Tuesday, 6 May 2014

New Purchase - ACN and BAX

Last week, GreenStar Agriculture delayed reporting the annual results because auditors did not have enough financial documents to sign off on them. They weren’t very detailed about the matter and offered no guidance as to when the results would be published. Moreover, one director left the company.

This was enough to convince me into selling most of my shares. I sold 4,100 shares out of 4,600 shares and lost almost $1,000. The sale reduced my forward 12-month dividends by $246.

Today I bought shares of Baxter International as well as Accenture.

Baxter International (BAX)

25 @ 74.055 + $9.95 ($74.45)
Initial yield 2.4%
Increase in forward 12-month dividends: $44.20

I will be paying a 15% dividend withholding tax as BAX is held in a TFSA.

I now own 155 shares of BAX.

Accenture (ACN)

25 @ $78.80 + $9.95 ($79.20)
Initial yield 2.3%
Increase in forward 12-month dividends: $46.50

ACN is based out of Ireland, which means no dividend withholding tax for Canadians and Americans.

My total dividends now stand at $5,986.59.

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