There is not much in the way of deals out there, but my average dividend yield metric shows that BAX, ESV, IBM, OXY, NOV and TGT are at decent prices.
As reported earlier this week, I added to my position in Baxter and initiated a position in Accenture.
Also this week, Baxter increased its quarterly dividend to $0.52 from $0.49, or 6.1%. And Telus increased its 2014 quarterly dividend for the second time in 6 months, for a total increase of $1.36 to $1.52, or 11.8%.
On Friday, I bought 25 shares of ESV and now hold 275 shares. The share price is very cheap, the dividend yield is excellent, and as far as I can tell, there is nothing wrong with the company.
25 @ $50.50 + $9.95 commission ($50.90)
Initial yield 5.9%
Increase in forward 12-month dividends: $75
My yearly dividend income now stands at $6,073.59 and I’m sitting on $17,850 in cash.
We sold our house yesterday as we are relocating to Ottawa in about a month for employment reasons. We are renting simply because Canadian house prices are unaffordable and my wife and I refuse to take on a hefty mortgage. Some argue that Canada has the biggest real estate bubble in the world! And after 3 house hunting trips and 20 some houses later, I’m convinced. Here’s an interesting graph comparing the average Canadian vs. U.S. home prices:
Going against the heard mentality has served us well. I’m hoping for a repeat.