Friday, 20 February 2015

New Purchase - Pason Systems

On February 19, I initiated a position in Pason Systems, a leading global provider of specialized data management systems for drilling rigs: "Our solutions, which include data acquisition, wellsite reporting, remote communications, and web-based information management, enable collaboration between the rig and the office."

Number of shares purchased
Price per share
Total cost per share
Total cost
Annual dividend per share
Initial dividend yield
Increase in forward 12-month dividends

My dividend yield analysis of PSI shows that it is trading at a discount to its average dividend yield.

On December 12, 2014, I reduced my holdings in TGT by 50 shares. I had gone overweight TGT when the share price was low and when the price “popped”, TGT represented 7% of my portfolio. I would have held on had they not totally screwed up their entry into Canada. This reduced my dividend income by $104.00/year.

My dividend income is now $8,735.16 per year.