Tuesday, 12 May 2015

Options Trade - National Oilwell Varco

On May 12, I sold a put in No Other Vendor. The trade:

Sold 1 NOV Put Jan 15 '16 $50 Put @ 5.30 ($11.20 commission + $0.01 SEC fee)

Days Held (sell date to expiry): 249

Net Premium: $518.79

Annualized Return = ($518.79 / ($5,000 - $518.79)) * 365/249 = 17.0%

The most likely outcomes of this trade are:

1. Shares are trading above $50.00 at expiration. I will get to keep $518.79 in net premiums.

2. NOV is trading below $50.00 at or before expiration and shares are assigned. I will receive 100 shares of NOV at a net cost of $44.81/share.

Monday, 11 May 2015

New Purchase - ATCO Group

On May 11, I initiated a position in ATCO Group (ACO.X).

Number of shares purchased
100
Price per share
$44.70
Commission
$9.95
Total cost per share
$44.80
Total cost
$4,479.95
Annual dividend per share
$0.99
Initial dividend yield
2.2%
Increase in forward 12-month dividends
$99.00


My dividend income is now $8,530.40 per year.



Thursday, 7 May 2015

New Purchase - IBM

On May 7, I added to my position in IBM. I'm not a huge fan of tech stocks, but the share price reletive to the stocks average dividend yield is attractive. Click here to view my analysis.



Number of shares purchased
10
Price per share
$171.00
Commission
$9.95
Total cost per share
$172.00
Total cost
$1719.95
Annual dividend per share
$5.20
Initial dividend yield
3.02%
Increase in forward 12-month dividends
$52.00

With several recent dividend increases and this purchase, my dividend income is now $8,403.43 per year.



Tuesday, 5 May 2015

New Purchase - Canadian Utilities

On May 6, I added to my position in Canadian Utilities. The description on their website says:

Alberta-based Canadian Utilities Limited, with more than 6,800 employees and assets of approximately $16 billion, delivers service excellence and innovative business solutions worldwide with leading companies engaged in Utilities (pipelines, natural gas and electricity transmission and distribution) and Energy (power generation, natural gas gathering, processing, storage and liquids extraction).

What I like most about CU is that it has increased its dividend for 43 consecutive years.

Number of shares purchased
125
Price per share
$37.40
Commission
$9.95
Total cost per share
$37.48
Total cost
$4,684.95
Annual dividend per share
$1.18
Initial dividend yield
3.15%
Increase in forward 12-month dividends
$147.50


My dividend income is now $8,327.65 per year.