Tuesday, 16 June 2015

New Purchase - ATCO Group

On May 11, I initiated a position in ATCO Group (ACO.X). The share price has since declined by about 10% so today I bought an additional 100 shares.

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

It looks like Canadian Utilities and ATCO Group are hitting new lows because of concerns that the new Alberta government will implement a new tax regime. I believe both companies are well positioned to grow and my dividend yield analysis indicates that I'm getting good value for my money.

My annual dividend income now stands at $9,138 per year.


  1. Nice purchase, ADY. Ive been reading up and from what I understand, CU might be a better buy - a higher yield for most of the same company. The corporate structure gives some higher exposure to building and logistics with Atco than CU.

    Still a great company to own overall....congrats on the purchase

    1. It was difficult to chose between CU and ATCO so I went with both. CU is my preferred holding, but I see the opportunity in making some good returns on both stocks.

      I'll probably double my position in CU if shares reach $32-33. I'm thinking of going overweight on both stocks and selling a call option or two when shares rebound. That may take a few years, but I'm only 36 so I've got plenty of time.

  2. Wow, you're so close to the $10,000 mark for annual dividends -- great job! I'm not familiar with this stock, so I'll need to look into it. Thanks for sharing.

    1. Thanks for the kind words. I'd like to get to $10,000 before the end of 2015 but that will depend what the market has to offer me.