Friday, 26 August 2016

New Purchase - Power Corp

On August 25, 2016, I added 100 shares of POW.TO to the 125 I purchased on August 15, 2016.

Number of shares purchased
100
Price per share
$27.40
Commission
$9.95
Total cost per share
$27.50
Total cost
$2,749.95
Annual dividend per share
$1.34
Initial dividend yield
4.87%
Increase in forward 12-month dividends
$134.00

My 12-month forward dividends now stand at $10,392. WBA and CVS have come down a little because of the Mylan epipen debacle. IMO, this is a tempest in a teapot so I'm thinking of buying more CVS and maybe WBA.

Tuesday, 16 August 2016

A series of sells and two buys

I recently sold 220 shares of BNS @ $66.29 for a capital gain of $2,179.75 + $456.80 in dividends. That's $2,636.55 / $12,393.90 = 21.3% in 7 months. I like BNS and plan on getting back in if the price drops. I'll be using some of the proceeds to fund my kids' RESP.

I also decided to limit my exposure to oil and gas. I got burned with dividend cuts from ESV and BBL and now there is chat about the safety of CVX’s and RDS.B’s dividend. And their recent results were not reassuring.

I sold 100 shares of BBL @ $25.72 for a capital loss of -$790.40 + $156 in dividends = -$634.40. That’s -$634.40 / $3,352.40 = -18.9% over roughly 2 years.

I sold 48 shares of CVX @ $103.15 for a capital gain of $31.14 + $309.59 in dividends = $340.73. That’s $340.73 / $4,910.00 = 6.9% over roughly 2 years.

I sold 70 shares of RDS.B @ $54.45 for a capital loss of -$231.74 + $291.40 in dividends. That’s $59.66 / $4,033.20 = 1.5% over about 1.5 years.

For over a month now, I've been looking for solid deals and I think I found two. On Monday, August 15, I initiated positions in Flowers Foods and Power Corp. 

FLO:

Number of shares purchased
300
Price per share
$14.9693
Commission
$9.95
Total cost per share
$15.00
Total cost
$4,500.74
Annual dividend per share
$0.64
Initial dividend yield
4.27%
Increase in forward 12-month dividends
$192.00

POW.TO:

Number of shares purchased
125
Price per share
$27.16
Commission
$9.95
Total cost per share
$27.24
Total cost
$3,404.95
Annual dividend per share
$1.34
Initial dividend yield
4.92%
Increase in forward 12-month dividends
$167.50

My 12-month forward dividends have been reduced from $11,139 to $10,258 and my cash position stands at $44,000.