Skip to main content

Purchases | February 2018

Last month I purchased Emera (EMA.TO). A great dividend paying company. EMA pays it's dividend quarterly. However, I figured if I want to hit my 2018 dividend goal of $750 I might want to buy into companies that pay a monthly dividend earlier in the year. This month I was able to scrounge up $1900! I had some money left over from December's Child Benefit, the dividend of $5.02, $75 unallocated dollars in my TFSA and the money earmarked for investing from January. I mentioned a few posts ago that I wanted to top up my BCE shares, but at the same time I don't want to spread my dollars out too much and waste money on fees. In the end, I decided against the BCE purchase.

For monthly dividend payers, it was a toss up between Inter Pipelines and some more Plaza REIT. I just recently purchased some PLZ.UN.TO in my RRSP. This time around, I went for Inter Pipelines. In total, I purchased 82 shares at $24.05. Sadly, a few days after purchasing the shares the stock price fell to $22. Oh well! Such is life. I tell myself when things like this happen that it's okay and I am not in it for the short term. If the company is strong it will continue to pay dividends. Inter pipelines should give me $0.14 per share, or $11.48 per month. That's more than 50% the current share price! Lovely, isn't it?

Heather
Labels:
Location: Sainte-Clotilde-de-Châteauguay, QC J0L 1W0, Canada

Comments

Post a Comment

Popular posts from this blog

Curious Experiment | Heather's Dividends

In the beginning of 2009, I was twenty-two years old, just out of University and the American sub-prime mortgage kerfuffle was well underway. I had a little money to spare, but back in 2009 in order to set up a self-directed discount brokerage account one needed a large deposit. Something I did not have. Except at Canadian Shareowners  a co-operative investing service. I bought two companies, Royal Bank of Canada and Berkshire Hathaway Class B. Royal Bank (at the advice of my dad) was chosen since I did not have any banking stocks. Berkshire was my choice. I did not choose it for dividends since there are none, but because I wanted to be a part of the "club." Being a part of the "club" meant I would receive the annual shareholder's package and an invitation to the annual shareholder meeting in Omaha, Nebraska (I was hopeful that one day I would go before Charlie Munger and Warren Buffet die, but alas, it has yet to happen). At the time I purchased them, Royal ...
Post a Comment
Read more

Cominar | Dividend Cut

I logged into Twitter on Saturday to see what was going on in the world and I noticed a lot of tweets about the REIT Cominar. It ends up management has decided to decrease the stock's dividend to $0.06 cents per unit. The few dividend investors that I follow online (and who probably own more stocks than I do) were visibly upset about the dividend cut and threatened to sell their shares the following Monday when the stock market opens again. Although I don't currently own any shares in Cominar, I started looking into what their management was trying to achieve with these dividend cuts. For one, they need to get their debt ratio below 50%. As of December 31st, 2017 it was at 57.4%, up from 52.4%. But I get it. They need to stop the financial bleeding. Too much is going out in dividends compared to what they actually earn. My husband and I had the same problem while we were paying for our son's ABA therapy. We were hemorrhaging money it was so expensive. Think $6k per month ...
Post a Comment
Read more

Marginal Tax Rate & Low Income Families | What I'm Reading

Worth the read! http://business.financialpost.com/personal-finance/taxes/its-time-to-pay-more-attention-to-marginal-effective-tax-rates This is a great explanation on why I'm a stay-at-home mom. Yes, I love my kids but I would love to work too. Except the cost of working is prohibitive and way more expensive than staying home with my kids. This article is also a great explanation why I could care less about RRSPs and am focusing on my TFSA. There is almost virtually no benefit to my husband or I contributing to an RRSP. The income I would earn in my TFSA has a greater positive impact on my family's wellbeing. Take a look, and share your thoughts. Heather
Post a Comment
Read more