Recent Buy: H&R REIT (HR.UN)
It’s been a while since I’ve written about my recent buys. The reason being, I haven’t purchased any positions recently, other than purchasing shares of TELUS in June. However with the RRSP deadline approaching, and some tax payable, I was able scrape nearly 1K to contribute to my RRSP. That gave me enough cash in my RRSP to top-up or purchase something new. In early September 2013, I had mentioned in a weekly lineup I was thinking about REITs.
Yesterday morning I made a small ...
Recent Buy: Teck Resources and Barrick Gold
In a previous post on The Dividend Pig, I discussed opportunity in the Canadian mining sector.
As I discussed in that post, many investors overlook mining stocks as dividend growth companies, because of their lower dividend yields. Yet these are “dividend growth” companies many with strong balance sheets. They have recently raised their dividends, and have more potential for share price increase. Take Potash Corp. (POT) as an example which recently raised its dividend by a whopping 33%! In that ...
Recent Buy: Power Financial Corp. PF Series S
This morning I sold another chunk of my iShares bond ETF, CLF, and purchased 100 shares of Power Financial Corporation First Preferred Shares, Series S, at $25 per share. The current yield is 4.80%, just slightly higher than the common shares of PWF. The shares are rated Pfd-1 by DBRS, and P-1 by S&P, which are considered highest quality ratings.
Preferred shares (PF Shares) from Canada’s biggest companies are rarely offered with TD Waterhouse, and these new issues are usually gone within 20 ...
Recent Buy: McDonalds (MCD) and Coca Cola (KO)
Over the last few months, I’ve been shifting my view of my entire portfolio from being a collection of “stocks” to a collection of “businesses”. This is also a point that fellow blogger Dividend Mantra pointed out, in his recent post, Warren Buffett’s Wise Words. Mantra’s recent post really hit home for me and I’m sure for many other dividend investors as well. A recent post on the Dividend Ninja by Dan Mac, Find Investment Success with a Business Point of View, also hit home along ...
