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 ...
Recent Buy: CLF, BNS and RY
Buy Low and Sell High is a great investment tenet. One of the biggest dilemmas with this investment doctrine, is when markets are down, it doesn’t always mean you have the funds to invest. Case in point, in May 2012 the TSX hit its 52 week lows. Although I have no way to know where market tops or bottoms are, I would love to have bought into some great stocks at that time. If I am already fully invested, and don’t have any investment capital, then it really makes no difference whether markets ...
