Portfolio Update: Canadian Utilities Limited Purchased

Canadian Utilities Limited

Canadian Utilities Limited

One of the reasons I started this blog was to educate others and to improve my own investing. This is why I like to keep my readers up to date on my portfolio changes. For the most up to date portfolio changes follow my twitter account as I will usually tweet first and then follow-up with a blog post. By keeping an open book of my portfolio and changes to it, I hope to generate discussion so others can see how I put my investing philosophy into practice.

Canadian Utilities Limited Purchase

On December 8, 2015, I purchased shares of Canadian Utilities Limited [TSE:CU Trend Analysis] for $30.00 per share plus the commission. The company is a utility company engaged in the transmission and distribution of electricity and natural gas. They are also engaged in power generation and sales, natural gas gathering, processing, storage and liquids extraction. I purchased shares in this utility company for a number of reasons:

  • According to the Canadian Dividend All-Star List, it has the longest dividend streak of any Canadian

    … Continue reading Portfolio Update: Canadian Utilities Limited Purchased

  • Portfolio Update: Kinder Morgan Inc. Purchased & Sold

    kinder-morgan

    One of the reasons I started this blog was to educate others and to improve my own investing. This is why I like to keep my readers up to date on my portfolio changes. For the most up to date portfolio changes follow my twitter account as I will usually tweet first and then follow-up with a blog post. By keeping an open book of my portfolio and changes to it, I hope to generate discussion so others can see how I put my investing philosophy into practice.

    With my recent purchases and sale of Kinder Morgan Inc. [KMI Trend Analysis] I would say that I have not put this philosophy to good use. I first purchased Kinder Morgan Inc. on November 6, 2015 for $25.50 (8% dividend yield at the time) and then again on December 1, 2015 for $22.66 (9% dividend yield at the time) which reduced my average price to $24.04. Just a week later on December 8, 2015 Kinder Morgan Inc. announced that they were cutting the dividend and I sold all the shares for $14.75 per share in the after

    … Continue reading Portfolio Update: Kinder Morgan Inc. Purchased & Sold

    Portfolio Update – Potash Corporation of Saskatchewan Purchased

    Potash Corp

    One of the reasons I started this blog was to educate others and to improve my own investing. This is why I like to keep my readers up to date on my portfolio changes. For the most up to date portfolio changes follow my twitter account as I will usually tweet first and then follow-up with a blog post.

    By keeping an open book of my portfolio and changes to it, I hope to generate discussion so others can see how I put my investing philosophy into practice. With this post specifically I’m hoping to generate some serious discussion as I’m a little worried that I’ve gone yield chasing and diversified just for the sake of diversifying. I’ll let you be the judge…

    Potash Corporation of Saskatchewan

    I purchased Potash Corporation of Saskatchewan [TSE:POT Trend] twice in September. The first purchase was on September 25, 2015 for a price of $27.99 followed by another purchase on September 29, 2015 for $27.49.

    Potash Corporation of Saskatchewan is the world’s largest fertilizer company measured by capacity. The company’s main focus is potash, where it is the global

    … Continue reading Portfolio Update – Potash Corporation of Saskatchewan Purchased

    Portfolio Update – Bank of Nova Scotia, Emerson Electric and Caterpillar Purchased

    Stay Cool with Emerson Electric

    One of the reasons I started this blog was to educate others and to improve my own investing. This is why I like to keep my readers up to date on my portfolio changes. By keeping an open book of my portfolio and changes to it, I hope to generate discussion so others can see how I put my investing philosophy into practice. For the most up to date portfolio changes follow my twitter account as I will usually tweet first and then follow-up with a blog post.

    Bank of Nova Scotia

    On August 24, 2015 I averaged down and purchased Bank of Nova Scotia [TSE:BNS Trend] for $55.04 plus the commission. I first bought Bank of Nova Scotia on July 27, 2015 for $62 + commission. With this second purchase my average cost is now $59.54. I’m not going to go into too much detail here as I’ve already written a dividend stock analysis and updated my valuation and reasonably cheap target for Bank of

    … Continue reading Portfolio Update – Bank of Nova Scotia, Emerson Electric and Caterpillar Purchased

    Canadian Dividend All-Star List – September 2015 Update

    cup'a list

    The Canadian Dividend All-Star List has been updated for September 30th. The list contains Canadian companies that have increased their recorded dividends for five or more calendar years in a row. The list also contains an “Others” tab to include some other companies that have a dividend streak of less than 5 years.

    The list has an array of stock information that includes over 10 years’ worth of dividend data, the highest dividend yield for each year, and a wealth of other stock information. The list can be useful when screening for Canadian dividend growth companies. Once a month I update the list and it can be downloaded free here.

    In this month’s list one company was added to the All-Star List and there were a number of September dividend increases announced.

    Melcor Developments Ltd. [TSE:MRD Trend] was added to the Canadian Dividend All-Star List as it has increased its dividend for 5 consecutive calendar years and currently yields 4.1%. They have 5 and 10 year dividend growth rates of 18.3% and 17.1% respectively.

    Melcor Developments Ltd is a real estate development company. It is engaged in

    … Continue reading Canadian Dividend All-Star List – September 2015 Update

    Portfolio Update – National Bank of Canada & Exxon Mobil Corporation Purchased

    national_bank_of_canada_logo

    For those new to the blog, I like to keep my readers up to date on portfolio changes. One of the reasons I started this blog was to educate others, but also to improve my own investing. By keeping an open book of my portfolio and changes to it, I hope to generate discussion so others can see how I put my investing philosophy into practice. For the most up to date portfolio changes follow my twitter account as I will usually tweet first and then follow-up with a blog post.

    National Bank of Canada

    On Friday August 21, 2015 I purchased National Bank of Canada [TSE:NA Trend] for $42.27 plus the commission.

    National Bank of Canada is the leading bank in Quebec and the sixth largest bank in Canada with branches in almost every province. It operates in three business segments–Personal and Commercial, Wealth Management and Financial Markets – with total assets of $216 billion as at July 31, 2015.

    Since 2011, National Bank has been in the habit of increasing their quarterly dividend twice a year with the two most recent announcements increases

    … Continue reading Portfolio Update – National Bank of Canada & Exxon Mobil Corporation Purchased

    Canadian Dividend All-Star List – July 2015 Update

    All Star

    The Canadian Dividend All-Star List has been updated for July 31st. The Canadian Dividend All-Star List is a list/spreadsheet of Canadian companies that have increased their recorded dividends for five or more calendar years in a row. I added an “Others” tab to include some other companies that don’t have the five year dividend streak.

    The list contains an array of stock information that includes over 10 years’ worth of dividend data, the highest dividend yield for each year, and a wealth of other stock information. The list can be useful when screening for Canadian dividend growth companies. Once a month I update the list and it can be downloaded free here.

    In this month’s list one company was added to the All-Star List and there were a number of July dividend increases announced.

    Chesswood Group Ltd. [TSE:CHW Trend] was added to the Canadian Dividend All-Star List as it has a dividend streak of 5 years. The company is a small cap stock in the industrials sector providing rental and leasing services in equipment financing, legal financing and automotive operations.

    Chesswood Group Ltd.’s last dividend increase was

    … Continue reading Canadian Dividend All-Star List – July 2015 Update

    Portfolio Update: 3 Financials Purchased

    Scotiabank

    For those new to the blog, I like to keep my readers up to date on portfolio changes. One of the reasons I started this blog was to educate others, but also to improve my own investing. By keeping an open book of my portfolio and changes to it, I hope to generate discussion so others can see how I put my investing philosophy into practice. For the most up to date portfolio changes follow my twitter account as I will usually tweet first and then follow-up with a blog post.

    Canadian financials have been struggling of late and I took this as an opportunity to add to two of my existing holdings and add a new one.

    Canadian Western Bank

    On July 23, 2015 I purchased shares of Canadian Western Bank [TSE:CWB Trend] for $24 a share plus the commission. This bank has a large exposure to Alberta, so with oil prices low and Canadian banks coming down in value I was able to average down again. This was third purchase of Canadian Western Bank. My average cost basis for all three purchases is

    … Continue reading Portfolio Update: 3 Financials Purchased

    Portfolio Update – Home Capital Group Inc. Purchased Again

    Home Capital Group Inc.

    I first purchased shares of Home Capital Group Inc. [HCG Trend] at $41 in June 2015. In hindsight I should have waited another month as the price is now around $32. Over the past week shares have dropped almost 25%. I took this as an opportunity to average down twice. On July 13, 2015 I purchased shares at $36.21 and on July 14, 2015 I purchased more shares at $32.00.

    I tweeted these purchases the day of, so if you are looking for the most up to date portfolio updates follow me on twitter as I typically tweet first and then write the blog post later.

    I’m not going to go into a full analysis of Home Capital Group Inc. as I already wrote two articles on the topic: Home Capital Group Dividend Stock Analysis & Bird Poop & Portfolio Update: Home Capital Group Inc. Purchased. Fundamentally I don’t think the company has changed much in the past month, so I took it as an opportunity to buy more

    … Continue reading Portfolio Update – Home Capital Group Inc. Purchased Again

    Is low to moderate dividend growth expected for dividend growth utility stocks?

    Utility Pole / 電柱

    As a dividend growth investor there are four Canadian utility stocks that I’d consider investing in: Canadian Utilities Ltd. [TSE:CU Trend], Fortis Inc. [TSE:FTS Trend], Atco Ltd. [TSE:ACO.X Trend], and Emera Inc. [TSE:EMA Trend]. Atco Ltd. owns Canadian Utilities Ltd. and has some other activities, so you could say there are really only 3 ½ companies I’m interested in. Canadian Utilities Ltd, Fortis Inc. and Atco Ltd. have been able to increase dividends in each calendar year for over two decades, while Emera Inc. has a dividend streak of 8 years. These are impressive streaks, but what has me worried with some of these utility stocks is their long term dividend growth rates.

    Typically I try and target annual dividend growth of 8% or higher, but for utility companies this may not be realistic due to the regulated nature of their industry. Regulated utilities allow for a more reliable income stream, but it can be difficult to get consistent high dividend growth from these companies over the long term. A good example would be Fortis Inc. which has a 5 year average annual dividend growth

    … Continue reading Is low to moderate dividend growth expected for dividend growth utility stocks?