Portfolio Update: Canadian Western Bank Purchased … Again

plummet

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.

On February 23, 2015 I decided to buy Canadian Western Bank (TSE:CWB Trend) again as it had dropped another 10% from my target buy price of $30 to around $27. I picked up shares for an average price of $26.93. I first bought shares in the company on December 16, 2014 at $29.33. With my latest purchase I was able to average down bringing my cost base to $28.45.

Canadian Western Bank is a regional Canadian bank in you guessed it Western Canada (mainly Alberta and BC). They have managed to increase

… Continue reading Portfolio Update: Canadian Western Bank Purchased … Again

An Introduction to the Great Canadian Banking Series (Part 1 of 10)

Canadian Sunset

Lone Primate / Foter / CC BY-NC-SA

In this series I’m going to take a look at the Canadian Banking Sector. If you talk to most Canadian dividend growth investors I think you will find that Canadian banks make up a significant portion of their portfolio. Canadian banks have reasonably high dividend yields, have performed well historically and they used to have very impressive dividend streaks with strong dividend growth until the global financial crisis hit.

When the crisis hit, the Canadian banks held their dividends steady while they navigated through the troubling times. Compared to other foreign banks, Canada stacked up very well, as a lot of other banks were cutting their dividends. Now that the financial crisis is over the Canadian banks have started increasing their dividends again and dividend investors are hoping that the banks get back to their old ways.

The Canadian banking industry is made up primarily of the “Big Six”:

  • Toronto-Dominion Bank
  • … Continue reading An Introduction to the Great Canadian Banking Series (Part 1 of 10)

  • Updated Canadian Dividend All-Star List: June 30, 2013

    Siem Reap Cambodia

    For the past week I’ve been in Cambodia checking out the temples in Siem Reap. As you can see from the picture above, it has been a great adventure. I’ll be heading over to Thailand shortly, but happy Canada Day weekend to all the folks back home. I’ve been traveling since October 2012 and it has been a great experience, but it will be nice to come home in late July. Now onto dividends and such…

    I’ve updated the Canadian Dividend All-Star List for the month. You can download the latest version here.

    There are few updates this month.

  • A reader pointed out that I was missing Transcontinental Inc. I added Transcontinental Inc to the list as it has a dividend streak of 11 years.
  • A reader pointed out that I was missing Royal Gold Inc. I added Royal Gold Inc to the list as it also has a dividend streak of 11 years. Royal Gold is listed on the Toronto Stock Exchange, but dividends are paid out in US dollars.
  • A reader previously commented that the market capitalization wasn’t a number in

    … Continue reading Updated Canadian Dividend All-Star List: June 30, 2013