Friday, July 17, 2015

New Post: My recent (small) buys $CNR $ACO.X $CUF.UN

Hey Financial Freaks,

I haven't been writing much lately. I apologize. Monsieur Dividende has been quite busy making money to invest more in dividend growth stocks. 

The whole purpose of this whole blog is to document my journey on become financially independent.
But to do that one has to work.

Anyway, I thought I'd give a little bit of information regarding my portfolio and the subtle changes I have made these past months.

I have made a few buys :

ATCO (ACO.X) I have now 120 shares of this company. My average share price is around 45$ and the actual share price is under 40$.  I have add 118$ in dividend to my Passive Income.

The stock has had problems recently. But the core of the company hasn't changed and I intend to buy some more to lower my average share price.

To find out more about ATCO, check it out here.

Canadian National Railway (CNR.TO). This is a company I was following for quite some time now. It's 52-WK high was around 88$, so I figured 72$ was a decent entry point. The stock is still a little price, but I like their growth perspectives. And although the dividend yield is kind of low (under 2%), I'm confident the company will be able to increase it at a rate better than inflation.

So last month I bought 25 shares of CNR at 72,90$. This adds 31,25$ annually to my Passive Income.

CNR is my 18th company (I know, I know...) and my second in the railway/transport sector alongside its competitor, Canadian Pacific (CP).

Canadian National Railway Company (CN) is engaged in the rail and related transportation business. CN's network and connections to all Class I railroads provide its customers with access to all three North American Free Trade Agreement (NAFTA) nations. CN derives its freight revenue from seven commodity groups representing a portfolio of goods transported between a range of origins and destinations. 

The Company's network of approximately 20,000 route miles of track spans Canada and mid-America, from the Atlantic and Pacific oceans to the Gulf of Mexico, serving the ports of Vancouver, Prince Rupert (British Columbia), Montreal, Halifax, New Orleans and Mobile (Alabama), and the metropolitan areas of Toronto, Buffalo, Chicago, Detroit, Duluth (Minnesota)/Superior (Wisconsin), Green Bay (Wisconsin), Minneapolis/St. Paul, Memphis, and Jackson (Mississippi), with connections to all points in North America. (Description from Reuters)

Cominar REIT (CUF.UN). I have had shares of Cominar since 2013. I have sold some a couple of months ago. I decided to add some more when a raise in interest rates was looming and the stock price was going down.

I bought just enough so I would be able to buy some more units with my DRIP on a monthly basis. That's all. So I should be able to add 10 to 12 units per year from now. That's fine with me and my sector allocation.

I now own 176 units of Cominar REIT. This represents 258,72$ annually in Passive Income.

I am still ready to move if a stock correction happens. Not sure the greek situation (and the chinese for that matter) is all over yet. So I have kept more cash than necessary on hand. Will see. 

How about this fine little stock : Alimentation Couche-Tard (ATD.B). Sure wish I had bought some more in July 2014 when I thought the stick price was still too high... Oh well.

Worth mentioning : I received my special Dividend from KHC (Kraft-Heinz Company). Holy Macaroni! This is more than 1 000$ (Canadian mind you, but even so...). Where this it go? It's waiting to buy some more stock in my brokerage account. I also paid lunch to my parents and my girlfriend (who said I was cheap!). A man love his pork ribs... ;-)

What do you think of my latest small buys?

4 comments:

  1. Great purchases, MD. I am looking to average down on CNR myself...and waiting for some cash to accumulate in my TFSA account.

    Thanks for sharing and congrats on adding more to your passive income.
    R2R

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  2. Hey R2R,

    I saw that you have some CNR. But I couldn't find your average-price and the number of shares you hold. Anyway, I think it's a great position (same for CP) and I will increase it in the future.

    Thanks again for coming.

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  3. Nice buys MD. All great. Love it! One stock at a time towards Financial Independence. Glad to see a post my friend. Keep it up and thank you for documenting your journey with us. Take care.

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  4. Hey Dividend Hustler! Thanks for the nice comment. Much appreciated. I try to write as much as I can. And I wish I could write more. My dilemma : making more money means I lack time to write more while, at the same time, I have more money to buy stocks I could be writing about! Catch 22? It's a nice problem, I guess. Take care and good luck too on your path to financial freedom!

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Thanks a lot for your comment.