Hi everyone and welcome to my final post of 2017 I will take the next week off to relax and spend time with family. Today I decided to combine two posts.
Last week I wrote about purchasing Canadian Apartment Properties REIT well on December 1st I decided to increase my position in Canadian Apartment Properties REIT.
Transaction
On Dec 1st I purchased an additional 43 shares @ $36.75 per share for a total cost of $1,590.20. I had purchased my first 40 shares at a cost of $37.44 per share, so I was able to lower my cost per share to $37.21
Income
Canadian Apartment Properties REIT pays a monthly dividend of $0.10667 so this purchase will provide me an additional $4.59 per month. Annually my income will increase by $55.08.
So now I own 83 shares of Canadian Apartment Properties REIT, I will look for opportunities to add to my position in the future.
Let’s get to the Special Dividend shall we 🙂
I wasn’t really expecting this announcement but on Dec 19th The Keg Royalties Income Fund announced that they would pay shareholders a special distribution of $0.03 per share. This is the second year in a row that I know of that The Keg has done this. I became a shareholder in 2016.
What is The Keg Royalties Income Fund?
So what is The Keg Royalties Income Fund? The fund is a limited purpose open-ended trust established under the laws of the Province of Ontario, through The Keg Rights Limited (KRL) Partnership, a subsidiary of the fund, owns certain trademarks and other related intellectual property used by Keg Restaurants Ltd. In exchange for use of those trademarks, KRL pays the fund a royalty of 4% of gross sales of Keg Restaurants included in the royalty pool.
The Keg has approximately 9,500 employees, over 100 restaurants and annual system sales of approximately $585 million. Vancouver-based KRL is the leading operator and franchiser of steakhouse restaurants in Canada, and also has a substantial presence in the United States.
Income
I currently own 166 shares and with this announcement I will receive $4.98 in January.
Congrats to my fellow shareholders in The Keg Royalties Income Fund for receiving this special distribution.
I would like to take this time to thank all of you for reading this blog I have seen some very nice growth in terms of page views and followers to the site. I greatly appreciate all of the support I have received. As mentioned above I am going to take next week off to relax and spend time with family, also to watch hockey with the World Juniors tournament and the Spengler Cup starting Go Canada.
I would like to wish each and everyone of you a Merry Christmas, Happy Holidays
Thank you for making 2017 a success, I hope hope 2018 is a great success for all of us.
Thanks
Matthew
Nice purchase, Mat! Canadian Apartment is a strong name. You should do well with this stock. Congrats on the special dividend.
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Thanks. Canadian Apartment has been doing really well hopefully it can continue 🙂
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Nice additions. Congrats on the keg bonus! Merry Christmas. Go Canada!
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Thanks buddy. Merry Christmas to you as well.
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I’m getting $3 with the special Keg dividend 🙂 hurrah!
Merry Christmas and happy new year Matthew!
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Yay congrats on the $3. Merry Christmas and happy new year to you and your family. 🎉😀
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Hi Matthew, I used to own this stock and like it a lot. I sold because as a US investor I get hit with a 15% tax on the dividend and I’m not able to fully recover it on my tax return.
ps. Would you mind adding Dividends Diversify to your blogroll? Tom
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Hi Tom I have added you to my blogroll. I thought there was a tax treaty between our countries so you wouldn’t pay any taxes? I know we can receive dividends from US companies in our RRSP accounts without paying taxes.
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Great news! I don’t own Keg royalties. It is true that Canadians can earn dividends tax free in RRSP. But, in TFSA, the dividends are taxed.
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Yes absolutely true about the TFSA. I would avoid putting US stocks in a TFSA.
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