Buying On The Dip Part Two

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Hello everyone hope you are doing well. Today’s post is going to be about my final purchases I made in February. As with my previous post titled Buying On The Dip Part One, I purchased these stocks as they were falling and they became good buys in my opinion. I will share three buys with you. All of the stocks I bought I already owned so I was just increasing my position in them. All three in my opinion are long term holds.

My first purchase was :

bellcanada_logo

About Bell (BCE)

BCE Inc. is a communications company. The Company’s segments include Bell Wireless, Bell Wireline and Bell Media. Its Bell Wireless segment provides wireless voice and data communications products and services to its residential, small and medium-sized business and large enterprise customers across Canada. Its Bell Wireline segment provides data, including Internet access and Internet protocol television (IPTV), local telephone, long distance, as well as other communications services and products to its residential, small and medium-sized business and large enterprise customers, primarily in Ontario, Quebec and the Atlantic provinces, while Satellite television (TV) service and connectivity to business customers are available nationally across Canada. Its Bell Media segment provides conventional, specialty and pay Television, digital media, and radio broadcasting services and out of home (OOH) advertising services to customers across Canada.

Source: (RBC Direct Investing)

BCE has been one of my core holdings since my first purchase of the stock in 2014. BCE is one of the largest telecom companies here in Canada. The dividend has been rising for years and that streak should continue into the future. The stock has been falling due to rising interest rates, when I bought it was off it’s 52-week high of $63.00.

The Buy

On February 14th I purchased 25 shares @$55.87 per share. Total cost of the buy was $1,406.74 (trading cost included). Before this purchase I owned 110 shares, so combined I now own 135 shares.

Income

Earlier this year BCE raised their dividend to $0.7550 per quarter. These additional 25 shares will provide me $18.88 quarterly and $75.52 annually.

Purchase #2

85e64-fts-logo

About Fortis

Fortis Inc. is a Canada-based electric and gas utility holding company. The Company’s segments include Regulated Utilities and Non-Regulated Utilities. The Regulated Utilities segment includes Regulated Electric & Gas Utilities-the United States, which consists of ITC Holdings Corp. (ITC Holdings), UNS Energy Corporation and Central Hudson Gas & Electric Corporation (Central Hudson); Gas & Electric Utilities-Canadian, which consists of FortisAlberta Inc. (FortisAlberta), FortisBC Energy Inc. (FortisBC Energy), FortisBC Inc. (FortisBC Electric) and Newfoundland Power Inc. (Newfoundland Power); Electric Utilities-Caribbean, which includes its ownership interest in Caribbean Utilities Company, Ltd., Fortis Turks and Caicos, and its investment in Belize Electricity Limited. The Non-Regulated Utilities segment consists of Non-Regulated-Energy Infrastructure, which comprises long-term generation assets in British Columbia and Belize, and the Aitken Creek natural gas storage facility.

Source: (RBC Direct Investing)

Fortis is another one of my core holdings. I have held this stock since 2014 as well. Fortis is another stock that is affected by rising interest rates. The stock has been falling lately off it’s 52 week high of $48.73. They have been raising their dividend for 44 years, and are in position to continue to do so for years to come.

The Buy

On February 14th I purchased an additional 39 shares @$39.80 per share. The purchase cost was $1,562.19 (trading cost included). Before this purchase I owned 161 shares so with this buy I increase my share count to 200.

Income

Fortis pays a quarterly dividend of $0.425. The 39 shares I purchased will provide me $16.58 quarterly and $66.32 annually.

Purchase #3

Power Corp

About Power Corp.

Power Corporation of Canada is a diversified management and holding company. The Company has interest in the financial services, renewable energy, communications and other business sectors. Its principal asset is the controlling interest in Power Financial Corporation (Power Financial). Its segments are Great-West Lifeco Inc. (Lifeco), IGM Financial Inc. (IGM) and Pargesa Holding SA (Pargesa). Lifeco offers life insurance, health insurance, retirement and investment services, and is engaged in the asset management and reinsurance business. IGM is a financial services company operating in Canada, primarily within the advice segment of the financial services market. Pargesa is a holding company with diversified interests in Europe-based companies active in various sectors, such as minerals-based specialty solutions for industry; cement, aggregates and concrete; testing, inspection and certification; wines and spirits, and electricity, natural gas and energy and environmental services.

Source: (RBC Direct Investing)

This is the third purchase of Power Corp for me. Before this transaction I owned 59 shares. Power Corp has been raising their dividend the last couple of years. Before that they had kept the dividend the same from 2008-2014. I had been watching this stock for awhile and it was off it’s 52 week high of $33.69 when I decided to buy more shares.

The Buy

On February 14th I purchased an additional 56 shares @$29.86 per share. The cost of the transaction was $1,682.15 (trading fee included). I now own 115 shares of Power Corp when I combine all my purchases.

Income

Power Corp currently pays a quarterly dividend of $0.3585. The 56 additional shares will provide me $20.08 quarterly and $80.32 annually.

 

Well folks that is going to wrap up this post and my very busy February. These three purchases will boost my annual dividends by $222.16. What do you think of these buys? Do you own these stocks? Please feel free to comment below.

Thanks for reading

Matthew

Buying On

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20 thoughts on “Buying On The Dip Part Two

  1. Love the buys, Matthew! I’m glad you were able to take advantage of the dip. I’m a small shareholder of Fortis and plan to buy more. It’s definitely on of my favourite stocks seeing the dividend payment history. BCE is on my buy list. Amazing that you were able to add $222.16 in annual income. Keep up the great work!

    Liked by 1 person

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