March 2nd to 6th Stock Purchases

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Hi everyone, today I am going to share with you all of the stock purchases I made for the week of March 2nd to 6th. During the week I invested $4,529.61, with what the stock market has done this week it looks like I picked a bad time to invest. I don’t feel like that however sure I could buy the stocks for cheaper now, but I don’t have a crystal ball and can’t see when we will hit the bottom. I have a plan to invest either weekly or bi-weekly and I will continue to do this, I may not get the cheapest prices but for the long term it will benefit my portfolio.

In total I made 11 purchases in the week. In order to keep this post relatively short I won’t go into great detail about the stocks I purchased, I will give a small description of each.

Monday March 2nd

Altria Group (Ticker: MO) 

Altria Group, Inc., through its subsidiaries, manufactures and sells cigarettes, smokeless products, and wine in the United States. It offers cigarettes primarily under the Marlboro brand; cigars principally under the Black & Mild brand; and moist smokeless tobacco products under the Copenhagen, Skoal, Red Seal, and Husky brands, as well as provides on! oral nicotine pouches. The company also produces and sells varietal and blended table wines, and sparkling wines under the Chateau Ste. Michelle and 14 Hands names; owns Stag’s Leap Wine Cellars, Conn Creek, Patz & Hall, and Erath wine brands; and imports and markets Antinori, Torres, and Villa Maria Estate wines, as well as Champagne Nicolas Feuillatte in the United States. In addition, it provides finance leasing services primarily in transportation, power generation, real estate, and manufacturing equipment industries. The company sells its tobacco products primarily to wholesalers, including distributors; and large retail organizations, such as chain stores. Altria Group, Inc. was founded in 1822 and is headquartered in Richmond, Virginia.

I purchased an additional 21 shares at a share price of $40.44. I saw this as an opportunity to lower my average cost. My first purchase of the stock was made when the price was $53.69, with this purchase my average cost is now $50.19. Altria Group has been under pressure the last few months due to its investment into Juul, but the thing to remember is Altria is not just into making tobacco, they have investments in Budweiser, they sell wine, and provide finance leasing services in transportation, power generation, real estate and manufacturing.

Altria Group pays a quarterly dividend of $0.84. With this purchase my quarterly income will increase by $17.64 and annually by $70.56.

Purchase was made in my RRSP account.

NFI Group (Ticker: NFI)

NFI Group Inc., together with its subsidiaries, manufactures heavy-duty transit buses, medium-duty buses, low-floor cutaway buses, and motor coaches in the United States and Canada. The company operates through two segments, Manufacturing Operations and Aftermarket Operations. It also provides bus and coach parts and support services. NFI Group Inc. distributes its products under the New Flyer, MCI, ARBOC, and NFI Parts brands. The company was formerly known as New Flyer Industries Inc. and changed its name to NFI Group Inc. in May 2018. NFI Group Inc. was founded in 1930 and is headquartered in Winnipeg, Canada.

A big reason why I purchased NFI Group is because they are manufacturing electric buses and there is a huge market around the world for their product. They have a growing order book as well recently increased by securing a order for 600 buses in Ireland.

This is my first purchase of NFI Group and I bought 12 shares @ $29.40 per share. The company pays a quarterly dividend of $0.425. With this purchase my quarterly income will increase by $5.10 and annually by $20.40.

This purchase was made in my TFSA account.

goeasy Ltd. (Ticker: GSY)

goeasy Ltd. provides loans and other financial services to consumers in Canada. It also leases household products to consumers. The company operates through two segments, Easyfinancial and Easyhome. The Easyfinancial segment provides unsecured and real estate secured installment loans, and secured saving loans; loan protection plans; and an optional home and auto benefits products, which offers road side assistance and a suite of other support services, as well as credit monitoring services. The Easyhome segment leases furniture, appliances, electronics, and computers. As of December 31, 2019, it operated 256 easyfinancial locations that include 33 kiosks, as well as 163 easyhome stores that include 35 franchises. The company was formerly known as easyhome Ltd. and changed its name to goeasy Ltd. in September 2015. goeasy Ltd. was founded in 1990 and is headquartered in Mississauga, Canada.

goeasy has been increasing it’s dividend significantly lately for example the last four raises have been 44%, 25%, 38% and 45% and according to Morningstar the payout ratio is only 29%. The company continues to grow its revenue and earnings year after year.

I purchased 6 shares @ $63.94 per share. The stock currently pays a quarterly dividend of $0.45 and with the purchase my quarterly income will increase by $2.70 and annually by $10.80

Purchase was made in my TFSA account.

Tuesday March 3rd

Diversified Royalty Corp

Diversified Royalty Corp., a multi-royalty corporation, engages in the acquisition of royalties from multi-location businesses and franchisors in North America. Currently has six royalty businesses which are Mr. Lube, Air Miles, Sutton, Oxford Learning, Mr Mikes, and Nurse Next Door.

I’ve held Diversified Royalty Corp for a couple years now and I had a small amount of cash available in my Locked In Retirement Account (LIRA). I purchased an additional 31 shares @ $3.04 per share. The company pays a monthly dividend of $0.01958, with this purchase my income will increase by $0.61 monthly and $7.32 annually.

Purchase was made for my LIRA account.

Aecon Group (Ticker: ARE)

Aecon Group Inc. provides construction and infrastructure development services to private and public sector clients in Canada, the United States, and internationally. It operates through three segments: Infrastructure, Industrial, and Concessions.

I purchased Aecon Group to add some construction to my portfolio. Aecon is a big company here in Canada and they have a growing backlog of construction projects, with SNC Lavalin turning away from certain contracts I expect the backlog to continue. Aecon is also a dividend grower, the dividend has increases eight of the last nine years.

I purchased 40 shares @ $16.03 per share. The company pays a quarterly dividend of $0.16 per share and with this purchase my income will increase by $6.40 quarterly and $25.60 annually.

Purchase made in my TFSA account

NFI Group

Made another purchase of NFI Group this time for 14 shares @ $30.30. My income will increase $5.95 quarterly and $23.80 annually.

Purchase made in my TFSA account

Chorus Aviation (Ticker: CHR)

Chorus Aviation is a company that specializes in aviation based in Nova Scotia. If you live in Canada there is a good chance you have flown on them if you were on a short-haul route in Canada or to the United States, Chorus is a the largest contracted partner for Air Canada and fly under the Air Canada Express/Jazz banners. In total Chorus Aviation has it’s hands in six business areas which are:

  • Aircraft Leasing
  • Contracted Flying & Special Missions
  • Aircraft Parts & Components
  • Maintenance, Repair & Overhaul
  • Charters
  • Custom Design & Engineering

This is my second purchase of the stock in a couple of weeks for Chorus. This time I bought 7 shares @$6.57 per share. The stock pays a monthly dividend of $0.04, with the purchase my income will increase $0.28 and annually by $3.36.

Purchase made in my TFSA account.

Sun Life (Ticker: SLF)

Sun Life Financial Inc., a financial services company, provides insurance, wealth, and asset management solutions to individuals and corporate clients in the United States, the United Kingdom, Canada, and internationally. It offers life, health, wellness, disability, critical illness, stop-loss, and long-term care insurance products. The company also provides mutual funds, segregated funds, annuities, and guaranteed investment products; and financial and retirement planning services, as well as pooled funds, institutional portfolios, and pension funds.

Sun Life is one of the big financial services companies in Canada, I added Sun Life to add insurance to my portfolio. I purchased 10 shares @ $59.24 per share. Sun Life pays a quarterly dividend of $0.55 and my income will increase quarterly by $5.50 and annually $22.

Purchase was made in my TFSA Account.

SmartCentres REIT (Ticker: SRU.UN)

SmartCentres Real Estate Investment Trust is one of Canada’s largest fully integrated REITs, with a best-in-class portfolio featuring 157 strategically located properties in communities across the country. SmartCentres has $9.9 billion in assets and owns 34.1 million square feet of income producing value-oriented retail space with over 98% occupancy, on 3,500 acres of owned land across Canada. SmartCentres continues to focus on enhancing the lives of Canadians by planning and developing complete, connected, mixed-use communities on its existing retail properties.

SmartCentres is one of Canada’s biggest reit’s and has Walmart as it’s anchor tenet in many of the properties the reit owns. I purchased 20 shares @ $30 per share, SmartCentres pays a monthly dividend of $0.15417 with this buy my income will increase by $3.08 monthly and annually by $36.96.

Purchase was made in my TFSA account.

goeasy Ltd. (Ticker: GSY)

I made another purchase of goeasy Ltd. This time I bought 7 shares @ $67.94 per share. Income will increase by $3.15 quarterly and $12.60 annually.

Purchase made in my TFSA account.

Friday March 6th

Chorus Aviation

Made another small purchase of Chorus Aviation this time for 12 shares @ $5.86 per share. The buy will add $0.48 to my monthly income and $5.76 annually.

Purchase was made in my TFSA account.

That was my busy week of purchases in total with all of these buys I was able to add $239.16 to my forward dividend income. As you see many of the purchases were for my TFSA account I am sticking to focusing on that account in order to boost the income and to max out contribution room. Remember to stick to your investing strategy in these uneasy times for the market it’s better to stay in the market then selling your assets at a loss. My strategy is staying the same, I am not planning on selling any of my stocks and I will look to continue buying more shares of the stocks I own.

Thanks for reading!

Matthew

4 thoughts on “March 2nd to 6th Stock Purchases

  1. Hi Matthew,

    I agree with you 100%, can’t see when the bottom of the market is. It’s best to continuously invest and get the best prices available. Since it’ll all benefit you in the long run.

    Liked by 1 person

  2. Nice, Matt! The upside potential is huge once the panic is over! I will try to nibble some stocks next week. I plan to transfer reserve cash as an emergency response. But it won’t be my TFSA anymore. I will buy stocks in a regular account. Stay safe!

    Like

  3. It looks like the only one that I am familiar with is Altria Group. Thats probably because I own stock too. I am glad that you mentioned some of their other businesses because people tend to just focus on the cigarette business. Some of your other purchases sound intriguing so I will need to do a little research on them. Thanks for sharing!

    Liked by 1 person

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