Merry Christmas and Happy Holidays everyone! I hope everyone is doing well these days and getting to spend some time with family. Soon this horrible year will turn over to 2021 and hopefully it is a much better year for all of us. Today’s post will be a wrap up post on my purchases in December, they were all small buys so it makes sense to combine them into one post. I made three purchases one for my Tax Free Savings Account (TFSA) and the other two for my Registered Retirement Savings Plan (RRSP).
On December 2nd I decided to add some more shares of Power Corp to my TFSA. I bought an additional 8 shares @ $29.04 per share. Power Corp currently pays a quarterly dividend of 44.75 cents per share, so with these 8 new shares my income will rise $3.58 quarterly and $14.32 annually.
I now currently hold 111 shares of Power Corp (ticker: POW) in my TFSA account and I don’t plan on buying more. I will share with you in my next post what I will be doing with my portfolio.
My second and third buys which took place in my RRSP account were for the same Exchange Traded Fund from BlackRock the iShares Core MSCI All Country World ex Canada Index ETF (ticker: XAW). I own this ETF to help diversify my portfolio and add shares sometimes bi-weekly or monthly.
My first purchase was on Dec 8th and I bought 6 shares @ $30.41 per share. My second purchase was on Dec 22nd and I bought 7 shares @ $30.85. This ETF pays a semi annual dividend that pays in January and June, originally I thought they paid in December but I was mistaken. I haven’t tried to calculate the dividend income these additional shares will provide because the distribution changes all the time.
Thanks for reading!