Second Purchase of May

Just two days after purchasing shares of Power Corp, I have made my second purchase of the month. On May 11th I purchased more shares of Enbridge (TSX: ENB).

enbridge-logo

About Enbridge

Enbridge Inc. is a Canada-based energy transportation and distribution company. The Company is engaged in delivering energy. It operates through five segments: Liquids Pipelines, Gas Distribution, Gas Pipelines and Processing, Green Power and Transmission, and Energy Services. Liquids Pipelines consists of common carrier and contract crude oil, natural gas liquids (NGL), and refined products pipelines and terminals, including Canadian Mainline, Lakehead Pipeline System, Mid-Continent and Gulf Coast and Regional Oil Sands System. Gas Distribution consists of its natural gas utility operations, the core of which is Enbridge Gas Distribution Inc. Green Power and Transmission consists of its investments in renewable energy assets and transmission facilities. Renewable energy assets consist of wind, solar, geothermal and waste heat recovery facilities in Canada. Energy Services undertake physical commodity marketing activity and logistical services, and oversee refinery supply services.

(Source : Google Finance)

Reasons for Purchase

  • Became largest energy infrastructure company in North America following the Spectra Energy acquisition on February 27th, 2017.
  • Raised dividend for 22 consecutive years (15% this year)
  • Forecast the dividend to grow 10% to 12% per year through 2024.
  • Has $27 billion in secured growth programs. $2.4 billion of which has been brought into service earlier in 2017, and another $11 billion for the rest of 2017. Which will have positive impact on future earnings and cash flow.

Dividend

Enbridge has increased it’s dividend for 22 consecutive years. It has grown 15% this year alone. Management has forecast dividend growth of 10% to 12% per year though to 2024.

Transaction Details

Before May 11th I owned 94 shares of Enbridge (ticker: ENB).

I added 25 shares with my new purchase at a cost of $54.85. The total cost of my trade is 25 x $54.85= $1,371.25 + $9.99 (trading cost) = $1,381.24.

Now I own 119 shares with an average cost of $55.26

Income

My 25 shares will add $15.25 in quarterly income. Annually my income will increase $61.

 

So what do you think of my purchase? Do you own Enbridge or plan on owning the stock? Send me a comment I enjoy reading your comments. Thank you for reading I appreciate you stopping by.

Take Care

Matthew

 

New Purchase – Power Corp

Well it took me awhile but I finally did it, I made another purchase. On May 9th, 2017 I purchased shares of Power Corporation of Canada.

Power Corp

What Is 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 : Google Finance)

Organization Chart

Organization Chart

(Source: Power Corporation’s website)

Dividend

In 2015 the dividend was increased for the first time since the financial crisis in 2008. Power Corp has since raised the dividend for three consecutive years. The latest increase occurred on May 12, 2017 when it was increased 7% to $0.3585 from $0.3350.

Transaction Details

Before the purchase I currently owned 36 shares of Power Corp (ticker: POW) at an average cost of $27.07.

On May 9th, 2017 I purchased 23 new shares at $31.00 = $713.00 + 9.99 (trading fee) = $722.99.  After the trade I now own 59 shares and the average cost has increased to $28.77.

Income

The 23 new shares will boost my quarterly income by $8.25. Annually my income will increase by $33.

Well guys there you have my first purchase since March and just my third this year. Thank you for reading. Please feel free to share your thoughts on my purchase I enjoy your feedback.

Thanks again for stopping by I appreciate it.

Matthew

Second Raise From Enbridge In 2017

enbridge-logo

Hey fellow investors how are you? Today’s post is about Enbridge raising their dividend for the second time this year. Back in January Enbridge announced a 10% increase to the dividend marking the 22nd consecutive year that the company has raised the dividend. Also during that announcement the company stated that after they closed the acquisition of Spectra Energy which was completed on February 27, 2017 that the dividend would be raised again for a total increase of 15% in 2017.

About Enbridge:

Enbridge Inc. is a Canada-based energy transportation and distribution company. The Company is engaged in delivering energy. It operates through five segments: Liquids Pipelines, Gas Distribution, Gas Pipelines and Processing, Green Power and Transmission, and Energy Services. Liquids Pipelines consists of common carrier and contract crude oil, natural gas liquids (NGL), and refined products pipelines and terminals, including Canadian Mainline, Lakehead Pipeline System, Mid-Continent and Gulf Coast and Regional Oil Sands System. Gas Distribution consists of its natural gas utility operations, the core of which is Enbridge Gas Distribution Inc. Green Power and Transmission consists of its investments in renewable energy assets and transmission facilities. Renewable energy assets consist of wind, solar, geothermal and waste heat recovery facilities in Canada. Energy Services undertake physical commodity marketing activity and logistical services, and oversee refinery supply services.

(Source: Google Finance)

Announcement

On May 4th the Board of Directors announced an increase of approximately 5% to the common share dividend. The new dividend is now $0.61 (previously was $0.583). The new dividend is payable on June 1, 2017 to shareholders of record on May 15, 2017.

Impact On Portfolio

I currently own 94 shares of Enbridge which were purchased in 2014. This raise is the 4th that I have received.

My income will increase $10.16. If I include the January dividend increase my forward income grows to $30.08.

Congrats to all of the other shareholders on receiving this raise.

Thanks for reading

Matthew

April 2017 Income

money gif

Hello everyone and welcome to my April 2017 income report. This is my favourite time of the month when I get to share with the world how many dividends I received, and also I get to read other bloggers income reports which provide me with inspiration. April saw me receive dividends from 16 companies and 1 ETF. My year-over-year growth for the month was 16.4% from April 2016. Most of this growth was from dividend increases I received earlier in the year and reaffirmed why I chose to focus my investing strategy on dividend paying stocks.

My portfolio consists of two accounts first a Tax Free Savings Account (TFSA) and the Registered Retirement Savings Plan (RRSP). In my TFSA I received a payment from all 8 companies that are in the account for a total of $116.08. For my RRSP I had 8 stocks and 1 ETF pay me for a total $287.74. Combined I received $403.82 the second consecutive month in which I have crossed the $400 mark. This is a significant increase over 2016 where I received $346.87.

So let’s take a look at what I received in each account.

TFSA

Inter Pipeline $17.87
Boardwalk Real Estate Investment Trust $17.63
Chorus Aviation $17.28
The Keg Royalties Income Fund $15.24
ZCL Composites Inc. $15.24
Artis Real Estate Investment Trust $13.95
Boston Pizza Royalties Fund $12.31
Corus Entertainment $6.56

RRSP

BCE $78.93
TransCanada $63.75
Telus $48.00
Algonquin Power & Utilities $47.78
BMO US Dividend ETF $31.29
Pizza Pizza Royalty Corp. $16.76
Alimentation Couche-Tard $0.81
North West Company $0.32
Leon’s Furniture $0.10

Year-over-Year Dividend Comparison

So far as you can see I have surpassed my totals in every month. I am hoping this trend will continue throughout 2017.

Dividend Goal

At the beginning of 2017 I set a goal of wanting to receive $4,000 in dividends this year. Last year I received just over $3,500. To help display this goal I thought I would add a gauge to show you how far along I am in achieving this goal. Through the first four months of 2017 I have received $379 more this year than last.

Buys/Sells

I did not buy or sell any stocks in April.

Dividend Increases/Decreases

I did not receive any increases or decreases in the month of April. I am hoping to receive some increases in May.

 

Thank you so much for reading my April income post. I hope each and every one of you had great month as well. I can’t wait to read your posts. If you have a comment please feel free to leave one I enjoy reading them.

Please share the post with others 🙂

Thanks

Matthew

2017 Goal Review #1

Hi everyone hope all is well with you. Today’s post is going to be about reviewing the goals that I set for myself back in January. If you would like to read that post please click here. This is only the second year that I have set goals and thought it would be a good idea to do quarterly reviews to help keep me accountable. This year I decided to focus a bit more on personal finance, I am attempting to improve my finances by saving more and eliminating debt. Don’t worry though I added a couple investing goals 🙂

2017 goals image

So let’s get started. FYI all numbers below are as of April 1st.

Personal Finance

  • Eliminate $3,818 loan
  • Increase savings to $6,000

This year I set two goals for personal finance, first I wanted to eliminate my loan of $3,818. I have $1,247.03 remaining so I have paid off 67% of the loan. I am hoping to have the debt gone by the end of April as I will receive my income tax return and get paid twice by my main employer.

My second goal was to have an emergency fund of $6,000. At the start of the year I only had $2,500 set aside in case of an emergency and I don’t feel comfortable with that. Well folks about a week after I wrote about my 2017 Goals I picked up a part-time job. With the new job I will achieve my goal rather quickly that is why I am going to increase my goal to $10,000. As of  April first I had increased my savings to $4,333.20. Another way I am building up my savings is by getting another credit card. In March I signed up for the Tangerine MasterCard Cash Back card where I will get three categories (Gas, Groceries, Restaurants etc…) of 2% cash back and each month that will be deposited into a savings account.

Portfolio/Investing

  • Invest $4,000
  • Receive $4,000 in dividends

My first goal was to invest $4,000 this year so far I have invested $700. Once my loan is paid off I will be able to put more money towards investing. My second goal was to receive $4,000 in dividends, last year my goal was to receive $3,500 and I achieved that so I decided to try and crack the $4k barrier. So far in 2017 I have received $1,075.99 at the moment I am on track so fingers crossed 🙂 If my investments continue to raise their dividends I believe I can reach my goal.

Blog

  • Have 15,000 page views
  • Have 30 followers

I set a couple of goals for this blog. First try and get 15,000 page views so far I have received only 3,015 views averaging about 1,000 per month leaving me 3k short so I need to pick up the pace. For my second goal I have been having much better success, at the beginning of the year I had 6 followers and I have since gained 13 for a total of 19. Thank you to all who follow I appreciate it.

Twitter

  • Have 1,500 followers

I thought I would add a social media goal this year so I am attempting to have 1,500 by the end of the year. At the beginning of 2017 I had 788 followers, at the end of March that had increased to 981 for a gain of 193. Thanks for following everybody. If you would like to follow me on Twitter please click here.

That wraps up my 2017 goals review, I would like to thank everyone for reading. Please share if you like the post. I hope everyone is on track with their goals this year.

Thanks again take care

Matthew

March 2017 Income Report

Hi everyone it’s the first week of April so that means it’s time for my favourite post. I hope you all had a terrific month and collected lots of dividends. March for me was fantastic I had the best month since becoming a dividend investor in terms of receiving dividends. For the first time ever I collected over $400.

My total for March was $424.96 last month compared to $249.31 in March 2016. I had 14 companies and 1 ETF pay me. My portfolio consists of two accounts the Tax Free Savings Account (TFSA) and Registered Retirement Savings Plan (RRSP). In my TFSA I received $177.03 which is a record a big reason why was a special dividend paid by ZCL Composites Inc. For my RRSP account I received $247.93.

TFSA

ZCL Composites Inc $82.55
Inter Pipeline $17.87
Boardwalk Real Estate Investment Trust $17.63
The Keg Royalties Income Fund $15.24
Artis Real Estate Investment Trust $13.95
Boston Pizza Royalties Fund $12.31
Chorus Aviation $10.92
Corus Entertainment $6.56

RRSP

Fortis $64.40
Canadian Utilities $55.41
Enbridge $54.80
BMO US Dividend ETF $29.50
Pizza Pizza Royalty Corp $16.76
Power Corp of Canada $12.06
Westjet $7.00

Dividend Chart

Red is 2017 and Blue is 2016.

Buy/Sell
In March I made two purchases one purchase was for each account.

Dividend Increases

I received two increases plus a special dividend in March.

  • On March 8th ZCL Composites Inc announced a 50% increase to the quarterly dividend increasing it to $0.12 from $0.08.
  • Also ZCL Composites announced a special dividend of $0.65
  • On March 21st BMO announced a distribution increase for US BMO Dividend ETF. It now pays a monthly dividend of $0.07 instead of $0.06600.

So folks that is my report for the month of March I hope you enjoyed reading it. Please share I always appreciate that 🙂 I hope you all had a great month as well.

Thanks for reading

Matthew

BMO Increases Distribution For ETF

Hi guys hope you are all excellent and receiving lots of dividends. Today I just wanted to post about a recent increase I received. On March 21st Bank of Montreal (BMO) announced some changes to the distribution to some of their ETFs, on that list was an ETF that I own the BMO US Dividend ETF (ZDY).

I purchased ZDY late in 2016 which you can read click here. ZDY is designed to provide investors exposure to a yield weighted portfolio of US dividend paying stocks. It currently has a holding of 100 stocks.

Sector Allocation

Distribution

ZDY pays a monthly distribution. With the announcement on March 21st this is the second time this year that BMO has increased the distribution. The ETF beginning with the payment in April will now pay $0.0700 instead of $0.06600.

I currently own 447 shares and with the announcement my forward income will increase $21.48 a year.

Congrats for those who own this ETF.

Thanks for reading please share 🙂

Matthew

Dividend Increase Plus A Special Dividend

2d4f8-zcl-composites-inc

Hi everyone I thought I would share with you a recent increase I received from one of my investments. Well actually I received two announcements from ZCL Composites Inc. On March 8th while delivering their 4th quarter and yearly results for 2016 ZCL Composites Inc. announced that they were rewarding shareholders with a special dividend of $0.65 a share, and were also boosting their dividend by 50%.

About ZCL Composites Inc.

ZCL Composites Inc. (ZCL) is a Canada-based manufacturer and supplier of fiberglass reinforced plastic (FRP) underground storage tanks. The Company also provides custom-engineered above-ground FRP and dual-laminate composite storage tanks, piping and lining systems, and related products and accessories, where corrosion resistance is a high priority. Its segments are Underground Fluid Containment (Underground) and Above-ground Fluid Containment (Above-ground). The Company has three product groups: Petroleum Products, Water Products and Corrosion Products. The Petroleum and Water Products groups are components of the Underground segment, use a similar production process, and use the brand identities of ZCL, Xerxes, and Parabeam.

(Source: Google Finance)

Dividend Announcements

So as mentioned above ZCL Composites Inc. announced that they were rewarding shareholders with a special dividend of $0.65. This is the second straight year in which a special dividend has been given to shareholders, last year in March the company paid out $0.50 a share.

I own 127 shares of ZCL so for the special dividend I will received $82.55. The special dividend will be paid to shareholders on March 31st. With this payment I will surpass what I would have received all year long with their regular dividend 🙂

Also announced was a 50% increase to their quarterly dividend, the dividend will increase to $0.12 a share from $0.08. Since 2012 ZCL has increased the dividend 10 times. This is the first increase that I have received this purchasing this stock.

So since I own 127 shares my yearly income will increase $20.32.

If you own ZCL Composites Inc. then congrats on the dividend increase and special dividend.

Thanks for reading please feel free to share.

Matthew

New Purchase – Chorus Aviation

choruslogo100

Hi guys I am back to talk about a new purchase I made only a day after purchasing Exco Technologies. On March 8th I added to my position in Chorus Aviation which is in my Tax Free Savings Account (TFSA). I recently wrote a review of Chorus Aviation which you can read here.

So what is Chorus Aviation? Well Chorus which is headquartered in Halifax, Nova Scotia is a company that has various regional aviation interests including Jazz and Voyageur.

Jazz

In Canada Jazz operates the largest regional airline and the third largest airline based on passengers carried. Jazz had a Capacity Purchase Agreement (CPA) with Air Canada. Under which Air Canada purchases the capacity of covered aircraft operated by Jazz under the Air Canada Express Banner. Through Jazz Chorus provides a significant part of Air Canada’s domestic and trans border network to 57 destinations in Canada and 13 in the United States. The CPA is in effect until December 2025. The planes under the CPA have a seating capacity of between 30-78 passengers.

air-canada-express-jazz-dhc-8-400-c-ggoi-04apr-yyz-tmk46-m

Voyageur Aviation

On May 1st, 2015 Chorus Aviation purchased Voyageur Aviation. Voyageur provides specialized contract flying operations to Canadian and International customers. The company operates medical, logistical and humanitarian flights serving blue chip clients in Canada and Africa, comprised primarily of government entities and international non-governmental organizations. Voyageur also has a AeroTech division which specializes in engineering and advanced maintenance operations.

Reasons For Purchasing More Shares

  • Long-term labour contracts with all employees expires in 2025.
  • Long-term Capacity Purchase Agreement (CPA) with Air Canada expires in 2025.
  • Created new subsidiary called Chorus Aviation Capital to diversify revenue.
  • Stock yields 6.55%

Transaction Details

Before purchasing these new shares in the company I owned 273 shares which were purchased last February at a cost of $5.64 per share. On March 8th I purchased another 159 shares at $7.10 a share for a total cost of $1,148.80. So I now currently own  432 shares with an average cost of $6.22 per share.

Dividends

Chorus pays a monthly dividend of $0.04 so with my 159 additional shares my income will increase by $6.36 per month or $76.32 a year. Combined the 432 shares will provide me $17.28 a month or $207.36 a year.

I didn’t go into too much depth with this report as it is a stock I already own, and as mentioned above I wrote a review a couple months ago on the stock. I hope you enjoyed reading this post.

Do you own Chorus Aviation? Is it on your radar? What do you think of my purchase please feel free to share your thoughts.

Thanks for reading

Matthew

First Stock Purchase Of The Year

exco-logo

Hey folks I finally purchased my first stock of the year. On March 7, 2017 I purchased Exco Technologies Limited (Ticker: XTC) for my Registered Retirement Savings Plan (RRSP) account.

About Exco Technologies Limited

Exco is a global designer, developer and manufacturer of dies, moulds, components and assemblies, and consumable equipment for the die-cast, extrusion and automotive industries. The Company reports in two business segments Casting and Extrusion, and Automotive Solutions.

Casting and Extrusion 

The Casting and Extrusion segment designs, develops and manufactures die-casting and extrusion tooling and consumable parts for both aluminum die-casting and aluminum extrusion machines. Operations are based in North America, South America and Thailand and serve automotive and industrial markets around the world. The Canadian, European, South American and United States markets are Exco’s primary focus for die-cast moulds, extrusion dies and machine consumable parts. In 2014 the company opened a new factory in Thailand in an effort to better penetrate the Asian market for those products.

Automotive Solutions

The Automotive Solutions segment designs, develops and manufactures automotive interior trim components and assemblies primarily for passenger and light truck vehicles. The segment is made up of five businesses:

  1. Polytech
  2. Polydesign
  3. Automotive Leather Company
  4. Neocon
  5. AFX Industries

Polytech and Polydesign businesses manufacture synthetic net and other cargo restraint products, injection-moulded components, shift/brake boots, related console components and assemblies. Polydesign  is also a manufacturer and/or finisher of injection moulded interior trim and instrument panel components, seat covers, head rests and other cut and sew products. Automotive Leather Company  is a manufacturer of leather/fabric seat covers for automobile interiors. Neocon is a supplier of soft plastic trunk trays, rigid plastic trunk organizer systems, floor mats and bumper covers. AFX Industries is a tier 2 supplier of leather and leather-like interior trim components to the North American automotive market. AFX supplies die cut leather sets for seating and many other interior trim applications as well as injection-moulded, hand-sewn, machine-sewn and hand-wrapped interior trim components of all sorts.

The Automotive Solutions segment has manufacturing facilities in Canada, the United States, Mexico, Bulgaria and Morocco.

Sales

Sales Exco continue to increase year over year. Last year sales increased $90.7 million or 18%. $66.9 million of this was from the purchase of AFX Industries and that is only for six months of 2016.

Segment Sales For 2016

In 2016 the Automotive Solutions had sales of $396.8 million, and The Casting and Extrusion segment had $192.2 million.

Geographic Sales

Net Income

Earnings Per Share

Dividends

Exco has increased it’s dividend for the last 11 years, earlier this year they increased it 14% and will now pay $0.08 quarterly. Exco has a low payout ratio of 29% leaving them plenty of room to continue to raise the dividend for the next few years.

Transaction Details

On March 7th, I purchased 100 shares @$12.40 a share. My trading cost was $9.99 so my total cost for the purchase was $1249.99.

Forward Income

This purchase will boost my forward income by $32.

Well there you have it my first stock purchase of the year. So what do you think? Please let me know I always value your opinion and comments. Also please share I always appreciate that.

Thanks for reading

Matthew