Buy in CAD - Enbridge Inc (ENB.TO)
Trade Price: 56.90
Sector: Energy - Oil & Gas Pipelines
Payout Ratio: 78%
Dividend Increase Streak Years:19
DGR 3-yr: 12,6
P/E (current/Q2 earnings): 23,3
Looks like here is my energy bet for August. There is a lot of tempting value in energy companies, but I'm hesitant to invest there. Pipelines however are less impacted by oil prices, and I also like that ENB brings geographical diversification and renewable energy exposure to my portfolio. I had only small starting position in ENB, so it was natural to add more shares. I'm looking to buy more during this year if price stays at these levels or lower.
Buy in USD - Gilead Sciences Inc (GILD)
Sector: Healthcare - Biotechnology
Payout Ratio: 14%
Dividend Increase Streak Years:0
DGR 3-yr: 0
P/E trailing 12-month: 12,1
Kind of surprising purchase here. My lowest entry yield ever. Also GILD lacks track record when it comes to dividend increases, since it has declared only two dividends so far. But then about everything else about the company looks very good. Many analysts and commentators have praised Gilead's strong Q2 results. Still the share price hasn't taken off, which is great. My portfolio has been lacking low yield-high growth kind of stocks. I'm definitely expecting GILD to be one. I'm looking to buy more shares soon.
Buy in USD - Unilever NV (UN)
Trade Price: 45.44
Sector: Consumer Staples - Personal Products
Payout Ratio: 69%
Dividend Increase Streak Years: 0
DGR 3-yr: 0
P/E trailing 12-month: 20,2
Unilever is a company which I would like to see as my core holding, but that valuation is killing me! Well, a typical consumer staples stock in that sense. At these prices I was able to pull the trigger for only two additional shares, making UN a lower middle-class stock within my portfolio. That's far from where I would like it to be. Since my purchase the price has come down a bit so I'm eyeing for more shares, but I think that I won't have capital for this very soon.
Buy in USD - Main Street Capital (MAIN)
Trade Price: 29.95
Sector: Financial - BDC
Payout Ratio: 93%
Dividend Increase Streak Years: 5
DGR 3-yr: 8,5
P/E trailing 12-month:11,5
I would say that I'm not a big fan of BDC companies in general. Their business model is perhaps a bit beyond my understanding. But MAIN has been an excellent dividend payer for me. Yield is high already, and recently they announced 2,85% increase to their regular monthly dividend. Since the share price responded with a decline, I decided that I want more. I didn't have many dollars left at my account so this is a tiny buy, but every little bit helps. I 'm rather pleased now with my number of MAIN shares, so probably I won't add any time soon.
My Portfolio page has been updated to reflect these trades.
Disclosure: Long ENB.TO, GILD, UN, MAIN.