Mar 6, 2016

6 Recent Buys - AGU, AQN, BNS, RCI.B, GIS, MDT

Looks like the stock market is calming down after wild swings in January and February. S&P 500 is heading back towards numbers beginning with 2. In fact it sits now at 1999.99. Of course all this calming down could be over next week. Anyways, I have made several purchases again. I have added more shares to my positions in Agrium Inc (AGU.TO), Algonquin Power & Utilities (AQN.TO), Bank of Nova Scotia (BNS.TO), Rogers Communications Inc (RCI.B.TO), General Mills Inc (GIS) and Medtronic plc (MDT).

Buy in CAD - Agrium Inc (AGU.TO)
Trade Price: 116.95
Shares: 1
Commission: 1.00
Total: 117.95
Sector: Basic Materials - Agricultural Chemicals
Yield: 4,0%
Payout Ratio: 50%
Dividend Increase Streak Years: 5
Annualized Dividend Growth 3-yr: 50,4%
P/E: 13,0
S&P Credit Rating: BBB

Buy in CAD - Algonquin Power & Utilities (AQN.TO)
Trade Price: 10.38
Shares: 10
Commission: 1.03
Total: 104.83
Sector: Utilities - Diversified
Yield: 4,8%
Payout Ratio: 132%
Dividend Increase Streak Years: 5
Annualized Dividend Growth 3-yr: 8,4%
P/E: 25,3
S&P Credit Rating: BBB

Buy in CAD - Bank of Nova Scotia (BNS.TO)
Trade Price: 56.95
Shares: 3
Commission: 1.01
Total: 171.86
Sector: Financial - Banking
Yield: 5,0%
Payout Ratio: 53%
Dividend Increase Streak Years: 5
Annualized Dividend Growth 3-yr: 6,3%
P/E: 10,0
S&P Credit Rating: A+

Buy in CAD - Rogers Communications Inc (RCI.B.TO)
Trade Price: 49.90
Shares: 2
Commission: 1.01
Total: 100.81
Sector: Technology - Telecom Services
Yield: 3,8%
Payout Ratio: 72%
Dividend Increase Streak Years: 11
Annualized Dividend Growth 3-yr: 6,7%
P/E: 18,6
S&P Credit Rating: BBB+

Buy in USD - General Mills Inc (GIS)
Trade Price: 58.90
Shares: 2
Commission: 0.35
Total: 118.15
Sector: Consumer Staples - Processed & Packaged Goods
Yield: 3,0%
Payout Ratio: 73%
Dividend Increase Streak Years: 12
Annualized Dividend Growth 3-yr: 10,9%
P/E: 24,3
S&P Credit Rating: BBB+

Buy in USD - Medtronic plc (MDT)
Trade Price: 73.75
Shares: 4
Commission: 0.35
Total: 295.35
Sector: Healthcare - Medical Appliances & Equipment
Yield: 2,1%
Payout Ratio: 79%
Dividend Increase Streak Years: 38
Annualized Dividend Growth 3-yr: 10,7%
P/E: 42,1
S&P Credit Rating: A

All these 4 Canadian companies pay in April, so it was time to load more shares. Scotiabank jumped after earnings release and dividend raise. I was a little bit late with my buy, but still got a fairly good price IMO. Agrium and Algonquin keep chugging along. Buying more every quarter. I gotta say that Rogers let me down a bit. They didn't increase dividend for April payment, but are focusing more on paying down debt. Good for the company most likely, but that makes me thinking. Should I invest my hard earned cash elsewhere; in a company which has debt better under control and is able to deliver dividend increases on schedule? Well, I'm still long RCI.B, but watching.

Just initiated position in Medtronic and now bought some more. Then to wait what my dividend withhold % will be. General Mills, not really a bargain here. Too bad that there doesn't seem to be bargains in the whole consumer staples sector. So, sometimes you just have to pay what Mr. Market asks, I guess. Hopefully GIS will declare dividend raise soon. That would ease the pain for sure.

Thanks for reading. My Portfolio page has been updated to reflect these trades.

Disclosure: Long AGU.TO, AQN.TO, BNS.TO, RCI.B.TO, GIS, MDT

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