Sep 10, 2017

5 Recent Buys - AQN, BNS, ES, KMB, XEL

In the beginning of a new month I went shopping again. Stock market shopping that is. I bought more shares to my existing positions at Algonquin Power & Utilities Corp (AQN.TO), The Bank of Nova Scotia (BNS.TO), Eversource Energy (ES), Kimberly-Clark Corp (KMB) and Xcel Energy Inc (XEL). And here are the details...


Buy in CAD - Algonquin Power & Utilities Corp (AQN.TO)
Trade Price: 13.44
Shares: 5
Commission: 1.01
Total: 68.21
Sector: Utilities - Electric/Gas/Water
Yield: 4,2%
Payout Ratio: 212%
Dividend Increase Streak Years: 6
Annualized Dividend Growth 3-yr: 7,6%
P/E: 61,1
S&P Credit Rating: BBB

Buy in CAD - The Bank of Nova Scotia (BNS.TO)
Trade Price: 77.47
Shares: 1
Commission: 1.00
Total: 78.47
Sector: Financial - Banking
Yield: 4,1%
Payout Ratio: 49%
Dividend Increase Streak Years: 6
Annualized Dividend Growth 3-yr: 6,4%
P/E: 12,1
S&P Credit Rating: A+

Buy in USD - Eversource Energy (ES)
Trade Price: 62.50
Shares: 1
Commission: 0.35
Total: 62.85
Sector: Utilities - Electric/Gas
Yield: 3,0%
Payout Ratio: 61%
Dividend Increase Streak Years: 19
Annualized Dividend Growth 3-yr: 6,6%
P/E: 20,2
S&P Credit Rating: A

Buy in USD - Kimberly-Clark Corporation (KMB)
Trade Price: 122.76
Shares: 1
Commission: 0.35
Total: 123.11
Sector: Consumers - Personal Products
Yield: 3,2%
Payout Ratio: 65%
Dividend Increase Streak Years: 45
Annualized Dividend Growth 3-yr: 6,2%
P/E: 20,5
S&P Credit Rating: A

Buy in USD - Xcel Energy Inc (XEL)
Trade Price: 49.25
Shares: 2
Commission: 0.35
Total: 98.85
Sector: Utilities - Electric/Gas
Yield: 2,9%
Payout Ratio: 64%
Dividend Increase Streak Years: 14
Annualized Dividend Growth 3-yr: 6,8%
P/E: 21,8
S&P Credit Rating: A-

There! That was a utility oriented buying tour. I see it clearly now. But that's okay. They fit well my strategy. I would like to add to my portfolio a pure play water utility too, but they tend to be pricey, very pricey. So, it was a nice surprise to see that ES is entering water business by acquiring Aquarion Water Company. Interesting to see how that pans out. And AQN.TO is already involved in water business, so I'm not very actively looking for water utilities any more. 

ES purchase is the final little push to my September dividend total, while the rest contribute to my October dividends.

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

Disclosure: Long AQN.TO, BNS.TO, ES, KMB, XEL

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