Welcome to February’s edition of more free money from dividend investing.
Before we get started I wanted to share that Maria and I had attended Phil Towns Rule #1 workshop. This was 3 days of jam packed information that has really taught us strategies and rules to follow when researching companies that we would like to own. Part of it is on option trading which were still learning to understand. I would recommend this to any investor looking for a different strategy.
Here are a few pictures of what we have been up to!
Wife and I increasing our financial IQ
Not sure we have enough bubbles
Maria’s birthday party where we attended the escape room and well we ran out of time
A picture of our home tower garden which is part of our home business. Happy to know what were eating!
Now let’s see how the portfolio did
I sold no dividend stocks this month
I made a new position in one company and added to another
New position in high Liner Foods with a purchase of 400 shares in two separate transactions
Who is High Liner Foods:
High Liner Foods is the leading North American processor and marketer of value-added frozen seafood. Our retail branded products are sold throughout the United States, Canada and Mexico under the High Liner, Fisher Boy, Sea Cuisine and C. Wirthy labels, and are available in most grocery and club stores. We also sell branded products under the High Liner, Icelandic Seafood, and FPI labels to restaurants and institutions, and are a major supplier of private-label, value-added, frozen seafood products to North American food retailers and food service distributors.
I have been really searching for a company that I would classify as undervalued and maybe in a bit of a short term jam. This company has had some challenges as of late such as recalls, the redesign to healthier products and under performing management. At the end of 2017 they decided to remove the CEO and bring in Henry Demone who had been there in the past that contributed to their past success. Management has also announced that they will be buying back 150,000 shares over the next year. Based on history this company is definitely undervalued and with the support of their new CEO, healthier options available to consumers and the focus to simplify the business I see a great recovery in the making. This purchase will increase annual dividends by $232.
Added position in ARC Resources with purchasing 100 shares to bring total shares to 169
Who is Arc Resources:
ARC is one of Canada’s leading conventional oil and gas companies with operations focused in the Montney resource play in northeast British Columbia and the Pembina Cardium in Alberta. These high-quality assets provide both stable long-life production and superior growth potential.
Here is a company that was really oversold over the past year. They have some great assets and EPS has nearly doubled year over year. With oil prices starting to stabilize in the $60 range, great natural gas assets and still committed to funding strategic infrastructure at the Sunrise phase 2 gas processing facility I see them having a strong recovery. From February 12-15 insiders within the company have been buying up shares which is always a good thing to see. Adding to the position with ARC increases annual dividends from $41.00 to $101.40.
2016 – 2017 – 2018 Dividends
I’ve decided to include my free trade rebates that I received for referrals and reinvested them instead. February was a slight increase over January ($93.13) as dividends received were $97.74. It was also a huge gain vs. last years February total of $51.22 which is an increase of 90.82%.
Dividends received per stock and if they’re set up within the DRIP program
|February 2018||Dividend Reinvestment Plan|
|Chartwell Retirement Residents||CSH.UN||$6.77||Not enough|
|Cardinal Energy Ltd||CJ.TO||$8.54||Yes|
|Northview Apartment REIT||NVU.UN||$6.79||Not enough|
|Plaza Retail Reit||PLZ.UN||$8.36||Yes|
|Arc Resources Ltd||ARX.TO||$3.45||Not enough|
|Alta Gas Ltd||ALA.TO||$12.23||Not enough|
|Crescent Point Energy Corp||CPG.TO||$1.59||Not enough|
|Enbridge Income Fund Holdings||ENF.TO||$4.71||Not enough|
|Extendicare Inc||EXE.TO||$6.88||Not enough|
|Freehold Royalties Ltd||FRU.TO||$5.70||Not enough|
|Gamehost Inc||GH.TO||$5.18||Not enough|
|Sienna SR Living Inc||SIA.TO||$8.63||Not enough|
|Superior Plus Corp||SPB.TO||$8.22||Not enough|
|Diversified Royalty Corp||DIV.TO||$0.44||Not enough|
|Fee rebates on purchases||Rebate||10.25||N/A|
What could i get for $97.74? Let’s be honest, that amount doesn’t go that far so we will reinvest the dividends received back into the portfolio to assist with our overall goal of living off dividends.
What do you think of my recent purchases?
Looking around I’m having a hard time finding companies that aren’t extremely overvalued, although there is many great companies it’s sometime best to wait for a pullback or even a short term problem that opens up an opportunity to buy a great company at a great price.
Do you feel the same way?
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Thank you for reading
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