HSE- Husky Energy
TRP- TransCanada Corp
QCOM - Qualcomm
RY - Royal Bank
CPG - Crescent Point energy
IDV - Ishares international Select Dividend ETF
REI.UN Rio Can (Reduced position)
Opened a new position in Qualcomm. I like how they are valued right now and their long term prospects. They have a 2.19% yield , 35% payout ratio and dividend growth of 11 years.
Bought two small opening positions of HSE and TRP. Both Canadian energy stocks. Also added to my position of Royal Bank , Crescent Point Energy and a international dividend etf.
Sold off very small piece of Rio Can so whole trade would fit in my registered accounts. Unfortunately sold Chevron but my Canada energy plays kinda offset it since its in the same sector.
These moves put me up to $15,591 a year in forward dividends at an average of $1299 a month
|TRP||TransCanada Corporation Common||51.63||23.09||3.80||2.17||1.77|
|HSE.TO||Husky Energy Inc||33.06||16.53||3.63||1.97||1.20|
Other Stock News
Looks like my big Apple bet is going to pay off (Info Link). I expect for my 1000 share position to get called at $99 on August 29th. If all goes according to plan I will walk away with a bit over $5,000. This still leave me with a 600 share apple holding in my registered account which I am letting it ride out a bit. Needless to say its been having some great gains.
I have also bounced around an idea in my head. Buying high yield REITs on margin. Basically I would grab a few high yield Canadian REITs 6%+ and buy them on my margin account at 3% interest. Thus pocketing the difference of 3%+. There is quite a bit of risk involved as REITs could tank or margin interest rates rise affecting the Reits yield. Or the Reits can continue their rebound from 2013 levels and rise further. I have lots of margin room and not worried about markets tanking and getting hit with a margin call. Its a good short term outlook but I cant say its a good long term strategy which I am researching the pros and cons.
In theory I could buy 150k of Reits on margin with a projected yield of 6.5% and after paying 3% margin rate I would be left with 3.5% which is $5250 a year or $437 a month. It is a move I am seriously considering but I am still tentative on it. I will make the desicion in the next couple weeks and watch the REIT market closely.
Let me know what you guys think of my buys or my crazy new strategy idea? If you hate it let me know and why!