Recent Purchase III - April 2016

After selling NOV because they cut their dividend 95% from $0.46 to $0.05, I have been search a stock to replace its place on my fund. I did buy PG on my weekly sharebuilder as replacement to the fund. Yesterday The sale did settle and instead of waiting for my weekly purchase to add new stock I pull my BB Gun and added a new stock Banco Latinoamericano de Exportaciones, S.A. (Bladex) (BLX).

BLX will provide some exposure to Latin America to my fund. it will be the first stock own in my fund outside North America or Europe. I am excite about its future as a dividend growth stock.


Here are some highlights from Quarter 1 (1Q16) From Bladex website:

Bladex’s 1Q16 Net Profit totaled $23.4 million (+1% QoQ, -22% YoY),
as improved Business Profit (1) of $28.1 million (+11% QoQ, +2% YoY)
mainly from higher net interest income (+5% QoQ, +10% YoY), and lower
operating expenses (-6% QoQ and YoY), was partially offset by negative non-core results of $4.7 million in the 1Q16, mostly from the Bank’s participation in the investment funds, terminated as of April 1, 2016.

The Bank’s 1Q16 annualized return on average equity ROAE (3) and Business ROAE (4) reached 9.6% and 11.6%, respectively, compared to 9.5% and 10.4% in the fourth quarter 2015, and to 13.0 and 11.9% a year ago.

As of March 31, 2016, end-of-period and average Commercial Portfolio balances stood at $6.9 billion (-3% QoQ and YoY) and $7.0 billion (-3% QoQ, -2% YoY), respectively, mainly as the result of reducing risk exposures in the Commercial Portfolio.

The most important metrics is:

Quarterly dividend payment: At the Board of Director’s meeting held April 12, 2016, the Bank’s Board approved a quarterly common dividend of .385 per share corresponding to the first
quarter 2016. The dividend will be paid on May 11, 2016, to stockholders registered as of April 25, 2016.

So here is what I purchase April 14, 2016:

BLX $176.35 7 Shares @ $24.20 
The purchase will $10.78 to my yearly forward dividend which now totals: $481.69

what do you think of recent purchase?

I still have CAT, WFC and HCP on my watch list to add to this month but figure was a good time to buy this stock. I may even add OHI to my buy list for this month as its looking attractive now.

Thanks for reading?

Disclaimer: Long on all stocks listed, except for OHI, CAT

Disclaimer: I’m not a licensed investment advisor and not an investment professional. This site is only meant for educational or entertainment purposes only. I’m not liable for any losses suffered as a result. Please consult with an investment or tax professional before investing any of your money 

Recent buy II -April 2016

Recent Buy II
New stocks added to the fund.

This week on my weekly sharebuilder purchase I added one new stock on sharebuilder to bring total to thirty stocks on the fund. I been watching Procter & Gamble Co. (PG) for awhile now it was just the right time for me to initiate a position here I do think I am paying a premium to start but it a gamble on a dividend King and a long history on dividend paying dividend and growth. They did raised dividend this quarter at meager 1% but it's better than cutting dividendi think like NOV just did which I sold Monday morning.

So the capital will be put to better use here. I also added to other stocks which looks very attractive price wise. Without further ado here is this week purchase:

April 12, 2016
PG    $180.00 2.12 shares @ 82.91
HCP $40.00 1.03 shares @ 34.84
WFC $40.00 .76 shares @ 47.22
UNP  $40.00 .45 shares @79.12

This will add $10.22 to my forward yearly dividend for a total of $470.91.
Almost makes up for the cut in dividend on NOV, but it's a start going forward.

Consistently investing in the market with the long term view has its benefits, since passive dividend or income is the best source of income to sustain life in retirement. I believe I am doing that now plant seeds to produce such income.

What do you thing of recent purchases?

What are you buying this month?

Thanks for visiting.

Disclaimer: Long on all stocks listed, except for NOV

Disclaimer: I’m not a licensed investment advisor and not an investment professional. This site is only meant for educational or entertainment purposes only. I’m not liable for any losses suffered as a result. Please consult with an investment or tax professional before investing any of your money

SELL ORDER

Sell order

Well this to me is a no brainer. I really love National Oilwell Varco Inc (NOV). It really hurts a company when it can no longer maintain its dividend or raise its dividend. That is what happened to NOV the company's Board of Directors decided to cut its dividend from $0.46 to $0.05 a 95% cut ouch!

So it no longer fits into my goals of keeping and buying dividend growth stocks. I do think the company will rebound in the future and I will take a look at it them, but for no it no longer retains my admiration so it was time to sell.

April 11, 2016
Sold 6.2565 shares @ 27.522 for $165.24 after commission. The capital will be put to better use. Since I cannot buy lots of share at this point in my investment career.

This will reduce my yearly dividend by $11.50 so forward dividend now stands at $460.69

Just a small setback no biggie deal as far as long term is concerned.

What do you thing of this move? Are you holding on to NOV, if you hold it in your portfolio?

Thanks for reading.

Disclaimer: I’m not a licensed investment advisor and not an investment professional. This site is only meant for educational or entertainment purposes only. I’m not liable for any losses suffered as a result. Please consult with an investment or tax professional before investing any of your money

April 2016 - Watch list

Watch list

New Month new possibilities exists.

After busy last month and a lot going on with other project it will be difficult to duplicate last month purchases. But never say never is the saying. The market has been going on a uphill mode of late and its becoming hard to find bargains. But as a new investor the is value for me to keep adding funds to the market no matter what. I see myself in the accumulation phase at this point in the game. We that said here is what are I am conteplating adding to my retirement fund during the month of April:

PG, BNS, GE, UNP, WFC, HCP, O, UTX and CAT.

On loyal3 account I looking to add to WMT, MCD, LB and VFC

Hope I can find hidden capital somewhere to continue to add to my fund. With the tax deadline looming it can be a difficult month to add capital.

About you what are your priorities this month?

Thanks for reading.

Disclaimer: Long on all stocks listed, except for PG and CAT

Disclaimer: I’m not a licensed investment advisor and not an investment professional. This site is only meant for educational or entertainment purposes only. I’m not liable for any losses suffered as a result. Please consult with an investment or tax professional before investing any of your money

Recent Buy I - April 2016 I

Add shares to my VZ holding

A lot of equities is staring to look overpriced at this point hope there will be a little pull back. In the meantime hope to save some cash and be ready when it does.

So this week I did not want to add anything at all to the market; But there was still $55.00 still seating on my share builder account from transfer from last two weeks. So I put that to work on only of my outperform stocks Verizon (VZ).

I do think it's a little bit overprice at over $54.00 plus but it was work add to dividend since it goes Ex-Dividend tomorrow.

So here is what took place: Buy stock
VZ $55.00
04/05/2016 04:00:00 AM
Quantity: 0.94
Price: $54.08

I added to my shares and add some dividend for this month. Together with AT&T are a moat in the telecommunications industry. This adds $2.12 to my yearly dividend which is now $472.19.

What are your thoughts on recent purchases? What are you buying?

Thanks for reading

Disclaimer: Long on all stocks listed

Disclaimer: I’m not a licensed investment advisor and not an investment professional. This site is only meant for educational or entertainment purposes only. I’m not liable for any losses suffered as a result. Please consult with an investment or tax professional before investing any of your money

Dividend Income - March 2016

It is that time to declare last months dividend income. With the market gyrations the last couple months it's nice to stop and ponder on all the dividend income and reflect on the possibilities for future growth on the dividend front.

So here is my report for month of March 2016:

WFC 0.73
CMI 1.92
AFL 0.68
INTC 0.43
VLO 2.04
LB         0.25
LB         0.84
So         2.73
JNJ         6.8
ADM 2.1
CVX 21
UTX 0.92
XOM 7.43
STAG 0.43
MCD 0.7
K          0.58
PBA 0.31
VFC 0.65
NOV 2.84
RDS.A 5.64
UNP 1.21
LTC       0.9
DLR.     2.07


Total 63.2

Wow 22 companies paid me dividend albeit small amounts. The goal will be to grow this dividend going forward to reach double digits by year end. Not bad for first year of dividend growth focus.

Since I reinvest all dividends at this point in the game, this months added another $2.50 to my forward yearly dividend. The total now stands at $470.07

How did you do last month? What are your goals?

Thanks for reading

Disclaimer: Long on all stocks listed

Disclaimer: I’m not a licensed investment advisor and not an investment professional. This site is only meant for educational or entertainment purposes only. I’m not liable for any losses suffered as a result. Please consult with an investment or tax professional before investing any of your money

Recent Purchase VII - March 2016

New Purchase - BNS


It was busy month of March. I was able to add few more stocks to my collection of funds which are now part of my retirement fund. Currently there are 39  amazing companies which will be paying me dividend for the foreseeable future. I plan on growing amount of shares on this companies to the point where they will cover all my expenses one day.

the latest company add to the fund was a company whose been paying dividend probably for longer than anyone on this planet has live.

I talk about adding finance companies to my fund on recent post. it has been a beaten down sector and there are some value here for long term play.

without further ado here is what I was able to add; finally since it has been on my watch list for awhile now.

Bank of Nova Scotia (BNS) or Scotia bank.

March 29, 2016

BNS $120 2.44 Shares @ 47.41


Total purchase will add $5.41 to my dividend and a total of $467.57 forward in dividend income.

BNS is the third largest bank in Canada by deposits and market capitalization. It serves more than 23 million customers in over 55 countries around the world and offers a range of products and services including personal and commercial banking, wealth management, corporate and investment banking. With assets of $856.5 billion.



BNS recent quarter highlights:

 

• Net income of $1.8 billion
• EPS of 1.43 per share
• ROE of 13.8%
• Revenue Growth of 9 % of YoY (year over year)
• Dividend Increased by .02 to .72 Canadian Dollar

Dividend payout is about 50% with room for future growth. Canadian dollar is down some 20% this year compared to the US dollar. I don't see it as a major problem for this bank, a lot of their exposure is in the international which makes it a diversified North American bank in my opinion.

Morningstar rates it a four start out of five. Its Quantitative fair value is at $54.00 a share with a fair value of $58.00 a share. the Street rates fair value at $57.54.

All in all a fair value to start purchasing this moat company.

 What are your thoughts on recent purchases?

What are you buying?

Thanks for reading

Disclaimer: Long on all stocks listed

Disclaimer: I’m not a licensed investment advisor and not an investment professional. This site is only meant for educational or entertainment purposes only. I’m not liable for any losses suffered as a result. Please consult with an investment or tax professional before investing any of your money