Month: January 2016

January Stock Market Review

Weekly Market Review (Jan 25 – 29)

Review

Welcome to the Dividend Beginner’s Weekly Stock Market Review, where you readers can see all of my new blog posts at a glance and decide which ones peak your interest for further reading.

You can also browse through the list of blog posts written by my fellow investors around the finance blogosphere. I also took the time to mark down all the interesting articles related to finance, investing and economics for my readers. So go make yourself a nice warm cup of coffee and get to reading, learning, and making money!

Dividend Beginner’s Posts

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Purchased Royal Bank of Canada stock

Recent Purchase: Royal Bank of Canada (RY)

Purchases

On January 20th, I purchased 25 shares of Royal Bank of Canada (TSE: RY) at $65.40, with a trading cost of $6.95 for a total investment of $1,641.95. RY pays an annual dividend of $3.16, so my yield-on-cost is an abundant 4.83%. This is a great, juicy dividend yield for such a high quality stock. I hope RY drops further and I can pick up more shares at a cheaper price. Though, since purchasing RY (seven market days ago), shares have shot up 8.18%.

My 25 new shares of RY contribute $79.00 to my 12-month forward dividend income, averaged out to an increase of $6.58 per month. Considering Whitecap Resources just cut their dividend by 40%, and Pengrowth Energy just suspended their dividend, my 12-month forward dividend income is now $1,264.60, averaged out to$105.38 per month. The small climbs add up, it’s only January and my monthly dividend income is inching it’s way to $150 per month. I also don’t account for currency fluctuations when calculating my 12-month forward dividend income, despite having dividends from three companies (Goldcorp, W.W. Grainger, Wal-Mart) being paid in US dollars. 

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Bank of Canada on the Global Economy

Bank of Canada on The Global Economy

Economy

 

Projections for global economic growth

While reading the Monetary Policy Report for January 2016 by the Bank of Canada, I figured that there was definitely some information on the pages which could help the average retail investor and better position them for decision making going into 2016. In this post I’ll go over what the Bank of Canada has to say about the Global Economy as a whole, and I will later release a second post containing the excerpts I found useful concerning specifically the Canadian Economy, for my fellow Canadian dividend growth investors.

After my highlighted excerpts,  I will add my own little take on some of the information and briefly mention which stocks are of interest concerning the information consumed.

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Metro Inc dividend stock analysis

Dividend Stock Analysis: Metro (TSE: MRU)

Stock Analysis

With annual sales of over $12 billion and over 65,000 employees, METRO is a leader in food and pharmaceutical distribution in Québec and Ontario, where it operates or supplies a network of 590 food stores under several banners including Metro, Metro Plus, Super C, Food Basics, Adonis and Première Moisson, as well as 254 drugstores under the Brunet, Metro Pharmacy and Drug Basics banners.

Metro Inc Retail Network
Metro Inc Retail Network

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stock market end of week review

End of Week Review (Jan 17-22)

Review

Welcome to the Dividend Beginner’s end of week review; a lot happened this week so I’d like to summarize. I’m not certain if this will be an ongoing thing, and it will probably be subject to how involved I am in the market on a week-to-week basis and depending on how much time I have to write. I’ve been pretty lucky so far in January to have a decent amount of time to do some in-depth research and to write. Hopefully this continues through 2016 and we can grow the Dividend Beginner community!

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Pengrowth Energy suspends dividend

Dividend Cut: Pengrowth Energy Corp. (PGF)

Dividend Raises

On January 20th, Pengrowth Energy Corp. (TSE: PGF) announced it would suspend it’s dividend for the first quarter of 2016, and the Board will review the dividend on a per-quarter basis going forward. I’m not surprised at all, PGF has been hit extremely hard and even just got fined $250K over an Alberta oil pipeline breach. That cash would go a long way in paying off their debts considering the company appears to be under extreme stress.

My 12-month forward dividend income generated from PGF has been reduced by $7.80 if they do not pay a dividend for the next three quarters (I don’t expect them to, and would rather they focus on paying down debt with the dividend cash), this averages out to a monthly loss of $0.65. 

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Whitecap Resources Dividend Cut

Dividend Cut: Whitecap Resources (TSE: WCP)

Dividend Raises

On January 20th, Whitecap Resources (TSE: WCP) announced a monthly dividend cut by 40% to $0.0375 per share ($0.45 per share annually) from the current dividend level of $0.0625 per share ($0.75 per share annually) commencing with the February dividend payable on March 15, 2016.

My 12-month forward dividend income generated from WCP has been reduced from $90.00 to $54.00, averaged out to a $3 loss in monthly dividend income.

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Alaris Royalty

Recent Purchase: Alaris Royalty (TSE: AD)

Purchases

On January 15th, I purchased 60 shares of Alaris Royalty (TSE: AD) at $22.00, with a trading cost of $6.95 for a total investment of $1, 326.95. This is the second time I purchased shares in AD, I previously bought 60 shares in November at $24.80. I’ve doubled my position in AD, and reduced my average share purchase price to $23.40 a share. My new shares of AD have increased my 12-month forward dividend income by $97.20. This puts my 12-month forward dividend income at $1,221.36… And you know what that means? The Dividend Beginner now earns an average monthly dividend income of $101.78! Finally, I’ve surpassed the average of $100 a month in dividend income. This is an incredible milestone and I am very pleased with myself. 

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Goals for 2016

Goals for 2016

GoalsPersonalRetirementSide Hustle

I make New Year’s Resolutions every year without fail. Goal setting has always been a very important part of my life, and I find it very enjoyable to be striving towards being a better person in all areas of my life, and then reflecting on it by the year’s end. I’ll start off by explaining how I set my goals at the beginning of every year to make sure that I can get by easier than one might expect, then move on to my financial and personal goals for 2016. I know a prosperous year awaits us.

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Toronto-Dominion Bank (TD) vs Royal Bank of Canada (RY)

Toronto-Dominion Bank (TD) vs Royal Bank of Canada (RY)

Stock Analysis

For a very long time I’ve known that both Toronto-Dominion Bank and Royal Bank of Canada are fantastic TSE-listed stocks to own. There are TD branches all around the area that I live, not so many RBCs. However, RBC is actually the largest Canadian company, with a market cap of $104.80 billion. TD does not trail too far behind in this respect though, with a market cap of $94.76 billion.

After purchasing shares in Canadian Western Bank (CWB), I wanted to venture forward and check out a couple more Canadian banks in a little bit more detail than was present in my January 2016 Stock Watch list, which included all Five Big Canadian banks, and CWB (the 7th largest) among other great companies that have kept my eye.

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Disclaimer

My publishings on dividendbeginner.com references an opinion and is for information or entertainment purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice. I am not responsible for any decisions you make concerning finances, taxes, or investments. You must perform your own research and always take caution when extending capital.