Enbridge Income Fund Holdings Stock Purchase

Recent Purchase: Enbridge Income Fund Holdings (ENF)

Purchases

On March 7th, I added 50 shares of Enbridge Income Fund Holdings (TSE: ENF) to The Dividend Beginner’s portfolio. I purchased the shares at $30.01 with a trading cost of $6.95 for a total cost basis of $1,507.45

Enbridge Income Fund Holdings pays a monthly dividend of $0.1555, which adds up to an annual dividend of $1.866. My initial yield on cost works out to 6.22%.

Enbridge Income Fund Holdings adds $93.30 to my annual dividend income, or $7.78 per month. ENF has increased their dividends consecutively for 5 years, off the back of Enbridge (TSE: ENB), who has increased their dividends consecutively for 20+ years.

ENF-LOGO

With the addition of ENF to my stock fleet, I’m closing in very quickly on the minimum $100 monthly dividend payments, and my quarterly payments are now approaching the $200 threshold. And to think, before 2016 I had never received a $100  dividend payment within one month.

Before raise Net Increase After  raise
Annual Dividend Income $1,430.90 $93.30 $1,524.20
Monthly Dividend Income $119.24 $7.78 $127.02
Percentage Increase 6.52%

Dividend Beginner

A 22 year old Canadian dividend growth investor striving for early financial independence; building as many passive income streams as early as possible.
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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.