I continue to make adjustments to my investment strategy in an ongoing journey to create a stable consistent income.
I recently began borrowing money to accumulate quality dividend growth stocks. I believe now is a great time for me to incur debt for a number of reasons: the interest payments are tax deductible; I hold no other debt; and the dividend yield is higher than the cost of borrowing.
I was offered a $20,500 from my bank at an interductory interast rate of 2.99% for one year. I used the line of credit to purchase shares of Fortis Inc (FTS.TO). The following week, I used $25,900 from my margin to purchases shares of Bonterra Energy Corp (BNE.TO). Total = $46,400
To my own amazement, I am very comfortable with my debt.
Listed below is my account activity for the month of April
DIVIDEND INCOME
Company Name Amount of Dividend
Agellan Commercial REIT $167.33
Batex Energy $264.00
Coca-Cola Co. $274.50
Crescent Point Energy $186.99
Gibson Energy $450.00
Inter Pipeline Ltd $108.68
Keyera Corp $123.00
Leisureworld Corp $225.00
NW Healthcare REIT $138.94
Pembina Pipelines $157.08
RioCan REIT $99.99
TD Bank $376.00
Total Dividends $2,571.51
OPTION PREMIUMS
The following is a list of my April option trades.
The premiums are the amounts of cash I received after commissions.
Date Position Premiums
04/01 20P KO June $35 $245.00
04/01 25P PG June $70 $603.34
04/01 10P SBUX June $65 $477.49
04/04 3C CPG July $42 $76.26
04/14 5P CPG May $42 $148.76
04/14 5P FTS Jan/16 $29 $583.76
04/17 25P JNJ June $85 $358.75
04/17 25P XOM June $85 $308.75
04/21 4C EMA June $36 $85.01
04/22 4C BTE Oct $50 $165.01
04/22 3P TRP Jan/16 $44 $616.26
04/24 3P CL Nov $60 $316.25
0/28 5P XOM May 2 $96 $33.75
Total Option Premiums $4,018.39
Interest Charges -$17.24
Total April Income: $6,572.66
Ticker Symbols
* TSX listed stocks and options are listed in Canadian currency and the remainder are listed in US currency (exchange rates may vary)
BTE - Baytex Energy (TSX)
CPG - Crescent Point Energy
EMA - Emera Inc (TSX)
FTS - Fortis Inc (TSX)
JNJ - Johnson & Johnson
KO - Coca-Cola
PG - Proctor & Gamble
SBUX - Starbucks
TRP - TransCanada Corp (TSX)
XOM - Exxon Mobil Corp
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