Friday, 2 May 2014

April Account Activity

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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