Chatter Around the World – 136

Chatter Around the World is a curated weekly update of articles related to economics, investing, dividends and personal finance. In these weekly updates, I also capture my blog updates and news related to my portfolio holdings.

Let’s dive into the links that caught my attention this week.

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Geographical Diversification Of Canadian Banks

The fiscal year for the Big Five Canadian banks ends in October. With the end of the year, and a delay of a few weeks, companies release their annual reports which give investors a clear picture of the overall operations with breakdown in revenue and earnings. This is vital information for long term investors and provides visibility into the operations.

Management may say one thing or another, but the numbers always speak for themselves — and confirms whether management is executing the path that is paved by the ideas generated in order to look for stability and growth. This article will take a look at the state of affairs of the Big Five Canadian banks and their geographical diversification. The five banks take the lion’s share of the Canadian financial markets and also have sizeable operations in U.S. and overseas markets. The data for each of the banks presented below has been extracted for each company’s respective annual reports for the year.

CdnBanks - Geographical Diversification 2015

In addition to the revenue diversification for the year 2015, this article takes a look at the trends of how the geographical diversification changed over a course of past ten years.

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Recent Sell – RioCan REIT

I decided to close my position in RioCan REIT (REI.UN.TO). RioCan is one of the largest real estate investment trusts in Canada and specializes in the retail space. The company owns interest in 340 retail properties in Canada and US, including 15 properties under development.

It has been one of my longest holding – a position that I initiated in April 2009 (right at the bottom of the market during the financial crisis). It was yielding 10% and back then – in my chase for yield, decided to initiate a position. In a matter of months, the stock price doubled and has stagnated since. However, I was able to reap the 10% yield-on-cost month after month. Its a company which has good financials, but shareholders currently get a 5% yield. While that is ample dividend to expect from a stock, the company has failed to raise dividends during good times and my patience has run out.

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Recent Buy – Algonquin Power & Utilities Corp

AQN

Whenever I make a purchase, I like to share my buys to document and illustrate how I am building my income stream over the course of months/years. My main goal is simply to keep investing at regular intervals and build my passive income over the course of time. The market may go up and down depending on a plethora of events, but I look for safe dividends and developing income streams building my own pension.

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Chatter Around the World – 135

Chatter Around the World is a curated weekly update of articles related to economics, investing, dividends and personal finance. In these weekly updates, I also capture my blog updates and news related to my portfolio holdings.

Let’s dive into the links that caught my attention this week.

Continue reading