3 Recent Buys – BIP, CU, FIH

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A quick update on a couple of recent purchases in my portfolio. For this round, I added to existing positions.

  • First purchase: I added 48 shares of Brookfield Infrastructure Partners (BIP.UN.TO) @ $50.00. There’s been significant pullback lately and after waiting a long time to add more shares in this, I finally got the opportunity. I had a lowball offer sitting open on this company for a while and it was triggered yesterday when the stock fell below $50.00 mark. The stock currently yields close to 5% and is a dividend grower, while providing excellent infrastructure exposure around the world. BIP has a 10-yr dividend growth track record. The 1-, 3-, and 5-yr dividend growth rates are 12.5%, 10.8%, and 11.7% respectively.
  • Second purchase: I added 50 shares of Canadian Utilities (CU.TO) @ $32.92. The utilities sector has been in pressure as the interest rates are rising providing investors with better risk-free return. However, I think this presents a good opportunity to buy companies in this space currently. The current yield is hovering close to 5% and the company has a long track record of increasing dividends year after year. In fact, it occupies the top spot in the Canadian Dividend All Star list, with a 46-yr dividend increase streak.The 1-, 3-, 5- and 10-yr dividend growth rates are 10%, 10.1%, 10.1%, and 8.6% respectively. Not bad at all for a 5% yielder!
  • Third purchase: I added 100 shares of Fairfax India Holdings (FIH.U.TO) @ US$17.20. This was the third iteration of purchasing and I am far from being done accumulating this company. The company provides a great way to invest in India and has plenty of great investments already for a 3 year old holding company. I wrote about this company in the past here. No dividend from this company — the company follows the Berkshire Hathaway model and all funds are reinvested.

Full Disclosure: Long BIP.UN.TO, CU.TO, FIH.U.TO. Our full list of holdings is available here.

9 thoughts on “3 Recent Buys – BIP, CU, FIH

    • Yeah, the valuations are getting more attractive by the day. FY div increases just a bit under CAD$200 converted (BIP pays in US$, but gets converted during payout) from the two stocks BIP & CU here. FIH doesnt pay anything.

      R2R

  1. I can always count on your blog to highlight some purchases from stocks/funds/commodities that I never heard of. I always like to see purchases being made. Congrats on adding to your positions and adding to the utes as they have been under great pressure so far in 2018.

    • Haha…I do go out and pick some weird ones, dont I? 🙂
      Two the picks – CU and BIP are pretty mainstream but the FIH isnt that popular…but I am banking on the growth coming from India over the next couple of decades to propel this investment forward.

      cheers
      R2R

  2. Nuce buys road. I have really been watching fairfax india but the lack of dividend deters me. Great exposure to a changing country. Nice additional buys.

    Curious what accounts are you buying each in?
    Cheers

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