A quick update on three recent purchases in my portfolio. No new companies in the portfolio in this edition, but continued adding to my existing positions where I saw relatively good valuation.
- First purchase: I added to my position in Brookfield Asset Management (BAM.A.TO) @ CAD$63.70. BAM continues to acquire high quality assets all around the world and is arguably the best alternate asset manager in the world. The stock yields 1.32% and adds US$32.00 in annual dividends.
- Second purchase: I added to my position in Brookfield Infrastructure Partners LP (BIP.UN.TO) @ CAD$57.10. The stock yields 4.6% and adds US$100.50 in annual dividends.
- Third purchase: I added to my position in Canadian Utilities (CU.TO) @ $35.95. CU currently yields 4.7% and this purchase adds a further $169.00 in annual dividends.
What are you thoughts on the purchases above. Leave a comment below.
Full Disclosure: Long all stocks mentioned. Our full list of holdings is available here.