Recent Buy – Toronto-Dominion Bank

TD Bank

Stop the presses! I made a purchase of a large cap dividend growth stock 🙂

jk…As most readers may be aware, I have been deploying a lot of my capital into precious metal equities (and the regular index fund purchases) lately. Heck, I’ve only had two or three transactions in the past six months where I have bought a dividend growth stock for my portfolio. This is because I see more value and opportunity in the precious metal sector and that has consumed my focus lately. However, about 1/3 of my portfolio is still invested in dividend growth stocks that brings in a sizable amount of passive income each month. This transaction is another move on that front as I saw a good opportunity to add to an existing holding.

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Bank of Montreal Dividend Stock Analysis 2017

BMO

Bank of Montreal (BMO.TO)(BMO) is the fourth largest of the Canadian banks by market cap. The company provides a diversified array of financial services operating via four segments: Canadian P&C, US P&C, BMO Wealth Management, and BMO Capital Markets. BMO is one of the oldest corporations in Canadian history, founded in 1817 and is headquartered in Montreal, Canada.

A Closer Look

The company’s peers include Royal Bank of Canada (RY), Toronto-Dominion Bank (TD), Bank of Nova Scotia (BNS), and Canadian Imperial Bank of Commerce (CM).

The Canadian banks are regarded as some of the safest financial institutions in the world. The companies have a long track record of being conservative and focused on long-term stability and prosperity. Most of these institutions have existed and paid dividends for more than 150 years and make for great core positions in any investor’s portfolio.

Bank of Montreal takes pride in being the first and longest dividend paying corporation in Canadian history. The company was founded in 1817 and recently celebrated the 200th anniversary. BMO is also the first Canadian corporation to ever issue dividends in 1829, an unbroken chain ever since. It is also impressive to note that the company has only reduced its dividends once in 1942. More recently, the company has been expanding overseas and has a sizeable footprint in the US, Europe and Asian markets.

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Recent Buy – B2Gold Corp

Another transaction in my portfolio last week. Gold prices have been taking a hit lately and I see a good buying opportunity, even though I am sitting at full positions in most of my gold equities. However, the valuation looked attractive enough for me to add more and possibly trade around my core position.

Last week I added to my B2Gold Corp (BTG)(BTO.TO) position. In this particular case, I decided to buy the US-listed stock — ticker: BTG; but to keep things simple, I will treat it as the BTO.TO in my portfolio page, as it is the same company. I bought 500 shares of B2Gold (BTG) @ US$2.93.

B2Gold is one of the larger junior mining companies. The Fekola project is arguably one of best gold mines going into production this year — and is slotted to produce upto 50,000 oz of gold to begin with before ramping up next year. For the most part, I think investors are under appreciating the size of this project and the potential of B2Gold. The management is fantastic and has a proven track record of building and producing gold mines in the past. This is the same team the built and sold Bema Gold (that’s where the ‘2’ in B2Gold comes from) to Kinross Gold in 2007 for $3B.

This is my 4th purchase of B2Gold shares (see purchases #1, #2, and #3). I now hold a sizeable position in B2Gold, making it one of my largest holding in the portfolio. Once the share prices recover after this slump in metal prices, I might swing trade a bit or write covered calls to take some profits. But I will not be forcing any moves just for the sake of it. For the long haul, I am happy holding the shares as we are still early in the gold bull market.

Full Disclosure: Long BTO.TO, BTG. Our full list of holdings is available here.

Passive Income Update – Feb 2017

Welcome to our monthly passive income update for February 2017. This is part of the scorecard series where we track our dividends and other sources of passive income. We also include changes and updates related to our investments during the month – showing the overall progress.

Passive Income  Update

Passive income for the month of Feb 2017 was C$740.01. The passive income for the month comprised of US$250.21 and C$406.48 (exchange rate is US$1 = C$1.33).

Passive income change is 38.3% QoQ and 18.05% YoY for the month. The passive income YTD is $1,391.65 and achieves 13.9% of our annual goal of earning $10K.

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Top Dividend Raises & Cuts for February 2017

Dividend growth investing is a popular model followed by the investing community to build assets. Companies which not only pay dividends, but raise them year after year have been shown to perform better overall for investor returns. On the flip side, it is also important to keep an eye on the dividend cuts, which could signal troubling times ahead for a company. This post captures the announcements of changes in dividend amount for the week – both increases and cuts.

Note that only $2B+ (Midcap+) companies are included in this list.

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