New Stock Purchase: Brookfield Infrastructure

Brookfield Infrastructure Partners owns and operates a global network of infrastructure companies in utilities, transportation, energy and communications infrastructure. It invests in transmission and telecommunication lines, toll roads, ports and pipelines.

I’m a big fan of Brookfield company and its subsidiaries such as Real Estate, Renewable Power, Infrastructure, and Private Equity. I already have a big position in their Real Estate portfolio and now it’s time to build a big position in their Infrastructure assets. Eventually, I want to be invested in all four subsidiaries.

Stock Sale: Morneau Shepell (MSI.TO)

Hey guys, just a quick update on the recent stock sale. This is my first sale of 2019. Those who follow me, know that I usually don’t sell stocks. I’m a buy-and-hold kind of guy. Anyway, today I sold my shares of Morneau Shepell, ticker MSI.TO. Morneau Shepell is an HR services company. They mainly provide consulting and employee well-being services. I sold the stock for the numerous of reasons that I will list below. 

Reasons for sale:

• The stock trades at historically high P/E Ratio and P/B Ratio
• They did not raise a dividend in a very long time
• The dividend yield became too low to hold the stock
• Profit margins are dropping from year to year
• I have better investment opportunities in mind

Portfolio Value Update - April 2019

Portfolio Value 
In April my portfolio value decreased by $25 to $72,246. It’s still pretty high considering that my portfolio value was about $60,000 in the end of 2018. Since the beginning of this year, I added $2,300 of new money through contributions and $1,300 through dividends. The rest of the value increase came from stocks appreciation.


Dividends
Dividends received in April 2019: $333.64
Dividends received in March 2018: $255.89
Year-Over-Year Dividend Growth: $77.75 or 30%
Year-To-Date Dividend Income: $1,305.16

Dividends received in 2019 was $333.64. Still a solid year-over-year growth of 30%, so no complaints here. New monthly stock purchases and dividend increases helped me achieve the 30% growth. Year-to-date dividend income surpassed $1,300 which is enough to cover one month of my condo expenses.

New Stock Purchase: Morguard REIT (MRT.UN.TO)

Bonjour! Welcome back to the blog! This post will be short. Just a follow up on my monthly stock purchase. Today I bought Morguard REIT; the most discounted REIT in Canada. If you recall, last month I wrote a post about the cheapest REIT in Canada. Since I have a small position in that stock, I thought it would be the perfect opportunity to add more shares while the price is still depressed.

Stock Purchase

Today I bought 70 shares of MRT.UN.TO for $12.40 per share. Now I have 210 shares of Morguard at an average cost of $13.50. The company pays 8 cents per share so the new purchase will boost my monthly dividend income by $5.60. Let me know what you think about Morguard. 

Two Canadian Companies Chasing the “$100 per Share”

In today’s post I would like to write about two Canadian companies chasing the $100 per share. Both companies trade on the Toronto Stock Exchange and both companies have exciting growth opportunities for decades to come. Most Canadian investors are familiar with those companies and probably use their services on regular basis. The companies in focus are Couche-Tard and Restaurant Brands International. There are both trending towards a $100 per share, is just of matter of time. 

Alimentation Couche-Tard (TSX : ATD.A.TO / ATD.B.TO)
Couche-Tard is a Canadian multinational operator of convenience stores and fuel stations. The company has 15,000 stores across Canada, US, Europe, Mexico, Japan, China and Indonesia. The company operates its corporate stores under mainly Couche-Tard, Mac's, Circle K, On the Run and also under the affiliated brands 7-jours, Dairy Mart, Daisy Mart and Winks.


Here’s why the stock will continue to climb higher:

• Global expansion of convenience stores
• Pot Shop partnership with world’s biggest pot company Canopy Growth
• Implementation of electric cars charging stations