Recent Buy(s). Alimentation Couche-Tard & Intertape Polymer Group

I did a customized stock screen last week where I looked at companies with a history of paying/increasing dividends, strong EPS growth and trading at reasonable P/E.  My last post highlighted some of the companies I was torn between and finally today I pulled the trigger on two of them.

Alimentation Couche-Tard  (ATD.B)

I’ve had my eye on Couche-Tard for over a year now, and with the recent price pull back – coupled with the fact I had some cash on hand I figured I had to jump in.  I scooped up 125 shares @ $59.00 each.  Although the dividend only yields 0.61% I think the long term capital growth potential and dividend growth potential will keep me happy for years to come.  I am hopeful they will get into the soon to be legal Marijuana business as well.

The addition of these shares will boost my dividend income by $45.00

Intertape Polymer Group (ITP)

This was a stock I didn’t know much about a couple of weeks ago – but it showed up on my stock screen and after doing a bit more research I thought the price was too good to pass up.  The business itself is boring, but it has paid and increased the dividend for over 5 years (yields 3.5%)in US dollars, has increased earnings year over year and was trading at a 30% discount to the 52 week high.  I purchased 275 shares @ 19.08.

The addition of these shares will boost my dividend income by $192.50 (at current exchange rate).

Both purchases were made in our TFSA so all gains & dividends will be tax free.

I am still keeping my eye on Andrew Peller & Exco Technologies.  Hopefully the next time I have some cash on the sideline they are in my buy range.

 

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