Recent Buy – Chorus Aviation.

I’ve been on a roll this week.  After no purchases in a couple of months – today I made my 3rd purchase in the last 2 days.

I picked up 268 shares of Chorus Aviation for 8.76.  Chorus is one of those reasonably priced, profitable companies with a monthly dividend that yields over 5%.  Even better RBC direct investing allows this one to drip – so even though I was only able to sccop up 268 shares I should be Dripping an extra share each month as well.

Chorus recently renewed a deal with Air Canada and although it will result in slightly less revenue per year – it guarantees them solid revenue until 2025. They have also expanded  their aircraft leasing side of the business which should start generating more revenue. The dividend looks to be well covered by earnings as well.

I don’t foresee any other purchases for the next couple months (aside from the bi-weekly purchases into my funds).  My portfolio now consists of 11 individual stocks -all Canadian and all owned in my TFSA & 5 funds (held in RRSP).

Updated holdings:

Alimentation Couche Tard

Chorus Aviation INC

Intertape Polymer Group

Algonquin Power

Caledonia Mining

Canadian Western Bank

Diversified Royalty

Nutritional High

Lucara Diamond

Artis REIT

Plaza REIT

US INDEX FUND (RRSP)

RBC CANADIAN EQUITY INCOME FUND (RRSP)

RBC Global Dividend Growth FUND (RRSP)

GWL Advanced ContinuumFUND (RRSP)

GWL Aggressive Continuum FUND (RRSP)

 

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