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.

 

Looking for feedback on a few stocks!

It feels like forever since I’ve been in a position to make a purchase.  The house sale has officially closed, funds have been transferred, and I have a bit of cash to play around with in one of the TFSA Accounts.

I’ve spent the last couple days narrowing down my potential buy(s).

These are the stocks that have caught my eye:

XTC – Exco Technologies

  • Current Price: $9.93
  • Currently yields 3.22%
  • Trading at almost 30% discount to 52 week high
  • Have consecutively increased dividend 11 times
  • Strong EPS growth

ADW.A- Andrew Peller

  • Current Price: $11.65
  • Currently yields 1.55%
  • Trading at almost 12% discount to 52 week high
  • Have consecutively increased dividend 11 times
  • Payout ratio under 30%
  • Strong earnings growth last 5 years

ATD.B – Alimentation Couche Tard

  • Current Price: $58.69
  • Currently yields 0.61%
  • Trading at 16% discount to 52 week high
  • Low Yield, but have raised it and lots of room to grow it
  • Very low payout ratio
  • Strong earnings growth last 5 years

ITP – Intertape Polymer

  • Current Price: $19.19
  • Currently yields 3.5%
  • Trading at 35% discount to 52 week high
  • Payout ratio creeping up

CAL -Caledonia Mining

  • Current Price: $7.47
  • Currently yields 4.70%
  • Trading at 68% discount to 52 week high
  • Profitable low cost producer
  • Recently moved to NYSE – should get more exposure

 

Just a couple notes:

I’ve had my eye on Andrew Peller,Couche Tard & Exco for some time – they seem to finally be trading at reasonable prices.

I already own some Caledonia, and have been looking for point to increase my position.

I do not know much about ITP – however they kept showing up in my stock screen, so thought I’d dig a bit more into them.

My stocks are purchased via RBC direct investing.  Not all stocks are eligible to be dripped via RBC.  Of the 5 listed above only ATD.B is eligible to DRIP which is fairly annoying.

If you have any thoughts about any of the stocks listed above – I’d love to hear.

 

Thanks