Wednesday, March 15, 2017

Recent Buy - Inter Pipeline Ltd. (TSE:IPL)

On Tuesday March 14, I bought 50 shares of Inter Pipeline Ltd. at CA$ 27.63 per share plus commission.

My overall cost basis of this position increases from CA$ 26.12 to CA$ 26.44 per share. I totally hold now 250 shares of IPL and my yield on cost is 6.13%. You can look at my first purchase of IPL here.


Details of my purchase: 

With current annual dividend (CA$ 1.62), my last purchase 50 shares of IPL increases € 42.20 (CA$ 60.35) of expected annual net dividend income. At today's exchange rate, this purchase will increase my portfolio projected annual net dividend income approximately to € 10,820.00. After this acquisition, IPL's weight of my portfolio is about 1.30% and its share of future annual dividend income is approximately 1.95%. I'm planning to make one more purchase, during the first half of the year, if the price remains at these levels or goes lower.

Click here to see my portfolio.

Full Disclosure: Long IPL

Thanks for stopping by!

1 comment:

  1. Nice purchase, DH. IPL popped up again on my screen as something that I should potentially add to. Will take a closer look at valuations again.