Saturday, August 26, 2017

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

Yesterday August 25, I bought 75 shares of Inter Pipeline Ltd. at CA$ 22.85 per share plus commission.

My overall cost basis of this position decreases from CA$ 26.44 to CA$ 25.63 per share. I totally hold now 325 shares of IPL and my yield on cost is 6.32%. You can look at my first purchase of IPL here.

Details of my purchase:

With current annual dividend (CA$ 1.62), my last purchase 75 shares of IPL increases € 60.80 (CA$ 90.52) of expected annual net dividend income. At today's exchange rate, this purchase will increase my portfolio projected annual net dividend income approximately to € 10,885.00. After this acquisition, IPL's weight of my portfolio is about 1.38% and its share of future annual dividend income is approximately 2.42%. Now I have a full position of IPL, and I do not plan to add it anymore during this year.

Click here to see my portfolio.

Full Disclosure: Long IPL

Thanks for stopping by!

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