Crescent Point Energy (CPG), a company where I initiated a position on September 6, 2014 has been really weak falling more than 10% this month alone. Here's the scary chart.
(Click on image to enlarge)
And here goes my money! Today I bought 39 additional shares at $39.40. The initial purchase earlier this month was for 35 shares at a price of $43.23. I now own 74 shares at an average cost of $42.2115 which produce $204.24 a year in the form of dividends.
Today I also increased my position in Telus Corporation by purchasing 38 shares at $39.40. Telus has been a nice investment so far. I initiated a position on October 3, 2013 when I bought 45 shares at $33.60. Almost a year later Telus is priced at $39.40 (a +17.26% return in terms of capital appreciation). In addition to that, along the way Telus has paid me dividends 3 times, increasing the total return to +20.54%. Great year for Telus shareholders! The fourth dividend payment is due next week. With my new purchase I now own 83 shares of Telus.
My projected yearly income from dividends alone is now $1329.86 CAD plus $409.28 USD. Not too shabby.
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