Given the recent events for which I have provided a high level overview in my Financial Plans Should Account for Potential Major Mental Health Issues post, I have totally neglected this website. Now that matters have improved slightly I will endeavor to resume regular posts. In this regard, I provide an overview of the dividend income generated in the FFJ Portfolio during the month of June 2017. While this portfolio only represents a small component of our overall holdings, I think it is sufficient to demonstrate that a passive dividend income portfolio is:
a wonderful way to enhance your personal net worth;
Welcome to my April 2017 dividend income post. Within the FFJ Portfolio I generated dividends totalling CDN $1933.55 from BCE, SRU.UN and BNS and USD $445.78 (this is net of the 15% US withholding tax) from NKE, WMT, and CSCO.
The following is a report reflecting the monthly and YTD dividend income generated from investments held in the FFJ Portfolio.
I imagine March will be the last month in which we will receive a quarterly dividend from DH Corporation (TSX: DH). On March 13, 2017, DH issued a press release indicating it had entered into definitive agreement to be acquired by Vista Equity Partners. Vista will acquire all the outstanding shares of DH for $25.50/share in cash including the assumption of all debt obligations including the issued convertible debentures, for a total enterprise value of approximately $4.8B. The transaction price represents a premium of about 36% over DH’s closing share price on December 5, 2016, the last trading day before media reports surfaced suggesting the Company was exploring strategic alternatives.
Unfortunately my average cost on the 414 shares in the FFJ Portfolio is $30.84 so I am taking a haircut of about $2200. The silver lining, however, is that we hold 1256 DH shares in another account at an average cost of $18.892. This will result in a gain of about $8300.
Hope your investments aptly rewarded you in March!