Happy New Year!
Today I made my first purchase of the year. Twenty-three shares of Emera (EMA.TO) in my TFSA. The annual dividend is $2.26 per share, with a yield of 4.79%. This will hopefully increase my annual dividends by $51.98. The commission was just over $5 keeping my fee goal well below 2%, and my total monthly purchase was above $1000. So far, this year is off to a good start.
For the most part, I am comfortable with energy stocks. I was also eyeing TransAlta Renewables and Inter Pipelines. TransAlta Renewables have increased their dividend 5 years in a row, however, I need to do more research into them and their parent company.
If I come into more cash this month, I will probably beef up my BCE shares. Next month, I will take a closer look at some of the financial companies.
Is Emera apart of your portfolio? What stocks are you looking to purchase this coming year?