Coming up with how much of your stock costs can be covered by the dividend is not as straight forward as I initially thought I would be. The problem is that for a lot of stocks there is just not one purchase date and no further action. Some stocks I bought over time. Some stocks I sold part of my holdings and often because the stock value grew so that it was too large a portion of my portfolio. Some stocks had spin offs.
Here are the initial results. I hope to look at all my stocks this way.
|Name||Sym||DPS||% Pd||Yrs H|
|Ag Growth International||AFN||$6.40||18.2%||2.85|
|Bank of Montreal||BMO||$51.73||710.6%||30.91|
|Barclays PLC (UK£, US$)||BCS||$19.00||72.0%||14.48|
|Barrick Gold Corp.||ABX||$0.41||2.2%||0.95|
|Canadian National Railway||CNR||$4.80||25.7%||9.15|
|Computer Modelling Group Ltd||CMG||$1.58||50.0%||6.14|
|Progressive Waste Solutions||BIN||$3.42||13.7%||6.80|
The Titles I used have means as follows: DPS = Dividends per Share paid % Pd = Percentage of share cost paid by dividends Yrs H = number of years I have held shares to 2 decimals.
Trying to figure out what dividends I got from BCE is certainly not straight forward. I sold off some of my stock in 2005 and there were two spin off stocks of Nortel and Bell Aliant. I took into consideration the dividends from Nortel and Bell Aliant, but not what I got for Nortel and Bell Aliant stock I sold.
If for the first BCE stock, I included the price I got for selling the stock, as this stock was a spin off and could be considered like a dividend, the DPS comes to $66.75 and the % paid by dividends would be 423.02%. There is a bigger difference in my second set of BCE stock if I include the price for the spin off stock I sold. This is because for this second set of BCE stock, I sold Nortel shortly after receiving it as I had too much Nortel stock. In this case the DPS would be $171.24 and the % paid by dividends would be 471.81%.
Some stock has done better than others. Look at the figures for CNR. I have held that for 9 years and dividends have paid for 25.7% of my stock's price. For CMG, I have held this for only 6 years and dividends have paid for 50% of my stock's price.
On my other blog I am today writing about High Liner Foods (TSX-HLF, OTC-HLNFF) ... continue...
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