Hello everyone, we were very busy buying for the month of August. Since last month, we started to add more growth stocks to our portfolio. We wanted to bring our ratio 80/20 between dividend and growth stocks. In addition, we continued to purchase a share of Shopify.
The total 9 transactions were made for the month of August. We have deployed $26,818 for these transactions. Only $6085 .36 were used to purchase dividend stocks to increase our annual dividend come by $167. 46. The rest of the money were deployed to buy growth stocks. See the list below for all transactions were made in August:
| Date | Number of Share | Ticker | Amount | Dividend |
|---|---|---|---|---|
|
August 04/2020 |
22 |
TSE:WCN |
$2992.88 |
$21.78 |
|
August 04/2020 |
1 |
TSE:SHOP |
$1434.99 |
|
|
August 04/2020 |
28 |
TSE:BNS |
$1563.99 |
$100.80 |
|
Aug 13/2020 |
11 |
PEP |
$1528.49 |
$44.88 |
|
Aug 13/2020 |
100 |
NET |
$3684.95 |
|
|
August 13,2020 |
500 |
JMIA |
$8519.85 |
|
|
August 17/2020 |
100 |
JMIA |
$1230.00 |
|
|
August 19/2020 |
600 |
TSE:WELL |
$3108.00 |
|
|
August 26/2020 |
100 |
RKT |
$2754.96 |
Waste Connections is the premier provider of solid waste collection, transfer, recycling and disposal services in mostly exclusive and secondary markets across the US and Canada. Waste Connections also provides intermodal services for the rail haul movement of cargo and solid waste containers in the Pacific Northwest. The company is leading provider of non-hazardous exploration and production, or E&P, waste treatment, recovery, and disposal services in the US.
WCN is paying $0.98 dividend for the current year. It has a 5-Year Dividend Growth Rate of 16.60% as of today. We started a new position in WCN with 22 shares purchased. Our dividend income increased by $21.78 annually.
The Bank of Nova Scotia provides various banking products and services in Canada, the United States, Mexico, Peru, Chile, Colombia, the Caribbean and Central America, and internationally.
Currently, BNS is paying $3.60 or 6.35% dividend income per year. During the past 5 years, the average Dividends Per Share Growth Rate was 6.40% per year. A new position of 28 shares were purchased. This purchase increased our dividend income by $100.08 annually.
PepsiCo, Inc. is one of the world’s leading food and beverage companies serving more than 200 countries and territories around the world.
Pepsi has been paying a quarterly dividend since 1965 and raising the payment annually for the last 48 years. At the current share price and an annual $4.09 payment, the dividend yield is 3%. During the past 5 years, the average Dividends Per Share Growth Rate was 8.60% per year. We added 11 shares of Pepsi that would increase our dividend income by $44.88 annually.
Shopify Inc., a commerce company, provides a cloud-based multi-channel commerce platform for small and medium-sized businesses in Canada, the United States, the United Kingdom, Australia, and internationally. Shopify is a commerce platform that allows anyone to easily sell online, at a retail location, and everywhere in between.
The growth for Shopify revenue is enormous since 2016:
- For the quarter ending June 30, 2020 Shopify revenue was $0.714B, a 97.34% increase year-over-year.
- For the twelve months ending June 30, 2020 Shopify revenue was $2.080B, a 60.45% increase year-over-year.
- Annual revenue for 2019 was $1.578B, a 47.05% increase from 2018.
- Annual revenue for 2018 was $1.073B, a 59.4% increase from 2017.
- Annual revenue for 2017 was $0.673B, a 72.94% increase from 2016.
We are very with bullish with this company. Because of the stock has a great run this year, we are buying only 1 share this month at the cost of $1434.99. We will continue to add more positions in the future.
Cloudflare, Inc. is an American web-infrastructure and website-security company, providing content-delivery-network services, DDoS mitigation, Internet security, and distributed domain-name-server services. Clients both large and small depend on Cloudflare to keep their online services available and snappy to users around the world, even while under attack from a DDoS botnet.
Cloudflare is a strong growth company. In the last 2Q 2020, revenues jumped 48% to $99.7 million year-over-year.
We added another 100 shares of Cloudflare to our existing holding. We believe this company still has more room to grow in the future.
Jumia is an e-Commerce company operating in Africa. E-Commerce is the future of retail. Once upon a time, this company was labeled as the “Amazon of Africa”.
In reality, Africa wasn’t quite ready for an e-commerce boom because of its internet infrastructure and consumers were reluctant buying things online. However, the pandemic in March 2020 started the digital revolution boom in Africa. Companies already started deploying 5G internet in Africa. African consumers started shifting their mind to buy things online.
This was a speculative buy for us. We bought 600 shares of Jumia for long term hold.
WELL Health Technologies Corp. owns and operates a portfolio of primary healthcare facilities. The company also provides digital electronic medical records (EMR) software services; and telehealth services.
The company is a growth company with the revenue increased by 43% in the last quarter. We liked Livongo and TeleDoc a lot and already invested in Livongo. Well is a growth stock which does not pay dividend. We bought 600 shares of WELL with the believe that this company could become a major player in Tele-Health one day.
Rocket Companies (RKT) is a Detroit-based holding company consisting of personal finance and consumer service brands. A tech-driven Rocket Companies provides industry-leading real estate, mortgage and financial services, empowering consumers through entities including Rocket Homes, Rocket Auto and Rocket Mortgage, the nation’s largest mortgage lender.
Rocket Companies stock just debuted on the NYSE on August 06, 2020. This company is a growth company and does not pay dividend. We start a new position of 100 shares of RKT in our portfolio.
Conclusion
We didn’t add much of dividend income this month. We bought more growth stocks this month. Our plan is using the profit from growth stocks to buy more dividend stocks for income. For the next few months, we will concentrate on increasing our dividend income.
Thanks for reading.
Sam