Some Recent Dividend Transactions for The Dividend Guy

Written by The Dividend Guy on June 22, 2007

It has been awhile since I have written about any of my own personal transactions in my dividend paying investment account. Things have been pretty much on cruise control for me as I have not bought or sold anything for some time. However, as per the coolest thing about dividends, the money has continued to roll into my account and has been reinvested into more shares of each security. The compounding effects of this are great and it is nice to know that it just happens with little impact from me.

Here are a few of the transactions that has hit my account since January of 2007. These are the buys that have occurred as a result of the reinvested dividends. Each time this happens I receive more shares of the company, so that next time the dividend is paid I receive even more money.

Transaction Value
Bought 0.1680 of Bank of America for 53.38 $10.26
Bought 1.3881 of S&P/TSX REIT Index for 16.57 $23.00
Bought 5.3601 of MSCI International C$ Index for 28.01 $150.13
Bought 0.0573 of Wal-Mart Stores for 48.29 $3.19
Bought 0.4912 of EPCOR Power for 26.00 $12.77
Bought 0.8411 of IGM Financial for 51.34 $43.18
Bought 1.4053 of Royal Bank for 55.24 $77.63
Bought 0.2886 of General Electric for 35.34 $11.88
Bought 0.2103 of Citigroup for 52.15 $12.56
Bought 1.1401 of Pfizer for 25.21 $33.51
Bought 0.1558 of Procter & Gamble for 60.840000 $10.93
Bought 0.2811 of Home Depot for 38.43 $12.36
Bought 0.1791 of Bank of America for 50.63 $10.38
Bought 0.2080 of Coca-Cola Company for 51.32 $12.19
Bought 1.1709 of S&P/TSX REIT Index for 17.03 $19.94
Bought 0.0747 of Wal-Mart Stores for 48.82 $4.17
Bought 0.8748 of IGM Financial for 53.50 $46.80
Bought 0.4938 of EPCOR Power for 26.49 $13.08
Bought 0.2734 of General Electric for 37.33 $11.29
Bought 1.5225 of Royal Bank for 59.06 $89.92
Bought 1.0991 of Pfizer for 26.46 $30.42
Bought 0.2086 of Citigroup for 53.12 $11.86
Bought 0.1719 of Procter & Gamble for 62.50 $11.70


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5 Comments so far

  1. White Eagle June 23, 2007 7:24 am

    Hi Dividend Guy,

    Thanks for sharing your dividend transaction details. I was under the impression that in order for dividends to be reinvested, there had to be a sufficient distribution amount to cover the cost of one full share. From your transactions, it looks as though I was misinformed or perhaps each broker does it differently.

  2. Luke June 23, 2007 1:56 pm

    Div. Guy-

    I am curious about your thoughts on say an ETF fund like DVY or VIG that track a decent amount of the companies you hold under one umbrella and if that is something you recommend…

    I am looking to pick up the pace with dividend related funds in my account and the Vanguard ETF VIG seems pretty solid with a decent weighting of top companies…

    Thoughts?

    Also, depending on the brokerage firm, dividends can be reinvested even if they are partial shares. Sharebuilder and a few others allow partial purchases of shares and allow automatic partial dividend reinvestments…Pretty cool…

  3. Jim June 25, 2007 10:03 am

    I’m curious which broker do you use and/or recommend for dividend investing. Currently, I have a Scottrade account and as pleased as I am with them, for some odd reason, they do not have the option to reinvest dividends.

    It seems that many prefer to use Sharebuilder, but I really don’t like the lack of flexibility.

    Looking forward to your thoughts!

  4. The Dividend Guy June 25, 2007 7:21 pm

    White Eagle - it depends on the broker. You are right that most brokers require you to receive enough of a dividend to cover the cost of at least one share of stock to reinvest. However, some brokerages such as Canadian Shareowners Association or Sharebuilder allow you to reinvest into fractional shares.

    Luke - I think a fund like DVY or VIG are good for people who don’t have time to research and track individual securities.

    Jim - I use Canadian Shareowners Association - it is similar to NAIC or Sharebuilder, but only accepts applications from Canadians.

  5. Carnival of Money Stories :: 16th Edition » My New Choice July 2, 2007 7:05 am

    […] The Dividend Guy Blog shares a post on the power of reinvesting dividends with a listing of recent dividend transactions in his own account. […]

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