On May 3rd, I added 33 shares of Exchange Income Corp. (TSE: EIF) to The Dividend Beginner’s portfolio.
I purchased the shares at $33.75, with a trading cost of $6.95 for a total investment of $1120.70.
This pushes my total cost basis for my collection of 150 EIF shares to $5,014.95 (includes commissions).
My last purchase was in August 2016, where I purchased 42 shares of EIF.
Originally I had opened this position in May 11 of 2016, with a starting 75 shares of EIF.
Yield on cost rounds out to 6.28%
The per share cost basis in this 33 share purchase round comes out to $33.96. With an annual dividend of $2.10, my yield on cost here is 6.18%.
In my first purchase of 75 shares, the per share cost basis rounds out to $32.27; yielding 6.51% on cost.
In my second purchase of 42 shares, the per share cost basis rounds out to $34.97; yielding 6.01% on cost.
Now with my combined 150 shares of EIF, my average cost basis comes out to $5,014.95, or $33.43 per share.
With an annual dividend of $2.10, my final yield on cost remains a juicy 6.28%.
Industrial exposure increased to 11%
Portfolio exposure to the Industrial sector has increased from 9.06% to 10.77%. Exchange Income Corporation now accounts for 8.6% of my overall portfolio, and is my largest holding by market value.
The positions I count towards my Industrial exposure are Exchange Income Corporation and W. W. Grainger.
Dividend Income increased 2.45%
My 33 new shares in Exchange Income Corp. add $69.30 to my annual dividend income, or $5.76 averaged per month.
Previously I earned $245.70 per year due to my 117 shares in EIF. This accounted for 8.68% of my overall dividend income.
Combining my new annual dividend income with my previous, I now earn $315 per year from EIF, accounting for 10.86% of my overall dividend income. This averages out to $26.25 per month, up from $20.48.
My 12-month forward dividend income has increased from $2,830.53 to $2,899.83, an increase of 2.45%.
|Annual Dividend Income||$2,830.53||$69.30||
|Monthly Dividend Income||$235.88||$5.775||$241.65|