As I type this it is a blistering 91oF with high humidity to boot. The weather isn’t the only thing hot as my dividend stream was lit up this week. EPR Properties restored 65% of its dividend payout and I received dividend raises from Ryder (R), Cummins (CMI), and Walgreens (WBA). The EPR dividend came a quarter earlier than I expected as I was counting on it to offset possible future dividend cuts from AT&T (T) and PPL Corp (PPL). Trading was thin and here is my lone trade of the week:
- Enbridge Inc. (ENB) – new position – Started my initial position in ENB. Plan on buying two more installments but at lower share prices. ENB pays out their dividend in CAD so USD payout and yield vary depending on the current exchange rate. Grabbed 50 shares @ $39.31 and a 6.74% yield (at todays exchange rate).