OK, My Turn

[Dividend Watcher]

My limit order on RY executed today after I bumped it up a dollar. I think the exchange rate between USD/CAD is about the long-term average so the price and dividend will bounce above and below that point. Over time, everything should average out. Between that and BNS, Canadian banks are about 3% of the portfolio -- about where I wanted bank stocks to be. Yield at time of purchase was 3.92%; close enough to 4% for government work. Will reinvest the dividends for a while to dollar cost average and then start collecting the cash.

Yesterday, used some of my excess cash and took a little bite of MAIN comprising about 0.8% of the portfolio. Wow, I finally dallied into the BDC market. I've been reading all their annual reports and press releases and feel management has tried to be judicious and transparent. Now to watch interest rates and see how that affects profitability over time. I'll collect the dividends as cash and use it to add to other positions. I'm suspecting this won't be a longer term hold.

Still waiting for REITs and utes to fall out of bed. Still trying my patience.