Recent Buy - Hydro One (H)

Thursday, November 05, 2015 0 Comments A+ a-

  • Hydro One (H) - 100 shares @ 21.50 = $2150.00
Ontario's provincial government is selling off a chunk of Hydro One and today marks it's debut on the Toronto Stock Exchange. The money is planned to be used to pay down debt, fund transit and other infrastructure projects according to the Liberals.

Today, I picked up 100 shares to add to my portfolio. Dividend yield is expected to fall somewhere between 4.0 - 4.4%, starting around 0.21 /share.

There has been a lot of controversy over this sale of course and whether this will be a good thing or not in the long run will remain to be seen.

What do you think?

Total Portfolio: $26,045.45

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