Advantage Energy Income Fund: March Dividend

Advantage Energy Income Fund: March Dividend

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Last night I received my second dividend payment for Advantage Energy Income Fund (AAV) since my initial purchase in late January of this year. My initial purchase was for eight shares even. My first dividend payment ($0.87) added another 0.088 shares to my total last month, and this payment ($0.91) added another 0.0865 shares to that. So now I own a total of 8.1745 shares of AAV. The initial eight shares that I bought were priced at something like $10.86/share, and currently AAV is trading at $11.17/share. I am hoping this goes up somewhat, since Canroys (Canadian Royalty Trusts) have been beat up over the past several months and I purchased fairly near what looks to be the low price point for this security.

Like I said before in a previous post, I really had no idea what I was doing when I bought AAV since it was my first stock purchase and I was just excited to be buying any stock at all. But maybe this one will turn out to be good a good one in the long run (almost anything is). In any case, I'm not really worried about it, but it sure is fun to see those dividends payments come rolling in every month and to see them increase every time! The same will be true of the Powershares High Yield Dividend ETF (PEY) that I just bought this month for my Roth IRA. I'm anxiously awaiting the monthly dividend payments to begin on that one also.

Scratch Ohio

Scratch Ohio

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