Portfolio Update - November 2023

The month of November 2023 was crazy in Canada.  The premier of Saskatchewan, Scott Moe, has stated that the Province of Saskatchewan will stop collecting carbon tax Jan 1 2024 on home heating using natural gas if an exemption on home heating is not made by the federal government.

Later in November, Scott Moe said the province will stop collecting the carbon tax on home heating via electricity on January 1 as well.

These acts by the premier of Saskatchewan is due to the federal government suspending the carbon tax on home heating by oil  across the country.  This suspension of the carbon tax benefits Atlantic Canada.   

Also, rents across Canada have increased a lot over the last year.  This is mostly due to the interest rate increases, property tax increases and increased carbon tax.

The economy is starting to slow down with inflation being less than 4%.  I believe the interest rate will remain at 5% for the next few months. 

The war in the middle east involving Israel started up again after a recent cease fire. 

The S&P500 was up 5.42% over the past month.   

The S&P TSX Composite Index was up 1.07% over the past month. 

Portfolio Activity

Margin Account Activity

There has been no activity in this account since the last update.

TFSA Activity

There has been no activity in this account since the last update.  

Shares Purchased Via DRIP

1 unit of KMP.UN @ $17.53503 for a total cost of $17.54 (TFSA)

1 unit of BPF.UN @ $15.51257 for a total cost of $15.51 (TFSA)

1 share of EMA.TO @ $48.45823 for a total cost of $48.46 (TFSA)

Killam Properties REIT pays a distribution of $.058333 CAD per unit monthly, or $0.70 CAD per unit annually. This drip adds $0.70 CAD to my annual dividend income.  The yield on cost for this drip is 3.99%.

Emera Inc (EMA.TO)  pays a dividend of $0.7175CAD per share quarterly, or $2.87CAD per share annually.  This drip adds $2.87 CAD to my annual dividend income.  The yield on cost for this DRIP is 5.92%.

Boston Pizza Royalties Income Fund (BPF.UN.TO) pays a distribution of $0.107 CAD per unit monthly, or $1.284 CAD per unit annually.   This drip adds $1.28 CAD to my annual dividend income.  The yield on cost for this DRIP is 8.28%.

I have some other positions with the DRIP turned on but might not have enough of a dividend to purchase a whole share. 

My Enbridge position directly with the transfer agent is set up to DRIP.  Around November 2018, Enbridge stopped their DRIP program.  If Enbridge decides to start a DRIP, then my shares will start to DRIP again automatically.  

Dividend Increases

On November 29,  Enbridge (ENB.TO) increased their dividend from $0.8875 CAD to $0.915CAD quarterly, or from $3.55 CAD  from $3.66 CAD annually.  This is an increase of 3.10% .

I currently own 359.278 shares of Enbridge.  This increase adds $39.52 CAD to my annual dividend income.  

On November 30,  Canadian Imperial Bank of Commerce (CM.TO) increased their dividend from $0.87 CAD to $0.90 CAD quarterly, or from $3.48 CAD  from $3.60 CAD annually.  This is an increase of 3.45% .

I currently own 220 shares of Canadian Imperial Bank of Commerce.  This increase adds $24.00 CAD to my annual dividend income. 

On November 30,  Royal Bank (ENB.TO) increased their dividend from $1.35 CAD to $1.38 CAD quarterly, or from $5.40 CAD  from $5.52 CAD annually.  This is an increase of 2.22% .

I currently own 56 shares of Royal Bank.  This increase adds $6.72 CAD to my annual dividend income. 

On November 30,  TD Bank (TD.TO) increased their dividend from $0.96 CAD to $1.02 CAD quarterly, or from $3.84 CAD  from $4.08 CAD annually.  This is an increase of 6.25% .

I currently own 111 shares of TD Bank.  This increase adds $26.64 CAD to my annual dividend income. 

Dividend Decreases

There were no dividend decreases in November 2023. 

Summary: 

As of December 3 , 2023, the total value of the portfolio is $205074.20 . This is a 2.91% increase over last month's total.  

The portfolio is estimated to produce an estimated $9097.45 CAD in dividend income over the next 12 months. This is an increase of $88.55 CAD , or 0.983%. Some of the dividends in the Canadian stocks section are paid in US dollars, which are converted to Canadian dollars.

Googlesheets is still not operating properly.  So, I had to manually enter the market value for the REITS, BEP.UN, BPF.UN, and AW.UN. 

 

Please Note: Positions in Enerplus Corporation (ERF.TO), Restaurant Brands International (QSR.TO) , Intertape Polymer Group (ITP.TO), Brookfield Renewables Corporation (BEPC.TO), and Algonquin Power and Utilities (AQN.TO)  pay dividends in US dollars. Brookfield Renewables Partners (BEP.UN) pays distributions in US dollars. My investment tab spreadsheet displays the Canadian dollar equivalent within 15 to 20 minutes of real time. 

Disclosure: Long aforementioned stocks

               
DISCLAIMER

I am not a financial planner, financial advisor, accountant or tax attorney. The information on this blog represents my own thoughts and opinions and should NOT be taken as investment or business advice. Every individual should do their due diligence to make their own financial decisions based on their financial situation and tolerance for risk.ir financial situation and tolerance for risk.

Dividend Income Update - October 2023

         

The month of October 2023 is another month of dividend income landing in my accounts.  A new record of dividend income received in a single month. 

Due to becoming debt free, I changed my pay myself model. Starting the beginning of August 2021, I am paying myself 30%, just like before. This will now consist of 24% to investing, and 6% to savings.  The investment portion is going to my TFSA. Any money left over at the end of the month, I put towards investing on top of the money allocated from paying myself first. Hopefully, I can keep this up!

Update on paying myself first. At the start of August 2022, I now pay myself 35%.  This will consist of 25% to investing and 10% to savings. 

Note: All the dividends and totals below are in Canadian Dollars

I received a total of $1156.18 in dividend income for the month of October 2023. This is the first time that I received over $1000.00 in dividend income in a single month! This represents a 22.3% increase from 3 months ago and 28.5% increase year over year.

I received dividend / distribution income from 14 different companies.

I received $0.00 in option premiums within my investment accounts in October 2023.

Below is a visual of my dividend totals for the last 5 years.

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Most of my dividend income comes from my margin account.  As more investments and DRIPs are made inside TFSA, the percentage of dividend income for the TFSA is increasing. 

Click To Enlarge

Next, I will show the percentage of total income for each position.

Click To Enlarge

In the first ten months of 2022, I received $5941.13 in dividends. In the first ten months of 2023, I received $7024.46 in dividends. This is an increase of 18.23% YTD in 2023 over the same period of 2022.

The graph below shows my total dividend income, as per the blog, since 2012. 

Click To Enlarge

As from this graph, I surpassed last years total dividend income at the end of October.  My total dividend received in 2023 is 0.89% above the total for all of 2023.

I will update my dividend income tab with the new amount. I will include my option premium income also. It is great to see money from passive income sources deposited into my brokerage account every single month.

Note: Any activity in my RRSP account is not included in these totals.

How was your dividend income for October 2023?

Disclosure : Long all mentioned securities

DISCLAIMER

I am not a financial planner, financial advisor, accountant or tax attorney. The information on this blog represents my own thoughts and opinions and should NOT be taken as investment or business advice.

Every individual should do their due diligence to make their own financial decisions based on their financial situation and tolerance for risk.

Portfolio Update - October 2023

 The month of October had another Bank of Canada announcement, which occurred on October 23.  The Bank of Canada held the interest rate of 5.00%.  As mortgages come up for renewal, a lot of people will be in for a major sticker shock.  

Also, rents across Canada have increased a lot over the last year.  This is mostly due to the interest rate increases, property tax increases and increased carbon tax.

The economy will start to slow down as people will have less disposable income.

A major thing in Canada occurred which has divided the country.  Justin Trudeau has suspended the carbon tax on home heating oil for 3 years. The major beneficiary of this is people in Atlantic Canada. Besides heating their homes heating (furnace) oil, near 100% of hot water heaters would use the same type of oil. 

Premiers and politicians from other provinces say this suspension is unfair to those heating their homes other methods or fuels.

The war in the middle east is the major topic in the news.  In fact, it is more talked about than the ongoing Russia-Ukraine war. 

The S&P500 was up 2.35% over the past month.   

The S&P TSX Composite Index was up 3.59% over the past month. 

Portfolio Activity

Margin Account Activity

There has been no activity in this account since the last update.

TFSA Activity

There has been no activity in this account since the last update.  

Shares Purchased Via DRIP

1 unit of KMP.UN @ $17.15517 for a total cost of $17.16 (TFSA)

2 unit of BPF.UN @ $14.63635 for a total cost of $29.27 (TFSA)

5 shares of AQN.TO @ 5.63526USD for a total cost of $38.35CAD (TFSA)

1 share of TD.TO @ $77.27209 for a total cost of $77.27 (TFSA)

1.375641 shares of BNS.TO @ $55.3342 for a total cost $76.12 (Transfer Agent)

Killam Properties REIT pays a distribution of $.058333 CAD per unit monthly, or $0.70 CAD per unit annually. This drip adds $0.70 CAD to my annual dividend income.  The yield on cost for this drip is 4.08%.

TD Bank (TD.TO)  pays a dividend of $0.96CAD per share quarterly, or $3.84CAD per share annually.  This drip adds $3.84 CAD to my annual dividend income.  The yield on cost for this DRIP is 4.97%.

Bank of Nova Scotia (BNS.TO)  pays a dividend of $1.06CAD per share quarterly, or $4.24CAD per share annually.  This drip adds $5.83 CAD to my annual dividend income.  The yield on cost for this DRIP is 7.66%.

Boston Pizza Royalties Income Fund (BPF.UN.TO) pays a distribution of $0.107 CAD per unit monthly, or $1.284 CAD per unit annually.   This drip adds $2.57 CAD to my annual dividend income.  The yield on cost for this DRIP is 8.77%.

Algonquin Power and Utilities (AQN.UN) pays a dividend of $0.1085 USD per unit quarterly, or $0.434USD per unit annually.  This drip adds 2.17USD to my annual dividend income.  At the time of this writing,  this is equivalent to $2.97 in Canadian dollars.  The yield on cost, using the Canadian dollar equivalent, is 7.74%.

I have some other positions with the DRIP turned on but might not have enough of a dividend to purchase a whole share. 

My Enbridge position directly with the transfer agent is set up to DRIP.  Around November 2018, Enbridge stopped their DRIP program.  If Enbridge decides to start a DRIP, then my shares will start to DRIP again automatically.  

Dividend Increases

On October 24,  TFI International increased their dividend from $0.35 USD to $0.40USD quarterly, or from $1.40USD from $1.60USD annually.  This is an increase of 14.3% .

I currently own 50 shares of TFI International.  This increase adds $10.00 USD to my annual dividend income.  This is equivalent to $13.67 CAD, at the time of this writing. 

Dividend Decreases

There were no dividend decreases in October 2023. 

Summary: 

As of November 5 , 2023, the total value of the portfolio is $199272.31 . This is a 4.54% increase over last month's total.  

The portfolio is estimated to produce an estimated $9008.90 CAD in dividend income over the next 12 months. This is an increase of $28.60 CAD , or 0.318%. Some of the dividends in the Canadian stocks section are paid in US dollars, which are converted to Canadian dollars.

Googlesheets is still not operating properly.  So, I had to manually enter the market value for the REITS, BEP.UN, BPF.UN, and AW.UN. 

 

Please Note: Positions in Enerplus Corporation (ERF.TO), Restaurant Brands International (QSR.TO) , Intertape Polymer Group (ITP.TO), Brookfield Renewables Corporation (BEPC.TO), and Algonquin Power and Utilities (AQN.TO)  pay dividends in US dollars. Brookfield Renewables Partners (BEP.UN) pays distributions in US dollars. My investment tab spreadsheet displays the Canadian dollar equivalent within 15 to 20 minutes of real time. 

Disclosure: Long aforementioned stocks

               
DISCLAIMER

I am not a financial planner, financial advisor, accountant or tax attorney. The information on this blog represents my own thoughts and opinions and should NOT be taken as investment or business advice. Every individual should do their due diligence to make their own financial decisions based on their financial situation and tolerance for risk.ir financial situation and tolerance for risk.