Thursday, February 2, 2017

Portfolio Update - January 2017

       The month of January  2017 is now behind us. The price of a barrel of crude oil trades between $53 to $54 a barrel for WTI crude oil. On January 20, Donald Trump started his job as President of the United States. He has companies and investors on edge right now as they are not sure what he will do.  Trump vows to "make America great again".  Trump wants to create jobs and one way of doing this is to get companies to operate plants or factories within the United States instead of outside. 

     I had 3 dividend raises since last Portfolio update.  Enbridge (ENB) raised there dividend by 10% and may raise it again if the Spectra Energy deal passes all the hurdles.  Canadian National Railway (CNR) increased and Bell Canada Enterprises (BCE).  Shaw Communications (SJR.B) and Rogers Communications (RCI.B) reported dividends by did not raise its dividend. SJR,B and RCI.B did not raise their dividend most likely due to lack luster revenue from their internet streaming service, Shomi.  RCI.B and SJR.B teamed up to run Shomi to complete with Netflix, which you can read about here. Shomi was shut down on November 30, 2016.  Netflix can allow 5 profiles on one account, so you can share your account with another member of household or a friend at a different location. As RCI.B and SJR.B have not raised their dividends in about 2 years, investors are hoping for a dividend raise soon now the Shomi has been shut down.

   On January 5, I wrote about my first option trade for the 2017 calendar year, which you can read about here.  This option contracts ended up being assigned on expiration day as the price of Potash Corporation of Saskatchewan was trading higher than the strike price of $25.00 at expiration.  My 900 shares of IAMGOLD (IMG.TO) ended up behind assigned at expiration as well.  You can read about POT and IMG assignments here.

   I sold a put option contract in TD Bank (TD) with a strike price of $65.50 with a February 17 expiration day.  I collected a premium of $24.05 after commissions.  I previously owned TD in the past, but is was called away.

Shares Acquired Through DRIP

3 Unit of D.UN.TO @ $19.5535 for a total cost of $58.66 (Margin Account)

0.308128 shares of BNS @ $78.1688 for a total cost of $24.07 (Transfer agent )

Cominar REIT did not pay a distribution this month as it paid a distribution at the end December besides it usual middle of the month. Enerplus dividend is not large enough to purchase 1 whole share.  The distribution of D.UN.TO inside the TFSA is not large enough to purchase a unit of D.UN as the unit price as rising in value during the last couple of months.

As of February 2, the value of the portfolio is $102753.21. This is a 1.686%  increase over last month's total.  The spreadsheet in the investment tab above has been updated.

 Disclosure:   Long D.UN, CUF.UN, RCI.B, SJR.B, ERF, BNS, ENB, CNR

Please Note:  All stocks are from the Toronto Stock Exchange.

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.

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