Friday, September 1, 2017

Portfolio Update - Aug 2017

        The month of August 2017 is now behind us. Canada's economic engine, the province of Alberta, has officially came out of the recession it was in for the last 3 years.  Although the Alberta recession is officially over, it is going to be a very long and slow grind back to anything near the glory days.  The Alberta government has said prior to the recession being over that they are changing there number of a barrel of oil they are basing their budget on going forward.  Alberta NDP changed there number of $55 per barrel of crude oil to $49 per barrel. Alberta does not have a sales tax and gets a lot of revenue for oil and gas royalties.

      I had no option trades for the month of August.

      Cineplex Inc. (CGX.TO) recently released its quarterly earnings.  The stock fell after the earnings by a large amount.  The stock fell over $15 over the next couple of weeks, before rebounding to $38.13 as of the time of this writing.  Of course, none of us can time the market and I purchased 100 shares at $43.85.  Currently, CGX.TO pays an annual dividend of $1.68, so this purchase adds $168.00 to my annual dividend income.

      I purchased 100 shares of Royal Bank of Canada (RY.TO) at $93.55.  After the purchase, RY.TO released their earnings.  RY.TO announced a dividend increase from $3.48 to $3.64 annually, which represents a 4.60%.  Royal Bank of Canada has raised their dividends twice of year for the past several years.  This purchase adds $364.00 to my annual dividend income.

     I added to my Horizon's Natural Gas Yield ETF (HNY.TO) inside my TFSA.  I purchased 2 units at $12.19 per unit.

    On September 1, Enbridge paid a dividend. I am currently dripping these shares directly with the transfer agent.  I also sent a check earlier in the month which means the shares are purchased the same day as the dividend payment date.  I purchased 2.505 shares at $49.90 for a total cost of $125.00.  The reason this price is higher than the DRIP price indicated below is the Enbridge offers a 2% discount of shares purchased with reinvested dividends.

Shares Acquired Through DRIP

0.204 shares of ENB.TO @ $48.90 for a total cost of $9.97 (Transfer Agent)           

I recently wrote about Dream Office REIT after they made an announcement. They are once again, cutting their annual distribution by around 33% starting with July's distribution which will be paid on August 15.  There annual distribution will be cut from $1.50 per unit to $1.00.  So, my annual dividend income will be cut by approximately $400.00.

As of  Sept 1,  the value of the portfolio is $104445.31 This is a 1.142%  increase over last month's total.  The spreadsheet in the investment tab above has been updated.

Disclosure:  Long D.UN, ENB.TO,HNY.TO, CGX.TO, RY.TO

Please Note:  All stocks are from the Toronto Stock Exchange except TTR which trades on the Venture 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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