Saturday, March 3, 2018

Portfolio Update - February 2018


 The month of February is now behind us. The markets were wild during the month.  I wish I had money available to invest, but I have a low cash position.  
    
  I had Restaurants Brands International  (QSR.TO) Feb 16 2018 covered call expire as the price of QSR stayed below the strike price of $78.  QSR.TO reported earnings and awarded their shareholders with a 114.3% dividend increase.  That huge dividend increase is not a typo.  QSR.TO pays their dividends in US dollars, which are converted to CDN dollars on the investing tab spreadsheet.

  Four  companies that I owned have decided to raise their dividends.  CIBC (CM.TO) and Killam Properties REIT (KMP.UN.TO) raised their dividend and distribution, respectively. Bank of Nova Scotia (BNS.TO) awarded shareholders with a dividend increase.   Bell Canada Enterprises (BCE.TO) awarded investors with a dividend increase, which you can read about here.

   A position that I have owned since 2014 has not had a dividend in a few years.  In fact, I only received one dividend payment during the time I owned it.  I decided to sell my position in Bombardier Inc Class B shares (BBD.B.TO). Bombardier Inc received a $372.5 million loan from the federal liberal government in early 2017 while the company struggled.  BBD.B recently won a case in which the US would not be allowed to charge duties at around 300% on planes they sell to US companies.  The case came about as BOEING believe Bombardier was selling Bombardier aircraft at lower that normal costs to US buyers.

   Although BBD.B stock price has risen to about $4.00 a share, I believe my money would be better invested elsewhere. 

    There was no option trades initiated during the month of February. 

Shares Purchased Via DRIP

1 unit of  CUF.UN.TO @ $13.87918 for a total cost of $13.88 (TFSA)

0.406 shares of ENB.TO @ $41.43 for a total cost of  $16.80 (Transfer Agent) 

Cominar REIT  (CUF.UN.TO) pays a monthly distribution on or near the 15th of every month.  The only exception is in the month of December.  November's distrubition is paid on or near the December 15 and the December distribution is paid on the last business day of December.  Therefore, there is no distribution payment in the middle of January.   

As of  Mar 3 2018, the value of the portfolio is $105117.67.   This is a 0.386% decrease  over last month's total.  The spreadsheet he investment tab above has been updated.

Disclosure:  Long CUF.UN, QSR.TO, BNS.TO, BCE.TO, CM.TO, KMP.UN.TO

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


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