Portfolio Update : December 2018

The month of of December 2018 is now behind us.  What a month it has been!  The market has been going up and down like a roller coaster.

With the western Canadian province of Alberta cutting oil production to help raise the price of Western Canada Select. Currently the only foreign buyer of Canadian oil is the United States.  The oil from the canadian oil sands cost a lot of money to refine. Companies and the federal government have face hurdles for years to try to get Canadian oil and gas to foreign markets via pipelines.

Portfolio Activity

I previously sold 3 put contracts on WestJet Airlines (WJA) at a strike price of $17 per share and an expiration date of December 21 2018.  These put contracts expired worthless.

So, I took action on WestJet Airlines and sold 3 put option contracts again.  On December 24, I sold 3 put contracts of WJA.TO at $17 strike price for a net premium of $182.05.

On December 6, I sold 1 covered call in margin account on Telus Corporation (T.TO) with a January 18 2018 expiration date $44.05.


Shares Purchased Via DRIP

1 unit of CUF.UN.TO @ $11.96  for a total cost of $11.96  (TFSA)

1 unit of CUF.UN.TO @ $11.35 for a total cost of $11.35 (TFSA)

6 shares of HLF.TO @ $6.64305 for a total cost of $39.86 (Margin Account)

Cominar REIT (CUF.UN.TO) currently pays an annual dividend of $0.72 per unit.  The REIT paid a distribution twice that month. The distribution paid on December 31 instead the middle of January.  Therefore there will be no distribution payment on January 15.  These 2 DRIP purchase adds $1.44 to my annual dividend income.

High Liner Foods (HLF.TO) currently pays an annual dividend of $0.58 per share.  These drip shares had $3.48 to my annual dividend income.


Dividend Increases

On December 4, Bank of Montreal (BMO.TO)  announced a dividend increase of $0.16 per share per quarter.  The annual dividend was increased from $3.84 to $4.00 per share per year.  This represents an increase of 4.17%.

I own 35 shares of BMO.TO, so this increase adds $5.60 to my annual dividend income.

On December 10, Enbridge (ENB.TO) announced a dividend increase of $0.269 per share.  The annual dividend was increase to $2.95 from $2.681 per share.

I currently own 359.278 shares across 3 accounts ,so this increase adds $96.65 to my annual dividend income.

Summary:

As of January 4 , the value of the portfolio is $109908.86. This is a 3.97%  decrease over last month's total.

Disclosure: Long WJA.TO, HLF.TO, T.TO, CUF.UN, BMO.TO

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

Please Note:  Positions in Restaurant Brands International (QSR.TO) and Brookfield Renewables Partners (BEP.UN) pay dividends and distributions in US dollars, respectively.  My investment tab spreadsheet displays the Canadian dollar equivalent within 15 to 20 minutes of real time.

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.