Net Worth Update - December 25, 2020

  Today is December 25, 2020.  Although passive income through dividends and option premiums is my focus when it comes to investing, I decide to do a post about my current net worth.

What is net worth? Simply put, net worth is calculated by adding up all assets and subtracting the total of all liabilities.  Net worth is sometimes referred to as shareholder's equity.  Assets and liabilities are part of the balance sheet. 

Assets

Savings

The savings section is broken into 4 segments. The 3 parts are a "high" interest savings account, savings account, 2 GICs, and an "investment" savings account.  

The TFSA savings account was with Tangerine.  I was frustrated with getting such a low interest rate with Tangerine.  I took the money out and placed it in non-registered high interest rate savings account with EQ Bank.  Unfortunately, the account did not disappear as interest was earned in the TFSA with Tangerine for the month I transferred the balance.  The balance is $0.18.  With a value this low, I do not even earn interest as the balance so low.  

On December 25, 2020, the value of the savings account with EQ Bank is $1548.54. As of the time of this writing, the interest rate for EQ Bank is currently sitting at 1.50%.  This is down from 1.70% from 3 months ago.  The interest rate was cut due to the effects of the COVID19 pandemic on the economy.

This balance would be higher, but I used some cash to purchase 2 GICs of 3 month duration.  At the time of purchasing the GICs, the interest rate for the GICs was 1.70% and the same for the savings account.  

The first GIC matures on January 6, 2021 and the second matures on January 30, 2021.  The GICs are $300 investments with a 1.70% interest rate.  The value of these GICs are $600.00.  With a GIC, the interest is paid out at maturity.

The stock and ETF investment involves a stock and an ETF that I hold within my margin account.  I keep the dividends and distributions received separate from the dividends I post in my dividend income updates.  

The stock is Inter Pipeline.  The ticker symbol is IPL and trades on the Toronto Stock Exchange.  I own 42 shares with an adjusted cost base of $901.80.  I received a total of $79.33 in dividends since initiating this position.  

I purchased an additional 2 units of BMO High Yield Covered Call ETF at a total cost of $30.37 on October 27.  The ticker symbol is ZWC and trades on the Toronto Stock Exchange.  My brokerage has zero commissions on purchase of ETFs.  There is a small ECN fee which is a few pennies.  The purchase of these units resulted in $0.01 in ECN fees.  This ETF pays monthly.  I received a total of $27.72 in total distributions as of December 25, 2020.

On December 25, the current value of this "stock / ETF account" is $1255.80.  

Overall, the savings total is $3404.52

Non-registered Accounts

The non-registered accounts consist of a margin account and 2 stocks held directly with the transfer agents. The margin account is with Questrade. The total value is $82761.69 as of December 25, 2020. This is an increase of 14.17% since the last published net worth post.

TFSA Investing Account

The TFSA investing account balance is $42291.25 as of December 25, 2020.  This account is with Questrade.  This is an increase of 16.06% since the last published net worth post.  

Trading Account

The trading account is with Questrade.  There are currently no active trades.   As of December 25, 2020, the value of this account is $4128.04.

RRSP

I have transferred my RRSP from Tangerine to Questrade in April 2020.  While at Tangerine, the RRSP was in the form of a "high" interest savings account.  Now at Questrade, I decided to put the money to work. 

As of December 25, 2020, I own 200 shares of Fortis and 45 shares of XAW.  I have wrote covered calls on the Fortis position but they have both expired worthless.  I have been buying the entire position of XAW using covered call premiums and dividends from the same position in which I sold covered calls. 

The value of this account as of December 25 is $13674.99. This is an increase of 2.05% from September 26.

Summary of Assets

Total Savings :  $3404.52 

Non-Registered accounts : $82761.69

TFSA Investing :  $42291.25

Trading Account: $4128.04

RRSP Savings Account:  $13674.99

Total Assets = $146260.49   (increase of 13.57% from 3 months ago)

Liabilities

The balance on my line of credit is $2936.61.  This is a decrease of $940.55 from 3 months ago. Since I rent and do not have collateral, the interest rate on this account is 5.66%.  I get charge an insurance fee when carrying a balance.  This insurance fee depends on the balance, therefore it changes every month.  

Conclusion

On December 25, 2020, my net worth is $143323.88. This is a increase of $18419.16, or  14.75%, from 3 months ago.  

COVID19 is front in center still all across the world.  With a few vaccines approved and vaccinations have started in the last week or so, people are starting to some some little light at the end of the tunnel.  In Canada, some provinces are experiencing record high COVID19 cases and have started lockdowns.   

The US presidential election was November 3rd.  This was an election like no other in history.  Due to fears of COVID19 spread, there was mail in ballots.  There was no way to 100% guarantee a person's identity.   How many votes did Donald Trump and Joe Biden actually get that were valid?   

To read my first  net worth update, click here.  

To read the second net worth update, click here. 

To read the third net worth update, click here. 

To read the fourth net worth update, click here.  

Disclosure: - Long IPL, ZWC, XAW, FTS

                 

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.

Total Dividend Income Since 2012

As a dividend investor over the years, I have collected my rightful share of dividends from various companies.  Some companies have increased their dividend each and every year.  Some companies have not increased nor decreased their dividend in several years.  Other companies that I am a shareholder have cut, suspended or stopped their dividend.  The table below shows my total dividend income from January 1, 2012 to December 20, 2020 in relation to this blog. 

Two of the REITs no longer exit.  Whiterock REIT was taken over by Dundee REIT via unit holder approval.    Dundee REIT has since changed their name to Dream Office REIT.  Transglobe REIT was taken private in $1 billion deal in 2012.  

Potash Corporation of Saskatchewan merged with Agrium to form a new company called Nutrien. 

Tim Hortons was purchased by Burger King and these 2 companies operated independently under combined entity called Restaurant Brands International.  

Westjet Airlines was privatized when taken over by Onex Corporation.  

Disclosure:  Long all stocks in my investment tab spreadsheet 

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.
   

Dividend Income Update: November 2020

    

      

The month of November 2020 is another month of dividend income landing in my accounts. Recently, I switched my pay yourself first model to concentrate a little on debt repayment. The interest on debt is 7.16% 5.66% plus the insurance on the debt. The decrease in the interest rate is a result of emergency rate cuts by the Bank of Canada over the COVID19 pandemic. 

 

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

Non-registered Accounts 
  

Bank of Montreal (BMO) - $90.10

Emera Inc (EMA) - $63.75

Enerplus (ERF)  - $7.43

Shaw Communications (SJR.B) - $19.75

Subtotal : $181.03


TFSA

A&W Royalties Income Fund  (AW.UN) - $3.80

Boston Pizza Royalties Income Fund (BPF.UN) - $15.67

Cominar REIT (CUF.UN)    - $6.84

Killam Properties REIT (KMP.UN)    - $17.11

Royal Bank of Canada (RY) - $60.48

Subtotal: $103.90

Total = $284.93


I received a total of $284.93 in dividend income for the month of November 2020. This represents a 4.19% increase from 3 months ago and 8.32% decrease year over year. 

The decrease year over year was due to dividend cuts. Cineplex, which paid monthly, has stopped paying a dividend for a few reasons. As Cineplex deal to be bought out did not get completed, Cineplex has been hit extremely hard due to COVID19 health pandemic.  Boston Pizza Royalties Income Fund suspended their dividend from several months and then started to pay a monthly dividend again, albeit at a lower amount.  

I received dividend / distribution income from 9 different companies. 

I received $0.00 in option premiums within my investment accounts in November 2020.

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

Most of my dividend income comes from my margin account. 

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

Click to Enlarge

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 November 2020?


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 : November 2020

 The month of November 2020 now behind us. Some major things have happened in the world, which affect the markets in some way.

The top 2 news items are the US presidential election results and COVID19.  The amount of cases of COVID19 have increased across Canada and the United States.  This can be due to changes in the weather.  As temperatures decrease people will spend more times indoors.  Lockdowns or partial lockdowns are coming more frequent nowadays to help control the spread.   

A COVID19 vaccine could be on its way in late December or early in 2021.  The vaccine will come in stages, so it will likely be the end of 2021 until things get back to "normal".  Canada's Chief Medical Officer said even if every one takes the vaccine, we should continue to wear masks for 2 to 3 years.  

The results of the US presidential election have been disastrous.  Regardless of the results, it has been evidence of wrong doing.  Mail in voting does not work.  In Canada, anytime I voted I had to show valid photo ID and the voter card.  Years ago, I also worked an election at the municipal level as Deputy Returning Officer.  I had to say to each voter "  One for mayor, one for Councillor, and one or two for schoolboard".  When counting the votes, I read the vote selection for each ballot out loud and then showed the ballot to the poll clerk, and one representative for each candidate on the ballot.

Portfolio Activity

Margin Account Activity

There was no activity in this account.

TFSA Activity

I was building up cash in my TFSA.  I have not taken money out of this account in  a very long time.   So, as the dividends and distributions were deposited and adding cash, I started to look for opportunities.

On December 2, I noticed the price of a stock I was watching had falling in value.  I was debating waiting for more cash to purchase more shares or buy as many shares as I could at that time.

I purchased 17 shares of Fortis Inc (FTS.TO)  at $51.12 for a total cost of $874.05 including commissions.  Fortis currently pays a quarterly dividend of $0.505 per share, or $2.02 per share annually. 

This purchase adds $34.34 CAD to my annual dividend income. 

 

Shares Purchased Via DRIP

2 shares of ERF.TO @ $2.8635 for a total cost of $5.73 (Margin Account)

1 units of BPF.UN.TO @ $10.24794 for a total cost of $10.25 (TFSA)

Enerplus pays a monthly dividend of $0.01 per share monthly, or $0.12 per share annually. This drip adds $0.24 to my annual dividend income. The yield on cost for this DRIP is 4.19%.

Boston Pizza Royalties Income Fund pays a monthly distribution of $0.065 per unit monthly, or $0.78 per unit annually.  This drip adds $0.78 to my annual dividend income.  The yield on cost for this DRIP is 7.61%.

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

Please note that if some brokerages DRIP shares when there is no DRIP program by the actual company. This DRIP is when the brokerage buys the shares directly off the public market stock exchanges. 

Dividend Increases

On November 6, Telus Corporation (T.TO) increased their quarterly dividend from $0.0.29125 to $0.3112 per share, or from $1.165 to $1.2448 per share annually.  This is an increase of 6.85%. 

I own 48 shares of Telus, so this increase adds $3.83 to my annual dividend income. 

On November 12. Intertape Polymer Group (ITP.TO) increased their quarterly dividend from $0.1475 USD per share to $0.1575 USD per share, or from $0.59USD  to $0.63USD annually.  This is an increase of 6.78%.

I own 120 shares of Intertape Polymer Group.  Therefore, this increase adds $4.80USD to my annual dividend income.  The dividends are converted to Canadian dollars prior to landing in my account.  At the time of this writing, this is equivalent to $6.14 in Canadian dollars. 

Dividend Decreases

There was no dividend decreases in November 2020. 

Summary: 

As of December 5, 2020 , the total value of the portfolio is $125790.47. This is a 13.31% increase over last month's total. 

The portfolio is estimated to produce an estimated $5474.26 in dividend income over the next 12 months. This is an increase of $36.19CAD , or 0.67%. Some of the dividends in the Canadian stocks section are paid in US dollars, which are converted to Canadian dollars. 

Please Note: Positions in Restaurant Brands International (QSR.TO) , Intertape Polymer Group (ITP.TO), and Brookfield Renewables Corporation (BEPC.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.

Recent Purchase

The markets have been going up and up almost everyday and it is harder to find opportunities to put cash to work.  

I had some money and decided to put the money to work in a stock I have been watching for some time.  

I did a stock analysis on Fortis Inc (FTS.TO).    The dividend was increased since I wrote that post. 

The stock has come under pressure as of late and is currently trading a lower price than when I wrote the linked post that mentioned previously.  That would indicate the stock is possibly more undervalued.

I had some money in my TFSA, and decided to take advantage of this opportunity.

Purchase

I purchased 17 shares of Fortis Inc (FTS.TO) at $51.12 per share for a total cost of $874.05 including commissions.

Fortis is currently paying a quarterly dividend of $0.505 CAD per share, or $2.02 per share annually.  

This purchase adds $34.34 to my annual dividend income.  The yield on cost for this purchase comes in at 3.93%.  This yield is 34 BPS above the stocks own 5yr average yield of 3.59%.

This purchase was made in my TFSA.  For disclosure, I do have a Fortis position in my RRSP, but I do not include the RRSP as part of the dividend income for the blog.  Also, I am selling covered calls in my RRSP on the Fortis position.

I will update my investment tab spreadsheet in a few days with this transaction.

Disclosure:  Long FTS.TO

Video credit : Fortisinc.com

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.

Trading Account Update : November 15 , 2020

  As previously stated on this blog, that I have started a trading account with a balance below $1000.00.   I started to add $50.00 every two weeks but that has stopped due to a recent job loss.  The following table shows my stats from the start of 2016:

                               

                                # of trades :                        52

                               Total Capital added:          $250.00
                               Trading Acct Balance:       $4061.99
                               Average Drawdown:          $149.14
                               Average Loss:                    $287.20
                               Average Accuracy:            84.62%
                               Average Risk:                    $162.37
                               Average Reward:              $111.37
                               Average Risk/Reward :      1: 0.686

        I have been trading penny stocks, stocks, REITS and options.  Any dividends that will be received from this account will stay within the account. The accuracy rate is high. Does this mean that I am a super trader? No it does not.  The risk to reward ratio states of every $1.00 of risk there is reward of  $0.686.  Ideally, a trader should aim for a 1:2  risk to reward ratio which causes the accuracy rate to be lower.  I lost big on a trade as I did not put a stop in at the initiation of the PZA.TO trade.  The stock kept dropping and dropping, so I felt it was best to sell.   

      The drawdown above is inter-trade drawdown.  This type of draw down is the dollar amount the trade moves against you.  Why is it important to keep track of inter-trade drawdown?  It helps you know if you are picking good entry points.  It is normal for trades to have inter-trade drawdown. 

Below is a chart of my 2020 percentile gains

Below is a chart showing my overall percentile gains from January 1, 2016, to November 15, 2020. 

Conclusion:

I have not gotten the results that I have wanted over the last couple of years. This is evident in the long roughly flat line in the chart above.  

I need to gain better entry points and to make sure to use a stop loss.  In the trading platform for my brokerage, you can put in a stop limit order when purchasing a stock via a bracket order.  

Note:  The trades are listed under the Trading Tab above with all the trades listed as of November 15, 2020

Note:  As of November 15, 2020, there is no active trades. 

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.

Recent Dividend Increases

As an investor, one of the things I look forward is to receive raises for doing no work on my part.  I am talking about dividend increases announced by companies where I currently am a shareholder.

 Dividend Raise #1

 On November 6, Telus Corporation increased their quarterly dividend from $0.29125  per share to $0.3112 per share, or $1.165 per share to $ $1.2448 per share annually.  These numbers are in canadian dollars as my shares are purchased on the Toronto Stock Exchange.  This is an increase of 6.85%.  

I currently own 48 shares of Telus Corporation (Ticker Symbol  T.TO).  Therefore, this increase adds $3.83 CAD to my annual dividend income.

 Dividend Raise # 2

 On November 12,  Intertape Polymer Group increased their quarterly dividend from $0.1475 per share to $0.1575 per share, or from  $$0.59 to $0.63 annually.  These dividend numbers for Intertape Polymer Group (Ticker Symbol :  ITP) are in US dollars as their dividend is paid in US Dollars.  This represents an increase of 6.78%.

 I currently own 120 shares of Intertape Polymer Group.  Therefore, this increase adds $4.80 USD to my annual dividend income.  The shares are traded on the Toronto Stock Exchange.  The dividend is converted to Canadian dollars in my brokerage account.  As of the time of this writing,  the equivalent canadian dollar amount would be $6.31 CAD.

 Summary:

These increases add approximately $10.14 CAD  to my annual dividend income.  This is equivalent to investing  $289.14 of my own money under the assumption of a 3.5% yield. 

Disclosure:  Long ITP, T

 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.

Dividend Income Update - October 2020

   

      

The month of October 2020 is another month of dividend income landing in my accounts. Recently, I switched my pay yourself first model to concentrate a little on debt repayment. The interest on debt is 7.16% 5.66% plus the insurance on the debt. The decrease in the interest rate is a result of emergency rate cuts by the Bank of Canada over the COVID19 pandemic. 

 

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

Non-registered Accounts 

Bank of Nova Scotia (BNS) - $42.93 (Transfer Agent)

Bank of Nova Scotia (BNS) - $18.00

Bell Canada Enterprises (BCE) - $83.25

Canadian Imperial Bank of Commerce "CIBC" (CM) - $160.60     

Enerplus (ERF)  - $7.40

Restaurant Brands International (QSR) - $68.17

Rogers Communications Class B (RCI.B) - $100.00
Shaw Communications (SJR.B) - $19.75

Subtotal : $500.10


TFSA

A&W Royalties Income Fund  (AW.UN) - $15.20

Boston Pizza Royalties Income Fund (BPF.UN) - $15.54

Cominar REIT (CUF.UN)    - $6.84

Killam Properties REIT (KMP.UN)    - $17.11

TD Bank (TD) - $48.98

Telus Corporation (T) - $13.98

TFI International (TFII) - $13.00

Subtotal: $130.65

Total = $630.75


I received a total of $414.63 in dividend income for the month of October 2020. This represents a 16.45% increase from 3 months ago and 1.085% increase year over year. 

A&W Royalties Income Fund paid out a special distribution of $0.30 per unit.  I own 38 shares of AW.UN, so account for $11.40 of the $15.20 for the total distribution from this position.

The large increase from 3 months ago was due to Restaurant Brands International (QSR) paying their dividend out in first week on October, like it has done in the past.  Normally, Restaurant Brands International dividend payment date for the previous quarter is first week of July, but it was paid on June 30.

I received dividend / distribution income from 14 different companies. 

I received $0.00 in option premiums within my investment accounts in October 2020.

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

Click to Enlarge

Most of my dividend income comes from my margin account. 

Click to Enlarge

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

Click to Enlarge

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. 

EDIT:  Information about the large distribution amount for A&W Royalties Income fund was added to the post.  The comparison of dividend income with 3 months ago and 12 months ago was corrected to the proper amounts.  

How was your dividend income for October 2020?


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 2020

The month of October 2020 now behind us. Some major things have happened in the world, which affect the markets in some way.

COVID19 is still front and center in the news.  With the colder weather upon us, more and more activities are happening indoors.  The COVID19 cases have increased in Canada.  Alarming number of daily cases occurring in Ontario and Quebec. Are in going to go into lockdown in the near future?

The beginning of November started with the US election.  Currently, Joe Biden is leading as some states have to be counted. When Gore ran again George W. Bush, it took a few weeks after the election to things to be finalized.  

The price of oil is currently trading below $40 USD per barrel for WTI oil.  Oil is very important for the economy of Alberta, Saskatchewan and British Columbia.  Alberta is affected the most by low oil prices.

Portfolio Activity

Margin Account Activity

Earlier in the month of October, I sent a check directly to the transfer agent to purchase my shares of Bank of Nova Scotia.  This allows all the money to be invested as it is commission free and the ability to buy fractional shares.

On October 28th, the purchase is made.  It takes about 5 business days for the shares to settle in the account afterwards.  

I purchased 13.678439 shares of Bank of Nova Scotia (Ticker symbol BNS.TO) at $54.8308 for a total cost of $750.00.  

Currently, Bank of Nova Scotia pays an quarterly dividend of $0.90 CAD, or $3.60 CAD annually per share.  This purchase adds $49.24 to my annual dividend income.  The yield on cost of this purchase is 6.57%.

TFSA Activity

There was no activity in this account.

Shares Purchased Via DRIP

3 shares of ERF.TO @ $2.44982 for a total cost of $7.35 (Margin Account)

2 units of BPF.UN.TO @ $7.53381 for a total cost of $15.07 (TFSA)

0.781634 shares of BNS.TO @ $54.9234 for a total cost of $42.93 (Transfer Agent)

Enerplus pays a monthly dividend of $0.01 per share monthly, or $0.12 per share annually. This drip adds $0.36 to my annual dividend income. The yield on cost for this DRIP is 4.90%.

Boston Pizza Royalties Income Fund pays a monthly distribution of $0.065 per unit monthly, or $0.78 per unit annually.  This drip adds $1.56 to my annual dividend income.  The yield on cost for this DRIP is 10.35%.

Bank of Nova Scotia pays a quarterly dividend of $0.90 CAD per share, or $3.60 CAD per share annually.  This drip adds $2.81 to my annual dividend income.  The yield on cost of this DRIP is 6.55%.

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

Please note that if some brokerages DRIP shares when there is no DRIP program by the actual company. This DRIP is when the brokerage buys the shares directly off the public market stock exchanges. 

Dividend Increases

On October 22, TFI International (TFII.TO) increased the quarterly dividend from $0.26 to $0.29 per share, or from $1.04 to $1.16 per share annually.  This is an increase of 11.54%. 

I own 50 shares of TFI International, so this increase adds $6.00 to my annual dividend income. 

Dividend Decreases

There was no dividend decreases in October 2020. 

Summary: 

As of November 7, 2020 , the total value of the portfolio is $111015.24. This is a 0.171% decrease over last month's total. 

The portfolio is estimated to produce an estimated $5438.07 in dividend income over the next 12 months. This is an increase of $48.94 CAD , or 0.91%. Some of the dividends in the Canadian stocks section are paid in US dollars, which are converted to Canadian dollars. 

Please Note: Positions in Restaurant Brands International (QSR.TO) , Intertape Polymer Group (ITP.TO), and Brookfield Renewables Corporation (BEPC.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.

Recent Dividend Increase

I first started investing in TFI International in the 4th quarter of 2015 or the first quarter of 2016.  At the time of purchase, the company was known as Transforce.  The company decided to change its name to TFI International to better reflect its business activities.  The company, under its operating companies, delivers across Canada, United States and Mexico.  The company is headquartered in Canada.  

 TFI International trades on both the Toronto Stock Exchange and New York Stock Exchange under the ticker symbol TFII. 

TFI International is a North American leader in logistics and transportation. We are diversified across multiple geographies, industry verticals and business segments, including Package and Courier, Less-Than-Truckload, Truckload and Logistics. (Source: TFI International website) 

 

TFI International has over 80 operating companies and over 8400 drivers.  

On October 2, 2020, TFI International released its 3rd quarter earnings.  TFI International announced they are increasing their quarterly dividend from $0.26 to $0.29 CAD.  This represents an increase of 11.54%.     

I currently own 50 shares of TFII.TO.  This increase adds $6.00 to my annual dividend income.   

As of October 24, I am currently up 200.47% on this position and a yield on cost of 5.28%. 

Disclosure:  Long TFII.TO 

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.

Took a Detour in Finance

After my shares of Mullen Group were called away in my trading account, I thought I would take a gamble and try to make a quick trade.  See, my trading account is currently within my margin account. When I make a trade in the trading account all the money stays in the trading account.  

I "borrowed" the amount of balance in my trading account  to make a trade that I was expecting to be completed really quick.

I purchased 558 units of Boston Pizza Royalties Fund (BPF.UN.TO) for $6.82 per unit for a total cost of $3811.34 including commissions. I set a limit order to sell within a few days at $7.10 per unit.  The unit price went on a downward spiral a few weeks and even fell below $6.00 per unit.  

Due to the COVID19 pandemic their business lost lot of money as their were lockdowns and social distancing rules for businesses to follow.  Boston Pizza felt this very early in 2020 and as a result, Boston Pizza Royalties Income Fund suspended their distribution.  The fund made an agreement that they will not pay a distribution prior to October 1.   

Fast forward to October 2.  Trading of the fund was halted on the stock market during an announcement.  The fund announced that they will start to pay a distribution starting the end of October.  Shortly after the trading was resumed the price of the fund shot up over a dollar and some.

The sell order was actually filled at $7.20 per unit on October 2.  The proceeds of sale were 4010.07 including commissions.  

So, I made a profit of $198.73.

Also, in the first week of October, I received dividends from Roger's Communications Class B and Restaurant Brands International.  Between these 2 positions, I received $168.17 in dividends..

I received a GST rebate check from federal government of $112.75 on October 5. 

So, I decided to make  a detour from my current plan.  The current plan was paying myself 12% to savings to get up to $2000.00 balance.  While doing this, I was paying 15% of income on my line of credit.

Detour

I used the $168.17 in dividends, my GST rebate check of $112.75 and the profit of the trade $198.73  and decided to write a check for $750.00 to purchase more shares of Bank of Nova Scotia (BNS,TO) directly with the transfer agent. Since I am short by $270.35.

The detour will consist of paying myself 15% to investing and 12% to savings. I will make a line of credit payment if any money left over at the end of a month.  If the $750 is reached and my savings is not up to $2000.00, the I will then revert back to paying 15% income on line of credit.

When buying shares directly through the transfer agent, the investor does not get to choose the price of the shares. The shares, which will include fractional shares. are purchased on a set day set out by the company (Bank of Nova Scotia).  The new shares will be purchased on the dividend payment date for October.  The most recent closing price of BNS shares is $56.18, which means the stock is currently yielding 6.41%.

Disclosure:  - Also own BPF.UN in TFSA 

                    - Long BPF.UN, BNS.TO

Dividend Income Update - September 2020

  

      

The month of September 2020 is another month of dividend income landing in my accounts. Recently, I switched my pay yourself first model to concentrate a little on debt repayment. The interest on debt is 7.16% 5.66% plus the insurance on the debt. The decrease in the interest rate is a result of emergency rate cuts by the Bank of Canada over the COVID19 pandemic. Starting in August, I will change my pay myself first percentage. I will be paying 15% towards line of credit and 12% will go into savings. As my normal savings account is in the $2000 range, I have a couple of big expenses coming up. So, I will be putting money into savings until the $2000 amount is reached again.  

 

Why money going into line of credit at paying myself first at 15% and savings at 12%?  This is simply to get a better return on my money on a large scale.  When the savings hits north of $2000.00 again, I will go back to paying myself 15% to investing at 12% to line of credit. 

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

Non-registered Accounts 

Enbridge (ENB) - $21.29        (Transfer Agent)

Enbridge (ENB) - $243.00     (Margin Account)

Enerplus (ERF)  - $7.38

Intertape Polymer Group (ITP) - $23.38
Shaw Communications (SJR.B) - $19.75

Subtotal : $314.80


TFSA

A&W Royalties Income Fund  (AW.UN) - $3.80

Brookfield Renewable Partners Corporation (BEPC) - $4.58

Brookfield Renewable Partners LP (BEP.UN) - $18.92

Canadian National Railway (CNR) - $21.85

Cominar REIT (CUF.UN)    - $6.84

Enbridge (ENB) - $26.73
Killam Properties REIT (KMP.UN)    - $17.11

Subtotal: $99.83

Total = $414.63


I received a total of $414.63 in dividend income for the month of September 2020. This represents a 15.14% decrease from 3 months ago and 1.450% decrease year over year. 

The large decrease from 3 months ago was partial due to Restaurant Brands International (QSR) paying there dividend on June 30th.  Normally, Restaurant Brands International pays their dividend in first week of July.  The other reasons due to dividend suspensions or cuts from a few other positions. 

I received dividend / distribution income from 10 different companies. 

I received $0.00 in option premiums within my investment accounts in September 2020.

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

Click To Enlarge

Most of my dividend income comes from my margin account. 

Click to Enlarge 

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

Click to Enlarge 

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 September 2020?


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 - September 2020

Note:  This report includes up to date of publication.  

The month of September 2020 now behind us. Some major things have happened in the world, which affect the markets in some way.

COVID19 is still front and center in the news.  With the colder weather upon us, more and more activities are happening indoors.  Students are back in school.  The COVID19 cases have increased in Canada.  Alarming number of daily cases occurring in Ontario and Quebec. 

In the last 72 hours, US president and the first lady have tested positive for COVID19.  With the US election to happen in first week of November, this is going play on minds of people in voting.  The election has never been stopped for anything before.

The price of oil has remains steady as the economy stumbles along.  

Portfolio Activity

Margin Account Activity

I had a trade on in this account that I will write about in the coming days.  The trade involved using "borrowed" money from my trading account.  The profit will be used for future investment purposes.    

TFSA Activity

On October 2, Boston Pizza Royalties Fund as announced they will start to pay a monthly distribution commencing with first payment at the end of October.  The distribution was suspended in early 2020 due to people staying home more and then government restrictions due to COVID19

The distribution prior to the suspension was $0.102 per unit monthly.  The new monthly distribution going forward is $0.065 per unit monthly. 

I currently own 239 units, so this distribution will add $15.54 to my monthly dividend income.  The position is still set up to DRIP.  

Shares Purchased Via DRIP

2 shares of ERF.TO @ $2.5435 for a total cost of $5.09 (Margin Account)

Enerplus pays a monthly dividend of $0.01 per share monthly, or $0.12 per share annually. This drip adds $0.24 to my annual dividend income. The yield on cost for this DRIP is 4.72%.

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

Please note that if some brokerages DRIP shares when there is no DRIP program by the actual company. This DRIP is when the brokerage buys the shares directly off the public market stock exchanges. 

Dividend Increases

On September 16, Emera (EMA.TO) increased the quarterly dividend from $0.6125 to $0.6375 per share, or from $2.45 to $2.55 per share annually.  This is an increase of 4.08%. 

I own 100 shares of Emera, so this increase adds $10.00 to my annual dividend income. 

Dividend Decreases

There was no dividend decreases in September 2020. 

Summary: 

As of October 3, 2020 , the total value of the portfolio is $111205.42. This is a 1.140% decrease over last month's total. 

The portfolio is estimated to produce an estimated $5389.13 in dividend income over the next 12 months. This is an increase of $206.20 CAD , or 3.98%. Some of the dividends in the Canadian stocks section are paid in US dollars, which are converted to Canadian dollars. 

With Boston Pizza Royalties Income Fund starting to pay a distribution again, Cineplex is the only position I currently own that does not pay a dividend.    

Please Note: Positions in Restaurant Brands International (QSR.TO) , Intertape Polymer Group (ITP.TO), and Brookfield Renewables Corporation (BEPC.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.