Saturday, February 1, 2020

Portfolio Update: January 2020

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

On January 1, 2020, Alberta consumers will have to pay a carbon tax. The carbon tax will be a federal carbon tax this time, whereas before it was provincial. The new Alberta government cancelled the previous provincial carbon tax on May 30th, that was in place in Alberta.

Some of the provincial governments are still fighting the federal government over the carbon tax, stating it is harming the economy has it makes everything more expensive for businesses and consumers.  This is causing investors to flee Canada or remain on the sidelines.

The Conoravirus has killed 259 people in China.  The virus has affected the airline industry over fears of the virus spreading.  The virus is believed to have started in China. Face masks have been flying off the shelves across the world.  Top officials in the medical arena said a vaccine is believed to be at least a year away.

Portfolio Activity

Margin Account Activity

There was no buys or sells in the margin account for January.

Cineplex has sent out proxy information for shareholders to vote on the sale of Cineplex to Cineworld.  Cineworld is based out of the UK.  Cineworld is offering to purchase Cineplex at $34 CAD per share.  This share price is around a 40% premuim to what Cineplex shares were trading the day prior to the announcement.

TFSA Activity

There was no purchases and selling in the TFSA account.

I continue to build up cash in my TFSA to make another purchase and at a good price.

I previously turned on the DRIP for Boston Pizza Royalties Income Fund (BPF.UN.TO). I received a unit with the distribution paid out in January.

Shares Purchased Via DRIP

1 unit of BPF.UN  @ $14.2735 for a total cost of $14.27  (TFSA)

Currently, Boston Pizza Royalties Income Fund pays a monthly distribution of $0.115 per unit, or $1.38 per unit annually.  This DRIP adds $1.38 to my annual dividend income.  The yield on this DRIP unit is 9.67%.

Bank of Nova Scotia paid a dividend on January 29.  The shares have no settled in my account as of the time of this writing.  

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 January 13, Brookfield Renewable Partners LP (BEP.UN) increased their quarterly distribution from $0.515US to $0.5425US, or $2.06US per share annually to $2.17US per share annually. 

This is an increase of 5.33%. As of the time of this writing, I own 33 shares of Brookfield Renewable Partners LP. This increase adds $3.63US to my annual dividend income.  This position was purchased on the Toronto Stock exchange. At the time of this writing, this $3.63US is equivalent to $4.80CAD

On January 28, Canadian National Railway (CNR.TO) increased their quarterly dividend from $0.5375 to $0.575, or $2.15 per share annually to $2.30 per share annually. 

This is an increase of 6.98%. As of the time of this writing, I own 38 shares of CN Rail. This increase adds $5.70 to my annual dividend income.

Dividend Decreases

There was no dividend decreases announced in the month of December


As of February 1, 2020 , the total value of the portfolio is $131039.49 CAD. This is a 1.062% increase over last month's total. 

The dividend increases have increased my annual dividend income by $10.50 CAD. This is equivalent of investing $300.00 of my own money at 3.5%.

The portfolio is estimated to produce $5666.50 in dividend income over the next 12 months. This is an increase of $18.65 , or 0.33% . Some of the dividends in the Canadian stocks section are paid in US dollars, which are converted to Canadian dollars.
Disclosure: Long all aforementioned stocks 

Edit (Feb 1 @ 12:00 MST) :  I updated the amount of people who died in China from the Coronavirus.  

Please Note: Positions in Restaurant Brands International (QSR.TO) and Intertape Polymer Group (ITP.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.


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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