Portfolio Update - May 2020

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

The price of WTI crude oil per barrel is currently trading around $37 US. Just a few months ago I dropped a lot at once and actually was around - $40 US per barrel. That is actually negative $40 US per barrel. As the world economy is slowing getting going after almost a complete worldwide shutdown over COVID19, the demand for oil and gas has increased. Russia and Saudi Arabia had a price war which also dropped the price of oil.

The countries all over the world is slowly opening up their economies as a whole, while some countries have different areas opening up at different times. Most of these openings are still a far cry from what people consider normal. Face masks and face coverings are highly recommended when physical distancing is not possible.

 

Portfolio Activity

Margin Account Activity

There has been no buys or sells in this account.

TFSA Activity

There has been no buys or sells in this account. I have not taken any money out of this account in several months.

Shares Purchased Via DRIP

1 unit of CUF.UN @ $7.2935 for a total cost of $7.29 (TFSA)

2 shares of ERF.TO @ $3.4535 for a total cost of $6.91 (Margin Account)

0.736131 shares of BNS.TO @ $56.4845 for a total cost of $41.58 (Transfer Agent)

Cominar REIT pays a monthly distribution of $0.06 per unit per month, or $0.72 per unit annually. This DRIP adds $0.72 to my annual dividend income. The yield on cost for the DRIP unit is 9.88%.

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 3.47%.

Bank of Nova Scotia actually paid out their dividend on April 28. The drip shares did not show in my account to after the publishing of last month's post. Bank of Nova Scotia pays a quarterly dividend of $0.90 per share, or $3.60 per share annually. This drip adds $2.65 to my annual dividend income. The yield on cost for these DRIP fractional shares is 6.37%.

Enbridge, has suspended their DRIP program over a year ago. So, I receive a check in the mail for my Enbridge shares held directly with the transfer agent. If the DRIP program is re-instated, then my shares will DRIP automatically without any action on my part.

I have some other positions with the DRIP turned on, but might not have enough of a dividend to purchase a whole share. Boston Pizza Royalties Income Fund (BPF.UN) have suspended their dividend due to restrictions put in the place due to COVID19.

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

There has been no dividend increases in May 2020.

Dividend Decreases

There has been no dividend decreases in May 2020.

Summary:

As of June 3, 2020 , the total value of the portfolio is $111907.13. This is a 7.74% increase over last month's total.

The portfolio is estimated to produce an estimated $5129.12 in dividend income over the next 12 months. This is an decrease of $19.60 CAD , or 0.38%. Some of the dividends in the Canadian stocks section are paid in US dollars, which are converted to Canadian dollars. The US dollar has weakened over the last month which results in the lower exchange rate when converting US dollars to Canadian dollars.

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.

Did the pandemic change how you will live going forward regarding finances?

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.