Wednesday, July 1, 2020

Portfolio Update : June 2020

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

COVID19 continues to rear its ugly head as it continues to spread across the world.  Governments at all levels have started to relax some of their rules when it comes to businesses operating and how they are to operate.  Businesses in most jurisdictions have to have social distance protocols and strict cleaning regimes in place in order to operate.  People are still concerned about the dangers to their health and the state of their jobs and finances.


Some employers have mandated that each employer fill out COVID19 questionnaires and temperature checks for an employee to complete prior being able to work that day.  Other employers (i.e. white collar jobs) have had employees work at home.

During the past week, another virus is starting to make news.  This is a swine flu virus that has been discovered in pigs in China.  It was stated that this could lead to a pandemic, but nothing to worry about at the present time.  We all heard something like that a few months back about COVID19.

Portfolio Activity

Margin Account Activity

I built up cash in my margin account in recent months.  So, I decided to make a purchase.

I decided to average down on my position of Intertape Polymer Group.  The ticker symbol is ITP and trades on the Toronto Stock Exchange.  I purchased 70 shares of Intertape Polymer Group at $12.05 per share on June 11.  The total cost of this purchase was $848.70 including commissions.

Intertape Polymer Group pays a quarterly dividend of $0.1475 USD per share, or $0.59 USD per share annually.  Most of the companies operations are in the United States, although the company is headquartered in Canada.  The dividends are converted to Canadian dollars prior to being placed in my margin account.  

This purchase adds $41.30 USD to my annual dividend income.  At the time of this writing, this is equivalent to $56.15 in Canadian dollars. 

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. 


After my recent purchase of Intertape Polymer Group in my margin account,  I started paying myself first with placing the money in my TFSA.  

Shares Purchased Via DRIP

1 unit of CUF.UN @ $8.2335 for a total cost of $8.23 (TFSA)

1 shares of ERF.TO @ $3.9835 for a total cost of $3.98 (Margin Account)

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 8.75%.

Enerplus pays a monthly dividend of $0.01 per share monthly, or $0.12 per share annually. This drip adds $0.12 to my annual dividend income. The yield on cost for this DRIP is 3.02%.

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 June 2020. 

Dividend Decreases

There has been no dividend decreases in June 2020. 

Summary: 

As of July 1, 2020 , the total value of the portfolio is $107082.98. This is a 4.31% decrease over last month's total. 

The portfolio is estimated to produce an estimated $5188.44 in dividend income over the next 12 months. This is an increase of $59.32 CAD , or 1.157%. 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.

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