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.