Saturday, November 7, 2020

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.

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