Net Worth Update - December 25 2021

Today is December 25, 2021. Although passive income through dividends and option premiums is my focus when it comes to investing, I decide to do a post about my current net worth.

What is net worth? Simply put, net worth is calculated by adding up all assets and subtracting the total of all liabilities. Net worth is sometimes referred to as shareholder's equity. Assets and liabilities are part of the balance sheet.

Assets

Savings

The savings section is currently into 3 segments. The 3 parts are a "high" interest savings account, savings account, and an "investment" savings account.

The TFSA savings account was with Tangerine. I was frustrated with getting such a low interest rate with Tangerine. I took the money out and placed it in non-registered high interest rate savings account with EQ Bank. Unfortunately, the account did not disappear as interest was earned in the TFSA with Tangerine for the month I transferred the balance. The balance is $0.18. With a value this low, I do not even earn interest as the balance so low.  

On December 25, 2021, the value of the savings account with EQ Bank is $1177.32. As of the time of this writing, the interest rate for EQ Bank is currently sitting at 1.25%. 

The stock and ETF investment involves a stock and an ETF that I hold within my margin account. I keep the dividends and distributions received separate from the dividends I post in my dividend income updates.

I purchased an additional 3 units of BMO High Yield Covered Call ETF (ticker symbol ZWC.TO) at a total cost of $55.30 on November 30.  I purchased 1 unit of this ETF on December 22 at a total cost of $18.48.  My brokerage has zero commissions on purchase of ETFs. There is a small ECN fee which is a few pennies. The purchase of these units resulted in $0.01 in ECN fees. This ETF pays monthly. I received a total of $102.54 in total distributions as of December 25, 2021.

On August 31, 2021, I purchased 41 units of Transalta Renewables (ticker symbol  RNW.TO) at $19.52 per share for a total cost of $805.41.  There we no more purchases.  Transalta Renewables pays a monthly dividend of $0.07833 per share.  I  received a total of $9.63 in total dividends as of December 25, 2021.

On December 25, 2021 , the current value of this "stock / ETF account" is $2170.84   I have earned a total of $201.58 in total dividends/distributions in this account. 

Overall, the savings total is $3348.34. 

Non-registered Accounts

The non-registered accounts consist of a margin account and 2 stocks held directly with the transfer agents. The margin account is with Questrade. The total value is $111236.65 as of December 25, 2021. This is an increase of 5.10% since the last published net worth post.


TFSA Investing Account

The TFSA investing account balance is $61521.41 as of December 25, 2021. This account is with Questrade. This is an increase of 7.69% since the last published net worth post.

Trading Account

The trading account is with Questrade. There is an no active trade on in this account as of the time of this writing. As of December 25, 2021, the value of this account is $4347.77.

RRSP

I have transferred my RRSP from Tangerine to Questrade in April 2020. While at Tangerine, the RRSP was in the form of a "high" interest savings account. Now at Questrade, I decided to put the money to work.

As of December 25, 2021, I own 121 shares of CP Rail (Ticker Symbol  CP.TO) ,76 units of XAW, and 49 shares of Alimentation Couche-Tard  (ATD.B.TO).   I sell covered calls on the CP Rail position.  As of December 25, 2021, there is no active option trade on CP Rail.  My most recent covered call expired on December 17, 2021.      

The value of this account as of December 25, 2021 is $16666.80 . This is an increase of 10.09% from September 25, 2021.

Summary of Assets

Total Savings : $3348.34
Non-Registered accounts : $111236.65
TFSA Investing : $61521.41
Trading Account: $4347.77
RRSP Savings Account: $16666.80

Total Assets = $197120.97  (increase of 5.71% from 3 months ago)

Liabilities

The balance on my line of credit is $0.00. 

I have a margin loan of $1081.81 CAD.  The interest rate on the margin loan is 5.95%.  

Summary of Liabilities

Credit Line = $0.00

Margin Loan = $1081.81 

Total Liabilities = $1081.81 

Conclusion

On December 25, 2021, my net worth is $196039.16 . This is a increase of $9556.99, or 5.12%, from 3 months ago.


The market continues to go up. We are currently in the fifth wave of COVID19.  The fears of COVID19 once and awhile causes a major dip.  To prevent hospitals from being overwhelmed, more and more restrictions are being implemented to help lower the case count.  With a high percentage of people vaccinated, the hospitalizations are down, although active cases are at record highs. 

Click to Enlarge

To read the fifth net worth update, click here.

To read the sixth net worth update. click here.

To read the seventh net worth update, click here. 

To read the eighth net worth update, click here.  

Disclosure: - Long all 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.

Savings Hack

  My savings has taken a hit over the past 3 to 4 months.  I had to dig into my savings to pay for dental expenses.  The first dental expense was expected as it was a cleaning.  I then had to go for a second dental appointment expense was for 2 fillings.

About a week later, one of the fillings fell off.  I went to the dentist to get it fixed and the dentist tried to fix it.  It was a complete failure.  The dentist did not freeze my mouth and would do a little bit of bonding and then get me to feel it.  It was torture.  There was no charge.

Next week, I will be going to get it fixed.  I am going to make the  dentist freeze my month before any work is getting done.  There will likely be a charge for this.

When ever I got paid, I paid myself first 6% to my savings account.  All this went into a normal savings account.

How did I boost my savings?

My trading account did not have any active trades.  So, I decided to use this money and borrow some money on margin and did some trades.  Any dividends, capital gains and option premiums would be taking out immediately and place in my EQ Bank High Interest Savings Account (referral link).  The interest on this account is 1.25%.  

Trade #1  

Oct 20  - Bought 175 shares of T.TO at $27.74 for a total cost of $4859.71 including commissions.

Oct 22  - Sold 175 shares of T.TO at $27.92 for a total if $4880.79 including commissions.

Profit =  $4880.79-$4859.71

         = $21.08

Trade #2

Oct 26 - Bought 100 shares of ATD.B.TO at $48.25 for a total cost of $4829.95 including commissions.

This trade is still open.  I sold covered calls on the position.

Trade #3  (Covered Call #1)

Nov 1   Sold 1 Nov 26 2021 ATD.B.TO $49 Call at $1.40 for a net premium of $129.05

Nov 26  Covered call expired.

Trade #4  (Covered call # 2)

Dec 2  Sold 1 Jan 21 2022 ATD.B.TO $49 Call at $1.50 for a net premium of $139.05

As of December 24, this option has not been assigned.  The stock now trades under the ticker symbol ATD.TO.  The stock closed at $52.45 on December 24.

I received a dividend from ATD.TO for $11.00 CAD on December 16.

Summary:

Capital gains = $21.08

Option premiums = $268.10

Dividends  = $11.00

I made $300.18 that went directly to my savings.

For disclosure, I also own the stocks mentioned above in my other accounts.  

Note:  - T.TO is the ticker symbol for Telus Corporation

          - ATD.B.TO is the ticker symbol for Alimentation Couche Tard

Note:  ATD.B.TO was merged into ATD.A.TO at 1:1 ratio and ticker symbol changed to ATD.TO

Disclosure:  Long T.TO in TFSA

                  Long ATD.TO in RRSP

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.

Dividend Income From Some Canadian Bloggers - November 2021

On November 4,  the OSFI removed the restrictions on banks and insurance companies about no dividend increases and share buybacks.  OSFI stands for the Office of the Superintendent of Financial Institutions  The insurance companies started first with the dividend raises and buyback announcements.   The big 5 banks started their announcements starting November 30 and concluded December 3. 

Do I think the OSFI might bring back the restrictions on dividend raises and share buybacks?  Well, to be honest, I think it might just happen.  The omicron variant of covid19 virus  is suppose to be more milder but be more transmissible than the strains of the virus.  Travel restrictions have started and other restrictions have been more stricter once again.

Major events have happened on the weather front.  Major flooding and damage to several major highways in British Columbia.  For several days, there was no way for freight to get from the Vancouver area to the rest of Canada. Canadian Pacific Railway and Canadian National Railway both had significant damage to their infrastructure.  The ongoing supply chain crisis was made even worse with the flooding and excessive rain events in British Columbia.

Being an investor is more important now than ever.  It is getting more and more difficult to get a job and then be able to keep a job.

Let's get to the list of dividend income from some Canadian bloggers for November 2021. Of course, I first want to mention my own dividend income report.

All About The Dividends received $502.79 in dividend income and added over $6.99 in forward dividend income via DRIPs.  Their is also mention of the purchases that were made during November. 

Passive Canadian Income received $924 in total passive income in November 2021.  The amount of dividend income received was $324.58 

Reverse The Crush received $66.54 in dividend income in November 2021.  This is a 54% YoY increase.  

Our Life Financial received $1236.42 in total dividend income and 22 new shares via DRIP.  Also in the post, Our Life Financial mentions her new purchases during the month of November 2021.      

Moneymaaster received $637.47 in dividend income and dripped 27 new shares/units to boost his future dividend income. 

My Own Advisor and Gen Y Money shared their individual dividend income updates with the world.  Although their actual amount of dividend income received in November is not mentioned, there is some great information in their respective posts.    

Fire We Go, via a You Tube video, received $1956.43 in dividend income for the month of November 2021.  

Conclusion:

We all started with $0.00 of passive income and have grown our investments over time. Each "BUY" transaction can provide ongoing dividend income which may also be increased over time.

In Canada and the United States, many brokerage accounts offer commission free trades and/or commission free ETFs. You can get started on your investing journey with very little money.

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.

Investing With A Climate Change Focus - Part 2

This is my second part of my Investing With A Climate Change Focus.  You can read the first part, by clicking here.

In recent years, we have seen more and more extreme weather events occurring around the globe.  

In fact, in recent months we have seen some extreme weather events such as the atmospheric rivers that occurred in the province of British Columbia and the north western United States.  The Nooksack River in Washington State breached its banks.  When this happens, the overflow flows North into British Columbia. This flooded the area known as the Sumas Prairie which is located in the Abbotsford area of British Columbia

The atmospheric rivers caused large amount of rain to fall in a very short time.  British Columbia dealt with large amounts of wildfires and a heat dome even during this past summer.  The former event caused the latter event to be more destructive according to scientists.  The atmospheric rivers caused damage to several major highways including the main highway that connects the Vancouver area with the rest of Canada.  The main highway is the Coquihalla highway, which is still closed until at least January 2022.

As of the time of this writing, highway 3 has been fixed and his open to commercial traffic only.  This highway is mostly single lane in either direction with a lots of twists and turns and hills.

The port of Vancouver was effected from these atmospheric weather events due damage to the rail lines servicing the port.  The rails have  resumed operation.

I could mention more extreme weather events, but we constantly hear about them on a monthly basis in the news.

Investment #1   New Flyer Group

(Source: nfigroup.com)

Public transportation will play a more important role going forward.  As governments around the world implement a carbon tax, the cost of things will increase.  This will include driving a vehicle, heating your home, and the food you eat.   A way to reduce the amount of carbon tax you pay is to use public transportation which includes buses, light rail trains or subways.

New Flyer Group is mostly known as a manufacture of buses.  New Flyer Group consists of 13 subsidiaries.  NFI's CEO and President said, "NFI has successfully transitioned from a vehicle manufacturer to an electric mobility solutions provider, with an offering that includes zero-emission buses and coaches, charging infrastructure, telematics, and parts and service."

New Flyer buses are currently used in 13 countries.  Within these 13 countries,  the buses are currently used in 80+ countries or on order.  New Flyer Group have delivered 1701 zero-emission buses since 2015.  

New Flyer Group trades on the Toronto Stock Exchange under the ticker symbol NFI. The stock has fallen from its 52 week high due supply chain issues that are affecting global shipping.  

Ticker Symbol :    NFI.TO

Dividend:             $0.2125 quarterly

Closing Price:       $19.09  (as of December 16)

Yield:                   4.45%   

The stock is currently yielding 4.45%, which is 41 bps above the stocks own 5 year average yield.  

(Source: nfigroup.com)

Investment # 2   Algonquin Power and Utilities

Algonquin Power and Utilities consists of 2 divisions.  The two divisions are Regulated Services Group and Renewable Energy Group.  

Click To Enlarge

Regulated Services Group provided rate regulated water, electric, and gas utilities to over one million connected customers in communities across Canada and the United States.  These utility services consist of electricity distribution, natural gas distribution, water distribution, and wastewater treatment.

The Renewable Energy Group generates and markets electrical energy produced by its large portfolio of renewable power facilities.  The facilities are located in both Canada and the United States.  The renewable energy is generated via solar, thermal, hydroelectrical and wind.

As of September 30, 2021, Algonquin Power and Utilities gas over 4 GW of Renewables in operations or under construction.

As per the 2020 annual report, renewable power generation made up 55% of their power generation.  The company's goal is to have 75%  of renewable power generation by 2023.

Ticker Symbol:          AQN.TO

Dividend:                  $0.1706 USD quarterly

Closing Price:             $17.68 (December 16, 2021)

Yield:                        4.82% 

The stock is currently 4.82% (with the CAD equivalent of dividend), which is 53 bps higher than the stocks own 5-year average yield. 

 

Investment # 3   Transalta Renewables

TransAlta Renewables Inc. develops, owns, and operates renewable power generation facilities. As of March 3, 2021, it owned and operated 23 wind facilities, 13 hydroelectric facilities, 7 natural gas generation facilities, 1 solar facility, 1 natural gas pipeline, and 1 battery storage comprising an ownership interest of 2,537 megawatts of generating capacity located in the provinces of British Columbia, Alberta, Ontario, Quebec, and New Brunswick; and the States of Wyoming, Massachusetts, and Minnesota, as well as the State of Western Australia. The company was incorporated in 2013 and is headquartered in Calgary, Canada. TransAlta Renewables Inc. is a subsidiary of TransAlta Corporation. (Source: Yahoo Finance)

Transalta Renewables is often referred to as a yield co.  This company is 60% owned by TransAlta, which means Transalta has a large interest in the success of the company.

At a future date,  TransAlta could acquire 100% of TransAlta  Renewables.

The dividend has remained the same for years and the stock has run up in the last couple of years.  The run up in price is likely due to investors looking to be in the renewable energy space.  Renewable energy is the future. 

Ticker Symbol:       RNW.TO

Dividend:              $0.07833 per share monthly

Closing Price:        $18.23 (December 16)

Yield:                    5.16%

The stock is currently yielding 5.16%, which is 117 bps below the stocks own 5 year average yield of 6.33%.   

To find out some the current facilities in operation or development, click here. 

Summary 

These 3 companies play a vital role in the transportation and utility sector.  

New Flyer Group will play an even more important role in the future as the demand for cleaner public transit vehicles will grow to help reduce global emissions.

Algonquin Power and Utilities and TransAlta Renewables provide utilities that people need.  Renewable energy will be even more important in the years to come as more countries phase out or reduce their dependency on fossil fuels.

Disclosure:  Long NFI.TO, AQN.TO

Disclosure:  Long RNW.TO (in a "savings" account)

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.

Recent Dividend Increases

Over the past couple of years, the world has been in turmoil due to the COVID19 pandemic.  Currently, we are nowhere even close to ending the pandemic.  Just when we think we are winning the war against COVID19, a new variant of the virus causes cases to spread across the world.

On March 13, 2020, the Office of the Superintendent of Financial Institutions  basically said that "dividend increases and share buybacks of federal regulated financial institutions should be halted".  The big 5 banks definitely fall into this category.

Prior to this announcement, 4 of the 5 big five banks were raising their dividends semi- annually and the other bank was raising their dividend once a year.  

On November 4, 2021, the Office of the Superintendent of Financial Institutions gave the green light for federal regulation financial institutions to raise their dividends and participate in buybacks. 

Raise #1

On December 1, Royal Bank of Canada (RY.TO) increased their quarterly dividend from $1.08  to $1.20 per share quarterly, or from $4.32 to $4.80 per share annually.  This is an increase of 11.11%.

I currently own 56 shares of RY.TO.  This increase adds $26.88 to my annual dividend income. 

Raise #2

On December 2, Toronto-Dominion Bank (TD.TO) increased their quarterly dividend from $ 0.79 to $0.89 per share quarterly, or from $3.16 to $3.56 per share annually.  This is an increase of 12.66%.  

I currently own 62 shares of TD.TO.  This increase adds $24.80 to my annual dividend income.  

Raise #3

On December 2, Canadian Imperial of Bank of Commerce (CM.TO) increased their quarterly dividend from $1.46 to $1.61 quarterly, or from $5.84 to $6.44 per share annually.  This is an increase of 10.28%.

I currently own 110 shares of C.I.B.C. This increase adds $66.00 to my annual dividend income. 

Raise #4

On December 3, Bank of Montreal (BMO.TO) increased their quarterly dividend from $1.06 to $ 1.33 per share quarterly, or from $4.24 to $5.32 per share annually. This is an increase of 25.5%. 

I currently own 85 shares of Bank of Montreal.  This increase adds $91.80 to my annual dividend income. 

Raise #5

On December 7,  Enbridge (ENB.TO) increased their quarterly dividend from $0.835 to $0.86 per share quarterly, or from $3.34 to $3.44 per share annually.  This an increase or 2.99%.

I currently own a total of 359.278 shares of Enbridge.  This increase adds $35.93 to my annual dividend income.

Raise #6

On December 8, Mullen Group Ltd. (MTL.TO) increased their monthly dividend from $0.04 to $0.05 per share monthly, or from $0.48 to $0.60 per share annually.  This is an increase of 25.0%.

I currently own 100 shares of Mullen Group.  This increase adds $12.00 to my annual dividend income. 

Summary:

In 8 days, I received a total of 6 dividend increases.  All the dividend amounts above are in Canadian dollars.  

My forward 12 month dividend income increased by a total of $257.41 in Canadian dollars.

Disclosure:  Long all 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.

Dividend Income Update - November 2021

The month of November 2021 is another month of dividend income landing in my accounts.

Due to becoming debt free, I changed my pay myself model. Starting the beginning of August 2021. I am paying myself 30%, just like before. This will now consist of 24% to investing, and 6% to savings. The investment portion is going to my TFSA. Any money left over at the end of the month, I put towards investing on top of the money allocated from paying myself first. Hopefully, I can keep this up!

Note: All the dividends and totals below are in Canadian Dollars.

I received a total of $296.60 in dividend income for the month of November 2021. This represents a 0.767% increase from 3 months ago and 4.10% increase year over year.

I received dividend / distribution income from 7 different companies.

Cominar REIT did not pay a distribution as an all cash offer of $11.75 CAD per unit transaction is voted on by unitholders of the REIT.

As part of the Transaction, Cominar has agreed that distributions for October, November and December, 2021 will be suspended. If the Transaction has not closed by January 15, 2022, Cominar intends to reinstate the distribution in respect of the second half of January, 2022 payable in February, 2022 to unitholders of record on January 31, 2022 and for each month thereafter. (Source : Q3 Earnings release)

I received $0.00 in option premiums within my investment accounts in November 2021.

Below is a visual of my dividend totals for the last 5 years.

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Most of my dividend income comes from my margin account.

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Next, I will show the percentage of total income for each position.

Click to Enlarge

I will update my dividend income tab with the new amount. I will include my option premium income also. It is great to see money from passive income sources deposited into my brokerage account every single month.

Note: Any activity in my RRSP account is not included in these totals.

How was your dividend income for November 2021?

Disclosure : Long all mentioned securities

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.

Portfolio Update - November 2021

The month of November 2021 is now behind us.

On November 4,  the Organization For the Superintendent of Financial Institutions, or OSFI, lifted the ban on banks and insurance companies raising their dividends and share buybacks.  This ban went into effect from March 2020 and continued to November 4th of 2021.  The ban was put in place to help everyday people during the COVID19 pandemic.  Although the pandemic is no where near an end, more and more people are becoming fully vaccinated. 

The global shipping crisis is still a major issue.  The global shipping crisis exploded to more than it was pre-pandemic.  When plants and factories in China were completely shut down during the lockdowns, no product was being made.  A lot of other countries also implemented lockdowns to help curb the spread of COVID19. 

There is now a new variant of the COVID19 virus called the omnicron variant.  The fear of this variant has spread to the stock market for a short time.  

During the month of November, British Columbia experienced 3 weather events that came known as atmospheric rivers.  This is when a large amount of rain falls in a short period of time.  As part of these weather events, the Nooksack river in Washington State breached its banks and flooding heads north into British Columbia.  This flooded the Sumas Prairie area around Abbotsford, British Columbia.

These so-called atmospheric rivers caused extensive damage and flooding around the southern interior of British Columbia.  The major transportation link, the Coquihalla Highway was damaged with a major washout of 2 bridges cutting off travel in both directions.  The other major highway 1 (Trans Canada was damaged flooded or damaged from Abbotsford to Hope and then north from Hope.  Also, highway 3 was damaged east of Hope.   So, this closed down all 3 major highways that connect Vancouver area to rest of Canada.

The atmospheric rivers also caused damage to CN Rail and CP Rail infrastructure, bringing trains into and out of Vancouver to a halt.  The port of Vancouver is Canada's largest port.    

In the last 6 months, British experienced a tonne of wildfires and a heat dome. The atmospheric rivers caused more damage as water absorption was negatively effected do the wildfires and heat dome.  

Portfolio Activity

Margin Account Activity

On November 19, I purchased 100 shares of Mullen Group Ltd at $12.045 per share for a total cost of $1209.80 including commissions.   Mullen Group Ltd trades on the Toronto Stock exchange under the ticker symbol of MTL.  

Mullen Group pays a dividend of $0.04 per share monthly, or $0.48 per share annually.  This purchase adds $48.00 CAD to my annual dividend income.  The yield on cost of this purchase is 3.97%.

Mullen Group Ltd is one of Canada's largest transportation and logistics companies in Canada.  The company's mission if to acquire companies with the goal of improving their performance.   The companies under their umbrella are independently operated businesses.  These operating businesses are separated into 4 different business categories.  

The 4 different business categories are as follows:

• Less-Than-Truckload (LTL)
• Logistics and Warehousing
• Specialized & Industrial
• US and International Logistics

Their operations are mostly in Western Canada.  They have been expanding into Ontario and into the United States.  

TFSA Activity

There was  further activity in this account since last portfolio update.  I continue to add money to this account via paying myself first.  All the dividends remained in the account.  

Shares Purchased Via DRIP

1 unit  of BPF.UN.TO @ $15.31431 for a total cost of $15.31 (TFSA)

Boston Pizza Royalties Income Fund pays a distribution of $0.085 per unit monthly, or $1.02 per unit annually.  This drip adds $1.02 CAD  to my annual dividend income.  The yield on cost for this DRIP is 6.66%.

I have some other positions with the DRIP turned on, but might not have enough of a dividend to purchase a whole share. 

My Enbridge position directly with the transfer agent is set up to DRIP.  Around November 2018, Enbridge stopped their DRIP program.  If Enbridge decides to start a DRIP, then my shares will start to DRIP again automatically.  

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 November 4,  Enerplus Corporation  (ERF.TO) increased their dividend from $0.038 to $0.041 per unit quarterly, or from $0.152 to $0.164 per share annually.  This is an increase of 7.89%.   

I own 756 shares of Enerplus at the time of the increase.  This increases adds $9.07 CAD to my annual dividend income. 

On November 5, Telus Corporation (T.TO) increased their dividend from $0.3162 to $0.3274 per unit quarterly, or from $1.2648 to $1.3096 per unit annually.  This is an increase of 3.54%. 

I own 48 units of Telus Corporation.  This increase adds $2.15 CAD to my annual dividend income. 

On November 30, Bank of Nova Scotia  (BNS.TO) increased their dividend from $0.90 to $1.00 CAD per share quarterly, or from $3.60 to $4.00 CAD per share annually.  This an an increase of 11.1%. 

I own 85.136406 shares of Bank of Nova Scotia.  This increase adds $34.05 CAD to my annual dividend income.  

Dividend Decreases

There was no dividend decreases in November 2021. 

Summary: 

As of December 4 2021 , the total value of the portfolio is $166253.84 . This is a 3.21% decrease over last month's total. 

The portfolio is estimated to produce an estimated $6255.10 in dividend income over the next 12 months. This is an increase of $118.66 CAD , or 1.93%. 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), Brookfield Renewables Corporation (BEPC.TO), and Algonquin Power and Utilities (AQN.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. 

Note: Dividend increases or decreases announced in December 2021 will be mentioned in next portfolio update.  The spreadsheet will be updated to reflect any corresponding increases or decreases at that time. 

Disclosure: Long aforementioned stocks

 Edit:  Enbridge dividend of $21.95 from transfer agent that gets deposited in my bank added to the total portfolio value. 

               
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.

Dividend Income From Some Canadian Bloggers - October 2021

 On October 26, the federal cabinet was sworn in at Rideau Hall.  There was a lot of people named to cabinet for the first time and ministers were moved to other departments.

One of the major changes was the naming of Steven Guilbeault was named the new minister of Environment in Climate Change.  Steven Guilbeault is best known as his role as an environmental activist. 

The former minister of Environment and Climate Change, Jonathan Wilkinson, was moved to Natural Resources.  

This is viewed by some as Canada making climate change even more a priority. What happened this summer in British Columbia was an eye opener for many people.

In British Columbia this summer,  residents experienced a large amount of wildfires combined with a heat dome.  A small community in British Columbia, Lytton, set a new temperature record in Canada at 49.6°C one day and next day burned to the ground in a very short amount of time.  A heat dome is a prolonged heat wave in which the temperatures do not cool down at night. The heat dome also affected Alberta.  

The price of goods has increased drastically.  This is due to government spending during the COVID19 pandemic and the current global shipping backlog.  The global shipping backlog was brought on by the pandemic.  During the lockdowns across the globe, entire plants and factories were shut down.  

Some of the major things going on with the world will effect the stock market going forward. 

Let's get to the list of dividend income from some Canadian bloggers for October 2021. Of course, I first want to mention my own dividend income report.

All About The Dividends received $644.05 in dividend income and added over $25.60 in forward dividend income via DRIPs.  

Passive Canadian Income received $1646.35 in total passive income in October 2021.  The amount of dividend income received was $913.36  and dripped 18 new shares.

My Dividend Snowball received $4684.35 in total passive income in October 2021.  The amount of dividend income received was $4090.98.   

Reverse The Crush received $77.82 in dividend income in October 2021.  This is a 91% YoY increase.  

Our Life Financial received $3916.00 in total dividend income and 70 new shares via DRIP.  Also in the post, Our Life Financial mentions her new purchases during the month of October 2021.      

Moneymaaster received $1343.54 in dividend income and dripped 52 new shares/units to boost his future dividend income. 

My Own Advisor and Gen Y Money shared their individual dividend income updates with the world.  Although their actual amount of dividend income received in October is not mentioned, there is some great information in their respective posts.    

Fire We Go, via a You Tube video, received $1053.98 in dividend income for the month of October 2021.  

Conclusion:


We all started with $0.00 of passive income and have grown our investments over time. Each "BUY" transaction can provide ongoing dividend income which may also be increased over time.

In Canada and the United States, many brokerage accounts offer commission free trades and/or commission free ETFs. You can get started on your investing journey with very little money.

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

Investing With A Climate Change Focus

COP26 is wrapping up. COP26, or the 26th conference of the parties, have discussed how to tackle climate change.  The goal is to take massive action to reduce the affects of climate change.

Climate change affects our lives in all ways.  Insurance claims from climate change related disasters have caused insurance premiums to increase for majority of the population.  The quality of life for people have been affected all over the world.  Extreme weather events occur at a more frequent rate.

The amount and size of wildfires have increased.  Locations that have experienced drought or less precipitation are at risk of severe wildfires.  Things such as a lightning strike, or a burning cigarette butt can lead to a fire.  This can lead to a wildfire that can increase in size at a quick pace due to very dry conditions.   In North America, we have seen this during the most recent summer.  A small community in British Columbia, Lytton, burned to the ground during a heat dome event.  The day prior to the town burning to the ground, Lytton reached a temperature of 49.6°C.  This is the highest temperature ever recorded in Canada.

Hurricanes have caused more destruction in recent years as they are stronger.  This is due to the warming of the oceans.

Do you want to be part of companies with a renewable energy focus and collect passive income at the same time?

I am going to discuss to investment options that an investor might want to consider on their investing journey.

Investment #1 - Brookfield Renewable Partners

Brookfield Renewable Partners is a pure-play renewable power company that operates across the globe.  Brookfield Renewable Partners are involved in solar, wind, hydro electric, and storage in North America, South America, Europe and Asia.  

A general break down of operations in 2021 are as follows:

• Hydro  ->  8000 MW in operation and 2600 MW in development
• Wind   -> 5000 MW in operation and 8600 MW in development
• Solar   -> 2200 MW in operation  and 17,300 MW in development

Brookfield Renewables owns directly or partially owns around 6000 renewable power generating facilities across the globe.

Brookfield Renewable Partners trades on the Toronto Stock Exchange under the ticker symbols BEP.UN and BEPC.  The company also trades on the NYSE under the symbols BEP and BEPC. 

Brookfield currently pays a $0.30375 USD quarterly dividend.  The companies aims to grow its distribution / dividend by 5% to 9% per year. 

Investment #2 -  Fortis Inc.

Fortis Inc is an electrical utility holding company with it's headquarters located in the Canadian province of Newfoundland and Labrador.  The company has operations in Canada, United States, Central America and the Caribbean.  

The following graphic is from their most 2020 annual report.  

Revenue grew from $3.747 billion in 2011 to $8.935 billion in 2020.  That's a CAGR of 10.14% over the last 10 years. 

Fortis pays a quarterly dividend of $0.535 CAD and has increased the dividend for 48 consecutive years. This is the second longest streak in Canada. The most recent dividend increase was 5.94% and was announced in September 2021.  The company has a goal to grow the dividend annually 6% through 2025. 

The stock trades on the Toronto Stock Exchange and New York Stock Exchange under the ticker symbol FTS.

Investment # 3  Emera Inc.

Emera is an energy and services company that operates through its various subsidiaries.  Emera delivers energy to its customers in Canada, United States and the Caribbean. 

From Emera's 2020 annual report, the following graphic indicates part of their climate commitment.

Click to Enlarge

The company grew revenue from $2.064 billion in 2011 to $5.506 billion in 2020.  That's a CAGR of 11.52% over the last 10 years.

Emera pays a quarterly dividend of $0.6625 per share.  The most recent dividend increase was 3.92%.  Since 2000, the dividend has grown at a CAGR of approximately 6%.  Emera is targeting growing their dividend annually 4-5% through 2024.

Emera trades on the Toronto Stock Exchange under the ticker symbol EMA.

Summary:

Brookfield Renewable Partners is in the renewable energy space.  Emera and Fortis will be transitioning their operations to a more renewable focus in the coming years.  

I own all 3 stocks which include both BEP.UN and BEPC.  I started to accumulate shares in Emera in 2011 and never sold any shares. 

These 3 companies allow people to live their day to day lives.  

Disclosure:  Long EMA, FTS, BEP.UN, BEPC

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.

Dividend Income Update - October 2021

               

      

The month of October 2021 is another month of dividend income landing in my accounts.  

Due to becoming debt free, I changed my pay myself model.  Starting the beginning of August 2021.  I am paying myself 30%, just like before.  This will now consist of 24% to investing, and 6% to savings.  The investment portion is going to my TFSA. Any money left over at the end of the month, I put towards investing on top of the money allocated from paying myself first.  Hopefully, I can keep this up!

 

Note: All the dividends and totals below are in Canadian Dollars.

I received a total of $683.79 in dividend income for the month of October 2021.  This represents a 3.76% increase from 3 months ago and 8.41% increase year over year.    

I received dividend / distribution income from  14 different companies.  

I received $0.00 in option premiums within my investment accounts in October 2021.

Below is a visual of my dividend totals for the last 5 years.

Click To Enlarge

Most of my dividend income comes from my margin account. 

Click To Enlarge

Next, I will show the percentage of total income for each position.

Click To Enlarge

I will update my dividend income tab with the new amount. I will include my option premium income also. It is great to see money from passive income sources deposited into my brokerage account every single month.

Note: Any activity in my RRSP account is not included in these totals. 

How was your dividend income for October 2021?

Disclosure : Long all mentioned securities

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.

Portfolio Update - October 2021

 The month of October 2021 is now behind us.

The major story of October was the ongoing supply crisis happening in the global economy.  This was brought on by the COVID19 pandemic.  How you might ask?  When the lockdowns occurred in places such as China, factories and other industries were closed down.  When lockdowns started to end, the work at factories and other industries ramped up really quick.  

Fast forward to the month of October, we currently have about 100 cargo ships sitting in waters near the port of Los Angeles.  To make matters worse, this major port is not operating 24/7.  President Joe Biden announced that the port will go to 24/7 to help reduce the back log.  The port does not have the staff to be able to run 24/7.  If and when new staff are hired, they will have to be trained.  Majority of the freight from cargo ships destined for the United States arrives at 2 ports.  These ports are the port of Los Angeles and another port on the east side of the United States.  

COVID19 is still front and center in the news.  More and more companies, and government entities have implemented a mandatory vaccination policy for their employees.  This is causing major issues  as people are refusing to get vaccinated or to partake in rapid testing at their own expense.  

The price per barrel for crude oil is over $75.00 USD per barrel.  This price for crude oil, government printing over over the years and the global shipping crisis, as increased the cost of living drastically.  The price per barrel of oil is good for energy companies bottom line.  A few energy companies have raised their dividends by a large amount over the last few months.   

Portfolio Activity

Margin Account Activity

On September 10, I sold 1 NFI.TO October 15 2021 $28 put option and collected a premium of $24.05 after commissions. 

The above option was assigned on October 15.  I now own 100 shares of NFI Group.  Currently, NFI Group pays a $0.2125 per share quarterly, or $0.85 per share annually.  This purchase adds $85.00 CAD to my annually dividend income. 

TFSA Activity

On November 5, I purchased 53 shares of Algonquin Power and Utilities (Ticker symbol AQN.TO ) at $17.78 for a total cost of $947.48 including commissions.  I did not write a post about this transaction. 

Algonquin Power and Utilities pays its dividend in US dollars.  Alqonquin Power and Utilities pays a dividend $0.1706 USD per share quarterly, or $0.6824 USD per share annually.

This purchase adds $36.17 USD to my annual dividend income. This is equivalent to $45.06 in Canadian dollars at the time of this writing. The dividend is converted to Canadian dollars prior to being deposited in my brokerage account.  The yield on cost of this purchase, using the Canadian dollar equivalent, is  4.76%.

There was no further activity in this account.  I continue to add money to this account via paying myself first.  All the dividends remained in the account.  

Shares Purchased Via DRIP

0.704678 shares of BNS @ $82.2929 for a total cost of $57.99 (Transfer Agent)

2 shares of AQN @ $15.13 USD for a total cost of $37.43.  (TFSA)

1 unit  of BPF.UN.TO @ $14.71 for a total cost of $14.71 (TFSA)

Bank of Nova Scotia pays a dividend of $0.90 per share quarterly, or $3.60 per share annually.  This drip adds $2.54 CAD to my annual dividend income.  The yield on cost for this DRIP is 4.37%. 

Boston Pizza Royalties Income Fund pays a distribution of $0.085 per unit monthly, or $1.02 per unit annually.  This drip adds $1.02 CAD  to my annual dividend income.  The yield on cost for this DRIP is 6.93%.

Algonquin Power and Utilities  pays a dividend of $0.1706 USD per share quarterly, or $0.6824 per share annually.  This drip adds $1.36 USD to my annual dividend income.  At the time of this writing, the Canadian dollar equivalent is $0.8502 per share.  The yield on cost (using CAD) for this DRIP is 4.54%. 

I have some other positions with the DRIP turned on, but might not have enough of a dividend to purchase a whole share. 

My Enbridge position directly with the transfer agent is set up to DRIP.  Around November 2018, Enbridge stopped their DRIP program.  If Enbridge decides to start a DRIP, then my shares will start to DRIP again automatically.  

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 8,  Boston Pizza Royalties Income Fund (BPF.UN.TO) increased their distribution from $0.065 to $0.085 per unit monthly, or from $0.78 to $1.02 per share annually.  This is an increase of 30.77%.   

I own 257 shares of Boston Pizza Royalties Income Fund at the time of the increase.  This increases adds $61.68 CAD to my annual dividend income.

On October 20, A&W Royalties Income Fund (AW.UN.TO) increased their distribution from $0.15 to $0.155 per unit monthly, or from $1.80 to $1.86 per unit annually.  This is an increase of 3.33%. 

I own 38 units of A&W Royalties Income Fund.  This increase adds $2.28 to my annual dividend income. 

On October 28, TFII International  (TFII.TO) increased their dividend from $0.23 USD to $0.27 USD per share quarterly, or from $0.92USD to $1.08 USD per share annually.  This an an increase of 17.4%. 

I own 50  shares of TFI International.  This increase ads $8.00 USD to my annual dividend income.  This is equivalent to $9.97 in Canadian dollars at the time of this writing.   

Dividend Decreases

There was no dividend decreases in October 2021. 

Summary: 

As of November 5 2021 , the total value of the portfolio is $171773.70 . This is a 5.87% increase over last month's total. 

The portfolio is estimated to produce an estimated $6136.44 in dividend income over the next 12 months. This is an increase of $197.95 CAD , or 3.33%. Some of the dividends in the Canadian stocks section are paid in US dollars, which are converted to Canadian dollars.  This is the first time, I surpassed the $6000.00 amount in dividend income for the next 12 months.

Please Note: Positions in Restaurant Brands International (QSR.TO) , Intertape Polymer Group (ITP.TO), Brookfield Renewables Corporation (BEPC.TO), and Algonquin Power and Utilities (AQN.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. 

Note: Dividend increases or decreases announced in November 2021 will be mentioned in next portfolio update.  The spreadsheet will be updated to reflect any corresponding increases or decreases at that 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 an