Recent Dividend Increase

As an investor in the stock market, I like it when my positions do well.  I like investing even more when the stocks I own reward me as a shareholder with dividend increases.   I and my fellow shareholders receive a dividend increase when the specific company does well.

As we continue to battle COVID19 pandemic across the world and new variants being discovered, it is great to see some great positive news.

On January 26, 2021, Canadian National Railway “CN Rail” release its earnings. CN Rail trades on both the Toronto Stock Exchange and New York Stock Exchange under the ticker symbols CNR and CNI, respectively.

In the earnings release, CN Rail announced a dividend increase from $0.575 CAD per share quarterly to $0.615 CAD per share quarterly.  That is a 6.96% increase! 

I own 38 shares of CNR in my TFSA.  This increase adds $6.08 CAD to my annual dividend income.  

CN Rail also announced a new normal course issuer bid for share repurchase, which you can read about here.

Disclosure:   Long CNR

 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 - December 2020

     

      

The month of December 2020 is another month of dividend income landing in my accounts. Recently, I switched my pay yourself first model once again.   The interest on debt is 7.16% 5.66% plus the insurance on the debt. The decrease in the interest rate is a result of emergency rate cuts by the Bank of Canada over the COVID19 pandemic.  

Starting the beginning of January 2021.  I am paying myself 30%.  This will consist of 15% to investing, 12% to debt, and 3% to savings.   I am treating paying debt as paying myself first, to insure I am actually doing it. If I try to pay down debt after spending money on expenses, I might not get the debt paid off in a reasonable time.  I hoping I can keep this up! 

 

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

Non-registered Accounts 
  

Enbridge (ENB) - $243.00  (Margin Account)

Enbridge (ENB) - $21.29   (Transfer Agent)

Enerplus (ERF)  - $7.45

Intertape Polymer Group (ITP) - $23.78

Shaw Communications (SJR.B) - $19.75

Subtotal : $315.27


TFSA

A&W Royalties Income Fund  (AW.UN) - $11.40

Boston Pizza Royalties Income Fund (BPF.UN) - $15.73

Brookfield Renewable Partners Corporation (BEPC) - $4.37

Brookfield Renewable Partners LP (BEP.UN) - $28.93

Canadian National Railway (CNR) - $21.85

Cominar REIT (CUF.UN)    - $13.68

Enbridge (ENB) - $26.73

Killam Properties REIT (KMP.UN)    - $17.11

Subtotal: $139.80

Total = $455.07

I received a total of $455.07 in dividend income for the month of December 2020.  This represents a 9.75% increase from 3 months ago and 2.78% increase year over year. 

The small increase year over year was result of Cineplex stopping their dividend in February 2020, and offset by the unit split of Brookfield Renewable Partners LP.  The unit split resulted in 1 shares of BEPC for every 4 shares of BEP.UN that was owned.  That resulted in 8 shares of BEPC.  

I received dividend / distribution income from  11 different companies. 

I received $0.00 in option premiums within my investment accounts in December 2020.

I recently purchased Fortis  (FTS.TO) in my TFSA.  This purchase was after the ex-dividend date.  Fortis pays a dividend on December 1. 

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

Most of my dividend income comes from my margin account. 

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

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 December 2020?


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 Uodate - December 2020

 The month of December now behind us. The crazy year of 2020 is behind us.

The US election is still big news. The way the post election is turning out, I can't see Canada heading to a federal election while were still the midst of the pandemic.  The pandemic is actually getting worse in the second wave when compared to the first wave.      

In the last few days, Canadian politicians that travelled abroad are facing backlash from the public and from other politicians regardless of party affiliation.  Top medical professionals, premiers, prime minister, and health ministers have advised against travelling outside the country.

The S&P 500 finished up 15.5% in 2020.  The S&P TSX Composite Index finished  up 2.17%.  At the time of this writing, the price of a barrel of West Texas Intermediate Crude Oil is $48.42 USD per barrel 

Portfolio Activity

Margin Account Activity

There was no activity in this account.  I was able to keep all my dividends, instead of taking some money out.   

TFSA Activity

I was able to add cash to this account through paying myself first. 

On December 11, Brookfield Renewable Partners LP (BEP.UN) and Brookfield Renewable Partners Corporation (BEPC) had a 3:2 stock split.  This meant that I received 3 units or shares for every 2 units or shares that I owned.  

I owned 53 units of Brookfield Renewable Partners LP (BEP.UN) pre-split.  With the stock split, I now own 79 units. The 0.5 extra units is paid out as cash. 

I owned 8 shares of Brookfield Renewable Partners Corporation (BEPC) pre-split.  With the stock split, I now own 12 shares of BEPC.

The dividend and distribution for these 2 positions are the same amount.  Going forward, these get reduced by 3/2, or by 1.5, to reflect the 3:2 stock split.  These positions pay dividends and distributions in US dollars, so my investment tab spreadsheet  has the numbers converted to Canadian dollars.  

Shares Purchased Via DRIP

1 shares of ERF.TO @ $4.3135 for a total cost of $4.31 (Margin Account)

1 units of BPF.UN.TO @ $10.88157 for a total cost of $10.88 (TFSA)

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 2.78%.

Boston Pizza Royalties Income Fund pays a monthly distribution of $0.065 per unit monthly, or $0.78 per unit annually.  This drip adds $0.78 to my annual dividend income.  The yield on cost for this DRIP is 7.17%.

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 2 years ago, 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 December 8, Enbridge Inc. (ENB.TO) increased their quarterly dividend from $0.81 to $0.835 per share, or from $3.24 to $3.34 per share annually.  This is an increase of 3.09%. 

I own 359.278 shares of Enbridge , so this increase adds $35.93 CAD to my annual dividend income. 

Dividend Decreases

There was no dividend decreases in December 2020. 

Summary: 

As of January 2, 2021 , the total value of the portfolio is $124729.59. This is a 0.843% decrease over last month's total. 

The portfolio is estimated to produce an estimated $5508.46 CAD  in dividend income over the next 12 months. This is an increase of $34.20CAD , or 0.625%. 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 an