Portfolio Update : February 2021

 The month of February 2021 is now behind us. 

During the month of February, the polar vortex came in full force.  This brings real cold temperatures for about a week to ten days.  This is a positive for the oil and gas sector as it shows just how important this industry in keeping us warm.

COVID19 continues to haunt the entire world.  In Canada, some regions are doing well while others are struggling.  The presence of new variants of the virus are worrying health care professionals.  The roll out of vaccines continue to be plagued by shortages and disruptions.  

Portfolio Activity

Margin Account Activity

I added to my position in Emera Inc (EMA.TO).  I purchased 22 shares at $50.47 for a total cost of $1115.37 including commissions.

This purchase adds $56.10 CAD to my annual dividend income. 

TFSA Activity

I was able to add cash to this account through paying myself first.  The cash along with dividends have made it time for another purchase. 

I added to my position in Fortis Inc. (FTS.TO).  I purchased 30 shares at $50.78 for a total cost of $1528.46 including commissions.

This purchase adds $60.60 CAD to my annual dividend income.

You can read more about Fortis and Emera buys by clicking here. 

Shares Purchased Via DRIP

1 shares of ERF.TO @ $5.8135 for a total cost of $5.81 (Margin Account)

1 unit  of BPF.UN.TO @ $11.4855 for a total cost of $11.49 (TFSA)

Enerplus pays a dividend of $0.01 per share monthly, or $0.12 per share annually. This drip adds $0.12 CAD to my annual dividend income. The yield on cost for this DRIP is 2.07%.

Boston Pizza Royalties Income Fund pays a distribution of $0.065 per unit monthly, or $0.78 per unit annually.  This drip adds $0.78 CAD  to my annual dividend income.  The yield on cost for this DRIP is 6.79%.

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 February 4 , Bell Canada Enterprices (BCE.TO) increased their quarterly dividend from $0.8325 to $0.875 per share, or from $3.33 to $3.50 per share annually.  This is an increase of 5.12%. 

I own 100 shares of Bell Canada Enterprises , so this increase adds $17.00 CAD to my annual dividend income. 

On Febuary 4, Brookfield Renewables Partners announced an increase to their quarterly dividend from $0.28925 USD to $0.30375 USD, or $1.157 USD to $1.215 USD annually.  This is an increase of 5.01%.

This increase is for both BEPC.TO and BEP.UN.  I own 12 shares and 79 units, respectively.  This increase adds $5.28 USD to my annual dividend income.  At the time of this writing, this is equivalent to $6.73 in Canadian dollars.

On February 17, A&W Royalties Income Fund (AW.UN) increased their monthly distribution from $0.10 to $0.135, or $1.20 to $1.62 annually.  This is an increase of 35%.  The distribution was suspended early in 2020 due to COVID, and then a distribution was started again at a much lower amount. 

I own 38 units of A&W Royalties Income Fund.  So this increase adds $15.96 CAD to my annual dividend income.  

Dividend Decreases

There was no dividend decreases in February 2021. 

Summary: 

As of February 28, 2021 , the total value of the portfolio is $131900.99. This is a 0.71% increase over last month's total. 

The portfolio is estimated to produce an estimated $5684.71 in dividend income over the next 12 months. This is an increase of $162.02 CAD , or 2.93%. 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), 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

Recent Dividend Increase

On February 17, A&W Royalties Income Fund released their 4th quarter results.  December 31, 2020 is the end of the 4th quarter.

A&W Restaurants have had a tough go of it in 2020 due to lockdowns in various places where their restaurants are located.  The drive thru remained opened, but the restaurants was closed to in-person dining at various times.

A&W Royalties Fund announced an increase to their monthly distribution.  The monthly distribution was increased from $0.10 to $0.135, which is an increase of 35%.   During 2020, the distribution was suspended due to the first wave of COVID19.  Eventually, the distribution was lower then previous distribution when it was restarted.  

The new distribution rate will start for unitholders of record March 15, to be paid on March 31.

I own 38 shares of AW.UN at this time.   This increase adds $15.96 to my annual dividend income.

Disclosure:  Long AW.UN

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 Purchases

Are you thankful to be able to flick a switch and have light in your house or apartment? Could you imagine your life without electricity? 

Recent Buy # 1 

Emera Inc. (EMA.TO) started from a single electric utility in Nova Scotia. The company has grown to be an energy company that serves over 2.5 million customers in Canada, the US and the Caribbean.

I did a stock analysis on Emera Inc last year, which you can read here. 

As of February 19, Emera is yielding 5.0%. This yield is 40 bps below the stock’s own 5 year average of 4.6%. The current yield is approximately 200 bps below that of the broader market.

In the early market hours on February 19, I purchased 22 shares of Emera Inc (EMA) at $50.47 for a total cost of $1115.37 including commissions.

Emera pays a quarterly dividend of $0.6375 per share, or $2.55 per share annually. The yield on cost for this purchase is 5.03%.

This purchase adds $56.10 CAD to my annual dividend income.

This purchase was in my margin account as it adds to my current position.

Recent Buy # 2 

Fortis Inc. is another utility. I recently started a position of Fortis within my TFSA. I previously did a stock analysis on Fortis, which you can read about here.

On February 19, I purchased 30 shares of Fortis at $50.78 for a total cost of $1528.46 including commissions.

Fortis pays a quarterly dividend of $0.505 per share, or $2.02 per share annually. The yield on cost of this purchase is 3.96%.

This purchase adds $60.60 CAD to my annual dividend income.

This purchase was made in my TFSA.

Summary:

Both of these purchases were in the utility space.  Also, both these companies provide some of their energy via renewables.  

I now own 122 shares of Emera in my margin account.

I now own 47 shares of Fortis in my TFSA.  For disclosure, I also have a position of 78 shares of Fortis in my trading account and 200 shares of Fortis in my RRSP.  In terms of the latter, I write covered calls on Fortis in order to use the option premium collected to purchase XAW.  XAW is ex-Canada Global ETF.  

These purchases add $116.70 CAD to my annual dividend income. 

I will update my investing spreadsheet in early March with these purchases.

Disclosure:  Long FTS.TO, EMA.TO, XAW.TO

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 last week or so, I received 4 different dividend increases from 3 different companies.

Raise # 1

Bell Canada Enterprise (BCE.TO) announced earnings on February 4.  BCE announced an increase to their dividend from $0.8325 per share to $0.875 per share quarterly, or from $3.33 to $3.50 per share annually.  This is an increase of 5.11%.

I own 100 shares of BCE.TO.  This increase adds $17.00 to my annual dividend income.

Raise #2 and Raise #3

Brookfield Renewable Partners announced earnings on February 4. The distribution / dividend was increased from $1.157 USD to $1.215 USD per share annually, or from $0.28925 USD to $0.30375 USD quarterly. This represents an increase of 5.01%.

This new dividend amount is the same for both the BEP.UN units and BEPC shares.  I kept all my units and shares of these 2 companies.

I own 79 units of BEP.UN and 12 shares of BEPC.  This increase adds $5.28 USD to my annual dividend income.  This is equivalent to $6.70 in Canadian dollars at the time of this writing. 

Raise #4

Restaurant Brands International (QSR.TO) released their earnings on February 11.  Restaurant Brands International is the parent company of Tim Horton's, Burger King and Popeye's Louisiana Kitchen.  These 3 businesses have been hit hard by the COVID19 pandemic.  People working from home and other government restrictions affects the traffic who visit their place of business.

On February 11, Restaurant Brands International increased their quarterly dividend from $0.52 USD to $0.53USD, or from $2.08 USD to $2.12 USD annually.  This is an increase of 1.923% .

I own 100 shares of QSR.TO.  This increase adds $4.00 USD to my annual dividend income.  This is equivalent to $5.08 in Canadian dollars at the time of this writing.  

Disclosure:  Long QSR.TO, BEP.UN, BEPC, BCE

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 - January 2021

      

      

The month of January 2021 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 
  

Bank of Nova Scotia (BNS) - $55.95     (Transfer Agent)

Bank of Nova Scotia (BNS) - $18.00     (Margin Account)

Bell Canadian Enterprises (BCE) - $83.25

Canadian Imperial Bank of Commerce "C.I.B.C" (CM) - $160.60

Enerplus (ERF)  - $7.46

Restaurant Brands International (QSR) - $65.55

Rogers Communications Class B (RCI.B) - $100.00

Shaw Communications (SJR.B) - $19.75

Subtotal : $510.56


TFSA

A&W Royalties Income Fund  (AW.UN) - $3.80

Boston Pizza Royalties Income Fund (BPF.UN) - $64.40

Killam Properties REIT (KMP.UN)    - $17.11

TD Bank (TD)  - $48.98

Telus Corporation  (T) - $14.94

TFI International (TFII) - $14.50

Subtotal: $163.73

Total = $674.29

I received a total of $674.49 in dividend income for the month of January 2021.  This is my highest monthly total ever.  This represents a 6.90% increase from 3 months ago and 8.77% increase year over year. 

Boston Pizza Royalties Income Fund paid a special distribution of $0.20 per unit at the end of January.  This fund also paid its regular monthly distribution of $0.065 per unit.   

I received dividend / distribution income from  13 different companies. 

I received $0.00 in option premiums within my investment accounts in January  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 January 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 : January 2021

The first month of 2021 is now behind us.  

The major event of January 2021 was the inauguration of President Joe Biden of the United States.  On his very first day as President of the United States, President Biden cancelled the Keystone XL pipeline and announced that the United States will be rejoining the Paris Agreement on Climate Change.

The Keystone XL pipeline would of brought oil from the oil sands in Northern Alberta in Canada to refineries in the southern United States.  TC Energy, formerly Trans Canada Pipelines, was the owner of this pipeline.  The pipeline was already under construction on both sides of the border.  Immediately, TC Energy, stopped construction and laid of workers.

The railways have stated that they don't think they are the permanent  way to transfer oil as it is much safer to do it by pipeline. I do own shares in CN Rail.

Another major issue that continues to rock the world is the COVID19 pandemic.  The threat of lockdowns are constant right across North America.  For provinces or states that current lockdowns, their has been massive layoffs.  With places that have been allowed to stay open, they might have limited capacity in their stores. In Alberta, places like grocery stores have people standing outside in the cold waiting to enter stores.  

Canada has banned all flights to and from Caribbean destinations and Mexico last January 31 to April 30.  People had a couple days notice of these restrictions and were left scrambling.  Four major airlines (West Jet, Sunwing, Air Canada, and Air Transat) said they will fly down empty to bring passengers back to Canada. 

Currently, we are in a second wave of COVID19 and heading towards a third wave in the coming months.  Vaccine rollout has been slow. 

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. 

Shares Purchased Via DRIP

1 shares of ERF.TO @ $4.6935 for a total cost of $4.69 (Margin Account)

0.814790 of BNS.TO @ $68.6680 for a total cost of $55.95 (Transfer Agent)

6 units of BPF.UN.TO @ $10.5935 for a total cost of $63.56 (TFSA)

Enerplus pays a dividend of $0.01 per share monthly, or $0.12 per share annually. This drip adds $0.12 CAD to my annual dividend income. The yield on cost for this DRIP is 2.56%.

Boston Pizza Royalties Income Fund pays a distribution of $0.065 per unit monthly, or $0.78 per unit annually.  Boston Pizza Royalties Income Fund also paid a special distribution of $0.20 per unit.  This drip adds $4.68 CAD  to my annual dividend income.  The yield on cost for this DRIP is 7.36%.

Bank of Nova Scotia pays a quarterly dividend of $0.90 CAD per share, or $3.60 CAD per share annually.  This drip adds $2.93 CAD to my annual dividend income.  The yield on cost for this DRIP is  5.24%.

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 January 26 , Canadian National Railway "CN Rail" (CNR.TO) increased their quarterly dividend from $0.575 to $0.615 per share, or from $2.30 to $2.46 per share annually.  This is an increase of 6.96%. 

I own 38 shares of CN Rail , so this increase adds $6.08 CAD to my annual dividend income. 

Dividend Decreases

There was no dividend decreases in January 2021. 

Summary: 

As of February 6, 2021 , the total value of the portfolio is $130972.31. This is a 5.01% increase over last month's total. 

The portfolio is estimated to produce an estimated $5522.72 in dividend income over the next 12 months. This is an increase of $14.26 CAD , or 0.259%. 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. 

This update includes balances up to time of writing except dividend increases or decreases announced in February 2021. 

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