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.
Margin Account Activity
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%.
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.
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%.
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
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