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
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%.
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.
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
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