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