Portfolio Update - March 2021

The month of March 2021 is now behind us. 

During the month of March, the Supreme Court of Canada ruled the carbon tax is constitutional.  Ontario, Saskatchewan, and Alberta believe the carbon tax will hurt their economies as it will make everything more expensive.  Renewable energy will become more of a focus.  

Portfolio Activity

Margin Account Activity

There was no activity in this account during March  2021.

TFSA Activity

There was no activity in this account during March 2021. 

Shares Purchased Via DRIP

1 shares of ERF.TO @ 6.9235 for a total cost of $6.92 (Margin Account)

1 unit  of BPF.UN.TO @ $12.9135 for a total cost of $12.91 (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 1.73%.

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 6.04%.

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 November 2018, 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

There was no dividend increases in March 2021.

Dividend Decreases

There was no dividend decreases in March 2021. 

Summary: 

As of April 2, 2021 , the total value of the portfolio is $144234.93. This is a 9.36% increase over last month's total. 

The portfolio is estimated to produce an estimated $5678.99 in dividend income over the next 12 months. This is an decrease of $5.72 CAD , or 0.1006%. 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