Saturday, May 8, 2021

Portfolio Update: April 2021

 The month of April 2021 is now behind us. 

During the month of April, COVID19 is still front and center in the news.  The third wave is spreading like wild fire.  This had made people very anxious.   

The price of a barrel of crude oil has been trading above $60US per barrel.  To see the price of oil this high during the pandemic is mind boggling to me.  

Portfolio Activity

Margin Account Activity

There was no activity in this account during April 2021.

TFSA Activity

On May 4, I purchased 82 shares of Algonquin Power and Utilities on the Toronto Stock Exchange.  I purchased the 82 shares of AQN.TO at $19.55 for a total cost of $1608.34.

At the time of purchase, Algonquin Power and Utilities pay $0.1551 USD quarterly, or $0.6204 USD per share annually.

This purchase adds $50.87 USD to my annual dividend income.  This is equivalent to $61.73 in Canadian dollars based on the exchange rate at the time of this writing.

I recently turned on the DRIP for all stocks in my TFSA.

Shares Purchased Via DRIP

1 shares of ERF.TO @ 6.8635 for a total cost of $6.92 (Margin Account)

0.723217 shares of BNS.TO @ $78.3721 for a total cost of $56.68 (Transfer Agent)

1 unit  of BPF.UN.TO @ $13.1535 for a total cost of $13.15 (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 1.75%.

Bank of Nova Scotia pays a quarterly dividend of $0.90 per share, or $3.60 per share annually.  This drip adds $2.60 CAD to my annual dividend income.  The yield on cost for this DRIP is 4.59%.

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 5.93%.

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

I was late getting this post out so I will include the dividend increases up to the day of post.

On May 6,  Algonquin Power and Utilities (AQN.TO) reported their first quarter earnings.  Algonquin announced a dividend increase.  The quarterly dividend was increase from $0.1551 USD to $0.1706 USD per share.  This is increase of 9.99%.

I currently own 82 shares of AQN.TO. This increase adds $5.08 USD to my annual dividend income.  This is equivalent to $6.16 in Canadian dollars based on the exchange rate at the time of this writing.

On May 6, Enerplus (ERF.TO) announced a dividend increase from $0.12 CAD  to $0.132 CAD per share annually.  The dividend was stagnant for multiple years after it was continuously reduced.  This was a welcome surprise.   

I currently own 750 shares of Enerplus, so this increase adds $9.00 CAD to my annual dividend income.  Enerplus also stated that the dividend will be now paid quarterly, instead of monthly, starting June 15.  

On May 7, Telus increased quarterly dividend from $0.3112 CAD to $0.3162 CAD.  This is an increase of 1.607%.  This seems small at first.  Telus has been raising their dividend semi-annually for several years but did not raise last May.  The dividend was raised in November 2020.  This dividend increase is an increase of 8.57% from 12 months ago.

I currently own 48 shares of Telus Corporation (T.TO).  This increase adds $0.96 to my annual dividend income.  

Dividend Decreases

There was no dividend decreases in April 2021. 

Summary: 

As of May 8, 2021 , the total value of the portfolio is $150227.50 . This is a 4.15% increase over last month's total. 

The portfolio is estimated to produce an estimated $5742.05 in dividend income over the next 12 months. This is an increase of $63.06 CAD , or 1.11
%. 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), Brookfield Renewables Corporation (BEPC.TO), and Algonquin Power and Utilities (AQN.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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