Portfolio Update : May 2021

The month of May 2021 is now behind us. 

During the month of May, COVID19 is still front and center in the news.  Some places are talking about a possible fourth wave.  More and more places are starting to relax their restrictions a little.  The US / Canadian border remains closed due non-essential travel.

The stock market has been booming along and reaching new highs.  This is quite surprising since we are in the biggest health pandemic (in my opinion) in history.

The price of a barrel of crude oil is currently trading near $70 per barrel for West Texas Intermediate. 

Michigan governor says Enbridge's Line 5 is a "ticking timebomb".  Line 5 is a pipeline that crosses the Straights of MacKinac waterways, which is part of the Great Lakes . Right now, Enbridge is continuing to operate their Line 5 pipeline. 

Portfolio Activity

Margin Account Activity

There was no activity in this account during May 2021.  No cash has been added to this account in 2021.  The dividends have remained in the account.   

TFSA Activity

There was no activity in this account during May 2021.  The cash position is increasing through deposits and receiving dividends and distributions from positions.   

Shares Purchased Via DRIP

1 shares of ERF.TO @ 7.4135 for a total cost of $7.41 (Margin Account)

1 unit  of BPF.UN.TO @ $13.94433 for a total cost of $13.94 (TFSA)

Enerplus pays a dividend of $0.033 per share quarterly, or $0.132 per share annually. This drip adds $0.13 CAD to my annual dividend income. The yield on cost for this DRIP is 1.781%.  During the most recent earnings, Enerplus announced a dividend increase and that future dividend payments will be quarterly.  The quarterly payments will start in June.  

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 5.60%.

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 May 2021. 

Dividend Decreases

There was no dividend decreases in May 2021. 

Summary: 

As of June 5, 2021 , the total value of the portfolio is $156649.47  . This is a 4.27% increase over last month's total. 

The portfolio is estimated to produce an estimated $5741.33 in dividend income over the next 12 months. This is an decrease of $0.72 CAD , or 0.013%. 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