Portfolio Update: August 2021

 The month of August 2021 is now behind us. 

The major event of August was Hurricane Ida.  Hurricane Ida struck land in Louisiana on August 29 as a Category 4 storm.  It was very close to coming to a Category 5 storm.  As Hurricane Ida moved further inland, is caused even more flooding all the way up to Canada.  New York City was affected once again with massive flooding, including heavy flow of rushing water in its subway system.

The second major event was Taliban took control of Afghanistan once again. I expected that countries will not be reducing their defense budgets in near future.  

On August 15, the Prime Minister of Canada visited the governor general and dissolved parliament.  The federal election is scheduled for September 20.

Unfortunately,  COVID19 is still a major issue and affecting everything.  The delta variant has caused a quick increase in the number of positive cases.  This resulted in vaccine passports and proof of vaccination to do certain things. 

Portfolio Activity

Margin Account Activity

On July 19, I sold 2 MTL.TO Aug 20 2021 $12 put contracts and collected a premium of $78.05 after commissions.  This option expired worthless.

There was no further activity in this account.  I did not add money to the account, but the dividends remained in the account.

TFSA Activity

There has no activity in this account for August 2021.  I continued to build up cash in this position by paying myself first and keeping the dividends in the account.  

Shares Purchased Via DRIP

1 unit  of BPF.UN.TO @ $14.3149 for a total cost of $14.31 (TFSA)

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 5.45%.

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

On August 5,  Killam Properties REIT (KMP.UN) increased their distribution from $0.68 per unit to $0.70 per unit annually.  This is an increase of 2.94%.  The distribution is paid monthly.  

I own 302 units of AW.UN.  This increases adds $6.04 CAD to my annual dividend income.

On August 5,  Enerplus (ERF) increased their distribution from $0.035 CAD to $0.038 CAD per share quarterly, or from $0.132 CAD to $0.152 per share annually. This is an increase of 15.15%.  This is the second increase in 2021 after several years of a dividend that did not changed.

I currently own 753 shares of Enerplus.  This increase adds $15.06 CAD to my annual dividend income.  

On August 11, Intertape Polymer Group (ITP) increased their dividend from $0.1575 USD to $0.17 USD per share quarterly,  or from $0.63 USD to $0.68 USD per share annually.  This is an increase of 7.94%.

I currently own 120 shares of Intertape Polymer Group.  This increase adds $6.00 USD to my annual dividend income.  This is equivalent to $7.52 in Canadian dollars at the time of this writing.     

Dividend Decreases

There was no dividend decreases in August 2021. 

Summary: 

As of September 5, 2021 , the total value of the portfolio is $164465.88 . This is a 2.78% increase over last month's total. 

The portfolio is estimated to produce an estimated $5841.08 in dividend income over the next 12 months. This is an increase of $30.15 CAD , or 0.519%. 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