Dividend Income From Some Canadian Bloggers - October 2021

 On October 26, the federal cabinet was sworn in at Rideau Hall.  There was a lot of people named to cabinet for the first time and ministers were moved to other departments.

One of the major changes was the naming of Steven Guilbeault was named the new minister of Environment in Climate Change.  Steven Guilbeault is best known as his role as an environmental activist. 

The former minister of Environment and Climate Change, Jonathan Wilkinson, was moved to Natural Resources.  

This is viewed by some as Canada making climate change even more a priority. What happened this summer in British Columbia was an eye opener for many people.

In British Columbia this summer,  residents experienced a large amount of wildfires combined with a heat dome.  A small community in British Columbia, Lytton, set a new temperature record in Canada at 49.6°C one day and next day burned to the ground in a very short amount of time.  A heat dome is a prolonged heat wave in which the temperatures do not cool down at night. The heat dome also affected Alberta.  

The price of goods has increased drastically.  This is due to government spending during the COVID19 pandemic and the current global shipping backlog.  The global shipping backlog was brought on by the pandemic.  During the lockdowns across the globe, entire plants and factories were shut down.  

Some of the major things going on with the world will effect the stock market going forward. 

Let's get to the list of dividend income from some Canadian bloggers for October 2021. Of course, I first want to mention my own dividend income report.

All About The Dividends received $644.05 in dividend income and added over $25.60 in forward dividend income via DRIPs.  

Passive Canadian Income received $1646.35 in total passive income in October 2021.  The amount of dividend income received was $913.36  and dripped 18 new shares.

My Dividend Snowball received $4684.35 in total passive income in October 2021.  The amount of dividend income received was $4090.98.   

Reverse The Crush received $77.82 in dividend income in October 2021.  This is a 91% YoY increase.  

Our Life Financial received $3916.00 in total dividend income and 70 new shares via DRIP.  Also in the post, Our Life Financial mentions her new purchases during the month of October 2021.      

Moneymaaster received $1343.54 in dividend income and dripped 52 new shares/units to boost his future dividend income. 

My Own Advisor and Gen Y Money shared their individual dividend income updates with the world.  Although their actual amount of dividend income received in October is not mentioned, there is some great information in their respective posts.    

Fire We Go, via a You Tube video, received $1053.98 in dividend income for the month of October 2021.  

Conclusion:


We all started with $0.00 of passive income and have grown our investments over time. Each "BUY" transaction can provide ongoing dividend income which may also be increased over time.

In Canada and the United States, many brokerage accounts offer commission free trades and/or commission free ETFs. You can get started on your investing journey with very little money.

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

Investing With A Climate Change Focus

COP26 is wrapping up. COP26, or the 26th conference of the parties, have discussed how to tackle climate change.  The goal is to take massive action to reduce the affects of climate change.

Climate change affects our lives in all ways.  Insurance claims from climate change related disasters have caused insurance premiums to increase for majority of the population.  The quality of life for people have been affected all over the world.  Extreme weather events occur at a more frequent rate.

The amount and size of wildfires have increased.  Locations that have experienced drought or less precipitation are at risk of severe wildfires.  Things such as a lightning strike, or a burning cigarette butt can lead to a fire.  This can lead to a wildfire that can increase in size at a quick pace due to very dry conditions.   In North America, we have seen this during the most recent summer.  A small community in British Columbia, Lytton, burned to the ground during a heat dome event.  The day prior to the town burning to the ground, Lytton reached a temperature of 49.6°C.  This is the highest temperature ever recorded in Canada.

Hurricanes have caused more destruction in recent years as they are stronger.  This is due to the warming of the oceans.

Do you want to be part of companies with a renewable energy focus and collect passive income at the same time?

I am going to discuss to investment options that an investor might want to consider on their investing journey.

Investment #1 - Brookfield Renewable Partners

Brookfield Renewable Partners is a pure-play renewable power company that operates across the globe.  Brookfield Renewable Partners are involved in solar, wind, hydro electric, and storage in North America, South America, Europe and Asia.  

A general break down of operations in 2021 are as follows:

• Hydro  ->  8000 MW in operation and 2600 MW in development
• Wind   -> 5000 MW in operation and 8600 MW in development
• Solar   -> 2200 MW in operation  and 17,300 MW in development

Brookfield Renewables owns directly or partially owns around 6000 renewable power generating facilities across the globe.

Brookfield Renewable Partners trades on the Toronto Stock Exchange under the ticker symbols BEP.UN and BEPC.  The company also trades on the NYSE under the symbols BEP and BEPC. 

Brookfield currently pays a $0.30375 USD quarterly dividend.  The companies aims to grow its distribution / dividend by 5% to 9% per year. 

Investment #2 -  Fortis Inc.

Fortis Inc is an electrical utility holding company with it's headquarters located in the Canadian province of Newfoundland and Labrador.  The company has operations in Canada, United States, Central America and the Caribbean.  

The following graphic is from their most 2020 annual report.  

Revenue grew from $3.747 billion in 2011 to $8.935 billion in 2020.  That's a CAGR of 10.14% over the last 10 years. 

Fortis pays a quarterly dividend of $0.535 CAD and has increased the dividend for 48 consecutive years. This is the second longest streak in Canada. The most recent dividend increase was 5.94% and was announced in September 2021.  The company has a goal to grow the dividend annually 6% through 2025. 

The stock trades on the Toronto Stock Exchange and New York Stock Exchange under the ticker symbol FTS.

Investment # 3  Emera Inc.

Emera is an energy and services company that operates through its various subsidiaries.  Emera delivers energy to its customers in Canada, United States and the Caribbean. 

From Emera's 2020 annual report, the following graphic indicates part of their climate commitment.

Click to Enlarge

The company grew revenue from $2.064 billion in 2011 to $5.506 billion in 2020.  That's a CAGR of 11.52% over the last 10 years.

Emera pays a quarterly dividend of $0.6625 per share.  The most recent dividend increase was 3.92%.  Since 2000, the dividend has grown at a CAGR of approximately 6%.  Emera is targeting growing their dividend annually 4-5% through 2024.

Emera trades on the Toronto Stock Exchange under the ticker symbol EMA.

Summary:

Brookfield Renewable Partners is in the renewable energy space.  Emera and Fortis will be transitioning their operations to a more renewable focus in the coming years.  

I own all 3 stocks which include both BEP.UN and BEPC.  I started to accumulate shares in Emera in 2011 and never sold any shares. 

These 3 companies allow people to live their day to day lives.  

Disclosure:  Long EMA, FTS, BEP.UN, BEPC

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 and tolerance for risk.

Dividend Income Update - October 2021

               

      

The month of October 2021 is another month of dividend income landing in my accounts.  

Due to becoming debt free, I changed my pay myself model.  Starting the beginning of August 2021.  I am paying myself 30%, just like before.  This will now consist of 24% to investing, and 6% to savings.  The investment portion is going to my TFSA. Any money left over at the end of the month, I put towards investing on top of the money allocated from paying myself first.  Hopefully, I can keep this up!

 

Note: All the dividends and totals below are in Canadian Dollars.

I received a total of $683.79 in dividend income for the month of October 2021.  This represents a 3.76% increase from 3 months ago and 8.41% increase year over year.    

I received dividend / distribution income from  14 different companies.  

I received $0.00 in option premiums within my investment accounts in October 2021.

Below is a visual of my dividend totals for the last 5 years.

Click To Enlarge

Most of my dividend income comes from my margin account. 

Click To Enlarge

Next, I will show the percentage of total income for each position.

Click To Enlarge

I will update my dividend income tab with the new amount. I will include my option premium income also. It is great to see money from passive income sources deposited into my brokerage account every single month.

Note: Any activity in my RRSP account is not included in these totals. 

How was your dividend income for October 2021?

Disclosure : Long all mentioned securities

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 and tolerance for risk.

Portfolio Update - October 2021

 The month of October 2021 is now behind us.

The major story of October was the ongoing supply crisis happening in the global economy.  This was brought on by the COVID19 pandemic.  How you might ask?  When the lockdowns occurred in places such as China, factories and other industries were closed down.  When lockdowns started to end, the work at factories and other industries ramped up really quick.  

Fast forward to the month of October, we currently have about 100 cargo ships sitting in waters near the port of Los Angeles.  To make matters worse, this major port is not operating 24/7.  President Joe Biden announced that the port will go to 24/7 to help reduce the back log.  The port does not have the staff to be able to run 24/7.  If and when new staff are hired, they will have to be trained.  Majority of the freight from cargo ships destined for the United States arrives at 2 ports.  These ports are the port of Los Angeles and another port on the east side of the United States.  

COVID19 is still front and center in the news.  More and more companies, and government entities have implemented a mandatory vaccination policy for their employees.  This is causing major issues  as people are refusing to get vaccinated or to partake in rapid testing at their own expense.  

The price per barrel for crude oil is over $75.00 USD per barrel.  This price for crude oil, government printing over over the years and the global shipping crisis, as increased the cost of living drastically.  The price per barrel of oil is good for energy companies bottom line.  A few energy companies have raised their dividends by a large amount over the last few months.   

Portfolio Activity

Margin Account Activity

On September 10, I sold 1 NFI.TO October 15 2021 $28 put option and collected a premium of $24.05 after commissions. 

The above option was assigned on October 15.  I now own 100 shares of NFI Group.  Currently, NFI Group pays a $0.2125 per share quarterly, or $0.85 per share annually.  This purchase adds $85.00 CAD to my annually dividend income. 

TFSA Activity

On November 5, I purchased 53 shares of Algonquin Power and Utilities (Ticker symbol AQN.TO ) at $17.78 for a total cost of $947.48 including commissions.  I did not write a post about this transaction. 

Algonquin Power and Utilities pays its dividend in US dollars.  Alqonquin Power and Utilities pays a dividend $0.1706 USD per share quarterly, or $0.6824 USD per share annually.

This purchase adds $36.17 USD to my annual dividend income. This is equivalent to $45.06 in Canadian dollars at the time of this writing. The dividend is converted to Canadian dollars prior to being deposited in my brokerage account.  The yield on cost of this purchase, using the Canadian dollar equivalent, is  4.76%.

There was no further activity in this account.  I continue to add money to this account via paying myself first.  All the dividends remained in the account.  

Shares Purchased Via DRIP

0.704678 shares of BNS @ $82.2929 for a total cost of $57.99 (Transfer Agent)

2 shares of AQN @ $15.13 USD for a total cost of $37.43.  (TFSA)

1 unit  of BPF.UN.TO @ $14.71 for a total cost of $14.71 (TFSA)

Bank of Nova Scotia pays a dividend of $0.90 per share quarterly, or $3.60 per share annually.  This drip adds $2.54 CAD to my annual dividend income.  The yield on cost for this DRIP is 4.37%. 

Boston Pizza Royalties Income Fund pays a distribution of $0.085 per unit monthly, or $1.02 per unit annually.  This drip adds $1.02 CAD  to my annual dividend income.  The yield on cost for this DRIP is 6.93%.

Algonquin Power and Utilities  pays a dividend of $0.1706 USD per share quarterly, or $0.6824 per share annually.  This drip adds $1.36 USD to my annual dividend income.  At the time of this writing, the Canadian dollar equivalent is $0.8502 per share.  The yield on cost (using CAD) for this DRIP is 4.54%. 

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 October 8,  Boston Pizza Royalties Income Fund (BPF.UN.TO) increased their distribution from $0.065 to $0.085 per unit monthly, or from $0.78 to $1.02 per share annually.  This is an increase of 30.77%.   

I own 257 shares of Boston Pizza Royalties Income Fund at the time of the increase.  This increases adds $61.68 CAD to my annual dividend income.

On October 20, A&W Royalties Income Fund (AW.UN.TO) increased their distribution from $0.15 to $0.155 per unit monthly, or from $1.80 to $1.86 per unit annually.  This is an increase of 3.33%. 

I own 38 units of A&W Royalties Income Fund.  This increase adds $2.28 to my annual dividend income. 

On October 28, TFII International  (TFII.TO) increased their dividend from $0.23 USD to $0.27 USD per share quarterly, or from $0.92USD to $1.08 USD per share annually.  This an an increase of 17.4%. 

I own 50  shares of TFI International.  This increase ads $8.00 USD to my annual dividend income.  This is equivalent to $9.97 in Canadian dollars at the time of this writing.   

Dividend Decreases

There was no dividend decreases in October 2021. 

Summary: 

As of November 5 2021 , the total value of the portfolio is $171773.70 . This is a 5.87% increase over last month's total. 

The portfolio is estimated to produce an estimated $6136.44 in dividend income over the next 12 months. This is an increase of $197.95 CAD , or 3.33%. Some of the dividends in the Canadian stocks section are paid in US dollars, which are converted to Canadian dollars.  This is the first time, I surpassed the $6000.00 amount in dividend income for the next 12 months.

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. 

Note: Dividend increases or decreases announced in November 2021 will be mentioned in next portfolio update.  The spreadsheet will be updated to reflect any corresponding increases or decreases at that 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