Portfolio Update - November 2021

The month of November 2021 is now behind us.

On November 4,  the Organization For the Superintendent of Financial Institutions, or OSFI, lifted the ban on banks and insurance companies raising their dividends and share buybacks.  This ban went into effect from March 2020 and continued to November 4th of 2021.  The ban was put in place to help everyday people during the COVID19 pandemic.  Although the pandemic is no where near an end, more and more people are becoming fully vaccinated. 

The global shipping crisis is still a major issue.  The global shipping crisis exploded to more than it was pre-pandemic.  When plants and factories in China were completely shut down during the lockdowns, no product was being made.  A lot of other countries also implemented lockdowns to help curb the spread of COVID19. 

There is now a new variant of the COVID19 virus called the omnicron variant.  The fear of this variant has spread to the stock market for a short time.  

During the month of November, British Columbia experienced 3 weather events that came known as atmospheric rivers.  This is when a large amount of rain falls in a short period of time.  As part of these weather events, the Nooksack river in Washington State breached its banks and flooding heads north into British Columbia.  This flooded the Sumas Prairie area around Abbotsford, British Columbia.

These so-called atmospheric rivers caused extensive damage and flooding around the southern interior of British Columbia.  The major transportation link, the Coquihalla Highway was damaged with a major washout of 2 bridges cutting off travel in both directions.  The other major highway 1 (Trans Canada was damaged flooded or damaged from Abbotsford to Hope and then north from Hope.  Also, highway 3 was damaged east of Hope.   So, this closed down all 3 major highways that connect Vancouver area to rest of Canada.

The atmospheric rivers also caused damage to CN Rail and CP Rail infrastructure, bringing trains into and out of Vancouver to a halt.  The port of Vancouver is Canada's largest port.    

In the last 6 months, British experienced a tonne of wildfires and a heat dome. The atmospheric rivers caused more damage as water absorption was negatively effected do the wildfires and heat dome.  

Portfolio Activity

Margin Account Activity

On November 19, I purchased 100 shares of Mullen Group Ltd at $12.045 per share for a total cost of $1209.80 including commissions.   Mullen Group Ltd trades on the Toronto Stock exchange under the ticker symbol of MTL.  

Mullen Group pays a dividend of $0.04 per share monthly, or $0.48 per share annually.  This purchase adds $48.00 CAD to my annual dividend income.  The yield on cost of this purchase is 3.97%.

Mullen Group Ltd is one of Canada's largest transportation and logistics companies in Canada.  The company's mission if to acquire companies with the goal of improving their performance.   The companies under their umbrella are independently operated businesses.  These operating businesses are separated into 4 different business categories.  

The 4 different business categories are as follows:

• Less-Than-Truckload (LTL)
• Logistics and Warehousing
• Specialized & Industrial
• US and International Logistics

Their operations are mostly in Western Canada.  They have been expanding into Ontario and into the United States.  

TFSA Activity

There was  further activity in this account since last portfolio update.  I continue to add money to this account via paying myself first.  All the dividends remained in the account.  

Shares Purchased Via DRIP

1 unit  of BPF.UN.TO @ $15.31431 for a total cost of $15.31 (TFSA)

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 6.66%.

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 November 4,  Enerplus Corporation  (ERF.TO) increased their dividend from $0.038 to $0.041 per unit quarterly, or from $0.152 to $0.164 per share annually.  This is an increase of 7.89%.   

I own 756 shares of Enerplus at the time of the increase.  This increases adds $9.07 CAD to my annual dividend income. 

On November 5, Telus Corporation (T.TO) increased their dividend from $0.3162 to $0.3274 per unit quarterly, or from $1.2648 to $1.3096 per unit annually.  This is an increase of 3.54%. 

I own 48 units of Telus Corporation.  This increase adds $2.15 CAD to my annual dividend income. 

On November 30, Bank of Nova Scotia  (BNS.TO) increased their dividend from $0.90 to $1.00 CAD per share quarterly, or from $3.60 to $4.00 CAD per share annually.  This an an increase of 11.1%. 

I own 85.136406 shares of Bank of Nova Scotia.  This increase adds $34.05 CAD to my annual dividend income.  

Dividend Decreases

There was no dividend decreases in November 2021. 

Summary: 

As of December 4 2021 , the total value of the portfolio is $166253.84 . This is a 3.21% decrease over last month's total. 

The portfolio is estimated to produce an estimated $6255.10 in dividend income over the next 12 months. This is an increase of $118.66 CAD , or 1.93%. 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. 

Note: Dividend increases or decreases announced in December 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

 Edit:  Enbridge dividend of $21.95 from transfer agent that gets deposited in my bank added to the total portfolio value. 

               
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.