Portfolio Update - December 2021

The month of December 2021 is now behind us.

Once again COVID19 continues to wreak havoc across the globe.  The rise of the omicron variant has affected day to day life of people.  The amount of cases in recent weeks are causing anxiety across the globe.  The amount of hospitalizations remains low as experts are saying the symptoms are less severe than other variants but it is highly transmissible.  I believe the main reason that hospitalizations are down is due to the increasing number of vaccinations.

In past 7 days,  both Quebec and Ontario have put partial lockdowns in place to help reduce the spread. 

The World Juniors Hockey tournament was cancelled after a couple of day by the IIHF medical committee after a couple of games were played.  The reason for the cancellation was due to the amount of cases reported of COVID19.  The actual amount of cases is higher than what is reported as these only include PCR test results.  

Are we going to have a crash like March 2020?  I don't think so.

Portfolio Activity

Margin Account Activity

There was no activity in this account since the last portfolio update.  All the dividends remained in the account. 

TFSA Activity

Cominar REIT (CUF.UN.TO) has been sold for $11.75 CAD per unit.  The unitholders of Cominar REIT have voted in favor of the transaction.  The deal is subject to be finalized in the first half of 2022.   

Shares Purchased Via DRIP

1 unit  of BPF.UN.TO @ $15.39225 for a total cost of $15.39 (TFSA)

2 shares of ERF.TO @ $12.01 for a total cost of $24.02 (Margin Account)

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 6.63%.

Enerplus pays a dividend of $0.041 per share quarterly, or $0.164 per share annually.  This drip adds $0.33 CAD to my annual dividend income.  The yield on cost for this DRIP is 1.37%.

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 December 1,  Royal Bank of Canada (RY.TO)  increased their dividend from $1.08 to $1.20 CAD per share quarterly, or from $4.32 to $4.80 CAD per share annually.  This is an increase of 11.1%.   

I own 56 shares of Royal Bank at the time of the increase.  This increase adds $26.88 CAD to my annual dividend income. 

On December 2, TD Bank (TD.TO) increased their dividend from $0.79 to $0.89 CAD per share quarterly, or from $3.16 to $3.56 CAD per share annually.  This is an increase of 12.7%.

I own 48 shares of TD Bank at the time of this increase.  This increase adds $19.20 CAD to my annual dividend income.

On December 2, Canadian Imperial Bank of Commerce, or C.I.B.C, increased their dividend from $1.46 to $1.61 CAD per share quarterly, or from $5.84 to $6.44 CAD per share annually.  This is an increase of 10.3%.  The ticker symbol of C.I.B.C is CM.TO. 

I own 110 shares of C.I.B.C at the time of this increase.  This increase adds $66.00 CAD to my annual dividend income.  

On December 3, Bank of Montreal (BMO.TO) increased their dividend from $1.06 to $1.33 CAD per share quarterly, or from $4.24 to $5.32 CAD per share annually.  This is an increase of 25.5%. 

I own 85 shares of Bank of Montreal at the time of this increase.  This increase adds $91.80 CAD to my annual dividend income. 

On December 7, Enbridge  (ENB.TO) increased their from $0.835 to $0.86 CAD per share quarterly, or from $3.34 to $3.44 CAD per share annually.  This is an increase of 2.99%.

I own 359.278 shares of Enbridge at the time of this increase.  The increase adds $35.93 CAD to my annual dividend income.

On December 8,  Mullen Group Ltd.  (MTL.TO) increased their dividend from $0.04 to $0.05 CAD per share monthly, or from $0.48 to $0.60 CAD per share annually.  This is an increase of 25%.

I own 100 shares of Mullen Group at the time of this increase.  This increase adds $12.00 CAD to my annual dividend income. 

Dividend Decreases

There was no dividend decreases in December 2021. 

Summary: 

As of January 4 2022 , the total value of the portfolio is $174224.50 . This is a 4.79% increase over last month's total. 

The portfolio is estimated to produce an estimated $6505.69 in dividend income over the next 12 months. This is an increase of $250.59  CAD , or 4.01%. Some of the dividends in the Canadian stocks section are paid in US dollars, which are converted to Canadian dollars. 

My annual dividend income increased $251.81 CAD via dividend increases.  This is equivalent to investing $7194.57 of my own money at a 3.5% yield.  

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

               
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.