Portfolio Update - February 2022

The month of February 2022 is now behind us.

The truckers for freedom protest was a major story event in Canada.  In fact, the federal government invoked the Emergencies Act over the protest.  The organizers of the protest were placed under arrest.

Covid19 restrictions are causing countries to become divided.  As the restrictions are becoming more relaxed, some people have anxiety of feeling safe when they are at work or out in public.

During the last 2 weeks, Russia invaded Ukraine.  The last thing the world needs right now is another war.  Russia is a major energy producer.  Many countries around the world put in sanctions against Russia.  This has caused the price per liter of gas to rise.  The price per liter of gas in Vancouver, British Columbia passed the $2.00 per liter price this week.      

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

Cash was added to the account. All the dividends remained in the account.  On March 4,  the sale of Cominar REIT for $11.75 per unit was finalized.  I owned 228 units of Cominar REIT at the time of this de-listing.  I will have to put this money to work.  

Shares Purchased Via DRIP

1 unit  of BPF.UN.TO @ $16.2821 for a total cost of $16.28 (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 6.27%.

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 February 15,  Restaurant Brands International (QSR.TO)  increased their dividend from $0.53 to $0.54 USD per share quarterly, or from $2.12 to $2.16 USD per share annually.  This is an increase of 1.89%.   

I own 100 shares of Restaurant Brands International at the time of the increase.  This increase adds $4.00 USD to my annual dividend income.  The Canadian dollar equivalent at the time of this writing is $5.09.

Dividend Decreases

There was no dividend decreases in February 2022. 

Summary: 

As of March 4, 2022 , the total value of the portfolio is $182386.05 . This is a 2.14% increase over last month's total. 

The portfolio is estimated to produce an estimated $6455.59 in dividend income over the next 12 months. This is an decrease of $77.31  CAD , or 1.183%. Some of the dividends in the Canadian stocks section are paid in US dollars, which are converted to Canadian dollars. 

The decrease in dividend income can mostly due to the sale by unit holders of Cominar REIT for an all cash sale of Cominar units for $11.75 per unit.  At the time of the merger annoucement, Cominar REIT was paying a monthly dividend of $0.03 per unit.  I owned 228 units at that time.  The amount of annual dividend / distribution income lost was $82.08 CAD. 

  

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.