Portfolio Update - March 2022

 The month of March 2022 is now behind us.

The Russian invasion of Ukraine is still the major topic in the news.  The sanctions against Russia by other countries and the boycotting of oil from Russia has caused the price of oil and gas to increase dramatically.

Lots of jurisdictions have relaxed their covid health measures such as removing restrictions and removing mandatory masks.  There is some still people who are nervous and continue to wear masks.  Doctors are starting to worry about cases rising once again and wastewater testing also indicate the presence of the virus to growing.  When will life ever get back to any sense of normal? 

On April 1, the carbon tax went up $10.00 per ton in 4 Canadian provinces.  The 4 Canadian provinces are Alberta, Saskatchewan, Ontario and New Brunswick.  These provinces have the federal carbon tax put in place by the liberal government in Ottawa.  This will cause prices of everything to rise again.   We now pay $50 per ton for the carbon tax.        

Portfolio Activity

Margin Account Activity

On March 14, I averaged down on my position in NFI Group by purchased 100 shares at $14.25 for a total cost of $1429.95 including commissions.  A few days before this purchase, the company announced a dividend decrease from $0.2125 to $0.0531 CAD quarterly. 

At the time of purchase, NFI Group pays a dividend of $0.0531 CAD quarterly, or $0.2124 per share annually.  The yield on cost for this purchase is 1.49%.  

This purchase adds $21.24 CAD to my annual dividend income.

TFSA Activity

On March 15, I initiated a position in Manulife Corporation after a recent price decrease.  I purchased 125 shares at $24.50 for a total cost of $3067.54 including commissions.

At the time of purchase, Manulife Corporation pays a dividend of $0.33 CAD quarterly, or $1.32 CAD per share annually.  The yield on cost for this purchase is 5.38%.

This purchase adds $165.00 CAD to my annual dividend income. 

Shares Purchased Via DRIP

1 unit  of BPF.UN.TO @ $17.43123 for a total cost of $17.43 (TFSA)

2 shares of ERF.TO @ $15.18 for a total cost of $30.36 (Margin)

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 5.85%.

Enerplus Corporation pays a quarter dividend of $0.033 USD per share, or $0.132 USD per share annually.  This drip adds $0.264 USD to my annual dividend income.  This is equivalent to $0.33 in Canadian dollars. The yield on cost for this drip is 1.089% in terms of the equivalent dollar amount.   

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

There was no dividend increases announced in March 2022. 

Dividend Decreases

On March 10, NFI Group decreased their dividend from $0.2125 to $0.0531 CAD per share quarterly, or from $0.85 to $0.2124 CAD per share annually.  This represents a decrease of 75%.  

I owned 100 shares at the time of this decrease.  Therefore my annual dividend income was decreased by $63.76 CAD. 

Summary: 

As of April 2, 2022 , the total value of the portfolio is $185946.00 . This is a 1.952% increase over last month's total. 

The portfolio is estimated to produce an estimated $6566.34 CAD dividend income over the next 12 months. This is an increase of $110.75  CAD , or 1.716%. Some of the dividends in the Canadian stocks section are paid in US dollars, which are converted to Canadian dollars. 

Please Note: Positions in Enerplus Corporation (ERF.TO), 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.