Portfolio Update - April 2022

 The month of April 2022 is now behind us.

The Russian invasion of Ukraine is still the major topic in the news.  This has led to higher than average gas prices across the country.  This also leads to higher inflation as transportation costs by companies are eventually passed onto the consumer.  

Covid19 is still major topic on the minds of people.  Although many jurisdictions in Canada have relaxed their COVID19 public health measures including mask mandates.  Some companies are still requiring current employees and new employees to by fully vaccinated. 

The stock market is dropping as fears of a recession are taken hold across the world.  The S&P500 is down 14.04% YTD and the S&P TSX Composite Index is down 2.84% YTD.  The latter is not down as much as the former, and this is due to Canada has lots of energy companies in their index.    

Portfolio Activity

Margin Account Activity

On May 5,  I sold 1 May 27 2022 $31.00 T.TO Put option at $0.45.  This result in a net premium of $34.05 after commissions.  The days to expiration is 22 days.  

For disclosure, I am long Telus Corporation (T.TO) in my TFSA.

TFSA Activity

On April 4, I added to my  position in Killam Properties REIT after a recent price decrease.  I purchased 98 shares at $21.20 for a total cost of $2082.89 including commissions.

At the time of purchase, Killam Properties REIT pays a dividend of $0.05833 CAD monthly, or $0.70 CAD per share annually.  The yield on cost for this purchase is 3.29%.

This purchase adds $68.60 CAD to my annual dividend income. 

On May 5, I initiated a position in Titanium Transportation Group Inc.  The ticker symbol for this stock is TTR and it trades on the Venture Exchange.    I purchased 785 shares of Titanium Transportation Group at $2.35 per share for a total cost of $1855.35 including commissions.

At the time of this purchase, Titanium Transportation Group Inc. pays a dividend of $0.02 per share quarterly, or $0.08 per share annually.  The yield on cost for this purchase is 3.38%.

This purchase adds $62.80 CAD to my annual dividend income.

Shares Purchased Via DRIP

1 unit  of BPF.UN.TO @ $16.52524 for a total cost of $16.53 (TFSA)

2 shares of AQN.TO @ $19.60 for a total cost of $39.20 (Margin)

0.799965 shares of BNS.TO @ $82.3286 for a total cost of $65.86 (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 6.18%.

Algonquin Power and Utilties  pays a quarterly dividend of $0.1706 USD per share, or $0.6824 USD per share annually.  This drip adds $1.36 USD to my annual dividend income.  This is equivalent to $1.75 in Canadian dollars. The yield on cost for this drip is 4.48% in terms of the equivalent dollar amount. 

Bank of Nova Scotia pays a dividend of $1.00 per share quarterly, or $4.00 per share annually.  This drip adds $3.20 CAD  to my annual dividend income.  The yield on cost for this DRIP is 4.86%.

 

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 April 2022. 

Dividend Decreases

There was no dividend decreases announced in April 2022.  

Summary: 

As of May 7, 2022 , the total value of the portfolio is $178318.75 . This is a 4.10% decrease over last month's total. 

The portfolio is estimated to produce an estimated $6730.50 CAD dividend income over the next 12 months. This is an increase of $164.16  CAD , or 2.50%. 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.