Portfolio Update - September 2022

The month of September 2022 is now behind us.

The inflation is taking its toll on the economy.  The price of food, gasoline, and utilities remain high.  The price on carbon adds another layer to this increase.  The inflation is also due to cost of shipping as there is a huge backlog of ships at ports that are waiting to be offloaded.

On September 10, 2022, the federal conservative leadership vote took place and Pierre Poilievre won on the first ballot. 

During the month of September,  2 major hurricanes caused lots of damage in less than a week.  These hurricanes were hurricane Fiona and hurricane Ian.  Hurricane Fiona caused widespread power outages in Nova Scotia, New Brunswick, PEI and Newfoundland.  There was also damage in Atlantic Canada caused by Hurricane Fiona.  Currently, Ian has caused severe damage to Florida.  It got downgraded from hurricane status and then regained hurricane status before making landfall again in Carolina. 

Hurricane Ian has been downgraded again from hurricane status.

On the Pacific coast, a major hurricane is heading towards Mexico.

These severe weather storms affect the economy in lots of ways. One being cargo ships not able to come to port or leave a port, or major roads, bridges and highways being destroyed.  

Portfolio Activity

Margin Account Activity

On August 19th, I sold 2 Telus  Sept 09 2022 $30.50 covered calls at $0.35 for a net premium of $58.05 after commissions.  These 2 covered calls expired worthless at expiration.  

TFSA Activity

On September 15, I purchased 42 additional shares of Fortis Inc (FTS.TO). These shares were at $56.80, for a total cost of $2390.70 including commissions.

Fortis Inc. currently pays a dividend of $0.535 per share quarterly, or $2.14 per share annually. The yield on cost at the time of this purchase is 3.76%.

I currently own 89 shares of Fortis Inc.  This purchase adds $10.68 CAD to my annual dividend income. 

Shares Purchased Via DRIP

1 unit  of BPF.UN.TO @ $15.44 for a total cost of $15.44 (TFSA)

1 share of MFC.TO @ $22.81192 for a total cost of $22.81 (TFSA)

1 unit of KMP.UN @ $16.96 for a total cost of $16.96 (TFSA)

2 shares of ERF.TO @ $20.40 for a total cost of $40.80 (Margin)

6 shares of TTNM.TO @ $2.48 for a total cost of $14.88 (TFSA)

Boston Pizza Royalties Income Fund pays a distribution of $0.10 per unit monthly, or $1.20 per unit annually.  This drip adds $1.20 CAD  to my annual dividend income.  The yield on cost for this DRIP is 7.77%.

Manulife Financial Corporation pays dividend of $0.33 CAD per share quarterly, or $1.32 CAD per share annually.  This drip adds $1.32 CAD to my annual dividend income.  The yield on cost using the Canadian dollar equivalent for this DRIP is 5.79%.

Killam Properties REIT pays a distribution of $.058333 per unit monthly, or $0.70 per unit annually. This drip adds $0.70 CAD to my annual dividend income.  The yield on cost for this drip is 4.13%.

Enerplus Corporation pays a dividend of $0.05 USD per share monthly, or $0.20 USD per share annually.  This drip adds $0.40 USD to my annual dividend income.  At the time of this writing, this is equivalent to  $0.55 CAD.  The yield on cost for the drip, using the Canadian dollar equivalent, is 1.356%.

Titanium Transportation Group pays a distribution of $0.02 CAD per share quarterly, or $0.08 per share annually.  This adds $0.48 CAD to my annual dividend income. The yield on cost for this drip is 3.23%.

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 September 22, Emera Inc. (EMA.TO) increased their  dividend  from $0.6625 CAD to $0.69 CAD quarterly, or from $2.65 CAD to $2.76 per share annually.  This is an increase of 4.15%.  

At the time of the press release, I own  123 units of Emera Inc.  This increase adds $13.53 CAD to my annual dividend income. 

On September 28, Fortis Inc. (FTS.TO) increased their  dividend  from $0.0.535 CAD to $0.565 CAD quarterly, or from $2.14 CAD to $2.26 per share annually.  This is an increase of 5.61%.  

At the time of the press release, I own 89 units of Fortis Inc.  This increase adds $10.68 CAD to my annual dividend income. 

Dividend Decreases

There were no dividend decreases announced in September 2022.  

Summary: 

As of October 2, 2022 , the total value of the portfolio is $169954.24 . This is a 4.52% decrease over last month's total.  

The portfolio is estimated to produce an estimated $7471.30 CAD in dividend income over the next 12 months. This is an increase of $172.56  CAD , or 2.36%. 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. 

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.