Portfolio Update - October 2022

The month of October 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.

The federal government introduced a bill in the House of Commons that would double GST payments for 6 months.  The bill passed and got passed in the senate.  This first week of November, millions of Canadians received these GST checks.

Currently, COVID19 is affecting China.  This will have an effect on the amount of goods available.  
  
Portfolio Activity

Margin Account Activity

There was no activity in the account during the month of October 2022.   

TFSA Activity

On October 13, I purchased 30 additional shares of Fortis Inc (FTS.TO). These shares were at $48.87, for a total cost of $1471.16 including commissions.

Fortis Inc. currently pays a dividend of $0.565 per share quarterly, or $2.26 per share annually. The yield on cost at the time of this purchase is 4.61%.

This purchase adds $67.80 CAD to my annual dividend income. 

Shares Purchased Via DRIP

1 unit of BPF.UN.TO @ $15.22 for a total cost of $15.22 (TFSA)

1 share of QSR.TO @ $54.4616USD for a total cost of $74.02 CAD (TFSA)

1 unit of KMP.UN @ $15.42 for a total cost of $15.42 (TFSA)

1.051882 shares of BNS @ $66.1386 for a total cost of $69.57 (Transfer Agent)

4 shares of AQN @ $10.3494USD for a total cost of $56.94 CAD (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 7.88%.

Restaurant Brands International (QSR.TO) pays dividend of $0.54USD per share quarterly, or $2.16 USD per share annually.  This is equivalent of $2.911572 in Canadian dollars at the time of this writing.  This drip adds $2.91CAD to my annual dividend income.  The yield on cost using the Canadian dollar equivalent for this DRIP is 3.93%.

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 4.54%.

Algonquin Power and Utilities (AQN.TO) pays dividend of $0.1808 USD per share quarterly, or $0.7232 USD per share annually.  This is equivalent of $0.9748374 in Canadian dollars at the time of this writing.  This drip adds $3.90 CAD to my annual dividend income.  The yield on cost using the Canadian dollar equivalent for this DRIP is 6.85%.

Bank of Nova Scotia pays a dividend of $1.03 CAD per share quarterly, or $4.12 per share annually.  This drip adds $4.33 CAD to my annual dividend income. The yield on cost for this drip is 6.23%.

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.  

Dividend Increases

On October 19, A&W Royalties Income Fund (AW.UN.TO) increased their distribution from $0.155 CAD to $0.16 CAD quarterly, or from $1.86 CAD to $1.92 per share annually.  This is an increase of 3.23%.  

At the time of the press release, I own 38 units of A&W Royalties Income Fund.  This increase adds $2.28 CAD to my annual dividend income. 

On October 27, TFI International (TFII.TO) increased their dividend from $0.27 USD to $0.35 USD quarterly, or from $1.08 USD to $1.40 USD per share annually.  This is an increase of 29.6%.  

At the time of the press release, I own 50 shares of TFI International.  This increase adds $16.00 USD to my annual dividend income.  This is equivalent to $21.57 CAD at the time of this writing. 

Dividend Decreases

There were no dividend decreases announced in October 2022.  

Summary: 

As of November 5, 2022, the total value of the portfolio is $180171.04. This is a 6.01% increase over last month's total.  

The portfolio is estimated to produce an estimated $7595.35 CAD in dividend income over the next 12 months. This is an increase of $124.05 CAD , or 1.660%. 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.