Portfolio Update - November 2022

The month of November 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.

With people having health restrictions and lockdowns for over 2 years, I believe people are spending money on things like restaurants regardless of how much it costs.  Over the past 2 years, people have missed going on trips, going to restaurants, going to the movies or sporting events.  With the high amount of spending, this leads to higher inflation.  

Currently, COVID19 is affecting China.  We have seen residents of China pushing back over the lockdowns.

Here in Canada, the number of children hospitalized with COVID19 or other respiratory issues has increased drastically.  At a children's hospital in Calgary, they had to bring in heated trailers as their rooms inside the hospital are filled. 

Also, staff had to be brought in from another hospital to help with the increase in patients.

Portfolio Activity

Margin Account Activity

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

TFSA Activity

There has been no activity in the account during the month of November 2022. 

Shares Purchased Via DRIP

1 unit of BPF.UN.TO @ $14.93 for a total cost of $14.93 (TFSA)

1 share of EMA.TO @ $50.43021 for a total cost of $50.43 (Margin)

1 unit of KMP.UN @ $16.63 for a total cost of $16.63 (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 8.04%.

Emera Inc. pays dividend of $0.69 per share quarterly, or $2.76 CAD per share annually.  This drip adds $2.76 CAD to my annual dividend income.  The yield on cost using the Canadian dollar equivalent for this DRIP is 5.47%.

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 4.21%.

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 November 3, Enerplus Corporation increased their dividend from $0.05 USD to $0.055 USD quarterly, or from $0.20 USD to $0.22USD per share annually.  This is an increase of 10.00%.  

At the time of the press release, I own 763 units of Enerplus Inc.  This increase adds $50.26 USD to my annual dividend income. This is equivalent to $68.33 in Canadian dollars, at the time of this writing. 

On November 4, Telus Corporation (T.TO) increased their dividend from $0.3386 CAD to $0.3511 CAD quarterly, or from $1.3544 CAD to $1.4044 CAD per share annually.  This is an increase of 3.69%.  

I own 248 shares of Telus Corporation.  This increase adds $12.40 CAD to my annual dividend income. 

On November 30, Enbridge Inc (ENB.TO) increased their dividend from $0.86 CAD to $0.8875 CAD quarterly, or from $3.44 CAD to $3.55 CAD per share annually.  This is an increase of 3.20%.  

I own 359.278 shares of Enbridge.  This increase adds $39.52 CAD to my annual dividend income.

On November 30, Royal Bank of Canada (RY.TO) increased their dividend from $1.28 CAD to $1.32 CAD quarterly, or from $5.12 CAD to $5.28 CAD per share annually.  This is an increase of 3.125%.  

I own 56 shares of Royal Bank.  This increase adds $8.96 CAD to my annual dividend income.

Dividend Decreases

There were no dividend decreases announced in November 2022.  

Summary: 

As of December 3, 2022, the total value of the portfolio is $187247.42. This is a 3.93% increase over last month's total.  

The portfolio is estimated to produce an estimated $7682.79 in dividend income over the next 12 months. This is an increase of $87.44 CAD , or 1.151%. 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.