Portfolio Update - February 2023

The month of February 2023 is now behind us.

Inflation is still affecting the peoples lives.  The supply chain is still be massively effected from shipping issues all around world.  The means there is less supply, which causes prices to rise.

Prices at grocery stores are slowly going up and up.  Due to rise in prices, more and more people are purchasing the store brand or generic brand.  This decreases the supply of these products, which in turn causes price increases.

The interest rates have remained steady in February 2023.  With all the previous interest rate hikes, the effects on slowing the economy will take some time.  The cost of borrowing has drastically increased the cost of living for people who have debt.  Also, the higher interest rate will affect people who renew their mortgages or getting a new mortgage.

The Rogers Communications take over of  Shaw Communications is one step closer to be done.  The company's deadline was February 17.  That day came and gone. The federal government keeps stalling on this merger for various reasons. 

Portfolio Activity

Margin Account Activity

There was no activity in the account during the month of February 2023.   

TFSA Activity

There was no activity in the account during the month of February 2023.  I am currently adding money to this account through paying myself first. 

Shares Purchased Via DRIP

1 unit of BPF.UN.TO @ $16.35 for a total cost of $16.35 (TFSA)

1 unit of KMP.UN @ $18.24 for a total cost of $18.24 (TFSA)

1 share of EMA.TO @ $54.09287 for a total cost of $54.09 (Margin)

1 share of FTS.TO @ $54.03188 for a total cost of $54.03 (Margin)

Boston Pizza Royalties Income Fund (BPF.UN.TO) pays a distribution of $0.102 per unit monthly, or $1.224 per unit annually.   This drip adds $1.22 CAD to my annual dividend income.  The yield on cost for this DRIP is 7.49%.

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 3.84%.

Emera Inc. (EMA.TO)  pays dividend of $0.69 CAD 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 for this DRIP is 5.10%.

Fortis Inc. (FTS.TO)  pays dividend of $0.565 CAD per share quarterly, or $2.26 CAD per share annually.  This drip adds $2.26 CAD to my annual dividend income.  The yield on cost for this DRIP is 4.19%.

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 February 2, Bell Canada Enterprises (BCE.TO) increased their dividend from $0.92 CAD to $0.9675 CAD quarterly, or from $3.68 CAD to $3.87 CAD per share annually.  This is an increase of 5.16%.  

At the time of the press release, I own 100 shares of Bell Canada Enterprises.  This increase adds $19.00 to my annual dividend income.

On February 5, Brookfield Renewable Partners LP (BEP.UN) and Brookfield Renewable Partners (BEPC.TO) increased their dividend from $0.32 USD to $0.3375 USD quarterly, from $1.28 USD to $1.35 USD per share annually.  This is an increase of 5.47%.

At the time of the press release, I own 136 units of BEP.UN.  This increase adds 

$16.32 USD to my annual dividend income.  At the time of this writing, this is equivalent to $22.23 in Canadian dollars.

I own 12 shares of Brookfield Renewable Corporation.  This increases adds $1.44 USD to my annual dividend income.  At the time of this writing, this is equivalent  to $1.96 in Canadian Dollars. 

On February 15, Manulife Financial Corporation (MFC.TO) increased their dividend from $0.33 CAD to $0.365 CAD quarterly, or from $1.32 CAD to $1.46 CAD per share annually.  This is an increase of 5.16%.  

At the time of the press release, I own 128 shares of Manulife Financial Corporation.  This increase adds $17.92 to my annual dividend income.

Dividend Decreases

There were no dividend decreases in February 2023. 

Summary: 

As of March 4, 2022, the total value of the portfolio is $193915.18 . This is a 0.384% decrease over last month's total.  

The portfolio is estimated to produce an estimated $7860.32 CAD in dividend income over the next 12 months. This is a  increase of $85.87CAD , or 1.104%. 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.