Portfolio Update - April 2023

The month of April 2023 is now behind us.

The Rogers Communications deal to acquire Shaw Communications for $40.50 a share was finally approved by the federal government.  The shares of Shaw Communications were de-listed during the first week of April.

On April 1, the federal carbon tax was increased by $15 a tonne from $50 per ton to $65 a tonne.  This will apply in Alberta, Saskatchewan, Manitoba and Ontario.  On July 1, 3 eastern provinces will join this pricing. The 3 provinces will be Prince Edward Island, Nova Scotia, and Newfoundland and Labrador. 

The increase in the federal carbon tax will mean things will cost more.  Currently, most provinces in Canada, do not feel the full impact of this increase.  This is due to provinces have offered different things from rebates on utilities, suspension of the provincial fuel tax, and other things.

Alberta is now in an provincial election.  One of the promises made by the United Conservatives is to extend the suspension of the provincial fuel tax for the rest of 2023.  

Inflation has really hit the price of groceries as things continue to rise.  As a way to help fight inflation, people are buying the generic brand, staying home more and reducing the frequency and amount of travelling.  

The interest rate has not been raised by the Bank of Canada as it is holding steady.

In April, Canadian Pacific Railway and Kansas City Southern officially merged and became Canadian Pacific Kansas City.  This allows shipping between the 3 countries of Canada, United States, and Mexico on a single line.

Within 2 weeks after this, their competitor in Canada was part of a major announcement.  Canadian National Railway, Union Pacific, and GMXT announced the creation of Falcon Premium Intermodal Service. 

Portfolio Activity

Margin Account Activity

In early April 2023, the acquisition  of Shaw Communications by Rogers  Communications was completed.  As a result, my shares of Shaw Communications were de-listed resulted in $8100.00 cash as a result of this transaction.  

TFSA Activity

There has been no activity in this account in April 2023.  I continue to add money to this account during the month of April 2023.   

Shares Purchased Via DRIP

1 unit of BPF.UN.TO @ $15.66113 for a total cost of $15.66 (TFSA)

1 unit of KMP.UN @ $17.07 for a total cost of $17.07 (TFSA)

1 share of TD.TO @ $82.66951 for a total cost of $82.67 (TFSA)

1.07731 shares of BNS.TO @ $66.5361 for a total cost of $71.68 (Transfer Agent)

3 shares of AQN.TO @ $8.8495 USD for a total cost of $35.42CAD (Margin) 

Boston Pizza Royalties Income Fund (BPF.UN.TO) pays a distribution of $0.107 per unit monthly, or $1.284 per unit annually.   This drip adds $1.28 CAD to my annual dividend income.  The yield on cost for this DRIP is 8.20%.

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 4.10%.

TD Bank (TD.TO)  pays dividend of $0.96 CAD per share quarterly, or $3.84 CAD per share annually.  This drip adds $3.84 CAD to my annual dividend income.  The yield on cost for this DRIP is 4.64%.

Bank of Nova Scotia (BNSTO)  pays dividend of $1.03 CAD per share quarterly, or $4.12 CAD per share annually.  This drip adds $4.44 CAD to my annual dividend income.  The yield on cost for this DRIP is 6.19%.

Algonquin Power and Utilities  (AQN.TO) pays a dividend of $0.1085 USD quarterly, or $0.434 USD annually,  This DRIP adds $1.30 USD to my annual dividend income.  At the time of this writing, this is equivalent to $1.75 CAD at the time of this writing.  The yield on cost for this DRIP using the Canadian dollar equivalent is 4.95%. 

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 April 5, Boston Pizza Royalties Income Fund increased is dividend from $0.102 to $0.107 CAD monthly, or $1.224 to $1.284 CAD annually.  This is an increase of 4.90%.

At the time of this announcement, I owned 277 units of Boston Pizza Royalties Income Fund.  This increase adds $16.62 to my annual dividend income.

Dividend Decreases

There were no dividend decreases in April 2023. 

Summary: 

As of May 6, 2023, the total value of the portfolio is $195987.79 . This is a 2.63% decrease over last month's total.  

The portfolio is estimated to produce an estimated $7804.26 in dividend income over the next 12 months. This is a  decrease of $215.49CAD , or 2.69%. Some of the dividends in the Canadian stocks section are paid in US dollars, which are converted to Canadian dollars.

I owned 200 shares of Shaw Communications. I was getting $237.00 CAD in dividends annually from Shaw.  When the Rogers buying Shaw deal closed, my annual dividend income was lowered by $237.00 CAD in annual dividend income.

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.