Portfolio Update - June 2023

The month of June 2023 is now behind us.

The prices of groceries continue to rise.  Lots of reasons for the high rate of inflation.  The governments printing money around the world to help low income citizens.  

In Canada, the government just paid out the grocery rebate to low income Canadians.  This rebate was based on the 2021 tax year.  If you received GST rebate checks starting in July 2022, then you would receive the grocery rebate. 

 

This one time government rebate cost the government 11 million dollars.   

The government basically it would be double the GST rebate for January 2023. January is the 3rd quarterly payment for the 2021 tax year.

In Alberta, the United Conservative Party (UCP)promised suspend the provincial fuel tax of $0.13 per liter , if re-elected.  The UCP honored that promise.

At the time of this writing, the workers at British Columbia ports are on strike since Canada Day.  British Columbia has 2 of the 3 major ports in Canada, which are Port of Vancouver and Port of Prince Rupert.   CN Rail serves both ports and Canadian Pacific Kansas City serves Port of Vancouver.

Portfolio Activity

Margin Account Activity

There has been no activity in this account in June 2023

TFSA Activity

On June 15, I purchased 100 units of Riocan REIT (Ticker Symbol  REI.UN) at $19.60 per unit for a total cost of $1964.95 including commissions. This is my first ever buy of Riocan REIT.

Riocan REIT currently pays a dividend of $0.09 CAD monthly, or $1.08 CAD per unit annually.  Therefore, the yield on cost for this purchase is 5.50%.

This purchase adds $108.00 to my annual dividend income. 

Shares Purchased Via DRIP

1 unit of BPF.UN.TO @ $16.50692 for a total cost of $16.51 (TFSA)

1 unit of KMP.UN @ $17.72099 for a total cost of $17.72 (TFSA)

2 share of ERF.TO @ $18.96194 for a total cost of $37.92 (Margin)

6 share of TTNM.TO @ $2.40 for a total cost of $14.40 (TFSA)

1 share of MFC.TO @ $24.96856 for a total cost of $24.97 (TFSA)

1 unit of BEP.UN @ $29.41625 USD for a total cost of $38.99 (TFSA)

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 7.78%.

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 3.95%.

Enerplus (ERF.TO)  pays a dividend of $0.055 USD per share quarterly, or $0.22 USD  per share annually.  This drip adds $0.44 USD to my annual dividend income.  This is equivalent to $0.58 CAD. The yield on cost using the Canadian dollar equivalent, for this DRIP is 1.529%.

Titanium Transportation Group  (TTNM.TO)  pays a dividend of $0.02 per share quarterly, or $0.08 CAD per share annually.  This drip adds $0.48 CAD to my annual dividend income.  The yield on cost for this DRIP is 3.33%.

Manulife Financial Corporation (MFC.TO)  pays a dividend of $0.365 CAD per share quarterly, or $1.46 CAD per share annually.  This drip adds $1.46 CAD to my annual dividend income.  The yield on cost for this DRIP is 5.85%.

Brookfield Renewable Partners LP (BEP.UN) pays a dividend of $0.3375USD per share quarterly, or $1.35 USD per share annually.  This drip adds $1.35USD to my annual dividend income.  At the time of this writing, this is equivalent to $1.79 in Canadian Dollars.  The yield on cost, using the Canadian dollar equivalent, is  4.60%.

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

There were no dividend increases in June 2023.

Dividend Decreases

There were no dividend decreases in June  2023. 

Summary: 

As of July 9, 2023, the total value of the portfolio is $195843.90. This is a 0.749% increase over last month's total.  

The portfolio is estimated to produce an estimated $7955.87 in dividend income over the next 12 months. This is an increase of $83.47 CAD , or 1.060%. Some of the dividends in the Canadian stocks section are paid in US dollars, which are converted to Canadian dollars.

This monthly increase seems off by a lot.  Apparently, I had ERF annual dividend rate of $0.24USD instead of the actual dividend rate of $0.22 USD.  With owning 768 shares, the difference is $20.42 in dividends using the exchange rate at the time of this writing.  

Googlesheets is still not operating properly.  So, I had to manually enter the market value for the REITS, BEP.UN, BPF.UN, AW.UN and Fortis. 

 

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.