Portfolio Update - August 2023

 The month of August has brought Covid back into the news.  With a new subvariant of the Covid, people are pushing for return of mask mandates and possible lockdowns.  If we have lockdowns in the coming fall and winter, it will destroy the lives of people already struggling financially with high inflation.  The amount of homelessness will also increase. 

In other news,  wild fires continues across the country.  The wild fires caused widespread damage in all provinces, with Northwest Territories and British Columbia hardest hit recently.

The strike by workers across the Metro grocery stores is over.  This was a month long strike the caused their customers to travel farther distances to get their groceries.  This has made other grocery store chains to increase their prices.   

Coming up this week, the Bank of Canada will announce whether the interest rate will increase, decrease of stay the same time. So far, two Canadian premiers have asked the Bank of Canada governor to halt interest rates.  Premiers of BC and Ontario say increasing  the interest rate will had pressure to people already struggling with mortgage and other debt payments and will lead to more homelessness.

The S&P500 was down 0.06% over the past month.   

The S&P TSX Composite Index was up 1.68% over the past month. 

Portfolio Activity

Margin Account Activity

There has been no activity in this account since the last update.

TFSA Activity

There was no activity in this account since the last update. 

Shares Purchased Via DRIP

1 unit of BPF.UN.TO @ $16.26745 for a total cost of $16.27 (TFSA)

1 unit of KMP.UN @ $18.20057 for a total cost of $18.20 (TFSA)

1 share of EMA.TO @ $50.34656  for a total cost of $50.35 (TFSA)

1 share of FTS.TO @ $53.33571 for a total cost of $53.34 (TFSA)

Boston Pizza Royalties Income Fund (BPF.UN.TO) pays a distribution of $0.107 CAD per unit monthly, or $1.284 CAD per unit annually.   This drip adds $1.28 CAD to my annual dividend income.  The yield on cost for this DRIP is 7.89%.

Killam Properties REIT pays a distribution of $.058333 CAD per unit monthly, or $0.70 CAD per unit annually. This drip adds $0.70 CAD to my annual dividend income.  The yield on cost for this drip is 3.85%.

Emera Inc (EMA.TO)  pays a 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 5.48%.

Fortis Inc (FTS.TO)  pays a 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 4.24%.

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 August 9, Enerplus Corporation increased their dividend from $0.055 USD to $0.06USD quarterly, or from $0.22USD from $0.24USD annually.  This is an increase of 9.09% .

I currently own 770 shares of Enerplus.  This increase adds $15.40 USD to my annual dividend income.

At the time of this writing,  this is equivalent to $20.94 CAD.  

Dividend Decreases

There were no dividend decreases in August 2023. 

Summary: 

As of September 4, 2023, the total value of the portfolio is $201311.83 . This is a 2.11% decrease over last month's total.  

The portfolio is estimated to produce an estimated $8788.21CAD in dividend income over the next 12 months. This is an increase of $47.51 CAD , or 0.544%. Some of the dividends in the Canadian stocks section are paid in US dollars, which are converted to Canadian dollars.

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

 

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.