Portfolio Update - October 2023

 The month of October had another Bank of Canada announcement, which occurred on October 23.  The Bank of Canada held the interest rate of 5.00%.  As mortgages come up for renewal, a lot of people will be in for a major sticker shock.  

Also, rents across Canada have increased a lot over the last year.  This is mostly due to the interest rate increases, property tax increases and increased carbon tax.

The economy will start to slow down as people will have less disposable income.

A major thing in Canada occurred which has divided the country.  Justin Trudeau has suspended the carbon tax on home heating oil for 3 years. The major beneficiary of this is people in Atlantic Canada. Besides heating their homes heating (furnace) oil, near 100% of hot water heaters would use the same type of oil. 

Premiers and politicians from other provinces say this suspension is unfair to those heating their homes other methods or fuels.

The war in the middle east is the major topic in the news.  In fact, it is more talked about than the ongoing Russia-Ukraine war. 

The S&P500 was up 2.35% over the past month.   

The S&P TSX Composite Index was up 3.59% over the past month. 

Portfolio Activity

Margin Account Activity

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

TFSA Activity

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

Shares Purchased Via DRIP

1 unit of KMP.UN @ $17.15517 for a total cost of $17.16 (TFSA)

2 unit of BPF.UN @ $14.63635 for a total cost of $29.27 (TFSA)

5 shares of AQN.TO @ 5.63526USD for a total cost of $38.35CAD (TFSA)

1 share of TD.TO @ $77.27209 for a total cost of $77.27 (TFSA)

1.375641 shares of BNS.TO @ $55.3342 for a total cost $76.12 (Transfer Agent)

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 4.08%.

TD Bank (TD.TO)  pays a dividend of $0.96CAD per share quarterly, or $3.84CAD per share annually.  This drip adds $3.84 CAD to my annual dividend income.  The yield on cost for this DRIP is 4.97%.

Bank of Nova Scotia (BNS.TO)  pays a dividend of $1.06CAD per share quarterly, or $4.24CAD per share annually.  This drip adds $5.83 CAD to my annual dividend income.  The yield on cost for this DRIP is 7.66%.

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 $2.57 CAD to my annual dividend income.  The yield on cost for this DRIP is 8.77%.

Algonquin Power and Utilities (AQN.UN) pays a dividend of $0.1085 USD per unit quarterly, or $0.434USD per unit annually.  This drip adds 2.17USD to my annual dividend income.  At the time of this writing,  this is equivalent to $2.97 in Canadian dollars.  The yield on cost, using the Canadian dollar equivalent, is 7.74%.

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 October 24,  TFI International increased their dividend from $0.35 USD to $0.40USD quarterly, or from $1.40USD from $1.60USD annually.  This is an increase of 14.3% .

I currently own 50 shares of TFI International.  This increase adds $10.00 USD to my annual dividend income.  This is equivalent to $13.67 CAD, at the time of this writing. 

Dividend Decreases

There were no dividend decreases in October 2023. 

Summary: 

As of November 5 , 2023, the total value of the portfolio is $199272.31 . This is a 4.54% increase over last month's total.  

The portfolio is estimated to produce an estimated $9008.90 CAD in dividend income over the next 12 months. This is an increase of $28.60 CAD , or 0.318%. 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.ir financial situation and tolerance for risk.