Portfolio Update - November 2023

The month of November 2023 was crazy in Canada.  The premier of Saskatchewan, Scott Moe, has stated that the Province of Saskatchewan will stop collecting carbon tax Jan 1 2024 on home heating using natural gas if an exemption on home heating is not made by the federal government.

Later in November, Scott Moe said the province will stop collecting the carbon tax on home heating via electricity on January 1 as well.

These acts by the premier of Saskatchewan is due to the federal government suspending the carbon tax on home heating by oil  across the country.  This suspension of the carbon tax benefits Atlantic Canada.   

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 is starting to slow down with inflation being less than 4%.  I believe the interest rate will remain at 5% for the next few months. 

The war in the middle east involving Israel started up again after a recent cease fire. 

The S&P500 was up 5.42% over the past month.   

The S&P TSX Composite Index was up 1.07% 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 @ $17.53503 for a total cost of $17.54 (TFSA)

1 unit of BPF.UN @ $15.51257 for a total cost of $15.51 (TFSA)

1 share of EMA.TO @ $48.45823 for a total cost of $48.46 (TFSA)

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 3.99%.

Emera Inc (EMA.TO)  pays a dividend of $0.7175CAD per share quarterly, or $2.87CAD per share annually.  This drip adds $2.87 CAD to my annual dividend income.  The yield on cost for this DRIP is 5.92%.

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 8.28%.

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 November 29,  Enbridge (ENB.TO) increased their dividend from $0.8875 CAD to $0.915CAD quarterly, or from $3.55 CAD  from $3.66 CAD annually.  This is an increase of 3.10% .

I currently own 359.278 shares of Enbridge.  This increase adds $39.52 CAD to my annual dividend income.  

On November 30,  Canadian Imperial Bank of Commerce (CM.TO) increased their dividend from $0.87 CAD to $0.90 CAD quarterly, or from $3.48 CAD  from $3.60 CAD annually.  This is an increase of 3.45% .

I currently own 220 shares of Canadian Imperial Bank of Commerce.  This increase adds $24.00 CAD to my annual dividend income. 

On November 30,  Royal Bank (ENB.TO) increased their dividend from $1.35 CAD to $1.38 CAD quarterly, or from $5.40 CAD  from $5.52 CAD annually.  This is an increase of 2.22% .

I currently own 56 shares of Royal Bank.  This increase adds $6.72 CAD to my annual dividend income. 

On November 30,  TD Bank (TD.TO) increased their dividend from $0.96 CAD to $1.02 CAD quarterly, or from $3.84 CAD  from $4.08 CAD annually.  This is an increase of 6.25% .

I currently own 111 shares of TD Bank.  This increase adds $26.64 CAD to my annual dividend income. 

Dividend Decreases

There were no dividend decreases in November 2023. 

Summary: 

As of December 3 , 2023, the total value of the portfolio is $205074.20 . This is a 2.91% increase over last month's total.  

The portfolio is estimated to produce an estimated $9097.45 CAD in dividend income over the next 12 months. This is an increase of $88.55 CAD , or 0.983%. 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.