Portfolio Update - March 2024

The month of March 2024 was a whirlwind.  A major story was a cargo ship hit the Francis Scott Key bridge in Baltimore, Maryland.  This caused the bridge to collapse. This means longer trips resulting in higher costs for trucking companies and shippers.  This will result in higher cost for consumers.  The US government said they will pay to build a new bridge. 

This incident was due to the ship having electrical problems prior to the accident.  The ship crew alerted the authorities prior to the accident.  

In Canada, a lot of protest about the carbon tax hike that occured on April 1.  A lot of premiers and politicians of all stripes were against the hike, but the federal government still went ahead with the increase. 

This increase has increased the cost of everything the involves the use of fossils fuels.

Will the major opposition to the carbon tax by Canadians, make the prime minister call an election?

The S&P500 was up 0.91% over the past month.  

The S&P TSX Composite Index was up 2.16% over the past month.

Portfolio Activity

Margin Account Activity

There was no activity in this account in March  2024.

TFSA Activity

In March 2024, Meta Platforms paid their first dividend.  The dividend was paid in US dollars, but was converted to CAD by my brokerage.  Therefore, the amount of USD cash in my TFSA remains unchanged. 

Shares Purchased Via DRIP

1 shares of FTS.TO @ $52.13389 for a total cost of $52.13 (TFSA)

2 shares of ERF.TO @ $24.7835 for a total cost $49.57 (Margin)

1 unit of KMP.UN @ $8.88449 for a total cost of $18.88 (TFSA)

1 unit of SRU.UN @ $22.60355 for a total cost of $22.60355 (TFSA)

6 shares of TTNM.TO @ $2.4235 for a total cost of $14.54 (TFSA)

1 share of MFC.TO @ $32.78093 for a total cost of $32.78 (TFSA)

2 units of BEP.UN @ $23.21236 USD for a total cost of $62.98 CAD (TFSA)

2 units of BPF.UN @ $15.75841 for a total cost of $31.52 (TFSA)

4 shares of T.TO @ $21.36157 for a total cost of $85.45 (TFSA)

1 share of QSR.TO @ $76.60 USD for a total cost $103.61 CAD (Margin)

Click To Enlarge

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 was no dividend increases in March 2024. 

Dividend Decreases

There were no dividend decreases in March 2024. 

Summary: 

As of April 6 , 2024, the total value of the portfolio is $224788.32  . This is a 1.1490% increase over last month's total.  

The portfolio is estimated to produce an estimate $10887.58 CAD in dividend income over the next 12 months. This is an increase of $45.41 CAD , or 0.419%. 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.