Portfolio Update - November 2023

 The month of November 2024 involved an US election for President of the United States. 

On November 5th, Donald Trump won the election and will be sworn in as the 47th president of the United States in January 2025.  

During the last few weeks, Donald Trump said he will place a 25% tariff on all products from Canada and Mexico, unless the countries tackle the flow of drugs and migrants across their borders.  Canada is taking this very serious.  

In Canada, the liberal government is still in power.  In recent days, the federal liberal government tabled legislation to remove GST on certain products from December 14, 2024 to February 15, 2025.  The NDP voted with the liberal government, to the pass the legislation.  At the time of this writing, the legislation still has to be passed by the senate. 

During November, Bell Canada released its earnings a few days after a major announcement.  The major announced was that Bell Canada Enterprises was purchasing Ziply Fiber in the United States.  

The earnings release stated that Bell Canada Enterprises will not increase the dividend.  Both this announcement and purchase of Ziply Fiber lead to a massive sell off in the stock.   

The S&P500 was up 1.58% over the past month.  

The S&P TSX Composite Index was up 3.77% over the past month.

Portfolio Activity

Margin Account Activity

On November 5th, I added 50 shares of Bell Canada Enterprises (BCE.TO) at $39.84 CAD per share for a total cost of $1997.12 including commissions.  Currently,  Bell Canada Enterprises pays a dividend of $0.9975 CAD per share quarterly, or $3.99 CAD per share annually.  The yield on cost for this purchase 9.99%. 

This purchase adds $199.50 CAD to my annual dividend income. 

On November 15th,  my  2 Nov152025  RCI.B.TO $49 put options expired worthless.  

On November 18th, I sold 2 Dec202024 RCI.B.TO $49 put options at $0.65 for a net premium of $118.05 after commissions.  As the option seller, I am paid this net premium.

On November 6, Chord Energy (CHRD) released their Q3 earnings.  Within the earnings release, Chord Energy stated they will pay a base + variable dividend of $1.44 per share.  So, I will update my spreadsheet to reflect this a 5.76USD (4*1.44) per share.  

TFSA Activity

On December 6th, I added 39 shares of TD Bank (TD.TO) at $73.35 for a total cost of $2865.74 including commissions.  Currently, TD Bank pays a dividend of $1.02 CAD per share quarterly, or $4.08 per share annually.  The yield on cost of this purchase is 5.55%. 

This purchase adds $159.12 CAD to my annual dividend income.  

Shares Purchased Via DRIP

1 unit of KMP.UN @ $18.24407 for a total cost of $18.24 (TFSA)

1 unit of SRU.UN @ $25.04444 for a total cost of $25.04 (TFSA)

3 shares of EMA.TO @ $50.70496 for a total cost of $152.11 CAD (Margin)

1 unit of BPF.UN @ $17.4035 for a total cost of $17.40 (TFSA)

1 share of FTS.TO @ $62.05766 for a total cost of $62.06 (TFSA)

1 unit of REI.UN @ $18.9975 for a total cost of $19.00 CAD (TFSA)

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

On November 6, Killam Properties REIT  (KMP.UN.TO) increased their distribution from $0.058333 CAD to $0.0.06 per unit monthly, or from $0.70CAD to $0.72 CAD per unit annually.   This is an increase of 2.86%.  The distribution increase will take effect with the November distribution to be paid in mid-December 2024.

I currently own 430 units of TFI International in my TFSA.  This increase adds $8.60CAD to my annual dividend income. 

On November 8, Telus Corporation (T.TO) increased their dividend from $0.3891 to $0.4023 CAD per share quarterly, or from $1.5564 to $1.6092 CAD per share annually.  This is an increase of 3.39%.  Telus Corporation has been increasing their dividend twice a year in the recent years. 

I currently own 481 shares of Telus Corporation.  This increase adds $25.40 CAD to my annual dividend income. 

 

Dividend Decreases

There were no dividend decreases in November 2024.  

 

Summary: 

As of December 7, 2024, the total value of the portfolio is  $259398.79 CAD . This is a 4.07% increase over last month's total.  

The portfolio is estimated to produce an estimate $12371.90 CAD in dividend income over the next 12 months. This is an increase of of 520.40 CAD , or 4.39%. 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, and BPF.UN.

Dividend increases or decreases announced already for December 2024, will be included in the next portfolio update. 

 

Please Note: Positions in Restaurant Brands International (QSR.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.