The month of December 2024 as end and what a month!
In Canada, The federal finance minister resigned the morning of the same day she was to present the fall economic statement. The federal finance minister was offered another position in the federal cabinet, but resigned instead as she felt she didn't have the confidence of the Prime Minister.
The opposition parties were all over this and pushing more and more for the Prime Minister of Canada to resign. The Prime Minister has cancelled all his year-end interviews with the major news channels and is keeping quiet.
Parliament is set to resume on January 27 2025. There has been ongoing calls for the Prime Minister to resign, including those in the liberal government.
This ongoing tension is affecting the markets and business in Canada. On top of this, Donald Trump will be sworn in as president of the US on January 20th. Shortly after a US president is sworn in, there could be immediately changes that happen and these changes can affect the markets.
The S&P500 was down 2.37% over the past month.
The S&P TSX Composite Index was down 2.21% over the past month.
Portfolio Activity
Margin Account Activity
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.
This option was assigned as the price of the stock was below $49.00 at expiration.
Strike Price = $49.00
# of contracts = 2
Net Premium = $118.05
Assignment Fee = $24.95
The adjusted cost base of this purchase is $9706.90 (2*100*$49.00-118.05+24.95). Currently, Rogers Communicaton Class B (RCI.B.TO) pays a dividend of $0.50 CAD per share quarterly, or $2.00 CAD per share annually. The yield on cost for this purchase is 4.12%.
This put option assignment adds $400.00 CAD to my annual dividend income.
TFSA Activity
There has been no activity in this account since the last update.
Shares Purchased Via DRIP
1 unit of REI.UN @ $18.70201 for a total cost of $18.70 (TFSA)
1 unit of KMP.UN @ $17.7235for a total cost of $17.72 (TFSA)
1 unit of SRU.UN @ $25.47918 for a total cost of $25.48 CAD (TFSA)
7 shares of TTNM.TO @ $2.3235 for a total cost of $16.26 (TFSA)
1 share of MFC.TO @ $43.12926 for a total cost of $43.13 (TFSA)
1 share of AW.TO @ $36.73418 for a total cost of $36.73 CAD (TFSA)
2 units of BEP.UN @ $23.10927US for a total cost of $66.34 CAD (TFSA)
3 units of BPF.UN @ $17.7535 CAD for a total cost of $53.26 CAD (TFSA)
5 shares of T.TO @ $19.64178 CAD for a total cost of $98.21 CAD (TFSA)
Brookfield Renewable Corporation (BEPC) changed its corporation structure with a share restructuring. Therefore, at the time of this writing, a dividend was paid but there is no sign of new shares via DRIP.
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
Dividend Increases
On December 3rd, Enbridge Inc (ENB.TO) increased their dividend from $0.915 CAD to $0.9425 per share quarterly, or from $3.66 CAD to $3.77 CAD per share annually. This is an increase of 3.01%.
On December 4th, Royal Bank of Canada (RY.TO) increased their dividend from $1.42 CAD to $1.48 CAD per share quarterly, or from $5.68 CAD to $5.92 CAD per share annually. This is an increase of 4.23%.
On December 5th, Canadian Imperial Bank Of Commerce "CIBC" (CM.TO) increased their dividend from $0.90 CAD to $0.97 CAD per share quarterly, or from $3.60 CAD to $3.88 CAD per share annually. This is an increase of 7.78%.
On December 5th, Bank of Montreal (BMO.TO) increased their dividend from $1.55 CAD to $1.59 CAD per share quarterly, or from $6.20 CAD to $6.36 CAD per share annually. This is an increase of 2.58%.
On December 5th, TD Bank (TD.TO) increased their dividend from $1.02 CAD to $1.05 CAD per share quarterly, or from $4.08CAD to $4.20 CAD per share annually. This is an increase of 2.94%.
On December 9th, Boston Pizza Royalties Income Fund (BPF.UN) increased their distribution from $0.113 CAD to $0.115 CAD per unit monthly, or from $1.356 CAD to $1.38 CAD per share annually. This is an increase of 1.77%. On top of this increase, a one time special distribution was announced of $0.075 per unit.
Dividend Decreases
There were no dividend decreases in December 2024.
Summary:
As of January 4, 2025, the total value of the portfolio is $254567.25 CAD . This is a 1.863% decrease over last month's total.
The portfolio is estimated to produce an estimate $12998.88 CAD in dividend income over the next 12 months. This is an increase of of 626.98 CAD , or 5.07%. 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.
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