The month of January 2025 as end and what a month!
On January 20th, Donald Trump was sworn in as the 47th president of the United States. President Trump signed a lot of executive orders. A major one was to pull the United States out the the Paris Accord on Climate Change. This will have a major ripple effect across the globe.
Also, President Trump states he will put a 25% tariff on all imports from Canada and Mexico. The President wants the Mexican and Canadian Borders to be more secure to drastically decrease the flow of fentanyl, other drugs and flow of illegal migrants into the United States.
As a result of the President announcing tariffs, Canada announced their own tariffs on the United States. The following day after Canada's announcement, President Trump talked to Prime Minister Trudeau and the tariffs will not occur for another 30 days with Canada agreeing to take drastic action to secure the border.
The S&P500 was up 3.41% over the past month.
The S&P TSX Composite Index was up 1.47% 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
1share of QSR.TO @ $65.29 USD for a total cost of $94.04 CAD (Margin)
1 unit of REI.UN @ $18.35321 for a total cost of $18.35 (TFSA)
1 unit of KMP.UN @ $16.98615 for a total cost of $16.99 (TFSA)
1 unit of SRU.UN @ $24.72232 for a total cost of $24.72 CAD (TFSA)
4 shares of AQN.TO @ $4.32974USD for a total cost of $24.85CAD (TFSA)
2 units of BPF.UN @ $17.5335 for a total cost of $35.07 (TFSA)
3 shares of TD.TO @ $83.12913 for a total cost of $249.39 CAD (TFSA)
1.106024 shares of BNS.TO @ $74.917 for a total cost of $82.86 CAD (Margin)
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 January 30, Canadian National Railway (CNR.TO) increased their dividend from $0.845 CAD to $0.8875 per share quarterly, or from $3.38 CAD to $3.55 CAD per share annually. This is an increase of 5.03%.
On January 31, Brookfield Renewables LP (BEP.UN) increased their distribution from $0.355 USD to $0.373 USD per share quarterly, or from $1.42 USD to $1.492 USD per share annually. This is an increase of 5.07%.
On January 31, Brookfield Renewables Corporation (BEPC.TO) increased their dividend from $0.355 USD to $0.373 USD per share quarterly, or from $1.42 USD to $1.492 USD per share annually. This is an increase of 5.07%.
Dividend Decreases
There were no dividend decreases in January 2025.
Summary:
As of February 9, 2025, the total value of the portfolio is $252708.59 CAD . This is a 0.73% decrease over last month's total.
The portfolio is estimated to produce an estimate $13051.86 CAD in dividend income over the next 12 months. This is an increase of of 52.98 CAD , or 0.408%. 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 February 2025, 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.
