The month of May 2025 as ended and it was quite the month!
In Canada, the new cabinet was sworn in and parliament resumed on May 26, 2025. On May 26, a new speaker was elected. On May 27, was the reading of the throne speech that "suppose" to lay out the government priorities.
Tariffs have affected the cost of living and cost of business in Canada, United States and around the world.
The S&P500 was up 6.55% over the past month. In the last 5 days, the S&P500 was up 1.76%.
The S&P TSX Composite Index was up 5.04% over the past month. In the last 5 days S&P TSX Composite Index was up 0.93% over the last 5 days.
Portfolio Activity
Margin Account Activity
There has been no activity in this account since the last update.
TFSA Activity
On June 2, 2025, I purchased 10 shares of TFI International (TFII.TO) at $115.85 for a total cost of $1158.50 including commissions. Currently, TFI International pays an annual dividend of $1.80 USD per share. At the time of this writing, this is equivalent to $2.47 in Canadian dollars. Using the Canadian dollar equivalent, the yield on cost for this purchase is 2.13%.
Using the Canadian dollar equivalent, this purchase adds approximately $24.70 CAD to my annual dividend income.
On June 2, 2025, I purchased 6 shares of Canadian National Railway (CNR.TO) at $142.65 for a total cost of $1426.50 including commissions. Currently, Canadian National Railway pays an annual dividend of $3.55 CAD per share. The yield on cost for this purchase is 2.49% .
This purchase adds $21.30 CAD to my annual dividend income.
Shares Purchased Via DRIP
1 unit of BPF.UN @ $19.13786 for a total cost of $19.14 (TFSA)
1 share of FTS.TO @ $66.87151 for a total cost of $66.87 CAD (TFSA)
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 May 27, Bank of Nova Scotia increased their dividend from $1.06 CAD to $1.10 CAD per share quarterly, or from $4.24 CAD to $4.40 CAD per share annually. This is an increase of 3.77%. Bank of Nova Scotia has been increasing their dividend semi-annually for the past number of years prior to keeping the dividend the same over the past year.
I currently own 100.510316 shares of Bank of Nova Scotia. This increase adds $16.08 CAD to my annual dividend income.
On May 28, Bank of Montreal (BMO.TO) increased their dividend from $1.59 CAD to $1.63 CAD per share quarterly, or from $6.36 CAD to $6.52 CAD per share annually. This is an increase of 2.52%. Bank of Montreal has been increasing their dividend semi-annually for the past number of years.
I currently own 85 shares of Bank of Montreal. This increase adds $13.60 CAD to my annual dividend income.
On May 29, Royal Bank of Canada increased their dividend from $1.48 CAD to $1.54 CAD per share quarterly, or from $5.92 CAD to $6.16 CAD per share annually. This is an increase of 4.05%. Royal Bank of Canada has been increasing their dividend semi-annually for the past number of years.
I currently own 56 shares of Royal Bank of Canada. This increase adds $13.44 CAD to my annual dividend income.
Dividend Decreases
There has been no dividend decreases since the last update.
Summary:
As of June 7 , 2025, the total value of the portfolio is $269513.25 CAD. This is a 2.48% increase over last month's total.
The portfolio is estimated to produce an estimate $12211.42 CAD in dividend income over the next 12 months. This is an increase of $55.63CAD , or 0.458%. 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 April 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 financia
