Portfolio Update - November 2025

 The month of November 2025 as ended and it was quite the month! 

During the month of November, the Prime Minister of Canada and the Premier of Alberta signed of MOU with regards to a new pipeline to the west coast of Canada. 

The rising cost of living seems to keep going up.  It seems every month, groceries seem to be getting more expensive. 

The S&P500 was up 2.10% over the past month.  In the last 5 days, the S&P500 was up 0.85%. 

The S&P TSX Composite Index was up 4.68% over the past month.  In the last 5 days S&P TSX Composite Index was up 0.16% over the last 5 days.

Portfolio Activity

Margin Account Activity

On December 2, I purchased 50 units of Hamiliton Enhanced Canadian Covered Call ETF (HDIV.TO) at $20.62 per unit for a total cost of $1031.00.

On December 5, I sold these 50 units of this ETF at $20.92 per unit for a total $1046.00.  The gross profit on this trade is $15.00.

The smaller net profit will be the result of margin interest during the duration of the trade. 

On December 5, I purchased 60 shares of Air Canada (AC.TO) at $18.87 per share for a total cost of $1132.20. There is no intention to keep this as a long term hold. 

 

TFSA Activity

On November 13 ,  I purchased 20 units of Allied Properties REIT at $13.77 per share for total cost of $275.40 including commissions.  At the time of this trade, Allied Properties REIT pays a distribution of $0.15 CAD per unit quarterly, or $1.80 CAD per unit annually.  The yield on cost for this purchase is 13.07%.

This purchase adds $36.00 CAD to my annual dividend income. 

On November 17 ,  I purchased 20 units of Allied Properties REIT at $13.25 per share for total cost of $265.00 including commissions.  At the time of this trade, Allied Properties REIT pays a distribution of $0.15 CAD per unit quarterly, or $1.80 CAD per unit annually.  The yield on cost for this purchase is 13.58%.

This purchase adds $36.00 CAD to my annual dividend income. 

On November 17 ,  I purchased 10 shares of TFI International at $118.50 per share for total cost of $1185.00 including commissions. Currently, TFI International pays a annual dividend of $1.80 USD per share.  At the time of this writing, this is equivalent of $2.489 in Canadian dollars. Using the Canadian dollar equivalent at the time of this writing ,  yield on cost for this purchase is 2.10%.

This purchase adds $24.89 CAD to my annual dividend income.

On November 21, I added 3 units of Harvest Diversified High Income Shares ETF (HHIS.TO) at $12.37 CAD per share.  Currently, HHIS pays dividend of $0.27 per share monthly, or $3.24 per share annually.  The yield on cost on this purchase is 26.19%.

This purchase adds $9.72 CAD to my annual dividend.

On November 24 ,  I purchased 15 shares of Telus Corporation at $18.40 per share for total cost of $276.00 including commissions.  Currently, Telus pays a dividend of $ 0.4184 CAD per share monthly, or $1.6736 CAD per share annually. The yield on cost for this purchase is 9.09%.

This purchase adds $25.10 CAD to my annual dividend income. 

On December 5,  I purchased 4 units of Allied Properties REIT at $12.72 per share for total cost of $50.88 including commissions.  At the time of this trade, Allied Properties REIT pays a distribution of $0.06 CAD per unit quarterly, or $0.72 CAD per unit annually.  The yield on cost for this purchase is 5.67%.

This purchase adds $2.88 CAD to my annual dividend income. 

Shares Purchased Via DRIP

3 shares of EMA.TO  @ $67.3766 CAD for a total cost of $202.13 CAD (Margin)

1 unit of REI.UN @ $18.60 for a total cost of $18.60 CAD (TFSA)

1 unit of KMP.UN @ $16.70624 for a total cost of $16.71 CAD (TFSA)

1 unit of SRU.UN @ $26.33441 for a total cost of $26.33 (TFSA)

1 unit of AP.UN @ $13.45 for a total cost of $13.45 CAD (TFSA)

1 unit of BPF.UN @ $20.9217 CAD for a total cost of $20.92 CAD (TFSA)

1 share of FTS.TO @ $72.07166 for a total cost of $72.07 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 November 4, Fortis increased the dividend from $0.615 to $0.64 CAF per share quarterly, or from $2.46 to $2.56 CAD per share annually.  This is an increase of 4.07%.

At the time of this increase, I owned 131 shares of Fortis.  This increase adds $13.10 CAD to my annual dividend income.

On November 7, Telus Corporation increased their dividend from $0.4163 to $0.4184 CAD per share monthly, or from $1.6652 to $1.6736 CAD per share annually.  This is an increase of 0.504%.  Telus has been increasing their dividend semi-annually.  

At the time of this increase, I owned 501 shares of Telus.  This increase adds $4.21 CAD to my annual dividend income.   

 Harvest ETFs released their distributions dates for several ETFs.  HHIS ETF announced the next monthly distribution will be $0.27 CAD per unit, which is $0.01 CAD per unit from the previous month. This is an increase of 3.85% . 

I owned 38 units of HHIS at the time of this increase.  This increase adds $4.56 CAD to my annual dividend income.

Dividend Decreases

There has been no dividend decreases in November 2025. Due to several purchases of Allied Properties, I included their announcement on December 1.  Allied Properties reduced their distribution from $0.15 to $0.06 CAD per unit monthly, or from $1.80 to $0.72 CAD per unit annually. At the time of this announcement, I owned 141 units of Allied Properties. 

This decrease reduces my annual dividend income by $152.28 CAD.

Summary: 

As of December 7 2025, the total value of the portfolio is $317195.06 CAD. This is a 2.34% increase over last month's total.

The portfolio is estimated to produce an estimate $13328.84 CAD in dividend income over the next 12 months. This is an decrease of $5.42 CAD , or 0.041%. 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.

Any dividend increases or decreases (except Allied Properties included above) in December 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 own research and tolerance for risk.