Portfolio Update - May 2026

 The month of May 2026 as ended and it was quite the month! 

The conflict in the middle east is the major news event over the past month. This has led to increase fuel costs across the globe.  Consumers and businesses has seen their expenses increase. 

The trade talks between United States, Mexico and Canada continue to be on and off one week to the next. 

The S&P 500 has been up 0.64% over the last month and down 2.62% over the last 5 days.

The S&P TSX Composite index has been up 1.64% over the last month and down 0.98% over the last 5 days.

Portfolio Activity

Margin Account Activity

On May 5, I sold 4 RCI.B.TO 22MAY2026 $54.00 covered call options at $0.07 per contract for a total net premium of $24.04 after commissions.  This option expired worthless.

On May 26, I sold 4 RCI.B.TO 26JUNE2026 $54.00 covered call options at $0.12 per contract for a total net premium of $44.04 after commissions. 

The covered call on Loblaws expired worthless on May 22 of 2026.  On May 27, I sold 2 L.TO 19JUNE2026 $64.00 covered call at $0.27 per contract for a total net premium of $52.02 after commissions. 

On May 29, I purchased 6 shares of Walmart Inc (Ticker symbol : WMT) in my US dollar account within my margin account.  The funds for this purchase came from the cash build up in the US account from dividends paid by Chord Energy.  I purchased 6 shares of Walmart at $116.40 for a total cost of $698.40 USD.

TFSA Activity

On May 11,  I averaged down on my position in A&W Food Services of Canada position.  I purchased 10 shares  of AW.TO at $35.80 per share for a total cost of $358.00 including commissions.  Currently, A&W pays s a dividend of $0.48 CAD per share quarterly, or $1.92 CAD per share annually.  The yield on cost of this purchase is 5.36%. 

This purchase adds $19.20 CAD to my annual dividend income.

On May 14, I averaged down again on this position.  I purchased 5 additional shares at $35.06 per share for a total cost of $175.30 including commissions.  Yield on cost for this purchase is  5.48% .  

This purchase adds $9.60 CAD to my annual dividend income.

On May 11, I averaged down on my Algonquin Power and Utilities (AQN.TO) .  I purchased 25 shares of Algonquin at $8.23 per share for a total cost of $205.75 CAD including commissions.  Currently Algonquin pays a dividend of $0.065 USD per share quarterly, or $0.26 per share annually.  Alqonquin pays their dividends in US dollars, which is converted to Canadian dollars by my brokerage.

This purchase adds $6.50 USD to my annual dividend income.  

On May 15, I averaged down on again on my Algonquin position.  I purchased 5 shares at $8.00 for a total cost of $40.00 including commissions.  This purchase adds $1.30 USD to my annual dividend income. 

On May 15, I initiated a position in Capital Power Corporation (CPX.TO).  I purchased 100 shares at $62.90 CAD per share for a total cost of $6290.00.  Currently, Capital Power pays a dividend of $0.6910 CAD per share quarterly, or $2.764 CAD per share annually.  The yield on cost for this purchase is 4.39%. 

This purchase adds $276.40 CAD to my annual dividend.

On June 2, I decided to purchase BMO Asset Management Money Market Fund, which trades under ticker symbol ZMMK.   I purchased 78 units of ZMMK at $49.84 per share for a total cost of $3887.52.  Currently, ZMMK pays a distribution of $0.095 per unit monthly, or $1.14 per unit annually.  The distribution is variable from one month to the next. The yield on cost for this purchase is 2.29%. 

This purchase adds $88.92 CAD to my annual dividend income.

On June 3, I averaged down on my Allied Properties REIT (AP.UN.TO) position.  I bought 3 units of Allied Properties REIT at $9.75 CAD for a total cost of $29.25 CAD.  Currently, Allied Properties REIT pays a distribution of $0.06 CAD per unit monthly, or from $0.72 CAD per unit annually.  The yield on cost is 7.38%.   

This purchase adds $2.16 CAD to my annual dividend income.

Shares Purchased Via DRIP

1 unit of HHIS.TO @ $11.44 for a total cost of $11.44 CAD (TFSA)

1 unit of REI.UN @ $21.7961 for  a total cost of $21.80 CAD (TFSA)

2 shares of EMA.TO @ $71.46779 for a total cost of $142.94 CAD (Margin)

1 unit of AP.UN @ $9.56 for a total cost of $9.56 CAD (TFSA)

1 unit of KMP.UN @ $17.89704 for  a total cost of $17.90 CAD (TFSA)

1 unit of SRU.TO @ $28.06234 for a total cost of $28.06 CAD (TFSA)

1 share of FTS.TO @ $75.85433 for a total cost of $75.85 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 Montreal (BMO.TO) increased their dividend  from $1.67 to $1.71 CAD per share quarterly, or from $6.68 to $6.84 annually.  This is an increase of 2.40%.

I own 85 shares of Bank of Montreal.  This increase adds $13.60.

On May 27, Bank of Nova Scotia (BNS.TO) increased their dividend  from $1.10 to $1.14 CAD per share quarterly, or from $4.40 to $4.56 annually.  This is an increase of 3.64%.

I own 104.400884 shares of Bank of Nova Scotia.  This increase adds $16.70 to my annual dividend income.

On May 28, Royal Bank of Canada (RY.TO) increased their dividend  from $1.64 to $1.76 CAD per share quarterly, or from $6.56 to $7.04 annually.  This is an increase of 7.32%.

I own 56 shares of Royal Bank.  This increase adds $26.88 to my annual dividend income.

On May 28, TD Bank (TD.TO) increased their dividend  from $1.08 to $1.12 CAD per share quarterly, or from $4.32 to $4.48 annually.  This is an increase of 3.70%.

I own 256 shares of TD Bank.  This increase adds $40.96 to my annual dividend income.

Dividend Decreases

There was no dividend decreases in the month of May 2026. 

Summary: 

As of June 7 2026, the total value of the portfolio is $392983.73 . This is a 5.76% increase over last month's total.

The portfolio is estimated to produce an estimate $14359.15 CAD in dividend income over the next 12 months. This is an increase of $599.89 CAD , or 4.36%. 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 in April 2026 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.