Dividend Income Update: November 2020

    

      

The month of November 2020 is another month of dividend income landing in my accounts. Recently, I switched my pay yourself first model to concentrate a little on debt repayment. The interest on debt is 7.16% 5.66% plus the insurance on the debt. The decrease in the interest rate is a result of emergency rate cuts by the Bank of Canada over the COVID19 pandemic. 

 

Note: All the dividends and totals below are in Canadian Dollars.

Non-registered Accounts 
  

Bank of Montreal (BMO) - $90.10

Emera Inc (EMA) - $63.75

Enerplus (ERF)  - $7.43

Shaw Communications (SJR.B) - $19.75

Subtotal : $181.03


TFSA

A&W Royalties Income Fund  (AW.UN) - $3.80

Boston Pizza Royalties Income Fund (BPF.UN) - $15.67

Cominar REIT (CUF.UN)    - $6.84

Killam Properties REIT (KMP.UN)    - $17.11

Royal Bank of Canada (RY) - $60.48

Subtotal: $103.90

Total = $284.93


I received a total of $284.93 in dividend income for the month of November 2020. This represents a 4.19% increase from 3 months ago and 8.32% decrease year over year. 

The decrease year over year was due to dividend cuts. Cineplex, which paid monthly, has stopped paying a dividend for a few reasons. As Cineplex deal to be bought out did not get completed, Cineplex has been hit extremely hard due to COVID19 health pandemic.  Boston Pizza Royalties Income Fund suspended their dividend from several months and then started to pay a monthly dividend again, albeit at a lower amount.  

I received dividend / distribution income from 9 different companies. 

I received $0.00 in option premiums within my investment accounts in November 2020.

Below is a visual of my dividend totals for the last 5 years.

Most of my dividend income comes from my margin account. 

Next, I will show the percentage of total income for each position.

Click to Enlarge

I will update my dividend income tab with the new amount. I will include my option premium income also. It is great to see money from passive income sources deposited into my brokerage account every single month.

Note: Any activity in my RRSP account is not included in these totals. 

How was your dividend income for November 2020?


Disclosure : Long all mentioned securities

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.

Portfolio Update : November 2020

 The month of November 2020 now behind us. Some major things have happened in the world, which affect the markets in some way.

The top 2 news items are the US presidential election results and COVID19.  The amount of cases of COVID19 have increased across Canada and the United States.  This can be due to changes in the weather.  As temperatures decrease people will spend more times indoors.  Lockdowns or partial lockdowns are coming more frequent nowadays to help control the spread.   

A COVID19 vaccine could be on its way in late December or early in 2021.  The vaccine will come in stages, so it will likely be the end of 2021 until things get back to "normal".  Canada's Chief Medical Officer said even if every one takes the vaccine, we should continue to wear masks for 2 to 3 years.  

The results of the US presidential election have been disastrous.  Regardless of the results, it has been evidence of wrong doing.  Mail in voting does not work.  In Canada, anytime I voted I had to show valid photo ID and the voter card.  Years ago, I also worked an election at the municipal level as Deputy Returning Officer.  I had to say to each voter "  One for mayor, one for Councillor, and one or two for schoolboard".  When counting the votes, I read the vote selection for each ballot out loud and then showed the ballot to the poll clerk, and one representative for each candidate on the ballot.

Portfolio Activity

Margin Account Activity

There was no activity in this account.

TFSA Activity

I was building up cash in my TFSA.  I have not taken money out of this account in  a very long time.   So, as the dividends and distributions were deposited and adding cash, I started to look for opportunities.

On December 2, I noticed the price of a stock I was watching had falling in value.  I was debating waiting for more cash to purchase more shares or buy as many shares as I could at that time.

I purchased 17 shares of Fortis Inc (FTS.TO)  at $51.12 for a total cost of $874.05 including commissions.  Fortis currently pays a quarterly dividend of $0.505 per share, or $2.02 per share annually. 

This purchase adds $34.34 CAD to my annual dividend income. 

 

Shares Purchased Via DRIP

2 shares of ERF.TO @ $2.8635 for a total cost of $5.73 (Margin Account)

1 units of BPF.UN.TO @ $10.24794 for a total cost of $10.25 (TFSA)

Enerplus pays a monthly dividend of $0.01 per share monthly, or $0.12 per share annually. This drip adds $0.24 to my annual dividend income. The yield on cost for this DRIP is 4.19%.

Boston Pizza Royalties Income Fund pays a monthly distribution of $0.065 per unit monthly, or $0.78 per unit annually.  This drip adds $0.78 to my annual dividend income.  The yield on cost for this DRIP is 7.61%.

I have some other positions with the DRIP turned on, but might not have enough of a dividend to purchase a whole share. 

Please note that if some brokerages DRIP shares when there is no DRIP program by the actual company. This DRIP is when the brokerage buys the shares directly off the public market stock exchanges. 

Dividend Increases

On November 6, Telus Corporation (T.TO) increased their quarterly dividend from $0.0.29125 to $0.3112 per share, or from $1.165 to $1.2448 per share annually.  This is an increase of 6.85%. 

I own 48 shares of Telus, so this increase adds $3.83 to my annual dividend income. 

On November 12. Intertape Polymer Group (ITP.TO) increased their quarterly dividend from $0.1475 USD per share to $0.1575 USD per share, or from $0.59USD  to $0.63USD annually.  This is an increase of 6.78%.

I own 120 shares of Intertape Polymer Group.  Therefore, this increase adds $4.80USD to my annual dividend income.  The dividends are converted to Canadian dollars prior to landing in my account.  At the time of this writing, this is equivalent to $6.14 in Canadian dollars. 

Dividend Decreases

There was no dividend decreases in November 2020. 

Summary: 

As of December 5, 2020 , the total value of the portfolio is $125790.47. This is a 13.31% increase over last month's total. 

The portfolio is estimated to produce an estimated $5474.26 in dividend income over the next 12 months. This is an increase of $36.19CAD , or 0.67%. Some of the dividends in the Canadian stocks section are paid in US dollars, which are converted to Canadian dollars. 

Please Note: Positions in Restaurant Brands International (QSR.TO) , Intertape Polymer Group (ITP.TO), and Brookfield Renewables Corporation (BEPC.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.

Recent Purchase

The markets have been going up and up almost everyday and it is harder to find opportunities to put cash to work.  

I had some money and decided to put the money to work in a stock I have been watching for some time.  

I did a stock analysis on Fortis Inc (FTS.TO).    The dividend was increased since I wrote that post. 

The stock has come under pressure as of late and is currently trading a lower price than when I wrote the linked post that mentioned previously.  That would indicate the stock is possibly more undervalued.

I had some money in my TFSA, and decided to take advantage of this opportunity.

Purchase

I purchased 17 shares of Fortis Inc (FTS.TO) at $51.12 per share for a total cost of $874.05 including commissions.

Fortis is currently paying a quarterly dividend of $0.505 CAD per share, or $2.02 per share annually.  

This purchase adds $34.34 to my annual dividend income.  The yield on cost for this purchase comes in at 3.93%.  This yield is 34 BPS above the stocks own 5yr average yield of 3.59%.

This purchase was made in my TFSA.  For disclosure, I do have a Fortis position in my RRSP, but I do not include the RRSP as part of the dividend income for the blog.  Also, I am selling covered calls in my RRSP on the Fortis position.

I will update my investment tab spreadsheet in a few days with this transaction.

Disclosure:  Long FTS.TO

Video credit : Fortisinc.com

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.