The month of September 2021 is now behind us.
In Canada, we had the federal election. People in some parts of Canada had to deal with long lineups at polling stations into the early morning hours the following day. This was due to reduce number of polling stations and people having to practice social distancing. The liberals won another minority government and the seat count roughly the same.
Unlike the last election in 2019, the liberals won 2 seats in Alberta. One of these seats was in the Calgary Skyview riding. There is possible illegal activity done my the liberal candidate as it was shown on a security camera that an opponent's campaign mail brochure was removed from a resident's mailbox.
Covid19 is causing havoc on our health care systems in some provinces. The premiers of various provinces having the most cases and deaths, are refusing to go into lockdowns. Instead, a vaccine passport system in being implemented. This would allow people who are vaccinated against COVID19, to be able to do things such as attend sporting events and dine in at a restaurant. All levels of government are hoping more and more people will get vaccinated as a result of this vaccine passport system.
So, the markets will be strongly affected by COVID19 for several more months to come.
Portfolio Activity
Margin Account Activity
On September 10, I sold 1 NFI.TO October 15 2021 $28 put option and collected a premium of $24.05 after commissions.
This option was trading out of the money when making the trade. Since the trade, the stock fell sharply as New Flyer Group came out with a statement saying they are dealing with supply issues. The supply issues are result of shipping backlogs across the globe.
I am likely to "Buy to Cover" this option on Monday morning if it didn't get assigned.
There was no further activity in this account. I did not add money to the account, but the dividends remained in the account.
TFSA Activity
On September 23, I purchased 83 shares of Algonquin Power and Utilities (Ticker symbol AQN.TO ) at $19.42 for a total cost of $1617.10 including commissions. I did not write a post about this transaction.
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Alqonquin Power and Utilities pays its dividend in US dollars. Alqonquin Power and Utilities pays a dividend $0.1706 USD per share quarterly, or $0.6824 USD per share annually.
This purchase adds $56.64 USD to my annual dividend income. This is equivalent to $71.65 in Canadian dollars at the time of this writing. The dividend is converted to Canadian dollars prior to being deposited in my brokerage account. The yield on cost of this purchase, using the Canadian dollar equivalent, is 4.43%.
There was no further activity in this account. I continue to add money to this account via paying myself first. All the dividends remained in the account.
Shares Purchased Via DRIP
3 shares of ERF.TO @ $8.17 for a total cost of $24.51. (Margin Account)
1 unit of BPF.UN.TO @ $13.39575 for a total cost of $13.40 (TFSA)
Boston Pizza Royalties Income Fund pays a distribution of $0.065 per unit monthly, or $0.78 per unit annually. This drip adds $0.78 CAD to my annual dividend income. The yield on cost for this DRIP is 5.82%.
Enerplus Corporation pays a dividend of $0.038 per share quarterly, or $0.152 per share annually. This drip adds $0.46 CAD to my annual dividend income. The yield on cost for this DRIP is 1.134%.
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.
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 September 24, Emera Inc. (EMA.TO) increased their dividend from $6375 to $0.6625 per share quarterly, or from $2.55 to 2.65 per share annually. This is an increase of 3.92%.
I own 122 shares of Emera. This increases adds $12.20 CAD to my annual dividend income.
On September 29, Fortis Inc. (FTS.TO) increased their dividend from $0.505 to $0.535 per share quarterly, or from $2.02 to $2.14 per share annually. This an an increase of 5.94%.
I own 47 shares of Fortis. This increase ads $5.64 CAD to my annual dividend income.
Dividend Decreases
There was no dividend decreases in September 2021.
Summary:
As of October 2 2021 , the total value of the portfolio is $162246.09 . This is a 1.350% decrease over last month's total.
The portfolio is estimated to produce an estimated $5938.49 in dividend income over the next 12 months. This is an increase of $97.41 CAD , or 1.668%. 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), 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 an
