Welcome to Decembers “Money While You Sleep Edition”. I hope all of you enjoyed the holidays and got to spend much needed time with your families and friends! The last couple years has been difficult for most and let’s hope we can get back to normal in 2022. From a dividend standpoint we had a record month. Before we get into that here is a few things we have been up to.
- Celebrated my Nephews 5th Birthday
- Enjoyed both Christmas eve and day with Family
- Brought the kids skating
- Got spoiled at Christmas by receiving a new desktop computer and monitor.
- Started to map out basement finishing
Blue chip/dividend names continue to do the heavy lifting for us and has a really nice finish to the year. Lets see if Growth names can turn it around in 29022 Time will tell. I’ll get to the buys in the portfolio shortly.
Here’s a breakdown of allocation, dividend stocks outperformed growth stocks by moving from 69.5% to 71.4%.
No sells this month
No Buys this month
Dividend increases and decreases
- The Toronto-Dominion Bank (TD.TO) increases dividend by 13%. This will increase our annual amount from $319.16 to $359.56.
- Canadian Imperial Bank of Commerce (CM.TO) increases dividend by 11%. This will increase our annual amount from $245.28 to $270.48.
- Royal Bank of Canada (RY.TO) increases dividend by 11%.This will increase our annual amount from $129.60 to $144.
- Enbridge Inc. (ENB.TO) increases dividend by 3%. This will increase our annual amount from $277.22 to $285.52.
- AltaGas Ltd. (ALA.TO) increases dividend 6% and changes payment from quarterly to monthly. This will increase our annual amount from $66.96 to $71.
- Bank of Montreal (BMO.TO) increases dividend 25%. This will increase our annual amount from $216.24 to 271.32
These dividend increases in December will bring a huge boost in 2022, really starting to see the benefits to holding companies that increase their dividends each year.
2016 – 2021 Dividends received
This month was a record with finally receiving more than $500 in dividend income. We came in at $516.80, which is an increase of 98% over Dec 2020 ($260.92). We also smashed our dividend goal of $3,400 in 2021 by receiving $3,864.44. With the amount of dividend increase received in Nov and Dec alone we will need to up the ante in 2022.
|EXE.TO||$7.52||Yes, 1 share||TFSA 1|
|CSH.UN||$16.52||Yes, 1 share||TFSA 1|
|PLZ.UN||$10.59||Yes, 2 shares||TFSA 1|
|ENB.TO||$69.31||Yes, 1 share||TFSA 1|
|MFC.TO||$122.76||Yes, 5 shares||TFSA 1|
|XTC.TO||$33.80||Yes, 3 shares||TFSA 1|
|SU.TO||$46.62||Yes, 1 share||TFSA 1|
|QBR-B.TO||$41.25||Yes, 1 share||RRSP|
Current economy conditions
Canada unemployment rates continue to fall. Numbers have not been updated as of yet, it will be interesting to see if this can still drop going into 2022 with all the challenges still out there.
Gold is in the $1,800 USD range. Gold in most years goes up to start a year so we will have to see if this continues.
Thanks to a great performance by the banks our sector weighting has risen above 27.7%, although I’m happy with the performance I will not be adding to this sector at this time.
Utilities have not performed all that well this year and with potential increase in interest rates they may be flat for a while but this also gives the opportunity to add as we all know they just pass on the costs to consumers. Oil and Gas companies are making quite a bit of money, raising dividends and buying plenty of stock back. They have been added to the sector category below. More than likely we will be adding in the new year.
Sectors I’m currently looking at
- Oil and Gas
Current Dividend watch list (Already own 4 of the 5)
- Algonquin Power & Utilities Corp (NEW)
- Brookfield Renewable Partners L.P.
Current Growth watch list (Already own 4 of the 6)
- Alibaba Group Holding Limited (NEW)
- Nuvei Corporation
- WELL Health
- Good Natured Products
- Bragg Gaming Group
- BRP Inc
Thanks for reading and feel free to leave a comment!
Invest in yourself
Disclosure: I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. Please ensure you do your own research.