Welcome to another edition of Money While You Sleep. Hope everyone is enjoying a nice spring, weather has been beautiful in Alberta. April for us was a really crazy month with kids activities and work. the good news is we got back into adding into a few names in the portfolio early in the month, before I get into that this is what we have been up to:
- Went to game 1 in the first round against the kings.
- C started baseball and power skating classes.
- Went and saw the new Mario movie as a family, been a while since we went to the theater.
- Z started all her competition for dance, this is her first year in competing.
Portfolio details:
Made some moves and also:
- Added $1k into Maria’s TFSA. We are doing it slower this year as we have some large purchases to make.
Sold:
We sold full position in XTC.TO as it continues to struggle and the payout ratio has gotten way too high for a company that hasn’t been able to perform strong over the last several years.
Bought
Added to EIF (Exchange Income Corporation) with another 28 shares after another solid quarter to end the year, upping 2023 guidance and with the purchase of BVGlazing Systems. With a forward PE ratio of around 15, a Dividend yield of 4.65% and a payout ratio of 90% although high I believe they will be able to continue to pay without issues especially with the aerospace sectors really starting to pick up.
Added to NPI (North Power Inc.) with another 50 shares. NPI focuses on green energy plays and although out of favor currently I like the sector long-term, we also know that the Government continues to support and fund the sector. With a forward PE of 22, Dividend yield of 4% and a payout ratio of 40%, I believe they can continue to pay the dividend and at the same time put cash to future opportunities.
Added to my favorite oil play by picking up 14 shares in CNQ (Canadian Natural Resources). Anyone that follows the name knows they know how to make money and really thrive in the sector. Working at plenty of their sites over the years you can definitely see it. With a forward PE of 9, a Dividend of just under 5% going along with a healthy payout ratio of 38% you can see just in the numbers that they can continue to grow the dividend for years to come.
Dividend increases and decreases
None this month
2023 Dividends
Dividends came in at $529.04. This is a year over year increase of 1 big fat dollar. We also dripped 9 new shares. We have set out our annual goal of $6,000 for 2023. Playing this one more conservative with higher living costs, heavier cash position, potential smaller dividend increases across the board as well as taking longer than usual to fund TFSA accounts. We are 32% to our goal through the first four months.
Dividends received
| Stock List | Dividend | Drip |
| FRU.TO | $10.53 | No |
| PLZ.UN | $11.34 | Yes, 2 shares |
| NPI.TO | $14.10 | No |
| SIS.TO | $5.85 | No |
| EIF.TO | $15.12 | No |
| TD.TO | $97.92 | Yes, 1 share |
| CNQ.TO | $84.60 | No, DRIP is set off |
| CM.TO | $90.10 | No, DRIP is set off |
| AQN.TO | $60.68 | Yes, 5 shares |
| ATD.TO | $11.20 | No |
| QBR.B | $46.20 | Yes, 1 share |
| QSR.TO | $18.24 | No |
| MDT | $29.52 | No |
| GRT.UN | $8.03 | No |
| CASH.TO | $25.61 | No |
| Total: | $639.94 |
My interests this month
- Healthcare
- Oil and Gas
- Technology
- Utilities
Sectors I’m currently looking at
Current Dividend watch list (Own 5 of 6)
- Medtronic plc
- Fortis
- Granite Real Estate Investment Trust
- TD Bank
- Equitable Group
- QUALCOMM Incorporated
Current Growth watch list (Already own 4 of the 6)
- BRP Inc
- Nuvei Corporation
- WELL Health
- Good Natured Products
- Bragg Gaming Group
Thanks for reading and feel free to leave a comment!
Invest in yourself
Brian
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.
