Canadian Dividend Portfolio Update: June 2021 | WealthSimple Trade
Another month and another progress report on my Canadian dividend income portfolio. June 2021 marks the seventh month in my dividend investment journey that started in December 2020. June being a quarter-end for many companies, this month marks the highest dividend income I received so far.
Dividend Portfolio Value
It is quite a pleasure to see that my portfolio has grown in market value by around 20% since its inception. However, this includes a realized gain of two trades that I did. Hence, of the stocks I hold at the moment, the growth is approximately 15% or $179 since inception. This is extremely good. But I can’t take credit for this since I bought the dip due to the COVID-19 pandemic.
From December 2020 until June 2021, I have deposited a total of $1,100 into this portfolio. However, after my ‘experiment 1’ bore fruits, I was able to grow some wealth and re-invest it. Also, I received some referral bonuses on WealthSimple Trade sign-ups. So, my invested value and deposited value are a bit different from each other.
Experiment 01 Results
The first-ever experiment in my portfolio was with two growth stocks. Whenever there was a little bit of cash left after I’ve invested in the dividend stocks, I put the leftover aside on two stocks; Supreme Cannabis Company (FIRE.TO) and Fission Uranium Corporation (FCU.TO). Supreme Cannabis Company had an average cost of $0.177 and by June it had grown to $0.355, a growth of 98%. Fission Uranium Corp. had an average cost of $0.4 and had grown to $0.64, a growth of 60%. I sold both holdings, which turned my $38 investment into $72, and all of this went into my experiment #2.
Canadian Dividend Portfolio Update: June 2021
Let’s get to the juicy stuff now.
At the end of May 2021, I held 12 companies out of which 10 are dividend stocks. In June 2021, total holdings increased to 13, with 12 of them being dividend companies. However, this includes selling off two non-dividend holdings (as mentioned above) and adding one non-dividend stock. I also added one brand new dividend stock during the month.
| Company | Ticker | No. of Shares | Purchase Price | Total Value at Cost |
| Keyera Corp. | KEY | 4 | $22.89 | $91.56 |
| Manulife Financial Corp. | MFC | 4 | $23.12 | $92.48 |
| Pembina Pipeline Corp. | PPL | 3 | $30.71 | $92.13 |
| Shaw Communications | SJR-B | 4 | $22.10 | $88.40 |
| Canadian Utilities | CU | 3 | $31.72 | $95.16 |
| Enbridge Inc. | ENB | 2 | $45.31 | $90.62 |
| North-West Health Prop REIT | NWH.UN | 1 | $13.04 | $13.04 |
| E Split Corp (Class A) | ENS | 10 | $13.55 | $135.47 |
| Timbercreek Financial | TF | 12 | $9.27 | $111.24 |
| Dividend 15 Split Corp. | DFN | 12 | $8.22 | $98.64 |
| Canoe EIT Income Fund | EIT.UN | 17 | $12.07 | $205.19 |
| Newport Exploration Ltd | NWX | 19 | $0.45 | $8.55 |
| Total | $1,122.48 |
I have another $81.90 invested towards my second experiment–another potentially short-term growth stock.
Dividend Income Update: June 2021
June 2021 is the second quarter for many companies and I do hold a few quarterly dividend stocks. So, naturally, there was a boost in dividend income for the month, also continuing the momentum of growth of dividend income for 6 months straight.
In June 2021, the total dividend income from my portfolio was…*drumroll* $8.91, my highest-ever so far.
Below is the breakdown of total dividends received in my portfolio so far.
| Company | Dividend Frequency | Dividend Per Share | Jan 21 | Feb 21 | Mar 21 | April 21 | May 21 | June 21 | Total Dividends |
| Keyera Corp. | Monthly | $0.1600 | $0.64 | $0.64 | $0.64 | $0.64 | $0.64 | $0.64 | $3.84 |
| Manulife Fin. Corp. | Quarterly | $0.2800 | – | – | $1.12 | – | – | $1.12 | $2.24 |
| Pembina Pipeline | Monthly | $0.2100 | $0.63 | $0.63 | $0.63 | $0.63 | $0.63 | $0.63 | $3.78 |
| Shaw Comm. | Monthly | $0.0985 | $0.40 | $0.40 | $0.40 | $0.40 | $0.40 | $0.4 | $2.39 |
| Canadian Ut. | Quarterly | $0.4398 | N/A | – | – | – | – | $1.32 | $1.32 |
| Enbridge Inc. | Quarterly | $0.8350 | N/A | N/A | – | – | – | $1.67 | $1.67 |
| North-West REIT | Monthly | $0.0667 | N/A | N/A | – | $0.07 | $0.07 | $0.07 | $0.14 |
| E Split Corp (A) | Monthly | $0.1300 | N/A | N/A | N/A | – | $0.91 | $1.17 | $0.91 |
| Timbercreek Financial | Monthly | $0.0575 | N/A | N/A | N/A | N/A | N/A | $0.69 | $0.69 |
| Dividend 15 Split Corp. | Monthly | $0.1000 | N/A | N/A | N/A | N/A | N/A | $1.20 | $1.20 |
| Canoe EIT | Monthly | $0.1000 | N/A | N/A | N/A | N/A | N/A | N/A | – |
| Newport Exp. | Quarterly | $0.0175 | N/A | N/A | N/A | N/A | N/A | N/A | – |
| Total | $1.664 | $1.667 | $2.79 | $1.74 | $2.65 | $8.91 | $19.42 |
In 6 months of dividend incomes, I have received $19.42 in total. This is on an investment of $1,122.48, which represents an annualized yield of 6% for 2021. Considering the companies I’ve invested in, the yield should be higher, but of course, I’m not benefiting from a full year of dividends.
Full disclosure: my investment in Newport Exploration Ltd was purely made due to its incredible dividend yield of 15.56% at the time of purchase. However, this investment was made out of leftover cash for the month. I only own 19 shares at $0.45 per share.
As per the total cash dividend paid out, Keyera Corp. remains my #1 dividend stock, closely followed by Pembina Pipeline. There is little chance that any other holding I own now will surpass these two within this year.
Dividend Stock Purchases During June 2021
Newport Exploration Ltd
As I mentioned before, my investment in Newport Exploration Ltd (NWX.V) was purely persuaded by its dividend yield of 15%. At the time of this article, its share price remains at $0.44 per share, representing a dividend yield of an abnormal 15.9% per annum.
However, Newport Ex. is not a ‘bad’ company at all, despite its dividend yield looking very sketchy. NWX engages in the acquisition and exploration of resource properties. The company holds a 100% interest in the Chu Chua copper-gold project located to the north of Kamloops, British Columbia, Canada. It also holds a 2.5% gross overriding royalty interest on oil and gas permits in the Cooper Basin in Queensland, Australia. The royalty payment is fixed, which provides much-needed stability in an otherwise volatile industry.
However, not much evaluation went into this acquisition of shares as the investment represents only 0.6% of my portfolio value.
Canoe EIT Income Fund
Canoe EIT Income Fund was my main dividend investment during the month of June 2021. This is a close-ended income fund managed by Canoe Financial LP. The fund invests in the public equity and fixed income markets of Canada and the United States.
I have done a comprehensive review of Canoe EIT Income fund in a previous article, which attempts to understand its incredibly high dividend yield of over 9.9% per annum.
Conclusion
In a snapshot, I can safely say that my dividend portfolio is steering towards very high-yield dividend companies in Canada. This is not my objective, but I can afford to take this risk since my portfolio is quite small still. If I were to lose everything, I would still lose only $1,100 of my money. This, I can afford to lose. However, I will be divesting my attention towards more stable stocks in the future and will look to balance the risk factor of this portfolio.
So, that is a full roundup of my dividend investment journey for June 2021. Let me know if you have any questions or feedback you would like to share about investing in the comments below.
Until the next one, happy investing.
