Dividend stocks portfolio – Recent Changes – January 2021

Intro..

For those of you new to this website, in this post, I discuss the recent changes I made in my dividend portfolios, and sometimes I discuss my portfolio diversification strategies as well.

Portfolio changes:

After I completed my home re-evaluation and mortgage refinancing process, I started focusing on improving my portfolio quality.

Sold my First Capital REITs (FCR.UN) units

I had two dividend cuts in the last few months from REI.UN and FCR.UN. I was expecting the dividend cut from RioCan; however, FCR.UN reduction was unexpected for me.

Due to these dividend reductions, my estimated yearly dividend income went down slightly. However, there were a few companies and ETFs in my portfolio increased their distributions.

Therefore, dividend cut impacts partially offset by their dividend hikes.

The reasons behind their dividend reductions are acceptable. Both businesses have been experiencing a more challenging time due to the pandemic is driven lockdowns. Many of their clients are having a hard time paying their rent.

However, their share prices didn’t negatively impact with the dividend reductions announcements because the market was already priced in for the negative results.

I decided to sell FCR.UN and keep the REI.UN for a while because after the cuts FCR.UN yield is way too low for REITs. I could deploy the money elsewhere for more quality investment with better dividend yield.

Sold Brookfield Properties partners LP (BPY.UN) units

I was expecting another dividend reduction from Brookfield Properties partners LP (BPY.UN), and I was planning to exit the position because it was one of the big dividend payers in my portfolio. Any negative news may have some impact on my annual dividend income.

Fortunately, its parent company, BAM.A, made an announcement to take the BPY.UN units private.

The unit’s price spiked high with the news. I sold the companies and purchased more BAM. A shares using the portion of the cash raised from the sale.

BPY.UN was paying around 7% dividend, but BAM was paying approximately 1.5%. Therefore, the changes affected my annual dividend income; however, my portfolio quality increased significantly higher.

And I added some RIT ETFs units as well.

BAM is one of the significant holdings in my portfolio. Now, it is an even bigger position.

Sold BIPC and BEPC shares

I received a couple of BIPC and BEPC shares as spilt (or spin-off) from my BIP.UN and BEP.UN, respectively.

Both share prices rallied high as many institutional investors can invest in those high-quality assets. Also, they have a tax advantage for non-registered accounts holders.

The spread between the LP units’ price and their corporation became so high.

So, I decided to sell the shares and purchased more LP units because I keep all these LP units in my TFSA accounts, so it doesn’t make any issues regarding taxation.

With all these changes, my yearly estimated passive income (EPI) down by $303 from $16 991 to $16 688 in January 2021.

Small-cap portfolio

Under my small-cap portfolio, I sold my MRS.V shares with fantastic profit. It was a high-risk investment compared to my other two small-cap stocks, but it rewarded me well.

And, my PTQ.v stock is also performing well recently. I am planning to hold it for a while.

DNG is a small-cap dividend-paying stock. I added a few more in January. Maybe I will move this into my Canadian dividend portfolio.

This portfolio is relatively small and higher risk than my significant dividend portfolios. Currently, I have only two positions in this portfolio (PTQ and DNG). I may consider adding a few more names in the coming months.

In my small-cap watch list, all the stocks have been performing well. Mostly, Plurilock Security (TSXV: PLUR) stock doubled in the last weeks. Unfortunately, I don’t own it.

Here are the changes I made in my dividend portfolios in January 2021:

Disclaimer..

Please note the information posted on this website is the opinion of my own and should not be considered as professional financial advice. I am not a financial professional, and I can buy, sell, or hold any investment at any time.

Any transactions I publish on this website are not recommendations to buy or sell any securities or investments.

Please do your own research or consult with a qualified financial professional before even considering using the information obtained from this website.

The changes made in my Canadian portfolio in January 2021.

• SOLD 300 units of BPY.UN at $21.47
• SOLD 32 shares of BIPC at $92.18
• SOLD 46 shares of BEPC at $75.61
• SOLD 300 units of FCR.UN at $14.55
• added 400 shares of SYZ at $11.40
• added 54 units of RIT at $16.31
• added 100 shares of BAM.A at $50.90
• added 23 units of BEP.UN at $56.83
• added 100 units of BIP.UN at $63.60

The changes made in my U.S dividend portfolio in January 2021.

• added 1 unit of DGRO at $41.44
• added 2 units of ZUD at $23.99

The changes made in my International dividend portfolio in January 2021.

• added 1 unit of ZGQ at $45.30
• added 1 unit of IDV at $29.93

Due to recent changes my yearly estimated passive income (EPI) dropped by $303 from $16 991 to $16 688 in January 2021 (exchange rate – 1USD = 1.2733 CAD)

I have updated the portfolio pages with these changes.

Commission FREE ETF purchases

Are you wondering how I can execute small orders of ETSs? Thinking about commission fees?

Actually, I use Questrade for all my ETFs purchases. There are no commission fees for ETFs purchases at Questrade. Therefore, we could buy one or any number of ETFs without paying any commission fees.

This is a great way to deploy cash and invest for more cash-flow as soon as they come in.

For those looking to start investing with little money, Questrade is one of the good options to consider because of their commission-free ETF program and minimum requirements to open an account.

If you have a plan to open an account with Questrade, please accept my gift and take advantage of this $50 trade commission rebate.

There is a trading charge of $4.95 when you sell ETFs. All the details are at the time of writing. If you have a plan to open an account at Questrade, please check all the information (including current commission fees) on their website and see if it is suitable online brokerage for your needs.

Disclosure: This post contains affiliate link. Therefore, I will earn a commission if you use the links to buy products or services (at no additional cost to you).

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