Dividend Update June 2021

This month my portfolio earned $595.79 in dividends.

The portfolio rebalancing continues! I closed a couple tertiary positions to start solidifying more core holdings.

I closed my BRE position and moved all the funds to ENB. BRE seemed to be near a top whereas I believe ENB still has room to recover. Additionally, the ENB dividend seems more sustainable and will grow as the company raises their dividend. In contrast, BRE does not raise their dividend. This was more of a comfort play for me to focus on building my core portfolio while shedding positions I bought when I first started invested a couple years ago. I may re-establish this position at a later point in time.

Additionally, I closed my SMU.UN position and started establishing a position in GRT.UN instead. They’re both industrial REITs, but I believe GRT.UN will perform better in the long run. This move was primarily to realize some extraordinary gains I received on SMU.UN. I look forward to building on my GRT.UN position in the future, when opportunities arise.

Finally, I initiated a small position in EIT.UN. This is a bit of an experiment as I try to build out the income focused portfolio using whatever retained dividends I have left after DRIPs. Moving forward I will likely be adding some income funds and select ETFs to my portfolio.

DRIP – Monthly Dividend Stocks

DRIP – Quarterly Dividend Stocks

I also decided to add a section to these monthly dividend reports where I outline sales/purchases made in the month:

Sales

Purchases

Total Forward Annual Income Added (all sources): +$20.26

Note: There will be some slight variance due to differing exchange rates from the time different reports are written.