Hey investors! Hope everyone is having a good start to May and is starting to see friends and family more often, it’s been a long couple of years that’s for sure.
Welcome to April’s edition of Money While You Sleep.
Before I get into the portfolio here are a few things we have been up to:
- My corporate job took up most of my time as its shutdown season at the Refineries across Canada.
- Zoey got the opportunity to perform at the Oil Kings playoff opener and outside a new business development location
- Attended another Oiler game
- Celebrated my Moms birthday
Portfolio details:
Well the markets are pulling back in a big way as of late. This did not change how we invest as our timeline is outwards of 10-20 years. Were on sticking to our plan of buying solid businesses to hold into the future. In the meantime set those DRIP’s and let your money do the talking!
Here’s a breakdown of allocation:
April breakdown 73% Blue Chip, 21.8% Growth and 5.2% Cash
March breakdown 74.3% Blue Chip, 21.3% Growth and 4.4% Cash
February breakdown 74.7% Blue Chip, 24.8% Growth and 0.6% Cash
Sold:
No sells in April
Bought:
We added to Brookfield Renewables (BEPC.TO) by purchasing 24 shares at $47.70
Who is BEPC:
Brookfield Renewable Corporation owns and operates a portfolio of renewable energy power generating facilities primarily in Brazil, Colombia, the United States, and Europe. It operates hydroelectric, wind, and solar power plants with an installed capacity of approximately 12,812 megawatts. The company was incorporated in 2019 and is headquartered in New York, New York.
My why:
Renewable energy is going to play a key role in the economy going forward and I want to make purchases in the sector. . Brookfield Renewable will be part of the energy transition and they have deep pockets to do so. During the first Quarter of 2022 FFO came in at $243 million or $0.38/unit which is an increase of 17% YOY. They sell assets to drive value and fund growth. During the quarter, they signed an agreement to sell a small hydro portfolio in Brazil returning almost three times capital over our 10-year hold period. They also met all conditions to close the sale of a number of our Mexican assets developed by a 50% owned global solar developer. This will generate $240 million of proceeds ($30 million net to Brookfield Renewable) more than doubling the invested capital over a two-year hold period. This shows me that management is doing exactly what investors would expect. 70% of linked contracts are indexed to inflation which is a crucial concern at the moment for all businesses. Brookfield Renewable targets a sustainable distribution with increases targeted on average at 5% to 9% annually. Here are their recent results.
BEPC FIRST QUARTER RESULTS 2022
Dividend increases and decreases
- No increase in April which does not surprise me with 7 increases announced in Jan-Mar
2016 – 2022 Dividends
Dividends received were $528.41, which is a year over year increase of 53%. We had set out our annual goal of $5,000 for 2022, based on new funds and the amount of increases so far in 2022 we should have no issue achieving this! Chart below shows YTD dividends. Currently 33% to $5,000.
Dividends received
| Stock List | Dividend | Drip | Account |
| FRU.TO | $9.36 | No | TFSA 1 |
| PLZ.UN | $10.78 | Yes, 2 shares | TFSA 1 |
| NPI.TO | $14.10 | No | TFSA 1 |
| SIS.TO | $5.63 | No | TFSA 1 |
| EIF.TO | $6.84 | No | TFSA 1 |
| CNQ.TO | $60.00 | No | TFSA 2 |
| CM.TO | $67.62 | No | TFSA 2 |
| AQN.TO | $84.16 | Yes, 4 shares | TFSA 1 |
| ATD.TO | $8.80 | No | TFSA 1 |
| QBR.B | $45.00 | Yes, 1 share | RRSP |
| TD.TO | $89.89 | No | RESP |
| POW.TO | $126.23 | Yes, 3 shares | TFSA 1 |
| Total: | $528.41 |
Market
Honestly I’m looking at valuations and going to put some money to work in May. Some off the sell offs are not factoring this metric and it looks like a knee jerk on value stocks. I would not be shocked if some heavy hedge funds are being sold at no choice do to overall drop. Until I see unemployment start to rise which is definitely not the case right now, I’m happy to continue buying.
Sectors I’m currently looking at
- Banks
- Oil and Gas
- Technology
- Utilities
- Renewables
Current Dividend watch list (Already own 5 of 8)
- Equitable Group
- Restaurant Brands International (New)
- Innovative Industrial Properties, Inc
- Air products and Chemicals (New)
- Suncor
- Algonquin Power & Utilities Corp
- Canadian Bank of Commerce (New)
- Brookfield Renewable Partners L.P.
Current Growth watch list (Already own 4 of the 6)
- 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
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.
