As of December 1st 2020
November 2020 has been the best month in the stock market since the October 1987. Almost all industries posted great returns. On my portfolio, I did a 35.67% return on paper. I really think that all the stocks I have in portfolio right now are solid and will grow in the long run.
Here is what is in our portfolio on December 1st 2020:
|Bank of Nova Scotia||BNS||100||5.52%|
|Barrick Gold Corp||ABX||300||1.57%*|
|CDN Natural Resources||CNQ||104||5.61%|
|Pembina Pipeline Corp||PPL||207||7.69%|
During the month, I bought 100 shares of Bank of Nova Scotia. I personnaly think that a dividend of 5.52% is great and will benefit my portfolio on the long run. The Bank is solid and has an history of increasing dividend.
Also, I bought some 300 shares in the stock of Barrick Gold inc., ABX. Usually it would not be part of my dividend growth portfolio but I read the dividend might be increased by a significant amount. * As per the information that was distributed during Investor Day in November, Barrick Gold will more than likely adopt a policy to distribute its free cashflow in the form of a dividend. The dividend will be calculated on the predicted cash on hand and margins from operations. I expect the dividend to be starting at a yield of around 4%.
Looking forward I would like to buy more shares of quality companies that are yielding a dividend of between 4 to 12%.