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Thursday, May 5, 2022

Watch out for more dividend candy coming from Pembina Pipeline Corporation (PPL) later on in 2022!

Yesterday, when the TSX gained some massive points, I was surprised. Usually, the markets don't love when interest rates are raised, they are tempted to react very negatively to any raised. Maybe US investors were expecting such raise and that they actually welcome it positively because quite obviously, something need to be done to calm down inflation. 

Both in US and Canada, central banks had been quite slow to react. It's almost feel like it's too late now. The markets are on a freak recession mode, I just don't get what's going on. When a recession hit, central banks decreased interest rate. They certainly cannot do that any time soon because of the inflation we are dealing with. Can we possibly deal with a recession when inflation is so high? That's a question that remain. 

My stock portfolios took another bad hit, losing somewhere in the $5,000 in a single day... My non-registered portfolio closed today session at $144,890.12, my US portfolio at $4,956.37, my RRSP stocks only portfolio at $64,932.60 and my TFSA portfolio at $124,876.48. My margin debt is currently at $45,482.50.

In my non-registered portfolio, Pembina Pipeline Corporation (PPL) is one of my major holding. Back in the days, PPL was a Derek Foster stock. Its no sirprise, but Pembina Pipeline declared some strong results for the first quarter to 2022. One awesome news being that PPL investors can expect a dividend increase of $0.0075 per share per month, sometimes in the third quarter of 2022. For me that's quite good news because it will eventually bring my dividend income earn inside my non-registered and TFSA portfolios in an equivalent of somewhere to $780 per month. Again, its not all dark out there, but its super hard to navigate in such environment.       

BCE Inc. (BCE) is another stock of mine that had been doing quite well lately. Let just hope that this recession will no where to be seen anytime soon and it will be all fine.

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