Happy New Year everyone, I hope this year is the best one ever for you! Welcome to my December dividend income post, the final one for 2019. 2019 was a great year for me in terms of income received I will share more about that later. December has always been a strong month for me due to my big holdings of Enbridge, Fortis, Canadian Utilities and Power Corp, this month did not disappoint. My income was the highest ever received!
For the month I had 21 stocks and one ETF pay me, a lot of deposits were made in my three accounts. My income for December was $752.25 and the breakdown per account is as follows:
- RRSP $417.09
- TFSA $253.95
- LIRA $81.21
Eight US stocks paid me so here is the currency that I received the dividends in. Just a reminder to keep things simple I report the US currency as Canadian that way I don’t have to convert it to Canadian.
- USD $108.61
- CDN $643.64
RRSP
| 2018 | 2019 | |
| Enbridge | $101.32 | $114.39 |
| Fortis | $92.25 | $99.32 |
| Power Corp | $69.14 | $94.77 |
| Lockheed Martin | $19.20 | |
| Home Depot | $16.32 | |
| Johnson & Johnson | $19.21 | $15.20 |
| 3M Company | $14.40 | |
| Bank of America | $14.64 | $12.96 |
| Microsoft | $6.73 | $10.71 |
| Realty Income Corp | $13.77 | $10.67 |
| Walgreens Boots Alliance | $9.15 | |
| Alimentation Couche-Tard | $4.20 | |
| BMO International Dividend ETF | $22.23 | |
| BMO US Dividend ETF | $32.23 | |
| Canadian Utilities | $29.50 | |
| Total | $405.22 | $417.09 |
Just a slight increase compared to last years total. This time next year I’m hoping there won’t be any sells in this account. It was a big month for the US paying stocks as eight of them paid this month. Also I should just mention that a couple of the US stocks dividends are lower this year compared to last year, that is only because last years total was converted into Canadian. This years figure is actually in US dollars.
TFSA
| 2018 | 2019 | |
| Canadian Utilities | $60.17 | $65.52 |
| BMO International Dividend ETF | $38.79 | |
| Inter Pipeline | $34.20 | $35.06 |
| The Keg Royalties Income Fund | $28.29 | $28.85 |
| Plaza Retail REIT | $24.47 | $25.08 |
| Suncor | $20.58 | |
| Chrous Aviation | $18.04 | $18.48 |
| Canadian Apartment Properties | $9.20 | $9.55 |
| Canadian National Railway | $6.83 | $8.06 |
| European Residential REIT | $3.98 | |
| Artis REIT | $7.43 | |
| Boston Pizza Royalties Fund | $12.31 | |
| Corus Entertainment | $12.18 | |
| Total | $213.12 | $253.95 |
A big month for my TFSA income growth was 19% thanks mainly to Suncor and my ETF. The drip program also had a big hand as well as five of these stocks drip at the moment.
LIRA
| 2018 | 2019 | |
| Enbridge | $69.11 | $77.49 |
| Diversified Royalty Corp | $2.22 | $3.72 |
| Total | $71.33 | $81.21 |
Dividend increases and one purchase of Diversified Royalty shares are the reasons for the nice raise here.
DRIP
| # Of Shares | Forward Income | |
| Enbridge | 3 | $8.85 |
| Canadian Utilities | 1 | $1.69 |
| Fortis | 1 | $1.91 |
| Plaza REIT | 5 | $1.40 |
| Inter Pipeline | 1 | $1.71 |
| Chorus Aviation | 2 | $0.96 |
| The Keg Royalties Income Fund | 1 | $1.13 |
| Power Corp | 2 | $3.24 |
| Diversified Royalty Corp | 1 | $0.23 |
| Total | 17 | $21.12 |
Another solid month for DRIPs. Have you ever wished for a stock price to drop so you could get a stock from the drip? That’s what I was doing for Power Corp due to the rise in share price I missed out on dripping another share. I shouldn’t really complain it is nice to have some capital appreciation from Power Corp.
Since July when I turned the drip on my portfolio has been able to receive an additional 74 shares which have boosted my forward income by $78.86
2016 To 2019 Dividends
Dividend 2019 Goal
Folks I came so close to my goal but fell short by $493.97. Last year my income was $5,994.57 and as you see finished this year at $7,506.03 I had tremendous growth and I’m happy where I finished the year.
Stock Purchases
I made one final purchase of 2019 in December. I purchased 242 shares of European Residential Reit.
Dividend Increases
I received two raises from core holdings in my portfolio.
- Bank of Montreal
- Enbridge
That’s a wrap folks on my income post and for 2019.
Thanks for reading! Happy 2020 everyone!
Matthew
All About The Dividends 
Congrats on the impressive month and YOY increase. Keep it up!
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Thanks it was a great way to finish the year off.
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Congrats on your YOY increase! I achieved my dividend goal but missed slightly on my net worth.
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Thank you! Hope you have a great 2020 and achieve your goals.
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awesome man great month and year for you.Got to love seeing fortis and power corp breaching that 100$ income mark, always love hitting those achievements.
Keep it up Matt
cheers
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Thanks Rob I love seeing my stocks pay me $100 quarterly, now if I could get all of my investments to do that 😁
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Love the core holdings in your RRSP account. Those are some serious payouts!! $100 payouts are sweet! Congrats on reaching all time high in dividend income! That’s what it’s all about. Each year we’re getting closer and closer FI.
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Thanks buddy, hopefully I can get more of those big payments from more stocks.
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Oh so close to your goal Matthew. But isn’t that the point of a stretch goal? Really, it is a win, win. sure, you didn’t hit the goal. But man, look at all your progress during the year. Congratulations!!
Bert
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Thanks Bert, you are so correct about the stretch goal. Thanks for reading!
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[…] All About the Dividends – $752.25 – 2019 was an excellent year for Matthew. For December, and the rest of the year, Matthew received A LOT of dividend income. That’s what it is all about right there! […]
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Looks like you had many portfolio changes over the course of the year, Matthew. However, it certainly didn’t put a dent in your YoY progress. $7.5K for the year is pretty sweet. Can’t wait to see what you do when you DRiP for an entire year, too.
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