September 2021 Dividend Income

Happy October everyone! Since it’s the start of a new month that means it’s time to share with you the dividends I received in September. September was a good month for my portfolio, I received the fourth highest amount of income for the year. Also the portfolio had a lot of dividend increases, which I will share with you later in the post.

My dividend income for September was $655.96, and I received this from 20 stocks and 1 ETF. Also since it was September I had all three of my accounts contribute. Here is the breakdown per account.

  • RRSP $321.95
  • TFSA $228.80
  • LIRA $105.21

If you’re new to the site my RRSP is all in US dollars and all of my Canadian stocks sit in my TFSA and LIRA. When sharing with you the income I receive I don’t convert the US dividend income into Canadian for simplicity.

Registered Retirement Savings Plan (RRSP)

20202021
Lockheed Martin$33.60$78.00
Johnson & Johnson$24.24$42.40
Pinnacle West Capital$41.50
Home Depot$18.00$37.95
3M Company$14.70$29.60
Pfizer$29.25
Walgreen’s Boots Alliance$9.35$21.49
Bank of America$12.96$21.00
Microsoft$10.71$14.56
Visa$4.80
Organon & Co.$1.40
Enbridge$130.41
Fortis$100.75
Total$354.72$321.95

Income stayed above $300 which was nice to see after I removed Enbridge and Fortis. I received my very first dividend from Organon & Co, hopefully they can increase their dividend going forward. Most of the income amounts above are from purchases I made to start the year, this time next year it will be mostly through dividend increases so it will be interesting to see what the totals are.

Tax Free Savings Account (TFSA)

20202021
Enbridge$8.10$70.14
Fortis$7.16$37.37
Brookfield Renewable Partners Corporation$3.96$30.66
iShares S&P/TSX Capped Reit Index ETF$46.40$25.50
The Keg Royalties Income Fund$10.75$21.49
Canadian National Railway$14.95$21.01
Manulife$6.44$7.56
Alimentation Couche-Tard$7.00
Equitable Bank$4.07
Metro$4.00
BMO International Dividend ETF$32.93
Brookfield Renewable$17.55
Canadian Utilities$67.92
European Residential Reit$7.92
Inter Pipeline$12.36
Sun Life Financial$11.00
Plaza Reit$28.11
Canadian Apartment Reit$9.55
Suncor$13.86
SmartCentres Reit$10.79
Total$309.75$228.80

I think I got some good solid stocks in this account that pay in September, some big companies and a couple that are both growth and dividend growth stocks in Equitable Bank and Alimentation Couche-Tard.

Locked In Retirement Account (LIRA)

20202021
Enbridge$87.48$105.21
Total$87.48$105.21

Just the one stock in this account. I have this account from a previous employer, when I was laid off I decided to put the money into Enbridge.

Dividend Reinvestment Plan (DRIP)

# of SharesForward Income
Enbridge3$10.02
Fortis0.6438$1.28
Brookfield Renewable Partners Corporation0.6232$0.76
Canadian National Railway0.1422$0.35
Alimentation Couche-Tard0.1421$0.05
Metro0.0665$0.08
Total$12.54

With WealthSimple offering more shares to be purchased through fractional shares I’ve decided to start dripping shares again. It is my goal to reinvest the money received from each stock with every dividend payment, except for a handful of stocks I can do this in my TFSA account.

Month to Month Dividends

Dividends Received Per Year

I’m almost at my 2018 total, I should reach it with October’s income. That leaves me two months to try and reach 2019’s total.

2021 Dividend Goal

Stocks Sold

  • 153 shares of iShares S&P/TSX Capped Reit Index ETF

I decided to trim my real estate ETF on September 20th. I reduced the holding by 3% in order to put the money into better paying stocks.

Stock Purchases

  • 34 shares of Organon & Co.
  • 21 shares of Manulife
  • 12 shares of XAW ETF
  • 10.6232 shares of Brookfield Renewable Partners Corporation
  • 5 shares of Equitable Bank
  • 5 shares of Bank of Montreal
  • 5 shares of Royal Bank of Canada
  • 5 shares of Telus
  • 3 shares of Enbridge
  • 0.6438 of a share of Fortis
  • 0.1422 of a share of Canadian National Railway
  • 0.1421 of a share of Alimentation Couche-Tard
  • 0.0665 of a share of Metro

Dividend Increases

  • Verizon $0.6275 increases to $0.64 per share
  • Microsoft increases to $0.60 per share up from $0.56
  • Texas Instruments increases to $1.15 per share up from $1.02
  • Lockheed Martin increases to $2.80 per share up from $2.60
  • Emera annual dividend increases to $2.65 per share up from $2.55
  • Fortis increases to $0.535 per share up from $0.505

Hope you all had a great month of September.

Thanks for reading!

Matthew

7 thoughts on “September 2021 Dividend Income

  1. Excellent growing dividend income Matthew. I see that you hold positions with Lockheed Martin. How long have you been investing in them? We are looking at consolidating our portfolio and considering partnering with LMT once we offload some other positions.

    Keep it up! You’re killing it.

    Liked by 1 person

  2. I had completely missed that Wealthsimple is doing fractional shares now. Thanks!

    On another note, I have been considering investing in the Keg Royalty Fund, but the payout ratio is pretty high and the dividend growth seems poor. How do you feel about it going forward?

    Liked by 1 person

    1. WealthSimple Trade offers 250 stocks available to buy in fractional shares.

      As for The Keg I am just holding it to collect the dividend and to see whether the share price will go up to where I bought it.

      As for the dividend it has yet to recover from where it was before the pandemic. They did increase it about 4 months ago. I wouldn’t look for much growth from this stock in the near future.

      Like

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