October 2021 Dividend Income

Hello and welcome everyone to my October dividend income post. Hope you all had a good month, October was another good month with some of my favourite Canadian stocks paying me. I received $644.05 in income from ten stocks and one ETF. Here is the breakdown per account:

• TFSA $397.00
• RRSP $247.05

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.

Tax Free Savings Account (TFSA)

	2020	2021
Bank of Nova Scotia	$109.80	$110.70
BCE	$61.60	$74.38
Telus	$50.97	$72.41
TC Energy	$26.73	$41.76
The Keg Royalties Income Fund	$15.35	$29.04
iShares S&P/TSX Capped Reit Index ETF	$41.76	$25.50
Aecon	$20.80	$22.75
Go Easy	$13.95	$20.46
Inter Pipeline	$12.36
Power Corp	$46.09
Total	$399.41	$397.00

Four of my top stocks delivered the most income this month. I hold this account with WealthSimple and on their Trade app I am able to purchase fractional shares of BCE, Telus, BNS and TC Energy so over the future months I will be plowing every cent I earn back into them, which will then increase my income. Another positive thing to happen was The Keg returned its monthly distribution back to pre-pandemic levels, that is why you see the big jump from them. My income dropped this month as Power Corp moved their dividend payout to November.

Registered Retirement Savings Plan (RRSP)

	2020	2021
Altria Group	$73.96	$126.00
Algonquin Power & Utilities	$60.02	$85.30
Merck & Co.		$35.75
BCE	$121.55
Leon’s Furniture	$0.14
Power Corp	$110.98
Telus	$62.91
TC Energy	$121.50
Total	$551.06	$247.05

Quiet month with only three stocks paying me.

Dividend Reinvestment Plan (DRIP)

	# of Shares	Forward Income
Altria	2	$7.20
Bank of Nova Scotia	1.3418	$4.83
BCE	1.175	$4.11
Algonquin Power & Utilities	6	$4.09
Telus	2	$2.52
TC Energy	0.6184	$2.15
Aecon	1	$0.70
Total		$25.60

Had a good month for drips, I received about 14 new shares and forward income of $25.60.

Month to Month Dividends

Dividends Received Per Year

2021 Dividend Goal

Well I got the gauge out of the red area so that’s a good thing lol. I’ve got two months to get it into the green, I think this can be done and finish the year on a positive note.

Stock Purchases

• 12 shares of XAW ETF
• 2 shares of Telus
• 2 shares of Altria Group
• 1.6184 of TC Energy
• 1.3418 of Bank of Nova Scotia
• 1.175 of BCE
• 1 share of Aecon
• 0.6232 of Brookfield Renewable Partners Corporation

Dividend Increases

Had three raises this month:

• Visa 17%
• AbbVie 8.5%
• The Keg Royalties Income Fund

Thanks for reading!

Matthew