November 2021 Dividend Income

Hello and welcome to my November dividend income post. Hope all of you had a great month. November was awesome for me, I saw a record amount of dividend income for the month of November and I received six dividend increases. I received $502.79 in income from 11 stocks and 1 ETF. This beats my previous November high of $499.99 which occurred last year. Here is the breakdown of income per account:

• RRSP $256.49
• TFSA $246.30

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)

	2020	2021
AbbVie	$92.04	$101.40
Verizon		$51.20
General Dynamics		$47.60
Texas Instruments	$34.68	$44.85
Apple		$11.44
Bank of Montreal	$98.58
Royal Bank of Canada	$105.84
Total	$331.14	$256.49

Tax Free Savings Account (TFSA)

	2020	2021
Bank of Montreal	$56.18	$67.30
Royal Bank of Canada	$43.20	$54.81
Power Corp		$53.70
The Keg Royalties Income Fund	$15.35	$29.04
iShares S&P/TSX Capped Reit Index ETF	$41.76	$25.50
Emera		$11.93
Metro		$4.02
Inter Pipeline	$12.36
Total	$168.85	$246.30

Received a big boost in income due to Power Corp moving their payment date to November, also my investments much earlier in the year had a big impact as well.

Dividend Reinvestment Plan (DRIP)

	# of Shares	Forward Income
Power Corp	1	$1.79
Bank of Montreal	0.4896	$2.60
Royal Bank of Canada	0.4126	$1.98
Emera	0.2010	$0.56
Metro	0.0615	$0.06
Total		$6.99

I was able to boost my forward income by $7 this month.

Month to Month Dividends

My first month over month increase in income since February.

Dividends Received Per Year

2021 Dividend Goal

I will be able to get the needle in the green section of the gauge at the end of the year which was a goal of mine.

Stock Sold

I sold all my shares of Greenlane Renewables. Nothing wrong with that company, I just decided to move the money into a dividend paying stock.

Stock Purchases

• Manulife 16 shares (Greenlane money)
• XAW ETF 11 shares
• Enbridge 2 shares
• Power Corp 1 share
• Bank of Montreal 0.4896 of a share
• Royal Bank of Canada 0.4126 of a share
• Emera 0.2010 of a share
• Metro 0.0615 of a share

Dividend Increases

• Manulife 18% increases to $0.33 per share up from $0.28
• Telus increases to $0.3274 per share up from $0.3162
• Pinnacle West Capital 2.4% increase to $0.85 per share up from $0.83
• Power Corp 10.6% increase to $0.4950 per share up from $0.4475
• Alimentation Couche-Tard 25% increase to $0.11 per share up from $0.0875
• Bank of Nova Scotia 11% increase to $1.00 per share up from $0.90

Thanks for reading!

Matthew

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