Hello and welcome to my December income post everyone. I would like to wish everyone a Happy New Year and I hope you all have a great year. December saw me finish the year strong and nearly reached $700. Besides the great income total, this month also saw me make some changes to my TFSA account. I sold some investments to allow me to focus my investments in a smaller number of stocks. Also received four more dividend increases.
I received dividends from 19 stocks, and the amount they sent me a total of $681.52. The income per account is as follows:
- RRSP $340.86
- TFSA $233.78
- LIRA $106.88
Registered Retirement Savings Plan (RRSP)
| Registered Retiremant Savings Plan (RRSP) | 2020 | 2021 |
| Lockheed Martin | $36.40 | $84.00 |
| Pinnacle West Capital | $42.50 | |
| Johnson & Johnson | $24.24 | $42.40 |
| Home Depot | $18.00 | $37.95 |
| 3M Company | $14.70 | $29.60 |
| Pfizer | $29.25 | |
| Walgreen’s Boots Alliance | $21.04 | $21.49 |
| Bank of America | $12.96 | $21.00 |
| Microsoft | $11.76 | $16.12 |
| Organon & Co | $10.92 | |
| Visa | $5.63 | |
| Enbridge | $132.84 | |
| Fortis | $107.06 | |
| Total | $379.00 | $340.86 |
My new investments almost made up the difference here after I sold Enbridge and Fortis. I fully expect to return to growth next year.
Tax Free Savings Account (TFSA)
| Tax Free Savings Account (TFSA) | 2020 | 2021 |
| Enbridge | $49.41 | $72.65 |
| Fortis | $26.76 | $39.93 |
| Brookfield Renewable Partners Corporation | $14.76 | $35.21 |
| The Keg Royalties Income Fund | $15.35 | $29.04 |
| Manulife | $21.12 | |
| Canadian National Railway | $14.95 | $21.09 |
| Alimentation Couche-Tard | $8.82 | |
| Equitable Group | $5.92 | |
| Inter Pipeline | $12.36 | |
| Total | $133.59 | $233.78 |
Achieved some pretty good growth in the TFSA and I expect it to continue, except for The Keg and Alimentation Couche-Tard I have invested significantly money into all of the other stocks listed here.
Locked In Retirement Account (LIRA)
| Locked In Retirement Account (LIRA) | 2020 | 2021 |
| Enbridge | $97.20 | $106.88 |
| Total | $97.20 | $106.88 |
Dividend increases and dripped shares are the reason for the boost in income.
Dividend Reinvestment Plan (DRIP)
| # of Shares | Forward Dividend | |
| Enbridge | 3 | $10.32 |
| Brookfield Renewable Partners Corporation | 0.7706 | $0.94 |
| Fortis | 0.7107 | $1.52 |
| Canadian National Railway | 0.1354 | $0.33 |
| Total | $13.11 |
Month to Month Dividends
Finished the year strong by beating the previous year’s total in November and December.
Dividends Received Per Year
I really wanted to receive $7,000 in income this year and so I am happy with this total. I hope to hit at a minimum $8,000 in 2022.
2021 Dividend Goal
Well I landed in the green for the year lol. I’ll definitely take this total and look to increase it significantly in 2022.
Stocks Sold
As mentioned above I sold some of the stocks I held in my TFSA account to focus more of my resources on a core set of stocks. Here is what I sold:
- Bank of Nova Scotia
- The Keg Royalties Income Fund
- Metro
- iShares S&P/TSX Capped Reit Index ETF
Since I already own a significant amount of Canadian financial stocks I decided to keep Equitable Group and Go Easy Ltd over Bank of Nova Scotia as I believe they are poised for both dividend growth and share price growth in the coming years. With The Keg the share price has done anything for a few years the pandemic did have an impact mind you. Although being a nice dividend payer in today’s world their dividend isn’t guaranteed.
I chose to sell Metro as it wasn’t a core holding and I sold my real estate ETF because I didn’t want to hold real estate anymore.
Stock Purchases
- 193 shares of Manulife
- 43 shares of Enbridge
- 40 shares of Bank of Montreal
- 40 shares of Royal Bank of Canada
- 32 shares of Equitable Group
- 26.7706 shares of Brookfield Renewable Partners Corporation
- 20.7107 shares of Fortis
- 20.1354 shares of Canadian National Railway
- 18 shares of TC Energy
- 11 shares of XAW ETF
- 10 shares of BCE
- 3 shares of Aecon
- 2 shares of Emera
Dividend Increases
- Bank of Montreal dividend increases 25% to $1.33 per share up from $1.16
- Royal Bank of Canada dividend increases 11% to $1.20 per share up from $1.08
- Enbridge dividend increases 3% to $0.86 per share up from $0.835
- Pfizer dividend increases 2.56% to $0.40 per share up from $0.39
Thanks for reading everyone!
Matthew
All About The Dividends 
Congratulations!
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great stuff Matt. looks like some good moves, congrats on hitting the goal.
keep it up man
cheers!
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[…] Congrats to Matthew and his updated income stream. […]
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Congrats on finishing the year strong! Can’t wait to see how you do in 2022! It’s time to grow!!
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