December 2021 Dividend Income

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)20202021
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
Walgreen’s Boots Alliance$21.04$21.49
Bank of America$12.96$21.00
Organon & Co$10.92

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)20202021
Brookfield Renewable Partners Corporation$14.76$35.21
The Keg Royalties Income Fund$15.35$29.04
Canadian National Railway$14.95$21.09
Alimentation Couche-Tard$8.82
Equitable Group$5.92
Inter Pipeline$12.36

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)20202021

Dividend increases and dripped shares are the reason for the boost in income.

Dividend Reinvestment Plan (DRIP)

# of SharesForward Dividend
Brookfield Renewable Partners Corporation0.7706$0.94
Canadian National Railway0.1354$0.33

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!



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