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
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)20202021
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)20202021
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 SharesForward Dividend
Enbridge3$10.32
Brookfield Renewable Partners Corporation0.7706$0.94
Fortis0.7107$1.52
Canadian National Railway0.1354$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

3 thoughts on “December 2021 Dividend Income

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