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)	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