Hello and welcome to my March dividend income post. Hope you all had a great month! March was my best month to date and going forward the March, June, September and December months will be my best and I will show you why below.
I received dividend payments from 17 stocks and all three of my investment accounts contributed. I received a total of $839.94 this month and that represents 45.7% growth compared to last March, when I received $576.34. The income per account is as follows:
- TFSA $380.59
- RRSP $347.55
- LIRA $111.80
If you’re new to my site all of my Canadian stocks are in my TFSA and my RRSP is made up of US stocks. That being said all of the dividend income in my RRSP is in US dollars. For simplicity for the site I just mark is Canadian.
Tax Free Savings Account (TFSA)
|Brookfield Renewable Partners Corporation||$26.97||$59.08|
|Canadian National Railway||$18.45||$39.87|
|The Keg Royalties Income Fund||$10.75|
|iShares S&P/TSX Capped REIT Index ETF||$33.73|
New investments led the way for my TFSA growth this month. Every holding received new investments. The six stocks that paid me this month are now all eligible on WealthSimple Trade to purchase fractional shares. All of the money received from these were reinvested right back into them, I will detail below what this will mean for the portfolio.
Registered Retirement Savings Plan (RRSP)
|Pinnacle West Capital||$41.50||$42.50|
|Johnson & Johnson||$40.40||$42.40|
|Walgreens Boots Alliance||$21.04||$21.49|
|Bank of America||$18.00||$21.00|
|Organon & Co||$10.92|
I eked out income growth this month through a couple new investments and dividend raises throughout 2021. I received a new dividend from Organon & Co which only started paying a dividend last August.
Locked In Retirement Account (LIRA)
If you’re new to my site I only hold one stock in my LIRA account and it pays a dividend 4 times per year. I rely on the dividend reinvestment plan (DRIP) to add at least four shares depending on share price per year and dividend increases to grow my income.
Dividend Reinvestment Plan (DRIP)
|# of Shares||Forward Dividend|
|Brookfield Renewable Partners Corporation||1.0869||$1.39|
|Bank of America||0.4845||$0.41|
|Walgreens Boots Alliance||0.4533||$0.86|
|Canadian National Railway||0.2473||$0.72|
|Johnson and Johnson||0.2467||$1.05|
Had a great month in regards to dripping new shares. This is the first month I was able to start dripping my US stocks as my RRSP is now completely moved over to WealthSimple.
Month to Month Dividends
Dividends Received Per Year
Here is a list of all the dividends I’ve received since I started investing in stocks. So far I have received $42,207.06.
2022 Dividend Goal
Other than reinvesting my dividends back into the same stocks that paid them, I really didn’t make many stock purchases, I did make two though and here they are:
- 12 shares of XAW ETF
- .7711 of a share of Emera
Received two raises this month.
- Aecon dividend increase of 5.7%, the dividend will rise to $0.185 per share up from $0.175
- General Dynamics dividend increase of 5.9%, the dividend will rise to $1.26 per share up from $1.19
Here is a list of all the raises I’ve received so far in 2022.
|Stock||Old Dividend||New Dividend||Forward Income|
|Canadian National Railway||$0.5750||$0.7325||$34.28|
|Brookfield Renewable Partners Corporation||$0.30375||$0.32||$9.44|
Thanks for reading!