April 2022 Dividend Income

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Welcome to my April dividend post. The markets might be in turmoil and I might be down by a few thousand bucks from a portfolio standpoint but the dividends continue to roll in. Speaking of the markets I’m not to concerned with what’s going on, I am currently invested in quality stocks and I’m looking to be able to buy at these lower prices.

I received dividend payments from 10 stocks from two of my investment accounts. I received a total of $646.42 this month. The income per account is as follows:

  • TFSA $368.58
  • RRSP $277.84

If you’re new to my site my TFSA has all Canadian stocks and my RRSP is made up of one Canadian stock and the rest US stocks. That being said the majority 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)

20212022
BCE$71.75$89.52
Telus$69.71$77.92
TC Energy$41.76$68.87
Power Corp$49.67$60.39
Go Easy Ltd.$20.46$31.85
Aecon$22.75$28.68
Alimentation Couche-Tard$5.78$11.35
Bank of Nova Scotia$109.80
The Keg Royalties Income Fund$10.75
iShares S&P/TSX Capped REIT Index ETF$29.71
Total$432.14$368.58

It was a good month for my TFSA every stock I hold sent me more money which is always great to receive, this was done either through increased dividend payments or through buying more shares within the last 12 months.

Registered Retirement Savings Plan (RRSP)

20212022
Altria Group$120.40$129.60
Algonquin Power & Utilities$77.55$110.29
Merck & Co.$35.75$37.95
Total$233.70$277.84

Not much activity in this account as just three stocks made me in April. Although there is one big difference Algonquin Power & Utilities is now getting converted into Canadian dollars.

Dividend Reinvestment Plan (DRIP)

# Of SharesForward Income
Algonquin Power & Utilities5$3.41
Telus2.3427$3.07
Altria Group2.3188$8.35
Power Corp1.6396$2.93
BCE1.2254$4.51
TC Energy1$3.60
Aecon1$0.70
Merck & Co0.4327$1.12
Go Easy Ltd.0.2548$0.67
Alimentation Couche-Tard0.1967$0.09
Total15.4107$28.45

Another good month for dripping I was able to add just slightly over 15 new shares this month.

Through the first four months of 2022 I’ve been able to drip 46 new shares to my portfolio while adding $97.20 to my forward income.

Month to Month Dividends

Just came up short this month in surpassing last year’s total, I’m confident I can do it next year.

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 $42,853.48

2022 Dividend Goal

Slowly approaching my goal for this year.

Stock Purchases

  • 12 shares of XAW ETF
  • 9 shares of Pinnacle West Capital
  • 3 shares of Apple
  • 3 shares of 3M Company
  • 0.2582 share of Home Depot
  • 0.0919 share of Go Easy

Dividend Increases

Received another two increases in April here they are.

  • Johnson & Johnson dividend increase of 6.6%, the dividend will rise to $1.13 per share up from $1.06 per share.
  • Apple dividend increase of 4.5%, the dividend will rise to $0.23 per share up from $0.22 per share.

Here is a list of all the dividend increases received so far in 2022.

StockOld DividendNew DividendForward Income
Canadian National Railway$0.5750$0.7325$34.28
BCE$0.875$0.92$17.52
Brookfield Renewable Partners Corporation$0.30375$0.32$9.44
Equitable Bank$0.185$0.28$26.60
3M Company$1.48$1.49$0.80
TC Energy$0.87$0.90$9.16
Go Easy$0.66$0.91$35.00
Home Depot$1.65$1.90$23.00
Aecon$0.175$0.185$6.20
General Dynamics$1.19$1.26$11.20
Johnson & Johnson$1.06$1.13$11.28
Apple$0.22$0.23$2.20
Total$186.68

Thanks for reading!

Matthew

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