June 2022 Dividend Income

Hey friends, welcome to my June dividend income post. How was your June? June was great for me! First the job cuts that I mentioned in the last post so far I haven’t been affected so that is good news. Also I celebrated my 39th birthday, fun fact I have two cousins that share a birthday with me. I was able to attend my first concert since the pandemic I went and saw Josh Groban at the Budweiser Stage in Toronto at the end of the month.

On the investing side of things my portfolio continued to decline due to the market sell off. I gotta say I’m not weird and frankly rarely look at the value of my accounts. I do have some good news to share in regards to my dividend income, thanks to the semi-annual distribution payment from iShares Core MSCI All Country ex Canada ETC (Ticker: XAW) I received the highest amount of income for a single month ever. Compared to last June my income grew a whopping 48%. I received $954.58 this month from 18 stocks and one ETF. Here is the income per account:

  • RRSP $455.82
  • TFSA $385.24
  • LIRA $113.52

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 all the income as Canadian.

Registered Retirement Savings Plan (RRSP)

20212022
Lockheed Martin$78.00$84.53
iShares Core MSCI All Country ex Canada (XAW)$34.13$80.61
Pinnacle West Capital$41.50$50.15
Home Depot$37.95$46.36
Johnson & Johnson$42.40$45.48
3M Company$29.60$34.57
Pfizer$29.25$30.00
Bank of America$18.00$23.20
Walgreens Boots Alliance$21.04$21.70
Microsoft$14.56$16.16
Organon & Co$10.92
Union Pacific$6.50
Visa$4.80$5.64
Total$351.23$455.82

Thanks to buying the XAW ETF bi-weekly throughout the year my income grew quite a bit this month compared to last year. Also now I am able to be fractional shares of all of these stocks except Organon so that will help grow the income further.

Tax Free Savings Plan (TFSA)

20212022
Enbridge$64.30$127.48
Manulife$86.55
Brookfield Renewable Partners Corporation$29.37$59.29
Fortis$37.37$51.48
Canadian National Railway$20.91$40.06
Equitable Bank$1.85$20.38
The Keg Royalties Income Fund$10.75
Metro$1.75
iShares S&P/TSX Capped REIT Index ETF$24.16
Total$190.46$385.24

Great job to the income for this account, this was the result of realigning this account back in December/January.

Locked In Retirement Account (LIRA)

20212022
Enbridge$103.54$113.52
Total$103.54$113.52

Dividend Reinvestment Plan (DRIP)

# Of SharesForward Income
Manulife3.9215$5.18
Enbridge3.1964$10.99
iShares Core MSCI All Country ex Canada (XAW)2$1.36
Brookfield Renewable Partners Corporation1.2766$1.63
Fortis0.8242$1.76
Bank of America0.7221$0.61
Pinnacle West Capital0.6593$2.24
Pfizer0.6156$0.96
Walgreens Boots Alliance0.5351$1.02
Equitable Bank0.3776$0.44
Canadian National Railway0.2741$0.80
3M Company0.2561$1.53
Johnson & Johnson0.256$1.16
Lockheed Martin0.2017$2.26
Home Depot0.1691$1.28
Microsoft0.0632$0.16
Visa0.0262$0.04
Union Pacific0.0312$0.16
Total15.406$33.58

Lots of drip’s this month 🙂

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 $44,359.83

2022 Dividend Goal

Since we just completed half of 2022 it is looking like I will be darn close to my to finish the year at $8,500

Stock Purchases

  • 20 shares of XAW ETF
  • 2 shares of Enbridge
  • 0.0583 of a share of Visa

Dividend Increases

I did not receive any raises this month but here is what I’ve 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
Telus$0.3274$0.3386$10.76
Equitable Bank$0.28$0.29$2.80
Algonquin Power & Utilities$0.1706$0.1808$21.83
Bank of Montreal$1.33$1.39$25.20
Royal Bank of Canada$1.20$1.28$29.88
Total$277.15

Thanks for reading everyone!

Matthew

4 thoughts on “June 2022 Dividend Income

  1. woot woot. great stuff Matt.

    gotta love that growth rate. Nice to see Groban – I like his song you raise me up.

    keep it up man, next year you will surpass 1k
    cheers

    Like

  2. Congrats on a great month! Nearly breaking $1k is big and I’m sure you’ll be there by September. Even better it looks like you’ll easily pass 2020 and 2021’s yearly totals as well.

    Liked by 1 person

    1. Thanks JC I think I should receive around $8,300 this year so I definitely sure surpass those yearly totals. This year I was able to start dripping about 98% of my portfolio so I’m looking forward to see how that propels my portfolio as well.

      Like

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