October 2022 Dividend Income

Hello and welcome to my October dividend income post.

I had 8 stocks pay me this month a combined $621.73, here is the income per account:

  • RRSP $315.01
  • TFSA $306.72

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
Altria Group$126.00$140.45
Algonquin Power & Utilities$85.30$136.03
Merck & Co$35.75$38.53
Total$247.05$315.01

A quiet month for this account as just three stocks paid me.

Tax Free Savings Account (TFSA)

20212022
BCE$74.38$91.96
Telus$72.41$82.34
TC Energy$41.76$70.71
Go Easy$20.46$32.48
Aecon$22.75$29.23
Bank of Nova Scotia$110.70
The Keg Royalties Income Fund$29.04
iShares S&P/TSX Capped REIT Index ETF$25.50
Total$397.00$306.72

A slight decrease due to the three holdings I sold last year. Going forward I would like to try and receive at least $100 or more per payment from BCE, Telus and TC Energy so that is a little goal of mine.

Dividend Reinvestment Plan (DRIP)

# Of SharesForward Income
Algonquin Power & Utilities9$6.51
Altria Group3.1502$11.84
Telus2.8870$3.91
Aecon2$1.40
BCE1.5467$5.70
TC Energy1.1699$4.21
Merck & Co0.4258$1.17
Go Easy0.2979$0.79
Total20.4775$35.53

I’ve been keeping track this year of how many shares I’ve been able to drip and today I thought I would share that with you.

TFSA/LIRA

StockSharesForward Income
Aecon6$4.20
Alimentation Couche-Tard0.6156$0.27
BCE5.3284$19.42
Brookfield Renewable Partners Corporation3.7199$4.76
Bank of Montreal3.1402$17.20
Chorus Aviation
Canadian National Railway0.5051$1.47
Emera1.0418$2.76
Enbridge11.8162$40.64
Equitable Bank1.0989$1.30
Fortis2.5808$5.52
Go Easy0.9024$2.38
Manulife11.0493$14.59
Power Corp of Canada6.2437$11.17
Royal Bank of Canada2.5924$12.75
Telus10.0685$13.44
TC Energy4.1169$14.71
Total70.8201$166.58

RRSP

StockSharesForward Income
Algonquin Power & Utilities27$19.07
iShares Core MSCI All Country World ETF4$2.62
AbbVie2.2423$12.64
Apple0.1637$0.15
Altria Group10.5663$38.54
Bank of America2.006$1.69
General Dynamics0.4349$2.19
Home Depot0.4787$3.63
Johnson & Johnson0.7841$3.48
Lockheed Martin0.5967$6.68
Merck Co. Inc1.2641$3.34
Microsoft0.1896$0.47
3M Company0.7431$4.43
Organon & Co.
Pfizer1.2782$1.99
Pinnacle West Capital1.325$4.50
Texas Instruments0.5086$2.33
Verizon4.3519$11.23
Walgreens Boots Alliance1.6482$3.15
Visa0.0855$0.13
Union Pacific0.06430.33
Total59.7312$122.59

So far I’ve been able to drip 130.5513 new shares and that will boost my forward income by $289.17

Month to Month Dividends

Dividends Received Per Year

On a positive note in November I will surpass my dividend total from 2021.

2022 Dividend Goal

Dividend Increases

Received three raises this month here they are.

  • Pinnacle West Capital raised their dividend by 1.8% to $0.865 per share up from $0.85
  • Visa raised their dividend to $0.45 per share up from $0.3750
  • AbbVie raised their dividend 5% to $1.48 per share up from $1.41

Hope all of you had a great month!

Thanks for reading!

Matthew

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