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)
| 2021 | 2022 | |
| 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)
| 2021 | 2022 | |
| 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 Shares | Forward Income | |
| Algonquin Power & Utilities | 9 | $6.51 |
| Altria Group | 3.1502 | $11.84 |
| Telus | 2.8870 | $3.91 |
| Aecon | 2 | $1.40 |
| BCE | 1.5467 | $5.70 |
| TC Energy | 1.1699 | $4.21 |
| Merck & Co | 0.4258 | $1.17 |
| Go Easy | 0.2979 | $0.79 |
| Total | 20.4775 | $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
| Stock | Shares | Forward Income |
| Aecon | 6 | $4.20 |
| Alimentation Couche-Tard | 0.6156 | $0.27 |
| BCE | 5.3284 | $19.42 |
| Brookfield Renewable Partners Corporation | 3.7199 | $4.76 |
| Bank of Montreal | 3.1402 | $17.20 |
| Chorus Aviation | ||
| Canadian National Railway | 0.5051 | $1.47 |
| Emera | 1.0418 | $2.76 |
| Enbridge | 11.8162 | $40.64 |
| Equitable Bank | 1.0989 | $1.30 |
| Fortis | 2.5808 | $5.52 |
| Go Easy | 0.9024 | $2.38 |
| Manulife | 11.0493 | $14.59 |
| Power Corp of Canada | 6.2437 | $11.17 |
| Royal Bank of Canada | 2.5924 | $12.75 |
| Telus | 10.0685 | $13.44 |
| TC Energy | 4.1169 | $14.71 |
| Total | 70.8201 | $166.58 |
RRSP
| Stock | Shares | Forward Income |
| Algonquin Power & Utilities | 27 | $19.07 |
| iShares Core MSCI All Country World ETF | 4 | $2.62 |
| AbbVie | 2.2423 | $12.64 |
| Apple | 0.1637 | $0.15 |
| Altria Group | 10.5663 | $38.54 |
| Bank of America | 2.006 | $1.69 |
| General Dynamics | 0.4349 | $2.19 |
| Home Depot | 0.4787 | $3.63 |
| Johnson & Johnson | 0.7841 | $3.48 |
| Lockheed Martin | 0.5967 | $6.68 |
| Merck Co. Inc | 1.2641 | $3.34 |
| Microsoft | 0.1896 | $0.47 |
| 3M Company | 0.7431 | $4.43 |
| Organon & Co. | ||
| Pfizer | 1.2782 | $1.99 |
| Pinnacle West Capital | 1.325 | $4.50 |
| Texas Instruments | 0.5086 | $2.33 |
| Verizon | 4.3519 | $11.23 |
| Walgreens Boots Alliance | 1.6482 | $3.15 |
| Visa | 0.0855 | $0.13 |
| Union Pacific | 0.0643 | 0.33 |
| Total | 59.7312 | $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
All About The Dividends 