November 2022 Dividend Income

Hello and welcome to my November dividend income post. Can’t believe it’s now December and the last month in 2022. I received dividends from 9 stocks and they paid me $644.71 an increase of 28% compared to last November. Here is the income per account:

  • TFSA $354.48
  • RRSP $290.23

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.

Tax Free Savings Account (TFSA)

20212022
Bank of Montreal$67.30$148.89
Royal Bank of Canada$54.81$120.73
Power Corp$53.70$62.08
Emera$11.93$22.78
The Keg Royalties Income Fund$29.04
Metro$4.02
iShares S&P/TSX Capped REIT Index ETF$25.50
Total$246.30$354.48

I love my Canadian banks lol, I love receiving their big payments.

Registered Retirement Savings Plan (RRSP)

20212022
AbbVie$101.40$113.14
Verizon$51.20$63.72
General Dynamics$47.60$50.95
Texas Instruments$44.85$48.99
Apple$11.44$13.43
Total$256.49$290.23

I only made one new investment and that was in Verizon when I sold my AT&T shares. The rest of the increases are through dividend raises and through dripping new shares throughout the year.

Dividend Reinvestment Plan (DRIP)

# Of SharesForward Income
Power Corp1.8318$3.28
Verizon1.7043$4.45
Bank of Montreal1.142$6.35
Royal Bank of Canada0.893$4.57
AbbVie0.727$4.30
Emera0.4446$1.23
Texas Instruments0.2795$1.39
General Dynamics0.2062$1.04
Apple0.091$0.08
Total7.3194$26.69

Month to Month Dividends

Dividends Received Per Year

I have now surpassed 2021’s dividend total and should easily pass 2022’s total as well.

2022 Dividend Goal

With just one month left in the year I am $900.86 away from reaching my goal. I received $904 in September so I’m thinking I should be able to exceed my goal a little bit.

Dividend Increases

The portfolio received five raises this month.

  • Telus increased their dividend 3.7% to $0.3511 per share up from $0.3386.
  • Equitable Bank raised their dividend 7% to $0.33 per share up from $0.31.
  • Alimentation Couche-Tard raised their dividend 27.3% to $0.14 per share up from $0.11
  • Enbridge raised their dividend 3.2% to $0.8875 per share up from $0.86
  • Royal Bank of Canada raised their dividend 3% to $1.32 per share up from $1.28

Here is the list of dividend increases I have received so far this year.

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
Walgreens Boots Alliance$0.4775$0.48$0.51
Equitable Bank$0.29$0.31$1.41
Altria Group$0.90$0.94$23.90
Verizon$0.64$0.6525$4.88
Texas Instruments$1.15$1.24$14.24
Emera$0.6625$0.69$3.64
Lockheed Martin$2.80$3.00$24.48
Microsoft$0.62$0.68$7.00
Fortis0.5050.535$11.72
Pinnacle West Capital$0.85$0.865$3.60
Visa$0.375$0.45$5.04
AbbVie$1.41$1.48$22.48
Telus$0.3386$0.351112.28
Equitable Bank$0.31$0.33$5.72
Alimentation Couche-Tard$0.11$0.14$12.48
Enbridge$0.86$0.8875$31.88
Royal Bank of Canada$1.28$1.3215.24
Bank of Montreal$1.39$1.43$17.32
Total$494.97

Stock Purchases

I made a couple of transaction this month the first was I sold 459 shares of Chorus Aviation, this stock was my smallest holding I decided to sell the majority of my shares and put the cash into a better stock.

  • Equitable Bank 23 shares
  • Fortis 0.7840
  • XAW ETF 6.184 shares

So the money from the sale I put into Equitable Bank, I believe this stock has a better future. I had a tiny bit of money left over so I threw the cash into a fractional share purchase of Fortis.

Thanks for reading!

Matthew

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