Hello and welcome to the final dividend income post of 2022. The year was a success for me in terms of dividend income received. December was a huge month I received my second highest income total, and that allowed me to hit my goal. I received payments from 19 stocks and they paid me a grand total of $942.03 an increase of 38% compared to last December. Here is the income per account:
- TFSA $426.87
- RRSP $397.34
- LIRA $117.82
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)
| 2021 | 2022 | |
| Enbridge | $72.65 | $131.42 |
| Manulife | $21.12 | $89.12 |
| Brookfield Renewable Partners Corporation | $35.21 | $64.46 |
| Fortis | $39.93 | $55.78 |
| Canadian National Railway | $21.09 | $40.45 |
| Equitable Bank | $5.92 | $31.11 |
| Alimentation Couche-Tard | $8.82 | $14.53 |
| The Keg Royalties Income Fund | $29.04 | |
| Total | $233.78 | $426.87 |
Huge increase in this account is due to the investments made back in Dec 2021 and Jan of 2022.
Registered Retirement Savings Plan (RRSP)
| 2021 | 2022 | |
| Lockheed Martin | $84.00 | $91.79 |
| Pinnacle West Capital | $42.50 | $52.18 |
| Home Depot | $37.95 | $47.00 |
| Johnson & Johnson | $42.40 | $46.09 |
| 3M Company | $29.60 | $35.38 |
| Pfizer | $29.25 | $30.51 |
| Walgreens Boots Alliance | $21.49 | $24.79 |
| Bank of America | $21.00 | $24.64 |
| Microsoft | $16.12 | $19.85 |
| Organon | $10.92 | $10.92 |
| Visa | $5.63 | $7.54 |
| Union Pacific | $6.65 | |
| Total | $340.86 | $397.34 |
Made two investments for my RRSP in 2022 I added shares of Pinnacle West Capital and added a new stock to the account with Union Pacific. The increase in income is due to dividend increases and dripping new shares.
Locked In Retirement Account (LIRA)
| 2021 | 2022 | |
| Enbridge | $106.88 | $117.82 |
| Total | $106.88 | $117.82 |
Dividend Reinvestment Plan (DRIP)
| # Of Shares | Forward Income | |
| Enbridge | 4.409 | $15.65 |
| Manulife | 3.698 | $4.88 |
| Brookfield Renewable Partners Corporation | 1.653 | $2.11 |
| Fortis | 1.037 | $2.22 |
| Bank of America | 0.737 | $0.62 |
| Pinnacle West Capital | 0.676 | $2.34 |
| Pfizer | 0.607 | $0.95 |
| Walgreens Boots Alliance | 0.591 | $1.13 |
| Equitable Bank | 0.549 | $0.72 |
| 3M Company | 0.273 | $1.63 |
| Johnson & Johnson | 0.261 | $1.18 |
| Canadian National Railway | 0.251 | $0.73 |
| Alimentation Couche-Tard | 0.238 | $0.13 |
| Lockheed Martin | 0.191 | $2.29 |
| Home Depot | 0.145 | $1.10 |
| Microsoft | 0.081 | $0.22 |
| Visa | 0.035 | $0.06 |
| Union Pacific | 0.032 | $0.17 |
| Total | 15.464 | $38.13 |
Lots of new shares and income added to the portfolio this month.
Here is a list of what was dripped in 2022.
| TFSA & LIRA | ||
| Stock | Shares | Forward Income |
| Aecon | 6 | $4.20 |
| Alimentation Couche-Tard | 0.8536 | $0.40 |
| BCE | 5.3284 | $19.42 |
| Brookfield Renewable Partners Corporation | 5.3729 | $6.87 |
| Bank of Montreal | 4.2822 | $23.55 |
| Chorus Aviation | ||
| Canadian National Railway | 0.7561 | $2.20 |
| Emera | 1.4864 | $3.99 |
| Enbridge | 16.2252 | $56.29 |
| Equitable Bank | 1.6479 | $2.02 |
| Fortis | 3.6178 | $7.74 |
| Go Easy | 0.9024 | $2.38 |
| Manulife | 14.7473 | $19.47 |
| Power Corp of Canada | 6.2437 | $11.17 |
| Royal Bank of Canada | 3.4854 | $17.32 |
| Telus | 10.0685 | $13.44 |
| TC Energy | 4.1169 | $14.71 |
| Total | 85.1347 | $205.17 |
| RRSP | ||
| Stock | Shares | Forward Income |
| Algonquin Power & Utilities | 27 | $19.07 |
| iShares Core MSCI All Country World ETF | 4 | $2.62 |
| AbbVie | 2.9693 | $16.94 |
| Apple | 0.2547 | $0.23 |
| Altria Group | 10.5663 | $38.54 |
| Bank of America | 2.743 | $2.31 |
| General Dynamics | 0.6411 | $3.23 |
| Home Depot | 0.6237 | $4.73 |
| Johnson & Johnson | 1.0451 | $4.66 |
| Lockheed Martin | 0.7877 | $8.97 |
| Merck Co. Inc | 1.2641 | $3.34 |
| Microsoft | 0.2706 | $0.69 |
| 3M Company | 1.0161 | $6.06 |
| Organon & Co. | ||
| Pfizer | 1.8852 | $2.94 |
| Pinnacle West Capital | 2.001 | $6.84 |
| Texas Instruments | 0.7881 | $3.72 |
| Verizon | 4.3519 | $11.23 |
| Walgreens Boots Alliance | 2.2392 | $4.28 |
| Visa | 0.1205 | $0.19 |
| Union Pacific | 0.0963 | $0.50 |
| Total | 64.6639 | $141.09 |
In 2022 I added through the drip 149.7986 new shares and $346.26 in forward income.
Month to Month Dividends
Dividends Received Per Year
Income grew 18.9% this year which was great to see, hopefully it will continue to significantly in 2023. My projected annual dividend income or PADI at the end of 2022 was $8,728.35.
2022 Dividend Goal
Success folks lol, I just achieved my goal by $41. My goal for 2023 will be $10,500.
Dividend Increases
I didn’t receive any increases this month but I thought I would share with you all of the raises I received throughout the year.
| Stock | Old Dividend | New Dividend | Forward 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 |
| Fortis | 0.505 | 0.535 | $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 | $0.3511 | 12.28 |
| 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 | $1.32 | 15.24 |
| Bank of Montreal | $1.39 | $1.43 | $17.32 |
| Total | $494.97 |
Received 35 raises in 2022 and that added $494.97 in forward income.
Stock Purchases
Made one small purchase this month, I took the dividend I received from Organon and put that into Union Pacific. I was able to purchases 0.052 of a share.
I hope everyone finished 2022 on a high, I also hope 2023 is great for you.
Thanks for reading!
Matthew
All About The Dividends 
Congratulations Matt! This is great news and an wonderful journey…
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Thank you!
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Amazing, Congrats!
How do you buy fractional shares of US stocks? Which broker do you use?
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Thanks! I use WealthSimple Trade app
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Congrats on the consistent dividend income growth.
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Thank you!
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Well done! A gre
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Congratulations on exceeding your goal of $8500. The $41 isn’t as important when it comes to the bigger picture of course. Wishing you all the best in 2023.
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[…] Matthew @ All About Dividends earned $942.03 in dividends which is a nice 38% increase of Dec 2021 income. This payment came from 19 stocks which Matthew lists in details on his blog. […]
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[…] Matthew @ All About Dividends earned $942.03 in dividends which is a nice 38% increase of Dec 2021 income. This payment came from 19 stocks which Matthew lists in details on his blog. […]
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