December 2022 Dividend Income

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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)

20212022
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)

20212022
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)

20212022
Enbridge$106.88$117.82
Total$106.88$117.82

Dividend Reinvestment Plan (DRIP)

# Of SharesForward Income
Enbridge4.409$15.65
Manulife3.698$4.88
Brookfield Renewable Partners Corporation1.653$2.11
Fortis1.037$2.22
Bank of America0.737$0.62
Pinnacle West Capital0.676$2.34
Pfizer0.607$0.95
Walgreens Boots Alliance0.591$1.13
Equitable Bank0.549$0.72
3M Company0.273$1.63
Johnson & Johnson0.261$1.18
Canadian National Railway0.251$0.73
Alimentation Couche-Tard0.238$0.13
Lockheed Martin0.191$2.29
Home Depot0.145$1.10
Microsoft0.081$0.22
Visa0.035$0.06
Union Pacific0.032$0.17
Total15.464$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
StockSharesForward Income
Aecon6$4.20
Alimentation Couche-Tard0.8536$0.40
BCE5.3284$19.42
Brookfield Renewable Partners Corporation5.3729$6.87
Bank of Montreal4.2822$23.55
Chorus Aviation
Canadian National Railway0.7561$2.20
Emera1.4864$3.99
Enbridge16.2252$56.29
Equitable Bank1.6479$2.02
Fortis3.6178$7.74
Go Easy0.9024$2.38
Manulife14.7473$19.47
Power Corp of Canada6.2437$11.17
Royal Bank of Canada3.4854$17.32
Telus10.0685$13.44
TC Energy4.1169$14.71
Total85.1347$205.17
RRSP
StockSharesForward Income
Algonquin Power & Utilities27$19.07
iShares Core MSCI All Country World ETF4$2.62
AbbVie2.9693$16.94
Apple0.2547$0.23
Altria Group10.5663$38.54
Bank of America2.743$2.31
General Dynamics0.6411$3.23
Home Depot0.6237$4.73
Johnson & Johnson1.0451$4.66
Lockheed Martin0.7877$8.97
Merck Co. Inc1.2641$3.34
Microsoft0.2706$0.69
3M Company1.0161$6.06
Organon & Co.
Pfizer1.8852$2.94
Pinnacle West Capital2.001$6.84
Texas Instruments0.7881$3.72
Verizon4.3519$11.23
Walgreens Boots Alliance2.2392$4.28
Visa0.1205$0.19
Union Pacific0.0963$0.50
Total64.6639$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.

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

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

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