December 2021 Dividends

Hello again everyone, welcome to my December 2021 dividend and year end summary.

I hope everyone was able to enjoy and celebrate the Christmas season, and get some deserved rest and relaxation over the holidays!

December brought 3 about more dividend increases to my portfolio. Royal Bank, Bank of Montreal and Enbridge announced these increases and added $181.58 to my annual income for 2022

I made a few small purchases in the month, I started a position of 40 shares in Intertape Polymer ($ITP), not in time to collect the January dividend, but still added $25.50 in annual income.  I also added 4 shares in Bank of Montreal ($BMO), 19 Manulife Financial ($MFC) shares and 8 Enbridge ($ENB) shares.  These 3 purchases added $74.87 towards my 2022 annual dividend income. 

Across my three accounts (TFSA,RRSP & RESP) I earned $627.01 in dividend income, and added 17 shares via DRIP.


In total, I collected $5032.10 from dividends.  This is my biggest year to date! At the end of 2020 I moved my GRSP at work to my RRSP investing account, and began making purchases with the goal of generating an annual dividend income stream.  This process took about 18 months of reading many blogs and researching to help make my decision.  Twitter helped guide me to so many valuable resources, too many to name, but I'd like to thank Graham @ReverseTheCrush for being the first to reach out when I was just getting started with words of encouragement, and I haven't looked back since.  It took me a few months to finally take the plunge and start this blog in September of this year.

Here's a look at my overall progression since I started recording dividend income:


2021 was a year of great progress and more learning for me.  I was able to grow my TFSA by $56047.53 or 239.3% Of that increase, 52.5% was capital invested.  My RRSP account saw an increase of $28683.86 in value for a 33.8% gain.  Only 13.1% was capital invested.  My pension at work realized a 31.6% gain through company contributions and my from salary contributions combined with further 2% match, slow and steady here.  Lastly, I was able to increase my net worth by 42.9% overall, and thats only since March 31st when I started calculating this number.

I look forward to what a full year of dividends will bring me, and continuing to read as many blogs as possible of others doing the same!  Assuming I can continue investing at least 13.9% of my gross semi-monthly salary for another full year, I have set a goal of $7700 in dividend income for 2022, or an increase of 53%

I wish everyone a prosperous 2022, thanks for your time!



This blog is a method of recording my personal investment journey and should not be taken as advice.  As always, perform your own due diligence.



Comments

Post a Comment

Popular posts from this blog

January 2022 Dividends

Image
Greetings everyone, welcome to my first passive income report of 2022. January was a pretty quiet month for account activity, I managed to add 33 shares of Manulife Financial, and 200 shares of ARC Resources in my only two transactions of the month, both inside my TFSA.  The $MFC purchase added $43.56 to my annual income, while $ARK added $60.  The $ARK purchase came after selling my remaining 2000 shares in Athabasca Oil Corp.  I believe there were still more gains to be made with $ATH, but I wanted to move those funds into a dividend paying company.  I exited $ATH up 149%, so no complaints at all! One dividend increase was announced for my portfolio - Tourmaline Oil Corp announced an 11% increase to their quarterly dividend adding $22.32 to my annual income, and they also announced another special dividend payable Feb 1st of $1.25 per share.  This follows a special dividend of $0.75 paid last October.  Can't wait for that special dividend to land in my TFSA and add more shares to
Read more

November 2022 Passive Income

Image
Greetings everyone, welcome to my November 2022 passive income update. November was a busy month both in terms of passive income and life.  On the 30th, my family and I said goodbye to my aunt in Winnipeg.  She lived and enjoyed every day of her 87 years on this earth, she will be dearly missed. Dividend Increases/Announcements At the beginning of the month, Cenovus ($CVE) declared a variable dividend of 11.4 cents to be paid out in December, and Tourmaline Oil Corp. ($TOU) declared a special dividend of $2.25 per share payable this month. Eight companies that I hold also announced increases to their annual dividend of varying percentages - Tourmaline, CNRL, Arc Resources, Telus, Suncor, Alimentation Couche-Tard, RBC and Enbridge kept the business news wires busy, these increases will add a total of $381.48 in annual passive income! Buys & Sells This month I exited my position in Algonquin Power at a loss, and my position in Power Corporation up a modest 1% With these funds I purch
Read more

February 2022 Dividends

Image
Greetings everyone, welcome to my February 2022 passive income update. February started off with my second dividend increase of the year.  $BCE announced a 5% increase to their quarterly dividend to $0.92 per share on Feb 3rd, adding $11.88 to my forward annual income.  In the middle of the month, TC Pipelines ($TRP) announced a 3.4% increase and Nutrien ($NTR) a 4.3% increase, adding another $16.12 in passive income in my accounts.  The following week, Whitecap Resources ($WCP) announced a 33% increase to their dividend starting with the April payment, adding $93.96 to my annual income.  In total, I received $121.96 in dividend increases! On top of my regular contributions to my TFSA, I also added $33.45 from the Ampli app.  This app tracks your spending and rewards you with a percentage, depending on the vendor.  I received an email from them that my accounts became disconnected from their service, not sure I'm inclined to continue with their service, too many adds for vendors no
Read more