Dividend Income August 2022 — Chronicling monthly dividend income to document the journey to financial independence. I am not a licensed investment advisor and this post is not investment advice. All opinions are my own. This article may contain affiliate links.
Another month has passed, so it’s time to report how much dividend income was earned in August 2022.
As you will see in the report below, it was another month of outstanding year-over-year dividend growth. Plus, a few more milestones were achieved.
For instance, I surpassed last year’s total dividend income this month. Also worth noting, I received triple digit dividend income consecutively for the third month in a row. This is the first time ever of three consecutive months of earning at least $100 in dividends. It will likely be the last month I ever earn less than $100 from dividends too.
Otherwise, my monthly dividend income growth continued to accelerate compared to last year. And my total year-to-date investment returns are still outpacing comparable funds, such as the S&P 500, RBC North American Value Fund, RBC Monthly Income Fund.
Since there is a lot to cover, let’s jump right into the dividend income highlights for August 2022.
Dividend Income August 2022 Highlights
- Total dividend income in August 2022 was $109.17
- Year-over-year (YOY) dividend income grew by 110% or $57.25 compared to August 2021
- Year-to-date (YTD) dividend income is up to $851.79 (January to August 2022)
- Year-to-date dividend income is already 4% or $34.97 higher than last year’s total income
- YTD dividend income is up by 87% or $395.66 compared to the first 8 months of 2021
- Quarter-over-quarter (QOQ) dividend income is up by 19% or $17.62 compared to May 2022
- It was the 1st time ever for 3 consecutive months of earning at least $100 in dividends
- All-time dividend income since June 2017 is $3,299.89
- Monthly average dividend income in 2022 is $106.47
Dividend Income August 2022 Earnings — $109.17
My investment portfolio generated $109.17 worth of dividend income in August 2022.
This represents an impressive 110% year-over-year increase compared to how much dividend income was generated in August 2021. My dividend income has more than doubled five out of eight months in 2022 now.
Furthermore, the pace of growth is continuing to accelerate. Dividend income in August 2021 grew by 42% over August 2020. Comparatively, dividend income in August 2022 grew by 110% over August 2021.
Otherwise, year-to-date dividend income is up to $851.79, which is already 4% higher than all of 2021. The 2021 total was $816.82. I easily surpassed last year’s total with four months to spare. Considering that I have four months remaining and expect to earn more than $100 each month, I will easily surpass $1,200.
Compared to the first eight months of 2021, dividend income is up by 87% or $395.66. By the end of August 2021, my portfolio had only generated $456.13. Again, it is really cool to see the pace of growth picking up despite my portfolio being a lot larger.
Compared to the previous quarter, dividend income is up by 19% or $17.62. I like to keep an eye on quarterly growth to see how reinvested dividends and savings are growing income. Unfortunately, quarter-over-quarter actually slowed down by 1%. But that was the only negative that could be observed from this month’s earnings.
It was nice to finally get over the $100 hump in the February-May-August- November quarters, and it was great to finally see three consecutive months of $100 or more in dividends. Going forward, I will never see another month of less than $100 in dividends again.
Stocks/REITs That Paid Dividends/Distributions In August 2022
Eleven stocks or REITs paid dividends or distributions in August 2022, which is the same as last quarter.
Below is a breakdown of the positions that paid dividends, organized from highest to lowest payment:
- Royal Bank of Canada (Ticker: RY)
- Starbucks (Ticker: SBUX)
- Abbvie (Ticker: ABBV)
- National Bank (Ticker: NA)
- Riocan REIT (Ticker: REI.UN)
- SmartCentres REIT (Ticker: SRU.UN)
- Apple Inc (Ticker: AAPL)
- Choice Properties Investment Trust (Ticker: CHP.UN)
- Vitreous Glass (Ticker: VCI)
- North West Health Properties REIT (Ticker: NWH.UN)
- Savaria Corporation (Ticker: SIS)
As per usual during the February-May-August-November quarter, Royal Bank led the way. The financial services company accounted for exactly 50% of this month’s income. Although I am more than fine with RBC being my largest position, I’d still like to see that reliance come down over time.
My second highest payer was Starbucks, which happens to be one of my largest bets of 2022. I have been more than happy to invest in a world-class brand that offers affordable luxury during a pullback. Starbucks accounted for 17% of this month’s dividend income.
My third highest payer was Abbvie, which has been one of best performing assets in my portfolio over the past year. Abbvie contributed 10% of this month’s dividend income. The juicy dividend and capital appreciation have treated my portfolio well.
The fourth highest payer was National Bank, which recently reported earnings. National Bank accounted for 8% of August’s dividend income.
Otherwise, the remaining REITs and stocks each contributed between 1 to 4% of this month’s dividend income.
Cost To Manage The Portfolio In 2022 — $37.75
I have spent $37.75 in total to manage my investment portfolio in 2022.
This is on a portfolio worth tens of thousands that generated $851.79 in dividends so far this year.
On a percentage basis, this is a very low cost compared to mutual funds and even index funds.
On top of that, my year-to-date performance is actually outperforming the funds I compare my portfolio to.
For reference, I compare my portfolio to the S&P 500, RBC North American Value Fund, and the RBC Monthly Income Fund. The holdings and goals of those funds are most similar to my portfolio. So it’s nice to see that I am outperforming them YTD and that I spending less in fees as well.
For the record, I keep my fees lows through utilizing a zero-commission brokerage, using credit card points to pay for commissions, and by limiting my activity.
Outlook — $448.21 To Go To Reach My $1,300 Target
I set financial goals at the beginning of each year to clearly define my dividend targets.
Near the beginning of 2022, I set a goal of $1,200 in dividend income. However, I was pleasantly surprised to realize I was on pace to easily meet that target back in June 2022, so I increased it to $1,300.
Now that August’s dividend income is factored in, it’s become clear that it was a good idea to increase the target. In order to meet that target, I must earn at least $448.21 more by the end of the year.
This works out to an average of $112.05 per month during the last four months of 2022. I don’t see this amount being a problem. In fact, I will likely exceed it.
Dividend Income August 2022 — Final Thoughts
In summary, my investment portfolio generated $109.17 worth of dividend income in August 2022.
This represents an outstanding 110% year-over-year increase compared to August 2021.
But the impressive increase wasn’t the only highlight of the month. August 2022 marked the first time ever for receiving over $100 of dividend income for three consecutive months. Moreover, I surpassed last year’s total dividend income with four months of the year remaining.
Now that last year’s dividend income was exceeded, I am looking forward to surpassing my $1,300 target and seeing how high I can push dividend income over the next four months.
Other Dividend Income Posts To Check Out
Dividend Income August 2021 — 42% YOY Growth
Dividend Income July 2022 — 119% YOY Growth
