Dividend income November 2022 — Chronicling monthly dividend income to document my journey to financial independence. I am not a licensed investment advisor and this post is not investment advice. All opinions are my own.
Another month has passed, so it’s time to report how much dividend income was received in November 2022.
For the record, this month’s dividend income update is being published unusually late. But there is a good reason — I purchased my own home and moved in November. This is the first post I’ve written from an office that I own. It’s so satisfying.
Of course, buying a place to live is an expensive endeavour. So this change will have a slight impact on my dividend income investing in the short term. But over the long term, I believe that this move will help my journey to financial independence. Mostly, I have more control over housing costs because I know what my mortgage payment will be over the next 5 years. If I had remained a renter, my rent costs would increase each year. And over the long, long term, I now have the opportunity to eliminate my largest housing expense completely through paying off my mortgage. Anyways, I just wanted to briefly share how purchasing a property affects my dividend investing journey.
Now let’s get back to the dividend income update. Despite the move and cost of the downpayment, I am happy to report that my dividend income business achieved another solid month of year-over-year growth.
Since there is a lot to cover, let’s dive into the dividend income November 2022 highlights.
Dividend Income November 2022 Highlights
- Total dividend income received in November 2022 was $102.92
- Year-over-year (YOY) dividend income grew by 55% or $36.38 compared to November 2021
- Year-to-date (YTD) dividend income is up to $1,233.81 (January to November 2022)
- My financial goal to earn at least $1,200 in dividends in 2022 has been achieved
- 2022 YTD dividend income is 51% or $416.99 higher than last year’s total dividend income
- All-time dividend income since June 2017 is $3,681.91
- Monthly average dividend income in 2022 is $112.16
Dividend Income October 2022 Earnings — $102.92
My investment portfolio generated $102.92 worth of dividend income in November 2022. This is the sixth month in a row of receiving $100 or more in dividends within a single month.
Compared to November 2021, year-over-year dividend income grew by $36.38, which represents a 55% growth rate. This is 1% higher than last year’s growth rate.
After November’s dividend income is factored in, total year-to-date dividend income is up to $1,233.81. This represents a 51% increase over last year’s total dividend income, which was $816.82. I am well beyond last year’s 31% growth rate and I have officially exceeded my financial goal to earn at least $1,200 in dividends this year.
Compared to the previous quarter, August 2022, dividend income is unfortunately down slightly from the $109.17 that was received. This is due to selling some equities to cover the cost of the downpayment on a home. Originally, I wanted to avoid selling stocks to pay for a home. I was saving up cash on the side and preparing to eventually buy a home. But an opportunity presented itself thanks to this strange interest rate environment, so I acted. I do not regret the decision and feel like I am in a stronger financial position overall now. Furthermore, I used the opportunity to organize my investment accounts and lock in some capital gains in the process.
Overall, I am very satisfied with my dividend income results in November 2022. Moreover, I am more bullish on dividend income investing than ever considering how my portfolio has held up in 2022. I’ve made $1,233.81 in dividends so far, locked in over $200 in capital gains, and substantially outperformed the S&P 500 year to date.
Stocks/ REITs That Paid Dividends/Distributions In November 2022
Seven stocks or REITs (real estate investment trusts) paid dividends or distributions in November 2022:
Below is a breakdown of the stocks or REITs that paid:
- Royal Bank of Canada (Ticker: RY)
- Starbucks (Ticker: SBUX)
- Abbvie (Ticker: ABBV)
- National Bank (Ticker: NA)
- SmartCentres REIT (Ticker: SRU.UN)
- North West Healthcare Properties REIT (Ticker: NWH.UN)
- RioCan REIT (Ticker: REI.UN)
Detailed Breakdown & Portfolio Changes
Everything in the report up until this point has looked relatively the same. This is where some of the financial organization and changes I’ve made will start to show.
As you can see from the list above, seven stocks or REITs paid dividends or distributions in November 2022. This is down by four positions since last quarter. The positions I sold were Apple, Choice Properties REIT, Vitreous Glass, and Savaria. For the record, I took a very nice capital gain on Apple. Otherwise, there were two reasons for selling positions — I liquidated an entire account, and I chose to sell positions that were getting away from my core competency. Frankly, my portfolio had too many positions and it was beginning to get challenging to manage.
Going forward, I am planning to hold less positions overall. I will hold fewer positions and I will double down on stocks I have the best understanding of to make it easier to manage. Also, I feel as though I can afford more risk now that I have another physical asset anchoring me — the home. So the positions I do own will be larger positions. As for liquidating an account, I previously had two TFSA accounts before buying a home. I only have one now. This way, all my investment capital will be going into one TFSA and one RRSP. Again, it will become easier to manage my assets overall.
Regarding the breakdown of the positions that paid in November 2022, as usual, Royal bank led the way. In total, Royal Bank accounted for 52% of my dividend income in November 2022.
Starbucks, which was my largest stock purchase in 2022, contributed the second most dividend income. It accounted for 21% of this month’s dividend income. It is also delivering a solid investment return from a capital appreciation standpoint.
Abbvie and National Bank contributed a respectable 11% and 8% of this month’s income. But these two stocks may not show up in the next quarter either.
Otherwise, my three REITs contributed between 1-to-4% of this month’s dividend income.
Cost To Manage The Portfolio In 2022 — $198.50
The good news is that my commission costs have not changed since last month. But the bad news is that my commission costs are still too high in 2022. It has cost $198.50 to manage my portfolio during the course of the year.
Of course, the only reason I incurred commission costs is because I had to sell stocks to buy a property. Otherwise, I hardly would’ve made any trades at all.
As such, I am looking forward to setting my financial goals for 2023. I will likely aim to spend zero dollars on commission in 2023. Stay tuned for my financial goals in early January.
Outlook — I Surpassed My $1,200 Dividend Income Target!
At the beginning of 2022, I set a financial goal to earn at least $1,200 in dividends.
And well, I was able to easily accomplish that goal by November 2022. As I mentioned above, I have received $1,233.81 in dividend income year to date.
So, all the dividend income I earn in December 2022 will just be a bonus. The real challenge will be increasing dividend income again in 2023 after I sold off some of my portfolio this year. I look forward to that challenge.
And I look forward to sharing the final dividend income numbers for December 2022. It is looking like I won’t have a problem exceeding $1,300 worth of dividend income in 2022.
Dividend Income November 2022 — Final Thoughts
In summary, my investment portfolio generated $102.92 worth of dividend income in November 2022 from seven holdings.
This represents a 55% year-over-year increase compared to November 2021. This was during the same month that I bought a property and moved.
As of November 30, 2022, total year-to-date dividend income is $1,233.81, which exceeded my $1,200 financial goal for 2022. It also represents a 51% year-over-year increase compared to last year’s total dividend income, from January to December 2021.
Unfortunately, my investment expenses were more than I expected this year. However, it was only because I bought a house and consequently sold stocks to do so.
To close, I am extremely satisfied with November’s results, all things considered. I am looking forward to doubling down on income investing as a strategy and building my dividend income portfolio from the comfort of my own home going forward. Stay tuned for my final dividend income report of the year. Thank you for reading!
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All Dividend Income Updates Since June 2017
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Dividend Income October 2022 — 63% YOY Growth
