Dividend income December 2021 — Chronicling monthly dividend income to document how much dividend income was earned and which stocks paid dividends. I am not a licensed investment advisor and this post is not investment advice.
Another month is almost over, so it’s time to tally up how much dividend income was earned in December 2021.
Since this will be the final dividend income report in 2021, I will also discuss how much dividend income was earned year to date.
Overall, 2021 turned out to be a stellar year for dividend investing and for my total investment returns.
Income from dividends increased by over 30%, and my total investment returns weren’t too far off that range either. Frankly, I was neck and neck with the S&P 500 all year long and finished in the same range.
In addition, I am happy with the progress I made on the portfolio in 2021. I saved a lot and invested in more quality stocks, such as AbbVie, which is already performing well.
In turn, I set myself up for an even higher rate of dividend growth in 2022.
But before I begin next year’s journey, I will take some time to document the final month of 2021.
In this article, I will report how much dividend income was earned in December 2021 as well as the total year-to-date income.
Let’s dive in.
Dividend Income December 2021 Highlights
- Total dividend income in December 2021 was $115.72 (new record in 1 month)
- 33% year-over-year (YoY) increase compared to December 2020
- Year-to-date income from dividends is $816.82 (January 1, 2021 to December 31, 2021)
- Total dividend income increased by 31.47% over total 2020 dividend income
- Dividend income up by $195.54 over 2020
- All-time dividend income received is $2,448 (June 2017 to December 2021)
- Monthly average dividend income in 2021: $68.07
- 12 months in a row of YoY growth
- Increased forward dividend income by $57.37 during the month
- Dividend raises added $67.43 worth of annual dividend income in 2021
- Royal Bank, National Bank, CIBC, and Enbridge announced dividend raises
Dividend Income December 2021 Earnings — $115.72
I received $115.72 in dividends in December 2021.
This marked a new record for one month and it was the second time I earned more than $100 in one month. The first time I hit a $100 in one month was last quarter in September 2021.
Compared to December 2020, year-over-year dividend income increased by 33% or $28.76.
Compared to last quarter, dividend income increased by an impressive 15%.
Now that all expected dividend income for 2021 has been received, it’s time to see if I reached my target of $750 for 2021.
In total, I received $816.82 in dividends this year. This is the most dividend income I’ve ever received in one calendar year.
Fortunately, I exceeded my target to earn $750 in dividend income by $66.82 or 8.9%.
Compared to 2020, total dividend income increased by 31.47% or $195.54.
Stocks That Paid Dividends In December 2021
Eleven stocks paid dividends in December 2021:
- Enbridge (Ticker: ENB)
- Fortis (Ticker: FTS)
- Suncor Energy (Ticker: SU)
- Riocan REIT (Ticker: REI.UN)
- Johnson & Johnson (Ticker: JNJ)
- SmartCentres REIT (Ticker: SRU.UN)
- NorthWest Health Property REIT (Ticker: NWH.UN)
- Choice Properties Investment Trust (Ticker: CHP.UN)
- Park Lawn (Ticker: PLC)
- Corning Incorporated (Ticker: GLW)
- Savaria Corporation (Ticker: SIS)
In total, 11 stocks paid dividends in December 2021. This is the same as last quarter.
Although the amount of companies remained the same, the amounts received from several of the companies changed.
For example, last quarter Enbridge accounted for 62% of September’s dividend income. In December 2021, Enbridge accounted for only 55% of total dividend income.
The second largest contributor was Fortis, as it accounted for 25% of total dividend income. Ideally, I would like to see Fortis grow to be the primary dividend payer of the quarter.
Thirdly, Suncor Energy accounted for 9% of this month’s dividend income. This was the first payout since Suncor announced a 100% raise. It was a welcome sight to see that payment deposited into my brokerage account on December 24th.
Otherwise, the remaining eight companies chipped in between 1% to 3% of this month’s dividend income.
Outlook For 2022 — $1,200 Annually On 47% Growth
I achieved my financial goal to earn $750 annually in dividend income.
In 2021, I earned $816.82 in dividends on 31.47% total year-over-year growth.
But in 2022, I am setting the bar even higher.
My goal for 2022 is to earn at least $1,200 in total dividend income.
Based on the $816.82 I earned this year, I would need to earn at least $383.18 more next year.
This means I need to average a 47% rate of growth in 2022.
Even though $1,200 seems like a steep jump, I am confident that I will be able to reach this target.
The portfolio is already positioned to achieve it on its own. As of December 29, 2021, forward dividend income is projected to be over $1,090 annually.
As long as I continue to save and invest at least 15% of my income, I expect to earn at least $1,200 annually in dividends in 2022. I will aim for a 47% year-over-year growth rate next year.
Dividend Income December 2021 to December 2017
December is consistently one of my highest month’s for dividend income every year.
Here is December dividend income from 2017 to 2021:
- December Dividend Income 2020 — $86.96
- Dividend income in December 2019: $80.38
- Total Dividend income in December 2018 : $46.74
- Dividend income in December 2017: $11.57
Dividend Income December 2021 — Final Thoughts
Annual dividend income in 2021 was up by 31.47% or $195.54 compared 2020.
Furthermore, I hit a new record for one month in December 2021 — $115.72 was earned.
In total, $816.82 in dividends was earned in 2021. This exceeded my goal to earn at least $750 during the year.
Looking forward, I expect the dividend business to grow by 47% in 2022. My target dividend income in 2022 is $1,200.
At the same time, I have designed a portfolio allocation that is remaining completive with the returns of the S&P 500.
In addition to earning $1,200 in dividend income in 2022, my goal is to outperform the S&P 500. I also want to grow forward dividend income to at least $1,500 by the end of the year.
Similar Articles On Dividend Investing
Dividend Income Update December 2020
Dividend Income September 2021 – A New Milestone
All Dividend Income Updates Since 2017
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