Dividend income December 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 earned in December 2022.
Since this will be the final dividend income report in 2022, I will also discuss how much dividend income was earned year to date.
Overall, it was a fantastic year for my dividend income portfolio. Despite going through the worst bear market since the financial crisis of 2008-2009, my dividend income skyrocketed. On top of that, my total investment returns held up quite well compared to the S&P 500. I guess it literally pays to be a dividend investor.
Considering how well my income-centric portfolio held up this year, I feel more confident about dividend income investing than ever.
Now let’s dive into the numbers because I’m excited to share how much dividend income my portfolio generated in 2022.
Dividend Income December 2022 Highlights
- Total dividend income received in December 2022 was $116.41
- Year-over-year (YOY) dividend income grew by 0.60% or $0.69 compared to December 2021
- Total year-to-date dividend income received was $1,350.22 (January to December 2022)
- Total dividend income in 2022 increased by 65% or $533.40 compared 2021
- I easily surpassed my financial goal to earn at least $1,200 in annual dividend income in 2022
- Year-over-year dividend income increased twelve months in a row
- All-time dividend income since June 2017 is now $3,798.32
- 9 out of 12 months in 2022 generated more than $100 of dividends
- Monthly average dividend income in 2022 was $112.52
- Dividend raises added $75.63 of forward dividend income in 2022
Dividend Income December 2022 Earnings — $116.41
My investment portfolio generated $116.41 worth of dividend income in December 2022.
Compared to December 2021, year-over-year dividend income narrowly beat last year’s amount by a modest 0.60% or $0.69.
I alluded to the reason why the growth rate was slower in last month’s report — I bought a property to live in. In short, I sold some equities to buy another asset.
Fortunately, my year-to-date dividend income skyrocketed by a whopping 65% or $533.40 compared to last year’s results. Total year-to-date dividend income finished at $1,350.22 compared to $816.42 in 2021. This is the first year I’ve ever earned more than $1,000 in dividends. Furthermore, I easily surpassed my financial goal to earn at least $1,200 in dividends in 2022. What’s more is that the pace of annual dividend growth increased from 31% in 2021 to 65% in 2022. This means my dividend income is growing faster even though my portfolio is larger.
Otherwise, nine out of twelve months generated more than $100 in 2022. This would have been almost unfathomable only a few years when my portfolio was making just a few dollars per month. Since I started this journey, in June 2017, I’ve received $3,798.32 in dividends overall now. I know this doesn’t seem like a lot of money to some people. However, I find the slow, incremental progress to be absolutely thrilling.
So, even though year-over-year dividend income barely increased in December 2022, I am very pleased with the year-to-date results as a whole.
Stocks/ REITs That Paid Dividends/Distributions In December 2022
Nine stocks or REITs (real estate investment trusts) paid dividends or distributions in December 2022.
Below is a breakdown:
- Enbridge (Ticker: ENB)
- Fortis (Ticker: FTS)
- Canadian Tire (CTC.A)
- SmartCentres Real Estate Investment Trust (Ticker: SRU.UN)
- NorthWest Health Care Properties REIT (Ticker: NWH.UN)
- Johnson & Johnson (Ticker: JNJ)
- Corning (Ticker: GLW)
- RioCan Real Estate Investment Trust (Ticker: REI.UN)
- Nike (Ticker: NKE)
Nine positions paid dividends in December 2022. This is down by three since last quarter, which was my highest quarter ever for dividend income.
To reiterate, I did not sell positions because interest rates are rising or fear of a recession. It had nothing to do with panic selling. I sold to buy a property to live in. But I did use the purchase of a property as a opportunity to simplify my portfolio holdings.
Anyways, the positions that I sold since last quarter were Suncor Energy, Hydro One, Choice Properties REIT, and Savaria.
Regarding the positions that paid dividends, as usual, Enbridge led the way as it accounted for 59% of December’s dividend income. Fortis came in second at 17%, and Canadian Tire contributed 11%. The remaining positions accounted for 1-to-4% of this month’s income.
Cost To Manage The Portfolio In 2022 — $198.50
At the beginning of 2022, I committed to sharing my total investment expenses in the interest of transparency. I wanted new investors to know how low cost investing can be.
Unfortunately, I ended up spending more on commission costs than expected. However, relative to the size of my portfolio, my investment expenses were still quite low.
In total, I spent $198.50 over the course of the year. I am looking forward to lowering my investment expenses even further in the new year. Stay tuned for my financial goals for 2023.
Outlook — Exceeded My $1,200 Target By $150.23
At the beginning of 2022, I set a financial goal to earn at least $1,200 in dividends.
Fortunately, I easily exceeded that goal in 2022. In total, I generated $1,350.22 worth of dividends. Frankly, I’m a bit surprised at how well I did given the circumstances. The market crashed and I bought a house. Yet I still managed to generate 65% more dividends than the prior year.
Although I am pleased with this accomplishment, I am already setting my sights on the new year.
Admittedly, though, it’s going to be extremely challenging to achieve a 65% growth rate again in 2023. In fact, it might even be difficult to reach the same amount again. As it currently stands, my portfolio is projected to earn less than $1,350.22 in dividends next year.
With that said, I am looking forward to the challenge. I plan to sit down and write out my financial goals for 2023 soon. Once I review the numbers, I should have a better understanding of what to aim for.
Dividend Income December 2022 — Final Thoughts
In summary, my portfolio generated $116.41 worth of dividend income in December 2022. This represents a modest 0.60% or $0.69 increase compared to December 2021.
Although year-over-year growth slowed in December 2022, year-to-date dividend growth skyrocketed by 65% over the year. In total, my portfolio generated $1,350.22 worth of dividends from January to December 2022. This is the first time I surpassed $1,000 in dividends within one year. Furthermore, I easily surpassed my goal to earn $1,200 in dividends during the year.
Overall, I am very satisfied with the final year-to-date numbers and how my portfolio held up during the worst bear market since the 2008-2009 financial crisis. It was a challenging and memorable year due to inflation, the stock market crash, and rising interest rates. I am looking forward to the challenge of growing my dividend income and building an even stronger financial foundation in 2023.
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I am not a licensed investment or tax adviser. All opinions are my own. This post may contain advertisements by Monumetric and Google Adsense. This post may also contains internal links, affiliate links to BizBudding, Amazon, Bluehost, and Questrade, links to trusted external sites, and links to RTC social media accounts.
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Dividend Income November 2022 — 55% YOY Growth
