Dividend income January 2022 — Chronicling monthly dividend income to document the journey to financial independence through investing. I am not a licensed investment advisor and this post is not investment advice.
The first month of 2022 is in the books, so it’s time to report how much dividend income was earned in January.
If you are new to the blog, I have been tracking my monthly dividend income since 2017 to document the journey to financial independence. This is the first post of the series for 2022.
In case you missed my financial goals for 2022, I am aiming to earn at least $1,200 in dividends in 2022.
To reach my goal to earn $1,200 in dividends, my dividend income business must grow by 47% over the $816.82 that was received in 2021.
Fortunately, I was able to start off January on the right foot, as year-over-year growth easily outpaced my 47% growth target.
In this post, I will share how much dividend income I earned in January 2022 and look at which stocks paid dividends.
Let’s jump right into the the monthly highlights.
Dividend Income January 2022 Highlights
- $90.26 was earned in January 2022
- 110% YoY increase compared to January 2021
- 16% increase compared to last quarter
- 13 stocks or REITs paid dividends/distributions
- $2,538.36 received in dividends since 2017
- $20.34 in annual dividend income was added in January 2022 through investing
- $1,128.28 in forward annual dividend income is expected as of January 31, 2022
Dividend Income January 2022 Earnings — $90.26
I received $90.26 from dividend paying stocks in January 2022.
This represents an impressive 110% YoY increase compared to the $42.99 that was received last January.
More importantly, the 110% increase is well above my 47% YoY growth target. If I can maintain this rate of growth, dividend income could end up being significantly higher than the $1,200 I am aiming for.
Compared to last quarter in October 2021, dividend income is up by a respectable 16%. This is quite the jump in a short timeframe.
If dividend income can continue to increase at this rate, the April-July-October quarters should surpass $100 per month.
Costs To Manage Portfolio (Commission/Fees) — $0
I spent zero dollars on commission costs or investment fees in January 2022.
So, I earned a net profit of $90.26 from dividend investing because nothing was subtracted.
One of my investment goals this year is to incur zero commission costs.
I want to drastically lower fees to boost my overall portfolio returns.
As such, I will begin tracking my total portfolio expenses this year as part of the reports.
I will reveal how much I spend on commission or management fees.
Part of the reason I am doing this is to hold myself accountable and be transparent in these reports. I prefer to show you what I am doing with my personal investments rather than tell you what to do like an advisor would.
Also, I want to prove that it’s possible for the average person to invest without having to pay ridiculous management fees.
Consequently, you can expect my total portfolio expenses to be updated on a monthly basis in these reports.
So far, I have spent zero dollars on managing my portfolio in 2022.
Stocks That Paid Dividends In January 2022
Thirteen stocks paid dividends in January 2022:
- Algonquin Power & Utilities Corp (AQN)
- Telus (Ticker: T.TO)
- Altria Group (Ticker: MO)
- Bank Of Nova Scotia (Ticker: BNS)
- CIBC (Ticker: CM)
- Riocan REIT (Ticker: REI.UN)
- Cicso (Ticker: CSCO)
- SmartCentres REIT (Ticker: SRU.UN)
- NorthWest Healthcare Property REIT (Ticker: NWH.UN)
- Choice Properties Investment Trust (Ticker: CHP.UN)
- Park Lawn (Ticker: PLC)
- Rogers (Ticker: RCI.B.TO)
- Savaria Corporation (Ticker: SIS)
Of the thirteen stocks that paid dividends, the top three stocks, AQN, T.TO, and MO, accounted for 70% of this month’s dividend income.
Algonquin Power & Utilities led the way as it accounted for 26%. Meanwhile, Telus and Altria Group each accounted for 22%.
Otherwise, two Canadian banks, BNS and CM, chipped in 8% and 7% respectively.
The remaining eight positions accounted for 4% of total income or less.
Outlook — $1,109.74 To Meet This Year’s Target
I set a goal to earn at least $1,200 in dividends in 2022. This works out to a 47% year-over-year growth target.
After this month’s dividend income is factored in, I need to earn $1,109.74 more to meet my goal.
Broken down monthly, I need to earn at least $100.89 per month during the remaining eleven months in 2022.
Forward Dividend Income Update — $1,128.28
As of January 31, 2022, my dividend business is expected to generate $1,128.28 annually.
On a monthly basis, this works out to $94.02.
Of course, this estimate is based on the amount of dividend income that is expected from my current stock positions.
Compared to the most recent dividend income forecast, income is up by $51.72 or 4.8%.
Over the course of January, forward annual dividend income increased by $20.34 through saving and stock purchases.
Ideally, I would like to get closer to increasing forward annual dividend income by at least $40 per month.
But as long as I reach my target to grow forward annual income to at least $1,500 by the end of 2022, I will be satisfied.
I am keeping my long-term dividend income projections in mind for extra motivation.
Related: Forward Dividend Income Forecast December 2021
Portfolio Trading & Activity
As mentioned earlier, forward annual dividend income increased by $20.34 in January 2022.
Since no dividend raises were announced in January, income increased organically through saving and investing.
As a reminder, I spent zero dollars on these trades. All purchases were made in with a zero-commission brokerage or commission was reimbursed through credit card points.
Furthermore, I sold nothing during the month. I only added to existing positions.
Below is a quick breakdown of my investment activity in January 2022.
Buys/Trades In January 2022:
- SBUX
- RY
- FTS
- SHOP
- PLTR
- AQN
- VCI
Dividend Income January 2022 — Closing Remarks
In summary, my dividend income portfolio generated $90.26 in January 2022.
This represented a substantial 110% year-over-year increase compared to January 2021.
Additionally, this rate of growth was well above my 47% YoY growth target.
Overall, it was a promising start to the year for dividend earnings growth. In fact, the 110% YoY increase was higher than any year-over-year increase in 2021. The highest YoY growth last year was 91% in October 2021.
It’s nice to see that that dividend growth is accelerating even though the portfolio is significantly larger now.
Other Dividend Income Investing Posts To Check Out
Dividend Income October 2021 – 91% YoY Growth
Dividend Income December 2021 – $115.72
All Dividend Income Updates Since 2017
Forward Dividend Income Forecast December 2021
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.
Connect with RTC
Twitter: @Reversethecrush
Pinterest: @reversethecrushblog
Instagram: @reversethecrush_
Facebook: @reversethecrushblog
Email: graham@reversethecrush.com
Retail Investor Strategy — 5 Stock Investment Strategies For Beginners
