Dividend income update November 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 nearly over, so it’s time to report how much dividend income was earned in November 2021.
Fortunately, it turned out to be another stellar month for year-over-year (YoY) dividend growth.
For the eleventh month in a row, my dividend income increased over the same month last year.
Furthermore, I achieved the 3rd highest rate of YoY growth this year.
In this article, I will share how much dividend income was earned in November 2021 and detail which stocks paid dividends.
Let’s dive into the highlights of the month.
Dividend Income November 2021 Highlights
- Total dividend income in November 2021 was $66.54
- 54% year-over-year (YoY) increase compared to November 2020
- Year-to-date income from dividends is $701.10 (January 1, 2021 to November 30, 2021)
- All-time dividend income received is $2,332.28 (June 2017 to November 2021)
- Monthly average dividend income in 2021: $63.74
- $2.22 per day in dividends was earned in November 2021
- 11 months in a row of YoY growth
- Increased forward dividend income by $20.56 during the month
- Telus (T.TO) raised its dividend by 3.5%
Dividend Income November 2021 Earnings — $66.54
I earned $66.54 from dividend investing in November 2021.
This represents a 54% increase compared to the $43.08 that was earned in November 2020. Surprisingly, it’s also the 3rd highest YoY increase of the year.
Compared to the previous quarter, dividend income increased by an impressive $14.62 or 28%. The increase can be attributed to adding National Bank, and increasing my positions in Starbucks, Apple, Royal Bank, and AbbVie.
Total year-to-date income is up to $701.10, which is the most I have ever received in one year. With one month remaining in the year to collect dividends, total year-to-date dividend income is already $79.82 or 12.85% higher than the total amount earned in 2020.
By the same point last year, in November 2020, $534.32 had been received. So, I’ve already received $166.78 more than last year with one month to go.
Stocks That Paid Dividends In November 2021
Twelve stocks paid dividends in November 2021.
Below is a breakdown of which stocks paid dividends from highest amount paid to lowest:
- Royal Bank of Canada (Ticker: RY)
- AbbVie (Ticker: ABBV)
- Starbucks (Ticker: SBUX)
- Riocan REIT (Ticker: REI.UN)
- National Bank (Ticker: NA)
- 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)
- Park Lawn (Ticker: PLC)
- Savaria Corporation (Ticker: SIS)
As per usual during the quarter, Royal Bank (RY) led the way as it accounted for 57% of my total dividend income during the month.
Although this is a higher percentage than I would like, it could be even higher next quarter if RY raises its dividend.
Even still, a dividend raise would be a welcome event.
After Royal Bank, one of this year’s main acquisitions, AbbVie (ABBV), accounted for 14% of this month’s dividend income. It has also been performing quite well as of late.
Otherwise, one of my largest USD positions, Starbucks (SBUX), accounted for 7% of November’s dividend income.
The other nine stocks that paid this month each chipped in between 1% to 4%.
Outlook — $48.90 To Reach My 2021 Target
At the beginning of 2021, I set a modest goal to earn at least $750 in dividend income during the year.
As of November 30, 2021, I only need to earn $48.90 in December to reach that target.
Considering that December will likely be my highest month for dividend income ever, I expect to easily achieve and exceed that target.
Frankly, I will be able to exceed that target on December 1st alone, as it’s payday from Enbridge and Fortis.
I look forward to sharing the final numbers in late December or early January.
Portfolio Activity In November 2021
I was less active in November 2021 than I have been in recent months.
This was mainly because I am considering buying a property of my own.
As such, I am cutting back on my savings rate for the time being to have more cash available in case I do purchase a new home.
But even during the process, I am still planning on saving between 10 to 15% of my net income for investing in stocks. I still have to think about my retirement.
With that said, I still put a decent chunk of money to work in November 2021. On top of that, I received a 3.5% dividend raise from Telus.
Here is a breakdown of my portfolio activity in November 2021:
- Added 12 shares of $AQN
- Added 2 shares of $FTS
- Bought more fractional shares of $SHOP
- Added 1 share of $T.TO
- Added 3 shares of $SIS
- Bought 1 more share of $PLC
- Bought 4 more shares of $PLTR
- Invested 1% of my pay into Bitcoin and Ethereum
- Traded $LC for a small profit
For the most part, I added to dividend stocks during the month. I added 12 more shares of $AQN because the stock is cheap and to get my position to over 100 shares.
Additionally, I added to a few existing positions in my zero-commission Wealthsimple account.
The only unusual move that occurred during the month was I traded in and out of Lending Club ($LC).
It’s very rare that I trade, but I bought on a day that the stock was down over 7%. The next day it was up 4% so I took a small capital gain.
Otherwise, I bought the post-earnings Palantir ($PLTR) dip and added to my growing position in the company. Although I only added a small amount, the opportunity was too good to pass up on.
Dividend Income November 2021 — Final Thoughts
In summary, I earned $66.54 from dividend stocks in November 2021.
This represents a 54% increase compared to November 2020.
Moreover, my total year-to-date dividend income is up to $701.10. This represents a 12.85% year-over-year increase compared to last year’s total with one more month to go.
Looking forward, I expect to easily exceed the $750 annual target I set for 2021 next month.
I look forward to sharing the end-of-year results in late December or early January.
Other Dividend Income Reports To Check Out
Dividend Income Update November 2020
Previous Quarter Dividend Income – August 2021
All Dividend Income Updates Since 2017
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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