March 2018 – Passive Income Update

March 2018 - Passive Income

March 2018 – Passive Income Update

Happy Easter, Its a early one this year! March is officially done and the trees are starting to bud. Spring is coming… March was another great month. I celebrated my 35th Birthday with friends and a bunch of beers, finished up some house projects and got the tax return back. This weekend is going to be busy one, but I love watching my son search for all the Easter eggs and getting together with the whole family. The end of the quarter is always everyone’s favorite dividend month, and a new record was set. So lets get to it!

1 Stock decided to beef up their dividend for me this month.
  • Td Bank raised theirs by 11.7%

January 2018 - Passive Income

Dividend Income

17 Companies paid us this month.

StocksMarch 2018 Income
Totals600.64
IBM27.00 usd
Russell Metals17.48
Altagas 5.48
Sienna Senior2.40
Highliner Foods21.75
Canadian National Railway16.38
Manulife6.60
ZDY Etf7.13
Richie Bros Auctions32.70
Boardwalk Reit2.42
Canadian Utility's60.17 (One Drip)
Brookfield Renewable 65.90 (One Drip)
Riocan39.12 (One Drip)
Extendicare 16.36 (One Drip)
Enbridge 230.82 (4 Drip's)
Shaw30.12 (One Drip)
Corus Entertainment18.81 (2 Drip's)

March 2018 Dividend Total = $600.64 (%307.93 higher yr over yr)

March 2017 Dividend Total = $147.24 (Previous Dividend Income)

Our Drips (Dividend Reinvestment Program) added $19.65 to our yearly forward dividend’s this month!

March 2018 - Passive Income

Other Income

Private Investment Payment – $500.00

Solar Panel Income – $86.40

Total March 2018 – Passive Income – $1187.04

Total Passive Income Increase over last year. – 706.19%

Totals For 2018
March 2018 - Passive Income

Dividends Year To Date Total – $1177.59
Other Passive Income Year to date – $1926.63
Total Passive Income for 2018 —– $3104.22
Year End Goal – $15,000 ——–%20.69

Over $600 in one month of Dividends? That’s a record. My oh My, that feels good. 20% towards the year end goal is a little behind, time for the solar panels to step up their game!

 




January 2018 - Passive Income

March 2018 Purchases
Conclusion

Overall a great month, anytime it surpasses a grand is fantastic. 600 bucks in dividend’s can cover a nice amount of monthly bills as well. Both purchases this month were low yield one’s that I don’t need to worry about but have potential for a tonne of growth. I look forward to reading about all your progress and hope we can topple 20k this month as a group on the diplomats report.

Have a wonderful Easter weekend!

Cheers

Feel free to subscribe by email or join me on twitter or Facebook and follow on the journey.

Thanks in advance to all the social media shares.

Hey I’m Rob, creator of Passive Canadian Income.

In 2011 me and my wife had almost $60,000 in debt and a negative $7,000 Net Worth. Through hard work and financial education we paid all that off. Now we are focusing on increasing our Passive Income Streams to make the money work for us. Feel Free to Follow along the Journey!

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40 Responses

  1. Wally says:

    Great stuff! $600 in dividends is awesome! Keep that passive income rollin in!

  2. Team CF says:

    Nice one Rob! You’re killing it 🙂
    Hope the solar panels will kick in once the sun comes out and speed up your pace to that $15k

    • Rob says:

      Hey Cheese

      Thanks alot. March was a good month for the panels and we should start seeing some nice progress on that front.

      Have a great easter weekend

  3. Wow wow and wow congrats on a fantastic month. Over 300% growth so impressive. I love that payout from Enbridge. Keep up the good work Rob. Happy Easter

    • Rob says:

      Hey Matt

      Thanks, i think even shania twain would be impressed.

      The enbridge payout is a monster, shows how much im down currently! Lol Id love to keep adding to them at these levels but want to even my positions out. I take the extra drips though
      Cheers man

  4. Hi Rob, Nice results and I bet you make a mean pancake! Tom
    Tom @ Dividends Diversify recently posted…Timeless Investing PrinciplesMy Profile

  5. PCI,
    Nice looking chart showing excellent growth. I like that Disney purchase. We’re looking at cruises and they are clearly good at price gouging!

    I see you have a lot of DRIPs. Do you own these in a brokerage or through a transfer agent? I’ve been consolidating my drips into a regular account to simplify.
    -RBD

    • Rob says:

      Hey Rbd

      Thanks alot! Disney has pulled back even more but currently it doesnt make sense for us to put into our rrsp this year with the wife on mat leave.

      As for the drips i love them. Stocks are in rbc direct investing and i just set them to drip if they can.

      Have a great weekend
      Cheers

  6. Really a fantastic month! Your post reminds me I have Enbridge on my list of companies about which I must do some research. I guess I will use Easter to read up about Enbridge, because the valuation looks good now. Happy Easter!

    • Rob says:

      Hey i want

      Thanks alot. Clearly im a huge fan of Enbridge! Id be buying alot more if it wasnt my top position. Have a great weekend and good luck with your research.
      Cheers

  7. Well done!! It’s gotta be fun to see the YOY growth – 2016 isn’t even on the charts in comparison. $600 in dividend income in a month is rockstar status in my book. Can’t get more passive than that.

    • Rob says:

      Hey Angela thanks!

      Yeah its pretty amazing to look at a graph and see the spike in income. 600 is definitely great but i want to get more passive income than that. Haha!

      Cheers

  8. dividendgeek says:

    Congrats mate! I love the diversification. Solar income is ramping up. Summer is yet to come. Well done sir!
    dividendgeek recently posted…2018 Q1 / March Dividend ReportMy Profile

  9. That is some amazing progress, so far into your journey and still 300% higher dividend YoY and total income over 700% increased, wow!
    Great reading your progress PCI!

    DI

    • Rob says:

      Hey Dutch

      Thanks alot. I feel the community and website really keep ya motivated to go. These growth numbers as a % surely should drop soon!

      Cheers

  10. PCI – Un-freaking-believable. Those results…inspiring. Man oh man. Happy belated birthday and I’m glad your investments delivered you 17 nice presents this month. The best is yet to come and by the way, I love the note in the picture.

    Take care,

    Bert

  11. Good to see you going strong, Rob! Looks like you had much fun in March! Congrats on that huge year over year dividend growth! $600/month is an incredible achievement. It can certainly help your portfolio grow faster when you reinvest those dividends.

    By the way, if you noticed, I haven’t visited your blog for at least 2 months. For some reason, your link got deleted from my blogroll. I don’t know why.Anyway, I added your blog to my blogroll again. Will catch up on your posts soon 🙂

    • Rob says:

      Hey German.

      Hmmm that is weird. Ahh well thanks for adding me again.

      It is becoming a nice chunk of change that definately gets reinvested. Should help grow our snowball

      Cheers

  12. Congrats Rob on reaching over $600 in dividends. Plus you got that from 17 companies, which are providing you decent diversification. Keep building that passive income snowball!.
    Dividend Portfolio recently posted…Dividend Income Report – March 2018My Profile

  13. Leo T. Ly says:

    Wow the solar panel income will definitely be a factor for you if you’re going to reach the 20k in income. This is a great pace comparing to previous years.

    The dividend income report seems fun. I am going to check it out and try to join the party.

    • Rob says:

      Hey Leo

      The goal is only 15,000 right now. 20 may be too big of a jump this year! The passive income reports are great, i love doing them. It really shows your progress.

      Cheers
      Leo

  14. Great month! $600 in dividends and a 300% plus YOY growth rate is incredible! Keep up the amazing work! Oh, and Happy Birthday! Congrats! 😀
    My Dividend Dynasty recently posted…March 2018 Dividend IncomeMy Profile

  15. Way to go man! I’ll be turning 35 in a couple of months too! Love seeing other Canadians around the same age and tracking their journeys.

    Only 307% growth year over year? Gotta step it up 😛 haha
    I had a pretty slow March, but still saw 49% growth vs last March…should get my tax return this year – though most of it will probably go to Jets playoff tickets and season tickets for next year…haha
    Jordan @ MoneyMaaster.com recently posted…March Passive Income Update.My Profile

    • Rob says:

      Haha i guess that tax return is a good problem to have. Thats a sizeable return! The disadvantages of your team making the playoffs….

      Yeah always cool reading everyones incomes, even better when we are similar ages.
      Just came from your page you did great. I wont have these growth percentages in a couple months… lol

      Up n up
      Cheers
      Rob

  16. MrSLM says:

    Nice work and happy 35th!
    MrSLM recently posted…Financial Update – March 2018My Profile

  17. Nice work Rob. Congrats on the passive income!

    R2R

  18. Thought I commented on this already, apparently not. Congrats on the record high month! That passive income growth is amazing. You are well on your way my friend. Keep it going!

    • Rob says:

      Hey daze

      Thanks man! As long as i keep feeding it, it keeps going up!

      Weird about the comment, sometimes i comment too and then it doesnt seem to post. Thought it was my crappy internet

      Cheers

  19. DivHut says:

    Love that TD raise. Canadian banks continue to impress. Love seeing those impressive results for the month too and you have quite a collection of names I’m not familiar with. Keep up the good work.
    DivHut recently posted…April 2018 Stock ConsiderationsMy Profile

    • Rob says:

      Hey Hut

      Thanks alot, when I first started investing I had no clue what U.S stocks people were talking about. Im sure its the same with Canadian ones for ya!
      Cheers

  20. Congrats on a great month from over in the U.K. Rob. You’re making great progress! I love seeing progress made by other people with similar goals to mine.
    Good luck for the rest of the year.

    • Rob says:

      Hey uk

      Thanks alot man. Its crazy to see the success of the community. Got to love being a part of it, no matter where you live in the world.

      Cheers

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