May 2018 – Passive Income Update

May 2018 – Passive Income Update

Hey! It’s that time of the month again. Time to tally all the totals and see how we are progressing.

May isn’t exactly over but I have received all our dividend payments and other sources of passive income for the month. This month has just flew by. Work is just insane. I have been working 60 plus hours a week 6 days a week (Saturday is normally a half day) This is a big reason for my lack of posts currently.

I just finished getting our vegetable garden all setup with the drip line system. Feels good to get that done as the side of our house was a huge mess, this cleans it up more and got to love fresh vegetables! I planted a bunch of Tomato’s and cherry Tomato’s, green peppers, red peppers, some herbs, cucumber’s, bean’s and for the first time we are going to try watermelon’s. I’m looking forward to seeing how those turn out.

The weather has been very nice, and we really hit it off this year with a bunch of the neighbour’s. Its great to have a group of friends so close. Beer’s are always flowing, pool parties and fire’s tend to be constant. The kid’s all get along which is a massive bonus.

Summer is all about camping, we love to go for the weekends. We haven’t went yet but got 2 trips booked and debating setting up another. Anyways let’s see how the progress is going….

4 Stock’s decided to bulk up their dividend’s for me this month.
  • Telus raised their dividend by 4%
  • Algonquin raised theirs 10%
  • Bmo bumped theirs up 3.2%
  • National Bank boosted theirs 3.22%

January 2018 - Passive Income

Dividend Income

14 Companies paid us this month.

StocksMay 2018 Income
Totals307.07
Proctor & Gamble17.21
National Bank of Canada21.60
Altagas5.48
Sienna Senior2.40
BMO15.81
CVS Healthcare - USD15.50
ZDY Etf7.67
Boardwalk Reit2.42
Shaw 30.32 (One Drip)
Emera50.85 (One Drip)
Corus Entertainment19.29 (3 Drips)
Riocan 39.36 (One Drip)
Extendicare 16.44 (2 Drips)
General Mills - USD 62.72 (One Drip)

May 2018 Dividend Total = $307.07 (%317.44 higher yr over yr)

May 2017 Dividend Total = $73.56 (Previous Dividend Income)

Our Drips (Dividend Reinvestment Program) added $11.22 to our yearly forward dividend’s this month.

May 2018 Passive Income

Other Income

Private Investment Payment – $500.00

Solar Panel Income – $245.09

Total May 2018 – Passive Income – $1052.16

Total Passive Income Increase over last year. – 1330.34%

Totals For 2018
May 2018 - Passive Income Update

Dividends Year To Date Total – $1836.21
Other Passive Income Year to date – $3458.86
Total Passive Income for 2018 —– $5295.07
Year End Goal – $15,000 ——–%35.30

 




January 2018 - Passive Income

May 2018 Purchases
Conclusion

This was the first month Emera and Proctor & Gamble paid me. Very nice! 4 More dividend increases! Man do I ever love dividend investing…..  Solar was a little lower than last month because of the ice storm but overall another great month. I’m really looking forward to seeing what June will bring in total.

Jordan aka the moneymaaster has a great series called Know the blogger. Recently I answered all his questions and if you would like to know more about me or other blogger’s check his site out. Pretty cool to learn more about some of you!

Anyways that’s all folks! How did you do?

Cheers

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30 Responses

  1. Russ says:

    Love the progess you have going.
    Great to see someone as excited in dividends as me.

    I have alot of the same stocks as you with the exception that i hold a bunch of these. Income type fund ones (not even sure of thats what they are classified as).

    Anyways.
    Eit-un
    Dfn
    Dgs

    To name a few. All monthly dividen stocks. High returns. Im wondering why you dont hold any like these.

    Or.. maybe im missing something and shouldnt be holding them lol.

    Either way love the blog.
    Keep it going

    Cheers to the summer 🙂

    • Rob says:

      hey Russ

      Thanks alot man. I have never heard of any of those. I will look into them after work tonight.

      Thanks for the compliment, glad you like the site.

      Cheers

  2. Thanks for helping people understand passive income so much better. Have you ever looked at the exempt market (aka “private market”) for passive income dividends. I see regular monthly dividends that pay 7-13%, depending on which fund you choose. Terms are 1-5 years so less liquid that stocks but higher dividends.

    • Rob says:

      hey Ray

      np glad it helps some people. I have only looked into solar grants if thats what you mean. I dont really know many private investment dividend options to be honest.
      The returns seem great though. 1-5 years isnt that bad to lock your money up.

      Thanks for stopping by
      cheers

  3. Hey Rob,
    Thanks for the shout out and for completing the interview!

    Also congrats on 3 (maybe 4 now?) consecutive months breaking 1000 in passive income!

    Looking forward to seeing some pics of the garden as well!
    Jordan @ MoneyMaaster.com recently posted…Better know a Blogger: Featuring: Rob @ PassiveCanadianIncomeMy Profile

  4. Great work. Your growth every single month this year is outstanding by looking at the charts. Not only breaking records, but completely shattering them. You are well on your way. Cheers!

    • Rob says:

      hey Daze

      thanks man. yeah for sure! glad I started doing those charts. Some great guy told me how to do them =)

      Thanks again
      cheers

  5. Hey Rob,

    a 317% year over year increase? – insane;-). congrats!!! and a total of over 300$ in dividend income for may is more than solid.
    Besides that, it’s cool that you have your own vegetables – saves money too, and tastes better than the stuff from the supermarket…
    We had great weather here in Germany nearly all of May – my favorite month. In a few days the world cup of soccer starts and that will lead to a lot of barbecue parties;-)

    Take care,
    DividendSolutions

    • Rob says:

      hey Solutions

      haha low blow, the Dutch failed to make it to the world cup! arg…. probably wont be watching much then.

      i love cherry tomatos and fresh beans from the garden the most. cant wait for them to come.

      The dividend growth is pretty sweet but after next month those numbers will be waY lower… womp womp

      cheers

  6. Loving the vegatables! Frugal and much more delicious at the same time. Your numbers shot up so much compared to last year and you should be very proud about it! Congratulations!

    DI

  7. Is that a picture of the bounty from last years garden? If it is, you are regular Martha Stewart. Tom

    • Rob says:

      haha no just some pic from google.

      my peppers had rotted spots on them. haha cucumbers and tomatos turned out pretty good though. heres hoping for a better year.

      cheers Tom

  8. Cameron says:

    Awesome YOY increase! Good job!

    Best of luck!

  9. Love the 317% YOY increase! It’s nice we both own PG. Got my first dividend from PG this May. Keep up the great work! Congrats! 🙂
    My Dividend Dynasty recently posted…May 2018 Dividend IncomeMy Profile

  10. Caroline says:

    317% growth over last year? AWESOME!
    Congratulations on another great month, love those reports. Hoping to have mine out by the end of the week:)

  11. PCI. This is yet another incredible month. Congratulations on your amazing progress here. That growth rate…oh my goodness. I love the pictures as well and the results of your garden. Feel free to send some extra vegetables my way haha

    Bert

    • Rob says:

      Hey Bert

      haha thanks man! Glad you like the pics, unfortunately all those vegetables were someone else’s harvest!

      cheers man

  12. GYM says:

    Your YoY is stellar!! Mmm cherry tomatoes! Glad the weather over there has been nice 🙂
    GYM recently posted…What a #YOLO Trip Looks Like for Inherently Frugal People: Stanley Cup Finals in VegasMy Profile

  13. Hi Rob. Those YoY comparisons have been superb to start 2018… nice work! You must have been very busy investing last year.
    Gotta love those 4 dividend raises as well. I don’t think there’s a better way to boost future dividend income.
    Enjoy and nice weather and the upcoming camping…. always nice to get out of the house after a long winter.

    • Rob says:

      hey Paul

      thanks, yeah definately put alot of money to work last year.

      true, winter was way to long. time to enjoy the outdoors.

      cheers!

  14. Nice report and awesome yoy growth, Rob! Thanks for sharing your numbers. I own a two of the stocks you mentioned – Riocan and PG. There are small positions for now but I plan on adding more. Thanks for the additional ideas for income. Keep it up!

    • Rob says:

      hey Graham

      thanks, got to love both pg and riocan. i keep debating buying more riocan but its already a nice chunk of my portfolio.

      pg i will next year if the price is right!

      cheers man thanks for swinging by

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