June 2018 – Passive Income Update

June 2018 – Passive Income Update

Happy Canada Day!

It’s July 2nd and time continues to fly by. We just arrived back from Camping at Rondeau provincial park. It was a nice park, but unfortunately there is a big tick epidemic there especially the black legged ticks. (which can host lyme disease)

Our friends found a tick on their dog the first day so I didn’t really go down the walking trails with our dog, stuck to the roads. The beach and visitor park were nice though. The past weekend the weather was sitting around 45 degrees with humidity, so things were sticky to say the least. Ahhh well good times with friends anyways.

No Raises – One Cut

June didn’t bring about any dividend raises for my portfolio but sadly Corus Entertainment announced their dividend cut. Its a big one. 79% and go’s from monthly to quarterly starting in September. We all knew a cut would be coming but I thought max 50%.

I’m down about 60% on my holding of them. I’ll continue to hold them as I actually think they are way to cheap now! Corus dominates the radio here and I couldn’t imagine the radio without them. I honestly might even double my position if the price keeps dropping. (They did beat analyst expectations for earnings last quarter)

I know this wouldn’t be a dividend growth move, but their current yield after the cut is north of 5% and the dividend payout ratio is only 19%. They are going to focus on hammering out their debt. I think the stock price will rebound nicely once the noise settles.

January 2018 - Passive Income

Dividend Income

18 Companies paid us this month.

StocksJune 2017 IncomeJune 2018 Income
Totals152.70621.28
IBM28.26 usd
Russell Metals17.4817.48
Auto Property Reit3.62
Altagas5.255.48
Sienna Senior2.402.40
Highliner Foods21.75
Canadian National Railway28.21
Manulife6.156.60
ZDY Etf3.297.67
Richie Bros Auctions33.70
Boardwalk Reit5.442.42
Canadian Utility's60.57 (One Drip)
Brookfield Renewable64.37 67.25 (One Drip)
Riocan7.05 39.48 (One Drip)
Extendicare3.1216.52 (2 Drip's)
Enbridge22.57 233.50 (4 Drip's)
Shaw2.1730.42 (1 Drip)
Corus Entertainment9.79 19.57 (3 Drip's)

A new record! Man this is fantastic to just continue seeing new highs. $600 is a nice amount of money. The snowball is growing. I also decided to change my table showing last years incomes because of the community. I loved looking at other bloggers tables comparing the years and decided to follow suit. Thanks everyone!

June 2018 Dividend Total = $621.28 (%306.86 higher yr over yr)

June 2017 Dividend Total = $152.70 (Previous Dividend Income)

Our Drips (Dividend Reinvestment Program) added $18.57 to our yearly forward dividendโ€™s this month.

June 2018 - Passive Income Update

Other Income

Private Investment Payment – $500.00

Solar Panel Income – $386.78

Total June 2018 – Passive Income – $1508.06

Total Passive Income Increase over last year. โ€“ 887%

Totals For 2018
June 2018 - Passive Income Update

Dividends Year To Date Total – $2457.49
Other Passive Income Year to date – $4345.64
Total Passive Income for 2018 —– $6803.13
Year End Goal – $15,000 ——–%45.35

 




January 2018 - Passive Income

May 2018 Purchases
Conclusion

Well I can clearly say June was a great month. Lots of great times with Family and Friends. The leafs signed Tavares. A monster dividend month for me. The solar panels produced a nice income and our overall passive income broke the $1,500 mark. That is absolutely huge, its mind boggling to me to see the growth over the last year, Anyone can do it.

I also learned the $1,500 mark actually impresses my wife. Normally she makes some comment that it’s good but she cant retire etc etc, Now shes like wow! haha

How did you do last month? Seems like everyone is setting new records, gotta love it!

Cheers

You may also like...

46 Responses

  1. Rob,

    Congrats on the new record. Glad to be a fellow shareholder of BNS, who should raise their dividend within in a few months. Telus should be a great holding for as well.

    Unfortunate that Chorus cut their dividend and by that much. Hopefully, they can turn things around. I have had my share of dividend / distributions cuts.

    I surpassed $500.00 for the first time with my blog portfolio.

    • Rob says:

      hey Pursuit

      Yeah I saw you passed the 500$ mark, that is awesome!

      Just got my payment from telus, should be dripping one this quarter. Always love that.

      i have faith Corus will bounce back

      cheers man!

  2. Congrats on a record breaking month! You total passive income is enormous! Keep up the great work! ๐Ÿ˜€
    My Dividend Dynasty recently posted…June 2018 Dividend IncomeMy Profile

  3. Congrats man – looks like a bunch of people were breaking records this month! Sounds like you had a great Long Weekend (we just got back from the cabin as well).
    Corus is a tough one…Are you sure the payout ratio is only 19% after the cut? For some reason I thought they were in a way worse position – ill have to go over the financials again.

    Hoping to post my June #’s tomorrow…I broke some records too. ๐Ÿ™‚
    Jordan @ moneymaaster.com recently posted…Better know a Blogger: Matthew from All About The DividendsMy Profile

    • Rob says:

      hey Jordan

      hmmm you got me questioning it but im pretty sure I saw that somewhere reading about corus.

      Yeah it was a great long weekend, lol could of been a little cooler sleeping in the tent though!

      haha look forward to your report!

      cheers

  4. Those dividend cuts are tough. Have endured enough and they are just dividend growth/passive income killers. Glad that beyond that little blip everything is looking up for you Rob….. Tom
    Tom @ Dividends Diverisfy recently posted…Financial Independence DayMy Profile

    • Rob says:

      Hey Tom

      Its the 2nd one ive gotten so far. When boardwalk cut theirs the stock shot up shoetly after. Hopefully the same will happen to corus. No question I saw corus’s cut coming though.

      learning lessons. Ahhh well learn and move on.

      cheers Tom

  5. Crushing the income mate! Too bad the cut happened and it was worse than expected, hold tight and who knows you’ll recover most of the position!

    DI

  6. Hi Rob,

    you are crushing it over there! congrats! – 600$ in dividend income and your solar income is pretty impressive. A substantial amount of cash to work with.. good luck with your Corus position, a cut is never funny, but you’ll find a way to work around it.
    By the way: Germany is out of the World Cup of Soccer and they deserve it, it was horrible to watch;-). I enjoy the other matches though.

    Take care and keep it up!
    DividendSolutions

    • Rob says:

      hry solutions

      thanks man!

      This world cup has been one to remember. So many upsets to say the least!

      Holland didnt make it so I didn’t watch so many games this year, just the odd one poolside.

      cheers man!

  7. Awesome work! Love seeing people post new records. Sucks on the dividend cut, but that happens to everyone from time to time. Will take some time to turn around, but if they are quality like you say they are, it will reward you to wait it out long term. Cheers!

    • Rob says:

      hey Daze

      thanks man. A minor hit in the big picture.

      “I’ll just keep moving along, while singing my song” – Pete The Cat

      cheers

  8. MrSLM says:

    Yeah, this heat is something isn’t it? I love it, but I have the luxury of going to hide in my AC’d house when I’m tired of it.
    MrSLM recently posted…Financial Update – June 2018My Profile

    • Rob says:

      hey Mr

      lol yup its pretty crazy today was 40 the next 2 days will be over 43 degrees with humidity.

      good beach weather though!
      cheers

  9. Amazing result this month, Rob! Your YOY growth is astounding for this amount of income. Great job!

    That’s too bad to hear about the dividend cut. I’ve never experienced one before but I do own some positions that have higher payout ratios. I try to keep those positions small relative to the core positions.

    Hope you had a happy Canada Day weekend! It sure has been hot lately. Thanks for sharing!
    Reverse The Crush recently posted…677% YOY Growth! | Dividend Income Update #13 – June 2018My Profile

    • Rob says:

      hey Graham

      Thanks, its kinda hard to believe sometimes.

      corus is/was a small position of mine.

      The heat is good for waterparks but sucks for landscaping…..

      cheers

  10. GYM says:

    Sorry to hear that Corus’ dividend got cut- never a good feeling. I know when HSE’s dividend got slashed I felt like crap for a few years. haha. Now it’s back!

    Great job on the YoY amazing stuff!!! And you also set a record!! My YTD dividend yield is just over $3000 but this month I didn’t set a record. Last year I did though! Think I have some late straggler payments for June.
    GYM recently posted…7 Ways to Save Money on Gas: Pay Less at the PumpMy Profile

    • Rob says:

      hey Gym

      lol I did feel crappy for a bit, but its all good longterm. Glad yours worked out for ya.

      3k in dividends already this year is great, im sure you will set some mew records in no time.

      keep it up
      cheers

  11. June was another great month for you. A 306.86% growth rate YoY is fantastic! I really like your buy of BNS. itโ€™s a steady deliverer. Too bad you got a dividend cut. Sometimes these things happen, hopefully management gets its right now. Good luck with July!

    • Rob says:

      hey Compound!

      Yeah the growth has been very impressive. The cut will dig in a bit but long term its a good move for corus.

      cheers

  12. Nathan says:

    Nice work. I love seeing all of the DRIP action happening in your portfolio. Slow and steady my friend.

  13. Killin’ it Rob, keep up the great work my freind!
    Buy, Hold Long recently posted…I Challenge You!My Profile

  14. It sucks about the dividend cut, but WOW, Congrats on the record-setting month Rob. 18 companies paying you dividends and getting over that $600 mark is huge.

  15. Leo T. Ly says:

    The second quarter is definitely a better performing quarter than the first. My portfolio was able to recover all of my losses during the first quarter and now I am back on track to increase my net worth by 10% for the year. Let’s hope that the market cooperates for the second half of the year.
    Leo T. Ly recently posted…Stacking The Discounts On Your PC Optimum Points To Maximize Your Grocery SavingsMy Profile

    • Rob says:

      Hey Leo.

      I think you can!

      I dunno if I like higher prices. Means less drips! Makes you feel better about your buys though.

      cheers

  16. Caroline says:

    Great job Rob!
    I set a record this month too, my report should be out soon:)
    Unfortunately, due to Corus’ dividend cut, I may not beat this number for a while:(
    Caroline recently posted…What If Frugality Is Not In Your DNA?My Profile

  17. DivHut says:

    The records keep coming in. Congrats on hitting a new milestone. It looks like your wife got on board the DGI/passive income train too with that $1500 total. Bringing income in passively is the thing to do no matter if it’s from dividends, solar or whatever. Keep it up!

    • Rob says:

      hey hut.

      For sure its great to see so many people setting new records. Shows that dividend investing works.

      cheers man

  18. Hey Rob.
    Love that YoY growth… outstanding. Congrats on breaking the $600 mark, too. Nice results even in the presence of that dividend cut. As you show, a strong portfolio can weather an occasional setback with one of the holdings.
    Your anecdote about your wife getting impressed with the passive income progress given the ever-improving numbers is awesome. Keep it up… your income growth in 2018 has truly been terrific.
    Engineering Dividends recently posted…Mid-Year Review of 2018 Portfolio GoalsMy Profile

    • Rob says:

      hey Paul

      Thanks alot! and great that you liked the wifes comment.

      slowly but surely it grows. cuts hurt and slows the momentum but it got to keep growing.

      cheers

  19. Congrats mate! Your dividend growth is spectacular. Add a pie chart to show off your passive income sources ๐Ÿ™‚
    dividendgeek recently posted…2018 Q2 / (April โ€“ June) Dividend ReportMy Profile

  20. Tawcan says:

    Congrats on the new record. We used to hold Corus but decided to close that position. Yes it still dominates in radio but it’s the radio business is getting tougher with online streaming becoming more popular. Definitely keep a close eye on Corus.

    • Rob says:

      hey Bob

      thanks man.

      I actually remember you selling your position I should of followed suit.

      Ill keep an eye on them but expect the share price to rebound with all this cashflow they will now have.

      cheers man!

  21. Nice month, congrats on setting a new high! Way to crush your June 2017 totals, that year-over-year improvement is awesome! Glad to see we also share to common holds (IBM, ENB). Keep it up!

    Best wishes and continued success on your journey! AFFJ

    • Rob says:

      hey Frugal

      Thanks alot. Glad to see a fellow ibm shareholder. We seem to be a rare breed among the dgi community!

      cheers!

  22. That’s good to read Rob, thanks for the heads up to. That’s so encouraging to let people know, not only they have depended on their salary. People must find other means to increase their income!

Leave a Reply

Your email address will not be published. Required fields are marked *

CommentLuv badge

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: