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.
18 Companies paid us this month.
|Stocks||June 2017 Income||June 2018 Income|
|Auto Property Reit||3.62|
|Canadian National Railway||28.21|
|Richie Bros Auctions||33.70|
|Canadian Utility's||60.57 (One Drip)|
|Brookfield Renewable||64.37||67.25 (One Drip)|
|Riocan||7.05||39.48 (One Drip)|
|Extendicare||3.12||16.52 (2 Drip's)|
|Enbridge||22.57||233.50 (4 Drip's)|
|Shaw||2.17||30.42 (1 Drip)|
|Corus Entertainment||9.79||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 dividend’s this month.
Private Investment Payment – $500.00
Solar Panel Income – $386.78
Total June 2018 – Passive Income – $1508.06
Total Passive Income Increase over last year. – 887%
Totals For 2018
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
May 2018 Purchases
- 32 Shares In Telus
- 13 Shares In Bank of Nova Scotia
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!
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 by clicking the Social Media links below or subscribing to get notified of new posts on the sidebar.