December 2018 – Passive Income Update
December 2018 – Passive Income Update
Here we go! The start of another fantastic year. Happy New years to all of you. I hope you all had a wonderful new years with a couple cold beers or whatever you fancy. This is our December 2018 Passive Income Report.
December was yet again a great month. The weather here has actually been pretty mild, but we did have a dash of snow on Christmas to whiten everything. The sickness is gone in our house now, so we did a couple hikes with the dog. Me and my son are playing a lot of super smash bros these days on the nintendo switch. I guess Santa was pretty nice this year. Anyways love the game, and maybe Santa got it partly for himself as well =) Ho Ho Ho!
Raises or Cuts
Might as well start with the bad new first. Altagas cut their dividend by 56%… Big cut but when I really felt they would cut it, it was too late. The price dropped so much that after the cut it currently yields 7%. I have even debated buying more at these prices… I need to keep reminding myself to focus on dividend growth stocks, but the value seems so good at these levels. My holding is less than 1% of my portfolio, so I’ll continue to hold and it really wont hurt the income that much.
Meanwhile the portfolio got a couple nice raises.
- BMO boosted theirs yet again, this time by 4%. MMMMM……
- National Bank followed suit with a 4.8% raise this time, got to love these Canadian banks!
- Enbridge came through as promised, tossing everyone a extra 10%!
This is huge considering they are my biggest holding by far. The raise alone was over $90 in forward income and pushed our yearly dividends from Enbridge over 1000 bucks now, Just crazy! But also reminds me I really need to cut this position down in size a bit. Love the company, its just too big of a holding of mine.
15 Companies paid us this month.
|Stocks||Dec 2017 Income||Dec 2018 Income|
|Canadian National Railway||14.85||28.21|
|Richie Bros Auctions||32.63||sold|
|Hydro One||44.22 (One Drip)||sold|
|Brookfield Renewable||62.66 (One Drip)||89.29 (2 Drip's)|
|Corus Entertainment||9.79||13.32 (3 Drip's)|
|Shaw||29.82 (One Drip)||31.01 (One Drip)|
|Canadian Utilities||N/A||75.51 (2 Drip's)|
|Riocan||37.95 (One Drip)||40.20 (One Drip)|
|Extendicare||15.32 (One Drip)||17.00 (2 Drip's)|
|Enbridge||193.98 (3 Drip's)||238.89 (4 Drip's)|
15 Drips this month. Sweet you got to love these lower prices in the market now!
December 2018 Dividend Total = $624.50 (%13.72 higher yr over yr)
December 2017 Dividend Total =$548.87 (Previous Dividend Income)
Our Drips (Dividend Reinvestment Program) added $26.21 to our yearly forward dividend’s this month.
A 13.72% year over year growth is not massive, but respectable. Selling those stocks in August for the car, hurt these percentage changes, but no regrets!
Private Investment Payment – $500.00
Nothing new here, just our regular monthly payment. (I don’t even have to edit this part every month) Steady Eddy…….
In November our solar panel system generated 138 kWh. A surprisingly low number. Considering we got hammered with snow in mid November and it didn’t go away until December I guess I can’t complain. Since we get paid a fixed rate of 28.8 cents per kilowatt hour Hydro One deposited $39.74 into our chequing account this month. Womp Womp………
System Installed January 2018
Total System Cost ——–$32,396.46
Total Income Received ——–$2515.96
Amount to Breakeven —- $-29,880.50
Thanks again to everyone using one of our referral links to amazon to make their purchases over the holidays. Amazon tossed us a cool $12.10. Not a massive chunk of change but that’s like 4-5 tall cans. Party Time!
Total December 2018 – Passive Income – $1176.34
Total Passive Income Increase over last year. – hahaha just over 15 bucks…. Kind of laugh-able.
Not Huge at all, but looking back last December Google deposited over 110 bucks from adsense. These payments make things a little less predictable with year over year comparisons, I guess. Free money though, no complaints here.
Totals For 2018
Dividends Year To Date Total – $5076.33
Other Passive Income Year to date – $8956.87
Total Passive Income for 2018 —– $14033.2
Year End Goal – $15,000 ——–%93.55
December 2018 Purchases/ Sales
In a effort to better diversify our current investment portfolio I decided to trim a bunch of positions that were over 5% of the portfolio and move them into my lower overall sectors. Don’t get me wrong I’m long all these stocks. (besides the etf) I sold the etf because it was in our rrsp account and id rather have a solid healthcare dividend stock with no management fees to boot!
- 15 shares of Td bank
- All our zdy etf holdings
- 100 shares of Riocan
- 111 shares of Transcontinential
- 197 shares of Dream Global Reit
- 34 Shares of Abbvie
You can read about all these moves, in this post. Overall, I think the recent moves makes my portfolio better for the long run.
It really shows you how beneficial doing these kinda of monthly posts are. I honestly thought we have been killing it in these quarter ending months, but yet the increase year over year is very minor. At least, in this regard. I know I have been focusing more on improving the other 2 months though.
Overall the growth as a whole has been very good, and I learned a lot of lessons this year. Luckily both my dividend cuts were small holdings. If I recall right Dave Ramsey called these mistakes stupid tax… Haha!
While we didn’t hit our overall goal this year, it was pretty dam close and I’m proud of how we are doing. Last year we ended up bringing in $6,328.41 in passive income, which was way more than I thought we would.
Here we are a year later and we brought in $14,033.21.
A year over year increase of %121.74.
If you look at it this way, man that’s pretty dam good! How quickly that smile can come back. haha… While I highly doubt these growth rates will continue, I’ve been wrong before.
As always the funds just get put back to work to strengthen our dividend portfolio.
Id like to end this by just saying thanks to all of you. This community rocks! As a whole we continue to get better, which is evident by the dividend diplomats monthly wrap-ups. I love the comments, suggestions, encouragement and knowledge we all bring to the table. Don’t forget to give yourself props once in awhile.
A special shout out to AllIncomeStream for pointing out how broken my site was after I tried changing the theme up. It looked fine on my end and for some people. But clearly for a lot of people they couldn’t see anything. I noticed the lower traffic, but had no clue why. I’m glad you and other reader’s notify me when they see a issue.
This Bud’s for all of you! Thanks for a great 2018.
Cheers to 2019!
How was your December? Or better yet how was your 2018?
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.