April 2020 Passive Income Report – $1,298.91
It’s time for the April 2020 Passive Income Report exciting stuff..
First off sorry for the missed post last week, they say you should be consistent but last week was busy and I really didn’t feel like writing. We got the go ahead to start working again but with a lot of restrictions. Unforetuantely now we can only work 1 day a week. We were allowed to do property cleanups and cut grass. No mulching, no construction, no sprinklers etc etc etc. Well now that all the property cleanups are done its just 1 day of grass cutting a week. (We do mostly landscape construction)
This covid situation is frustrating to say the least. Everyone is getting stir crazy. It was nice to see a bit of normal working for a week and a half.. Always love seeing the clients as well. I’ve known some for about 20 years now…
I have ordered a bunch of more wood to work on our deck and a lot of plants for the new gardens, I guess I’m in the que. Its been 3 days.. Remember the times when you could just go get stuff? oh those were the days….. My sons been talking about a pond or stream. I have been contemplating bringing the excavator here and just starting to dig. Got to keep busy right?
I’ve been trying to buy a used rowing machine but throwing the odd offer out but it gets denied and the item gets sold. The rowing machine market is hot at the moment. I need to bite the bullet though and get one. The wife loves baking.
The market is rallying like crazy. Most earnings reports have been pretty good though. Personally I keep contemplating selling off, with the market back up can we really say times are comparable to last year? Massive layoffs, businesses closed down, a restart that may be too soon and we see a second wave? I think it will take a bit to get the economy rolling again and lets be honest employers may not be able to hire back all their staff immediately.
At the same time if I did sell off in March I’m sure I would of missed this rally back, fighting the fed is a bad idea. I just have a feeling q2/ q3 are going to be a disaster for a lot of companies. Are these earnings already priced in? I dunno… Tech will benefit and this is a area I need to increase overall in the portfolio.
The great debate right? Anyways lets get to the money.
Raises or Cuts
After last month’s disappointing dividend cut from IPL I thought there may be more coming. Luckily our portfolio didn’t experience any cuts in April. We did get 3 raises though! The Kings came through and a new aristocrat was born.
- JNJ – Boosted their dividend by 6.3% adding an additional $3.12 to that forward income
- PG – Followed suit with a 6% raise. Higher than I was expecting which was nice. This added $4.30
- IBM – A tiny .6% raise, but one that makes them a aristocrat with 25 years of raises! This added $1.12
Total Added Income from Dividend Raises in 2020 – $98.59
Dividend Cuts Reduced Dividends in 2020 by $250.88
14 Companies paid us this month.
|Stocks||April 2019 Income||April 2020 Income|
|Dream Global Reit||20.47 (1 Drip)||Bought Out|
|Shaw||31.40 (1 Drip)||sold|
|Cisco||46.90 usd||48.24 (1 Drip)|
|Transcontinental||24.64 (1 Drip)||26.10 (2 Drips)|
|TD Bank||89.54 (1 Drip)||98.75 (1 Drip)|
|BNS||81.78 (1 Drip)||88.2 (1 Drip)|
|Smart Centers||0||24.36 (1 Drip)|
|Riocan||28.68 ( 1 Drip)||30.12 (1 Drip)|
|Extendicare||17.32 (2 Drips)||18.24 (3 Drips)|
|Inter Pipeline||27.50 (1 Drip)||29.36 (2 Drips)|
|Bell Canada||0||72.43 (1 Drip)|
|Telus||51.23 (1 Drip)||57.09 (2 Drips)|
|Algonquin Power||35.72 (2 Drips)||42.53 (2 Drips)|
17 stocks Dripped in March.
Another positive year over year increase. 23.37% growth, Very nice! A lot more drips at those lower prices as well. With our recent purchase of Telus and all these drips the growth should continue. These months may surpass those quarter ending months soon enough.
If your interested check out our Previous Dividend Income Reports.
Our Drips (Dividend Reinvestment Program) added $22.47 to our yearly forward dividend’s this month.
Trailing 12 Month Return
I’m posting this before rbc updates our results, I’ll update it within the next week.
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 March (We always get paid a month later) our solar panel system generated 683 kWh. Since we bring in a fixed rate of 28.8 cents per kilowatt hour, Hydro One deposited $196.70 into our chequing account this month.
Last March the system generated $200.16, so we are slightly under. Pretty close though!
Total Income for 2020 – $346.46
System Installed January 2018
Total System Cost ——–$32,396.46
Total Income Received ——–$5,315.87
Amount to Break even —- $-27,080.59
Total April 2020 Passive Income – $ 1,298.91
April 2019 Passive Income – $1,188.27
Total Passive Income Increase over last year. – $110.64
Sweet! 110 bucks more than last year? I’ll take it. In times like this, it’s great to see things still progressing. We work less, but the passive income works harder.
Totals For 2020
Dividends Year To Date Total – $1,569.38
Other Passive Income Year to date – $2,745.38
Total Passive Income for 2020 —– $4,314.76
Year End Goal – $17,200 ——– %25.08
Que Matthew Mcconaughey – Those are rookie numbers, you need to pump those numbers up. haha jk. A little behind but lots of time to make up for it.
April 2020 Purchases
As I stated earlier I feel the market is a little ahead of itself right now so we only made one purchase and starting saving cash for the next dip.
We added an additional 50 shares of Telus to the portfolio in April. I feel telcos will benefit in this environment and after this recent stock split the additional shares will bump their drip up to 3 shares quarterly. You know we love the drips around here right? Anyways you can read about that purchase here.
Read 3 Books I normally Wouldn’t Consider
- I’m continuing to read – Why we sleep by Matthew Walker. I have lost a little interest in this book and read it once and awhile. I started reading rich dad poor dad again. It’s been awhile since I last read them, so its made me think again.
Go 3 Times and Pick Up Garbage
- Beaches are closed, so I can’t go make a trip of it. I did pick up a full bag of garbage while walking the dog this month though. Feels good to clean the place up. I hate seeing garbage in the middle of the forest. Nature deserves better.
- We continue to make our monthly donation of 75 bucks to The Nature Conservancy of Canada
Increase Dividends by $1,713.42 this year. (bringing our forward income from dividends to $7,500 a year)
- With New Purchases, Drips and Dividend Raises this month we added $94.27 to our dividend Portfolio. Total increased so far in 2020 is $576.55. 33.64% of our goal.
Etf Monthly Purchase of $250
- We added 10 more shares of xaw etf this month for roughly 250 bucks in our questrade account. Questrade* is great because it offers free etf trades and cheaper stock trading options than most Canadian brokers. $250.00 a month would kill us if we needed to pay high trading fees.
- * Note the questrade link is a affiliate link and at no additional cost to you, I would get a little payment if you were to sign up. You could get $50 in free trades by using my link though.
- Pfft… I’ll be honest. I got fatter. haha. My schedule has been shot this month. I can make excuses but really excuses only matter to the people making them. I failed. I have been trying to buy a rowing machine though, but that market must be so hot right now. They sell so fast and I ain’t paying retail.
- Nope….. Wife watches baking shows and then bakes. I eat. rinse and repeat. Room for improvement here. We are looking into buying meat in bulk from local farmers. Does that count?
Well that concludes our April 2020 passive income report. These posts are always nice to write up. Slowly but surely the income grows. We are blessed to be where we are. The passive income certainly helps in times like this. Unforetuantely times aren’t so bright for a lot of people. Businesses will go bankrupt, people will lose their jobs, houses and even loved ones. We will make it through this though, the world will be different after. I hope this open’s peoples eye’s and they start to handle their finance’s a little better.
As always I don’t write these posts to brag, but to keep me on track and hopefully motivate others that yes it can be done. Don’t hate on the rich because you aren’t. Pay yourself first, invest it in some sort of cash flow producing asset and watch it grow. Your future self will thank you and wealth will most likely follow.
Wish you all nothing but the best, stay healthy and enjoy the moments with your family. We don’t normally get this much time together. Of course not every moment is sunshine and rainbows but most of them are
How are things for you? Are you working still? Buying any stocks?
I Always Appreciate Your Comments.
“Never Discourage someone who continually makes progress, no matter how slow” – Plato
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.
I missed the Telus additional shares purchase. Nice! I’ve been eyeing that one lately too.
Congrats on getting fatter too. haha
P.S. Just one comment on your comment “Don’t hate on the rich because you aren’t”
While I agree, you shouldn’t hate on the uber rich for being uber rich….i think its okay to hate on the societal structures we have in place that allow certain individuals to become uber rich. Don’t get me wrong, I have no problem with millionaires…..but the fact we have people worth 30-40-50+ BILLION dollars, while at the same time have people without clean drinking water, health insurance, etc…that’s where I see the problem. I also think most people don’t realize the difference between a millionaire and a guy worth 20 billion dollars…haha
Just my 2 cents.
Congrats on getting fatter too – Haha I for real laughed out loud..
Telus seems like a good value at the moment. Great points there is a point where people do have too much. You see people like Gates bettering humanity with his money while Bezo’s doesn’t do much and pays barely anything in taxes.
The system has flaws for sure, but what do you do? Tax people higher rates at 1 billion? Then they leave and go to a Country who doesn’t tax them? I do agree though there is no need for people to be multi billionaires..
Congrats on another 4 digit month! Dividend cuts suck, but is nice to see we received the same raises (PG, JNJ, IBM). Keep up the great work! 🙂
Those raises from pg and jnj in the middle of this Sh!t storm really boost my confidence in them. They are 2 stocks I will be increasing in the future.
Congrats on the great month of passive income. Telus will do well for years to come and I hope to buy more shares in the near future.
I think so too, we love our data.
That’s the argument you hear all the time….but do you really think someone would move to United Arab Emirates or Monaco because they AFTER having their first BILLION dollars, started getting taxed even higher on their second billion? lol
I don’t buy it. Again just my 2 cents.
haha makes sense
Great month and increases in total, which is what matters. I am curious on how your Solar will do this month, starting to see quite a bit of sun today and tomorrow it looks like. Hoping for the best. Lastly, Q2 results will be very bad, in my opinion, the market is acting verrrry strange.
Glad I’m not the only one thinking that. I dont get it at all. The sun is cooking, should be a good month.
Only a little fatter because I’m eating my own cooking lol Congrats on the income boost, mine is down a little in April due to restructuring. Restaurant may reopen soon on a limited basis so it’ll be back to work then.
Nice to hear about the reopening Jim
Restaurants will be a hard industry right now. Restructuring is always a good idea.
all the best jim
You’re back in the game, killing it with a healthy growth rate!!
haha thanks German
Nicely done on the dividend income and nice purchase of Telus. We are doing a lot more baking and eating here at home so that certainly doesn’t help with the weight for me lol. Plus haven’t been swimming at all. The IPL cut hurts, so does the recent SU cut. Och but marching ahead.
I think we ended up over $2,400 in dividend income for April. Not sure, gonna tally it this weekend.
haha wow just incredible Bob love it, Ill check out your report today.
Oil is crazy these days, but yet the prices at the pumps aren’t much cheaper here. Traffic has definately picked up the last couple weeks, so I think we will see prices rise. May have to grow our energy positions in the future, but the tech hole needs to be filled.
It’s impressive to see how far you’ve come in a few years, Rob. Looking at the 2016 bars in the dividend chart, you can barely see them in a few cases. Imagine what you’ll be able to do in another 4-5 years.
Good to see you back on the ‘dividend raise’ saddle again after IPL. Three raises and no cuts for April sounds terrific. Cuts are so prevalent these days that we have to breathe a sigh of relief when they don’t occur. I’ll be happy when that’s over.
Outstanding YoY growth… anything north of 20% is massive in my mind. As for the DRiPs, you almost had all the payers dripping in April… one benefit of the lower prices across the board.
thanks man, I definately love seeing all these drips grow. These charts really show the growth and just motivate us to keep going. Clearly its working and it will be exciting to see where we will be at in 5-10 years.
Those 2 jnj and pg raises in the heat of the pandemic really boosted my confidence in them. They are both relatively small positions and I’m definitely planning on growing them now.
All the best Paul
I first started buying Telus during the financial crisis of 2008. It’s been a nice steady performer since with decent dividend growth Too bad Telus management decided to forgo the usual dividend increase just recently, but obviously times, they have changed. Great stock to have and to hold though.
As for eating cake, I had to give it up a few weeks ago…….again. My tastes buds like it, but unfortunately my body doesn’t. Weight gain along with higher blood pressure.
That’s unfortunate, cake brings out the dutch in me. We love our pastries. The lack of raise was unfortunate but at the same time not a bad move. They generally raise twice a year so it will interesting to see what they do in the latter half of the year. Guidance is 7-10% a year but at this point id be happy with 5.