April 2021 Passive Income – 36.13% Dividend Growth

April 2021 Passive Income

• 3 Dividend Raises
• 3 sources of passive Income
• $819.93 from dividends
• 14 stocks dripped in April

Hey hey hey!

Finally we see big tech starting to pull back and money going into value stocks. While that’s great, it also means deals are even harder to find. Luckily there is always something to buy though. We also tend to see more and more articles about how the market is about to crash blah blah blah. It’s always the same story right? If I was a pure growth investor this maybe would concern me as I wanna sell at the top, but with dividends its cash flow and lower prices mean more drips. Bring it on if it happens.

Covid Life

We have been in basically a solid lock down since November now. On and off since last April. Every time they say it will only be 3 weeks and then add another 3 weeks etc etc. Case numbers have barely even dropped since the winter. Imagine if they said in November, we are going to lock you all down until Early June at the earliest? Would things have went differently?

Let’s be completely honest. Nothing is based on facts or science now…. Golfing is banned, fishing is debatable, boat launches closed, tennis is banned schools closed etc etc. They even tried to ban kids playing at playgrounds but took that back once people went crazy. Show us some tests that prove these outings are spreading covid…

Vaccines are picking up but its still a total mess. People who got their first dose of astrazeneca don’t even know what they will get for their 2nd. There is even talks about their 2nd dose being pfizer or moderna.. I’m not a doctor by any means, but mixing 2 different kinds of drugs sounds like a bad idea to me. (Canada says it will now stop administering Astrazeneca due to blood clots. Remember when they said they were good when lots of other country’s stopped giving them due to blood clots?)

But hey here in Canada you can get your first dose of whatever is available and then in 4 months you can most likely get your second, even though pfiser suggests the 2nd dose 29 days later..

Personally I’m waiting for once the shots are readily available and I can get my 2nd dosage in a reasonable time frame. I’m actually a little worried for my wife to get her 2nd dosage from pfiser. 4 months in between, how will she react to a higher dosage?

That’s my covid rant of the month. Just remember we only got 1 life, go out and live it as best as you can. There are so many studies about all the negative impacts on both adults and kids with these lock downs and yet none showing playing golf (I don’t even play) contributes to the covid case numbers.

Life Highlights of the month

• Hit 189 pounds. I was 211 in early March. Diet is massive, carbs are bad. Heard it all before, but this time I listened.
• Got a amazing fish aquarium light. Blue tooth and you can change the led settings. But the coolest thing about it – You can set your times to run it and it slowly starts up and shuts down. Basically you get sunsets and sundowns now. Also got cloud functions. Super realistic and I think the fish love it. =)
• Bought the kids a pretty sweet playground. We have been shopping for them for awhile but they always sell out or go fast. We saw a couple on kijii but they were pretty beat up for the prices these days. Haven’t got it yet but this weekend will probably be setting it up.
• Went Fishing for trout. Caught that brown in the picture and lost a pretty solid rainbow

Alright, Let’s Get To Our April 2021 Passive Income

Raises or Cuts

• pg 10% raise adds – $7.62
• jnj raise 5% adds – $8.60
• ibm .6% raise adds – $1.12

Ibm with a tiny raise, but a decent quarter. Still waiting for the turnaround to happen. Jnj was nice but boy oh boy did PG come through. That 10% increase was huge and just makes me want to grow that position moving forward.

 

Total Added Income from Dividend Raises in 2021 – $92.38

April 2021 Dividend Income

14 Companies paid us this month.

Stocks	April 2020 Income	April 2021 Income
Restaurant Brands	33.75	73.98
Nutrien	30.64	27.77
Altagas	2.40	sold
Couche Tard	0	5.95
Inter Pipeline	29.36 (2 Drips)	8.32
Riocan	30.12 (1 Drip)	sold
Extendicare	18.24 (3 Drips)	sold
Cisco	48.24 (1 Drip)	51.06
Transcontinental	26.10 (2 Drips)	27.23 (1 Drip)
TD Bank	98.75 (1 Drip)	101.91 (1 Drip)
BNS	88.2 (1 Drip)	91.80 (1 Drip)
Smart Centers	24.36 (1 Drip)	26.05
Rit Etf	0	64.53 (3 Drips)
Tc Energy	0	114.84 (1 Drip)
Bell Canada	72.43 (1 Drip)	79.63 (1 Drip)
Telus	57.09 (2 Drips)	79.98 (3 Drips)
Algonquin Power	42.53 (2 Drips)	66.08 (3 Drips)
Totals	602.21	819.83

14 stocks Dripped in April – woot woot!

First time breaking that 800 mark! Sweet… Lots of companies this month dripping, while a couple have ran up in price and unfortunately didn’t get dripped. I guess that’s a good problem to have. Overall the income grew by 36.13% compared to last year. Fantastic stuff. These month’s definitely are now the highest income months and with recent purchases will continue to grow moving forward.

If your interested check out our Previous Dividend Income Reports.

Our Drips (Dividend Reinvestment Program) added $20.06 to our yearly forward dividend’s this month.

 

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Other Income

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…….

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Solar Panel Income

In March (We always get paid a month later) our solar panel system generated 1,050 kWh. Since we bring in a fixed rate of 28.8 cents per kilowatt hour, Hydro One deposited $302.40 into our chequing account this month.

Last March the system generated $200.16. A huge gain and shows just how nice March was. April wasn’t unfortunately.

Total Income for 2021 – $447.55

System Installed January 2018

Total System Cost ——–$32,396.46

Total Income Received ——–$7,934.36

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Amount to Break even —- $-24,462.1

 

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Total April 2021 Passive Income – $ 1,622.33

April 2020 Passive Income – $1,298.91

Total Passive Income Increase over last year. – $323.42

A huge growth rate overall. Stick to the plan and the total grows.

Totals For 2021

Dividends Year To Date Total – $2,696.64
Other Passive Income Year to date – $2,863.01
Total Passive Income for 2020 —– $5,559.65
Year End Goal – $17,390.71 ——– %31.96

A nice overall boost, but still behind of the goal if we look at it monthly. We should be getting 8.3% a month and with 4 months done we should be at 33.33%. Time to get cracking and boost that income!

 

April 2021 Purchases

After seeing us missing out on the drip program with smart centres for 2 months now, it was time to get it back. We added to that position earlier this month.

• 40 shares adds $74.01

Algonquin Power continues to drop in price and we gladly grew our position at these prices.

• 61 shares adds $39.70 usd (more if you include the recent raise =)

In total we added $113.71 to that forward income with new purchases last month.

 

Financial Goals Update

Charities

• We continue to make our monthly donation of 75 bucks to The Nature Conservancy of Canada

Increase Dividends by $1,680.19 this year. (bringing our forward income from dividends to $8,329.13 a year)

• With New Purchases, Drips, and Dividend Raises we continued to grow the size of our dividend Portfolio. Total increased so far in 2021 is $437.95. 26.06% of our goal.

 

Etf Monthly Minimum Purchase of $250

• This month we added 10 more units of xaw etf.
• 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.

April 2021 Passive Income Conclusion

Overall a great month. Its fantastic to set new records and just watch the compounding taking over. New capital, drips and raises is a powerful trio.

cheers!

How are you doing both with your passive income sources and how are things with covid where you live?

“People Begin to Become successful the minute they decide to be” – Harvey Mackay