August 2017 Passive Income
August 2017 Passive Income Report
Hey
Wow so its September already. Wtf? seriously where did summer go? Its getting cooler out and I am actually debating closing the pool already. August was another wonderful month. Had some wedding type birthday parties and busted out the curls. A couple of kids camping nights at our place. We swapped places with the sis in law and stayed in her condo in downtown Toronto for a weekend, went to the ex. Saw Elvis Stoyko figure skate. Canada what? Went to wonderland again and did some more projects around the house. This is the last long weekend before the kid starts school so that’s exciting. Also another good month of dividend’s. Another day another dollar………
New Goal!
I thought creating a goal of $2000 in passive income for 2017 was a great goal. It was roughly 4x higher than last years dividend income. Clearly I didn’t set my goal high enough. This month we flew past that goal. Sniped it, bar down. I have now set the goal of $5500 in passive income for 2017. 11 times what we earned in 2016!
Dividend Income
13 Companies paid us this month.
- Potash —————- 18.82
- National Bank ——– 20.88
- Shaw —————— 12.05
- Corus —————– 9.79
- zdy etf —————– 7.56
- Riocan —————– 18.80
- Auto Propertys ——— 3.62
- Boardwalk Reit ———-5.44
- Altagas —————– 5.25
- Sienna Senior ———– 2.40
- BMO ——————— 5.40
- Extendicare ————-15.16 (One Drip)
- General Mills ———- 61.25 usd(One Drip)
August 2017 Dividend Total = $186.42 (%169.66 higher yr over yr)
August 2016 Dividend Total = $69.13 (Previous Dividend Income)
Other Income
Private Investment Payment – $500.00
Totals For 2017
Dividends Year To Date Total – $853.99
Other Passive Income Year to date – $ 1,750.00
Total Passive Gains for 2017 —– $2603.99
Year End Goal – $2000.00 ——–%100 (75% of year over @ end of August)
New Year End Goal created end of August – $5500 (47.34% to new goal)
Our net worth basically stayed flat this month. We also made our 2nd payment to the solar panel project!
August Passive Income Purchases
This month just like June we continued to put a lot of cash to use.
We bought
- 18 Shares of IBM
- 89 Shares of Boardwalk Reit
- 80 Shares of Cineplex
- 60 Shares of Riocan (no post about purchase bought to hopefully drip a stock)
These purchases will continue to diversify and increase our dividend portfolio.
How was your income? Another record? Seems like a lot of you are just killing it. Maybe we need those tear tattoo’s?
Beers & Cheers!
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.
Great numbers 🙂 Congrats on achieving your passive income goal. Look forward to seeing how you do the rest of the year.
Thanks alot Matt! It’s a fun ride that’s for sure.
Excellent month! Congrats on achieving your goal! Keep up the good work! 🙂
Thanks alot dynasty. You as well!
Congrats on the month. Dividend Growth Investing starts off slow, then it will take off.
hey pursuit ain’t that the truth, I can see it working its magic now! cheers
Great report PCI. BTW, I think you referred to July numbers in your post when you meant August. I could be wrong though. In any case, it’s great you surpassed your 2017 goal already. Awesome feeling isn’t it. The same thing happened to me earlier about a month or two ago.
Looking forward to seeing what September has in store for you.
hey Port, thanks alot for that. I cut and paste my reports now and just edit the info, while the numbers were August I didn’t change July dividends to august dividends in the heading. Good eye thanks!
Awesome job. Looks like your passive income is on pace for some awesome numbers. Lots of good companies paying you.
Woot woot thanks Doug!
It’s great to see your passive income increase by a sizeable amount over the previous year. Since you are tallying the numbers on a monthly basis, take the extra step and add in some tax planning on top of it. With a great tax plan, you can get some passive income in terms of a tax refund too.
Hey leo thanks. Right now all our investments are tax free or tax defferred atm. I got to meet with a tax guy and figure what else we can do. Especially once we get the solar panels. Cheers
Don’t remind me that it’s Sept. already. Time flies, baby DivHut grows up so fast and we’re getting older. At least being a DGI means we’re taking advantage of all that fast passive time. Great showing for the month of August. Keep up the good work and putting up solid year over year gains. Love seeing the buying continue as well. Thanks for sharing.
Woot thanks Div. Just made another big purchase!
Well done on crushing your goals for 2017 – and still 4 months togo. Wow. Keep those dividends coming! And thanks for sharing your progress.
Hey Jay thanks alot!
You are killing it this year! That new goal is crazy. And even crazier is what you have already accomplished this year and that you are still on track to achieve the new goal! Congrats! Glad you were able to get out and enjoy the month as well. It was a big vacation month for me too. Also, big fan of the hockey reference haha. Your diversified passive income streams seem to be working out well for you. Keep up the great work!
Haha thanks daze! You seem to be the only one who gets them. (My references) what did u do for vacation? Yeah this passive income is even surprising me!
The numbers look great! And buying Cineplex would be clutch. I know their stock price corrected, and I was contemplating to buy a few myself…
Hey thanks personal. I was a little worried it would keep falling but im up at the moment =)
Just insane numbers right here. That growth rate….HOLY SMOKES. And guess what, your purchases and hard work will continue to fuel future growth rates and success. Keep up the great work PCI. BTW, love the mustache. Jealous I can’t grow one of those haha
Bert
haha Thanks Bert, The moustache comes and go’s. It actually gets kinda annoying when the sides get that long when I smile. haha Thanks for the support!
fantastic work, have you ever thought about diversifying into the Australian market, plenty of winners there. Cheers
Hey bhl. Right now im maxing my tfsa and its generally canadian compankes for that to be tax free. Ultimately i would eventually like to be like dividend hawk and have hid portfolio. (All over the world portfolio)
Great update! I have some of the names in my portfolio as well. Will look closer at CGX.
Hey income thanks. Cineplex has recovered a bit still cheaper than it was. Next quarter might not be tooo impressive as well and then star wars!
Great month! I’m always impressed by the diversity of dividend payers. We share none of the same stocks that pay in August. But, it looks like we are both shareholders of a few of the same, including IBM and Cisco.
Way to go beating your annual goal! It is only September so you’ll crush it. Next year you’ll have to make that goal even more difficult.
Hey two thanks! I thought this would of been hard but with the refinance it boosted it a tonne. Next year will be different wifes on mat leave and income will be drastically slashed.