August 2021 Passive Income – Great Times!

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August 2021 Passive Income

  • 0 Dividend Raises
  • 4 sources of passive Income
  • $322.99 from dividends
  • 5 stocks dripped in August

Hey Hey Hey!

The market just keeps showing green. Its actually a little annoying, show me some red! Haha You know what I’m saying? I’m still in accumulation mode.

Life

 

What a fantastic month. Life really has been incredible lately for us (if we ignore all the covid related news) Its been hot hot hot and we have been doing our best to get out there and enjoy things. Work hard, play hard!

  • We started the month off with a family camping trip to Darlington Provincial park. (there was 21 of us) It wasn’t my favourite park, a little to close to the city. But what it lacked in animals it made up with good conversation and just hanging with the family.
  • The following weekend my parents watched the kids and me and the wife had a kid free weekend at a buddy’s cottage. It was a huge corn hole tournament. Normally Im pretty good, but the beers were cold and flowing nicely. We lost our first 2 games and were knocked out. During the night the hosts hired a band and we had a full force concert. It was incredible, nothing like hearing live music once again. We also hit up the tubes, kayaks, atv’s and brisket.
  • The kids both finished soccer for the season. They both got metals, everyone gets a trophy these days right? My sons games are getting more competitive so its fun to watch, hes pretty good.
  • The wife’s birthday was this month. We went out for Mandarin! Oh yeah we did it, nothing like all you can eat buffet. Got to sit right by the huge saltwater tank and the kiddos had a great time.
  • We capped off the month with another camping trip to yet another new park – Earl Rowe. The place was really nice. Unfortunately the pool was closed for covid and the beach was closed due to ecoli. We still did some fishing, hiking and of course roasting those marshmallows. I think we will try this park out again.

3 out of the 4 weekends we were gone away. Its nice but you also start missing home… haha. September looks to be another great month, the season is short – get out there!

#blessed

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

Raises or Cuts

 

Yet again no raises but I’m thinking Microsoft, General Mills and Lockheed Martin will come through this month.

 

Total Added Income from Dividend Raises in 2021 – $122.74




January 2021 Passive Income

August 2021 Dividend Income

6 Companies paid us this month.

StocksAugust 2020 IncomeAugust 2021 Income
Riocan30.72 (2 Drips)sold
Altagas2.40sold
Interpipeline8.32sold
BMO33.92sold
Extendicare18.72 (3 Drips)sold
Proctor & Gamble18.98 USD20.88
Abbvie82.60 USD91.00 usd
National Bank of Canada25.5641.18
Rit ETF065.34 (3 Drips)
Smart Centers24.98 (1 Drip)32.68 (1 Drip)
General Mills67.13 (1 Drip) USD71.91 (1 Drip) usd
Totals313.33322.99

5 stocks Dripped in August

Obviously these months continue to be our worst. We added to our national bank position recently so that was nice to see this month. Still gonna need a lot more shares to get that one dripping but slowly but surely it will grow.

If your interested check out our Previous Dividend Income Reports.

Our Drips (Dividend Reinvestment Program) added $6.32 to our yearly forward dividend’s this month

august 2021 passive income


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…….


Solar Panel Income

In July (We always get paid a month later) our solar panel system generated 983 kWh. Since we bring in a fixed rate of 28.8 cents per kilowatt hour, Hydro One deposited $283.39 into our chequing account this month.

Last July the system generated $339.55 Another month lower, was this weather or that maple tree? I got to check our solar system app out and see if all the panels are running fine.

Total Income for 2021 – $1,703.80

System Installed January 2018

Total System Cost ——–$32,396.46

Total Income Received ——–$9,190.61

_____________________________________________

Amount to Break even —- $-23,205.85



 


Questrade Affiliate

Thanks to some of you for using our questrade link we received 70 bucks in affiliate income. We continue to use qt for our etf purchases monthly. National Bank recently came out with 0$ commissions so we may move all our accounts over there, but time will tell. Can’t really complain about questrade fees.


Total August 2021 Passive Income – $ 1,176.38

August 2020 Passive Income – $‭ 1,145.39

Total Passive Income Increase over last year. – $30.99

A slight increase is still an increase! Clearly I have been selling off most of our monthly dividend payers and since that money gets allocated to other months, it hurts these ones. All good as long as quarter over quarter continues to grow.

Totals For 2021

Dividends Year To Date Total – $4,990.66
Other Passive Income Year to date – $6,306.73
Total Passive Income for 2021 —– $11,297.39
Year End Goal – $17,390.71 ——– %64.96

We should be getting 8.3% a month and with 8 months done we should be at 66.40%. These months always knock us slightly behind, luckily the other 2 months of the quarter knock us back up. Let’s Go!

Purchases

 

August 2021 Purchases

I didn’t write a post this past month on our most recent purchases but I did continue to grow our portfolio.

Manulife Financial

We bought 75 shares shortly after their recent quarterly earnings. (which were really good)

  • Starting yield of 4.62%
  • Payout ratio of around 40%
  • 5 yr div growth rate 10.90%

I plan on continuing to grow this position. With the market continuing to go green, this stock still seems like a good value.

This purchase added $84.00 to our forward dividend total.

Lockheed Martin

We added another 4 shares to our lmt position.

Let’s be honest the world is a mess at the moment. Especially with what is happening in Afghanistan. Its sad to see. This stock in my view is a great place to be and its continues to be a undervalued wide moat stock. I really don’t see defence spending going down, if anything I could see it going up in this political landscape. They also will most likely announce a decent dividend raise in September. Sweet!

  • Starting yield of 2.90%
  • Payout ratio of around 44.35%
  • 5 yr div growth rate 9.52%

This purchase adds $41.60 in forward dividends.

Xaw Etf

Added 10 more xaw to the portfolio as well.

Adding about $4.06 =)

In total we added $129.66 to that forward income with these new purchases.

 

Financial Goals Update

Charities

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 $879.89 52.36% 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.




August 2021 Passive Income Conclusion

Another great month overall, while the income is lower in these months its slowly climbing up. Surprisingly with all the things we were up to this month we put a decent amount of capital to work. The community as a whole continues to set new records in dividend income. Dividend growth investing is a great way to go. Keep it up everyone!

How was your August? Do anything cool? Buy any stocks?

Cheers

Sometimes your joy is source of your smile, but sometimes, your smile can be the source of your joy – Thich Nhat Hanh

14 Responses

  1. Glad to hear you had an awesome August! Even an “off” month can be a very good (and fun) month. As always, your passive income is very impressive. Keep it up! 🙂

    • Rob says:

      hey dynasty

      Im just trying to make the most of our time before the next “lockdown” haha……. If anything this covid stuff just makes us realize how much we need to get out there and enjoy it. =) Family, Friends and experiences are what life’s all about.

      Your income is just as impressive. Im jealous of your chunky payments. =)
      cheers

  2. Hey Rob,

    Nice update. I love that graph showing how diversified your income streams are. Helps having a few sources, particularly in the lower months (August is a lower one for me, too).

    Great to see you started getting back to some normalcy with a concert with friends. I went last weekend to Mont Tremblant to just generally enjoy the outdoors and it felt great being out and about.

    Take care,
    Ryan

    • Rob says:

      hey Ryan

      Nice man, we actually just came back from a weekend in Montreal. It was fantastic! I have never been to mount tremblant, is it like blue mountain with the sled coasters and mini village?

      Sounds like a great time either way. We gotta get out there and enjoy it, winter is just around the corner……

      Yeah these months aint so good for us Canadians, but the other 2 months are full of great dividend growth companies. Gotta keep growing those divs, so we get more time to just unplug and enjoy the great outdoors!
      cheers Man

  3. Norm says:

    Hey Rob, looks like you had another great month enjoying life! I had to look up corn hole…. wasn’t familiar with that term related to a game… but after consulting google we know it by another name. Camping games are great, easy to get everyone involved and there are a couple that can be played fairly competitively.

    We enjoyed August by getting on a plane for the first time in almost 2 years for a short trip to visit some friends. Felt good flying for vacation again.

    Love the MFC pickup. I’ve got a full MFC position so I’ve started to pick up IFC the last few months, they’ve got a huge market share and lead Canada in their space but the yield is a bit lower than I’d like.

    I forget why you sold BMO, something about drips maybe. Do you ever wish you’d held onto it? I’m looking to add Royal Bank, I’ve got large positions in 5 other banks but zero in Royal.

    • Rob says:

      hey Norm!

      curious what do you know corn hole as? That’s awesome about your trip. where did you go? Our daughter still hasn’t been on a plane, so we have been talking about going away this winter. Maybe somewhere in Canada to keep things simple.

      I plan on growing our mfc position at these prices for sure. Intact is another great company but I love the diversity of mfc. Asia is a great place to be with a population like that!

      Lol with bmo, maybe I regret it because it keeps going up! but at the same time i moved some of those proceeds to national and they have ran as well. At the end of the day I didnt see the need for 4 banks in the portfolio. I rather beef up the 3 I have and possibly even switch bns over to rbc for the wide moat. I think 3 bank holdings, 1 insurance and possibly bam would be a solid footing for our financial holdings.

      Hope you had a fantastic long wkend.
      cheers Norm!

  4. Happy to see things are going well for you and just wanted to comment quick for one standout sentence in your monthly update. Thank-you very much for supporting Nature Conservancy of Canada, they do important work preserving natural places that are so important right now. Cheers

    • Rob says:

      hey Chris

      thanks, They really are doing a lot and always love hearing their updates. I don’t think this green narrative the media likes to talk about is what its all about. Conserving Natural greenspace should be a top priority. That’s what I love about the ncc. Nature needs us as much as we need it.

      cheers man!

  5. May says:

    Hi, Rob, have you ever considered to sell GIS? I have been hold this one for quite a few years and very disappointed at its performance. I sold it in March and switched to MSFT. MSFT is up 30% now.

    • Rob says:

      hey May

      I dunno if you can really compare microsoft and general mills. haha

      Microsoft has been really impressive for sure. I still like general mills and their blue buffalo acquisition and now pet snacks..

      If the market pulls back I’m pretty sure msft will pull back alot more than gis. Food is something we all need and they got some great brands…

      But yeah I agree the stock price has been pretty lackluster.

      Long both. Hope lifes been treating you well May

      cheers!

  6. All 6 dividend payers delivered at least $20. Nice, Rob!
    No dividend raises for you this month, but it seems like September should make up for that.
    Love all your investment this month and that additional forward dividend income boost you got… almost $130!
    Sounds like you had an active and fun August outdoors. More of that planned for September, or sticking at home a little more?

    • Rob says:

      hey Paul thanks.

      The added capital was definitely the highlight when it comes to investing last month. =)

      This month is a lot quieter but at the same time pretty busy.

      We went to Montreal last wkend and me and the wife both have alternative wkend’s we are going away separately. Should be good, but staying home is always nice as well. This weekend really feels like a long wkend. =)

      what about yourself? What have you been up to?
      cheers Paul

  7. PCI –

    You had a fantastic month! I wonder why the solar income was down – does it make sense to you? Hasn’t it been fairly sunny?

    Curious to what you find out!

    Also – you have added a TON of dividend income to that forward total, it’s awesome.

    -Lanny

    • Rob says:

      hey Lanny

      thanks man! I really dont know whats going on with the panels. I checked them out and they all seem to be working perfectly. Since we get paid a month later I dont recall if it was super sunny or if it is indeed this big maple.. I think its grew a couple feet since the install.

      Ahh well what can u do. Dont wanna cut the tree.

      cheers man

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