February 2018 – Passive Income

February 2018 – Passive Income

Oh Man, I love March. The spring weather starts to peak its head. The Ice rink has been taken apart and the hockey has moved onto the road. The landscaper itch, has started and I cant wait to get back at it. We went on a nice hike yesterday and I was amazed to see the swans and tonnes of other birds already. The sun has hit the skin and the white boy transformation begins. (I get pretty dark)

Of course winter pops back up just to F^&k with us. Right now its snowing, we will get between 15-30 cm of snow tonight. ArG! Onto the income……..

4 Stocks decided to Boost their Dividend for me

• Cisco Raised their Dividend by 14%
• Manulife Raised theirs by 7.3%
• Brookfield Renewable Bumped theirs 5%
• Restaurant Brands blew us all away with their 114% dividend Increase!

Dividend Income

15 Companies paid us this month.

February 2018 Dividend Total = $269.51 (%283.69 higher yr over yr)

February 2017 Dividend Total = $70.24 (Previous Dividend Income)

Our Drips (Dividend Reinvestment Program) added $7.82 to our yearly forward dividend’s this month!

Other Income

Private Investment Payment – $500.00

Solar Panel Income – $48.96

Total February 2018 – Passive Income – $818.47

Total Passive Income Increase over last year. – 1065.24%

Totals For 2018

Dividends Year To Date Total – $576.95
Other Passive Income Year to date – $1340.23
Total Passive Income for 2018 —– $1917.18
Year End Goal – $15,000 ——–%12.78

Last year our Total Passive Income was $6328.41. This goal seems massive but by having all our assets produce the entire year and new cash injections, hopefully we hit the target!

Our Net worth went up slightly this month.

December 2017 Purchases

• Restaurant Brands did a monster dividend raise so we added another 13 shares.
• We cut the fat and sold all our cineplex stocks. We then used those funds to buy 61 shares of Emera.
• Automotive Propertys reit was a small holding I bought when I started investing. I didn’t see myself adding to it anytime soon, so I decided to sell it. We then bought 24 shares of Proctor and Gamble.

Conclusion

Well we broke the $1000 streak. Womp….. Still massive growth in a year. Since we sold off Cineplex and APR we wont be seeing those dividends anymore. This was also the final Potash dividend, It will now be a little higher and be Nutrien’s Dividend next time. The addition of Emera and Proctor and Gamble should pump these off months up in the future.

The panels are now producing and I’ll gladly welcome their income adding to these monthly totals from now on.

How was your income? What stocks are you watching at the moment?

Cheers

Rob

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.