January 2021 Passive Income – 44.88% Year over Year Growth Rate

January 2021 Passive Income

January 2021 Passive Income – 44.88% Year over Year Growth Rate

  • 2 Dividend Raises – CU & CNR
  • 4 sources of passive Income
  • $796.38 from dividends
  • 19 stocks dripped in January

Another day another lock down. Wow are they ever constant these days. Good news is the world health organization decided to lower their cycle tests back down the day after Biden took office.. They say there were to many false positives.. Interesting though that they decided to up it in the fall. I guess we will really see case numbers drop now, and they can claim lock downs work. But now there are all those new variants, why did or do we still allow international travel?

Life

This month I had to quit my renovation job and become a full time stay at home dad to home school our son, because schools are closed… Between doing that and hanging with my now 3 year old daughter, it’s extremely hectic. I definitely would prefer to be working, but that’s not really an option

I used to have over 500 gallons of fish tanks in our old house but once we moved here downgraded to a 65 gallon. Last week I decided to get a 180 gallon tank 6’x2’x2′ off kijii. I reinforced the floor with some jack posts and the tank looked amazing. 2 days later I went out for 2 hours to go get some more fish and I came back to a empty tank all over the place. 180 gallons all over the floor and fish gasping for air.. Filled a bucket and scooped up the fish and surprisingly only 3 of the cheap fish and some babies died..

That was beyond frustrating.. A night of drying everything up, setting up the old tank and basically holding in those man tears. The next day I had to rip up the flooring, let it dry and then redo the living room, luckily I had a bunch of extra boxes of flooring we kept. I now got a brand new 180 gallon tank on order and a brand new floor… haha! On the positive the house didn’t burn down and other than the flooring the damage was minimal…

Also its kinda like the ultimate wife test…. what did you do? Haha she just felt bad for me and knew I’d fix it, she’s a keeper!

It’s been a great month…. haha! At least those leafs are doing good =)

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

Raises or Cuts

2 Raises to start the year

  • Canadian Utilitys raised theirs by 1% which added $3.69 in forward income
  • CNR boosted theirs by 7% adding $12.32 to that income

Total Added Income from Dividend Raises in 2021 – $16.01

A little disappointing as I thought both would come in higher.. CU was actually so low, that I’m contemplating switching over to fortis or something. I thought CNR would come in around 11%, so I was too optimistic. 7% is still good, I’m a huge fan of CNR and will add to our position this year if the stock drops down to 110 or lower.

 




January 2021 Passive Income

January 2021 Dividend Income

16 Companies paid us this month.

StocksJanuary 2020 IncomeJanuary 2021 Income
Restaurant Brands29.7374.10
Altagas2.40sold
Disney27.28 usdNo Dividend Anymore
Nutrien15.2027.50
Inter Pipeline28.79 (One Drip)8.32
Bank of Nova Scotia87.30 (One Drip)90.90 (1 Drip)
Telus56.50 (One Drip)79.04 (3 Drips)
Bell Canada68.16 (One Drip)74.93 (1 Drip)
TRANSCONTINENTAL25.30 (One Drip)27.00 (1 Drip)
TD Bank91.76 (One Drip)101.12 (1 Drip)
Cisco46.90 usd49.32 (1 Drip)
TC Energy057.51 (1 Drip)
Xaw ETF032.03 (1 Drip)
Rit ETF31.66 (1 Drip)
Smart Centres025.75 (1 Drip)
Riocan29.76 (One Drip)31.80 (1 Drip)
Extendicare18.00 (2 Drips)19.28 (3 Drips)
Algonquin Power39.60 (2 Drips)66.12 (3 Drips)
Totals549.68796.38

19 stocks Dripped in January – Great to see almost all those companies dripping more shares.

A monster growth rate this month. I don’t remember the last time I seen one this high – 44.88% year over year growth. I think moving forward these months will surpass the quarter ending months.

If your interested check out our Previous Dividend Income Reports.

Our Drips (Dividend Reinvestment Program) added $27.20 to our yearly forward dividend’s this month.


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 December (We always get paid a month later) our solar panel system generated 130 kWh. Since we bring in a fixed rate of 28.8 cents per kilowatt hour, Hydro One deposited $37.44 into our chequing account this month.

Last December the system generated $36.86. So we were slightly higher year over year.

Total Income for 2021 – $37.44

System Installed January 2018

Total System Cost ——–$32,396.46

Total Income Received ——–$7,542.68

_____________________________________________

Amount to Break even —- $-24,853.78



 


Cashback Credit Card

Every year in January we get money from using our cashback Credit card the previous year. We always pay our balances off, so this is bonus money. In January we received $415.46. Sweeet!


Total January 2021 Passive Income – $ 1,749.28

January 2020 Passive Income – $1,485.86

Total Passive Income Increase over last year. – $263.42

Great to see, obviously the cash back credit card thing is not a constant but hey maybe next January we will break that 2k mark. That would be fantastic! Why didn’t we start this investing thing sooner? =)

Totals For 2021

Dividends Year To Date Total – $796.38
Other Passive Income Year to date – $952.90
Total Passive Income for 2020 —– $1,749.28
Year End Goal – $17,390.71 ——– %10.05

Last year we aimed for the 17k mark and missed it. This year our goal is to increase those dividends by $1,680.19 which is the top of the 8% div growth projected income in 2021 from this post. Let’s do it. Bacardi n Coke – Do it.

Purchases

 

January 2021 Purchases/ Sales

This year started off with news that Brookfield property was going to be bought out. The price surpassed the offered share price so we sold all our shares.

  • Sold BPY.UN – 287 shares lost 373.00 in income
  • Bought 469 units of Rit Etf adding 379.89 a year.

You can read about those moves here – BPY swap out.

  • Started a Position in Couche-Tard 35 shares. Adding $12.15 to those dividends.

The dip on acquisition news was a great time to buy, feel free to read more about that purchase here.

In total January purchases and moves added $19.04. Not much but I feel like these purchases strengthens and further diversifies the portfolio moving forward.

 

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 $62.25. 3.70% of our goal.

 

Etf Monthly Purchase of $250

  • This month we actually didn’t buy any xaw. Money has been a little tighter with all the things going on, but Im sure that will turn around soon enough.
  • 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.




January 2021 Passive Income Conclusion

While life was full of challenges and adventures the passive income kept coming in. It feels great to see such a high growth rate and just proves that the continuous triple play works – New capital, Drips and Dividend raises.

February will continue to be one of our slower passive income reports but hopefully kids go back to school and life won’t throw these curve balls. Haha

How was your start to 2021?

cheers!

“Without Rain nothing grows, Learn to embrace the storms in your life” – 

Couldn’t be more relevant for us than this month. =)

24 Responses

  1. Matthew says:

    Well done Rob, looks like an awesome month. Excellent growth in dividend income!

  2. Congrats on a solid month. Sorry to hear about the fish…

    I didn’t know you owned TCL too…nice. I’ve been on the TCL is undervalued bandwagon for a few years now – finally it’s getting some love!

  3. Congrats on a super month. Great YOY growth! Keep it up! 🙂

  4. Congratulations Rob for your 44,88% YoY + 796.38$ in dividend for January income ! 🎉👏

  5. Tawcan says:

    BOOM! Well done Rob!

    Staying at home full time must be very hetic. 🙂

  6. May says:

    Well done Rob. That’s a huge increase from last January.

    Sorry for your floor. We have water leak with our kitchen floor and struggled with insurance company for almost a year. What a nightmare. Your wife is lucky that you are so handy and can do everything yourself.

    I have added to CNR a little under $130. If it went down to $110, I will add more. But I really doubt it will happen. Kicking myself though for having sold CP too early. That train left me and I will never be able to catch it any more.

    With the frustration of so many dividend cuts and holds, I am now pretty happy with any dividend increase. MRU has a 11% increase and I have added to it at low too.

    • Rob says:

      hey May

      Thanks.
      My dad actually brought up insurance, but really the damage wasn’t that bad. Im lucky as well, I wouldn’t want to be responsible for the damage and the bill to fix everything too!

      I have a feeling we will see 110 cnr sometime this year, remember last years dip? We saw 95$ cnr.. Maybe that’s wishful thinking.. That’s unfortunate about cp. I saw they are proposing a 5/1 stock split. I hope cnr follows suit with some kind of split. Id love to be dripping that one.

      I saw that mru raise very nice.. Got a .68% 3m raise last night.. Another one less than inflation.. Guess that will stop me from growing that position in the near future.

      All the best May
      cheers!

  7. DividendsOn says:

    Hi Rob,

    I used to have tropical fish back in the 60’s when I was a teenager and again in the 90’s when my wife and I lived in an apartment. My favourite fish were Cardinal Tetras, Angelfish and Leopard catfish. Never went over a 15 gallon tank though. A 180 gallon tank is indeed impressive. Sorry to hear about the major spill. Not a handyman like you, unfortunately.

    Received the dividend increase from CNR though I miss the increases in the teens investors used to get. I was so delighted with MRU’s normal dividend increase well over 10% that I immediately added more to it. CU even with it’s not so good 1% dividend increase remains in the portfolio. As of today, no plans to sell. Perhaps management can turn around the business. I’m usually a reasonably patient investor, except for dividend cuts, so I prefer to take a wait and see attitude.

    • Rob says:

      hey

      Very nice! Ive tried my hand with planted tanks multiple tanks and they would always be loaded with cardinal tetras. Such nice fish. Eventually I always get the cichlid itch and come crawling back.

      I remember those high dividend raises from cnr, looking forward to them coming back once covid is over I guess. I hear you about CU Im still holding ours and the price has slowly been increasing so thats good. Just had an even lower raise from 3m.. Good times.. lol

      Cheers to bigger raises as 2021 continues!

  8. John says:

    Good start to the year Rob (fish tank notwithstanding lol)! Always a bit jealous of your diverse income streams. Really like to see the YoY growth in payments from your positions. This Jan was clearly a transitional month for me with the BPY.UN divestment. Replacements like TRP and KMP.UN didn’t contribute their divs just yet, due to the timing of acquisitions, and POW moved it’s payment date to the beginning of Feb. Net result is a QoQ monthly div decline of about 12% (would have been 1.5% increase if POW paid in month 1 of the quarter as it did in the fall). Despite all of this, YoY monthly dividends did manage a 10% or so increase over Jan 2020.

    Wondering what you think of the telcos right now? Their revenues have definitely taken a pandemic hit, but not too badly, and the prices may represent a bit of a value play. BCE looks like something that could bounce back modestly, and just raised the div. Telus also looks decent.

    • Rob says:

      hey John

      Thanks! Transitions happen, I keep debating tossing extendicare. It will hurt monthly income but long term its a great move. Its hard looking at things quarter over quarter months. One switch or late div payment (in your case pow) and things get thrown out of whack. I have considered starting to look at things from a quarter yr over yr viewpoint though. 10% is still great considering pow switched things up and you didnt get that trp dividend. Atleast this month should be stacked in your favour =)

      Telus is great but has ran up quite a bit lately, bell on the other hand has been stagnant. Its actually one of the positions I’m down on in this bull market. I was happy with the raise today and plan to grow that position more maybe before next ex dividend date. I think both are great in the portfolio though. Bce earning have taken a hit due to sports, that should boom next year? haha I dunno anymore.
      All I see around my place the last yr is construction for the bell fibe. So that should be a boom in the near future as well

      I got to figure out our taxes for the year and then I’m planning on loading up on lmt before filing to maximize the return. I hope it doesn’t sky rocket by then. Its seems like a great deal atm.

      Cheers John!

  9. Well sorry about your luck on the old fish tank. Glad it all worked out! It looks like we mirrored a few of our positions, I also sold BPY and purchased ATD on the second day within penny’s of the dip, too hard to pass up although I may move that somewhere else later in the year. CU is straight up disappointing literally upping the dividend just to keep the streak alive. Great YOY growth, see you next month!

  10. DividendsOn says:

    I actually liked the 5,1% dividend increase from BCE announced yesterday so much and the fact that it has a 6% dividend yield that I added more shares today.

    • Rob says:

      Great stuff. I plan on adding to our position soon enough as well. The stagnant share price is not so good though. Its actually one of the only positions in the portfolio that is down from when we bought them.

      cheers

  11. Sorry to hear about the stay at home thing, it’s tough. Some days I just want to day drink, and threenagers are the worst sometimes.

    Also sucks about the fish tank, it’s good your wife is so supportive!

    • Rob says:

      hey gym

      No question that stay at home schooling was difficult. I noticed it was even hard for my sons teacher as his young daughter kept needing attention too.

      My sons super happy to be back at school though, so am I!

      The tank sucked but it’s all cleaned up and renovated. Waiting for the new tank now! haha

      cheers

  12. German says:

    Great YoY growth, but it suck about the flooring. The cash back on your credit card is awesome. Are you getting 2% back?

    • Rob says:

      hey German thanks
      Just the rbc one. 2% on groceries 1% on everything else – no limit to how much cashback you can get.

      Pretty good but I know there are better out there. Now you got me thinking.. I know bns has a really good one. hmmmmm maybe its worth looking into
      cheers

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