March 2018 – Passive Income Update
March 2018 – Passive Income Update
Happy Easter, Its a early one this year! March is officially done and the trees are starting to bud. Spring is coming… March was another great month. I celebrated my 35th Birthday with friends and a bunch of beers, finished up some house projects and got the tax return back. This weekend is going to be busy one, but I love watching my son search for all the Easter eggs and getting together with the whole family. The end of the quarter is always everyone’s favorite dividend month, and a new record was set. So lets get to it!
1 Stock decided to beef up their dividend for me this month.
- Td Bank raised theirs by 11.7%
Dividend Income
17 Companies paid us this month.
| Stocks | March 2018 Income |
|---|---|
| IBM | 27.00 usd |
| Russell Metals | 17.48 |
| Altagas | 5.48 |
| Sienna Senior | 2.40 |
| Highliner Foods | 21.75 |
| Canadian National Railway | 16.38 |
| Manulife | 6.60 |
| ZDY Etf | 7.13 |
| Richie Bros Auctions | 32.70 |
| Boardwalk Reit | 2.42 |
| Canadian Utility's | 60.17 (One Drip) |
| Brookfield Renewable | 65.90 (One Drip) |
| Riocan | 39.12 (One Drip) |
| Extendicare | 16.36 (One Drip) |
| Enbridge | 230.82 (4 Drip's) |
| Shaw | 30.12 (One Drip) |
| Corus Entertainment | 18.81 (2 Drip's) |
| Totals | 600.64 |
March 2018 Dividend Total = $600.64 (%307.93 higher yr over yr)
March 2017 Dividend Total = $147.24 (Previous Dividend Income)
Our Drips (Dividend Reinvestment Program) added $19.65 to our yearly forward dividend’s this month!
Other Income
Private Investment Payment – $500.00
Solar Panel Income – $86.40
Total March 2018 – Passive Income – $1187.04
Total Passive Income Increase over last year. – 706.19%
Totals For 2018
Dividends Year To Date Total – $1177.59
Other Passive Income Year to date – $1926.63
Total Passive Income for 2018 —– $3104.22
Year End Goal – $15,000 ——–%20.69
Over $600 in one month of Dividends? That’s a record. My oh My, that feels good. 20% towards the year end goal is a little behind, time for the solar panels to step up their game!
March 2018 Purchases
- We started a position in Disney. Adding 20 shares to the Portfolio. Check that post here.
- CNR dipped a bit and we bought another 11 shares of them.
Conclusion
Overall a great month, anytime it surpasses a grand is fantastic. 600 bucks in dividend’s can cover a nice amount of monthly bills as well. Both purchases this month were low yield one’s that I don’t need to worry about but have potential for a tonne of growth. I look forward to reading about all your progress and hope we can topple 20k this month as a group on the diplomats report.
Have a wonderful Easter weekend!
Cheers
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Thanks in advance to all the social media shares.
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 stuff! $600 in dividends is awesome! Keep that passive income rollin in!
Hey Wally
Thanks alot. It was quite the tally this month, onwards and upwards!
Cheers man
Nice one Rob! You’re killing it 🙂
Hope the solar panels will kick in once the sun comes out and speed up your pace to that $15k
Hey Cheese
Thanks alot. March was a good month for the panels and we should start seeing some nice progress on that front.
Have a great easter weekend
Wow wow and wow congrats on a fantastic month. Over 300% growth so impressive. I love that payout from Enbridge. Keep up the good work Rob. Happy Easter
Hey Matt
Thanks, i think even shania twain would be impressed.
The enbridge payout is a monster, shows how much im down currently! Lol Id love to keep adding to them at these levels but want to even my positions out. I take the extra drips though
Cheers man
Hi Rob, Nice results and I bet you make a mean pancake! Tom
Haha Tom
Thanks. I dont make them often but when i do, oh man!
Cheers
PCI,
Nice looking chart showing excellent growth. I like that Disney purchase. We’re looking at cruises and they are clearly good at price gouging!
I see you have a lot of DRIPs. Do you own these in a brokerage or through a transfer agent? I’ve been consolidating my drips into a regular account to simplify.
-RBD
Hey Rbd
Thanks alot! Disney has pulled back even more but currently it doesnt make sense for us to put into our rrsp this year with the wife on mat leave.
As for the drips i love them. Stocks are in rbc direct investing and i just set them to drip if they can.
Have a great weekend
Cheers
Really a fantastic month! Your post reminds me I have Enbridge on my list of companies about which I must do some research. I guess I will use Easter to read up about Enbridge, because the valuation looks good now. Happy Easter!
Hey i want
Thanks alot. Clearly im a huge fan of Enbridge! Id be buying alot more if it wasnt my top position. Have a great weekend and good luck with your research.
Cheers
Well done!! It’s gotta be fun to see the YOY growth – 2016 isn’t even on the charts in comparison. $600 in dividend income in a month is rockstar status in my book. Can’t get more passive than that.
Hey Angela thanks!
Yeah its pretty amazing to look at a graph and see the spike in income. 600 is definitely great but i want to get more passive income than that. Haha!
Cheers
Congrats mate! I love the diversification. Solar income is ramping up. Summer is yet to come. Well done sir!
Hey geek thanks man
The solar is indeed heating up. March put up some nice wattage.
Cheers man!
That is some amazing progress, so far into your journey and still 300% higher dividend YoY and total income over 700% increased, wow!
Great reading your progress PCI!
DI
Hey Dutch
Thanks alot. I feel the community and website really keep ya motivated to go. These growth numbers as a % surely should drop soon!
Cheers
PCI – Un-freaking-believable. Those results…inspiring. Man oh man. Happy belated birthday and I’m glad your investments delivered you 17 nice presents this month. The best is yet to come and by the way, I love the note in the picture.
Take care,
Bert
Haha thanks Bert
The note is probably the best part for me! 17 presents, great way to put it.
Cheers Bert
Good to see you going strong, Rob! Looks like you had much fun in March! Congrats on that huge year over year dividend growth! $600/month is an incredible achievement. It can certainly help your portfolio grow faster when you reinvest those dividends.
By the way, if you noticed, I haven’t visited your blog for at least 2 months. For some reason, your link got deleted from my blogroll. I don’t know why.Anyway, I added your blog to my blogroll again. Will catch up on your posts soon 🙂
Hey German.
Hmmm that is weird. Ahh well thanks for adding me again.
It is becoming a nice chunk of change that definately gets reinvested. Should help grow our snowball
Cheers
Congrats Rob on reaching over $600 in dividends. Plus you got that from 17 companies, which are providing you decent diversification. Keep building that passive income snowball!.
Morning port
Thanks man! Ill definitely keep at er.
Cheers
Wow the solar panel income will definitely be a factor for you if you’re going to reach the 20k in income. This is a great pace comparing to previous years.
The dividend income report seems fun. I am going to check it out and try to join the party.
Hey Leo
The goal is only 15,000 right now. 20 may be too big of a jump this year! The passive income reports are great, i love doing them. It really shows your progress.
Cheers
Leo
Great month! $600 in dividends and a 300% plus YOY growth rate is incredible! Keep up the amazing work! Oh, and Happy Birthday! Congrats! 😀
Hey Dynasty
Thanks alot a couple greys but a whole lot wiser. Well i hope.
Have a great day
Cheers
Way to go man! I’ll be turning 35 in a couple of months too! Love seeing other Canadians around the same age and tracking their journeys.
Only 307% growth year over year? Gotta step it up 😛 haha
I had a pretty slow March, but still saw 49% growth vs last March…should get my tax return this year – though most of it will probably go to Jets playoff tickets and season tickets for next year…haha
Haha i guess that tax return is a good problem to have. Thats a sizeable return! The disadvantages of your team making the playoffs….
Yeah always cool reading everyones incomes, even better when we are similar ages.
Just came from your page you did great. I wont have these growth percentages in a couple months… lol
Up n up
Cheers
Rob
Nice work and happy 35th!
Thanks Mr.
Nice work Rob. Congrats on the passive income!
R2R
thanks a lot Road!
Got to swing by your report sometime todaY.
cheers
Thought I commented on this already, apparently not. Congrats on the record high month! That passive income growth is amazing. You are well on your way my friend. Keep it going!
Hey daze
Thanks man! As long as i keep feeding it, it keeps going up!
Weird about the comment, sometimes i comment too and then it doesnt seem to post. Thought it was my crappy internet
Cheers
Love that TD raise. Canadian banks continue to impress. Love seeing those impressive results for the month too and you have quite a collection of names I’m not familiar with. Keep up the good work.
Hey Hut
Thanks alot, when I first started investing I had no clue what U.S stocks people were talking about. Im sure its the same with Canadian ones for ya!
Cheers
Congrats on a great month from over in the U.K. Rob. You’re making great progress! I love seeing progress made by other people with similar goals to mine.
Good luck for the rest of the year.
Hey uk
Thanks alot man. Its crazy to see the success of the community. Got to love being a part of it, no matter where you live in the world.
Cheers