May 2017 Dividend Income

May 2017 Dividend Income

Another one bites the dust. May was a great month, we got our season’s passes to Canada’s Wonderland and got a chance to go there this month. Our son has gotten bigger and can now go on some of the better rides. (bumper cars, spinning tea cups etc) We have booked a couple camping trips now for the summer and got the gardens all mulched and ready to go! The market has been pulling back slowly day by day recently, but the monthly dividends keep going up……. Not a huge improvement this quarter but got a lot of things in the works.

Dividend Income

• BMO US Dividend Fund – Zdy ——– $3.29
• National Bank ———————–   $20.16
• Shaw Communications ————–    $2.17
• Potash of Saskatchewan ————-   $5.99
• Corus Entertainment —————-   $9.79
• Auto Properties ———————    $3.62
• Riocan ——————————     $7.05
• Boardwalk Reit ———————-    $5.44
• Altagas ——————————    $5.25
• Sienna Senior ————————    $2.40
• Extendicare ————————–   $3.12
• Bank of Montreal ——————–     $5.28

May 2017 Total = $73.56 (%149.20 higher yr over yr)

May 2016 Total = $29.69 (Previous Dividend Income)

Totals For 2017

Dividends Year To Date Total – $432.65
Other Passive Income Year to date – $ 250.00
Total Passive Gains for 2017 —– $682.65
Year End Goal – $2000.00 ——–%34.13 so far (41.66% of year over @ end of may)

We increased our net worth 5.4% over last month (House was appraised higher than I thought)

During one of the many pullbacks this month we added to our position in Enbridge

• We got 50 additional shares at $52.86 per share

We also signed the dotted line on the solar panels. Nothing is guaranteed but its in the process. It all comes down to if hydro has room on the grid for us to sell to them. Either way it cost us $3400 to start the paperwork, which we will get back if this falls through.

We are also in the process of refinancing our house and pulling out a nice chunk of change for additional passive income sources. (max tfsa, solar panels and private investment @ 12%)

Conclusion

The ball is rolling and things are looking good. It was a small increase over the last quarter probably around 4% but if I can consistently get a 4% increase every quarter, I’ll be a rich man soon enough! How was your month? Did you buy anything on the dips?

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.