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?
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.
Who doesn’t like receiving passive dividend income. Keep it going and your see the snowball moving along and growing exponential.
I having tallied my month’s today as I received some dividends yesterday and today. But I think it will be a good month with possibly between $325 and $375. I added some units of HNY today as it is a commission free ETF.
Sweet.that sounds like a great month!
Small or not, it’s an increase. You can’t be unhappy about that. Keep moving forward.
Slowly but surely
PCI –
Very nice job here, love the growth and investments you are making. Nice punch to the net worth, raising the bar yet again. Didn’t buy too much in May, except for Grainger (GWW), looking forward to a prosperous June!
-Lanny
ThanKS Lanny!
Nice! I have been dormant in May. Got myself a little bit of VIVAX. Awesome increase in net worth. Always good to see it go up.
Thanks geek. Yeah always nice to see it keep going up!
Looks like a great month for finances and family time/ vacations. Over 100% growth is awesome with quite a lot of companies paying you this month. I am really looking forward to seeing how the solar panels work out. Keep us posted on that for sure.
Thx daze yeah really hope we get the go ahead.
PCI, congrats on the recent performance goal. Slowly but surely the small step increments will get you to your target destination.
Based on the recent dividend income, what do you see your annual end of year 2017 dividend yield being….approx?
Hey John thanks I’d say average 4.5%. Altho some holdings I bought had over 9% dividend yields at the time of purchase (Russell metals) I didn’t keep track of yield at purchase.
Awesome updated!!! Sounds like you are making some tremendous progress.
I’m really tempted to add some O and NNN into my portfolio with them both retreating from the highs. I need to explore some more this weekend but I’m definitely getting closer to pulling the trigger.
Thanks man. Sounds good. O seems like a good one
Congrats on the strong month man, great YoY growth and the new found dedication to the methodology is paying off quickly! Cheers to June!
Thx stacker! Cheers to June!
Dividend increase … check, net worth increase … check. Refinance house so you can get more money in your pocket… check. Use the extra money and dividend to reinvest… check. That’s how we all snowballing. And eventually that giant dividend ball is going 4 figures and 5 figure then 6 figures.
Cheers to the future!
Thx viv. Looking forward to it
Awesome job for the month of May. As you said, the markets may be pulling back (or fly high) but no matter, those dividends continue to roll in. Your year over year total tell the whole story. Congrats on that achievement. I see you hold two of the large Canada banks I still do not own, BMO and NA. Perhaps one day I’ll diversify further with those names too. Thanks for sharing.
Thx div. Yeah national just released some crazy numbers look into em
Great Work My fellow Canadian and I will be hitting up Wonderland soon as well, once the weather permits. Nice dividends for May, I see you have a few stocks I am eying myself Corus, Shaw and National Bank any further insight on those will be greatly appreciated.
Hey yardie! Thx. Well national just posted some impressive numbers. Corus is all over the radio and TV but their dividend might be in jeopardy once they got to pay shaw vs shaw just dripping shares. Shaw looks good for their cell phones and might be a big competitor of bell rogers and dido soon enough. As always do your own research I’m no pro
Thanks for your insight just posted my May Passive Income as well if you have some time youn can check it out
Will do tonight man!
So what are you planning to use the funds for after you refinance? Buying more stocks on the dip? I have been adding to my position when ALA and IPL pulled back recently. I am hoping that ENB goes below $50 per share so my put options get executed. I have till January 2018 before it expires.
Yeah 52k for a tfsa, 50 k for a private investment at 12% intrest and rest hopefully for solar panels and possibly other investments
I find these so fascinating! I’ve not started investing yet. It does seem a bit scary! 🙂
Hey maybe a bit but long term it’s really not if you buy good companies. Best of luck
Nice year-over-year increase! Thanks for sharing. You’ve got a good group of companies paying you. They’ll serve you well over the long term. Cool news about the solar panels too. I think here in the US we still have some tax incentives left. Anything similar in Canada? The solar panels are getting so efficient that pretty soon we won’t even need them in order to stay competitive with more traditional energy.
hey Scott thanks for swinging by always nice seeing a new face! not much tax incentives other then if they are registered as business i can get taxes back from purchase and probably write certain things off. I honestly love renewable energy, I feel mankind is taking a step in the right direction!
That’s an impressive increase especially when compared to 2016. It’s also good that you got multiple sources of PASSIVE income!!! That’s just awesome.
Thanks yeah looking forward July’ s income now