May 2018 – Passive Income Update

May 2018 – Passive Income Update

Hey! It’s that time of the month again. Time to tally all the totals and see how we are progressing.

May isn’t exactly over but I have received all our dividend payments and other sources of passive income for the month. This month has just flew by. Work is just insane. I have been working 60 plus hours a week 6 days a week (Saturday is normally a half day) This is a big reason for my lack of posts currently.

I just finished getting our vegetable garden all setup with the drip line system. Feels good to get that done as the side of our house was a huge mess, this cleans it up more and got to love fresh vegetables! I planted a bunch of Tomato’s and cherry Tomato’s, green peppers, red peppers, some herbs, cucumber’s, bean’s and for the first time we are going to try watermelon’s. I’m looking forward to seeing how those turn out.

The weather has been very nice, and we really hit it off this year with a bunch of the neighbour’s. Its great to have a group of friends so close. Beer’s are always flowing, pool parties and fire’s tend to be constant. The kid’s all get along which is a massive bonus.

Summer is all about camping, we love to go for the weekends. We haven’t went yet but got 2 trips booked and debating setting up another. Anyways let’s see how the progress is going….

4 Stock’s decided to bulk up their dividend’s for me this month.

• Telus raised their dividend by 4%
• Algonquin raised theirs 10%
• Bmo bumped theirs up 3.2%
• National Bank boosted theirs 3.22%

Dividend Income

14 Companies paid us this month.

May 2018 Dividend Total = $307.07 (%317.44 higher yr over yr)

May 2017 Dividend Total = $73.56 (Previous Dividend Income)

Our Drips (Dividend Reinvestment Program) added $11.22 to our yearly forward dividend’s this month.

Other Income

Private Investment Payment – $500.00

Solar Panel Income – $245.09

Total May 2018 – Passive Income – $1052.16

Total Passive Income Increase over last year. – 1330.34%

Totals For 2018

Dividends Year To Date Total – $1836.21
Other Passive Income Year to date – $3458.86
Total Passive Income for 2018 —– $5295.07
Year End Goal – $15,000 ——–%35.30

May 2018 Purchases

• Added 15 shares of CNR

Conclusion

This was the first month Emera and Proctor & Gamble paid me. Very nice! 4 More dividend increases! Man do I ever love dividend investing…..  Solar was a little lower than last month because of the ice storm but overall another great month. I’m really looking forward to seeing what June will bring in total.

Jordan aka the moneymaaster has a great series called Know the blogger. Recently I answered all his questions and if you would like to know more about me or other blogger’s check his site out. Pretty cool to learn more about some of you!

Anyways that’s all folks! How did you do?

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.