May 2020 Passive Income Report – $1,139.85

May 2020 Passive Income Report

May 2020 Passive Income Report – $1,139.85

June already? This is crazy, time is flying by.

Hey everyone. It’s time for our May 2020 passive income report. (Yeah I’m a little late this month)

The market continues to be on a tear and as I said before I don’t get it…. I tend to be following things a lot less than I used to. One thing I have learned for sure in the last couple months is that you can’t time the market. Who would of thought the market would rebound in the way that it did during this pandemic? I was seriously debating selling off after the 10% rebound, glad I didn’t though. Also to focus on solid dividend paying stocks. Quality over quantity.

Mike @ The dividend guy – said awhile back that covid could be a lot like the 1919 spanish flu. At the time it was horrible, but then we had the roaring 20’s. I’m leaning more and more towards that thought process. With the feds buying up stock left right and center and people dying to get back out and doing stuff, the coming years may be a huge boom and the market may set new highs. ( not to mention these low interest rates as well)

My wife got the go ahead to start working and started back on Monday after being off for over 2 months, close to 3. Things will be quite a bit different at the dental offices and they won’t be able to see as many patients. Meanwhile she will lose her covid payments and we will be paying childcare for 2 kids. I don’t know yet if we will actually be better off financially with her working in this environment. Mentally it will be good for her though.

Work for me continues to be insanely busy. I’m working 50 plus hours a week and the jobs just keep coming. Most people in the horticulture industry have never been busier. Soil suppliers have never sold so much and green houses are sold out. A lot of interlock stone is on back order. Lumber suppliers are really busy as well.

I got our gardens all setup this year. Veggies are planted and I even got a drip line going around all our flower gardens this year. The place should really blow up with so many flowers and hopefully the bushes fill out to give us a little more privacy.

Anyways, show me the money.

Raises or Cuts

One elimination & One Raise

  • Disney eliminated their dividend (a good move) but lost us 76.15 in dividends. With everything closed this is to be expected. It will be back and disney still is a long term holding of ours. While the dividend is nice, disney is more of a growth stock.
  • Algonquin power raised their dividend by 10% adding $13.53 to our forward income.

Total Added Income from Dividend Raises in 2020 – $112.12

Dividend Cuts Reduced Dividends in 2020 by $327.03




July 2019 Passive Income

Dividend Income

10 Companies paid us this month.

StocksMay 2019 IncomeMay 2020 Income
Proctor & Gamble17.9018.98
National Bank of Canada23.4025.56
Altagas2.402.40
BMO17.0033.92
CVS Healthcare - USD15.50sold
Interpipeline27.65 (One Drip)8.32
Abbvie - USD36.3882.60
Emera55.23 (One Drip)sold
Dream Global Reit20.53 (One Drip)bought out
Riocan28.80 (One Drip)30.24 (One Drip)
Extendicare17.40 (2 Drips)18.36 (3 Drips)
Smart Centers024.51 (One Drip)
General Mills - USD64.68 (One Drip)66.64 (One Drip)
Totals326.87311.53

6 stocks Dripped in May.

A negative growth rate? Yup, but it was to be expected. I sold our entire position in Emera when the market was crashing in March and me and the wife weren’t allowed to work. I locked in a decent profit and still have the proceeds. No regrets, in this environment we are both glad to have a stack of cash in our account if we need it.

This is the first quarter where you see the sale of cvs to pump up that abbvie position. Love their acquisition of allergan, so does the stock price. Missed out on that drip this quarter.

If your interested check out our Previous Dividend Income Reports.

Our Drips (Dividend Reinvestment Program) added $6.69 to our yearly forward dividend’s this month.

Dividends in May

Trailing 12 Month Return

.12% not great but after March’s decline its nice to be back in the positive.


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 Income

In April (We always get paid a month later) our solar panel system generated 1,140 kWh. Since we bring in a fixed rate of 28.8 cents per kilowatt hour, Hydro One deposited $328.32 into our chequing account this month.

Last April the system generated $231.84. 100 bucks more? fantastic stuff! The sun is cooking.

Total Income for 2020 – $674.78

System Installed January 2018

Total System Cost ——–$32,396.46

Total Income Received ——–$5,644.19

_____________________________________________

Amount to Break even —- $-26,752.27





May 2020 passive income sources

Total May 2020 Passive Income – $‭ 1,139.85

May 2019 Passive Income – $1070.28

Total Passive Income Increase over last year. – $69.57

69! nudge nudge…… Pretty good considering the selloff of emera and the amazon payment last year. Go Solar Go!

Overall Passive Incomes

Totals For 2020

Dividends Year To Date Total – $1880.91
Other Passive Income Year to date – $3,573.7
Total Passive Income for 2020 —– $5,454.61
Year End Goal – $17,200 ——– %31.71

Over 5k already? Sweet! A little behind the ball but with summer approaching this is solar’s time to shine.

Purchases

 

May 2020 Purchases

We made 2 purchases last month but didn’t even write a post about them. My bad for sure. They weren’t steals by any means but 2 of my favourite company’s at decent prices.

  • We bought 10 more shares of JNJ before their ex dividend date for $145.77 per share. This added $40.40 usd to our forward income.
  • We also added 15 more CNR at $117.56. That added $34.50 to those annual div’s.

Small yields but quality dividend growth companies!

 

Goals Update

Read 3 Books I normally Wouldn’t Consider
  • I didn’t do much of any reading this month. work, kids, house projects, netflix and fires with friends. I hate excuses, that’s the reality. I failed on this goal.
Go 3 Times and Pick Up Garbage
  • Life’s been busy and beaches are still closed. The odd piece got picked up but didn’t make a event of it.
Charities
Increase Dividends by $1,713.42 this year. (bringing our forward income from dividends to $7,500 a year)
  • With New Purchases, Drips and Dividend Raises this month we added $95.12 to our dividend Portfolio. Total increased so far in 2020 is $671.67. 39.20% of our goal.
Etf Monthly Purchase of $250
  • We added 9 more shares of xaw etf this month for roughly 250 bucks in our questrade account. 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.
180 Pounds
  • Bought a sweet bike this month from kijii. The guy sold it because it had a broken pedal…. (30 bucks for 2) Easy fix and probably a 300 dollar bike for 50 bucks. Deals are out there if your patient. Lost a little weight but could lose more if I switched to michelob ultra or something… Haha! Its beer drinking season right?
Diet
  • I think we have been doing pretty good here. I eat more salads for lunch at work and we try to eat more veggies at dinner time. When I go to burger king I get heavy all on those burg’s too. Double the tomato’s, pickles, lettuce and sauces. =) (btw that’s a real life hack, your welcome)




Conclusion

Well that concludes our May 2020 passive income report. Any month over 1 thousand is a great month and I’m grateful. If you are below that don’t beat yourself up, I was too. We all start at zero and with consistency, the snowball grows.

I apologize for my lack of posts. I joined a great zoom chat full of Canadian Finance Bloggers the other day and that kicked me back in gear a bit. Thanks to all the people who were there, it was great to chat with you and learn from some of the best!

Like always, focus on paying yourself first. Enjoy life and stick to the plan. With all the negativity in the world at the moment we really need to remember to see the good in things. The media loves to show negative stuff, but if you look closer there is a lot of great things happening too. Go out and enjoy the world, time really does fly!

“My friends, love is better than anger. Hope is better than fear. Optimism is better than despair. So let us be loving, hopeful and optimistic. And we will change the world” – Jack Layton

How has life been for you? Life getting back to normal?

Cheers!

20 Responses

  1. Great post. Liking the CNR purchase and makes you love the longer trains even more.

    The city is starting to open up more at midnight tonight, which they consider stage 2. I have been lucky to keep working during the last couple of months. I know a lot of people have not been, so I am grateful.

    • Rob says:

      hey Pursuit

      Haha its weird liking the long trains eh? We are starting to open stage 2 here tomorrow but a lot of places also didn’t make the cut. Weird because then the citizens who didnt will just travel to a area that did open up. Either way we can hang out with 10 people now!

      slowly getting back to the new norm. It feels great to work for sure!
      cheers man

  2. Jan says:

    I’d love to hear your take on Power Corporation of Canada! As far as financial institutions go, it seems quite stable and a good addition to an otherwise diverse dividend portfolio?

    • Rob says:

      hey Jan

      welcome to the site, always love seeing first time commenters. Personally I’m not a fan of them. Their stock price really hasn’t done much in the last 15 years, when I look at the chart. Insurance in general is not where I would want to be at the moment. Low interest rates and possibly some big claims with business insurance coming up. The financial management also seems to be leaning more towards self directed these days and etf’s vs mutual funds.

      I have never looked into them closely though to be honest. I know there’s a couple Canadian bloggers who own them, but they just aren’t my cup of tea. In the financial sector Id prefer our cdn banks, bam or visa & mastercard.

      Hope that helps, cheers Jan

  3. Despite the cuts, you still had a great month for passive income. I had a negative YOY as well, but that was expected. Slowly things are going back to normal here in NYC. Businesses are starting to reopen and people are getting out more. I’m really hoping for the barbers to be open soon, lol. 🙂

    • Rob says:

      haha me too! My wife’s been cutting mine but its not the same. Glad to hear things are getting better in nyc definitely wasn’t looking good for awhile.

      The negative growth doesn’t bug me much anymore. Quarter over quarter should be up, thats all that matters =)
      cheers man, stay safe

  4. Matthew says:

    Hey Rob looks like a very good month for you. Sorry to see the negative growth but like you said it was expected. I bet you will be back growing again in June. Can’t believe the the income you are receiving from the private investment and solar panels well done that it amazing. Love the stock purchases I am a big fan of both.

    Take care!

    Matthew

    • Rob says:

      hey man

      Same for you! I feel really good about the 2 buys, got to stick to quality. JNJ may entice me yet again. lol

      cheers matt

  5. Jake Coady says:

    Nice month! Enjoying the updates and insight into larger portfolios. I know all of my stocks went down today, likely due to the official recession announcement. Hopefully market/consumer confident increases again and we see a resurgence.

    • Rob says:

      hey Jake

      welcome and thanks for commenting.

      You look young, embrace it. Seriously. It sucks to see your stocks down, but if you own quality companies they will be back and they should continue to pay their dividends. Focus on cashflow and not stock prices. I really do prefer seeing some red since I’m a buyer now. I’m not selling, I want to acquire more shares at higher starting yields and lower prices. Plus cheaper stock prices most likely mean more dripped shares!

      Long term you will be very thankful that you did. All the best Jake.

  6. PCI –

    What a month! Anytime you can show positive growth is a win. What’s great is, and you haven’t mentioned or maybe haven’t noticed – but the solar diversification could be a godsend. The SUN is HOTTER than ever, so far this year. Since you diversified, you’ll end up with strong solar income growth that in the past, more than making up for any dividend cut.

    Smart and jealous. I dig it and love it.

    -Lanny

    • Rob says:

      haha nice way to put it.

      Im a huge fan of diversification and while the sun may be cooking me at work, my minds thinking about the panels. haha It really is great to see higher yr over yr results in that regard.

      cheers Lanny!

  7. German says:

    Great month despite the negative growth, but that to be expected since you sold Emera. Glad to hear your job is keeping you busy. You’re putting in a lot of hours. Gotta make that dough to have a good off-season later on.

  8. DivHut says:

    Yes, time is flying by… don’t remind me 🙂 Of course… that’s the beauty of being a dividend investor. Time… Time goes by with or without you staying invested. Nice to see you and many of our fellow DGI are staying in the game. Even with those nasty cuts we get raises too and those dividends hit our account every month whether we are at work or staying home. Nice sum for May. Nice to see Canadian banks pulling some weight for you. I’m still sticking with my TD,BNS and RY 🙂 Keep it up.

    • Rob says:

      hey Hut

      3 great canadian banks. Always love seeing non cdns holding some of them.

      I’ll be sticking around. Like I said I thought of selling but glad I didnt. =)

      cheers Hut!

  9. Rob – I love reading your passive income summary each month! It always makes me smile. Your progress is great too. Man do I love that solar income. JNJ was a FINE pickup. Congrats on increasing your dividend income in that dividend behemoth.

    Bert

    • Rob says:

      haha awesome Bert!

      glad to hear it makes you smile, that’s what lifes about.

      Jnj is definately growing on me, I can see why everyone loves it. Cant wait to increase it more.

      cheers man

  10. Family Money Saver says:

    Hey Rob, nice summary and great rundown of all your passive income streams.

    Quick question on your solar – is the fixed rate you’re paid by H1 for a certain term length? And I assume all the electricity you produce just goes straight back to the grid since they pay you more than the avg. rate you’d be paying? (around 12cent/kWh)

    • Rob says:

      hey family.

      thanks and welcome to the site!

      we have a 20 year contract with hydro one. After that whos knows but most likely the hydro rates will be higher than what we are paying and hope we get a new contract.

      yes all power is fed to the grid. As you mentioned they are paying us more than what we pay them so might as well!

      haha cheers!

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