May 2021 Passive Income Report – Meh!
May 2021 Passive Income
- 2 Dividend Raises
- 4 sources of passive Income
- $314.11 from dividends
- 5 stocks dripped in May
Hey Everyone
Been awhile since my last post, but life has been very busy and when I had some time to sit back at night I have been focused on reading Atomic Habits before the library needed it back. Such a great book.
The market continues to just chug along, basically the same as it has been the last couple months. The crypto noise on twitter has gotten a lot quieter and now the amc, gme etc bulls are at it again. Quite the show to be watching. I’m not playing that game as it doesn’t sit with our dividend growth investing strategy but Id most likely have more money if I did. Just remember if you are playing it those businesses don’t have much underlying value, make sure you take some profits.
Life
This month has kinda been a roller coaster of emotions. Its sooo nice out so I’m feeling good. Neighbours pools have been opened, so the good times have been rolling and the cannon balls have been refreshing to say the least. Then the leafs come around and make me feel like crap again….. Arg! So close yet so far, is next year the year?
Works been extremely busy and finding help has once again been very hard. We pay well too, but I guess in this helicopter environment some guys rather stay home and get those govt cheques.
We see the world opening up, its fantastic. Ontario has came out with a 3 stage plan and it looks promising. But if history is any indication I feel its just more dangling of the carrot. Will we open just to shut down again in fall/winter? Ford decided to keep schools closed until next year even know there is sooo much evidence to open them up for the kids well being… I voted for the guy, I regret it.
We got the playground this month and 2 good neighbour’s came over and we knocked it out in a day and a half. (Pretty good considering all reviews were talking about how bad the setup is) The playground has been a massive hit, and was well worth it.
Got the vegetable garden all setup. 100% this time. I had a pile of dirt and screenings etc in the middle for the last couple years but cleaned that up, setup some 4×4 planters and added a trellis and more driplines. We got a tonne of cucumbers, tomato’s, eggplants, peppers, herbs, some rhubarb and even tried some strawberry’s this year. See how it go’s!
Got a season pass to the local conservation areas and got to enjoy the beach this past weekend. This is my frugal play. All my neighbours are spending fortunes putting in pools and maintaining them. We get to go there and enjoy them and if not we will shoot just down the rd to the beach. (Also good pike and bass fishing so the kayaks will be making some runs)
Again life has been full of ups and downs this month, but things are looking up and everyday I’m thankful for just how good we got it. Health, Wealth, Family and Friends, what else do you need?
Alright, Let’s Get To Our May 2021 Passive Income
Raises or Cuts
- Algonquin Power 10% raise adds – $25.17
- Telus with a 1.5% raise adds – $5.19
It didn’t take long after that recent Algonquin power purchase for them to announce that 10% raise. This company has treated shareholders very well and most likely will moving forward. The stock price isn’t bad at the moment and we will most likely be growing that position even more this month. I wasn’t even expecting the telus raise so that was nice. They used to do 2 raises a year, but last year only did 1. Maybe they are moving to the deuce again.
Total Added Income from Dividend Raises in 2021 – $122.74
May 2021 Dividend Income
7 Companies paid us this month.
| Stocks | May 2020 Income | May 2021 Income |
|---|---|---|
| Proctor & Gamble | 18.98 | 20.88 |
| National Bank of Canada | 25.56 | 25.56 |
| Altagas | 2.40 | sold |
| BMO | 33.92 | sold |
| Interpipeline | 8.32 | 8.32 |
| Abbvie - USD | 82.60 | 91.00 |
| Riocan | 30.24 (One Drip) | sold |
| Extendicare | 18.36 (3 Drips) | sold |
| Smart Centers | 24.51 (One Drip) | 32.22 (One Drip) |
| Rit Etf | 0 | 64.73 (3 Drips) |
| General Mills - USD | 66.64 (One Drip) | 71.40 (One Drip) |
| Totals | 311.53 | 314.11 |
5 stocks Dripped in May – meh.
A very minor growth rate. These months ain’t getting much love. I sold that bmo position to grow national but put it to something else instead. I plan on growing both National and Proctor & Gamble positions moving forward. Got to add to those positions growing those div’s 10%. Are they a steal now? Definitely not though……
If your interested check out our Previous Dividend Income Reports.
Our Drips (Dividend Reinvestment Program) added $6.32 to our yearly forward dividend’s this month
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 Panel Income
In April (We always get paid a month later) our solar panel system generated 889 kWh. Since we bring in a fixed rate of 28.8 cents per kilowatt hour, Hydro One deposited $256.03 into our chequing account this month.
Last April the system generated $328.32 A flip from last month, but April brought snow and cloudy days compared to March. All good.
Total Income for 2021 – $703.58
System Installed January 2018
Total System Cost ——–$32,396.46
Total Income Received ——–$8,190.39
_____________________________________________
Amount to Break even —- $-24,206.07
Google Adsense
Thanks to all of you google paid us a bit for the ads on the site. $117.47
Definitely isn’t going to let us retire early but helps cover some of the costs of running the site. Thanks again
Total May 2021 Passive Income – $ 1,187.61
May 2020 Passive Income – $1,139.85
Total Passive Income Increase over last year. – $47.76
So many portfolio moves in these months and yet still squeek out ahead. Not bad. Again these are our worst months of the quarters and I’m cool with that. Just got to keep moving forward and growing.
Totals For 2021
Dividends Year To Date Total – $3,010.75
Other Passive Income Year to date – $3,736.51
Total Passive Income for 2020 —– $6,747.26
Year End Goal – $17,390.71 ——– %38.79
Still behind of the goal if we look at it monthly. We should be getting 8.3% a month and with 5 months done we should be at 41.5%. I think we can do it now that solar is pumping in some coin as well.
May 2021 Purchases
Microsoft
Love the company. Our tech sector continues to need a boost and microsoft was one of our lowest positions in the portfolio. This purchase fixed both those holes. You can say these tech companies are too expensive but that’s what I thought when we started buying microsoft at 200. They continue to be making a tonne of money and moving forward will probably continue to do so. We bought 7 shares at $247.11 per share
Xaw Etf
Added 9 more xaw to the portfolio as well.
In total we added $19.76 to that forward income with new purchases last month. One of the lowest months that I can remember, but its to be expected when your buying these kinds of low yielding/higher growth stocks.
Financial Goals Update
Charities
- We continue to make our monthly donation of 75 bucks to The Nature Conservancy of Canada
Increase Dividends by $1,680.19 this year. (bringing our forward income from dividends to $8,329.13 a year)
- With New Purchases, Drips, and Dividend Raises we continued to grow the size of our dividend Portfolio. Total increased so far in 2021 is $494.39 29.42% of our goal.
Etf Monthly Minimum Purchase of $250
- This month we added 9 more units of xaw etf.
- 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.
May 2021 Passive Income Conclusion
Overall a decent month. Financially these months aren’t the best, but the snowball continues to grow momentum. Weather is super nice though, and Ford just announced we will be moving to phase 1 this Friday. Camping is a go, awesome. June is going to be a great month.
cheers!
How are you doing both with your passive income sources and how are things with life in general?
It is what it is, trust me you get what you give – I’m way up, I feel blessed – Drake
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.
Hey Rob
Absolutely agree „Health, Wealth, Family and Friends“ is all one needs.
Financially you had a robust month and as long as the snowball is rolling/growing, we are all well on track. I like your additions, MSFT etc. will provide us with organic dividend growth for years to come.
Keep it up and all the best
SavyFox
hey savy
thanks alot. It really is that simple we think we need all this stuff but really that is all we need. We want the other stuff..
microsoft seems like a set it and forget it stock.
cheers
Hey Rob
Just wondering your thoughts on the solar panels, as we’re looking at it? Are you concerned with the actual length of payback considering they’ll become less efficient the older they get? Also does your cost factor in any interest if you had to borrow the money?
Thanks
hey Ed
Im not concerned at all. Of course I wish they put out whatever the original estimates were but they dont. A big factor is this huge maple tree that blocks half the panels probably a good part of the day, but that tree aint coming down, we love it. I dont factor in the interest we pay. (we refinanced the mortgage so we pay 2.4%) So we basically are getting 5% plus for free just for making this move.
I think its a great investment and feels great being green. Hindsight the money would of been better in the market, but who knew the market would of ran like this? Once a crash happens the security of alternative investments is really nice.
Hope that helps
cheers Ed
Playground looks great! Agreed that May is a slower month but at least I’m up ~38% from last year. Picked some Algonquin and Telus last month.
wow nice Jim that’s a solid growth rate. which companies pay you the most in these months?
great buys
keep it up
Loved the life update! What a nice playground. Kids must be very happy. I am not sure if pools are open in QC side but we enjoy the beach by Ottawa River on the Aylmer, QC side which is really nice (and crowded).
Can’t wait to see a pic of your veggies. Don’t you wish we had more Summer in Canada to eat healthier from our own products?
And nice to see some dividend growth for the month. Yes, if there is 1 company in the whole market I believe in its continuous growth and pay is Microsoft. Well at least for as long as Gates is alive!
How are the fishes doing? I am seriously considering buying but I don’t know anything about fishes and the expenses. Maybe a fish post? Haha
hey Vibrant thanks. Kids love it thats for sure. I think this weekend outdoor pools are opening up in ontario so that will be good. Im cool with lakes and rivers though. Of course i wish we had more summer but I also do love hockey and our ice rink! Also christmas is my favourite holiday, so winters arent that bad.
The fish are great, honestly i dont think a fish post would be a great idea for everyone but u can definitely ask me whatever over twitter. The bigger the tank the easier it is though. (water parameters don’t change much then) Im a fish geek, so id gladly geek it out
cheers man
That is an awesome playground! Nice! It was a slow growth month for me as well. Better low growth then no growth I guess. Keep up the good work! 🙂
thanks dynasty
we start to get used to these lower months right? All good if quarterly it keeps growing. =0
cheers man
Hi Rob , the playground looks great the kids will love you more for that .
as for the addition to your portfolio Msft is such a great company that will keep growing for years to come , I don’t own any shares directly in it but i do hold VUN which it has a good percentage of it.Good luck and keep those dividends rolling.
Thanks Gus!
They like it, but can they love me more? I dunno =)
Cant argue index funds. =) my xaw has some microsoft in it as well
cheers
Good job. I like AQN also. I have it in my Roth. You had a great month with all the other income. Keep it up
thanks alot Doug!
Algonquin is a great company, unfortunately I missed adding more at around 18.50
BMO, SBUX and RY
ahh nice buys.
Debating adding to the banks myself.
Hey Rob, looks like you had a great month overall. The playground looks good. I was happy to see the Telus raise as well. I actually ended up buying AQN because of your recent post on it. I started researching it after reading your article and liked the numbers. It’s nice to add renewable energy to the portfolio. And the 10% raise was a bonus. I plan to add to it while it’s in this range. Also, that’s a nice chunk of money from Google Adsense. Keep up the great work.
hey Graham
Thanks man. Algonquin is a great company, surprised my article turned you to it. Renenawables are a fantastic place to be in the future. Water aint bad either!
Once in awhile those google payments come in. Always puts a little smile on my face. Think you are releasing your blog income post this wkend. I look forward to reading it
cheers man
cheers man
Oh the Leafs…. this was their year to finally win a playoff series. My assumption was the Leafs basically had a bye to the conference finals, which I backed up by selecting many Leaf players in playoff drafts this year (uncharacteristic of me as I support another team). Then they lose to the Habs, and an important lesson is re-learned to never take Leafs in a draft. Honestly I do sympathize with Leafs fans as it’s time they had some playoff success. Watching the Oilers get swept was priceless!! 😂
MSFT is a great buy, they’re setup for the long term and their services are sticky. I don’t own MSFT directly, but own a decent amount through US dividend ETFs. Actually I sold off all my direct US holdings in favour of US dividend ETFs years ago, as that market is too big for me to cherry pick dividend stocks.
You used to own ZDY, have you ever thought about switching by back to US dividend ETFs?
hey Norm
That Edmonton sweep was pretty crazy to see. The leafs well they just didnt have the heart, they could of easily finished off that round. Of course having tavares and muzzin in the lineup would of been a huge difference, but what can you do? haha Gotta cheers for Montreal now, will be a good series vs Vegas.
Big tech is just getting so powerful, you need to own them. Any competition will just get bought out. I hear ya about the cherry picking us stocks. Actually the rrsp (with all the us stocks) is the worst performing account at the moment yr over yr.
I haven;t thought of it no. Ill keep trying to grow these holdings in the kings and adding to xaw etf. (It has done very well for us so far)
cheers Norm, have a great weekend
Hi Rob
Great to see that your income streams are getting even more diversified, with your blog income you have kind of a mini-business. Looking forward to your next updates seeing how things progress.
Solid numbers with regard to your other income streams, the pie will grow nicely over time,
Well done, Rob! Keep it up!
hey shape
thanks! slowly but surely it increases. Drip drip drip =)
Hey Rob,I just came across your site for the first time and really liked it. I’m wondering what prompted you to go for xaw etf at the beginning? Recommendation from someone, or just research? Looking for ward to future postings. Go Leafs Go (next year).
hey Francois
welcome and thanks! Xaw is noticed a couple other bloggers holding it so looked into it. It has had good results and low fee. I liked its increased tech allocation vs other funds as well.
It’s a great simple place to be to enjoy increased diversification ex Canada. Ex Canada is great as we are heavy cdn dividend stocks in our tfsa.
Hope that helps
cheers!
Hey, Rob. I like the Adsense bonus this month. A nice surprise, no doubt.
ABBV looks like it could become a triple-digit dividend payer for you very soon. Given their historical dividend growth, you might cross $100 at the next raise. Too bad you can’t DRiP that one, otherwise you’d get there even faster.
I like the MSFT addition. I’ve been telling myself to slowly add a share each month, but I’ve been too reluctant to do it, as the price seems so expensive. I applaud your commitment. I’ll be ready should the price decline ever come! Take care.
hey Paul
thanks, honestly I’ve been on the fence about growing that abbv position. I always want each stock to be dripping for us but the fact that we are getting almost 100 usd each quarter is nice for spending. No conversion rates switching between cnd to usd. If those raises push us over to start dripping guess no complaints either way!
Microsoft just keeps running, thats the thing with those big tech companies, they are just so powerful. Any competition popping up just gets bought out. Hopefully it dips nicely but who knows, definately would like to grow this one into one of our core positions.
cheers Paul!