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
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.
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|
|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)|
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
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
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
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
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
- 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.
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.