May 2022 Passive Income – Sunshine & Dancing

• 5 Dividend Raises
• 3 sources of passive Income
• $485.71 from dividends
• 6 stocks/units dripped in May

Hey, Everyone

I feel like May was one of the fastest months ever. Here we are June already. Insane. Time is flying by but that just means its almost camping season. woot woot!

The market was full of volatility and I think its safe to say this year is going to be a bumpy ride. Like always though, long term picture this is a good thing.

Life

• Work has been crazy busy still – 6 days a week and we continue to fall behind. Good problems though right? Can’t complain about being busy, but make sure you take time for yourself as well.
• We got the gardens all mulched up, veggies planted and drip lines setup. That’s always a good feeling to be done with that, now if only the grass would slow down just a bit =)
• Been swimming at neighbours and having fires/ drinks.
• Our daughter had her first dance recital. 8 months of dance class for 2 minutes of her on stage. It was fantastic, she did great and you could tell she loved it. (Dad did too!)
• Opened up the trailor and got sheets cleaned etc, ready for another season. Can’t wait, we have lots of trips planned once again.

Lets get to the passive income though right?

Alright, Let’s Get To Our May 2022 Passive Income

Raises

This month brought a solid amount of dividend raises to boost the portfolio. Gotta love it.

• Telus 3.4% div raise adds – $12.09
• Suncor 12% div raise adds – $75.09
• Algonquin Power 6% raise adds – $33.94
• Bank of Nova scotia 3% raise adds – $12.84
• National Bank 5.74% adds – $24.20

 

Total Added Income from Dividend Raises in 2022 – $302.71

Overall these raises added an additional $158.16 in forward income to the portfolio. Our portfolio yield on cost is 4.16%. So these raises in May are like deploying an additional $3,800 in new capital at our yield on cost. Very nice!

 

May 2022 Dividend Income

8 Companies paid us this month.

Stocks	May 2021 Income	May 2022 Income
Proctor & Gamble - USD	20.88	21.92
Air Products & Chemicals - USD		74.52
Texas Instruments - USD		11.50
Interpipeline	8.32	sold
Abbvie - USD	91.00	98.70
Smart Centers	32.22 (One Drip)	34.07 (1 Drip)
Rit Etf	64.73 (3 Drips)	67.16 (3 Drips)
National Bank of Canada	25.56	104.40 (1 Drip)
General Mills - USD	71.40 (One Drip)	73.44 (One Drip)
Totals	314.11	485.71

6 stocks Dripped in May

$171.60 more than last year, or a 54.63% increase. Solid! As always these are our lowest months but with the new additions its starting to beef up a bit! Love seeing that National bank drip and one holding breaking 100 bucks in this quarter.

If your interested check out our Previous Dividend Income Reports.

Our Drips (Dividend Reinvestment Program) added exactly $10.00 to our yearly forward dividend’s this month. A nice little purple bill right?

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Other Income

Private Investment Payment – $1000.00

1k a month, Straight to the heloc.

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Solar Panel Income

In April (We always get paid a month later) our solar panel system generated 937 kWh. Since we bring in a fixed rate of 28.8 cents per kilowatt hour, Hydro One deposited $264.72 into our chequing account this month.

Last April the system generated $256.03 so we are slightly higher this year, great to see.

Total Income for 2022 – $592.74

System Installed January 2018

Total System Cost ——–$32,396.46

Total Income Received ——–$10,477.96

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Amount to Break even —- $- 21,918.50

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Total May 2022 Passive Income – $1,750.43

May 2021 Passive Income – $1,187.61

A great increase year over year especially since google tossed up a couple bucks last May. Love seeing the snowball grow.

Totals For 2022

Dividends Year To Date Total – $4,054.56
Other Passive Income Year to date – $4,796.9
Total Passive Income for 2022 —– $8,851.46
Year End Goal – $25,000

 

May Stock Purchases

We continue to dollar cost average into positions weekly and enjoyed the recent market drop.

Couche-Tard

We added 19 more shares of couchetard @ 56.98 per share to our kids resp, thanks to the government for their 20% match.

Added 8.36 to our forward income.

Disney

We added 10 more shares of Disney @ 108.20 per share.

0 Dividends still…..

Restaurant Brands International

I decided to increase our position in qsr. Love the brands although the stock price has been sitting sideways for a long time…. Gotta knock that debt down a bit though.

35 shares @ 65.97 per share.

This adds $75.60 to the forward income.

Manulife Financial

Insurance should benefit from rising interest rates and this stock got hammered on their last earnings.

44 shares at $22.36 per share

Adds $58.08 in income.

Microsoft

10 more shares in microsoft. Eventually Id love this position to be in our top 5 holdings, so I’m happy to see these lower prices.

6 shares @ 265.38 per share

Adds $14.88 to those dividends.

Brookfield Renewable

This company has treated us very well. Its has been our best performer up almost 200% on our original position. Thought it was time to grow its position as renewable’s will continue to boom in the future.

42 shares @ 46.51 per share.

This adds $53.76 in forward income.

Overall we added $210.68 to our forward dividend income last month. A mix of growth and yield this month. A great combo and one I should be focusing more on moving forward.

Financial Goals Update

Charities

• We continue our monthly donation to The Nature Conservancy of Canada of $85.

Increase Dividends by $4285.81 this year. (bringing our forward income from dividends to $13,000 a year)

The goal for 2022 is to have a forward passive income of $27,500 thousand by the end of the year. I plan on doing this by refinancing our house and taking advantage of these low interest rates. I want to max out some accounts and let compounding do their magic. Its a big goal and will almost double our current passive income.

• With New Purchases, Drips, and Dividend Raises we continued to grow the size of our dividend Portfolio. Total increased so far in 2022 is $2,486.69

 

Etf Monthly Minimum Purchase of $250

• This month we added 11 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 affiliate link though.

May 2022 Passive Income Conclusion

Another great month all around, lots of growth in income and many purchases continue to increase things year over year. Compounding in action. Since we are still in accumulation mode here’s hoping the market go’s red once again. We are now close to maxing out one tfsa account. It will actually be a weird feeling not being able to add new funds to that account until next year. Guess its a good problem to have though.

I hope you all had a wonderful month as well. How did you make out? Is the volatility getting to you? Love the comments, they keep me motivated to keep posting new content.

C.A.N.I – Continuous and nonstop improvements. – Tony Robbins