November 2018 – Passive Income
November 2018 – Passive Income
Hey, November 2018 was a decent month, nothing special. We did get hit with like 4 inches of snow that wouldn’t melt, halfway through the month. It just melted so we are just finishing up the leaf cleanups for the season and then I’m done landscaping again. I already got a interview for a new job this Friday. Here’s hoping….. I don’t want to sit around this winter, like last winter. Stack them cheques!
How do you like that sweet beast of a stache? This was the first time I actually signed up for Movember and ending up raising 170 bucks for men’s health. Pretty dam cool if you ask me. Did you do it or support the cause?
Raises or Cuts
I bought Inter Pipeline after the raise but will still benefit from it. They boosted it by 2% this month
Telus also raised their dividend for the 2nd time this year. Boosting it by another 3.8%.
Disney boosted their semi annual dividend by 4 cents approximately a 5% raise.
Dividend Income
12 Companies paid us this month.
| Stocks | November 2017 Income | November 2018 Income |
|---|---|---|
| Cineplex | 11.20 | sold |
| Auto Properties Reit | 3.62 | sold |
| Potash Corp | 18.10 | N/a |
| Proctor & Gamble | 0 | 17.21 |
| National Bank of Canada | 20.88 | 22.32 |
| Altagas | 5.25 | 5.48 |
| Sienna Senior | 2.40 | 2.45 |
| BMO | 15.30 | 16.32 |
| CVS Healthcare - USD | 8.50 | 15.50 |
| ZDY Etf | 7.13 | 7.67 |
| Boardwalk Reit | 22.13 | sold |
| Shaw | 29.72 (1 drip) | 30.91 (One Drip) |
| Emera | 0 | 54.05(One Drip) |
| Corus Entertainment | 9.79 | n/a |
| Riocan | 37.84 (1 drip) | 40.08 (One Drip) |
| Extendicare | 15.28 (1 drip) | 16.92 (2 Drips) |
| General Mills - USD | 61.74 (1 drip) | 63.70 (One Drip) |
| Totals | 268.88 | 292.61 |
6 Drips this month. Not bad…. but on the lower side, this quarter
November 2018 Dividend Total = $292.61 (%8.82 higher yr over yr)
November 2017 Dividend Total =$268.88 (Previous Dividend Income)
Our Drips (Dividend Reinvestment Program) added $7.90 to our yearly forward dividend’s this month.
A 8.8% year over year growth is my lowest in quite some time… A couple factors, but ultimately I haven’t found a solid buy to add to this part of the quarter in awhile. The other 2 months have been getting pumped up though. If I had US dollars Abbvie would be a great boost to these months.
- Sold Boardwalk reit a loss of 22.13
- Corus Entertainment switched its dividend from monthly to quarterly. A loss of $9.79
- Potash Corp no longer pays in this month – 17.21
Other Income
Private Investment Payment – $500.00
Nothing new here, just our regular monthly payment
Solar Income
In October our solar panel system generated 426 kWh. Since we get paid a fixed rate of 28.8 cents per kilowatt hour Hydro One deposited $122.69 into our chequing account this month.
However, this is about half of last month’s production. The winter month’s are here and me and the panels don’t like that. haha!
System Installed January 2018
Total System Cost ——–$32,396.46
Total Income Received ——–$2476.22
_____________________________________________
Amount to Breakeven —- $29,920.24
Total November 2018 – Passive Income – $915.3
Total Passive Income Increase over last year. – 19.04%
Totals For 2018
Dividends Year To Date Total – $4451.83
Other Passive Income Year to date – $8405.03
Total Passive Income for 2018 —– $12856.86
Year End Goal – $15,000 ——–%85.71
November 2018 Purchases
Conclusion
Over 900 bucks put into our accounts this month for doing absolutely nothing… Pretty good. However a little disappointing. This was our first month since February that we got less than a thousand bucks… Womp. Womp.. que Debbie downer
The funds just get put back to work to strengthen our dividend portfolio.
Our growth numbers as a percentage have went way down. I guess this is normal at the higher numbers, but I’d prefer them to be around the 20% rate. (Our overall passive income is around here though)
I know this is the lowest income producing months of the quarters each time though. Meanwhile, I have been putting more money into the other months as I feel there was better opportunities there. In short, I should try leveling out the months better.
Our Goal for the year most likely wont be realized. With $2200 to go and only one month remaining, it will be hard. I’m perfectly fine with that though. Last year our total income for 2017 was $6,328.41. That is a massive improvement, and sometimes we need to pat ourselves on the back for losses as well. haha!
Let’s see how close we can get though…
How was your November? Did you get any of those dividend raises?
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.
Total Passive Income for 2018 —– $12856.86
Man – that is amazing.
Insane year over year growth too! Stache was nice and greasy – just the way it should be.
Congrats – and all the best in December
haha Jordan
Glad you like the stache. That passive total is pretty nice, surprised how fast it adds up
cheers
Got to love that mustache!
Dividend income alone looks great, but that solar income and private investment really took it to the next level! I wish I could install solar panels on my roof and sell it for that price, because I would do it immediately.
Keep up the good work!
hey deluge
Thanks, its definitely nice having alternate sources throwing me some cash too!
cheers
Solid month turned in, and that growth in overall passive income is fantastic. Like you said, despite it being unlikely to reach your goal, there is still a lot that has been accomplished and growth that anyone would be proud to have. Well done.
Also, nice work with the stache and raising some money for men’s health. I did it a few years back, however I have since grown out the full beard and never shaved it off. 🙂
hey dd
Thanks man. Funny maybe its your little profile pic but I always envisioned you to be a clean cut suit guy! My beard game is still a lil patchy, so stache’s or nothing.
Cheers
The real question is, do you like the ‘stache enough to keep it? If so, you’ll have to update your picture at the bottom of the posts. ?
Regarding the dividend income, steady as she goes… Nice work. Terrific contributions from all the sources. However, no affiliate income this month? I thought it might perk up with the holiday shopping season upon us.
hey ED
thanks man, I actually shaved it off on the first. Some of the girls round here were heckling me about it, wife didn’t mind. I grew one for about 2-3 months in the past, even had that monopoly twist! maybe another time. haha.
Thanks, slowly but surely. My amazon has been going up with holiday shopping for sure, just didn’t pay me out yet for that. Thanks if your using one of my links =)
cheers
PCI –
SOLID dividend growth and love that the solar panel income is still coming your way, curious on what December/January will bring to the table. Can’t wait to see you crush/cross 100% of your goal, too.
-Lanny
hey Lanny
Thanks man, dec and jan should be pretty shitty on the solar front. hahaha, womp! Atleast it makes feb and march more exciting!
cheers
A very impressive year and some nice adds this past month, well done!
See you in January
hey Brian
Thanks man, piece by piece this puzzle grows.
cheers
PCI,
Soon you will never have to deal with with less than $300 per month in dividend again. Keep moving forward and stick to the plan.
hey Pursuit
Thanks, definitely looking forward to it!
Hey Rob,
Impressive increase compared to last year, especially when we look at the overall number for the year so far!
Even though you have quite a few companies paying this month, I am not familiar with most of them 🙂
Looking forward to see if you can reach the annual goal, I think it should be a close call 🙂
Good luck!
BI
hey Broke
Thanks… I have a couple non dividend growth stocks, so they are lesser known for sure. Keep debating swapping them out but like sector diversification for now.
We will see how the goal go’s
cheers!
Your dividends are still up pretty good from last year, that’s all that counts..
hey John
welcome to the site and thanks for commenting.
Thanks, slowly but surely they grow
cheers
Nice month. Think this is one of the first months this year you haven’t had just crazy off the wall growth numbers. But still very solid growth anyway. Also I didn’t do Movember, but did do no shave November. It was funny because all my friends wanted me to do it and I had to tell them “guys, I haven’t shaved since like September. One more month is nothing” lol. Still rocking the full beard now.
haha, big smile while reading your comment. Sounds like me and my boys!
My beards all patchy, so stache it is!
I know these months have been slacking for sure! Once our dollar gets alot better compared to the usd. T and abbvie would be a nice fix to the problem!
cheers Daze.
Hi Rob,
I’m new to your blog and will take some time to go through some of your other posts. I too am from Ontario but I’m more of a Raptors fan and Leafs bandwagon.
Great work on the passive income!! I think this is that’s the best way to reach financial independence! My wife and I got tired of the Canadian winter and decided to become snowbirds. We’re travelling in South East Asia right now and will be back in Canada in the spring. Dividend income is what helped us get there (we’re in 40’s).
Ernest
hey Ernest
Welcome
That is fantastic. Sounds like you made it. Are you already financially independant?
Well enjoy Asia.
cheers
Hi Rob,
Yes, but I didn’t know we actually reached FIRE, I didn’t know about FIRE until recently. The savings and investing was something I did based on what I learned in books eg The Wealthy Barber, Rich Dad Poor Dad and other more sophisticated investment books (Technical Analysis, Value). It was something I had to do to ensure we had a good retirement. We really never thought about retiring early, we just thought you had to work until you’re in your 60s. Finding this community showed us there are different options :).
Ernest
Just Awesome Ernest!
Got to love hearing about people living the dream.
cheers
I think almost hitting $15,000 of passive income is pretty awesome! Keep up the great work Rob!
hey Gym
Me too, thanks!
Good job. GIS is really paying you good money. Hopefully by 2021 I’m bringing in over 10,000 grand a year. Keep it up
hey Doug
Yeah gis treats me alright! The stock price hasnt though. Haha id buy more if it wasnt such a big position.
With what your doing these days, you certainly can hit 10k.
keep it up.
cheers
That’s some serious YoY growth! I like the way you’re dripping your income higher every month and you seem to have a well diversified portfolio including the solar panels and your private investment. Keep up the good stats, and well done on raising money with Movember!
DI
hey Dutch
Thanks. I normally grow a stache in October but never signed up to actually raise money, so that felt good.
Got to love drips!
cheers Dutch.
Hey Rob,
Great job on the ‘stache. I didn’t wind up doing Movember this time around, but glad to see it’s going strong!
You and I seem to experience the same November drop in passive income. It seems to be a really off-period for dividend growth companies… particularly from the Canadian side of the equation. That said, your graph looks great and I’m sure you’re sizing up for a huge December to close the year.
Take care,
Ryan
hey Ryan
yeah we are alot alike in that regard. Im really debating selling my us dividend etf and buying either T or abbvie at current prices. That would definately help these months.
Cheers
How did the job interview go? Any plans for the winter? I like your purchases for the month! These solid positions will add a nice income! That’s OK if you won’t meet the 15K goal. Maybe you raised the bar too high from the start. If you can make another $1,200 in December then your total passive income will be above $14,000 – more than double from last year!
great points German.
The interview was good. Feel really good about the interview part of things… It was a job fair though and there was a tonne of people there. So that was weird as ive never experienced that.
If they liked me and i did good on the tests guess ill hear from them this week. Heres hoping.
As for winter no real plans yet. Busy with christmas and then jan the wife gos back to work so that will be a change. You got any big plans?
cheers
Solid month from various income sources. As you said, $900+ coming in for doing nothing… just going about your regular November is pretty sweet. Keep up the solid progress. Nice mustache too by the way 🙂
haha thanks Hut!
Congrats on a solid dividend income for Nov! And that mo looks sick, you should just keep it for the entire year. 😉 :p
haha
Thanks Bob. I dont mind it, but it starts to tickle my cheaks when it gets that twist.
haha. Its gone maybe ill keep it longer next time.
cheers!