November 2021 Passive Income – Mediocre months
November 2021 Passive Income
- 4 Dividend Raises
- 3 sources of passive Income
- $324.58 from dividends
- 5 stocks/units dripped in October
Finally we see some red, then some green and more red. We got a new covid and media is eating it spreading even more fear. While it seems like a more contagious covid that’s really not that bad. Viruses wanna survive and mutate. Generally from what I understand this is what they do – spread faster but are less deadly. Maybe its a good thing, we all get it – get the anti bodies and move on with life.
As for the market well we are back to the start of November prices. Its all good. If you are still in the accumulation phase, you should welcome lower prices. I definitely do.
November was a pretty quiet month over here, not much to highlight
- We went to the arcade with the kids, played some games and experienced a real virtual reality game for the first time, that was cool
- Been watching the The leafs tear it up on the ice. Go Leafs!
- Rocked a sweet stache & Raised $380 for Movember this year
- Wrapped up the landscape season officially on Dec 2nd, was another great year.
- Booked a trip for the wife and I to Mexico – First time kid free since we had kids almost 9 years ago
Alright, Let’s Get To Our November 2021 Passive Income
Raises or Cuts
- Manulife Financial came through with a 18% increase. This adds $26.80 in forward income.
- Telus raised theirs by another 3.94% (2nd of the year) adding $11.91 to the income.
- Couche-Tard with a monster 25.7% divided raise, adds $6.12
- Bank of Nova Scotia kicked off the banks with a 11% raise adding 42$ to our income.
Total Added Income from Dividend Raises in 2021 – $429.09
Was a great month on the dividend front. Regulators gave the go ahead for the Canadian Financial’s to raise dividends and buy back their stock again. The insurers wasted no time raising theirs and the banks followed suit. Love that couche tard raise and telus with their 2nd of the year. Fantastic stuff. In total those raises added $86.83 this month.
November 2021 Dividend Income
6 Companies paid us this month.
|Stocks||November 2020 Income||November 2021 Income|
|Riocan||31.44 (2 Drips)||sold|
|Extendicare||19.08 (3 Drip's)||sold|
|National Bank of Canada||25.56||41.18|
|Proctor & Gamble - usd||18.98||20.88|
|Abbvie - usd||82.60||91.00|
|Smart Centers||25.44 (1 Drip)||33.15 (1 Drip)|
|General Mills - USD||70.38 (1 drip)||72.42 (1 Drip)|
5 stocks Dripped in November
A very minor growth rate, but these are always our lowest months. They don’t get much love. I plan on adding to our national bank position and possibly starting a position in Air products and chemicals but other than that Id love for proctor & gamble to drop in price a bit to grow their position.
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 October (We always get paid a month later) our solar panel system generated 347 kWh. Since we bring in a fixed rate of 28.8 cents per kilowatt hour, Hydro One deposited $99.42 into our chequing account this month.
Last October the system generated $127.87 I’m not surprised its lower its been pretty gloomy and wet the last couple months.
Total Income for 2021 – $2,323.64
System Installed January 2018
Total System Cost ——–$32,396.46
Total Income Received ——–$9,810.45
Amount to Break even —- $-22,586.01
Total November 2021 Passive Income – $924
November 2020 Passive Income – $ 943.59
A negative growth rate. Basically the difference in solar panel income. Its all good, we can see I sold a bunch of those monthly paying dividend stocks so to be even is not to bad.
Totals For 2021
Dividends Year To Date Total – $7,032.62
Other Passive Income Year to date – $8,496.56
Total Passive Income for 2021 —– $15,529.18
Year End Goal – $17,390.71 ——– %89.29
We should be getting 8.3% a month and with 11 months done we should be at 91.3%. Slightly behind. Gonna need a strong December but will most likely just miss this goal.
November 2021 Purchases
We didn’t buy much this month as we focused on paying off that trip.
Added 45 more shares of Manulife Financial. After their solid 18% dividend raise. I think interest rates need to rise a bit to fight off inflation. This will be good for insurers. These 45 shares add $59.40 to our forward income.
Added 7 more xaw to the portfolio as well.
Adding about $3.00 =)
Overall we added $62.40 to that forward income with these new purchases
Financial Goals Update
- We continue our monthly donation to The Nature Conservancy of Canada of $85.
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 $1,471.55 87.58% of our goal.
Somewhere along the line I must of messed this up as our forward income from dividends has now surpassed $8,600 passing the total I aimed for at the start of the year… Guess its a good problem to have. Woot! Woot!
Etf Monthly Minimum Purchase of $250
- This month we added 7 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.
November 2021 Passive Income Conclusion
A great month to be a Canadian dividend investor. There was a bunch of dividend raises and they continued to flood into December. These months are always the lowest, while they aren’t the most exciting they make the next 2 nicer. haha
Hope you all had a wonderful November as well. Did you do anything interesting? Hows your portfolio performing?
You don’t lose if you get knocked down; You lose if you stay down- Muhammad Ali
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.
Looks like a great month buddy. Love seeing the monthly growth from the first year you started tracking.
Just one correction – The leafs(laughs) WERE tearing it up – until the jets smacked em down 🙂
Hope you are enjoying Mexico!
Thanks man, the charts definitely keep you motivated eh?
Leafs 40 points this season Jets 31. We can afford to lose to the jets haha!
Mexico was great, but its nice to be back with the kids
Looks you’ve already recouped over 30% of your solar panel installation costs in about 4 years. Not bad for an investment that takes close to zero work managing and provides a useful output.
Your projected forward dividend income error reminds me of the Monopoly community chest bank error card where you get a bonus $200, that seems to have happened here as well 🙂 Either way congrats on hitting your annual goal!
For December I really want to see XAW and other ETFs increase their distributions. ETFs (dividend and growth) have lagged on their distributions the past 18 months. Hope your family has a wonderful Christmas season!
Unfortunately the solar income is less than what was estimated, but its literally no work as you said, so all good. Cant knock the error thats for sure, its to the upside right?
I hear ya about xaw and rit for us. How long do I want to accumulate a holding while it doesn’t increase their payouts. The companys they hold are raising theirs.
Even an “off” month can be a good month. Nice to see you had strong dividend raises. Have a happy holiday season! 😀
Ho Ho HO
thx dynasty, was a great month for raises. merry christmas bud!
Great month over $900 in passive income is nothing to sneeze at and the dividends will come up eventually. Keep it up.
thanks Doug, I hear ya. Slowly but surely.
Good to hear you and your family are still doing well.
November was a busy month for us in the non-registered portfolio.
Received $1923.90 in dividends.
I got tired of waiting for a dividend increase from Rogers Communications the last few years, so finally sold it.
With the proceeds from that sale along with combined savings and cash dividends, I went on a small buying spree.
Short of asset allocation in the Canadian consumer staples and consumer discretionary sectors so added more shares to:
Alimentation Couche Tard, Canadian Tire, Exco Technologies and Magna.
The last time I watched a full game of the Leafs was in 1967 on black & white TV when they won the Stanley Cup and also the last year of the original six. The NHL expansion didn’t interest me at all and after that, I tired of hockey and moved on to other interests in life.
hey hey hey
wow great stuff, you will break 2k in no time!
Love those buys, plan on buying more atd once we can contribute to kids resp again and will probably start a position in magna soon enough, electric cars will be a boom the next 2 generations.
Wow thats a long time since you watched the leafs, atleast you watched them win a cup. Im still waiting.
All the best! Ho Ho Ho
I would wait before buying Magna. They literally make no money (earnings) at the moment and might even miss next quarter earnings. Stock has to come down below $80 or even $70.
I hear ya German, especially with more lock downs. Chip shortages may just come back.