October 2020 Passive Income Highlights –

• 1 Dividend raise – Abbvie
• 4 Sources of passive Income
• $660.17 from dividends
• 17 stocks dripped in September

Woke up this morning to a nice dusting of snow.. Fun times. It’s hard to believe its November already but I’m starting to feel like time just go’s faster the older you get.. haha

October was a good month, went fishing with the boys (Only small Pike) but other than that things were pretty uneventful. The yard was cleaned up, waiting for like 5 trees to finish dropping their leaves and then its time to setup the ice rink.

Halloween was great as our neighbourhood did the whole trick or treating thing. Lots of people setup tables on the driveways with the treats. The tables got pillaged by the older kids though before we could get to a lot of them. haha. Our son broke away from us, since we are too slow and did most of the trick or treating with his friends.. They get old sooo fast. Unfortunately he’s starting to become a fan of the peanut butter cups. Arg!

Alright, Let’s Talk Money!

Raises or Cuts

Abbvie came through with a surprise raise!

• Abbvie – 10.2% dividend increase adds $33.60 to forward income

Total Added Income from Dividend Raises in 2020 – $157.78

Dividend Cuts Reduced Dividends in 2020 by $327.03

Dividend Income

13 Companies paid us this month.

Stocks	October 2019 Dividends	October 2020 Dividends
Interpipeline	28.36 (1 Drip)	8.32
Altagas	2.40	sold
Nutrien	0	28.81
Bell Canada	50.72	74.09 (1 Drip)
Cisco	46.90	48.96 (1 Drip)
Transcontinental	25.08 (1 Drip)	26.78 (1 Drip)
Telus	54.00 (1 Drip)	73.10 (3 Drips)
TD Bank	91.02 (1 Drip)	100.33 (1 Drip)
Bank Of Nova Scotia	86.40 (1 Drip)	90.00 (1 Drip)
Restaurant Brands	30.49	76.30 (1 Drip)
Riocan	29.40 (1 Drip)	31.20 (2 Drips)
Smart Centers	0	25.28 (1 Drip)
Extendicare	17.80 (1 Drip)	18.96 (3 Drips)
Algonquin Power	39.65 (2 Drip's)	58.04 (2 Drips)
Totals	502.22	660.17

17 stocks Dripped in October – The snowball is growing.

A monster 31.45% growth rate year over year. It’s great seeing that, as I don’t remember the last time it was over 30%.

If your interested check out our Previous Dividend Income Reports.

Our Drips (Dividend Reinvestment Program) added $25.31 to our yearly forward dividend’s this month.

Trailing 12 Month Return

-4.2% Wish it was better but banks, oil and reits have all been beaten down this year.

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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…….

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Solar Panel Income

In September (We always get paid a month later) our solar panel system generated 784 kWh. Since we bring in a fixed rate of 28.8 cents per kilowatt hour, Hydro One deposited $225.79 into our chequing account this month.

Last September the system generated $228.96. Pretty crazy how close those numbers actually are, wow.

Total Income for 2020 – $2,325.30

System Installed January 2018

Total System Cost ——–$32,396.46

Total Income Received ——–$7,294.71

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Amount to Break even —- $-25,101.75

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Google Adsense

This month google adsense made it to that $100 mark and google deposited $101.69 into our account. Thanks for putting up with the ads on the site.

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Total October 2020 Passive Income – $ 1,491.65

October 2019 Passive Income – $1,231.18

Total Passive Income Increase over last year. – $260.47

Overall a 21.15% growth rate year over year. That’s solid, gotta keep it going.

Totals For 2020

Dividends Year To Date Total – $5,560.72
Other Passive Income Year to date – $7,851.05
Total Passive Income for 2020 —– $13,411.77
Year End Goal – $17,200 ——– %77.97

With 2 months remaining it will be close but I think we will unfortunately not hit our goal this year.

 

October 2020 Purchases / Sales

• We sold our bepc spin off shares last month and lost 62.49 usd in forward income.
• Bought 71 shares of Tc Energy. This added $230.04 in forward income.
• Added 7 more shares of microsoft boosting those divs by 15.68
• We also added 11 more xaw etf this month.Threw the solar income right at it, This added a couple bucks…

You can read about those moves in this post. October 2020 Stock Purchases/ 1 Sale

With these new purchases our dividend portfolio will now generate over 7k a year. Feels good hitting that milestone!

 

Financial Goals Update

Charities

• We continue to make our monthly donation of 75 bucks to The Nature Conservancy of Canada

Increase Dividends by $1,713.42 this year. (bringing our forward income from dividends to $7,500 a year)

• With New Purchases, Drips and Dividend Raises this month we added $242.14 to our dividend Portfolio. Total increased so far in 2020 is $1,247.22. 72.79% of our goal.

 

Etf Monthly Purchase of $250

• We added 11 more shares of xaw etf this month for roughly 315 bucks in our questrade account. 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.

October 2020 Passive Income Conclusion

Gotta love the results this report. Grew that restaurant brands international position large enough to get our first drip, Td broke that 100 dollar dividend mark, (making it the first triple digit payment of these months) and a massive year over year growth rate topped off with that sweet Abbvie raise.

Proof is in the results, stick with the plan and watch it grow. I hope you all had a fantastic month as well.

How was your October? New Records? Make Any Purchases?

cheers!

“What did the ocean say to the land?…… Nothing it just waved” – Some kid at my son’s scouts. =)