October 2021 Passive Income Report – Best One Ever?

October 2021 Passive Income

  • 2 Dividend Raises
  • 3 sources of passive Income
  • $913.36 from dividends
  • 18 stocks dripped in October

Hey

Another great month, the market continues to post green but some stocks had some really nice buying opportunitys. Inflation and supply issues remain an issue. The supply issues I keep hearing really makes me wonder if the market is in fact too high… but hey we will see. Christmas gifts may be an issue this year, we have already started buying ours to avoid a Arnold Schwarzenegger and Sinbad – Jingle all the way event.

Life

 

This month was pretty quiet for us. Time flew by though, its crazy to think its November already.

  • We rented a couple cottages in wasaga and celebrated my dads 65th birthday. Lots of family and his friends, a great volleyball game and tonnes of food.
  • I did a sidejob or 2 on the weekends to bring in some extra cash.
  • We started planning our vacation for the winter. Just me and the wife this time – first time vacation kid free in almost 9 years. I was really into Costa Rica but our travel agent really is telling us not to go there due to high covid atm.. Wife wants Mexico – that may be our go to this winter.
  • Kids got a tonne of candies for halloween. Our daughter was really into it and we ended up going to every house in the survey. Me and the wife have been trying to tax em but also watch that diet due to our trip.

I started growing the moustache again due to movember. Always love having it back and try to raise money for men’s health. Since 2018 we have raised $510.

If you would like to donate, that would be great and would put a smile on my face. Thanks!

My Movember

 

Alright, Let’s Get To Our August 2021 Passive Income

Raises or Cuts

  • Suncor raised their dividend by 100% Amazing since I bought this stock at the start of the month. This raise adds $168.84 in forward income.
  • Abbvie came through with a 8.5% increase. This adds $30.80 in forward income.

 

Total Added Income from Dividend Raises in 2021 – $342.26

Just like that our dividend raises in 2021 more than doubles. I recently started a position in suncor due to the high gas prices, commodity effect in this inflationary environment and some really bullish articles on seeking alpha. I was expecting a 25% raise next yr not a 100% one this year. Just awesome. Abbvie came through as well. Now if only those financials would start raising….




January 2021 Passive Income

October 2021 Dividend Income

12 Companies paid us this month.

StocksOctober 2020 DividendsOctober 2021 Dividends
Riocan31.20 (2 Drips)sold
Extendicare18.96 (3 Drips)sold
Interpipeline8.32sold
Nutrien28.8128.13
Restaurant Brands76.30 (1 Drip)74.32
Cisco48.96 (1 Drip)51.06
Bell Canada74.09 (1 Drip)139.13 (2 Drips)
Transcontinental26.78 (1 Drip)27.68 (1 Drip)
Telus73.10 (3 Drips)83.16 (3 Drips)
TD Bank100.33 (1 Drip)103.49 (1 Drip)
Bank Of Nova Scotia90.00 (1 Drip)93.60 (1 Drip)
Smart Centers25.28 (1 Drip)32.99 (1 Drip)
Tc Energy116.58 (1 Drip)
Rit ETF65.75 (3 Drips)
Algonquin Power58.04 (2 Drips)97.47 (5 Drips)
Totals660.17913.36

18 stocks Dripped in October

Well there it is, our first month over $900. Does it ever feel good! Love those 2 drips from Bell now quarterly and 3 positions paying us over $100. Next time algonquin will join that list as well as we recently grew that position too.

A 38.35% yr over yr growth in dividend income. These months are firing now.

If your interested check out our Previous Dividend Income Reports.

Our Drips (Dividend Reinvestment Program) added $30.40 to our yearly forward dividend’s this month

october 2021 passive income


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…….


Solar Panel Income

In September (We always get paid a month later) our solar panel system generated 809 kWh. Since we bring in a fixed rate of 28.8 cents per kilowatt hour, Hydro One deposited $232.99 into our chequing account this month.

Last September the system generated $225.79 Im actually really surprised this one was higher year over year. I feel we have just gotten a tonne of rain and the sun has retreated, ahhh well no complaints.

Total Income for 2021 – $2,224.22

System Installed January 2018

Total System Cost ——–$32,396.46

Total Income Received ——–$9,711.03

_____________________________________________

Amount to Break even —- $—22,685.43



 


october 2021 passive income

Total October 2021 Passive Income – $ 1,646.35

September 2020 Passive Income – $‭ 1,491.65

Total Passive Income Increase over last year. – $154.70

A 10.31% growth rate. Not huge but we also got 102 bucks from google adsense last yr which throws these numbers off. Without that we would have a respectable 17.07% growth rate.

october 2021 passive income

Totals For 2021

Dividends Year To Date Total – $6,708.04
Other Passive Income Year to date – $7,897.14
Total Passive Income for 2021 —– $14,605.18
Year End Goal – $17,390.71 ——– %83.98

We should be getting 8.3% a month and with 10 months done we should be at 83%. Bang on

Purchases

 

October 2021 Purchases/ Sales

This month was busy with trade activity and I sold off 2 laggards in the portfolio. I really like the look of it now and don’t see anything I’m contemplating selling.

Transcontinental – Sold

This is one that hasn’t produced and also hasn’t raised their dividend. We were up about 20% for awhile but then the stock quickly retreated. At the end of the day I didn’t see the fit in the portfolio and felt putting that money into suncor would probably be a large improvement at their stock prices.

We sold 127 shares of tcl at a slight gain and lost $110.70 in forward income.

Suncor – Purchase

We decided to add new capital and take the proceeds from tcl to buy 201 shares of suncor at the start of the month. The risk reward was just wayyy to high at these oil prices. Obviously this play worked out as they raised their dividend by 100% at the end of the month and the stock price continues to climb.

This purchase added $168.84 (Not including recent dividend raise)

IBM – SOLD

Every quarter since I’ve owned this I’ve hoped for some kind of earnings beat. Cloud was looking promising, unfortunately the rest of the business doesn’t. A long time ago Mike @thedividendguy told me to sell ibm and buy more microsoft. I said no, hard to resist that huge dividend right? Well I should of, microsoft continues to just be amazing and ibm sits sideways and tosses a couple penny’s more each year.

We sold our ibm shares at a slight loss, but collected those dividends all these years. Probably were close to break even. We lost $183.63 in forward income.

Lockheed Martin – Purchase

The main factor to get me to sell ibm was the huge pullback on lmt when they released their earnings. Their earnings really weren’t that bad! They had the pension costs and the comment about looking at their 5 year plan. I think that is what made a lot of people jump ship. This is still a wide moat stock that isn’t going anywhere. If anything we will hear how much buybacks they completed after this dip in my opinion. They love to buy back their stock and I think they are confident in their business after recently raising the dividend by 7.6% last month.

I have been buying them quite a bit this year and continued on this dip.

We bought 14 more shares at $327 per share adding $156.80 to that income.

ALGONQUIN POWER

I have a problem and algonquin seems to be that problem. I really like this stock but man oh man do they ever like diluting their shares. They issued more shares for another acquisition. I like this deal as it will instantly be good for the bottom line. Switching the coal power over will be costly, but its the right thing to do.

Issuing more shares at a 52 week low isn’t good though. That’s why I love lmt and suncor buying up their shares at their low prices.

As I keep saying water, renewable’s, regulated utility’s and a 5% drip discount whats not to like? I don’t mind the lower prices as we keep accumulating more shares and dripping them, but I keep saying I have enough and then we see another dip……… haha!

We bought 62 more shares which adds $42.99 usd to that income.

Xaw Etf

Added 9 more xaw to the portfolio as well.

Adding about $4.06 =)

Overall we added $78.36 to that forward income with these new purchases (not including suncor’s recent dividend raise)

 

Financial Goals Update

Charities

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 $1,384.72 82.41% of our goal.

Somewhere along the line I must of messed this up as our forward income from dividends has now hit $8,364 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 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.




October 2021 Passive Income Conclusion

These month’s are definitely my favourite of each quarter these days. I keep loading more $ into these stocks and cant wait to break 1k. The raises were fantastic due to suncor. This is our 2nd time getting an 100% dividend raise. (Restaurant brands International was our other)

Tomorrow we hear if the Canadian Financial’s can start raising their dividend or buying back shares. Here’s hoping. A great month all around, I hope you all had a successful one as well.

Cheers Everyone!

Sometimes you will never know the value of a moment until it becomes a memory- Georges Duhamel

27 Responses

  1. Looks like a solid month all around – will be cracking 1k in no time.

    A couple nice purchases. I’m still holding onto Transcontinental (im still up about 30%). I’ll wait on the first few post covid quarters to see if I’ll continue to hold long term though. There’s a lot of companies I want to buy – and I’m sitting on the cash to do it…but I still feel valuations have to come down soon.

    Mexico will be fun I bet – especially with no kids! We haven’t gone on – or even seriously discussed any travel yet…..hopefully by next year we are comfortable/confident in doing so.

    Cheers

  2. Hey Rob,

    Closing in on that four-figure barrier. Really impressive numbers.

    The SU and ABBV dividend raises are both impressive. Glad to see companies feeling more comfortable with dishing out serious income to shareholders (read: us).

    Looking at your spreadsheet and bar graph, I feel like I’m looking at my own spreadsheet. Different numbers, but the layout is identical.

    Take care,
    Ryan

    • Rob says:

      haha good to hear man. Things seem to be rolling! Nice now that the financials were given the go ahead as well. bring on the raises!

      cheers Ryan!

  3. jimmboe says:

    Congratss!! I was just shy of 1K for October. Have a great trip, where ever it is you go!

  4. That is huge YOY growth! Congrats! You’re about to cross into 4-digit $1K territory. Keep it up! 🙂

  5. Norm says:

    Hey Rob, I suffer from the same AQN affliction as you! 😀 Once the share price dropped in late September how were dividend investors supposed to ignore the opportunity?? Forget that AQN exists? Hell no! I picked up a lot of AQN shares the past month as well, but I’ve since banned that ticker from my buy screen.

    Huge congrats on the IBM sale, there are far better opportunities out there for your investment dollars. How many US stocks do you own directly after that sale? Through these updates I’ve watched your portfolio transform and it’s far more sturdy now.

    Respect to your monthly XAW buy strategy, and committing to it. I keep telling myself I’ll buy some more XAW next month, but when next month hits and available cash is ready, there is always a better buying opportunity that prevents me from adding more XAW.

    Enjoy the month and looking forward to your next “non-dividend update” post!

    • Rob says:

      hey Norm

      but I’ve since banned that ticker from my buy screen. – haha. 15 is my next target for now lol
      Currently we have 9 individual us stocks. I agree the portfolio has had quite the transformation and looks alot better.

      Im in the same boat with xaw, I always think to put that money into another stock but the solar payment normally is around 250 so i juts try to throw that. It tends to keep things simple

      looking forward to your next “non-dividend update” post! – Its been awhile eh?

      cheers Norm

  6. Alex says:

    “…I was really into Costa Rica…” – no, check Panama, may be you like there.
    Even more – https://panamarelocationtours.com/is-retiring-in-panama-right-for-you

  7. Doug says:

    Nice dividend haul, you will be blowing by $1,000 in dividends in no time keep adding.

  8. Well done on the solar system install and continual benefit to reduced fossil fuel dependance. My entire house is electric from water heater to heat pump for home heating. We will be installing a solar setup on the house but not until we re-finance the mortgage at renewal time. When you are FI and no longer working the cashflow isn’t there, thats the tough part on the journey mentally with FIRE, no longer being able to do stuff right away.

    • Rob says:

      hey Chris thanks

      At least in this market Im sure you could have more than enough equity when the time comes to install a system. Have you looked into the systems lately? would it just be a credit feed to grid kind of deal?

      cheers man

      • Yup, crazy amounts of equity. But the big trick is getting approved to access that money. You will find out when you FIRE or FIWOOT (as Mark puts it) that banks don’t like the fact we aren’t working full time anymore.

        Solar is just a credit on the system here and they reduced the credit rate also, its a big boondoggle with the money disaster that BC Hydro is and the building of the provinces biggest hydro dam ever. So that is why there also isn’t a solar panel upgrade grant/credit program here either. At least the federal program exists right now.

  9. Ken deHaan says:

    Suncor and AQN are my best purchases lately, do not like the dilution but they keep growing and should be good over time.

    We started going to Playa del Carmen 12 years ago for one or two weeks, now we love Mexico so much we go for 2-3 months in the winter. Missed last year :>(

    • Rob says:

      hey Ken

      welcome!

      nice buys. Sounds like your already living the dream. I dislike our winters and would love to go south for them. haha one day!
      how does it work with the water down there for 2-3 months? I think if we go for a week we should take a pill or something to line our stomach. dukoral?

      cheers Ken

  10. Unless there is a huge correction in the market in the next few weeks – I doubt ill be putting it back into XAW right now. The portion I’ve spent so far is up over 30% (ATD & Greenlane)

  11. PCI –

    You are on FIRE, what a month, WOW.

    -Lanny

  12. Johnny says:

    Hey Rob – would you mind sharing how big your dividend portfolio is?

  13. Vibrant Dreamer says:

    Nice increase, Rob! You guys are crushing it. Keep up the great work.

    Mexico or CR, they are both super beautiful but if I have a choice, it will be CR hands down.

    I just feel I have too much Oil exposure but trying to figure out if I add $SU or not.

    • Rob says:

      hey Vibrant

      thanks it was a good month for sure. Mexico it is, easiest place with covid rules atm.

      I feel ya about suncor, I keep debating more but dont like the politics in this space at the moment.

      cheers

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