April 2019 Passive Income Update

April 2019 Passive Income Update

May 1st already?

Is it just me that feels like the older I get the faster time goes by?

April was a fantastic month.

I got the yard all ready for the season – Weeding, mulching, pruning, edging, fertilizing, aerating and even got one cut in already. The last week has been cold though, so the grass stopped growing. We have gotten a tonne of rain here but nothing like up north or in Ottawa. I Hope none of you are experiencing any of those floods.

My son has taken a interest in road hockey, (finally!) so we have been playing on the driveway quite a bit and kicking the ball around the backyard as well. It feels good to be back outside after what felt like a long winter.

Our daughter is flying around now. So it should be a great summer now that we don’t need to worry about her crawling over dog poop in the yard or what not.

I got a new car this month and absolutely love it… Sometimes we try to keep a car up and running, but it sure feels good driving in a newer/safer/better looking car. =)

Now let’s check out these totals!

Raises or Cuts

• Proctor and Gamble raised their dividend by 4%. This adds $2.75 to our forward income.
• IBM raised their dividend by 3.2% adding $3.60 to our forward income.

Total Added Income from Dividend Raises so far in 2019 – $137.89

Dividend Income

13 Companies paid us this month.

Stocks	April 2018 Income	April 2019 Income
Restaurant Brands	19.04	30.53
Boardwalk Reit	2.42	sold
Nutrien	29.91	sold
Altagas	5.48	2.40
Sienna Senior	2.40	sold
ZDY Etf	7.67	sold
Corus Entertainment	19.29 (3 Drips)	sold
Cisco	43.89 (One Drip)	46.90 usd
Transcontinental	0	24.64 (1 Drip)
TD Bank	88.44 (One Drip)	89.54 (1 Drip)
BNS	0	81.78 (1 Drip)
Shaw	30.22 (One Drip)	31.40 (1 Drip)
Riocan	39.24 (One Drip)	28.68 ( 1 Drip)
Extendicare	16.40 (One Drip)	17.32 (2 Drips)
Inter Pipeline	0	27.50 (1 Drip)
Dream Global Reit	0	20.47 (1 Drip)
Telus	17.68	51.23 (1 Drip)
Algonquin Power	29.47 (2 Drips)	35.72 (2 Drips)
Totals	351.55	488.11

12 Drips this month. Got to love getting that first BNS drip.

April 2019 Dividend Total = $488.11(%38.84 higher yr over yr)

April 2018 Dividend Total = $351.55 (Previous Dividend Income)

Our Drips (Dividend Reinvestment Program) added $16.63 to our yearly forward dividend’s this month.

 

Wow over 38% growth rate? I knew it would be good but that’s really nice. With all the new buys Id like to do in the coming months, (telus/bell/nutrien) I can see these month’s becoming our highest in the future.

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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 Income

In March (We always get paid a month later) our solar panel system generated 695 kWh. Since we bring in a fixed rate of 28.8 cents per kilowatt hour, Hydro One deposited $200.16 into our chequing account this month. Not bad, Its nice to see these winter months pass and the sun come out! Total Income for 2019 so far – $406.07

System Installed January 2018

Total System Cost ——–$32,396.46

Total Income Received ——–$2,922.03

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Amount to Breakeven —- $29,474.43

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Total April 2019 Passive Income – $1188.27

Total Passive Income Increase over last year. – $50

Not a massive increase overall in the grand scheme of things. Solar was down $87 compared to last April. I saw this coming because last march was nice. Meanwhile we were still getting snow this year. Also the sales for purchasing 2 cars in the last 7 months was bound to hurt…….

Totals For 2019

Dividends Year To Date Total – $1,917.3
Other Passive Income Year to date – $2,960.66
Total Passive Income for 2019 —– $4,877.96
Year End Goal – $15,500 ——– %31.47

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March 2019 Purchases/ Sales

To buy our new car I decided to sell our positions in both Shaw and Russell Metals. This lost us $446.94 in forward dividend income. A huge blow, but its better than car payments. Also I want to focus more on Dividend Growth Stocks and these 2 aren’t them.

We also started a position in 3m by buying 6 shares. This is a long term hold and a solid dividend growth stock having raised its dividend over 60 years. I’ll be adding to this position in the coming months if the price drops or stays sideways. This added $34.56 in forward income.

Goals Update

• I want to read 10 books this year. I finished that real estate book and started reading the compounding effect this month. 2/10 all yr.
• Get A Will – DONE. You can read about that here.
  
• Picked up some Garbage – Grabbed some while hiking or walking dog. Haven’t made a trip out of it though. Ie just go to beach etc to pick up garbage for a hour or 2.
• Charities – Committed to donating $50 a month to The Nature Conservancy of Canada.
• Increase Dividends by $1,100 this year. With New Purchases, Drips and Dividend Raises this month we added $57.54 to our dividend Portfolio. So far in 2019 we have added $429.65. %39.05 of our goal. (Lost $446.94 on sale for car, but want to keep this separate)
• Reduce Screen Time before Bed – Failed big time! I might of read a bit some nights before bed but that phone always comes out…..

Conclusion

Overall a great month. I love finally seeing that BNS drip as I’ve been slowing working on that position. Numbers are a little mucked up with all these sales the last year, but moving forward things should be a lot cleaner in that regard. The Shaw sale is going to hurt these totals moving forward though.

How about this last season of Game of Thrones? My wife’s really into it, but I have never been. (and have no clue whats going on.) This season I have been watching it with her for the final battles. (Lord of the rings style) Got to say I’m pretty impressed! Looking forward to the final 3 episodes..

Well that’s it for our April 2019 Passive Income update.

How was your month?

Wish you all the best, Cheers!

“If you don’t build your dream, Someone will hire you to help build theirs” – Tony Gaskins