September 2020 Passive Income – $1,541.76
Pinery Beach
September 2020 Passive Income Highlights –
- 2 Dividend raises – Microsoft & General Mills
- 3 Sources of passive Income
- $741.38 from dividends
- 20 stocks dripped in September
Another month is in the books! Our son’s back in school and we did 2 camping trips. (well we just got back from one yesterday)
In the middle of September we went to The Pinery with our family. (One of my favourite campgrounds) Freezing cold nights followed by sunny days. Got the heater working in the trailer so that was a huge plus.
This past weekend we went away to Grundy Lake. I haven’t been here in a lonng time, but as a kid it was the place I would go with one of my best friends and his family every year. Was great to be back and the wife & kids want to go again next year. Our site was right on the water and beside a beach – a huge plus. My son also loved the hiking trails as he got to climb all the rocks. Didn’t see any bears or moose but did see a black backed woodpecker – very cool, never seen them before.
Grundy Lake Trail
That will be all the camping this year, although me and 2 of my buddy’s will do our fall fishing weekend sometime this month if we don’t go into full force covid lock down……..
Alright, Let’s Talk Money!
Raises or Cuts
Its been awhile but this month we got 2 raises.
- Microsoft 9.8% raise – adds $1.02 to forward income
- General Mills 4.1% raise – adds $11.04
Total Added Income from Dividend Raises in 2020 – $124.18
Dividend Cuts Reduced Dividends in 2020 by $327.03
Dividend Income
15 Companies paid us this month.
| Stocks | September 2019 Income | September 2020 Income |
|---|---|---|
| IBM | 29.16 | 45.64 usd |
| Brookfield Renewable Corp | n/a | 20.38 |
| Canadian National Railway | 33.33 | 44.28 |
| MSFT | 0 | 2.55 usd |
| JNJ | 0 | 33.33 usd |
| 3M | 17.28 | 32.34 usd |
| Altagas | 2.40 | 2.40 |
| Dream Global Reit | 20.80 (1 drip) | Bought Out |
| Interpipeline | 28.22 (1 Drip) | 8.32 |
| Smart Centers | 0 | 25.13 (1 Drip) |
| Riocan | 29.28 (1 drip) | 30.96 (2 Drips) |
| Brookfield Property | 92.13 (3 drips) | 118.82 (7 Drips) |
| Brookfield Renewable | 97.91(1 Drip) | 83.21 (1 Drip) |
| Enbridge | 160.89 (3 Drips) | 185.49 (4 Drips) |
| Canadian Utility's | 83.69 (2 Drips) | 89.69 (2 Drips) |
| Extendicare | 17.72 (2 Drips) | 18.84 (3 Drips) |
| Totals | 612.81 | 741.38 |
20 stocks Dripped in September – Fantastic Stuff!
A solid 20.98% growth rate year over year. The snowball grows faster and faster and the drips just propel it. Compounding working its magic!
If your interested check out our Previous Dividend Income Reports.
Our Drips (Dividend Reinvestment Program) added $33.65 to our yearly forward dividend’s this month.
Trailing 12 Month Return
-3.47% Not good, lack of tech really shows at the moment.
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 Income
In August (We always get paid a month later) our solar panel system generated 1,043 kWh. Since we bring in a fixed rate of 28.8 cents per kilowatt hour, Hydro One deposited $300.38 into our chequing account this month.
Last August the system generated $358.27, but only 300 the year before. Clearly the weather varies quite a bit. Either way a decent chunk of change to add to the passive income stream.
Total Income for 2020 – $2,099.51
System Installed January 2018
Total System Cost ——–$32,396.46
Total Income Received ——–$7,068.92
_____________________________________________
Amount to Break even —- $-25,327.54
Total September 2020 Passive Income – $ 1,541.76
September 2019 Passive Income – $1,492.25
Total Passive Income Increase over last year. – 49.51
Not a massive growth rate overall. From a dividend perspective things were good but solar dropped things overall. Still almost 50 bucks, it’s going up!
Totals For 2020
Dividends Year To Date Total – $4,900.55
Other Passive Income Year to date – $7,023.57
Total Passive Income for 2020 —– $11,924.12
Year End Goal – $17,200 ——– %69.32
Doubt we will hit our year end goal but things will be close.
September 2020 Purchases
We actually sold off one of our positions this month
- Sold 30 shares of Altagas (A original holding of ours, that I no longer wanted) Lost 28.80 in forward income
But added 2 more tranches of qsr this month
- 29 shares @ $72.80
- 21 shares @ $71.45
- Overall this added 104 usd to our forward income and now will hopefully drip a share each quarter! You can read more about these moves here.
- We also added 10 more xaw etf this month.Threw the solar income right at it, This added a couple bucks…
Goals Update
Im reading a Book called Writing Without Bullshit, It stresses removing all the bullshit from posts, so I have decided to keep only the financial goals on the monthly posts.
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 $149.71 to our dividend Portfolio. Total increased so far in 2020 is $1,005.08. 58.75% of our goal.
Still Behind and while I’m tempted to add to my reits at huge yields, I like focusing on quality during these times.
Etf Monthly Purchase of $250
- We added 10 more shares of xaw etf this month for roughly 285 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.
September 2020 Passive Income Conclusion
A great month overall, with a couple raises, a solid dividend growth rate, lots of drips and growing a position large enough to start dripping it each quarter. Who knows what the market will bring, but clearly by continuing to throw money into quality dividend growth stocks the snowball grows.
How was your month? Is your income growing at a decent pace despite the current affairs?
cheers!
“Make a plan and stick to it. Unless it’s not working – Yogi Berra.”
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.
Congratulations on another awesome month! Gotta love those dividend raises, especially from MSFT, huge 10% raise 👍🏼
DG Capital
hey Dg thanks man
I know your a big fan of microsoft, so hopefully that raise had a bigger impact on your portfolio
cheers man
Looks like another solid month buddy.
Nice to see you are getting some outdoor family time in during these fucked up times….
Stay safe, stay warm and go jets go!
haha thanks Jordan
Life’s good… Go Leafs?
PCI –
NICE JOB! Let’s GOOOO!!!! Keep it up and love the growth year over year, no doubt.
-Lanny
haha Thanks Lanny!
A nice pop in the YoY dividend total this month, Rob. That’s the way to do it.
Too bad that didn’t carry over to the entire passive income total, but it sounds like solar put a dent in that this time around. Still… good progress.
Glad to hear you secured a couple of raises in Sept… it’s been lean the past few months, but I hope we are coming out of it… just need to avoid another Covid spike in the months ahead.
hey Paul
Thanks. yeah so true, but Im sure we will or are seeing the 2nd wave already. I hope your right about the div raises, they seem to have been coming back pretty good recently.