September 2022 Passive Income Update
September 2022 Passive Income Update
- 3 sources of passive Income
- $1,143.76 from dividends
- 18 stocks/units dripped in September
- Trailing 12 Month Portfolio Return +2.97%
S&P 500 12 Month Total Return -15.47% for September 2022
Start the bus, it’s time for the kids to go back to school!
September what a month. The Market is continuing its downward trend and we sold off a tonne of stocks midway. Killed our forward income but so far seems like its been a great move. Almost all the stocks we sold are way down and it feels good to be debt free once again. Feel free to read that post here.
Life
September was a lot quieter this month for us. The kids have been loving school. Our daughter started her gymnastics once again and the son tried out for rep soccer.
He made the team! Which is awesome but with that comes lots of time. It was originally once a week for the winter training but since has grown to 3 days a week. Its an adjustment for the little man to say the least.. Day 1 was tough but now we are playing almost daily in the backyard working on his skillz and lets be honest mine too!
We tackled a couple corn mazes and got some pumpkins already. This place was pretty neat as they had huge potato guns that you could shoot small pumpkins in. That was fun.
I have decided to really step up our halloween game this year. Halloween has always been one of my favourite times of the year, but this year we have been buying a tonne of animatronics and plan on maybe building a full force haunted house next yr. Its fun but there is sooo many cool things out there, I should just be sticking to some kind of theme..
Lights, props animatronics etc. It can get expensive, I keep saying Im done buying and then I see something else good on kijii! haha
Alright, Let’s Get To Our September 2022 Passive Income
Raises
After a couple months of no raises this month brought in some nice ones.
- Texas instruments started it off with a 7.8% raise. This adds $9.20 to that forward income.
- Fortis came through with a 6% boost which adds $27.36 to that income.
- Lockheed Martin increased theirs by 7.1% adding $17.60 to their dividend income.
- Microsoft rocked the largest raise increasing their dividend by 10%. Boosting our income by $7.20
Love seeing 4 different raises all north of 6%. This is how the compounding really grows and increases shareholders confidence in them. Microsoft and Texas are near the top of my buy list for stocks right now.
All in all these raises added $61.36 to our forward income.
Total Added Income from Dividend Raises in 2022 – $381.47
September 2022 Dividend Income
13 Companies paid us this month.
| Stocks | September 2021 Income | September 2022 Income |
|---|---|---|
| Rit ETF | 65.54 (3 Drips) | sold |
| Canadian Utility's | 94.12 (2 Drips) | sold |
| 3M | 32.56 usd | sold |
| IBM | 45.92 usd | sold |
| MSFT | 10.64 usd | 18.60 usd |
| Lockheed Martin | 46.80 usd | 61.60 usd |
| Stanley Black & Decker | 12.00 usd | |
| Home Depot | 19.00 usd | |
| JNJ | 45.58 usd | 75.71 usd |
| Couche-Tard | 5.95 | 18.70 |
| Canadian National Railway | 59.04 | 79.84 |
| Manulife Financial | 37.24 (1 Drip) | 138.93 (6 Drips) |
| Smart Centers | 32.84 (1 Drip) | 35.92 (1 Drip) |
| Brookfield Renewable | 86.23 (1 Drip) | 114.12 (2 Drips) |
| suncor | 191.29 (4 Drips) | |
| Fortis | 0 | 120.91 (2 Drips) |
| Enbridge | 239.65 (3 Drips) | 257.14 (3 Drips) |
| Totals | 804.02 | 1143.76 |
18 stocks Dripped in September
$339.74 more than last year. A 42.25% increase year over year. Amazing but with all our recent sales, this number will surely drop next quarter.
If your interested check out our Previous Dividend Income Reports.
Our Drips (Dividend Reinvestment Program) added $34.69 to our yearly forward dividend’s this month. A beautiful thing. =)
Other Income
Private Investment Payment – $1000.00
1k a month, Straight to the heloc.
Solar Panel Income
In August (We always get paid a month later) our solar panel system generated 959 kWh. Since we bring in a fixed rate of 28.8 cents per kilowatt hour, Hydro One deposited $271.05 into our chequing account this month.
Last August the system generated $287.43 so we are slightly lower this month. Not bad considering the last couple months have been higher.
Total Income for 2022 – $1,897.57
System Installed January 2018
Total System Cost ——–$32,396.46
Total Income Received ——–$11,782.79
_____________________________________________
Amount to Break even —- $ -20,613.67
Total September 2022 Passive Income – $2,414.81
September 2021 Passive Income – $1,661.44
A 45.34% increase year over year. Even better considering we had a questrade affliate bonus last year of 70 bucks. Kinda insane actually….
Totals For 2022
Dividends Year To Date Total – $8,269.68
Other Passive Income Year to date – $10,101.73
Total Passive Income for 2022 —– $18,371.41
Year End Goal – $25,000
Well we have officially surpassed last years total passive income with 3 months remaining. Wonderful! That year end goal may be hard to hit now though after selling off to pay off the heloc, but you never know…..
September Stock Purchases/ Sales
This month we made the hard decision to deleverage the portfolio completely. We sold off a tonne of stocks. I just felt the risk/reward at this current time didn’t make sense. I explained my thinking and all my sales in this post – Deleveraging. It’s unforetunate as it totally killed our forward income, but at the same time the math worked out to pay things off and I just don’t see anything bullish in the market at the moment. So far its worked out well as these stocks generally keep dropping and the feds keep saying they will continue raising rates.
After this sell off we did make one purchase though.
Stanley Black and Decker
We added 12 more shares to our holding recently at around 78 bucks per share. A dividend king that lets be honest reported a horrible quarter. The stock got absolutely killed because of it. The stock price is down 58.90% year to date… It now sports a massive 4.13% starting yield.
Morningstar gives it a fair value of $168.20 and it currently trades at 77.53. That’s a lot of upside! Rbc actually thinks they currently offer a 29% rate of return for the next 5 years based on their projected earnings.
Management has a plan to fix things and no lawsuits beating the company down. We may just continue shoveling money into this position at these levels. These 12 shares added $38.40 in forward income.
Financial Goals Update
Charities
- We continue our monthly donation to The Nature Conservancy of Canada of $85.
Increase Dividends by $4285.81 this year. (bringing our forward income from dividends to $13,000 a year)
Unfortunately I’m going to disregard this now. While we could of been really close to hitting this, things changed. Im not as bullish on the market and with interest rates doubling in 6 months (and still growing) I decided to pay off all our heloc which we used for investing. As long as the forward passive income is higher at yr end vs last yr, its all good!
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 affiliate link though.
September 2022 Passive Income Conclusion
A good month. Another quick one to be honest.. Lots of changes in the investment front but I feel good about the moves and notice I am sleeping better. That itself makes it worth it
If I cannot do great things, I can do small things in a great way – Martin Luther King Jr
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.
Sweet passive income! Congrats on another great month. 🙂
thx dynASTY!
Hey Rob! Halloween is definitely a fun time of year for kids and many adults. People that really decorate their home are awesome because it creates such a great atmosphere in the neighbourhood. My favourite houses also hand out treats for adults, usually in the form of a shot or ‘seasoned’ beverage.
Going to miss seeing these large dividend amounts in your updates, but still nothing wrong with deleveraging. Seems like you hold Enbridge across multiple accounts otherwise looks like you should’ve dripped more than 3 shares. I’m still in a scenario where annoyingly I can’t drip Enbridge, Brookfield, and a few other holdings because InvestorLine doesn’t offer that up on behalf stocks that do not offer an authentic drip program. So as much as fun it is to track drip quantities sadly mine are a bit nerfed. 🙁
Still appreciate that you’re loading up individual US stocks, would never have considered Black & Decker myself however there is likely a lot of merit in holding a company like that. Hard to argue getting in at a 4.13% yield!
Looking forward to seeing the numbers in these reports in a couple of months as the sales take hold, but like you said there will still be increases year over year!