March 2021 Passive Income - 3 Sources - More Growth
Summary
- With New Purchases, Drips, and Dividend Raises we continued to grow the size of our dividend portfolio. Total increased so far in 2021 is $281.28. 16.74% of our goal.
- We added 33 more shares of Couche-Tard. I still think this one is cheap, and if it stays around $40 I'll be adding more.
- This month we added 9 more units of XAW ETF.
- 0 Dividend Raises
- 3 sources of passive income
- $720.39 from dividends
- 12 stocks dripped in March
Hey hey hey!
The market keeps running and setting new highs. The printing presses have been busy creating new money and inflating the prices of everything. While it's nice seeing so much green in the portfolio, it makes it hard to find deals at the moment. There are still some out there, but you got to look pretty hard.
Raises or Cuts
0 Raises this month. Guess it was expected as no companies I hold generally raise in March.
Total Added Income from Dividend Raises in 2021 - $75.04
March 2021 Dividend Income
12 Companies paid us this month.
| Stocks | March 2020 Income | March 2021 Income |
|---|---|---|
| Altagas (OTCPK:ATGFF) | 2.40 | sold |
| IBM (IBM) | 45.36 usd | 45.64 usd |
| Microsoft (MSFT) | 6.72 usd | |
| Johnson & Johnson (JNJ) | 12.35 usd | 43.43 usd |
| 3M (MMM) | 17.64 usd | 32.56 usd |
| LMT (LMT) | 0 | 36.40 usd |
| Canadian National Railway (CNI) | 35.65 | 47.36 |
| Inter Pipeline (OTCPK:IPPLF) | 29.07 (2 Drips) | 8.32 |
| Brookfield Property Partners (BPY) | 115.20 (9 Drips) | sold |
| RioCan (OTCPK:RIOCF) | 30.00 (1 Drip) | sold |
| SmartCentres (OTCPK:CWYUF) | 26.05 | |
| Extendicare (OTCPK:EXETF) | 18.16 (2 Drips) | sold |
| Brookfield Renewable (BEPC) | 105.64 (1 Drip) | 85.92 (1 Drip) |
| RIT ETF | 64.33 (3 Drips) | |
| Canadian Utilities (OTCPK:CDUAF) | 87.95 (2 Drips) | 92.36 (3 Drips) |
| Enbridge (ENB) | 180.63 (3 Drips) | 231.30 (5 drips) |
| Totals | 680.05 | 720.39 |
12 stocks Dripped in March - The snowball grows itself.
Not a massive growth rate but loving the looks of the new improved portfolio. IBM is still one I question, but I really believe they will turn around with the new CEO. Maybe that's wishful thinking? The BPY loss was a big hit to these months due to potential buyout and sale, but I moved those proceeds to RIT ETF. Keeping it in the same sector but losing some yield. All good long term!
Our Drips (Dividend Reinvestment Program) added $25.62 to our yearly forward dividends this month.
I've decided to implement a new section at the end of every quarter. It will be a quarterly comparison year over year. So many people (myself included) focus on growing each month's income. Mid quarter months are always horrible for us, but there's not much I want to buy or value at the moment to pump it up. I want to focus on the income growing in general, not necessarily every month. Comparing quarters may paint a more accurate picture.
Jan-End of March 2020 Dividend Income - $1,569.38
Jan-End of March 2021 Dividend Income - $1,876.71
% growth - 19.58% Sweet! A near 20% growth rate will ensure our retirement will be very healthy if we keep this up.
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 February (we always get paid a month later), our solar panel system generated 170 kWh. Since we bring in a fixed rate of 28.8 cents per kilowatt hour, Hydro One deposited $48.96 into our chequing account this month.
Last February, the system generated $72.58. So we were lower year over year. First time we have been down this year, but in February we had a tonne of snow and the panels were just covered. It's to be expected.
Total Income for 2021 - $145.15
System Installed January 2018
Total System Cost - $32,396.46
Total Income Received - $7,631.96
_____________________________________________
Amount to Break even - $-24,764.50
Total March 2021 Passive Income - $ 1,269.35
March 2020 Passive Income - $1,252.63
Total Passive Income Increase over last year. - $16.72
A very minor growth rate. All these sales and portfolio cleanup lowered our avg yield. It's all good as we move towards better growth and also dividend growth companies. Some of the sales I made have never raised the dividend for us, and in the long term the portfolio will be better for it.
Totals For 2021
Dividends Year To Date Total - $1,876.71
Other Passive Income Year to date - $2,060.61
Total Passive Income for 2020 - $3,937.32
Year End Goal - $17,390.71 - %22.64
Slightly behind but the summer months with the solar boost should propel things back on track!
March 2021 Purchases
We didn't invest as much as I'd like to invest last month, but with some car repairs and a $1,500 fish tank, what can you do. Remember money isn't just for saving. Go out there and spend it too, businesses could use our support.
Anyways we added 33 more shares of Couche-Tard (OTCPK:ANCUF) (OTCPK:ANCTF). I still think this one is cheap, and if it stays around $40 I'll be adding more. This purchase adds a whopping $11.55 to our forward income. Our drips alone were double that! Couche-Tard is a grower, not a show'er though.
Financial Goals Update
Charities
- We continue to make our monthly donation of 75 bucks to The Nature Conservancy of Canada.
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 $281.28. 16.74% of our goal.
ETF Monthly 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.
March 2021 Passive Income Conclusion
Life is good. I'm surrounded by some fantastic people; spring is here and the income keeps growing. Covid sucks, we will get past it. Time to go raid the kids' Easter candy. Have a great one everyone!
Cheers!
How are you doing both with your passive income sources and how are you coping with Covid?
Editor's Note: The summary bullets for this article were chosen by Seeking Alpha editors.
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