February 2021 Passive Income – 3 Sources
- 7 dividend increases
- 3 passive sources of income
- $ 359.94 from dividends
- 8 stocks fell in February
Hey hey hey!
We are starting to see some volatility in the market! woot! Utilities continue to fall this month as interest rates rise. Can we really support rising interest rates right now? I don’t think so, but at the same time we have to control this real estate market. Things are just crazy here in Canada. Anyway, I love to see these renewable companies fall. I’ll buy more Algonquin soon enough and maybe even swap our bep.un for bepc.un now that the prices are almost the same. Tech fell too, which is fantastic because our portfolio could use a little more tech love.
February flew by. Our son is back in school and loves it, so do we! Children need to see their friends in person rather than staring at a screen all day. The weather is up and down. February brought so much snow that you can hardly toboggan any more. We stopped our skating moves when we could on the rink in the back yard, and when it was warm we went rollerblading on the streets.
We have already booked 2 summer camping trips – Pinery and Darlington. (New One) We’ll sit down this weekend and try to book a few more. If you go camping, the demand this year is huge, even more than last year. Make sure you start booking as soon as possible.
Block half-way. We got back a bit of our freedom and took advantage of it. We went to the Butterfly Conservatory to do something cool and feel a bit of that heat! Unfortunately, many other places are still closed, but we really want to climb or go back to the zoo. Soon. Now that Canada approves every drug, no matter how effective it is. (Remember when we saw the results from jnj and how eww was mid 60%? Now we are like yes, jnj is approved!)
Ahhh well let’s get the vaccine in anyone who wants it and open things up!
Okay, let’s get to our passive income in February 2021
Elevates or cuts
7 Increases this month. Very nice!
- 3 million increased their dividend by 0.68% and added $ 0.88 … haha
- Brookfield Renewable upped their 5% and added $ 12.80
- Bell Canada increases 5.1% and adds $ 15.47
- The 3% increase from Cisco adds $ 5.48
- Restaurant Brands increased it 1.9% and added $ 4.48
- Nutrien increased its increase by 2.2% and added $ 1.92
- Tc Energy came through on a 7.4% increase adding $ 18.00
The total additional income from dividend increases this month is $ 59.03
Total income from dividend increases in 2021 – $ 75.04
Nice to see so many bumps this month! Things are looking up. Unfortunately, some of them were pretty low. Cough 3 m. I think we are still in the middle of this “pandemic”. I prefer companies to be defensive with their increases rather than reducing them in the future.
Dividend income as of February 2021
10 companies paid us this month.
|Stocks||February 2020 income||February 2021 income|
|CVS Healthcare – USD||15.50||sold|
|Inter pipeline||28.93 (1 drop)||8.32|
|Proctor and Gamble – USD||17.90||18.98|
|National Bank of Canada||25.56||25.56|
|Emera||59.41 (1 drop)||sold|
|Abbvie – USD||57.82||91.00|
|Extendicare||18.08 (2 drops)||19.40 (3 drops)|
|Rit ETF||0||44.69 (2 drops)|
|Smart Center||0||25.90 (1 drop)|
|Riocan||29.88 (1 drop)||21.28 (1 drop)|
|General Mills – USD||66.15 (1 drop)||70.89 (1 drop)|
8 stocks dripped in February – Always the lowest months of the quarter.
A bit of growth this month, but it was treated somehow. I sold some stocks after they dripped and put them on the market before their ex-dividend day. Stack Divs! This is always our lowest month of the quarter. I don’t see many goals, but if PG continues to drop I would like to add to this position.
If you’re interested, check out our previous dividend earnings reports.
Our drops (dividend reinvestment program) We added $ 7.91 to our annual term dividend this month.
Private investment payment – $ 500.00
There’s 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 January (we always get paid a month later) our solar panel system was generating 204 kWh. Since we bring in a fixed rate of 28.8 cents per kilowatt hour, Hydro One has deposited it $ 58.75 this month to our checking account.
The system generated $ last January40.32. So we were a little higher year after year. It has been 3 years since we installed the system so we can see that we are getting a 7.7% annual return. Lower than expected, but 7.7% is guaranteed to be fantastic in this market!
Total income for 2021 – $ 96.19
System installed January 2018
Total system costs —- $ 32,396.46
Receive total income ——– $ 7,583
Amount to break even – $ -24,813.46
Total passive income in February 2021 – $ 918.69
Passive Income in February 2020 – $ 879.97
Increase in total passive income compared to the previous year. – $ 38.72
A very low growth rate. That’s to be expected, I haven’t bought these months to grow. Most of our capital has been invested in companies that pay in other months. Everything is good!
T.Total for 2021
Total Dividends Year To Date – $ 1,156.32
Other passive income year to date – $ 1,511.65
Total Passive Income for 2020 – $ 2,667.97
Year-end target – $ 17,390.71 ——–% 15.34
Looks like we’re on the right track. I just have to keep feeding the portfolio and watch it grow.
February 2021 purchases / sales
This month I decided to do a portfolio cleanup and reduce our total holdings while focusing on growing existing holdings.
- Sold our Riocan position
- Sold our Extendicare position
- Sold our BMO position
- Added to our RIT ETF holdings
- Our TC Energy position grew
- Bought 9 units of XAW ETF
- Started a position in Lockheed Martin
Lots of steps, but I think they’ll be better for the portfolio in the long run. You can read about all of these steps in our last post, Portfolio Cleanup – Cuts & Additions.
Update of financial targets
Raise the dividend this year by $ 1,680.19. (Increase our dividend income from dividends to $ 8,329.13 per year)
- We have further expanded our dividend portfolio with new acquisitions, drops and dividend increases. The total increase so far in 2021 is $ 244.11. 14.52% of our target.
About $ 250 monthly purchase
- 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 per month would kill us if we had to pay high trading fees.
- * Note that the Questrade link is an affiliate link and I would receive a small payment at no additional cost to you if you signed up. However, you could get $ 50 in free trade stores using my link.
February 2021 Conclusion on passive income
While this month’s income isn’t amazing, it’s growing. The sun is shining, spring is coming! Life is good. I wish all of you the best in all aspects of your life.
“May the best of today be the worst of tomorrow” – Jay-z
Hey, I’m Rob, the creator of Passive Canadian Income.
In 2011, my wife and I had nearly $ 60,000 in debt and $ 7,000 in negative net worth. We paid for it all through hard work and financial education. Now we are focusing on increasing our passive income streams to make the money work for us. Follow the journey by clicking the social media links below or signing up to be notified of new posts in the sidebar.