- 3 sources of passive income
- $1,150.03 from dividends
- They dripped 15 shares/units in September
- 12 month portfolio return +3.83%
S&P 500 Total Return 12 months +21.62% for September 2023
S&P/TSX Composite Index 12 Months +1.55% October 4, 2023
Winning the tsx but getting smoked by the s and p 500. Considering our portfolio is about 50/50, I’m behind the index.
The market had a few nice red days, but then quickly went sideways once again. As always it is hard to see red in the portfolio, but in the accumulation phase lower prices are good. Cnr at 145 is great but would be much cooler at 130 =)
ZOE
September meant the kids went back to school! Ah, time to get back into a routine. The kids love it, have a great time and make new friends. My son finished his first year of rep football and tried out one more time. He made the team this year once again. Fantastic!
At the beginning of the month we had a day off for the kids and went for a nice hike and then went to the Machine Gun Kelly concert in Niagara. It was awesome. I’m a huge fan of his music and it was amazing to see the range of fans. From kids, to goths, to regular Joe’s and even elderly people alone in walkers. Music really brings everyone together.
We took our last camping trip of the year. This time at Bon Echo Park. Wow that would be an understatement. It is known for its rock, but seeing it up close was simply stunning. Nature is incredible, get out there! The weather was so nice that we swam every day.
It’s time to pack the trailer, get fat on Thanksgiving, and of course start preparing for Halloween. Should be good this year. People know about our place now, so there is some pressure to be better than last year now.
Okay, let’s get to our September 2023 passive income
Raises/Cuts
3 raises this month!
- Fortis decided to go king and increase their dividend by 4.4% This increase adds $23.60 to our forward income.
- Texas Instruments was marked with an increase of 4.8%. Some people point to their lower dividend growth recently. It’s worth noting that these lower increases have come since they announced their plans to build the 30 billion fab plant in Texas. 2025 should bring double digit increases again in my opinion. This increase adds $8.64 to our forward earnings.
- Microsoft came once again with a 10% increase. Gotta love it! $11.48 in additional income.
This month these 3 raises added a total of $43.72 to our forward income without adding a dime to the bill.
Total incremental income from dividend increases in 2023 – Negative -$4.52
Still negative from that algonquin blackout. arg! Stocks continue to hit us…
Dividend income September 2023
11 companies paid us this month.
| inventories | Income September 2022 | Income September 2023 |
|---|---|---|
| Manulife Financial | 138.93 (6 drops) | sold |
| Stanley Black & Decker | 12.00 | sold |
| Smart Centers | 35.92 (1 drop) | sold |
| MSFT | 18.60 USD | USD 27.88 |
| Lockheed Martin | USD 61.60 | USD 66.00 |
| Home goods store | USD 19.00 | USD 60.61 |
| JNJ | 75.71 USD | USD 79.73 |
| Couche-Tard | 18.70 | 29.54 |
| Canadian National Railway | 79.84 | 86.11 |
| Brookfield Renewables | 114.12 (2 drops) | 153.44 (4 drops) |
| Brookfield Asset mng | 0 | 13.42 |
| suncor | 191.29 (4 drops) | 221.52 (4 drops) |
| Fortis | 120.91 (2 drops) | 132.21 (2 drops) |
| Enbridge | 257.14 (3 drops) | 279.57 (5 drops) |
| Totals | 1143.76 | 1150.03 |
15 shares/units Drip in September.
It’s great to see things grow each year after all these sales. I love seeing more USD paying companies and the general increase each position has received.
If you’re interested, check out our Dividend Income Past Reports.
Our Drips (Dividend Reinvestment Program) added $38.07 dollars to our forward income…. sweet!
Other income
Payment of private investments – $1000.00
1k per month, very nice!
Income from solar panels
In August (We always get paid a month later) our solar system produced 873 kWh. Since we carry a flat rate of 28.8 cents per kilowatt hour, Hydro One filed $251.47 in our checking account this month.
Last August the system was created $271.05, so once again we go further down.. slow!
Total income for 2023 – $1,725.65
The system was installed in January 2018
Total system cost ——–$32,396.46
Total income ——–$13,897.94
_________________________________________________
Amount to break —- $ —18,498.52
Early October and the sun is shining! Here’s hoping this month brings in a higher income than last year.
Total Passive Income September 2023 – $2,401.50
September 2022 Passive Income – $2,414.81
Ahhh so close to seeing year-over-year growth again. Early enough!
Totals for 2023
Dividends Year To Date Total – $6,881.8
Another Year of Passive Income to date – $11,489.49
Total Passive Income for 2023 —– $18,371.29
Year End Goal – $26,000 (70.65%)
Nice jump in progress, gotta love these months! let’s go =)
September Stock Buys/Sells
Since this month was a 5 week pay period, we ended up making 3 different purchases. Two in existing positions and we also started a new one.
Shopping
Telus – We sold this position in the fall of last year due to rising interest rates and planned to rebuild this position when it was cheaper. Well it sure is now. We added 42 shares at a cost of $23.96. (even cheaper now) This purchase adds $61.08 in forward income.
National Bank – We started rebuilding this position this month as well. 12 shares at $94.54 per share. This adds $48.96 to our forward dividends.
Lockheed Martin – With a war going on and a huge backlog of orders. I thought this was good to increase our position. It has done us very well since we started our original position. We added 3 shares based on the cost of $413 per share. This adds $36 in forward dividends.
In total we added $146.04 in future annual dividend income with these purchases. Yield and decent dividend growth.
Total added forward dividend income from purchases in 2023 – $994.17
Bitcoin
Bitcoin went a bit sideways in August, but we continue to add $20 a week to our position.
We decided to go with shakepay because it is regulated in Canada and you shake the phone everyday to get some free sats (bitcoins). They recently changed the way shaking sats are done. You get a certain amount per day now
A deposit of 100 dollars gives you 10 dollars and 10 for the referrer. Feel free to use my affiliate here if you are interested in trying out the crypto space. Or if you are a fan of the site and want to throw me some btc my Shaketag is @hutz8
I appreciate the support.
Updating Financial Goals
Charitable institutions
Etf Monthly Minimum Purchase $250
- This month we added 0 more xaw etf units.
- Questrade* is great because it offers free etf trading and cheaper stock trading options than most Canadian brokers. $250.00 a month would kill us if we needed to pay high transaction fees.
- * Please note that the questrade link is an affiliate link and at no extra cost to you, I would receive a small payment if you sign up. However, you could get $50 in free trades using my affiliate link.
We did not add this month as I felt the markets offered us a better opportunity at this time.
September 2023 Passive Income Conclusion
For some reason my body is dying to wake up early these days. Maybe I’ve been excited to write some posts.. It’s been huge for productivity, I highly recommend it. Overall the month was very good on the financial front. I’m glad to see it all on paper and see things grow. Hope you all had a great month too!
Cheers
It is your limiting belief that has you where you are right now – Eric Thomas
Hi, I’m Rob, creator of Passive Canadian Income.
In 2011 my wife and I had nearly $60,000 in debt and a negative net worth of $7,000. Through hard work and financial education we paid for all this. We are now focusing on growing our passive income streams to make money work for us. Feel free to follow the journey by clicking the social media links below or sign up to receive notifications of new posts in the sidebar.
