Passive Income Update – Feb 2014

Welcome to my February 2014 monthly passive income update. This is part of the series where I track my monthly dividends and other sources of passive income. Passive income for the month of February 2014 was $339.87.

 

My passive income YTD is $646.33 and achieves 16.15% of my 2014 goal of $4,000. This month’s passive income is 301.41% higher than a year ago (my Feb 2013 passive income was $84.67).

Passive income contributing entities:

Stocks:

  • Cineplex Inc (CGX.TO)
  • Inter Pipeline Ltd (IPL.TO)
  • Kinder Morgan Inc (KMI)
  • Omega Healthcare Investors Inc (OHI)
  • Realty Income Corp (O)
  • RioCan REIT (REI.UN.TO)
  • The Jean Coutu Group Inc (PJC.A.TO)
Funds:
  • BMO Equal Weight Utilities Index ETF (ZUT.TO)
  • CI Signature High Income Fund (mutual fund)
  • Claymore S&P US Dividend Growers ETF (CUD.TO)
  • iShares Canadian Financial Monthly Income Fund (FIE.A.TO)
  • Scotia Diversified Monthly Income Fund (mutual fund)

Other:

  • Advertising revenue from this blog
  • Interest on cash
  • MBNA Smartcash cashback credit card
  • Seeking Alpha (one new article published)
My “other” sources of passive income have been growing this year as part of my plan to grow that revenue stream in 2014. The breakdown of my passive income contributing entities is shown below: my dividends totaled $225.01 and my other passive income totaled $114.86 in February.

Dividend Increases
February saw a number of dividend increase announcements from my portfolio holdings.

Portfolio Update
Over the course of the month, I have initiated, added and closed some positions. The following are the details of my portfolio changes.


Initiated positions

I initiated a new position in Rogers Communications, Inc (RCI.B.TO). Rogers is a diversified communications and media company and together with BCE Inc and Telus Corp forms The Big-3 in Canada. Rogers is Canada’s largest provider of wireless and data communications services and also one of the leading providers of cable television, high-speed internet and telephony services. Rogers had been on my watchlist for a while and a 5% stock price drop on the day of earnings release was the perfect opportunity to initiate a new position. Details can be found here.
 
Added positions
I added to my positions in:

  • Claymore S&P US Dividend Growers ETF (CUD.TO)
  • CI Signature High Income (mutual fund)
  • CI Global Health Sciences (mutual fund)
  • iShares Canadian Financial Monthly Income Fund (FIE.A.TO)
  • Scotia Canadian Balanced Fund (mutual fund)
  • The Bank of Nova Scotia (BNS.TO)
Closed positions
As part of my portfolio balancing exercise merged with my wife’s portfolio, I decided to close my position in VUS.TO, ZCN.TO. We plan to move all index funds to her portfolio, so I closed positions to these equities in my portfolio.
My full list of holdings can be found here.

19 thoughts on “Passive Income Update – Feb 2014

    • Thanks JC. I have come quite a long way since last Feb where I just had $89 in passive income (dividends only) and am happy with my progress.

      Really looking forward to March. My wife’s holding pays quarterly, so March should be a whopper and looking for a new all-time best month in passive income.

      Thanks for stopping by. Best wishes

    • Writing2Reality,
      Thats right. We are putting away a lot of cash this year towards downpayment for a house, so new investments are smaller increments this year. So, I am concentrating on growing my Other stream as much as I can.

      Thanks for stopping by and the comment.

      regards

    • Hi D-S,
      Dividend Mantra has a bigger portfolio than mine. His monthly updates only include dividends whereas mine includes dividends + “other” sources of passive income. Im sure his revenue from advertising runs into 1000s of dollars as his site is very popular.
      Still very happy with my progress so far 🙂

      Thanks for stopping by and the comment.

      regards

  1. R2R,

    Fantastic job! Congrats on a stellar month. Over $300 in passive income is some serious money.

    I think you’ll easily exceed your goal at this rate. 🙂

    BTW, what’s your experience with writing exclusive articles for SA? I’ve heard good things, but I haven’t done one yet.

    Best wishes!

    • Thanks Dividend Mantra,
      My efforts to increase my “other” source of passive income has paid off over the two months of 2014.

      My experience with exclusive content for SA has been pretty decent. The articles I wrote were for Canadian telecom (BCE, RCI, TU) and Unilever (UL) which arent the most popular companies searched for in the community, so I got about 3000-3500 pageviews on each article. But normally, if you write for a more popular company like KO, JNJ etc, you should be able to get atleast double the pageviews than what I got.

      Hope that helps. Thanks for stopping by and the words of encouragement.

      regards

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