Passive Income Update – Mar 2014

Welcome to my March 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 March 2014 was $676.14. To put things into perspective, this is just a little less than hundred dollars short of all of my passive income from 2011!! To state the obvious, I am ecstatic with this result 🙂

 

I was pleasantly surprised when I received unexpected distribution (approx $220) from one of my mutual fund holdings (CI Global Health Sciences fund). The fund has traditionally paid distributions annually and usually paid in December of each year until 2012. 2013 saw the distributions being paid out in October instead of the usual December – again no explanation (or atleast I cant seem to be find any press releases from the fund company), and this distribution in March is still mysterious to me. Before I saw this distribution paid out, I was hoping to reach an all-time high crossing my record of $470 mark, but I guess I’ll take the $676 record 🙂
My passive income YTD is $1,322.47 and achieves 33.06% of my 2014 goal of $4,000. The surprise payout skews the numbers on my year-on-year comparison but my passive income for March is 391.52% higher than a year ago (my Mar 2013 passive income was $137.56).

Passive income contributing entities:

Stocks:

  • Archer Daniels Midland (ADM)
  • Chevron (CVX)
  • CHS Inc (CHSCP)
  • Cineplex Inc (CGX.TO)
  • Inter Pipeline Ltd (IPL.TO)
  • Johnson & Johnson (JNJ)
  • Qualcomm Inc (QCOM)
  • Realty Income Corp (O)
  • RioCan REIT (REI.UN.TO)
  • The Southern Company (SO)
  • Thomson Reuters Corp (TRI)
  • Wells Fargo & Co (WFC)
Funds:
  • BMO Equal Weight Utilities Index ETF (ZUT.TO)
  • CI Global Health Sciences Fund (mutual fund)
  • 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)
  • Vanguard Total International Stock ETF (VXUS)

Other:

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 $509.90 and my other passive income totaled $166.24 in March.

 

Dividend Increases
March saw dividend increase announcements from the following in my current holdings.


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

 

Added positions
I added to my positions in:

  • Claymore S&P US Dividend Growers ETF (CUD.TO)
  • iShares Canadian Financial Monthly Income Fund (FIE.A.TO)
  • Scotia Canadian Balanced Fund (mutual fund)
  • The Bank of Nova Scotia (BNS.TO)
My full list of holdings can be found here.

26 thoughts on “Passive Income Update – Mar 2014

  1. Outstanding R2R! One day soon you’ll be pulling $700 per month in dividend income. I didn’t realize you held that fund, but I’m glad they made an unexpected payout. Have a great day
    -Bryan

    • Hi Bryan,
      Thanks. Its a growth focused fund that Ive held for a while and it has some pretty good unrealized returns. I intend to sell that fund sometime this year, so Im happy that they paid their distribution out early so that I dont have to wait until December.

      Thanks for stopping by and the comment.

      regards

    • Thanks RBD.
      Ive thought about not including this a few times but I realized that its a gray area. Its akin to advertising revenue from the blog (which takes work) or royalties from a book (which also takes a lot of work). The articles for SA are a bit of work yes, but I dont consider it to be taxing as I am researching those stocks/ETFs anyway for my investment and I love writing – which is like getting paid for your hobby 🙂

      Thanks for sharing your thoughts
      Best wishes

  2. Congrats on a new personal best and beating it by a large margin too! I’m curious is some of those distributions happen to be capital gains from some profit taking since it’s not on any kind of schedule. Would be nice if they could keep those distributions coming.

    That’s a great month though. $500+ in dividends, $160+ in other income. I was around $160 also from my SA articles and other online income and I hope we can both increase that on a monthly basis.

    • Thanks JC. It could be distribution from capital gains – as I mentioned, I cant seem to find any literature on the fund company’s site about this. I might email them to find out and dig deeper.

      Thats great! My SA taking was $62 for Mar (from two articles) which isnt as great as I was expecting since they advertise that the average payout per article is $75. Maybe I need to sensationalize my headlines more 😉

      regards

  3. Congrats on the strong month from both dividends and the other income. Definitely good to see the income split out as they could be categorized as passive and then online. Either way, it all adds up to some sweet supplemental income!

    Btw, what was your January dividend income (it wasn’t broken out)?

  4. Awesome month R2R! Gotta love good surprises from your portfolio like that. Considering you’ve completed 33% of your goal in only 25% of the year I’d say you should easily be able to hit that 4000 goal. Congrats!

    Best wishes,
    SFZ

  5. Really impressive. Almost double what you got in March last year 🙂

    May I ask you how much you get on average from a Seeking Alpha article? It says 0,01$ per viewer, im just curious since I read alot there. Guessing around 100$?

    • Hi Dividend Champ,
      Thanks for stopping by.

      SA pays $0.01 per view. In my experience, it depends on each article and how much you sensationalize the headlines. So far Ive written 4 articles and the payout ranges from $27 to $40 (so, 2700 to 4000 views). My average per article has been $33…why isnt great….but I know there are others who make more than that.

      Best wishes

  6. R2R,

    Congrats on an outstanding month. That’s some serious dividend income, and the other income is coming along very, very nicely.

    I think you’ll definitely hit your $4k target this year. Keep up the great work!

    Best wishes.

    • Thanks Mantra.
      Im happy with the progress and my passive income is starting to feel a bit more substantial now, even though I wont be able to repeat or pass this amount for a while, I presume.

      Thanks for stopping by

      regards

  7. Congrats on your income. I had a surprise too, but in options trading. The first two months were weak and I was thinking that I would have to give up on my 2014 goal, and in March I got back on track.
    It’s great having such a passive income like yours! So good luck in the upcoming months. Hopefully you will have even more.

    • Hi Martin,
      Yep, I noticed the big jump in your premiums for March. I havent traded options since last Oct/Nov. Interestingly your Feb dividends seem to be much higher than the other two months.
      Glad to hear that you’ve managed to get back on track for your 2014 goal – best wishes in your pursuit.

      Thanks for the words of encouragement.

      regards

  8. Hey R2R, great work on the dividends. Looks like a great move forward, gotta a love a graph that goes from the bottom left to the top right ( as long as it isn’t debt lol ). Noticed you have Interpipeline in your portfolio, great choice, wish i could find more stocks like that. Just waiting for the batch of next opportunities to come up but it is nice to think that every month, things keep ticking along beautifully. Keep it up.

    • Thanks TFTT.
      I was thinking of picking up more IPL earlier this year and decided to diversify with something in the US (ended up picking KMI), which turned out to be not best time to pick up KMI…oh well, I guess its the nature of the game.

      Thanks for stopping by
      regards

    • Thanks for the words of encouragement, AAI.
      SA is giving me some decent side income – not a great return (with a return of about $10-$12 per hour of my invested time), but I dont really see it as a way of continued revenue. I enjoy writing and I do the research on these stocks anyway.

      Thanks for stopping by
      regards

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