Passive Income Update – Aug 2014

Welcome to my monthly passive income update for August 2014. This is part of the series where I, as a dividend growth investor, track my monthly dividends and also other passive income sources. Passive income for the month of August 2014 was $493.61 (up 210.25% from a year ago). As expected, I am ecstatic with this number as this is my second highest passive income month ever!
Starting Apr 2014, I have decided to differentiate between the currencies when reporting my passive income. For this month, my passive income is US $151.85 and CA $328.09 and the exchange rate is $1 USD = $1.09 CAD.

My passive income YTD is $3,094.36 and achieves 77.35% of my 2014 goal of $4,000. I have now crossed my total passive income from 2013, which totaled $2,682.27.  

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)
  • 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)

Options:

  • I wrote seven Sep20 (covered) call options on IAMGold Corp (IMG.TO) – details here.
  • I wrote one Sep20 (covered) call option on The Jean Coutu Group Inc (PJC.A.TO) – details here.

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 $197.80, my options premium totaled $79.00 and my other passive income totaled $214.56 in August. Thanks to a huge cash position that we held for the downpayment of our house (and a bigger emergency fund than we used to hold), we had a bigger than usual interest earnings in Aug – which got clubbed into the other category.

Portfolio Update

Dividend Increases

August saw one dividend increase announcement from my current holdings.

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 initiated/added to my positions in:

  • AT&T Inc (T)
  • Kinder Morgan Inc (KMI)
  • iShares Canadian Financial Monthly Income Fund (FIE.A.TO)
  • iShares US Dividend Growers Index ETF (CUD.TO)
  • Scotia Canadian Balanced Fund (mutual fund)
  • The Bank of Nova Scotia (BNS.TO)
My full list of holdings is available here.

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14 thoughts on “Passive Income Update – Aug 2014

  1. That is a great month R2R. I love the chart, bottom left going to the upper right. Nice job. It’s a good feeling when records keep getting broken as you know you are on the right track. Just think of where things will be 12 months from now 🙂 Keep up the great work, cheers T

    • Thanks Kay. Its been quite a bit of progress since last year. Hopefully I will be able to maintain some more positive progress going forward. Lets see how things play out.

      Thanks for stopping by. Donno why your comment was marked as spam by my filter…had to approve it to see it here.
      R2R

  2. Terrific numbers and very inspiring to me. I love reading all the monthly updates from the financial blogging community and seeing the wealth grow month to month. I’m just starting this journey so it’s great to see results from your blog.

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