Passive Income Update – Apr 2015

Welcome to my monthly passive income update for April 2015. This is part of the scorecard series where I track my dividends and other sources of passive income. I also include changes and updates related to my portfolio during the month.

Passive Income  Update

Passive income for the month of April 2015 was C$622.47. The passive income comprised of US$257.93 and C$307.80 (exchange rate is US$1 = C$1.22).

Passive Income - Apr 2015

With this, my passive income YTD is $2,169.34, which achieves 39.4% of my annual goal of earning $5,500 in passive income.

Passive income contributing entities:

Stocks:

  • Agrium Inc (AGU.TO)
  • Bank of Nova Scotia (BNS.TO)
  • BCE Inc (BCE.TO)
  • Cineplex Inc (CGX.TO)
  • General Electric (GE)
  • Inter Pipeline Ltd (IPL.TO)
  • Main Street Capital (MAIN)
  • Medtronic plc (MDT)
  • Realty Income Corp (O)
  • Omega Healthcare Investors Inc (OHI) – pro-rated dividend
  • RioCan REIT (REI.UN.TO)
  • Toronto-Dominion Bank (TD.TO)

Funds:

  • BMO Aggregate Bond Index ETF (ZAG.TO)
  • BMO Equal Weight Utilities Index ETF (ZUT.TO)
  • BMO S&P/TSX Capped Composite Index ETF (ZCN.TO)
  • iShares Canadian Financial Monthly Income Fund (FIE.A.TO)
  • Scotia Diversified Monthly Income Fund (mutual fund)
  • Vanguard FTSE All-World Ex-Canada Index ETF (VXC.TO)

Other:

The breakdown of my passive income contributing entities: dividends from stocks and funds totaled $254.17 and other passive income totaled $368.30. Read more about why I consider this as passive income in Passivity Index post.

Portfolio Update

Dividend Increases

April saw dividend increase announcement from the following in my current holdings.

It was disappointing to see Chevron Corp (CVX) declare the same amount of dividend and not raise it, as expected. The rout in the oil market has meant that capital preservation is paramount and I think what the company is doing is best for the shareholders. This is not the first time Chevron has gone more than 4 quarters without raising dividends (past such episodes occurred in 2001-03 and 2008-09).

Added Positions

We continued adding to my wife’s portfolio’s positions in the following ETFs. Details of our combined portfolio strategy can be found here.

  • BMO S&P/TSX Capped Composite Index ETF (ZCN.TO)
  • Vanguard FTSE All World Ex-Canada Index ETF (VXC.TO)
  • BMO Aggregate Bond Index ETF (ZAG.TO)

That’s all folks! Hope you had a great April as well. Be sure to share your thoughts, comments or concerns below. I love hearing from the readers.

Disclosure: My Full list of holdings is available here.

< Passive Income

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38 thoughts on “Passive Income Update – Apr 2015

  1. R2R,

    Congratulations on the solid month of passive income there. It sounds like your full-year goal is on auto-pilot at this point with 39% through 4 months. Like all of the new additions as well and who doesn’t like those dividend increases. Keep up the great work and can’t wait to watch you crush 2015 goals. My hunch is you should break $6,000 this year.

    All the best.

    FD

  2. Very solid passive income you received in April R2R! I was a little disappointed about Chevron not increasing the dividend but there’s still hope.

    • Thanks Tawcan.
      Yeah, I dont think CVX is going to abandon its dividend anytime soon. Theres still plenty of money flowing – esp since its an integrated company.

      Hope you had just as good an April.
      R2R

      • I was a bit disappointed as well but with CVX you have to expect this sort of thing now and then, they don’t have a track record of raising the dividend every 4 quarters but I do expect a raise from then in the next two to keep the div streak alive.

        Amazing month of dividend income R2R !

        • Captain, I hope CVX doesnt lose its streak that they have built up. They have the right resources and the right management to bounce back and do the right thing.

          Thanks for the wishes
          R2R

    • Thanks Bryan. I sure have come a long way in the last 18 months. Its been a really exciting and fun journey. Looking forward to build on the foundation I’ve built.

      R2R

  3. Great job. My passive income for April was $617 so I’m not very far behind, lol. I estimate I’ll hit between $5,750 to $6,250 for this calendar year so I think you should be able to also. 😀 I think I might buy some Inter Pipeline later this summer if it stops going down.

    • Way to go, Liquid. I think I am going to end up in that same range – somewhere around $6K for the year.

      IPL is looking interesting now that is around $30. While it was in the mid-30s, it didnt interest me, but now its looking more and more interesting. Definitely something I wouldnt mind picking up if I have nothing else attractive enough to invest in.

      R2R

  4. Roadmap,

    Holy crap! Nice work – wild seeing that April has been your best month yet, great job.

    I hear you with oil… think they could raise a dividend at a later quarter maybe this year? Thoughts?

    -Lanny

    • Thanks Lanny,
      I sure hope CVX will raise the dividend in the coming quarters. Looking at their latest quarterly reports, they’ve taken a huge hit in revenue, but Im glad they stopped the buybacks earlier and have now delayed the dividend increase. I think those were good decisions. Hopefully, they wont lose the streak of dividend raises they’ve achieved over the years.

      Thanks for stopping by
      R2R

  5. Fantastic April R2R! No denying the allure and effectiveness of passive income. Our monthly updates are proof of it’s power. Great job and thanks for sharing.

    – HMB

    • Thanks HMB. April sure did turn out to be a great month – thanks to an extra pro-rated dividend from OHI and higher ‘other’ income in my stream. Looking forward to putting it back to work.

      R2R

  6. Awesome month R2R. 600 plus is wonderful. It’s such a great feeling receiving these incomes from hustling so hard. Nice to enjoy the fruits of your labour. Very enlightening and motivating. I’m happy for you as I know what it takes to travel along side you. Keep it up and keep making your family proud. Cheers my friend.

    • DH,
      Thanks for the wishes. Your support is well appreciated. Hopefully, I’ll get to a point where I am generating income like you are 🙂
      Until then, I keep hustlin’ away.

      cheers
      R2R

  7. Looking very good, over $600 is amazing progress. I hear you on CVX, I was disappointed as well and we’ll have to see what happens after a few more quarters. Wishing you the best!

    • Thanks Ryan.
      CVX was a bit of a disappointment, but Im sure they wont let the company lose its div inc streak that they’ve built up for the years. Keeping my fingers crossed on that one.

      R2R

  8. R2R,

    Awesome job on the $254 in dividend income this month. Even better, that’s probably just a baseline from here, with every April rising. Every YOY improvement keeps moving that baseline up. Keep it going!

    Best regards.

    • Thanks DM,
      I love that about DGI. Every month, its a slightly higher baseline to build things on. Now, to look forward and build from there.

      Thanks for stopping by
      R2R

  9. You’re doing great R2R. Just think of what that $600 could pay for today…passive income for heating bills, pay for your property taxes, etc. without working.

    It will only grow. Keep it up!
    Mark

    • You are right, Mark. That $600 will go a long way to pay a lot of bills – but they will all get plowed back into investments to compound that number 🙂

      Thanks for the wishes
      R2R

  10. Great results for April. Are you considering your extra income from writing and other activities part of your “passive income”?

  11. Shame about CVX, but as long as they are paying, that’s the most important thing. At least JNJ and KMI had some nice increases. I bought more JNJ the other day myself.

    Great work with your passive income. You’re well on your way of hitting your goal. The dividend income is the vehicle for financial freedom with your blogging and online income being its fuel source. That’s the way I see it, at least. If your online income can provide a regular source of fresh capital, you won’t have to worry about fighting through the 9-5 world everyday to achieve your passive income goals.

    Sincerely,
    ARB–Angry Retail Banker

    • You are painting my dream right there, ARB. If my online and dividend income fuel my financial freedom, that would be one hellofa goal achieved. I dream of the time when I will be able to reach that stage and not rely on working 9-5 to financially support myself and the family.
      CVX hopefully will be able to get back to dividend raises before the year is out. Good call on picking up some JNJ – its decently or fairly valued now. I am keeping an eye on it and trying to figure out if I should buy more now or wait more.

      Thanks for stopping by
      R2R

  12. WOW R2R!

    You are a DIVIDEND PRINTING MACHINE!
    $622 in one month just from dividends is absolutely amazing, as I’m sure you tell yourself when you see it too! I can’t wait to get on your level, after years and years of hard work of course!

    Nice to have someone to look up to, and I can see that you have a ton of stocks I’d really love to add to my own portfolio, like OHI, REI.UN, O, IPL, BCE and AGU. I have so much trouble deciding on what to buy next as I’m overcome with excitement at thinking about the future dividends they’ll funnel into my accounts.

    Best regards & Congrats!
    Dividend Beginner

    • DB,
      The $622 is not all dividend income, only a part of it comes from dividends – the rest comes from various other sources. For me, I like multiple streams of income and dont want to rely on one. While ppl focus on this and realize the importance when it comes to active income, same goes for passive income. I want more than just dividend income – and sometimes I employ options writing, some side hustling (which is semi-passive) and a few other methods. See this page for details: http://roadmap2retire.com/passive-income/

      I hear you about dreaming of owning so many companies and increasing that dividend income stream. Im sure that even after establishing a substantial stream, that hunger continues. Best wishes in your journey.

      R2R

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