Passive Income Update – Oct 2015

Welcome to my monthly passive income update for October 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 investment portfolio during the month – showing the growth of my dividends going forward.

Passive Income  Update

Passive income for the month of October 2015 was C$666.21  The passive income comprised of US$302.57 and C$269.84 (exchange rate is US$1 = C$1.31). Passive income difference is -6.38% QoQ (due to worse earnings in the ‘Other’ category) and +13.86% YoY.

chart Oct2015

With this, my passive income YTD is $6,250.22. As noted at the end of Sep 2015, we have already achieved our annual goal of earning $5,500 in passive income. The income being generated now is extra gravy on the goal and will help us guide towards higher goals next year.

Passive income contributing entities:

Stocks:

  • Agrium Inc (AGU.TO)
  • Algonquin Power & Utilities Corp (AQN.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)
  • Realty Income Corp (O)
  • RioCan REIT (REI.UN.TO)
  • Toronto-Dominion Bank (TD.TO)

Funds:

  • BMO Aggregate Bond Index ETF (ZAG.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 $257.95 and other passive income totaled $404.52. Read more about why I consider this as passive income in Passivity Index post.

Portfolio Update

Dividend Increases

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

In addition, a special dividend of $0.275 per share was announced by Main Street Capital (MAIN) for the second half of 2015.

Added Positions

October was a really busy month in my portfolio with more than usualy amount of purchases. We initiated/added to the following stocks

  • Algonquin Power & Utilities Corp (AQN.TO) – 1 share DRIPped
  • Ventas Inc (VTR)

That’s all folks! Hope you had a great October 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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15 thoughts on “Passive Income Update – Oct 2015

    • Thanks for the support, Tyler. Really appreciate the kind words from fellow findependence seekers like you. Each year, we keep building on top of what we have and keep plugging away. We will eventually get to reach our goals!

      Best
      R2R

    • Thanks Tawcan. My ‘Other’ stream is a bit more unpredictable, but overall – they seem to have leveled well into the $600 range for the year – which is fantastic. I didnt expect to reach that high this fast. Early 2013, when I started blogging, I was looking at just over $100 per month! Upwards and onwards it is 🙂

      Best wishes
      R2R

  1. Great job continuing to build that passive income, R2R! Soon you won’t need a job anymore.

    Are those Seeking Alpha articles a one-time payment when they are published (making them technically active income) or do you get a cut of any advertising revenue that your articles generate? I’m just curious.

    Sincerely,
    ARB–Angry Retail Banker

    • Thanks for the wishes, ARB.
      I get a one-time flat fee for publishing SA, but I also have a recurring revenue depending on pageviews – so its a bit like collecting royalties from book publishing. Work required upfront and you might get a big cheque from the publisher to begin with and later – royalties keep flowing based on how well the book does.

      Hope you had a great Oct as well.
      Best wishes
      R2R

  2. Exceeded your goal 3 months earlier is awesome. Congrats, bro!

    I’ve learnt so much from you over the year, I’m glad to have found your blog.

    Please keep sharing and keeping us motivated.

    • Thanks for the wishes, Vivianne. Im glad to have found your blog as well – really like your multi-pronged approach to investing and its something that Ive been thinking about a lot and want to move towards instead of focusing only on stock investing.

      Hope you had a great Oct as well.

      Best
      R2R

  3. Congrats, R2R on nice dividend and passive income! $600+ is fantastic and its almost 1 week of salary for all of folks, that you do not need to lift a finger and it still comes into your account. 14% YOY growth is nothing to sneeze at as well. Keep racing!

  4. Great job once again R2R! Over $600 in non-work income is fantastic and y’all have trounced your goal for the year as well. Two more months to go and I’d say there’s a good chance y’all cross into $7k, maybe $7.5k, for total passive income with 2 more months to go. Keep up the good work!

    • Thanks JC. I hope to cruise through and get to somewhere in the ballpark of 7-7.5K this year. That is amazing considering that last year I thought 5.5K was high enough.

      Thanks for stopping by and the wishes
      R2R

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