Passive Income Update – January 2016

Welcome to our monthly passive income update for January 2016. This is part of the scorecard series where we track our dividends and other sources of passive income. We also include changes and updates related to our investments during the month – showing the growth of our dividends going forward.

Passive Income  Update

Passive income for the month of January 2016 was C$678.82. The passive income for the month comprised of US$279.63 and C$287.34 (exchange rate is US$1 = C$1.40).

Monthly Passive Income

Passive income change is 1.89% QoQ and 23.65% YoY for the month. The passive income in January achieves 7.5% of our annual goal of earning $9K.

Passive Income - Jan 2016

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)
  • Scotia Diversified Monthly Income Fund (mutual fund)
  • Vanguard FTSE All-World Ex-Canada Index ETF (VXC.TO)

Other:

The breakdown of our passive income contributing entities: dividends from stocks and funds totaled $268.45 and other passive income totaled $355.10. Read more about why we consider this as passive income in the Passivity Index post.

Portfolio Update

Dividend Increases

January saw dividend increase announcement from the following in our current holdings.

Added Positions

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

That’s all folks! Hope you had a great January 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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32 thoughts on “Passive Income Update – January 2016

    • Thanks for stopping by and the wishes, DL.
      Q1 of 2015 was slower, so Im expecting a nice big jump when compared to what I will be earning in Q1 2016. Hoping to get close to the Q3/Q4 numbers of 2015, but not sure if I will be able to beat them yet.

      cheers
      R2R

  1. Continuing wit the solid YOY growth is pretty awesome. Pretty sweet that you’re receiving over $300 in other passive income. Way to diversify your passive income stream. 🙂

  2. Good Job. The great growth continues buddy! I love that the REIT space is getting whacked. I’ve held off buying for the past 18 months, but I think tonight I’ll be emailing the subscribers…..telling them about a limit order in Vanguard’s REIT Index
    -Bryan

  3. Great job R2R on your passive income for January! Over 20% YoY growth is solid. I’m curious how that would look on a constant currency basis given the strength of the USD/weakness of the CAD. I know it’s early but you might need to bump up your passive income goal! You need to average 8.3% per month and got 7.5% in a slow month for dividends. I expect you’ll be able to beat your goal barring any major dividend cuts. All the best in February.

    • Hi JC,
      Just had a look at last years exchange rate – and USDCAD was 1.25, so on a constant currency basis, thats about 17% YoY growth. We seem to be well on track to reach that goal this year…we’ll see although considering all the dividend cuts in the energy sector, our portfolio might see some cuts again. Hopefully not!

      R2R

  4. Another inspirational update for us to see. Of course, it’s always nice to see Canadian banks paying you in a given month. Between fresh positions and dividend increases you are off to a very solid start in 2016. Look forward to your next update.

    • First month of the quarter is pretty good considering teh Cdn banks payout. Its a good choice for stabilizing the monthly income…although I dont really concentrate on it.

      Hope your Jan was great too.
      R2R

    • Thanks for the wishes, DGJ. The earnings reported are my total passive income – which includes what i call “other” sources. These are variable on a month to month basis – so that can change the numbers…still happy to see a positive growth there.

      R2R

  5. Very happy to be continuing to share so many great companies with you, looks like January was a good month for both of us! Got to love AQNs dividend this time around, with CAD being so low. I really should be dripping it, I’d have had 4-5 new shares last month!

    • You should, DW. You can simply put it on cruise control and keep accumulating shares. Interesting move today with their purchase of EDE..although the market doesnt seem to like it punishing AQN stock price by almost 9%. I decided to pick some up since I had my eye on it for a while. Gotta love those US$ dividends 🙂

      R2R

  6. R2R,

    This is such an inspiring curve of growth! Thanks for sharing your journey along the way. I hope in the future to emulate the same curve in my own portfolio. Your blog gives me the soft reminder that I need to also start thinking outside the US with my portfolio!

    Thanks!

    -Dividend Monster

    • Thanks DM,
      Keep that income growing month after month – thats the goal. Investing internationally makes sense – since you have a strong US$ now…but then again, more than half of the S&P500 revenues comes from outside US these days, so you automatically get international diversification.

      Best
      R2R

  7. You have great snowball that now really starts to roll. I like the fact that you are able to put on a different sources of income. Not only dividends, but also writing articles and the blog. All these little bits contribute to your performance.

    I recently started to to set up an income stream next to my day job as well. I hope I can keep it profitable. My main investments are all in non dividend paying indexes. I plan to harvest the results later on the journey, when I start converting to dividend paying assets.

    AT

    • That snowball is growing all right 🙂
      I started off on a similar path – with expensive mutual funds and some ETFs before I had a sizeable portfolio…and then slowly started moving towards dividend investing. Im sure your dividend income will be significant amount if you switch to dividend focused ETFs or individual stocks. But then again, I really like the instant diversification you get from funds.

      cheers
      R2R

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