Passive Income Update – March 2016

Welcome to our monthly passive income update for March 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 March 2016 was C$862.28. The passive income for the month comprised of US$450.15 and C$308.47 (exchange rate is US$1 = C$1.31).

Monthly-Passive-Income-Mar2016

Passive income change is -5.73% QoQ (we received an annual payout in Dec 2015 from one of our funds) and 74.30% YoY for the month. The passive income YTD is $2,167.95, which achieves 24% of our annual goal of earning $9K.

Passive Income - Mar 2016

Passive income contributing entities:

Stocks:

  • Archer Daniels Midland (ADM)
  • Amgen Inc (AMGN)
  • Brookfield Infrastructure Partners LP (BIP.UN.TO)
  • Canadian National Railway (CNR.TO)
  • Canadian Utilities Ltd (CU.TO)
  • Care Capital Properties Inc (CCP)
  • Chevron Corp (CVX)
  • Cineplex Inc (CGX.TO)
  • Inter Pipeline Ltd (IPL.TO)
  • Johnson & Johnson (JNJ)
  • Magna International (MG.TO)
  • Main Street Capital (MAIN)
  • Power Corp of Canada (POW.TO)
  • Qualcomm Inc (QCOM)
  • Realty Income Corp (O)
  • Thomson Reuters (TRI.TO)
  • Ventas Inc (VTR)
  • Wells Fargo & Co (WFC)

Funds:

  • BMO Aggregate Bond Index ETF (ZAG.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 $458.46 and other passive income totaled $403.82. Read more about why we consider this as passive income in the Passivity Index post.

Portfolio Update

Dividend Increases

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

Added/Closed Positions

  • No new positions added/closed in March 2016.

That’s all folks! Hope you had a great March 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.

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36 thoughts on “Passive Income Update – March 2016

    • Thanks buddy. I remember those days…I used to think what the point, even though I realized that the dividends will grow over time. Its disheartening when you start to see a paltry amount and wonder if it will even amount to anything significant.

      Hope your week is going great too

      Best
      R2R

      • I think we are at the same stage you might have been. It is such small amounts now, but seeing so many of you so much further along and knowing what great progress can be made, is very inspiring. Thanks for sharing your journey R2R, it is very inspiring to us.

        It’s results like yours that show it is possible for us to succeed. 🙂

        Tristan

        • Dont get disheartened. It takes a while to get that snowball rolling. Remember what they say – its the first $100K that is the hardest, then the first $1M seems the hardest…but once you get going, you can go full steam ahead.

          Keep on hustlin’
          R2R

  1. Don’t stop and keep pushing yourself Sabeel. Make your family proud bud. No regrets. Love passive income and the more the better.
    Thanks for sharing and keep at it.
    Keep up the great work here and take care. Cheers my friend.

    • Thanks Tyler. Your enthusiasm is contagious 🙂
      We all wish to reach FI as soon as possible, but the journey itself is great…its great to see the community make better of themselves month after month and work towards reaching their goals.

      Thanks for stopping by and the words of encouragement. Hope you had a great March too.

      Best
      R2R

  2. 74% YoY is totally awesome, so impressive. It’s great that you already have multiple sources of passive income. You’ll get to your passive income goal this year in no time. Keep up the great work R2R.

  3. That’s awesome R2R! Over $2k in extra income from Q1 alone is fantastic. I need to add it up but between dividends and blogging I think we crossed over $2.5k for the quarter. That’s $10k in extra income for the year if we keep up that pace. All the best in Q2.

    • Thats amazing, JC. Nearly $10K in extra income is nothing to sneeze at. Thats a pretty substantial amount…I am hoping to reach my $9K goal this year, and looking forward to hitting a 5-digit number for 2017.

      Thanks for stopping by
      R2R

  4. Another inspiring update as always. How far we each have come in just a few short years. We talk about that snowball and now it seems that it’s really starting to roll for a lot of us. With a quarter of year gone you are right on track with your stated income goal for the year as you are already a quarter of the way there. Great job and lots of great names paying you too. Thanks for sharing!

    • We have come far in a short duration. If we can keep this momentum going, we will reach FI in no time. Thanks for the continued support and hope your journey is just as pleasurable as I find it.

      Best wishes
      R2R

  5. 74 pct YOY increase is more than great progress. The graph looks really nice. There is a clear upward trend! The small blips here and there will be long forgotten when you reach FI

    • I was pretty amazed at that 74% number myself…didnt think that it was that much higher than a year ago, but here we are. Hoping to keep that momentum going forward and building on that foundation.

      cheers
      R2R

    • Thank you for the wishes, DGI. Slow and steady indeed. Theres no get-rich-quick scheme when it comes to building a dividend portfolio.

      Thanks for stopping by and the wishes
      R2R

  6. Always moving upwards with that passive income, R2R! It’s amazing how quickly it can all snowball. I long for the day I can live off my passive income. That day can’t come soon enough.

    Sincerely,
    ARB–Angry Retail Banker

    • Likewise ARB. I am hoping to build a decent income stream so that I can reach FI and have the freedom to do whatever I want. Until then, I will let my dividends reinvest, and hustle away working on my passive income streams.

      Hope you had a great month in March. Thanks for stopping by
      R2R

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