Passive Income Update – May 2016


Welcome to our monthly passive income update for May 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 May 2016 was C$615.91. The passive income for the month comprised of US$312.35 and C$206.73 (exchange rate is US$1 = C$1.31).

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Passive income change is -1.74% QoQ and -5.04% YoY for the month. The passive income YTD is $3,421.31 achieves 38% of our annual goal of earning $9K.

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Passive income contributing entities:

Stocks:

  • Apple Inc (AAPL)
  • AT&T Inc (T)
  • Cineplex Inc (CGX.TO)
  • Inter Pipeline Ltd (IPL.TO)
  • Kinder Morgan Inc (KMI)
  • Main Street Capital (MAIN)
  • Omega Healthcare Investors Inc (OHI)
  • Realty Income Corp (O)
  • RioCan REIT (REI.UN.TO)
  • The Jean Coutu Group (PJC.A.TO)

Funds:

  • BMO Aggregate Bond Index ETF (ZAG.TO)
  • Scotia Diversified Monthly Income Fund (mutual fund)

Options:

  • I wrote one Jun 17 covered call option on The Jean Coutu Group (PJC.A.TO). Strike price: $20.00

Other:

The breakdown of our passive income contributing entities: dividends from stocks and funds + options premium totaled $314.91 and other passive income totaled $301.00. Read more about why we consider this as passive income in the Passivity Index post.

Portfolio Update

Dividend Increases

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

Added Positions

That’s all folks! Hope you had a great May 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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15 thoughts on “Passive Income Update – May 2016

    • Hi Lanny,
      Yes, KMI div cut had a part to play in the YoY decline…but also my earnings from other sources vary each month coupled with exchange rates…so, theres always some up & down.

      Thanks for stopping by and commenting
      R2R

    • Isnt that the dream? 🙂 I am aiming to hit $1K in the next couple of years and then upwards and onwards after that.

      Hope you had a great month, Alex. Thanks for stopping by
      R2R

  1. Hi R2R,
    Even with a small decrease, you’re still much further ahead than last year at this point so congrats! C$615.91 of passive income is a great result.
    Best wishes,
    -DL

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