Passive Income Update – Aug 2016

Welcome to our monthly passive income update for August 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 August 2016 was C$546.35. The passive income for the month comprised of US$318.63 and C$128.94 (exchange rate is US$1 = C$1.31).

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Passive income change is -11.29% QoQ and -18.91% YoY for the month. The passive income YTD is $5,878.03, which achieves 65.3% of our annual goal of earning $9K.

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Passive income contributing entities:

Stocks:

  • Inter Pipeline Ltd (IPL.TO)
  • Kinder Morgan Inc (KMI)
  • Omega Healthcare Investors Inc (OHI)
  • Realty Income Corp (O)

Funds:

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

Other:

The breakdown of our passive income contributing entities: dividends & options totaled $176.68 and other passive income totaled $369.67. Read more about why we consider this as passive income in the Passivity Index post.

Portfolio Update

Dividend Increases

August saw two dividend increase announcements in our portfolio.

  • Brookfield Infrastructure Partners LP (BIP)(BIP.UN.TO) raised its dividend by 3.51%
  • Bank of Nova Scotia (BNS) raised its dividend by 2.8%

Added Positions

During the month, we added the following position to our portfolio

Closed Positions

During the month, we closed the following positions in our portfolio

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

Disclosure: Our full list of holdings is available here.

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16 thoughts on “Passive Income Update – Aug 2016

    • Hi DiviCents,
      The Cdn banks have delivered good results despite the problems present. I hear you on the options trading…I have stayed away too..but go with slightly more conservative approach like writing covered calls instead of directly trading options.

      cheers
      R2R

  1. You achieved a very healthy sum for August passive income despite a year over year loss. With a third of the year still to go it looks like you will make your annual passive income goal. As DC said above, I too noticed the trend of more bloggers jumping aboard the options train. I still am not there yet but the idea of collecting premiums does entice me to boost monthly income. Thanks for sharing.

    • I think the waiting game is getting to everyone and with yields pushed so far down, investors have had to turn towards riskier investments. First it was going to stocks from bonds and now looks like ppl are turning to options trading to get any sort of return. We can thank the central bankers when all this comes crashing down. Its one of the reasons why I have started pulling money out of the market — I am ok with not having any returns for a year or two, if it comes to that.

      R2R

  2. Even with the stock sells your dividend income is impressive. Gotta love the 3rd party site revenue you’re getting. I’m actually trying an experiment now where I’ve removed all display ads from Google and Media.net. They slow my site down so darn much, that It drives me crazy. My site is really fast now. All I have is one Bluehost link and I’m testing Smart Asset. Aside from that no ads.

    • Thanks Nathan.
      Interesting approach. I am barely getting any returns from my ads…so I wonder if I should get rid of them too. Interesting that you are trying Smart Asset. I got contacted by them, but wasnt sure if I should use them. How has the return been?

      R2R

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