Passive Income Update – Oct 2016

Welcome to our monthly passive income update for October 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 overall progress.

Passive Income  Update

Passive income for the month of Oct 2016 was C$596.94. The passive income for the month comprised of US$276.09 and C$226.98 (exchange rate is US$1 = C$1.34).

Passive income change is -21.38% QoQ and -10.40% YoY for the month. The passive income YTD is $7,135.27, which achieves 79.27% of our annual goal of earning $9K.

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Passive income contributing entities:

Stocks:

  • Algonquin Power & Utilities Corp (AQN.TO)
  • BCE Inc (BCE.TO)
  • Inter Pipeline Ltd (IPL.TO)
  • Toronto-Dominion Bank (TD.TO)

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 $152.76 and other passive income totaled $444.18. Read more about why we consider this as passive income in the Passivity Index post.

Portfolio Update

Dividend Increases

October saw two dividend increase announcements in our portfolio.

  • Omega Healthcare Investors Inc (OHI) raised its dividend by 1.67%

Added Positions

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

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 you, the readers.

Disclosure: Our full list of holdings is available here.

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18 thoughts on “Passive Income Update – Oct 2016

  1. JC says:

    Still a very strong month considering the selling you’ve done. Nearly $600 for a slow dividend month is excellent and that $400+ from other sources is excellent. 80% of the way towards your goal is fantastic. How close do you think you’ll get to your $9k goal? I’m assuming you’ll come up short given the selling of lots of positions. All the best in November.

    • Thanks JC. Hope your Oct was great too. The ‘other’ has been lifting the heavy weights while my DGI stocks have been whittled down over the course of last few months. I figure I can get to about 92-93% of the $9K goal unless I decide to juice my returns by writing some options or something. Right now, I dont see anything great opportunities based on my positions except maybe one or two (I can only write covered call options because of holding my securities in tax-advantaged accounts). Hoping to get some better opportunities in the next couple of months closing out the year…lets see.

      cheers
      R2R

  2. vijay says:

    Thanks for sharing, I just joined and found your info very helpful. Please continue and looking forward to your next blog. Thanks

  3. As other comments has stated, a solid month by any measure. Your passive income continues to roll in even with some recent sales (and buys). A slight year over year decrease but your passive income stream is more diversified than mine as dividends, affiliates, ads, options, etc. all contributed to a strong month. Thanks for sharing.

    • Ive always been a huge advocate for diversification and my passive income hopefully demonstrates that. Its not just diversification inside a dividend portfolio that matters, but also the types of passive income….if we have multiple streams, taking a hit on one stream will not spell trouble.

      R2R

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