Passive Income Update – Nov 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$534.99. The passive income for the month comprised of US$292.93 and C$142.46 (exchange rate is US$1 = C$1.34).

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Passive income change is -2.20% QoQ and -20.85% YoY for the month. The passive income YTD is $7,670.26, which achieves 85.22% of our annual goal of earning $9K.

Passive income contributing entities:

Stocks:

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

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

November saw three dividend increase announcements in our portfolio.

  • Inter Pipeline Ltd (IPL.TO) raised its dividend by 3.85%
  • Silver Wheaton Corp (SLW.TO) raised its dividend by 20%
  • Starbucks Corp (SBUX) raised its dividend by 25%

Added Positions

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

That’s all folks! Hope you had a great November 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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12 thoughts on “Passive Income Update – Nov 2016

  1. Solid performance for your November dividends whether in USD or CAD terms. I think everyone was amazed by that SBUX raise. Shows this company is still in major growth mode. Thanks for sharing.

  2. Nice job. You might still hit or at least come close to your annual income target. Considering the changes you’ve made to your portfolio, it’s really impressive that you’re so close. Nice work.

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