Passive Income Update – Jan 2017

Welcome to our monthly passive income update for January 2017. 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 Jan 2017 was C$651.64. The passive income for the month comprised of US$178.92 and C$417.25 (exchange rate is US$1 = C$1.31).

Passive income change is +9.16% QoQ and -4.00% YoY for the month. The passive income for the month achieves 6.51% of our annual goal of earning $10K.

Income Sources

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)

Options:

  • I wrote one covered call contract on Canadian Utilities Ltd (CU.TO)

Funds:

  • BMO S&P/TSX Capped Composite Index ETF (ZCN.TO)
  • Vanguard FTSE All World Ex-Canada Index ETF (VXC.TO)
  • 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 $223.28 and other passive income totaled $428.36. Read more about why we consider this as passive income in the Passivity Index post.

Portfolio Activity

Dividend Increases

January saw four dividend increase announcements in our portfolio.

  • Algonquin Power & Utilities Corp (AQN.TO) raised its dividend by 10%
  • Canadian National Railway (CNR.TO) raised its dividend by 10%
  • Canadian Utilities Ltd (CU.TO) raised its dividend by 10%
  • Omega Healthcare Investors Inc (OHI) raised its dividend by 1.64%

Added Positions

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

Stocks:

Funds:

Reduced Positions

Other

  • I wrote 1 covered call option contract on Canadian Utilities (CU.TO)

That’s all folks! Hope you had a great January 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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24 thoughts on “Passive Income Update – Jan 2017

  1. JC says:

    Great job R2R. Over $650 for January is fantastic. I have to say I was a bit surprised to see that the year over year decline was only 4%. I’m guessing the companies you sold don’t pay during January so they didn’t affect the outcome or your other passive sources really helped to pick up the slack. All the best with reaching $10k for the year. I’m hoping to push ours up over $10k for 2017 as well which should be reachable with dividend growth as well as more time to write to generate extra income. From taxable account dividends, interest and the blog we generated over $9.4k in non-work income for 2016 which I think is fantastic. There’s still a long ways to go to be considered FI but every bit helps.

    • Thanks JC. Looks like you and I are both around the same stage in our FI journey. Agreed that $10K is not close to calling ourselves FI, but every bit helps and we can keep compounding our returns and building on that foundation we have. Here’s to hoping that we can supercharge our earnings over the years and reach FI sooner rather than later.

      Best wishes
      R2R

  2. Roadmap – I was fortunate to be a recipient of dividends from some of the companies you mentioned, as I own AQN, BCE, IPL and TD. I also own CN, which as you noted announced a dividend increase of 10% in January. I see you also own Brookfield Infrastructure, which just announced an 11.54% increase last week. Nice to get those double digit increases!

    • Its good to see those dividends roll in. Congrats on the income…and the raises that came with them in Jan. I had missed the BIP announcement last week. Thanks for pointing it out — always great to see such announcements..BIP is another company that I need look at and possibly add to my position.

      Best
      R2R

    • Thanks Tristan. The ‘other’ category picked up some of the slack. So, it was a smaller drop than I expected. Onwards towards the goal 🙂

      Hope you had a great Jan as well.
      cheers
      R2R

    • Thanks for the wishes, DL. $10K seems like a long way away, but every little bit helps in marching towards that goal. Hope your Jan was good as well. Thanks for stopping by and commenting

      R2R

  3. Always nice seeing a solid report for passive income earned from a variety of sources. No longer are we seeing dividends only, now options, ads, interest and more to complete a nice passive income picture. Keep up the good work.

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