Passive Income Update – Feb 2017

Welcome to our monthly passive income update for February 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 Feb 2017 was C$740.01. The passive income for the month comprised of US$250.21 and C$406.48 (exchange rate is US$1 = C$1.33).

Passive income change is 38.3% QoQ and 18.05% YoY for the month. The passive income YTD is $1,391.65 and achieves 13.9% of our annual goal of earning $10K.

Income Sources

Passive income contributing entities:

Stocks:

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

Options:

  • I wrote 15 covered call option contracts on B2Gold (BTO.TO)

Funds:

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

Other:

The breakdown of our passive income contributing entities: dividends & options totaled $326.25 and other passive income totaled $413.76. Read more about why we consider this as passive income in the Passivity Index post.

Portfolio Activity

Dividend Increases

February saw 4 dividend increase announcements in our portfolio.

  • Archer Daniels Midland (ADM) raised its dividend by 6.67%
  • BCE Inc (BCE.TO) raised its dividends by 4.92%
  • Brookfield Infrastructure Partners LP (BIP.UN.TO) raised its dividend by 11.54%
  • Pan American Silver Corp (PAAS.TO) raised its dividend by 100%

Added Positions

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

Stocks:

Funds:

Closed Positions

Other

That’s all folks! Hope you had a great February 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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14 thoughts on “Passive Income Update – Feb 2017

  1. That’s a very healthy sum of passive income earned for the month of Feb. Nice job. Keeping busy with new positions, which is cool to see during these high times in the market and collecting options premiums too is setting yourself up for a nice 2017. Thanks for sharing.

    • Haha gold equities and esp BTO was getting ahead of itself…decided to write some covered call and take some profits. So far, its looking like I timed it well as they prices have pulled back and I can keep those shares going forward, but until expiration day — you never know 🙂

      R2R

  2. I figured you’ve been selling quite a bit lately, you income would have gone down, but the option writing giving you a healthy income. You inspired me to get on board… heeheh but not yet, I don’t know what’s I’m doing. LOL 🙂 I’d better stick to real estate for now. But you should write more story on your option trading as I want to learn.

    • Hi DM,
      Haha…I own a sizable position in B2Gold, so decided to write some covered calls when i saw the stock price overextended a bit. Looks like I am well on track to see them expire worthless 🙂

      R2R

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