Passive Income Update – Mar 2017

Welcome to our monthly passive income update for March 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 March 2017 was C$675.55. The passive income for the month comprised of US$269.97 and C$313.79 (exchange rate is US$1 = C$1.34).

Passive income change is -52.74% QoQ (big payout in annual dividends in Dec 2016) and -21.66% YoY for the month. The passive income YTD is $2,067.19 and achieves 20.67% of our annual goal of earning $10K.

Income Sources

Passive income contributing entities:

Stocks:

  • Archer Daniels Midland (ADM)
  • Brookfield Infrastructure Partners LP (BIP.UN.TO)
  • Canadian National Railway (CNR.TO)
  • Canadian Utilities Ltd (CU.TO)
  • Franco Nevada Corp (FNV.TO)
  • Inter Pipeline Ltd (IPL.TO)
  • Johnson & Johnson (JNJ)
  • Pan American Silver Corp (PAAS.TO)
  • Silver Wheaton Corp (SLW.TO & SLW)
  • Ventas Inc (VTR)

Options:

  • 1 covered call STO on Canadian Utilities Ltd (CU.TO)
  • 1 covered call STO on Silver Wheaton Corp (SLW)

Funds:

  • BMO Aggregate Bond Index ETF (ZAG.TO)
  • BMO EM CAD Hedged Bond ETF (ZEF.TO)
  • Vanguard Emerging Market Bond ETF (VWOB)
  • Scotia Diversified Monthly Income Fund (mutual fund)
  • Intl Equity Fund (Seg Fund)

Other:

The breakdown of our passive income contributing entities: dividends & options totaled $387.08 and other passive income totaled $288.47. Read more about why we consider this as passive income in the Passivity Index post.

Portfolio Activity

Dividend Increases

March saw 2 dividend increase and 1 dividend initiation announcements in our portfolio.

  • Kirkland Lake Gold (KL.TO) initiated a dividend policy. Starting yield is 0.40%
  • Silver Wheaton Corp (SLW) raised its dividend by 16.67%
  • Toronto-Dominion Bank (TD.TO) raised its dividends by 9.1%

Added Positions

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

Stocks:

Funds:

Other

That’s all folks! Hope you had a great March 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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22 thoughts on “Passive Income Update – Mar 2017

  1. Yikes! What happened that caused a 21% YoY drop? Was it because of the selling of most of your dividend stocks? I could swear you did that well over a year ago.

    Even still, having over $2,000 for this point in the year isn’t too shabby. Keep it up!

    Sincerely,
    ARB–Angry Retail Banker

    • Yeah some of it was contributed by the sales, and some because my other income was lower than a year ago (which is variable month-to-month). Cant complain with making $2K per quarter. Hoping to keep this train rolling in the coming months.

      R2R

  2. JC says:

    All things considered $2k through the first quarter is pretty solid. What do you think your chances are of hitting that $10k goal? My goal is to hit $10k this year as well via dividends/blog so I need to tally that up but I imagine that I’m behind pace because I haven’t done nearly as much writing as I need to in order to hit that mark.

    • I see a fair chance of reaching $10K this year. One of my investments also pays an annual distribution in December, which should give me a nice push close to the finish line. But still…Im hoping the options and other income do some heavy lifting in the next couple of quarters to get close to the goal.

      Didnt realize your goal was also $10K. All the best, JC.
      R2R

  3. Lots of activity this month which is good to see. Even though you had a negative YoY% growth, looks like you are doing everything right to move your portfolio in the right direction for the long run. Thanks for sharing.

    • Yeah I didnt realize how much activity I had until I was putting this post together. Those small automated moves into index funds sure add up. Lucky for me, there are no/minimal transaction costs for most of them.

      Thanks for stopping by
      R2R

  4. Congrats hitting $2000 this quarter. Even more impressive that you sold a lot of stocks. B2GOLD was very good to me last year. I traded B2Gold a lot of times last year (both going short and long.

    • Thanks, IP. Good to hear that you are trading B2 and making some good profits. Thats the way to make money in the resource sector. I am not really selling B2 and now makes one of the largest positions in my portfolio — looking forward to the Fekola mine to come online and start contributing to the rev & earnings. Meanwhile, whenever I see some opportunity, I write some covered calls — so far so good and they havent been called away.

      R2R

    • Im ok with it. The decrease was expected — but whatever I am missing out on income is now growing in the other companies — as my overall portfolio value has increased significantly. So, its not a huge loss for me at all 🙂 I will be sharing some details in the quarterly post next week.

      cheers
      R2R

  5. Hi Sabeel — that’s a solid month for March despite the decrease you mention. I’m assuming the decrease is due to your reduction of DGI stocks. The other forms of passive income are quite impressive — good job on that and keep up the good work!

    • Thats correct, FerdiS. The sales combined with some variable month-to-month income caused the drop. But all hope is not lost — my overall portfolio is still pretty solid and I am happy with my positioning.

      Best
      R2R

  6. Solid update for the month of March. Dividends and options too all contributing to that monthly income stream. Great job even with the decline. All those stock sales no doubt took their toll. I remember all those heated comments on every stock sale blog post you wrote. Still, a great month no matter how you look at it.

  7. Nice job! Passive income just feels so great to receive. Even though you had a small set-back compared to last month/year looks like your are still on the right track to achieve your annual goals. Well done and keep it up! 🙂

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