Passive Income Update – Apr 2017

Welcome to our monthly passive income update for April 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 April 2017 was C$594.72. The passive income for the month comprised of US$107.65 and C$447.24 (exchange rate is US$1 = C$1.37).

Passive income change is -8.73% QoQ and -6.70% YoY for the month. The passive income YTD is $2,661.92 and achieves 26.6% 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)

Options:

  • 1 covered call (STO & BTC — Rolled) 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)
  • BMO EM CAD Hedged Bond ETF (ZEF.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 $232.02 and other passive income totaled $362.70. Read more about why we consider this as passive income in the Passivity Index post.

Portfolio Activity

Dividend Increases

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

  • Johnson & Johnson (JNJ) raised its dividend by 5%
  • Omega Healthcare Investors Inc (OHI) raised its dividend by 1.61%

Added Positions

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

Stocks:

  • Algonquin Power & Utilities Corp (AQN.TO) – 5 shares DRIPped

Funds:

That’s all folks! Hope you had a great April 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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20 thoughts on “Passive Income Update – Apr 2017”

  2. JC says:

    Considering you’re likely still feeling the effects of the sales you made last year I think a 7% YoY decline isn’t that bad. Are the investments in the various funds helping to keep that number smaller or is it other sources of PI that is picking up the slack? All in all it looks like a really solid month at nearly $600. We weren’t anywhere near that if you just count dividends, but if you throw in options income we crushed that!

    Reply

    • Yes, some of those funds are picking up after the sales from last year. I am still ok with the decrease since I feel much more better positioned as far as my portfolio goes.
      Hope you had a great Apr as well.

      cheers
      R2R

      Reply

  4. You managed a very healthy total for April despite a year over year decrease. No worries as you are well on your way to meet your 2017 income goals. I was happy with that JNJ raise. Not much but still respectable given the longevity of these annual raises. It’s a keeper. Thanks for sharing.

    Reply

  5. nice month, 5 additional shares of algonquin is awesome! Curious on more info on your other passive income sources. which one makes you the most monthly? what are u seeing in advertising revenues? I would love to see that kind of income come from my site. keep it up

    Reply

  6. I think I’ve said this before but I love all of your passive income sources! I try to do the same!

    Passive Income Dude

    Reply

    • Thanks Dan. I am a big fan of keeping my multiple sources of income flowing. Month after month, they keep cash flowing and providing me with a more secure future.

      Hope your Apr was good too
      R2R

      Reply

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