Passive Income Update – May 2017

Welcome to our monthly passive income update for May 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 May 2017 was C$888.22. The passive income for the month comprised of US$492.12 and C$223.86 (exchange rate is US$1 = C$1.35).

Passive income change is +20.03% QoQ and +44.21% YoY for the month. The passive income YTD is $3,550.14 and achieves 35.5% of our annual goal of earning $10K.

Income Sources

Passive income contributing entities:

Stocks:

  • Bank of Montreal (BMO.TO)
  • Inter Pipeline Ltd (IPL.TO)
  • Kinder Morgan Inc (KMI)
  • Omega Healthcare Investors Inc (OHI)
  • Toronto-Dominion Bank (TD.TO)

Options:

  • 1 covered call (STO) on Omega Healthcare Investors Inc (OHI)

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)

Other:

The breakdown of our passive income contributing entities: dividends & options totaled $597.84 and other passive income totaled $290.39. Read more about why we consider this as passive income in the Passivity Index post.

Portfolio Activity

Dividend Increases

April saw 2 dividend increase announcements in our portfolio.

  • Bank of Montreal (BMO) raised its dividend by 2.27%
  • Franco Nevada Corp (FNV) raised its dividend by 4.55%

Added Positions

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

Stocks:

  • (none)

Funds:

Other:

  • I wrote 1 covered call option contract on Omega Healthcare Investors Inc (OHI)

That’s all folks! Hope you had a great May as well. Be sure to share your thoughts, comments or concerns below. I love hearing from the readers.

Disclosure: Our full list of holdings is available here.

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20 thoughts on “Passive Income Update – May 2017

  1. That’s a nice year over year bump from all your passive income streams. Dividends, ads, options, affiliates and more. Nice way to diversify those dollars rolling in. Nice to see BMO giving a bump in payouts. I still don’t own all the big Canadian banks but have BMO, CM and now NA on my watch list. Keep up the good work!

    • Thanks DH. Hope things are well on your end. It was a small raise from BMO, but Im sure my daughter wont be complaining about it when she grows up (its part of Baby R2R portfolio 🙂 Its her first pay raise 🙂

      R2R

  2. JC says:

    Man nearly $900 for the month and some huge QoQ and YoY increases! All the best in June and I hope that your work will slow down a bit so you can get a chance to start writing a bit more. All the best.

    • Thanks JC. It was a great month, thanks to some good options income premiums added on top of the regular dividend and other passive income sources.

      Hope you had a great May as well. Im hoping for the dust to settle down at work next month, so hopefully will get back to writing more.
      R2R

  3. The purple really shot past the other colors this month! I am a huge fan of OHI too. Who wouldn’t like that penny increase each and every quarter? I just picked up 100 shares of it in my Roth and will be increasing that position every time it pays a dividend.

    • OHI is a great company…although I am trading a bit around the current price. I bought a tranche a few months ago and wrote a covered call which brought in some extra income in May. Hopefully, it wont get called away, but even if did, I would have a decent profit booked.

      R2R

    • Thats amazing, AT. Ive crossed the 1000 mark a couple of times and really enjoyed the ride. One of my medium term goals is to hit that 1000 mark on a regular monthly basis. Here’s to hoping we can keep doing that

      R2R

  4. Nice growth this month! Impressive to see the snowball keep growing. Seems like you are quite close to steady 4-digit passive monthly income. Great work!

  5. Excellent report R2R. What’s great is that you have passive income coming in from multiple sources, including dividends and stock options. Double digit returns based on both Quarter and Year comparisons. Just awesome.

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