Passive Income Update – Jul 2017

Welcome to our monthly passive income update for July 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 July 2017 was C$609.00. The passive income for the month comprised of US$296.15 and C$238.81 (exchange rate is US$1 = C$1.25).

Passive income change is +2.4% QoQ and -19.8% YoY for the month. The passive income YTD is $4,835.77 and achieves 48.3% 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)
  • Kirkland Lake Gold (KL.TO)

Funds:

  • BMO S&P/TSX Capped Composite Index ETF (ZCN.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 $216.51 and other passive income totaled $392.49. Read more about why we consider this as passive income in the Passivity Index post.

Portfolio Activity

Dividend Increases

July saw one dividend increases announcements in our portfolio.

  • Omega Healthcare Investors Inc (OHI) raised its dividend by 1.59%

Added Positions

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

Stocks:

Funds:

That’s all folks! Hope you had a great July 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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10 thoughts on “Passive Income Update – Jul 2017

  1. Not bad! Keep it up R2R! I had a record July thankfully due to rental property income. I’m still less than 50% of the way towards my goal though. We will see!

    Passive Income Dude

    • I am just about getting close to the 50% mark…that $10k goal is starting to look a bit unachievable now, unless I see some good rally and write some covered calls on my positions. Keeping my fingers crossed.

      cheers
      R2R

  2. Great job for the month of July. Solid dollar amount coming in along with an impressive year over year gain too. Looks like you made quite a few buys in July as well. Keep it busy, even in the summer.

  3. Good progress! Don´t think I have seen a dividend blog before that posts the alternative income such as affiliate income or cash back credit. Interesting way of showing passive income! Keep going!

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