Passive Income Update – Nov 2017

Welcome to our monthly passive income update for November 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 November 2017 was CAD$970.80. The passive income for the month comprised of US$557.76 and CAD$251.29 (exchange rate is US$1 = CAD$1.29).

Passive income change is +18.22% QoQ and +81.46% YoY for the month. The passive income YTD is $8,181.85 and achieves 81.8% 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)

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)

Options:

  • I wrote 1 covered call option contract on Inter Pipeline Ltd (IPL.TO)
  • I wrote 10 covered call options contract on B2Gold Corp (BTG)

Other:

The breakdown of our passive income contributing entities: dividends & options totaled $677.02 and other passive income totaled $274.43. Read more about why we consider this as passive income in the Passivity Index post.

Portfolio Activity

Dividend Increases

November saw three dividend increase announcements in our portfolio.

  • Inter Pipeline Ltd (IPL.TO) raised its dividend by 3.7%
  • Kirkland Lake Gold (KL.TO) raised its dividend by 100%, after initiating dividend in March 2017
  • Starbucks Corp (SBUX) raised its dividend by 20%

Dividend Cut

November saw one dividend reduction announcements in our portfolio.

  • Wheaton Precious Metals (WPM) reduced its dividend by 10%, after two raises earlier in 2017

Added Positions

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

Stocks:

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)
  • Scotia Diversified Monthly Income Fund (mutual fund) *DRIP*
  • US Equity & International Equity Index Segregated Funds
  • Vanguard Emerging Market Bond ETF (VWOB)

Crypto:

I have started building a portfolio of digital assets/cryptocurrencies. I will post details in a separate blog post soon. In November, I added to the following positions

Closed Position

I sold and closed positions in

Options

  • I wrote 1 covered call option contract on Inter Pipeline Ltd (IPL.TO)
  • I wrote 10 covered call options contract on B2Gold Corp (BTG)

You can track the options via a tracking sheet here.

That’s all folks! Hope you had a great November 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 – Nov 2017

  1. Solid November results. Getting close to that $10K goal which is exciting to see. Sad to see ADM and SBUX leave your portfolio. I remember when you sold them. Keep up the good work!

    • Thanks DH. Yeah it was too bad that I had to cut a couple of dividend growth companies — but I am fairly more comfortable with that move now. Will probably look at reinitiating in the next cycle.

      Best
      R2R

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