Passive Income Update – Jan 2018

Welcome to our monthly passive income update for January 2018. 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 January 2018 was C$864.77. The passive income for the month comprised of US$387.43 and C$388.23 (exchange rate is US$1 = C$1.23).

Passive income change is +3.6% QoQ and +32.7% YoY for the month. This passive income achieves 7.86% of our annual goal of earning $11K.

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)
  • Nevsun Resources (NSU) (NSU.TO)
  • Toronto Dominion Bank (TD.TO)
  • Ventas Inc (VTR)

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)
  • Vanguard FTSE All World Ex-Canada Index ETF (VXC.TO)
  • Scotia Diversified Monthly Income Fund (mutual fund)

Other:

The breakdown of our passive income contributing entities: dividends & options totaled $351.86 and other passive income totaled $512.91. Read more about why we consider this as passive income in the Passivity Index post.

Portfolio Activity

Dividend Increases

January saw two dividend increase announcements in our portfolio.

  • Canadian Utilities Ltd (CU.TO) raised its dividend by 10%
  • Omega Healthcare Investors Inc (OHI) raised its dividend by 1.54%

Added Positions

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

Stocks:

Funds:

Reduced/Closed Positions

During the month, we reduced/closed the following positions

Options

  • No new option contracts, although a few expired in Jan – see option tracking sheet here

That’s all folks! Hope you had a great January 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 – Jan 2018

    • I havent followed up lately to see whats going on with the company — but looks like its been taking a beating over the last few months. Probably because of rising rates and REITs going out of favor? I have to do some research on my end before I can comment. But overall, its a well run company and one of the strongest in the healthcare REIT subsector.

      R2R

  1. Looks like a great month. I dripped myself some Algonquin as well – love seeing those new shares hit the account 🙂

    I also recently closed out one of my higher cost mutual funds and replaced it with VXC – should save me about 1000/year in fees – looking forward to it:)

    • Thanks for stopping by and the comment, Jordan. Yes, AQN has been good to me — I am sitting on a full position, but happy to DRIP it regularly.

      VXC is a great fund to hold — I use that vehicle for intl exposure in both my wife and daughter’s portfolios.

      cheers
      R2R

  2. JC says:

    Man that’s a huge jump YoY and a nice chunk of cash for January too. What was the biggest cause for such a large increase? Was it dividends or was it other passive income sources. Either way it’s a great start to the new year. Congrats.

    • Thanks JC. The YoY was due to a little bit of increase in everything. All my accounts saw growth over the year – including more investments, more dividend raises, the Other category did extremely well too, not to mention some crypto mining sending some passive income my way that I didnt have last year.

      Hope you had a great Jan too.

      cheers
      R2R

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