Passive Income Update – Apr 2018

Welcome to our monthly passive income update for April 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 ofApril 2018 was C$1,024.27. The passive income for the month comprised of US$271.77 and C$673.69 (exchange rate is US$1 = C$1.29).

The change for the month is 18.44% QoQ and +72.23% YoY for the month. This brings our passive income to $3,478.89 YTD and achieves 31.6% 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)
  • Toronto Dominion Bank (TD.TO)
  • Ventas Inc (VTR)

Options:

  • 15x covered call STO on B2Gold Corp (BTO.TO)
  • 10x covered call STO on Nevsun Resources (NSU)

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 $752.26 and other passive income totaled $272.01. Read more about why we consider this as passive income in the Passivity Index post.

Portfolio Activity

Dividend Increases

April saw one dividend increase announcement in our portfolio.

  • Kinder Morgan Inc (KMI) raised its dividend by 60%

Added Positions

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

Stocks:

  • Algonquin Power & Utilities Corp (AQN.TO) *DRIP*

Funds:

Reduced/Closed Positions

During the month, we reduced/closed the following positions

Options

  • I wrote 15 covered call options contract on B2Gold Corp (BTO.TO)
  • I wrote 10 covered call options contract on Nevsun Resources (NSU)

See all options activity here

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 the readers.

Disclosure: Our full list of holdings is available here.

< Passive Income

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6 thoughts on “Passive Income Update – Apr 2018

  1. Nice road! Congrats on your income. Curious what kind of income do you avg monthly feom seeking alpha? They publish my posts and i could write for them to earn a income. Just debating since i need the content on my site as well!

    Anyways keep it up and congrats on that solid dividend raise.

    Cheers
    Rob

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