Passive Income Update – May 2018

Welcome to our monthly passive income update for May 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 May 2018 was C$694.91. The passive income for the month comprised of US$376.28 and C$209.51 (exchange rate is US$1 = C$1.29).

The change for the month is -8.9% QoQ and -21.65% YoY for the month. This brings our passive income to $4,173.80 YTD and achieves 37.94% of our annual goal of earning $11K.

Income Sources

Passive income contributing entities:

Stocks:

  • Bank of Montreal (BMO.TO)
  • Inter Pipeline Ltd (IPL.TO)
  • Kinder Morgan Inc (KMI)

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 $210.82 and other passive income totaled $484.09. Read more about why we consider this as passive income in the Passivity Index post.

Portfolio Activity

Dividend Increases

May saw 4 dividend increase announcements in our portfolio.

  • Algonquin Power & Utilities (AQN.TO) raised its dividend by 10.04%
  • Bank of Montreal (BMO.TO) raised its dividend by 3.23%
  • Franco Nevada Corp (FNV.TO) raised its dividend by 4.35%
  • Kirkland Lake Gold (KL.TO) raised its dividend by 50%

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

  • Nevsun Resources (NSU) — Covered call option, Called Away

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.

< Passive Income

Stay updated: Be sure to stay updated on all the posts by subscribing via email or following via Twitter, Google+Facebook, or Pinterest.

8 thoughts on “Passive Income Update – May 2018

  1. Hi R2R,

    you have nicely diversified source of more or less passiv income. I also like the Passivity Index.

    Would be interesting to see a more detailed breakdown to get an idea which sources are more lucrative than others. Maybe too much work to do each month, but maybe you could focus on one income stream each month and report about this in more detail. Just an idea.

    Thanks for posting!

    Torsten

    • Hi Torsten,
      The breakdown is shown in the section just before “Portfolio Activity”. There was no options income in May, dividends totaled $210.82 and “other” was $484.09. I have another chart that shows the breakdown…I can start sharing that in monthly reports that can provide more perspective to readers.

      R2R

  2. JC says:

    Nearly $700 for May is still a hefty total. It looks like your other passive income is really chugging along nicely. I can’t remember off the top of my head but has that been a fairly consistent number for you month to month? Dividends are still our primary source of passive income and they are heavily tilted towards the end of quarter month. That month alone beats the other 2 months of each quarter by about 30%. I hope to get that evened out a bit but honestly it doesn’t bother me too much. It’d just be nice to have a bit more consistency with them.

    • Hi JC,
      The middle month of the quarter is def not the biggest one, and has shrunk quite a bit since I recently sold off OHI. Hoping to find some good buying opportunities if the market corrects. Lets see how things play out. Good to see a purchase on your end after a long break.

      cheers
      R2R

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.