Passive Income Update – Apr 2017

Welcome to our monthly passive income update for April 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 April 2017 was C$594.72. The passive income for the month comprised of US$107.65 and C$447.24 (exchange rate is US$1 = C$1.37).

Passive income change is -8.73% QoQ and -6.70% YoY for the month. The passive income YTD is $2,661.92 and achieves 26.6% 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)

Options:

• 1 covered call (STO & BTC — Rolled) on Canadian Utilities Ltd (CU.TO)

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)
• Vanguard Emerging Market Bond ETF (VWOB)
• Scotia Diversified Monthly Income Fund (mutual fund)

Other:

• Advertising revenue from this blog
• Interest on cash
• Cashback credit card
• Affiliate program from BlueHost & Simply Wall St
• Seeking Alpha – 1 new articles published
  • Top Dividend Raises And Cuts For March 2017

The breakdown of our passive income contributing entities: dividends & options totaled $232.02 and other passive income totaled $362.70. Read more about why we consider this as passive income in the Passivity Index post.

Portfolio Activity

Dividend Increases

April saw 2 dividend increase and 1 dividend initiation announcements in our portfolio.

• Johnson & Johnson (JNJ) raised its dividend by 5%
• Omega Healthcare Investors Inc (OHI) raised its dividend by 1.61%

Added Positions

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

• Algonquin Power & Utilities Corp (AQN.TO) – 5 shares DRIPped

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)
• US Equity & International Equity Index Segregated Funds

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 you, the readers.

Disclosure: Our full list of holdings is available here.

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