Passive Income Update – Mar 2017

Welcome to our monthly passive income update for March 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 March 2017 was C$675.55. The passive income for the month comprised of US$269.97 and C$313.79 (exchange rate is US$1 = C$1.34).

Passive income change is -52.74% QoQ (big payout in annual dividends in Dec 2016) and -21.66% YoY for the month. The passive income YTD is $2,067.19 and achieves 20.67% of our annual goal of earning $10K.

Income Sources

Passive income contributing entities:
Stocks:

• Archer Daniels Midland (ADM)
• Brookfield Infrastructure Partners LP (BIP.UN.TO)
• Canadian National Railway (CNR.TO)
• Canadian Utilities Ltd (CU.TO)
• Franco Nevada Corp (FNV.TO)
• Inter Pipeline Ltd (IPL.TO)
• Johnson & Johnson (JNJ)
• Pan American Silver Corp (PAAS.TO)
• Silver Wheaton Corp (SLW.TO & SLW)
• Ventas Inc (VTR)

Options:

• 1 covered call STO on Canadian Utilities Ltd (CU.TO)
• 1 covered call STO on Silver Wheaton Corp (SLW)

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)
• Intl Equity Fund (Seg Fund)

Other:

• Advertising revenue from this blog
• Interest on cash
• Cashback credit card
• Affiliate program from BlueHost & Simply Wall St
• Seeking Alpha – 2 new articles published
  • Top Dividend Raises And Cuts For February 2017
  • Bank Of Montreal: Rock Solid For 200 Years And Counting

The breakdown of our passive income contributing entities: dividends & options totaled $387.08 and other passive income totaled $288.47. Read more about why we consider this as passive income in the Passivity Index post.

Portfolio Activity

Dividend Increases

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

• Kirkland Lake Gold (KL.TO) initiated a dividend policy. Starting yield is 0.40%
• Silver Wheaton Corp (SLW) raised its dividend by 16.67%
• Toronto-Dominion Bank (TD.TO) raised its dividends by 9.1%

Added Positions

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

• B2Gold Corp (BTG)(BTO.TO)
• Toronto-Dominion Bank (TD.TO)

Funds:

• BMO S&P/TSX Capped Composite Index ETF (ZCN.TO)
• Vanguard FTSE All-World Ex-Canada Index ETF (VXC.TO)
• BMO EM CAD Hedged Bond ETF (ZEF.TO)
• US Equity & International Equity Index Segregated Funds
• Vanguard EM Bond ETF (VWOB)

Other

• I wrote 1 covered call option contract on Canadian Utilities Ltd (CU.TO)
• I wrote 1 covered call option contract on Silver Wheaton Corp (SLW)

That’s all folks! Hope you had a great March 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.

This article was written by Roadmap2Retire. If you enjoyed this article, please consider subscribing to my feed at Roadmap2Retire.com/feed