Passive Income Update – May 2017

Welcome to our monthly passive income update for May 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 May 2017 was C$888.22. The passive income for the month comprised of US$492.12 and C$223.86 (exchange rate is US$1 = C$1.35).

Passive income change is +20.03% QoQ and +44.21% YoY for the month. The passive income YTD is $3,550.14 and achieves 35.5% of our annual goal of earning $10K.

Income Sources

Passive income contributing entities:
Stocks:

• Bank of Montreal (BMO.TO)
• Inter Pipeline Ltd (IPL.TO)
• Kinder Morgan Inc (KMI)
• Omega Healthcare Investors Inc (OHI)
• Toronto-Dominion Bank (TD.TO)

Options:

• 1 covered call (STO) on Omega Healthcare Investors Inc (OHI)

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:

• 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 April 2017
  • Bank Of Nova Scotia: 185 Years Of Consecutive Dividends And Counting

The breakdown of our passive income contributing entities: dividends & options totaled $597.84 and other passive income totaled $290.39. Read more about why we consider this as passive income in the Passivity Index post.

Portfolio Activity

Dividend Increases

April saw 2 dividend increase announcements in our portfolio.

• Bank of Montreal (BMO) raised its dividend by 2.27%
• Franco Nevada Corp (FNV) raised its dividend by 4.55%

Added Positions

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

• (none)

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
• Vanguard Emerging Market Bond ETF (VWOB)

Other:

• I wrote 1 covered call option contract on Omega Healthcare Investors Inc (OHI)

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.

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