Welcome to our monthly passive income update for January 2019. 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 January 2019 was CAD$738.75, which comprised of US$60.31 and CAD$659.74 (exchange rate is US$1 = CAD$1.31).
The passive income for the month is -2.58% QoQ and -14.5% YoY for the month, and achieves 9.2% of our annual goal of $8K in passive income.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)
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 $534.45 and other passive income totaled $204.30. Read more about why we consider this as passive income in the Passivity Index post.
Portfolio Activity
Dividend Increases
- Canadian Utilities (CU.TO) raised dividend by 7.5%
Added Positions
During the month, we added the following position to our portfolio
Stocks:
- Algonquin Power & Utilities (AQN.TO) *DRIP*
- BCE Inc (BCE.TO)
Funds:
- Scotia Diversified Monthly Income Fund (mutual fund) *DRIP*
- US Equity & International Equity Index Segregated Funds
- Vanguard Total Bond Market ETF (BND) *New position*
Reduced Position
You can track the options via a tracking sheet here.
That’s all folks! Hope you had a great January 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.
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