Welcome to our monthly passive income update for February 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 January 2018 was C$763.07. The passive income for the month comprised of US$215.35 and C$487.42 (exchange rate is US$1 = C$1.28).

Passive income change is -21.4% QoQ and +3.12% YoY for the month. The passive income YTD is $1,627.84 and achieves 14.8% 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)

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)

Options:

I wrote three options covered calls options contracts on Pan American Silver Corp (PAAS.TO)

Other:

The breakdown of our passive income contributing entities: dividends & options totaled $338.78 and other passive income totaled $424.29. Read more about why we consider this as passive income in the Passivity Index post.

Portfolio Activity

Dividend Increases

February saw three dividend increase announcements in our portfolio.

BCE Inc (BCE.TO) raised its dividend by 5.23%

Brookfield Asset Management (BAM.A.TO) raised its dividend by 7.14%

Brookfield Infrastructure Partners (BIP.UN.TO) raised its dividend by 8.05%

Added Positions

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

Stocks:

Inter Pipeline Ltd (IPL.TO)

Omega Healthcare Investors Inc (OHI) *DRIP*

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)

Options

I wrote 3 PAAS.TO covered call contracts – see option tracking sheet here

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