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Passive Income Update - February 2014
Posted by: Roadmap2Retire (IP Logged)
Date: March 6, 2014 01:54PM

Welcome to my February 2014 monthly passive income update. This is part of the series where I track my monthly dividends and other sources of passive income. Passive income for the month of February 2014 was $339.87.

My passive income YTD is $646.33 and achieves 16.15% of my 2014 goal of $4,000. This month's passive income is 301.41% higher than a year ago (my February 2013 passive income was $84.67).

Passive income contributing entities:

Stocks:

  • Cineplex Inc (CGX.TO)
  • Inter Pipeline Ltd (IPL.TO)
  • Kinder Morgan Inc (KMI)
  • Omega Healthcare Investors Inc (OHI)
  • Realty Income Corp (O)
  • RioCan REIT (REI.UN.TO)
  • The Jean Coutu Group Inc (PJC.A.TO)

Funds:

  • BMO Equal Weight Utilities Index ETF (ZUT.TO)
  • CI Signature High Income Fund (mutual fund)
  • Claymore S&P US Dividend Growers ETF (CUD.TO)
  • iShares Canadian Financial Monthly Income Fund (FIE.A.TO)
  • Scotia Diversified Monthly Income Fund (mutual fund)

Other:

  • Advertising revenue from this blog
  • Interest on cash
  • MBNA Smartcash cashback credit card
  • Seeking Alpha (one new article published)

My "other" sources of passive income have been growing this year as part of my plan to grow that revenue stream in 2014. The breakdown of my passive income contributing entities is shown below: My dividends totaled $225.01 and my other passive income totaled $114.86 in February.

Dividend Increases

February saw a number of dividend increase announcements from my portfolio holdings.

Portfolio Update

Over the course of the month, I have initiated, added and closed some positions. The following are the details of my portfolio changes.

Initiated Positions

I initiated a new position in Rogers Communications Inc (RCI.B.TO). Rogers is a diversified communications and media company and together with BCE Inc. and Telus Corp forms The Big-3 in Canada. Rogers is Canada's largest provider of wireless and data communications services and also one of the leading providers of cable television, high-speed Internet and telephony services. Rogers had been on my watchlist for a while and a 5% stock price drop on the day of the earnings release was the perfect opportunity to initiate a new position. Details can be found here.

Added Positions

I added to my positions in:

  • Claymore S&P US Dividend Growers ETF (CUD.TO)
  • CI Signature High Income (mutual fund)
  • CI Global Health Sciences (mutual fund)
  • iShares Canadian Financial Monthly Income Fund (FIE.A.TO)
  • Scotia Canadian Balanced Fund (mutual fund)
  • The Bank of Nova Scotia (BNS.TO)

Closed positions

As part of my portfolio balancing exercise merged with my wife's portfolio, I decided to close my position in VUS.TO and ZCN.TO. We plan to move all index funds to her portfolio, so I closed positions to these equities in my portfolio.

My full list of holdings can be found here.



Stocks Discussed: OHI, KMI, BCE, RCI, O,
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