Hello everyone, welcome to our income report for April 2021. April 2021 was not a good month for our growth stocks. Growth stocks were in down in April. However, our dividend stocks performed much better in April 2021.
Passive Income
For the month of April 2021, we have received $1,617.43 of dividend income and $278.91 of income from writing options. The total passive income for the month of April 2021 was $1,896.34 . This passive income included both incomes from dividends and option calls.
Dividend Income
April was good month for dividend income. The following companies have paid us in April 2021:
| No | Name | Ticker | Dividend Income April 2020 | Dividend Income April 2021 | Dripped | Dividend Income from Dripped | |
|---|---|---|---|---|---|---|---|
|
1 |
Algonquin Power & Utilities Corp. |
AQN |
$36.80 |
$134.17 |
6 |
$3.30 |
|
|
2 |
Alimentation Couche-Tard Inc. |
ATD-B |
|
$55.13 |
1 |
$0.35 |
|
|
3 |
The Bank of Nova Scotia |
BNS |
$153.06 |
$233.10 |
2 |
$7.20 |
|
|
4 |
Capital Power Corporation |
CPX |
|
$104.04 |
2 |
$4.08 |
|
|
5 |
Brookfield Renewable Partrners |
BEP-UN |
$32.78 |
|
|
||
|
6 |
Brookfield Property Partners |
BPY-UN |
$138.00 |
|
|
|
|
|
6 |
Cisco |
CSCO |
$52.51 |
|
|
||
|
7 |
goeasy Ltd. |
GSY |
$29.25 |
$102.30 |
|
|
|
|
8 |
Iron Mountain Incorporated |
IRM |
$68.38 |
|
|
||
|
9 |
Main Street Capital |
MAIN |
$28.22 |
$46.33 |
1 |
$2.46 |
|
|
10 |
Medical Properties Trust |
MPW |
|
$41.72 |
1 |
$1.12 |
|
|
11 |
New Residential Investment |
NRZ |
|
$63.20 |
5 |
$4.00 |
|
|
12 |
Realty Income |
O |
$11.18 |
$41.83
|
|
||
|
13 |
Telus |
T |
|
$199.17 |
7
|
$8.68 |
|
|
14 |
TD Bank |
TD |
$253.59 |
$270.97 |
3 |
$9.48 |
|
|
15 |
TC Energy |
TRP |
$127.17 |
$325.47 |
5 |
$16.20 |
|
|
16 |
Stag Inc. |
STAG |
$12.29 |
|
|||
|
|
|
Total: |
$947.88 |
$1,617.43 |
33 |
$58.52 |
We received total of $1,617.43, an 70.64% increased from April 2020 from 12 companies. Out of $1,617.43 received, $1,424.35 is in CAD and $193.08 is in US dollar or 88 to 12 split. For simplicity of this calculation, we are using 1:1 rate for the currency approach.
By the end of April 2021, our Projected Annual Dividend Income (PADI) was $18,759. Our goal for 2021 is able to receive $20,000 in the Project Annual Dividend Income.
My top 3 dividends for April were TRP, TD and BNS. They were combined for total of $829.54 or 51% of the dividend income this month. Ideally, we wanted the top 3 companies of our monthly dividend no greater than 50% of the monthly dividend income because we wanted to minimize the risk of dividend cut.
Options Income
Selling covered calls is perhaps the best options strategy for extra income while waiting for the stock to grow. While selling put option is strategy for extra income designed to buy stocks at a lower cost.
For our growth stocks in my portfolio, we decided to enhance my passive income with selling covered call/put options. The following transaction were expired in the month of April 2021:
| Date | Transaction | Expired Date | Amount | |
|---|---|---|---|---|
|
1 |
08-April-2021
|
PUT DMTK50 |
16-April-2021
|
$278.91
|
The total income for selling Call/Put option for the month of April 2021 was $278.91 US dollar compared to $1146.20 US from March 2021. Our plan going forward is continue to sell Monthly covered call/ far out of the money Put for extra passive income. Our strategy of selling options is using the short expiry time. (i.e. Monthly option)
Dividend Snowball Update
Our Dividend Snowball Portfolio was able to accumulate more Dividends in January for growing to a bigger Dividend Snowball. The $1,896.34 total income that we received in April were used to reinvest in dividend growing companies to generate more dividends.
Our Dividend Snowball investing is relying on 3 things:
- Dividend Growth
- Reinvest Dividends
- Additional Contribution
In April 2021, our dividends increased 70.64% YoY compared to April 2020. We had 1 dividend increases in April. Therefore the growth of the our dividend income depended on Dividend Reinvestment and Additional Contribution to purchase of new stocks.
Dividend Increases
April 2021, we have only 1 company increased the dividend.
| Ticker | # of Shares | Original Dividend | Increased Dividend | % Change | Dollar Change |
|---|---|---|---|---|---|
|
AAPL |
178 |
$0.82 |
$0.88 |
7.32% |
$10.68 |
The total Dividend increases were $10.68. At 4% dividend rate, these increases were equivalent to additional $250 invested in our portfolio in order to generate $10 of dividend income. We were a little disappointed with 7.32% increase from AAPL because they had an amazing earning this quarter.
| Month | 2019 | 2020 | 2021 | YoY% |
|---|---|---|---|---|
|
Jan |
$303.30 |
$829.32 |
$1,387.48 |
67.30% |
|
Feb |
$195.63 |
$409.79 |
$944.54 |
130.23% |
|
Mar |
$365.59 |
$878.85 |
$1,661.87 |
89.10% |
|
April |
$413.77 |
$947.88 |
$1,617.43 |
70.64% |
|
May |
$259.79 |
$483.04 |
|
|
|
Jun |
$397.69 |
$1086.17 |
|
|
|
July |
$611.83 |
$1074.04 |
|
|
|
Aug |
$215.28 |
$539.82 |
|
|
|
Sep |
$288.39 |
$1518.41 |
|
|
|
Oct |
$896.64 |
$1271.16 |
|
|
|
Nov |
$512.08 |
$652.66 |
|
|
|
Dec |
$512.08 |
$2,076.88 |
|
|
|
Total |
$4757.74 |
$11,768.02 |
$5,611.32 |
Our current Projected Annual Dividend Income (PADI) is $18,800. For the year 2021, we are planning to have $20,000 in the PADI (Projected Annual Dividend Income).
This month, the total amount $28,224 were used to purchase dividend growth stocks to increase our annual dividend come by $1,061.48. For completion of our portfolio, please click the link to our Dividend Growth Portfolio.
See the list below for all Dividend Growth Stock transactions were made in April 2021:
| Date | Number of Shares | Ticker | Amount | Dividend |
|---|---|---|---|---|
|
April 05, 2021 |
61 |
ABR |
$995.75 |
$80.52 |
|
April 05, 2021 |
24 |
TD |
$2005.59 |
$75.84 |
|
April 05, 2021 |
120 |
BMO |
$13,617.99 |
$508.80 |
|
April 05, 2021 |
100 |
NA |
$8,549.99 |
$284.00 |
|
April 05, 2021 |
26 |
RY |
$3,055.48 |
$112.32 |
Dividend Reinvestment Plan (DRIP)
In April, we were able to drip 33 shares for the total of $1,238.44 of the dividend income. We are enrolled in DRIP Plan whenever it is possible. Using DRIP Plan, we increased
Portfolio Update
By the end of March 2020, our portfolio was $569,189. Our portfolio at the end of April 2021 was $573,144. The total capital increase for the month of April 2021 was $3,924 or +0.69%.
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Summary
April was not a good month for growth stocks. However, we were able to generate total of $1,896.34 in passive income. Our portfolio increased 0.69% to $573,114.
We sold less option this month because of changes in the brokerage. We would like to continue to sell more options to supplement our income in the future.
Our Dividend Snowball portfolio is progressing well for us. We are happy with our buy/sell transactions in April.
How was your passive income in April?
Let the Dividend Snowball rolling!!!
Thanks everyone for reading. Feel free to leave comment below.
Thanks,
Sam
Disclaimer
I am not a licensed investment Advisor or Tax professional; Therefore all content posted on this blog represents my personal views and opinions and should never be considered as professional advice. This blog should be viewed for entertainment or educational purposes only. Not as recommendation to buy/sell certain stocks. Please do your own research before buy/sell stocks.
I am just sharing my journey of buying and holding certain stocks for my journey to financial freedom. My thoughts, opinions and research are my own;therefore they should not be taken as a reason for you buying or selling certain stocks.
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