We can’t believe that 2021 is gone. We are excited to welcome the New Year 2022. This report is the last income report for the year 2021. December 2021 was our best month for our dividend income.
Passive Income
For the month of December 2021, we have received $4,328.96 of dividend income . We have no option income this month.
Dividend Income
December was best month ever for our dividend income. This was a second month that we passed the $4,000 a month in dividends. The following companies have paid us in December 2021:
| No | Name | Ticker | Dividend December 2020 | Dividend December 2021 | Dripped | |
|---|---|---|---|---|---|---|
|
1 |
Alimentation Couche-Tard Inc. |
ATD |
$11.38 |
$69.41 |
1 |
|
|
2 |
Broadcom Inc. |
AVGO |
$72.00 |
$164.00 |
|
|
|
3 |
Brookfield Renewable Partners |
BEP |
$130.53 |
$190.19 |
3 |
|
|
4 |
Brookfield Infrastructure Corporation |
BIPC |
$1.93 |
$1.96 |
|
|
|
5 |
Brookfield Infrastructure Corporation |
BIP |
$68.30 |
$89.47 |
1 |
|
|
6 |
Brookfield Property Partners |
BPY-UN |
$193.13 |
|
|
|
|
7 |
BlackRock Science and Technology Trust |
BST |
|
$566.04 |
9 |
|
|
8 |
BlackRock Science and Technology Trust II |
BSTZ |
|
$597.69 |
13 |
|
|
9 |
Canadian National Railway |
CNR |
$57.50 |
$12.30 |
||
|
10 |
Enbridge Inc. |
ENB |
$787.32 |
$1,169.00 |
11 |
|
|
11 |
Equitable Group Inc. |
EQB |
|
$22.39 |
|
|
|
12 |
First National Financial Corporation |
FN |
|
$289.17 |
|
|
|
13 |
Fortis Inc. |
FTS |
$77.77 |
$107.00 |
|
|
|
14 |
Granite Real Estate Investment Trust |
GRT.UN |
|
$25.00 |
|
|
|
15 |
Johnson & Johnson |
JNJ |
$36.36 |
|
||
|
16 |
Main Street Capital Corporation |
MAIN |
$38.54 |
$72.33 |
1 |
|
|
17 |
McDonald's Corporation |
MCD |
$25.80 |
|
||
|
18 |
Manulife Financial Corporation |
MFC |
$75.60 |
$393.69 |
7 |
|
|
19 |
Microsoft Corp |
MSFT |
|
$110.98 |
|
|
|
20 |
Northland Power Inc. |
NPI |
$14.40 |
|
|
|
|
21 |
NVIDIA Corporation |
NVDA |
|
$5.20 |
|
|
|
22 |
Pembina Pipeline Corporation |
PPL |
|
$185.22 |
|
|
|
23 |
Realty Income Corporation |
O |
$30.42 |
|
|
|
|
24 |
SmartCentres Real Estate Investment Trust |
SRU-UN |
|
$15.42 |
|
|
|
25 |
Suncor Energy Inc. |
SU |
|
$126.00 |
|
|
|
26 |
Visa Inc. |
V |
$16.00 |
|
|
|
|
27 |
Vanguard FTSE Canadian Capped REIT Index ETF |
VRE |
$4.12 |
|
|
|
|
28 |
ARK Innovation ETF |
ARKK |
$265.76 |
$78.26 |
|
|
|
29 |
ARK Genomic Revolution ETF |
ARKG |
$134.32 |
$38.24 |
|
|
|
|
|
Total: |
$2070.17 |
$4,328.96 |
45 |
|
We received total of $4,328.96 an 109.11% increased from December, 2020 from 22 companies. Out of $4,328.96 received, $2,702.79 is in CAD and $1,626.17 is in US dollar or 62 to 38 split. For simplicity of this calculation, we are using 1:1 rate for the currency approach. Year to Date, we have received total of $25,594.15 in Dividend Income. This is 117% more than the dividends we received for the year 2020. Please check the Dividend Income 2021 for details. Our goal for 2021 was $20,000 dividend income. We exceeded our goal by 25.00%.
In December, 2021 we received $139.64 daily dividend income for 31 days in December.
By the end of 2020, our Projected Annual Dividend Income (PADI) was $15,863. Our Projected Annual Dividend Income (PADI) was $38,063 by the end of 2021. We are going to project $45,000 in the Project Annual Dividend Income for the year 2022.
My top 3 dividends for December were ENB, BST and BSTZ. They were combined for total of $2,332.73 or 54% of the dividend income this month. This was the first month that we received over $1,000 from 1 stock. We received $1,169.00 dividend income from ENB. Also, we received special dividend income from BST, BSTZ and FN. 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. Therefore, we will add more money to Manulife Financial (MFC) , Broadcom (AVGO) and Fortis (FTS) or other dividend stocks to diversity our income.
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. However, we didn’t see any good option calls for the month of Dec 2021.
| Date | Transaction | Expired Date | Amount |
|---|
Dividend Snowball Update
Our Dividend Snowball Portfolio was able to accumulate more Dividends in December for growing to a bigger Dividend Snowball. The $4,328.96 total income that we received in December 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 December 2021, our dividends increased 109% YoY compared to December 2010. We had 6 dividend increases in December. Therefore the growth of the our dividend income depended on Dividend Reinvestment and Additional Contribution to purchase of new stocks.
Dividend Increases
December 2021, we have 6 companies increased the dividend.
| Ticker | # of Shares | Original Dividend | Original Dividend | % Change | Dollar Change |
|---|---|---|---|---|---|
|
AVGO |
40 |
$14.40 |
$16.40 |
13.88% |
$80.00 |
|
ENB |
1511 |
$3.34 |
$3.44 |
2.99% |
$151.10 |
|
NA |
222 |
$2.84 |
$3.48 |
22.54% |
$142.08 |
|
RY |
338 |
$4.32 |
$4.80 |
11.11% |
$162.24 |
|
TD |
785 |
$3.16 |
$3.56 |
12.66% |
$314.00 |
|
BMO |
458 |
$4.24 |
$5.32 |
25.47% |
$494.64 |
The total Dividend increases were $1,344.06. At 4% dividend rate, these increases were equivalent to additional $34,000 invested in our portfolio in order to generate $1,360 of dividend income. We were very happy with the increases.
| Month | 2019 | 2020 | 2021 | YoY% |
|---|---|---|---|---|
|
Jan |
$303.30 |
$829.32 |
$1,387.48 |
67.30% |
|
Feb |
$195.63 |
$409.79 |
$943.46 |
130.23% |
|
Mar |
$365.59 |
$878.85 |
$1,661.87 |
89.10% |
|
April |
$413.77 |
$947.88 |
$1,617.23 |
70.62% |
|
May |
$259.79 |
$483.04 |
$913.40 |
89.09% |
|
Jun |
$397.69 |
$1,092.96 |
$1,778.32 |
62.71% |
|
July |
$611.83 |
$1,067.25 |
$2,878.45 |
169.71% |
|
Aug |
$215.28 |
$539.82 |
$1,675.49 |
210.38% |
|
Sep |
$288.39 |
$1518.41 |
$2,219.89 |
46.20% |
|
Oct |
$896.64 |
$1271.16 |
$4,090.98 |
221.83% |
|
Nov |
$512.08 |
$652.66 |
$2,098.62 |
221.87% |
|
Dec |
$512.08 |
$2,070.17 |
$4,328.96 |
109.11% |
|
Total |
$4757.74 |
$11,760.66 |
$25,594.15 |
117.63% |
We were very happy to see our Total Dividend Income for the year 2021. Our YTD collected Dividend Income is $25,594.15 which is more than double of the 2020 year. Our daily dividend income for the year 2021 was $70.12. Our current Projected Annual Dividend Income (PADI) is $38,063. We have reached our goal of $30,000 in the PADI for the year 2021. For the year 2022, we are planning to have 20% increase or $45,000 in the PADI.
This month, we sold total of $34,792.15 of stocks mostly growth stocks. Therefore, we decreased our dividend income by $310.00. We used the cash to buy total $23,658.86 to increase the dividend income by $913.57. Finally in December, we increased our annual dividend come by $603.37. 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 December 2021:
| Date | Number of Shares | Ticker | Amount | Dividend |
|---|---|---|---|---|
|
Dec 1, 2021 |
Sell 12 |
TSE:SHOP |
-$21,242.89 |
|
|
Dec 7, 2021 |
Buy 15 |
TSE:QQC-F |
$2,011.35 |
$14.25 |
|
Dec 7, 2021 |
Buy 100 |
TSE:MFC |
$2,382.00 |
$132.00 |
|
Dec 13, 2021 |
Buy 13 |
ABBV |
$1,663.53 |
$73.23 |
|
Dec 13, 2021 |
Buy 51 |
BST |
$2,588.53 |
$153.00 |
|
Dec 15, 2021 |
Sell 100 |
TSE:GRT-UN |
-$10,131.01 |
-$310.00 |
|
Dec 15, 2021 |
Buy 100 |
TSE:ENB |
$4,790.99 |
$344.00 |
|
Dec 15, 2021 |
Buy 41 |
TSE:RY |
$5,311.70 |
$196.80 |
|
Dec 17, 2021 |
Buy 100 |
SOFi |
$1,492.50 |
Dividend Reinvestment Plan (DRIP)
In December, we were able to drip 45 shares for the total of $1,873.74 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 November 2021, our portfolio was $700,668. Our portfolio at the end of December 2021 was $723,852. The total capital increase for the month of December 2021 was $23,183 or 3.31%.
Our portfolio on Jan 1, 2021 was $497,278. On Dec 31, 2021, our portfolio was $723,852. The total increase for the year 2021 was $226,574 or 46%. This amount was including the new capital invested and capital appreciation for the year 2021.
Summary
December was an excellent month for us. We were able to generate total of $4,328.96 in passive income. Our Dividend Snowball increased 109% from Dec 2021 over Dec 2020.
Our options were doing well for us. In 2021, we would like to continue to sell more options to supplement our income.
In 2021 we collected total of $25,594.15 in dividend income. This dividend income increased 117.63% from the year 2020. Our portfolio increased 46% or $226,574 in 2021 as well. We were very pleased with our financial freedom journey in 2021.
How was your passive income in December?
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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