January 2022 Income Report $3,815 - Dividend Income 175% increased from January 2021

Hello everyone, welcome to our first income report for 2022. January 2022 was a great month for our growth stocks.

Passive Income

For the month of January 2022, we have received $3,815.68 of dividend income and $173.85 of income from writing options. The total passive income for the month of January 2022 was $3,989.53. This passive income included both incomes from dividends and option calls.

Dividend Income

January was good month for dividend income. The following companies have paid us in January 2022:

No	Name	Ticker	Dividend Income January 2021	Dividend Income January 2022	Dripped	Dividend Income from Dripped
1	Algonquin Power & Utilities Corp.	AQN	$175.18	$414.13	10	$8.38
2	Bell Canada	BCE		$262.50
3	The Bank of Nova Scotia	BNS	$208.80	$265.00	2	$8.00
4	BlackRock Science and Technology Trust	BST		$80.50	1	$3.00
5	BlackRock Science and Technology Trust II	BSTZ		$92.74	2	$4.60
6	Canadian Natural Resources Limited	CNQ		$58.75
7	Capital Power Corporation	CPX	$103.01	$114.43	2	$4.38
8	First National Financial Corporation	FN		$39.16
9	goeasy Ltd.	GSY	$69.30	$102.30
10	Innovative Industrial Properties, Inc.	IIPR		$90.00
11	Labrado Iron Ore Royalty	LIF		$713.00	13	$59.80
12	Main Street Capital	MAIN	$38.75	$50.31	1	$2.58
13	Medical Properties Trust	MPW		$71.12	3	$3.36
14	Northland Power Inc	NPI	$14.40
15	New Residential Investment	NRZ	$62.00
16	Realty Income	O	$34.94
17	Pembina Pipeline Corporation	PPL		$185.22
18	PepsiCo, Inc.	PEP	$31.70
19	Invesco NASDAQ 100 Index	QQC-F		$18.56
20	SmartCentres Real Estate Investment Trust	SRU-UN		$15.42
21	Telus	T	$172.41	$313.63	3	$3.93
22	TD Bank	TD	$249.64	$700.43	3	$10.68
23	TC Energy	TRP	$144.99	$178.35	2	$6.96
24	Taiwan Semiconductor	TSM		$50.11
		Total:	$1,387.48	$3,815.68	42	*$115.67*

We received total of $3,815.68 an 175.01% increased from January 2021 from 20 companies. Out of $3,815.68 received, $3,380.90 is in CAD and $434.78 is in US dollar or 90 to 10 split. For simplicity of this calculation, we are using 1:1 rate for the currency approach.

The dividend for TSE:LIF will be varied. This month we received much less dividend from LIF than last quarter. This investment is very risky; therefore it is only less than 2% of our portfolio.

Big increases from AQN and TD because we bought more shares and new dividend increased from TD recently.

New dividend payment for this month was: CNQ. We bought this energy company recently in our dividend growth portfolio.

My top 3 dividends for January were AQN, TD and LIF. They were combined for total of $1,827.56 or 48% 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.

By the end of December 2021, our Projected Annual Dividend Income (PADI) was $38,063. Our monthly dividend income was $3,170. In January 2022, our PADI was $38,344 or $3,195 monthly. Our goal for the year 2022 was able to reach $45,000 in the Project Annual Dividend 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. The following transaction were expired in the month of Jan 2022:

	Date	Transaction	Expired Date	Amount	Exercised
1	20-Jan-2022	CALL SOFI18.5	28-Jan-2022	$173.85	No

The total income for selling Call/Put option for the month of January 2022 was $173.85 US dollar. 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 $3,989.53 total income that we received in January 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

Passive Dividend Income Growth

In January 2022, our dividends increased 175.01% YoY compared to January 2021. We had 1 dividend increase in January. Therefore the growth of the our dividend income depended on Dividend Reinvestment and Additional Contribution to purchase of new stocks.

Dividend Increases

January 2022, we have 1 company increased the dividend.

Ticker	# of Shares	Original Dividend	Increased Dividend	% Change	Dollar Change
CNR	100	$2.46	$2.93	19%	$47.00

The total Dividend increases were $47.00. At 4% dividend rate, these increases were equivalent to additional $1,100 invested in our portfolio in order to generate $44 of dividend income. So far, ABR has increased the dividend since 1997. We were quite happy with the dividend increases.

Month	2019	2020	2021	2022	YoY%
Jan	$303.30	$829.32	$1,387.48	$3,815.68	175.01%
Feb	$195.63	$409.79	$944.54
Mar	$365.59	$878.85	$1,661.87
April	$413.77	$947.88	$1,617.43
May	$259.79	$483.04	$913.40
Jun	$397.69	$1086.17	$1,778.32
July	$611.83	$1074.04	$2,878.45
Aug	$215.28	$539.82	$1,675.49
Sep	$288.39	$1518.41	$2,221.06
Oct	$896.64	$1271.16	$4,090.98
Nov	$512.08	$652.66	$2,098.62
Dec	$512.08	$2,076.88	$4,328.96
Total	$4757.74	$11,760.66	$25,594.15	$3,815.68

Stock Transactions

See the list below for all Dividend Growth Stock transactions were made in January 2022:

Number of Shares	Ticker	Amount	Dividend
Sell 50	HD	-$20,252.39	-$330.00
Buy 3	AVGO	$1,718.19	$49.20
Buy 20	QQC-F	$2,320.80	$19.00
Buy 13	ABBV	$1,663.53	$62.40
Buy 50	CNR	$7,651.50	$146.50

Dividend Reinvestment Plan (DRIP)

In January we were able to drip 42 shares for the total of $1,695.52 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 December 2021, our portfolio was $723,852. Our portfolio at the end of January 2022 was $695,259. The total capital decrease for the month of January 2022 was $28,593 or -3.95%.

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Summary

January was a good month dividend income. We were able to generate total of $3,989.53 of passive income. In addition, our projected annual dividend income has increased to $38,344 annually or $3,195 monthly.

This month, we sold less option because we didn’t see good opportunity to sell option call/put. If we see the opportunity, 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 January.

How was your passive income in January?

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.