Hello everyone, welcome to our income report for June 2021. June 2021 was one of the better month for our dividend income and option income.
Passive Income
For the month of June 2021, we have received $1,778.32 of dividend income and $2,517.19 income from writing options. The total passive income for the month of June 2021 was $4,295.51 . This passive income included both incomes from dividends and option calls.
Dividend Income
June was a better month for dividend income than last month. The following companies have paid us in June 2021:
| No | Name | Ticker | Dividend Income March 2020 | Dividend Income March 2021 | Dripped | |
|---|---|---|---|---|---|---|
|
1 |
Arbor Realty Trust |
ABR |
|
$155.50 |
8 |
|
|
2 |
Alimentation Couche-Tard Inc. |
TSE:ATD-B |
$6.79 |
|
|
|
|
3 |
Broadcom Inc. |
AVGO |
$31.88 |
$90.00 |
|
|
|
4 |
Brookfield Renewable Partners |
BEP-UN |
$121.17 |
$159.50 |
2 |
|
|
5 |
Brookfield Infrastructure Partners |
BIPC |
$1.98 |
$1.87 |
|
|
|
6 |
Brookfield Infrastructure Partners |
BIP-UN |
$60.18 |
$85.17 |
1 |
|
|
7 |
Canadian National Railway |
CNR |
$57.50 |
$61.50 |
|
|
|
8 |
Enbridge Inc. |
ENB |
$247.05 |
$816.64 |
15
|
|
|
9 |
Fortis Inc. |
FTS |
$72.58 |
$78.78 |
1 |
|
|
10 |
Johnson & Johnson |
JNJ |
$16.16 |
|
|
|
|
11 |
LyondellBasell Industries N.V. |
LYB |
$60.90 |
|
|
|
|
12 |
Main Street Capital |
MAIN |
$30.96 |
$46.54 |
1 |
|
|
13 |
McDonald Corporation |
MCD |
$18.75 |
|
|
|
|
14 |
Manulife Financial |
MFC |
$73.64 |
$77.00 |
2 |
|
|
15 |
Microsoft Corp. |
MSFT |
$22.95 |
$35.70 |
|
|
|
16 |
3M Corporation |
MMM |
$29.40 |
|
|
|
|
17 |
NextEra Energy |
NEE |
|
$82.39 |
1 |
|
|
18 |
Realty Income |
O |
$17.48 |
$41.83
|
|
|
|
19 |
Pepsi |
PEP |
$20.45 |
|
|
|
|
20 |
Starbucks Corp. |
SBUX |
|
$45.90 |
|
|
|
21 |
Visa Inc. |
V |
$8.70 |
|
|
|
|
|
|
Total: |
$1,092.96 |
$1,778.32 |
31 |
We received total of $1,778.32 an 62.71% increased from June, 2010 from 14 companies. Out of $1,778.32 received, $1280.46 is in CAD and $497.86 is in US dollar or 70 to 30 split. For simplicity of this calculation, we are using 1:1 rate for the currency approach.
My top 3 dividends for June were ENB, BEP-UN and ABR. They were combined for total of $1,131.64 or 64% 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 June 2021:
| Date | Transaction | Expired Date | Amount | Exercised | |
|---|---|---|---|---|---|
|
1 |
18-May-2021
|
CALL DMTK 50 |
18-June-2021
|
$74.66
|
No |
|
2 |
25-May-2021
|
PUT PLTR 23 |
18-June-2021
|
$198.91
|
No |
|
3 |
27-May-2021 |
PUT NIO 38 |
18-June-2021 |
$170.92 |
No |
|
4 |
01-June-2021 |
PUT NIO 45 |
18-June-2021 |
$498.94 |
No |
|
5 |
01-June-2021 |
PUT PLTR 25 |
18-June-2021 |
$222.95 |
No |
|
6 |
01-June-2021 |
PUT SQ 250 |
18-June-2021 |
$2,583.93
|
Yes |
|
7 |
04-June-2021 |
PUT TIGR 30 |
18-June-2021 |
$428.94 |
Yes |
|
8 |
04-June-2021 |
CALL SE 290 |
18-June-2021 |
$128.94 |
No |
The total income for selling Call/Put option for the month of June 2021 was $4,308.19 US dollar. However our calls for SQ and TIGR were exercised, we had to buy 100 shares of SQ at $250 and 100 shares of TIGR at $30. On June 18, 2021 SQ closed at $237.05 and TIGR closed at $25.04. Therefore, the total cost for exercising SQ and TIGR was $1,791. As a result, our total option income for the month of June 2021 reduced to $2,517.19. 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 June for growing to a bigger Dividend Snowball. The $4,295.51 total income that we received in June 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 June 2021, our dividends increased 62.71% YoY compared to June, 2020. We had no dividend increase in June. Therefore the growth of the our dividend income depended on Dividend Reinvestment and Additional Contribution to purchase of new stocks.
Dividend Increases
In June 2021, we don’t have any company increased the dividend.
| Ticker | # of Shares | Original Dividend | Original Dividend | % Change | Dollar Change |
|---|---|---|---|---|---|
|
|
|
|
|
|
|
| Month | 2019 | 2020 | 2021 | YoY% |
|---|---|---|---|---|
|
Jan |
$303.30 |
$829.32 |
$1,387.48 |
67.30% |
|
Feb |
$195.63 |
$409.79 |
$944.54 |
130.49% |
|
Mar |
$365.59 |
$878.85 |
$1,661.87 |
89.10% |
|
April |
$413.77 |
$947.88 |
$1,617.43
|
70.62% |
|
May |
$259.79 |
$483.04 |
$913.40 |
89.09% |
|
June |
$397.69 |
$1086.17 |
$1,778.32 |
62.71% |
|
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 |
$8,303.04 |
This month, the total amount $94,340 were used to purchase dividend growth stocks to increase our annual dividend come by $5,455.58 However, we sold total of $18,063 of dividend stocks and lost total of $106.04 dividend income. As the result, our total dividend increased by $5,349.54 in June 2021. 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 June 2021:
| Date | Number of Shares | Ticker | Amount | Dividend |
|---|---|---|---|---|
|
June 07/2021 |
Buy 20 |
HD |
$6171.00 |
$132.00 |
|
June 08/2021 |
Buy 15 |
HD |
$4,661.50 |
$99.00 |
|
June 11/2021 |
Buy 70 |
TD |
$6,105.70 |
$221.20 |
|
June 11/2021 |
Buy 163 |
AQN |
$3,149.37 |
$136.53 |
|
June 11/2021 |
Buy 22 |
TSM |
$2,597.24 |
$38.50 |
|
June 14/2021 |
Buy 60 |
TD |
$5,209.00 |
$189.60 |
|
June 14/2021 |
Buy 10 |
HD |
$3066.20 |
$66.00 |
|
June 17/2021 |
Buy 50 |
TD |
$4,371.50 |
$158.00 |
|
June 17/2021 |
Buy 100 |
AQN |
$1,856.00 |
$83.76 |
|
June 17/2021 |
Buy 10 |
HD |
$3,009.50 |
$66.00 |
|
June 21/2021 |
Buy 11 |
QQC-F |
$1,268.45 |
$10.47 |
|
June 21/2021 |
Buy 100 |
AQN |
$1,890.00 |
$83.76 |
|
June 23/2021 |
Buy 60 |
TD |
$5,220.40 |
$189.60 |
|
June 24/2021 |
Buy 150 |
PPL |
$6,023.50 |
$378.00 |
|
June 24/2021 |
Buy 100 |
BMO |
$12,808.00 |
$424.00 |
|
June 24/2021 |
Buy 100 |
TRP |
$6,288.99 |
$348.00 |
|
June 25/2021 |
Sell 5 |
SHOP |
-$8,946.31 |
|
|
June 25/2021 |
Sell 166 |
ENGH |
-$9,117.37 |
$-106.04 |
|
June 25/2021 |
Buy 361 |
TSE:LIF |
$18,100.90 |
$2,527.00 |
|
June 29/2021 |
Buy 20 |
BMO |
$2,534 |
$84.80 |
|
June 29/2021 |
Buy 80 |
PPL |
$3,172.20 |
$201.60 |
|
June 30/2021 |
Buy 100 |
AQN |
$1,846.99 |
$83.76 |
Dividend Reinvestment Plan (DRIP)
In June 2021, we were able to drip 31 shares for the total of $1,229.72 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 May 2021, our portfolio was $571,780. Our portfolio at the end of June 2021 was $635,101. The total capital increase for the month of June 2021 was $63,321 or +11.07%. This month, our biggest gain came from our Interactive Brokers (Growth Stocks portfolio)$26,079 or 23.55%
In March, we moved our taxable account from Questrade to Interactive Brokers because we liked the cheaper fee and lower rate of interest for the margin.
See my referral:
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Summary
June was a good month for us. We were able to generate total of $4,295 in passive income. Our portfolio increased 11.07% to $635,101.
Our options were doing well for us. We would like to continue to sell more options to supplement our income.
Our Dividend Snowball portfolio is progressing well for us. We are happy with our buy/sell transactions in June.
How was your passive income in June?
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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