Hello everyone, welcome to MydividendSnowBall’s income report for March 2022. March proved to be another great month for dividend income.
Passive Income
For the month of March 2022, we have received $3,558.60 of dividend income . We have no option income this month.
Dividend Income
March was good month for our dividend income. The following companies have paid us in March 2022:
| No | Name | Ticker | Dividend March 2021 | Dividend March 2022 | Dripped | |
|---|---|---|---|---|---|---|
|
1 |
Arbor Realty Trust |
ABR |
|
$352.61 |
20 |
|
|
2 |
Broadcom Inc. |
AVGO |
$90.00 |
$176.30 |
|
|
|
3 |
Brookfield Renewable Partners |
BEP |
$162.21 |
$199.79 |
3 |
|
|
4 |
Brookfield Infrastructure Corporation |
BIPC |
$1.93 |
$2.04 |
|
|
|
5 |
Brookfield Infrastructure Corporation |
BIP |
$68.30 |
$89.47 |
1 |
|
|
6 |
BlackRock Science and Technology Trust |
BST |
|
$81.00 |
1 |
|
|
7 |
BlackRock Science and Technology Trust II |
BSTZ |
|
$93.70 |
3 |
|
|
8 |
Canadian National Railway |
CNR |
$61.50 |
|
|
|
|
9 |
Enbridge Inc. |
ENB |
$827.49 |
$1,385.46 |
12 |
|
|
10 |
Equitable Group Inc. |
EQB |
|
$33.88 |
|
|
|
11
|
First National Financial Corporation |
FN |
|
$19.58 |
|
|
|
12 |
Fortis Inc. |
FTS |
$78.28 |
$107.00 |
|
|
|
13 |
Johnson & Johnson |
JNJ |
$36.36 |
|
||
|
14 |
Main Street Capital Corporation |
MAIN |
$39.16 |
$68.44 |
1 |
|
|
15 |
Manulife Financial Corporation |
MFC |
$76.44 |
$466.95 |
7 |
|
|
16 |
Microsoft Corp |
MSFT |
$35.70 |
$124.00 |
|
|
|
17 |
NextEra Energy |
NEE |
$82.01 |
|
|
|
|
18 |
NVIDIA Corporation |
NVDA |
|
$6.04 |
|
|
|
19 |
Pembina Pipeline Corporation |
PPL |
|
$185.22 |
|
|
|
20 |
Realty Income Corporation |
O |
$30.42 |
|
|
|
|
21 |
Suncor Energy Inc. |
SU |
|
$168.00 |
|
|
|
|
|
Total: |
$1,661.87 |
$3,558.60 |
48 |
|
We received total of $3,558.60 in March 2022 from 16 companies. The dividend increased 114% compared with the dividend income from March, 2021. Out of $3,558.60 received, $2,656.51 is in CAD dollar and $902.05 is in US dollar or 75 to 25 split. For simplicity of this calculation, we are using 1:1 rate for the currency approach. Year to Date, we have received total of $9,446.28 in Dividend Income.
In March 2022 we received $114.79 daily dividend income for 31 days in March.
My top 3 dividends for March were ENB, MFC and ABR. They were combined for total of $2,205.02 or 62% 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. Therefore, we will add more money to MAIN, BST, BSTZ, 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 March 2022.
| Date | Transaction | Expired Date | Amount |
|---|
Dividend Snowball Update
Our Dividend Snowball Portfolio was able to accumulate more Dividends in March for growing to a bigger Dividend Snowball. The $3,558.60 total income that we received in March 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 March 2022, our dividends increased 114% YoY compared to March 2011. We had 1 dividend increase in March. Therefore the growth of the our dividend income depended on Dividend Reinvestment and Additional Contribution to purchase of new stocks.
Dividend Increases
March 2022, we have 1 company increased the dividend.
| Ticker | # of Shares | Original Dividend | Increased Dividend | % Change | Dollar Change |
|---|---|---|---|---|---|
|
IIPR |
80 |
$6.00 |
$7.00 |
16.67% |
$80.00 |
The total Dividend increase was $80.00. At 4% dividend rate, these increases were equivalent to additional $2,000 invested in our portfolio in order to generate $80 of dividend income. We were very happy with the increase.
| Month | 2019 | 2020 | 2021 | 2022 | YoY% |
|---|---|---|---|---|---|
|
Jan |
$303.30 |
$829.32 |
$1,387.48 |
$3,815.68 |
175.01% |
|
Feb |
$195.63 |
$409.79 |
$943.46 |
$2,078.27 |
120.28% |
|
Mar |
$365.59 |
$878.85 |
$1,661.87 |
$3,558.60 |
114.13% |
|
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 |
$9,446.28 |
|
See the list below for all Dividend Growth Stock transactions were made in March 2022:
| Number of Shares | Ticker |
|---|---|
|
Buy 300 |
TSE:POW |
|
Sell 138 |
TSE:BIP-UN |
|
Buy 81 |
TSE:GSY |
|
Buy 100 |
TD |
Dividend Reinvestment Plan (DRIP)
In March, we were able to drip 48 shares for the total of $1,599.97 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 February 2022, our portfolio was $696,570. Our portfolio at the end of March 2022 was $727,053. The total capital increase for the month of March 2022 was $30,483 or 4.38%.
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Summary
March was a good month for dividend income. So far in 2022, we collected total of $9,446.28 in dividend income. Hopefully, we will reach our dividend goal by the end of the year.
Our Dividend Snowball portfolio is progressing well for us. We are happy with our buy/sell transactions in March. How was your passive income in March?
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.