March 2022Dividend

March 2022 Income Report – $3,558 Dividend Income 114% increased from March 2021.

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

mark, marker, hand

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.

Dividend Income chart

Options Income

ball, round, globe

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

Dividend Snowball

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

sell, buy, trade

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.