Hello everyone, welcome to MydividendSnowBall’s income report for November 2021. November proved to be another great month with larger than expected dividend increases from 6 different companies. Also, we were able to add more income from our monthly buying.
Passive Income
For the month of November 2021, we have received $2,098.62 of dividend income and $760.64 income from writing options. The total passive income for the month of November 2021 was $2,859.26. This passive income included both incomes from dividends and option calls.
Dividend Income
There were 15 companies have paid us in November 2021:
| No | Name | Ticker | Dividend Income Nov 2020 | Dividend Income Nov 2021 | Dripped |
|---|---|---|---|---|---|
|
1 |
Abbvie Inc. |
ABBV |
$193.52 |
$265.20 |
2 |
|
2 |
Arbor Realty Trust |
ABR |
|
$255.24 |
14 |
|
3 |
Apple Inc. |
AAPL |
$26.24 |
$62.26 |
|
|
4 |
ASML Holdings |
ASML |
|
$41.68 |
|
|
5 |
Bank of Montreal |
BMO |
$107.60 |
$485.48 |
1 |
|
6 |
BlackRock Science and Technology Trust |
BST |
|
$65.25 |
1 |
|
7 |
BlackRock Science and Technology Trust II |
BSTZ |
|
$80.26 |
2 |
|
8 |
Granite Real Estate Investment Trust |
GRT-UN |
|
$25.01 |
|
|
9 |
Main Street Capital |
MAIN |
$38.34 |
$48.72 |
1 |
|
10 |
National Bank of Canada |
NA |
|
$121.41 |
1 |
|
11 |
Power Corporation |
POW |
|
$44.75 |
1 |
|
12 |
Pembina Pipeline Corporation |
PPL |
|
$185.22 |
|
|
13 |
Realty Income |
O |
$30.42 |
|
|
|
14 |
Royal Bank of Canada |
RY |
$216.00 |
$299.16 |
2 |
|
15 |
Starbucks Corp. |
SBUX |
$24.19 |
$49.98 |
|
|
16 |
Texas Instruments Incorporated |
TXN |
|
$69.00 |
|
|
17 |
Waste Connections |
WCN |
$8.95 |
|
|
|
|
|
Total: |
$652.01 |
$2,098.62 |
25 |
There were 4 new dividend companies paid us in November: ASML, Granite Real Estate (GRT-UN), Power Corp (POW) and Texas Instruments (TXN). BST, BSTZ, MAIN and PPL are paying their dividend monthly.
We received total of $2,098.62 an 221.87% increased from November, 2010 from 15 companies. Out of $2,098.62 received, $1,161.03 is in CAD and $937.59 is in US dollar or 55 to 45 split. For simplicity of this calculation, we are using 1:1 rate for the currency approach.
My top 3 dividends for November were RY, BMO and ABBV. They were combined for total of $1.049.84 or 50% 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. Interactive Broker didn’t drip the dividend for BMO. Instead of the automatic drip, we bought more shares of BMO.
By the end of November2021, our Projected Annual Dividend Income (PADI) was $37,029.78 or monthly $3,085. Our goal for 2021 was able to reach $30,000 in the Project Annual Dividend Income and we’ve reached this goal in August 2021.
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 November 2021:
| Date | Transaction | Expired Date | Amount | Exercised | |
|---|---|---|---|---|---|
|
1 |
05-Nov-2021
|
CALL NVDA 320 |
05-Aug-2021
|
$137.28
|
N |
|
2 |
05-Nov-2021
|
CALL SE 385 |
05-Nov-2021
|
$55.98
|
N |
|
3 |
05-Nov-2021 |
CALL SOFI 25 |
05-Nov-2021 |
$135.17 |
N |
|
4 |
11-Nov-2021 |
CALL SOFI 26 |
12-Nov-2021 |
$98.61 |
N |
|
5 |
11-Nov-2021 |
CALL PLTR 26 |
12-Nov-2021 |
$120.03 |
N |
|
6 |
15-Nov-2021 |
CALL SOFI 26 |
19-Nov-2021 |
$114.61 |
N |
|
7 |
15-Nov-2021 |
PUT CELH 85 |
19-Nov-2021 |
$98.96 |
N |
The total income for selling Call/Put option for the month of November 2021 was $760.64 US dollar compared to $593.37 US from in Oct 2021. 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 November for growing to a bigger Dividend Snowball. The $2,859.26 total income that we received in November 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 November 2021, our dividends increased 221.87% YoY compared to November 2020. The main reason the the increases was our new buys in November. In addition to the new buys, we had 6 dividend increases for the month of November. Therefore, the growth of the our dividend income depended on Dividend Reinvestment, Dividend Increase and purchase of new stocks.
Dividend Increases
In November 2021, we have only 6 companies increased the dividend.
| Ticker | # of Shares | Original Dividend | Increased Dividend | % Change | Dollar Change |
|---|---|---|---|---|---|
|
MFC |
693 |
$1.12 |
$1.32 |
17.85% |
$138.60 |
|
T |
955 |
$1.26 |
$1.3096 |
3.93%
|
$47.37
|
|
GRT-UN |
100 |
$3.00 |
$3.099 |
3.30% |
$9.90 |
|
POW |
200 |
$1.79 |
$1.98 |
10.61% |
$38.00 |
|
ATD |
631 |
$0.35 |
$0.44 |
25.71% |
$56.79 |
|
BNS |
265 |
$3.60 |
$4.00 |
$11.11% |
$106.00 |
The total Dividend increases were $396.65. At 4.0% dividend rate for my dividend portfolio , these increases were equivalent to additional $10,000 invested in our portfolio in order to generate $400.00 of dividend income. We were very happy with the dividend increases from our Canadian financial companies in November.
| 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 |
$1,616.23 |
70.62% |
|
May |
$259.79 |
$483.04 |
$913.40 |
89.09% |
|
Jun |
$397.69 |
$1086.17 |
$1,778.32 |
62.71% |
|
July |
$611.83 |
$1074.04 |
$2,878.45 |
169.71% |
|
Aug |
$215.28 |
$539.82 |
$1,675.49 |
210.38% |
|
Sep |
$288.39 |
$1518.41 |
$2,221.06 |
46.28% |
|
Oct |
$896.64 |
$1271.16 |
$4,090.98 |
221.83% |
|
Nov |
$512.08 |
$652.66 |
$2,098.62 |
221.87% |
|
Dec |
$512.08 |
$2,076.88 |
|
|
|
Total |
$4757.74 |
$11,768.02 |
$21,266.36 |
$80.83% |
This month, we spent $69,837 to increase our dividend income by $3,480.16. However, we sold total of $54,960.31 of stocks. Therefore, we decreased our dividend income by $1,316.08. Totally, $14,877.59 cash were added to our portfolio to purchase dividend growth stocks in November. Finally in November, we increased our annual dividend come by $2,164.08. 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 November 2021:
| Date | Number of Shares | Ticker | Amount | Dividend |
|---|---|---|---|---|
|
Nov 03/2021 |
Buy 39 |
TSE:EQB |
$3,255.57 |
$28.86 |
|
Nov 03/2021 |
Buy 62 |
TSE:BEP-UN |
$3,094.49 |
$96.10 |
|
Nov 04/2021 |
Buy 200 |
TSE:FN |
$4,719.00 |
$470.00 |
|
Nov 04/2021 |
Buy 200 |
TSE:MFC |
$4,922.00 |
$264.00 |
|
Nov 05/2021 |
Buy 300 |
TSE:SU |
$9,723.00 |
$504 |
|
Nov 10/2021 |
Sell 292 |
TSE:TRP |
-$18,260.45 |
-$1,016.16 |
|
Nov 10/2021 |
Buy 200 |
TSE:ENB |
$10,559.99 |
$688.00 |
|
Nov 10/2021 |
Buy 59 |
TSE:RY |
$7,838.70 |
$283.20 |
|
Nov 12/2021 |
Buy 100 |
TSE:CNQ |
$5,204.00 |
$235.00 |
|
Nov 17/2021 |
Sell 102 |
SBUX |
-$11,457.30 |
-$199.92 |
|
Nov 17/2021 |
Buy 200 |
ABR |
$3,773.97 |
$288.00 |
|
Nov 17/2021 |
Buy 10 |
AVGO |
$5,707.59 |
$164.00 |
|
Nov 17/2021 |
Sell 100 |
SQ |
-$21,063.79 |
|
|
Nov 17/2021 |
Buy 50 |
BSTZ |
$2,159.09 |
$115 |
|
Nov 17/2021 |
Buy 100 |
TSE:ENB |
$4,880.50 |
$344.00 |
Dividend Reinvestment Plan (DRIP)
In November, we were able to drip 25 shares for the total of $1,209.32 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 Oct 2021, our portfolio was $707,148. Our portfolio at the end of November 2021 was $700,668. The total capital decrease for the month of November 2021 was $6,479 or 0.92%. The main reason for the decrease of our portfolio because the market correction by the end of November .
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Summary
November was a good month for dividend income and dividend increases. We collected total of $21,266.36 in dividend income for the year 2021. Hopefully, we will get over $25,000 of dividend by the end of the year.
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 November. Our projected dividend income has passed our $30,000 goal for 2021.
How was your passive income in November?
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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