October 2021 Income Report $4,684 - Dividend Income 221% increased from October 2020

Hello everyone, welcome to our income report for October 2021. October 2021 was a great month for our growth stocks. This is our highest dividend income ever.

Passive Income

For the month of October 2021, we have received $4,090.98 of dividend income and $593.37 of income from writing options. The total passive income for the month of October 2021 was $4,684.35. This passive income included both incomes from dividends and option calls.

Dividend Income

October was our best month ever for dividend income. The following companies have paid us in October 2021:

No	Name	Ticker	Dividend Income October 2020	Dividend Income October 2021	Dripped	Dividend Income from Dripped
1	Algonquin Power & Utilities Corp.	AQN	$180.61	$385.32	9	$7.54
2	Bell Canada	BCE		$175.00
3	The Bank of Nova Scotia	BNS	$206.00	$236.70	2	$7.20
4	BlackRock Science and Technology Trust	BST		$65.00	1	$3.00
5	BlackRock Science and Technology Trust II	BSTZ		$80.06	1	$2.30
6	Capital Power Corporation	CPX	$51.25	$113.33	2	$4.38
7	goeasy Ltd.	GSY	$69.30	$102.30
8	Innovative Industrial Properties, Inc.	IIPR		$75.00
9	Iron Mountain Incorporated	IRM	$50.10
10	Labrado Iron Ore Royalty	LIF		$1247.40	26
11	Main Street Capital	MAIN	$38.13	$48.51	1	$2.52
12	Medical Properties Trust	MPW		$42.56	2	$2.24
13	New Residential Investment	NRZ	$45.60
14	Realty Income	O	$27.14
15	Pembina Pipeline Corporation	PPL		$174.72
16	Invesco NASDAQ 100 Index	QQC-F		$5.44
17	Telus	T	$147.71	$301.97	3	$3.78
18	TD Bank	TD	$312.05	$580.65	2	$6.32
19	TC Energy	TRP	$143.27	$428.04	5	$17.40
20	Taiwan Semiconductor	TSM		$28.98
		Total:	$1,271.16	$4,090.98	52	*$272.83*

We received total of $4,090.98 an 221.83% increased from October 2020 from 17 companies. Out of $4,090.98 received, $3,721.89 is in CAD and $369.09 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. We are expecting the dividend will be lower next quarter because of the price of iron ore has plummet from its high. This investment is very risky; therefore it is only less than 2% of our portfolio. We may consider to trim number of shares in the future.

New dividend payment for this month was: IIPR. We bought this REIT recently in our dividend growth portfolio. The dividend came from our taxable account (Interactive Brokers), we didn’t drip the dividends..

My top 3 dividends for October were TRP, TD and LIF. They were combined for total of $2,256.09 or 55% 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 October 2021, our Projected Annual Dividend Income (PADI) was $36,416. Our monthly dividend income is $3,034. Since the dividend for TSE:LIF is varied, so we are expecting the dividend projection will be $1,000 -$1,500 less. We are planning to trim some of TSE:LIF when the time is right because we want more stable in our dividend income. Our goal for the year 2021 was able to reach $30,000 in the Project Annual Dividend Income and we 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 October 2021:

	Date	Transaction	Expired Date	Amount	Exercised
1	13-Oct-2021	PUT SOFI19	22-Oct-2021	$181.45	No
2	13-Oct-2021	CALL SE 360	22-Oct-2021	$59.26	No
3	14-Oct-2021	PUT SOFI 19	22-Oct-2021	$103.21	No
4	15-Oct-2021	PUT SOFI 17.5	22-Oct--2021	$249.45	No

The total income for selling Call/Put option for the month of October 2021 was $593.37 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 October for growing to a bigger Dividend Snowball. The $4,684.35 total income that we received in October 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 October 2021, our dividends increased 221.83% YoY compared to October 2020. We had 4 dividend increases in October. Therefore the growth of the our dividend income depended on Dividend Reinvestment and Additional Contribution to purchase of new stocks.

Dividend Increases

October 2021, we have 4 companies increased the dividend.

Ticker	# of Shares	Original Dividend	Increased Dividend	% Change	Dollar Change
BST	260	$2.712	$3.00	10.62%	$74.88
BSTZ	417	$2.052	$2.304	12.28%	$105.084
ABR	709	$1.40	$1.44	2.85%	$28.36
ABBV	204	$5.20	$5.64	8.46%	$89.76

The total Dividend increases were $298.08. At 4% dividend rate, these increases were equivalent to additional $7,500 invested in our portfolio in order to generate $300 of dividend income. So far, ABR has increased the dividend 6 quarters in a row. We were quite happy with the dividend increases.

Month	2019	2020	2021	YoY%
Jan	$303.30	$829.32	$1,387.48	67.30%
Feb	$195.63	$409.79	$944.54	130.23%
Mar	$365.59	$878.85	$1,661.87	89.10%
April	$413.77	$947.88	$1,617.43	70.64%
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
Dec	$512.08	$2,076.88
Total	$4757.74	$11,760.66	$19,167.74	62.98%

Stock Transactions

This month, we spent $43,249 to increase our dividend income by $1,530.91. However, we sold total of $25,584.37 which decreased our dividend income by $390.75. Totally, $17,661 were used to purchase dividend growth stocks to increase our annual dividend come by $1,140.16. 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 October 2021:

Date	Number of Shares	Ticker	Amount	Dividend
Oct 05, 2021	Sell 100	ARKK	-$11,087.93	-$221.00
Oct 05, 2021	Sell 175	ARKG	-$14,496.44	-$169.75
Oct 06, 2021	Buy 43	TSM	$4,796.39	$85.14
Oct 06, 2021	Buy 5	AVGO	$2,427.09	$72.00
Oct 07, 2021	Buy 15	QQC-F	$1,845.95	$14.25
Oct 12, 2021	Buy 200	AQN	$3,589.00	$167.52
Oct 14, 2021	Buy 50	TD	$4,252.00	$158.00
Oct 15, 2021	Buy 100	GRT.UN	$9,500.99	$300.00
Oct 16, 2021	Buy 100	POW	$4,277.99	$179.00
Oct 16, 2021	Buy 100	MPW	$2,078.99	$112.00
Oct 18, 2021	Buy 50	BCE	$3,168.50	$175.00
Oct 18 2021	Buy 50	PPL	$2,111.50	$126.00
Oct 20, 2021	Buy 50	NA	$5,197.49	$142.00

Dividend Reinvestment Plan (DRIP)

In October we were able to drip 52 shares for the total of $2,245.92 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 September 2021, our portfolio was $642,101. Our portfolio at the end of October 2021 was $707,148. The total capital increase for the month of October 2021 was $64,900 or +10.11%. The main reason for this increase was our investment portfolio increased 8.5% in October 2021 compared to 7.27% for the NASDAD, 6.91% for the S&P 500 and 4.82% for the S&P/TSX.

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Summary

October was an excellent month for portfolio and dividend income. In October, we were able to generate total of $4,684.35 of passive income. In addition, our projected annual dividend income has increased to $35,733 annually or $2,977 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 October.

How was your passive income in October?

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.