Dividend Income April 2021
Record over record in April. My dividend growth journey portfolio reached a new record in dividend income. It surpassed the $700 mark and my PADI crossed over the $8,000 mark The journey continues.
Dividend Growth Investing for Financial Independence
Record over record in April. My dividend growth journey portfolio reached a new record in dividend income. It surpassed the $700 mark and my PADI crossed over the $8,000 mark The journey continues.
It’s time to review my options results as part of my Dividend Growth Journey. My main strategy of trading options is to sell puts options on companies I have on my radar but may be above the price I am willing to pay. I achieved 9K in positive cash flow and $893 in secured income for March. I sold in total 39 options, some with a longer than usual expiration date.
In March a total of 24 companies paid me and I received $686.58 in dividends. My PADI increased to $7,877 and I reached more than 50% of my target for 2021. Additionally, I invested into 7 companies, all additions to existing positions. See all the details in the article.
With the markets reaching new maximums my portfolio also shows some really nice gains. And with it also Snap-On Incorporated (Ticker: SNA) which I first bought last year in April on a limit order. At market close on Friday, 9th of April, it had gone up by $235.59, making it my third home run!
It’s time to review my options results as part of my Dividend Growth Journey. As a regular visitor of my blog you know that I try to boost my income and portfolio value by trading options. February has been fantastic in terms of secured income and the cash flow remained positive. The highlight of the month was the option trade on MSTR, which I closed early.
The dividend income for February was $516.53 from 14 different companies, a 35% drop compared to February last year. At the same time, my PADI increased to $7,489 which marks again a new record.
The dividend safety score of my portfolio is also growing steadily towards my target.
In 2020 I experienced the downside of options trading when not covered and suffered substantial losses. Ever since, I controlled my risk level better and learned a great deal on what options to trade to get the best trade-off on premium vs exposure. The recovery in the second half of 2020 was good but I am as of January 2021 still accumulating a loss of close to $17,000 out of options trading.
Find out what my current positions are and which trades I did in January 2021.
With the beginning of the New Year it is time to review 2020 and set the targets for 2021. I like setting challenging but achievable goals based on the strategy that I plan to deploy.
January is in the books and what a start into 2021 it has been. I received $598.42 in dividend income, raised my PADI to $7,312 and invested into several new companies.
After I recently announced my first ever home run I am please to report home run number two. In just e few days the stock gained a lot of momentum and crashed the barrier of 100%+ return.