June 2014 Dividends/ Option Income
June has been a huge dividend month for me. Last June I made $143.66; this year I brought in $295.02, a 105.4% increase. This amount brings the year total up to $1011.13. Last year I made $1132.01 in total and I am already almost at that 6-months in. I also already beat last year’s annual dividend goal of $1000.
Options have not been so nice to me thus far. I currently have a few options trades running that I hope will be profitable. The few that either expired in June or I had to close at a loss, IWM and NFLX, resulted in a loss of $410. Not great, but I hope to turn that figure around in the second half of the year. I’ve already had good success with my first cash-secured put, LULU.
| Symbol | Dividend Amount | Shares Bought | @ Price |
|---|---|---|---|
| AFL | $21.97 | 0.3566 | 61.60 |
| AVA | $47.79 | 1.5265 | 31.3076 |
| BMS | $13.68 | 0.3318 | 41.2346 |
| BP | $29.96 | 0.5886 | 50.9003 |
| CVX | $27.65 | 0.2206 | 125.3569 |
| HRS | $20.70 | 0.2712 | 76.315 |
| IBM | $13.27 | 0.0722 | 183.8112 |
| JNJ | $21.30 | 0.2053 | 103.7574 |
| MCD | $24.90 | 0.2455 | 101.443 |
| O | $9.16 | 0.2096 | 43.711 |
| TGT | $13.51 | 0.2382 | 56.7226 |
| V | $6.03 | 0.0287 | 210.0727 |
| VTR | $15.95 | 0.2504 | 63.6979 |
| WFC | $29.15 | 0.5706 | 51.0846 |
Total dividends for June 2014: $295.02
Total cumulative dividend income for 2014: $1011.13
Forward 12-Month Dividends: $2342.39
Total option income for June 2014: $-419.26
Total cumulative option income for 2014: -$597.40
Full disclosure: Long all the above stocks
Great YOY increase! I’m not sure what options you have, but you might look at dividend companies you want to own and sell puts. Collect the premium or collect the shares of the company you want to own anyway. Keep up the great work!
MDP
My Dividend Pipeline recently posted…June 2014 Passive Income
Thanks, MDP! You’re not doing too shabby yourself. I can’t wait until I get to your level of passive income. Wow!
As far as dividends, yeah, you’re right. Selling puts for premium and/or selling covered calls is definitely the way to go. The options that I ended up losing money on were verticals and some volatility plays that didn’t work out. I’m hoping the second half of the year goes better!
Scott,
Great work on your goals at this halfway point. Your passive income is really starting to take off! I like seeing all the different companies that paid, you have a great looking portfolio. Keep up the investing and increasing those forward dividends 🙂
All my best,
Ryan
Ryan @ My Dividend Growth recently posted…Growth Update: June 2014
Thank, Ryan. There’s so many more high quality companies out there that I still need to invest in…just need to get some more money first. 🙂 I’m liking your idea of DE. Cheap PE and plenty of room for growth. The world has got to keep eating, right?