I enjoy watching my dividend income gradually grow. I have had 2 recent dividend increases: Pembina Pipelines 3.7% and Keyera Corp 11%. I am also enrolled in the DRIP (dividend reinvestment program) with Johnson & Johnson, Keyera Corp and RioCan REIT, therefore, my dividend income is compounding as well.
September has always been my most profitable month for option premiums, mainly due to selling Jan/16 puts. During the month of September, I closed several option positions to cover a negative margin balance. Although I have been over my available margin limit on numerous occasions, it has been very manageable. I have not had a margin call since June.
At present, the rewards for using 100% of my available margin outweigh the potential risks.
Listed below is my account activity for the month of September.
DIVIDEND INCOME
Company Name Amount of Dividend
Baytex Energy $264.00
Cenovus Energy $193.60
Crescent Point Energy $117.30
Enbridge Inc $189.00
Exxon Mobil $189.00
Johnson & Johnson $603.10
Keyera Corp $120.80
McDonald's Corp $308.00
Pembina Pipelines $157.08
Pepsico $227.00
RioCan REIT $169.91
Total Dividends $2,538.79
OPTION PREMIUMS
The following is a list of my September option trades.
The premiums are the amounts of cash I received after commissions.
Date Position Premiums
09/10 10P MCD Nov $85 $197.50
09/12 -8P EMA Sept $32 -$2,379.99
09/12 8P EMA Nov $32 $2,460.01
09/16 2P MCD Sept 27 $97 $83.50
09/16 1P XOM Jan/16 $75 $618.74
09/16 -1P BTE Oct $40 -$91.24
09/18 1P PEP Jan/16 $70 $565.74
09/19 25P PG Nov $65 $208.75
09/19 3P XOM Sept 27 $90 $256.25
09/20 1P GIS Jan/16 $40 $299.75
09/20 2P CNR Nov $100 $127.51
09/20 2P TD Nov $86 $97.51
09/20 2P KEY Nov $54 $127.51
09/23 4C MCD Dec $105 $101.00
09/23 20P CL Nov $50 $158.00
09/23 20P PEP Nov $70 $265.00
09/23 10P JNJ Nov $75 $117.50
09/26 -3P XOM Sept 27 $90 -$853.74
09/26 3P XOM Oct $90 $892.24
09/27 -2P MCD Sept 27 $97 -$32.49
09/27 2P MCD Oct 4 $97 $107.50
09/30 5C CPG Nov $40 $133.76
09/30 -20P JNJ Oct $70 -$114.99
09/30 -10P ECA Oct $17 -$162.49
Total Option Premiums $3,182.83
Total September Income: $5,721.62
Ticker Symbols
* TSX listed stocks and options are listed in Canadian currency and the remainder are listed in US currency (exchange rates may vary)
BTE - Baytex Energy (TSX)
CL - Colgate-Palmolive
CNR - CN Rail (TSX)
CPG - Crescent Point Energy Corp (TSX)
ECA - EnCana Corp (TSX)
EMA - Emera Inc (TSX)
GIS - General Mills
JNJ - Johnson & Johnson
DEY - Keyera Corp (TSX)
MCD - McDonald's Corp
PEP - Pepsico
PG - Proctor & Gamble
TD - TD Bank (TSX)
XOM - Exxon Mobil Corp
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