March has come to an end so it is time for another update. This month was the best month ever for income from my accounts. The good start to the year has continued. It was the best month ever for dividends and a good month for options trading premium. Let’s take a look at how much dividends and options premium I received for March.
For the month, I received a total of $735.45 in dividends. This is a significant increase over March 2023 when I received $509.51 in dividends. This is a nice 44.34% increase year over year. For the year I have received $1,638.74 in dividends. This puts me at 23.41% toward my goal of $7,000 dividends received for the year. I am a little bit behind pace to reach my goal, but there is plenty of time left in the year to catch up.
Options premium received in March was down again this month when compared to January and February but was still respectable, totaling $664.03. I was very active this month in options trading. Below is chart of all the options trades I made in March.
| Ticker | call/put acct | strike | exp date | premium | trans date |
| SCHD | 2 c ira cl | 78 | 7/19/24 | -$435.35 | 3/1/24 |
| SCHD | 2 c ira | 79 | 10/18/24 | $482.65 | 3/1/24 |
| USB | c ira | 43.5 | 3/8/24 | $26.32 | 3/4/24 |
| T | c ira | 17 | 3/8/24 | $18.32 | 3/4/24 |
| SIRI | 3 c ira | 5 | 3/8/24 | $2.77 | 3/4/24 |
| NYCB | c roth | 4.5 | 3/8/24 | $4.72 | 3/4/24 |
| CVS | c ira | 77 | 3/8/24 | $15.32 | 3/4/24 |
| T | c ira | 17 | 3/8/24 | $17.32 | 3/5/24 |
| USB | c ira cl | 43.5 | 3/8/24 | -$41.03 | 3/7/24 |
| USB | c ira | 44 | 3/15/24 | $66.32 | 3/7/24 |
| EPD | c ira cl | 28 | 3/15/24 | -$29.03 | 3/7/24 |
| EPD | c ira | 28 | 3/22/24 | $35.32 | 3/7/24 |
| SCHD | c ira cl | 79 | 10/18/24 | -$591.36 | 3/8/24 |
| SCHD | c ira | 80 | 1/17/25 | $624.64 | 3/8/24 |
| MO | c ira cl | 42 | 3/8/24 | -$9.03 | 3/8/24 |
| MO | c ira | 42.5 | 3/15/24 | $14.32 | 3/8/24 |
| SIRI | 3 c ira | 5 | 3/28/24 | $2.77 | 3/11/24 |
| NYCB | c roth | 4.5 | 3/15/24 | $4.72 | 3/11/24 |
| EPD | c ira cl | 28 | 3/22/24 | -$24.03 | 3/11/24 |
| EPD | c ira | 29 | 6/21/24 | $28.32 | 3/11/24 |
| ENB | c ira | 37.5 | 4/19/24 | $14.32 | 3/11/24 |
| CVS | c ira | 75 | 3/15/24 | $19.32 | 3/11/24 |
| MO | c ira cl | 42.5 | 3/15/24 | -$48.03 | 3/12/24 |
| MO | c ira | 45 | 9/20/24 | $79.32 | 3/12/24 |
| EPD | c ira cl | 28.5 | 3/15/24 | -$38.03 | 3/13/24 |
| EPD | c ira | 29 | 4/19/24 | $39.32 | 3/13/24 |
| BEPC | c roth | 25 | 4/19/24 | $49.32 | 3/15/24 |
| WPC | c ira | 65 | 4/19/24 | $4.72 | 3/18/24 |
| USB | c ira | 44 | 3/22/24 | $15.32 | 3/18/24 |
| SOFI | p ira | 7 | 3/22/24 | $20.32 | 3/18/24 |
| PRU | c ira | 120 | 4/19/24 | $49.32 | 3/18/24 |
| O | c ira | 57.5 | 4/19/24 | $6.62 | 3/18/24 |
| NYCB | p ira | 3.5 | 3/28/24 | $9.47 | 3/18/24 |
| BTI | c ira | 34 | 5/17/24 | $4.72 | 3/18/24 |
| CVS | c ira | 80 | 3/22/24 | $11.37 | 3/18/24 |
| BEPC | c ira | 30 | 5/17/24 | $9.47 | 3/18/24 |
| BEPC | c roth | 30 | 5/17/24 | $9.47 | 3/18/24 |
| NYCB | c roth | 4 | 4/5/24 | $4.72 | 3/20/24 |
| USB | c ira | 45.5 | 3/28/24 | $4.72 | 3/25/24 |
| NYCB | p ira | 3.5 | 3/28/24 | $7.57 | 3/25/24 |
| CVS | c ira | 81 | 3/28/24 | $17.32 | 3/25/24 |
| SIRI | 3c roth | 4.5 | 4/19/24 | $8.47 | 3/26/24 |
| NYCB | p tax | 3.5 | 3/28/24 | $14.32 | 3/26/24 |
| VALE | c tax | 12.5 | 4/5/24 | $5.67 | 3/27/24 |
| RKLB | p ira | 4 | 4/19/24 | $14.32 | 3/27/24 |
| SCHD | 2c ira cl | 80 | 1/17/25 | -$707.35 | 3/28/24 |
| SCHD | c ira | 83 | 1/16/26 | $814.64 | 3/28/24 |
| EPD | c ira cl | 29 | 4/19/24 | -$43.03 | 3/28/24 |
| EPD | c ira | 30 | 9/20/24 | $52.32 | 3/28/24 |
The total amount of income produced from my accounts for March was $1,422.47. This includes dividends, options premium, and interest. This is most amount of income my accounts have ever produced in one month. This also marks the fourth straight month my accounts have produced over $1,300. Honestly, I am a bit surprised by the consistency of income I have achieved the past few months. For the year, my accounts have produced $4,220.21 of income which has been reinvested back into the accounts to allow the compounding effect to grow my accounts. This puts me at 33.76% toward my goal of $12,500 of income from accounts this year.
March continued the great start to the year. As always, I will continue to invest and reinvest the dividends and options premium. Following this plan will allow the income from my accounts to grow. One day it will be enough to cover my expenses and allow me to retire. Thanks for following along! If a blue collar factory worker like me can do this, so can you. I encourage everyone to invest in their future!
*Disclaimer – I am not a financial professional. The information shared here should not be considered financial advice. I am just a factory worker sharing my experience as I strive to achieve financial freedom. Before investing or making any financial decision do your own research and due diligence or consider seeking the advice of a financial and/or tax professional.
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