May has come to an end so it is time for another update. This month was a much better month for income from my accounts than last month. Dividends were up this month. Premium from options trading was also better this month. Let’s take a look at how much dividends and options premium I received for May.
For the month, I received a total of $421.33 in dividends. This is a increase over May 2023 when I received $306.63 in dividends. This is a 37.41% increase year over year. That is one major increase year over year. For the year I have received $2,459.20 in dividends. This puts me at 35.16% 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 May was back up this month when compared to last month. The total for the month was $635.63. I was very active this month in options trading. Below is chart of all the options trades I made in May.
| Ticker | call/put/acct | strike | expiration | premium | date |
| NYCB | c tax | 3.5 | 5/10/24 | $14.32 | 5/6/24 |
| BEPC | c ira cl | 30 | 5/17/24 | -$60.03 | 5/6/24 |
| BEPC | c roth cl | 30 | 5/17/24 | -$50.03 | 5/6/24 |
| SIRI | 3 c ira | 4 | 5/10/24 | $2.77 | 5/6/24 |
| SIRI | 3 c roth | 4 | 5/10/24 | $2.77 | 5/6/24 |
| USB | c ira | 43 | 5/10/24 | $6.62 | 5/6/24 |
| BEPC | c roth | 35 | 12/20/24 | $100.32 | 5/6/24 |
| CVS | c ira | 60 | 5/10/24 | $3.77 | 5/6/24 |
| NYCB | 2 p ira | 3.5 | 5/10/24 | $9.45 | 5/6/24 |
| BEPC | c ira | 35 | 12/20/24 | $109.32 | 5/6/24 |
| ENB | 2 c ira cl | 37.5 | 6/21/24 | -$124.05 | 5/10/24 |
| ENB | 2 c ira | 40 | 1/17/25 | $170.65 | 5/10/24 |
| NYCB | c tax | 3.5 | 5/17/24 | $9.47 | 5/13/24 |
| SIRI | 3 c roth | 4 | 6/7/24 | $2.77 | 5/13/24 |
| NYCB | p ira | 3.5 | 5/17/24 | $9.47 | 5/13/24 |
| NYCB | c ira | 3.5 | 5/17/24 | $6.62 | 5/13/24 |
| NYCB | c ira | 3.5 | 5/17/24 | $4.72 | 5/13/24 |
| CVS | c ira | 59 | 5/17/24 | $6.62 | 5/13/24 |
| USB | c ira | 43.5 | 5/17/24 | $7.57 | 5/13/24 |
| SIRI | 3 c ira | 4 | 6/7/24 | $2.77 | 5/13/24 |
| NYCB | 3 p tax | 3.5 | 5/24/24 | $14.17 | 5/15/24 |
| SIRI | 2 p tax | 3 | 5/24/24 | $5.67 | 5/15/24 |
| MO | c ira cl | 45 | 9/20/24 | -$171.68 | 5/15/24 |
| MO | c ira | 45 | 12/20/24 | $223.32 | 5/15/24 |
| PRU | c ira cl | 120 | 5/17/24 | -$88.68 | 5/17/24 |
| PRU | c ira | 120 | 6/21/24 | $213.32 | 5/17/24 |
| WPC | c ira cl | 60 | 5/17/24 | -$7.03 | 5/17/24 |
| WPC | c ira | 65 | 6/21/24 | $6.62 | 5/17/24 |
| CWH | p roth | 19 | 6/21/24 | $44.32 | 5/20/24 |
| BTI | c ira | 34 | 6/21/24 | $4.72 | 5/20/2024 |
| SIRI | 2 p roth | 3 | 5/24/24 | $9.45 | 5/20/2024 |
| O | c ira | 60 | 6/21/24 | $4.72 | 5/20/2024 |
| SIRI | 3 p ira | 3 | 5/24/24 | $14.17 | 5/20/2024 |
| USB | c ira | 43 | 5/24/24 | $4.72 | 5/20/2024 |
| CVS | c ira | 60 | 5/24/24 | $11.37 | 5/20/2024 |
| NYCB | c roth | 4 | 6/21/24 | $4.72 | 5/22/2024 |
| SIRI | 2 c tax | 3 | 5/31/24 | $1.85 | 5/28/2024 |
| NYCB | 3 c tax | 3.5 | 5/31/24 | $14.17 | 5/28/2024 |
| USB | c ira | 42 | 5/31/24 | $3.77 | 5/28/2024 |
| CVS | c ira | 55 | 5/31/24 | $7.57 | 5/29/2024 |
| SIRI | 3 c ira | 3.5 | 6/21/24 | $2.77 | 5/29/2024 |
| SIRI | 2 c roth | 3.5 | 6/21/24 | $3.75 | 5/29/2024 |
| EVGO | p tax | 2 | 8/16/24 | $27.32 | 5/30/2024 |
| CVS | c ira cl | 55 | 5/31/24 | -$219.68 | 5/31/2024 |
| CVS | c ira | 55 | 6/14/24 | $264.32 | 5/31/2024 |
The total amount of income produced from my accounts for May was $1,080.14. This includes dividends, options premium, and interest. After a down month of income from my accounts last month, it is good to be back over $1,000 mark. For the year, my accounts have produced $6,066.45 of income which has been reinvested back into the accounts to allow the compounding effect to grow my accounts. This puts me at 48.53% toward my goal of $12,500 of income from accounts this year. This puts me almost halfway to my goal and almost a month ahead of schedule.
May was a rebound month for income from accounts. I continue to be ahead of the pace to reach my income goal for 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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