Forward Dividend Income April 2022 — $1,253.78

Forward Dividend Income April 2022 — My dividend business generates $1,253.78 annually, $104.48 monthly, or $3.44 daily. Chronicling growth. I am not a licensed investment advisor and this post is not investment advice.

I like to view my investment portfolio as a business.

Instead of products or services that generate revenue, I manage a portfolio of stocks that generate dividend income.

Similar to how a business tracks revenue, I track my dividend income monthly on this blog.

I also document the forward dividend income that my portfolio is expected to generate annually based on the stocks I own.

By tracking the forward dividend income, I am able to set measurable goals for dividend growth each year.

In this post, I will share how much dividend income my portfolio is expected to generate over a one-year timeframe.

Let’s dive in.

Forward Dividend Income April 2022 Highlights

$1,253.78 annual dividend income projected per year
$163.29 increase in annual dividend income YTD
$104.48 generated monthly on average
$3.44 in dividends per day
15% forward dividend income growth YTD

Chart for forward dividend income April 2022

Forward Dividend Income April 2022 — $1,253.78

My dividend business is expected to generate $1,253.78 annually now.

Of course, this amount excludes total investment returns or annual capital appreciation. This amount is strictly dividend income from stocks or distribution income from real estate investment trusts (REITs).

Anyways, surpassing $1,200 in annual dividend income marks an important milestone as it means I officially average over $100 per month in dividend income.

As of April 2022, the portfolio is expected to average $104.48 per month in dividend income.

Broken down daily, I earn $3.44 in dividends every single day. So my dividend income could buy me a Starbuck’s coffee every single day if I wanted.

Obviously, I reinvest all my dividend income though.

And reinvesting all my dividend income is starting to make a dent now that I earn $1,253.78 annually.

Dividend Income Added YTD — $163.29

My dividend business has grown by $163.29 year-to-date in 2022.

This represents a 15% increase compared to the $1,090.49 that my portfolio reached at the end of December 2021.

Compared to the last forward dividend income forecast, which was published earlier in December 2021, my portfolio generates $177.22 more.

Growth Expectations

I set a goal of $1,500 in forward dividend income by the end of 2022. Reaching this target would work out to a 38% increase.

Based on where my portfolio is currently at, I still need to grow my portfolio by another $246.22 to reach my $1,500 target.

But I am confident I will meet this target because of last year’s performance.

Between January 2021 to December 2021, forward annual dividend income increased by $408.01 or 60%.

The goal to reach $1,500 is based on that target, as it means the portfolio would only have to grow dividend income by $409.51 in 2022. This is only $1.50 more than how much forward dividend income grew in 2021.

Considering that I have more dividend income to reinvest, more savings, and based on my 2021 performance, $1,500 may end up being an easy target.

As I estimated when I set my personal finance goals for 2022, reinvesting dividend income alone will add $48, and dividend raises should contribute another $40 to $50.

Consequently, I only have to save enough to add $300 in dividend income.

Therefore, I only have to save and invest approximately $10,000 at an average yield of 3%.

Based on my progress so far in 2022, it’s likely that forward dividend income will grow by more than 38% by the end of the year.

Portfolio Holdings — 34 Positions

Excluding cash, my portfolio consists of 34 positions.

8 of those positions are non-dividend paying stocks or crypto that do not contribute to my forward annual dividend income.

The other 26 positions pay dividends or distributions.

Since the last forward dividend income forecast, I own 3 more positions: CTC.A, FB/Meta, and QSR.

I have provided a breakdown of my entire portfolio below:

Top Six Stocks

RY
ENB
FTS
AQN
T.TO
SBUX

Canadian Dividend Stocks

CM
SU
PLC
CTC.A
BNS
NA
SIS
QSR
VCI.V
RCI.B

USD Stocks

ABBV
MO
AAPL
CSCO
JNJ
GLW

REIT

REI.UN
SRU.UN
NWH.UN
CHP.UN

Non-Dividend Paying Growth Stocks

FB/Meta
PLTR
SHOP
WEED
ACB

Cryptocurrency

BTC
ETH
BTTC.B

Forward Dividend Income April 2022 — Final Thoughts

In summary, my dividend business generates $1,253.78 in forward annual income.

This represents an increase of 15% or up $163.29 year-to-date.

Ideally, I am aiming for at least $1,500 in forward dividend income by the end of 2022.

This works out to a 38% increase compared to the end of 2021.

To meet this rate of growth, I must grow forward annual dividend income by another $246.22.

Frankly, I don’t see this target being a problem. I expect to meet and exceed it by the end of the year.

Otherwise, my stock portfolio consists of 34 positions. 26 of them pay dividends. The other 8 positions are in non-dividend paying growth stocks or cryptocurrency.

I don’t see my position count increasing much beyond 35 to 40 positions. At this point, my portfolio is more than diversified. I could actually stand to cut a few positions that overlap.

However, there are a few more stocks I still have my eye on that will complete my portfolio. Other than that, I will mostly add to existing positions.

Connect With RTC

Twitter: @Reversethecrush

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Facebook: @reversethecrushblog

Email: graham@reversethecrush.com

Forward Dividend Income April 2022 — $1,253.78

Forward Dividend Income April 2022 Highlights

Forward Dividend Income April 2022 — $1,253.78

Dividend Income Added YTD — $163.29

Growth Expectations