Total dividend income projected is $604.96 (Up $31.23 since the previous report).
$85.33 in additional dividend income has been added year to date.
$23.27 was added in March.
$8.86 in additional projected income is from dividend raises YTD.

Although value is becoming harder to come by, forward dividend income continues to climb higher.

In fact, forward dividend income is up another $31.23 since the prior projection.

More importantly, though, I finally surpassed $600 in forward dividend income!

Even if I fail to add another dime to the portfolio in 2019, I will receive at least $604.96 in cash dividends per year.

Forward Dividend Projection | April 2019 | $604.96 chart 1

$395.04 Until I Earn $1,000 Annually

Just like that, I earn over $50 per month from dividends on average. Some months will be even higher than $50. But I won’t divulge too much on that to maintain an element of surprise for April’s dividend income update. Stay tuned for another record breaking month…

Nonetheless, this dividend business is getting closer and closer to becoming a $1,000 annual cash flow machine.

After increasing forward dividend income by $85.33 so far in 2019, I only need to add another $395.04 to reach $1,000.

The Powerful Impact of Dividend Investing

One of the main takeaways I have gained from writing forward projections is the impact of dividend income over decades.

I never considered it much when I began this journey, but the impact is very powerful.

For example, I’ll earn at least $6,049.60 over 10 years, and $24,198.40 over 40 years (not counting dividend raises).

This is a substantial amount of extra money to invest on top of my monthly savings. Further, all of this cash will be compounded, as it will be reinvested into more dividend paying stocks, whether there’s a market correction or not.

Here’s the real reason why it’s powerful, though:

Adding $31.23 since the last report increases the amount I’ll receive in 10 years by $312.30. Better yet, every $31.23 I add per month increases the amount I’ll have in 40 years by $1,249.20.

I mean, it’s wild how much of an impact a small increase can have over the long term.

Forward Dividend Projection | April 2019 | $604.96 chart 2

Concluding Thoughts | Forward Dividend Projection | April 2019

Overall, it was another solid month for the dividend business.

I am always happy to increase forward dividend income, especially when I can cross over into a new range.

In this case, reaching the $600 range is absolutely a significant milestone, because I’m more than halfway to $1,000 now.

Obviously $604.96 is not enough to reach financial independence yet. However, I know for a fact that many people can’t afford to save $500 per year.

Although comparison is not the point, this perspective makes me truly grateful. But to be perfectly honest, anyone earning an average salary could do this. All I had to do was pay myself first and dollar cost average into high quality dividend paying stocks.

To find out how much money I saved in March, you can check out my monthly savings report. To view the full report for my most recent dividend income update, which was a record setting month, check out Dividend Income Update # 22. For all dividend income projections, visit my dividend income projections page.

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