• Total dividend income projected is $573.73 (Up $31.61 since the previous report).

• $54.10 in additional dividend income has been added year to date.

• $39.58 was added in February. 

• $8.86 in additional projected income is from dividend raises YTD.

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I was planning to wait for one more pay cheque before posting the next forward dividend projection. However, multiple dividend raises were announced and an increase to a matching share plan resulted in a $31.61 increase since the previous report.

Frankly, forward dividend income is reaching a substantial level now—a proof of concept level.

Even if I fail to invest another dime, the portfolio will generate $573.73 on an annual basis (January to December).

As such, I figured it was a good opportunity to fit in 1 more dividend income projection before I crack $600 annually. Because that’s coming soon! 

$426.27 to go before this is a $1,000 Business | 10 Years

The dividend business is more than half way to becoming a $1,000 annual business. That is a significant amount of money to reinvest each year.

Based on how much the dividend business is currently generating, I will earn $5,737.30 in dividends over a 10 year period without considering dividend raises. 

Of corse, the goal is financial independence so I plan to continue saving more money. Which means the amount of money I’ll have from dividends in 10 years will be substantially higher.

For example, if I can increase forward dividend income to $800 annually by the end of the year, I will receive $8,000 plus dividend raises every 10 years. 

$226.27 left to go to reach $800 

After the recent dividend raises and additions to the portfolio, I will still need to increase income by $226.27 to meet the minimum target I set. 

This is very feasible, though, considering that I added $228.89 in 2017, and $290.74 in 2018. In fact, I should be able to add even more than this. 

While my YoY growth will slow down over time as the size of the portfolio becomes larger, I expect revenue growth to increase more rapidly by the year. Simply put, I’ll have more money to put to work every year, recession or not.

As mentioned above, $54.10 has been added so far this year.

Forward Projections vs. Dividend Income Updates

I just wanted to provide a bit of clarity on the forward dividend projections (which this post is) vs. the dividend income updates. I understand how it could cause confusion for someone that is new to dividend investing.

In short, forward dividend projections detail how much money I will earn from dividends if I stopped investing any more capital. The timeframe for the amount of income is from January to December.

On the other hand, the dividend income updates detail how much dividend income was actually received into my accounts each month.

Concluding Thoughts | Forward Dividend Projection | March 2019 | $573.73

February was a short month but a busy month for the RTC portfolio. 

It was tax season here in Canada so I decided to make one final contribution to my RRSP. 

Related post: Canadian Dividend Investing Strategy: Benefits of the RRSP

This wasn’t through additional savings, though. I decided to use a small amount of cash I had in a savings account.

Even though it has become difficult to find value again since the 4th quarter of 2018, value is still available if you look hard enough. 

In turn, I will continue to add to the dividend portfolio this year, but it will be done by careful stock selection. 

I look forward to documenting my progress on my way to $800 in forward dividend income.

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