Annual Dividend Income Projection – Q1 – March 2020 – Projecting how much annual dividend income I’ll earn in 12 months – Forward dividend income.
- The dividend income fund is projected to earn $644.15 annually (Up $15.88 since the final projection of 2019).
- $7.72 of the increase is a result of dividend raises.
- Dividend income is up $70.42 annually since the March 2019 projection.
- Dividend income is up $337.31 annually since March 2018.
Although the portfolio suffered a massive 4 digit loss yesterday, dividend income has continued to be deposited in my accounts and the amounts I receive have continued to grow annually.
Therefore, I view this current stock market correction as a buying opportunity to increase annual dividend income.
As for stocks to buy, there are high dividend stocks that pay more than 4.5% annually to their shareholders, or quality stocks such as AAPL, RY, and SBUX have been discounted.
Of course, I am not suggesting that this is the bottom of the recent pull back. But since I prefer dollar cost averaging and incrementally building up positions at attractive prices over time, I view this recent selloff as an opportunity. The stock prices will be higher in 5 to 10 years, and so will my dividend income.
This is ultimately how I’ve built dividend income up to $644.15 annually.
How Annual Dividend Income Increased
Annual dividend income increased by $15.88 from a recent purchase of CM but mostly from dividend raises.
$7.72 of the increase is a result of dividend raises.
The portfolio received raises from CM, RY, KO, SU, and ENB.
Otherwise, I haven’t been doing that much buying in 2020.
Due to a combination of stock prices being high and having less income because of my part-time job, I haven’t been buying stocks as consistently as I once was.
Instead, I have been saving small amounts and letting dividends build up in my brokerage accounts.
But I had to make a small buy when the market dipped yesterday (March 9, 2020). That was one of the craziest days for the market I’ve ever witnessed.
However, I am sticking to the plan and holding onto all of my dividend paying stocks. My plan is to grow blog income and then use that income to grow dividend income.
Stocks in the Portfolio
My dividend income stream consists of 15 stocks (shown in the chart to the left) from the Canadian and U.S. markets.
Canadian dividend stocks are held in my TFSA, while USD stocks are held in my RRSP.
Related Post: Canadian Dividend Investing Strategy: Benefits of the RRSP
At this time, the Canadian side of my portfolio is much larger than the USD. However, for diversification and to own some of the best companies in the world, I must add more USD positions. Stocks such as AAPL, MO, T, SBX, JNJ, and PG to name a few. I believe I am lacking in the tech and health sectors.
$355.85 until this is a $1,000 Annual Dividend Income Projection
Total annual dividend income projected is now $644.15, which means I need to grow dividend income by $355.85 to surpass $1,000 annually.
In truth, I would have been in the $800 to $1,000 range by now had I remained at my full-time job.
On the other hand, I don’t know if the blog would have been performing as well as it is now. It’s hard to tell. But I do know that the blog’s numbers and advertising income have been higher than ever since I went part-time. For example, Google Adsense income increased by 169% last month. If the same kind of growth continues, I will have a lot more money to invest.
Concluding Thoughts
Ideally, blog income will continue to increase so that I have more money to invest.
However, I must say—with annual dividend income at $644.15 now, and with blog income from advertising increasing at a rapid rate, I am beginning to see the combination of income streams I was seeking.
Moreover, pursuing financial independence through blogging, dividend investing, and flexible work has become a reality.
The goal now is to grow dividend income by reducing expenses and by increasing income from blogging.
This projection has been added to the dividend income projection’s page.
I am not a licensed investment or tax adviser. All opinions are my own. This post contains advertisements by Google Adsense. This post also contains internal links, affiliate links, and links to RTC social media accounts.
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High Dividend Stocks that pay over 4.5%
