Dividend Income Forecast November 2021 — How I earn more than $1,000 annually from dividend stocks. Income projection and holdings breakdown. I am not a licensed investment advisor and this article is not investment advice.
My dividend income portfolio is now expected to generate more than $1,000 per year.
It took slightly longer than expected because I switched to a part-time job in 2019.
Nevertheless, I will earn more than $1,000 in dividends alone in 2022. That’s excluding capital gains and unrealized gains.
Although it is not enough to retire yet, financial independence is beginning to look more realistic.
Even if I stop saving money now, my investment portfolio is self sustainable. I could literally grow my portfolio with dividends alone. So, in a way, that frees up my income to use for other things — such as saving for a house.
With that said, I still plan on saving and investing in my dividend business going forward.
In this article, I will show you exactly how much my portfolio is expected to generate in dividends from January to December each year, and I will reveal what stocks I hold.
Let’s dive in.
Dividend Income Forecast November 2021 — $1,026.71
- $1,026.71 annual dividend income forecasted per year
- Increase of $78.98 since October 2021
- Up 8.3% since last month
- $85.56 monthly
- $39.49 bi-weekly
- $2.81 per day
- Up $344.29 YTD
Regardless of what happens to the market in 2022, I will earn at least $1,026.71 in dividend income.
This represents an 8.3% increase compared to last month. Put another way, my annual income increased by $78.98 since October 2021.
From a reinvestment standpoint, that’s over $1,000 more that I can invest back into stocks per year.
To put this small figure in perspective, even if I failed to contribute another dime to my portfolio, and if I was starting with a $0 balance, investing $1,026.71 annually at a 7% compound annual growth rate would result in $97,011.23 in a 30 year time frame. (Source: Compound Interest Calculator)
The way I see it, I basically have $97,011.23 plus my current portfolio even if I fail to contribute another dime.
24 Dividend Paying Stocks
As of November 16, 2021, my portfolio consists of 24 dividend paying stocks.
That number hasn’t changed since last month.
At this point, I am more interested in adding to existing positions than I am in initiated new positions.
Frankly, my portfolio could be even slightly over diversified at this point. So, I don’t expect to add new dividend stocks, unless I find another can’t miss opportunity.
In addition to the 24 dividend stocks that I hold, I have 1% of my portfolio allocated to Bitcoin and Ethereum, and I also hold a few growth stocks.
In total, my portfolio consists of 31 different positions.
Here is a breakdown of my portfolio from largest to smallest positions:
- RY
- ENB
- FTS
- AQN
- T.TO
- SBUX
- MO
- AAPL
- REI.UN
- PLTR
- PLC
- ABBV
- SU
- CM
- BNS
- SRU.UN
- CSCO
- NA
- JNJ
- NWH.UN
- CHP.UN
- BTC
- GLW
- SHOP
- ETH
- VCI
- RCI.B
- SIS
- ACB
- WEED
- BTCC.B
Acknowledging $1,026.71 In Dividend Income
Let me take a moment to acknowledge this accomplishment.
Let me say it again — I will earn $1,026.71 in dividends in 2022 for doing absolutely nothing.
This is a pretty cool achievement if you frame it from the perspective of a college student.
When I was in college, I was living on student loans with $4,000 to $5,000 per semester.
Fast forward 10 years later — my student loan is completely paid off and my investments actually pay me $1,026.71 per year.
Moreover, that’s excluding my blog income which is actually outpacing my dividend income.
Basically, I just need to get this number to 20 times what it is now and I could live off it.
Of course, I would probably build up a margin of safety before officially resigning. But it could be done.
Time To Set A New Target
After spending the last few years counting down to $1,000 annually in dividends, it’s finally time to set a new target.
Based on the $344.22 in dividend income that was added this year, I could easily see my annual dividend income grow to $1,371 annually by the end of 2022.
This number is excluding an expected dividend raise from Enbridge in the near future as well.
The only thing that could slow my growth is that I am considering buying a home or condo.
If I do purchase a home, I am hoping to keep my expenses relatively the same. But it will likely end up costing more. Even still, I will continue to save at least 15% of my income and I will have over $1,000 in dividend income annually to invest as well.
It will be interesting to see how next year turns out.
I will provide a more accurate estimate when I set my financial goals for 2022.
Dividend Income Forecast November 2021 — Final Thoughts
In summary, my portfolio is expected to generate $1,026.71 in dividend income annually.
This represents an 8.3% increase since the previous dividend income forecast.
To earn this income, I hold 24 dividend stocks that I add to every month.
In addition to my 24 dividend stocks, I hold Bitcoin, Ethereum, and a few growth stocks that do not pay dividends. My favourite two growth stocks are Palantir and Shopify.
Now that my portfolio has finally surpassed $1,000 annually, my next challenge will be reaching $1,500 to $2,000 per year.
Ideally, it will be easier to accomplish than getting to $1,000 annually, because now I have money working for me.
Related Posts On Dividend Investing
Dividend Income Forecast August 2021
Dividend Income Forecast October 2021
How Much Do I Need To Live Off Dividends?
Dividend Income September 2021 – A New Milestone
Dividend Income Update October 2021 – 91% YoY Growth
I am not a licensed investment or tax adviser. All opinions are my own. This post may contain advertisements by Monumetric. This post may also contain internal links, affiliate links to BizBudding, Amazon, Bluehost, and Questrade, links to trusted external sites, and links to RTC social media accounts.
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