Dividend Income Forecast October 2021 — $947.73

Dividend income forecast October 2021 — detailing my entire stock portfolio and how much dividend income it generates annually. I am not a licensed investment advisor and this post is not investment advice.

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One of the greatest parts about dividend investing is how predictable it is.

Based on the amount of shares you own and the dividend payment per share, you can easily determine how much dividend income you will earn over a period of time.

This focus on income makes dividend investing a very business-like way to invest. 

That’s why I often refer to my portfolio as a dividend business — it’s a growing business that pays me monthly. 

Of course, it’s important to pay close attention to how fast a business is growing. So, I track my forward annual income and monthly dividend income to have an idea how the dividend business is performing. 

In this post, I will analyze how the dividend business has grown since August 2021, detail total projected dividend income per year, and show you which stocks I own in my portfolio as of October 2021.

Let’s dive in.

Dividend Income Forecast October 2021 — $947.73

• $947.73 annual dividend income projected per year
• Increase of $144.17 since August 2021
• Up by 17.94% since August 2021
• $78.98 monthly
• $36.45 bi-weekly
• $2.60 daily

Regardless of what happens with stock prices, my portfolio of dividend stocks is expected to pay at least $947.73 annually. 

This is up significantly since the last report. 

Since August 2021, total annual dividend revenue has grown by $144.17. In other words, the entire dividend business grew by 17.94% in less than a few months. 

To put it bluntly, this was accomplished by investing thousands of dollars per month over the last few months.

Although $947.73 it not enough to live off just yet, I am closing in on $1,000 annually. Once I hit $1,000 in annual dividend income, I just need around 20 times the annual income to be financially independent. 

It may seem like a long way off, but reaching four digits makes the journey to financial independence seem more achievable. 

Now that the portfolio generates nearly $1,000 annually, it will automatically grow by $30 to $50 a year by reinvesting those dividends. 

24 Dividend Paying Stocks

As of October 2021, my investment portfolio has 24 dividend paying stocks in it.

This is up by 2 more than in the previous report. 

Ultimately, I realized that it’s going to require a very large portfolio of stocks to achieve financial independence through dividend investing.

I will need to have many positions that I feel comfortable holding at least $5,000 in.

So, I started acquiring shares of CIBC and National Bank because these are companies I am comfortable with holding. 

In addition to the 24 dividend stocks, I hold growth stocks and a 0.5% allocation to cryptocurrency. In total, my portfolio consists of 31 different positions, excluding cash.

Here is a summary of my portfolio starting with the largest portion to the smallest:

• RY
• ENB
• FTS
• T.TO
• AQN
• MO
• REI.UN
• SBUX
• ABBV
• PLC
• SU
• PLTR
• AAPL
• CM
• BNS
• SRU.UN
• CSCO
• NA
• JNJ
• NWH.UN
• CHP.UN
• BTC
• GLW
• SHOP
• VCI
• RCI.B
• ETH
• SIS
• ACB
• WEED
• BTCC.B

$52.27 Until I Earn $1,000 Annually From Dividends

After counting down to $1,000 annually for years, I am finally almost there.

As of October 9, 2021, I am only $52.27 away from earning $1,000 per year.

This is almost as significant of a milestone as hitting $100 in one month. 

Because once you earn $1,000 per year in dividends, you can begin to see the effects of compound interest. Furthermore, you actually have extra cash from dividends to invest every month. It also becomes easier to visualize earning $5,000 to $10,000 annually. It doesn’t seem so far away.

Based on how much I plan to save and invest this month, I expect to surpass $1,000 by the end of October 2021.

Dividend Income Forecast October 2021 — Final Thoughts 

In summary, my portfolio of dividend stocks is expected to generate $947.73 annually now.

That’s $78.98 in my pocket per month.

To generate this dividend income, I hold a diversified portfolio of 24 dividend stocks and REITs. 

My goal was to surpass $1,000 in forward annual income by the end of the year.

It looks as though I will surpass that target by the end of October 2021. 

As such, I am setting my sights on growing forward annual income to $1,100 by the end of the year. 

In turn, the portfolio will generate more than $1,100 in 2022, and I could get closer to $2,000 per year by the end of the year.

Either way, my portfolio has reached a turning point in 2021. I recently had my first $100 month for dividend income, and my portfolio will officially generate more than $1,000 annually by the end of October 2021.

I am looking forward to looking back on these reports in 5 to 10 years when I am closer to financial independence. It will be fun to reflect on the journey. 

Related Articles On My Dividend Income

Dividend Income Forecast August 2021

Dividend Income September 2021 – A New Milestone

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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