Forward dividend income forecast December 2021 — My dividend business is expected to generate $1,076.56 annually. Income projection and stock holdings. I am not a licensed investor and this article is not investment advice.
It was only recently that my portfolio crossed $1,000 in forward annual dividend income.
Since then, a myriad of dividend raises and one regular bi-weekly savings contribution has dividend income almost $100 higher. That happened fast.
It seems as though adding the next $1,000 annually will be easier than the first.
In this article, I will review the growth of my dividend income over the past month and look at how much dividend income is expected in 2022.
Let’s dive in.
Forward Dividend Income Forecast December 2021 — $1,076.56
- $1,076.56 annual dividend income forecasted per year
- Increase of $49.85 since November 2021
- Up 4.86% since last month
- $89.71 monthly
- $41.41 bi-weekly
- $2.95 per day
- Up $394.08 YTD
- 57% annual revenue growth
- Dividend raises from Royal Bank, Enbridge, National Bank, CIBC, and Bank of Nova Scotia were announced
- $67.43 of this year’s growth was from dividend raises.
Regardless of what happens in the stock market in 2022, I expect to earn at least $1,076.56 in dividends next year.
This represents an increase of $49.95 or 4.86% since last month. Compared to the end of last year, annual dividend income is up by $394.08 or an impressive 57% growth.
Relatively speaking, 57% revenue growth is the kind of revenue increase you would expect from a growth stock.
If I can continue to grow my dividend income at the same pace, I will be able to reach financial independence in the next decade.
Of course, it will become more challenging to keep up that pace as the size of the portfolio grows.
Portfolio Holdings Overview
As of December 10, 2021, my portfolio consists of 24 dividend paying stocks.
This number hasn’t changed since last month.
As I stated in the previous report, I am more interested in adding to existing positions than I am in adding new ones at this point.
I may even cut down on some of my positions this year to focus on my best stocks.
In addition to the 24 dividend paying stocks, I hold growth stocks and have a 1% allocation in cryptocurrency.
Here is a breakdown of my portfolio holdings from largest to smallest:
- RY
- ENB
- FTS
- AQN
- T.TO
- SBUX
- AAPL
- MO
- REI.UN
- ABBV
- PLTR
- PLC
- SU
- CM
- BNS
- SRU.UN
- CSCO
- NA
- JNJ
- NWH.UN
- CHP.UN
- BTC
- GLW
- SHOP
- ETH
- VCI
- RCI.B
- SIS
- ACB
- WEED
- BTCC.B
Annual Growth Expectations
As mentioned earlier, forward annual dividend income increased by 57% in 2021.
At the end of 2020, my portfolio was expected to generate $682.48 annually. Twelve months later, I expect to generate $1,076.56 annually. This is almost a $400 increase.
If I can continue to grow revenue at a similar pace, I should be able to add another $400 in 2022.
Consequently, my forward dividend income target for the end of 2022 is $1,500. This would be a 39% year-over-year growth rate over the $1,076.56 that is currently expected.
By the end of next year, the expectation is that my portfolio will generate $1,500 annually per year.
Forward Dividend Income Forecast December 2021 — Final Thoughts
In summary, my portfolio now generates $1,076.56 per year in dividend income.
This represents a 57% increase compared to how much dividend income was expected last year.
Moreover, dividend income was pushed higher over the past month by raises from Royal Bank, Enbridge, National Bank, CIBC, and Bank of Nova Scotia.
Dividend raises and savings contributions added $49.85 since November. This represents a 4.86% month-over-month increase.
In total, dividend raises added $67.43 in dividend income in 2021.
Although I do not expect as high of raises from banks in 2022, I still expect dividend raises to add between $40 to $50.
Overall, I estimate that forward annual dividend income will increase by another 39% next year. By the end of the year, I expect to generate at least $1,500 annually.
Similar Articles On Dividend Investing To Check Out
Distribution Income Forecast November 2021 — $1,026.71
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
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