Throughout these updates we will go over the previous month’s dividend income, as well as our rolling 12 month projected dividend income and our progress towards our goal of having $50,000 in annual passive income. For reference, I received my first ever dividend payment in December 2017, and I immediately realized that they needed to be a prominent part of our any investment strategy.
If you’re interested in seeing January’s post click here.
Here we are back for another recap of our dividend income portfolio. The month of February is traditionally a slow month for our passive income as you’ll see below but that’s okay since it’s the calm before the storm that is March dividends!
People often ask us if we try to balance out our dividend payments month by month – and the quick answer is “no”. I view our income as more of a quarterly/yearly thing and feel very confident that we will be able to manage the fluctuations and plan ahead enough that it won’t affect us in any way.
Given all of the worldly turmoil going on at the moment overseas as well as the impact it’s having on the markets, receiving our dividends into our accounts on time and as expected has a calming affect as an investor. I’ve never been an overly risk tolerant person and don’t often get any “big winners” in my portfolio because I’m not usually taking on the risk that others are, specifically in the tech sector.
Speaking of that dividend income, let’s get into the numbers:
Dividends Received: $603.85
As mentioned earlier this month is a bit of a drag, as we’ve become accustomed to using 4-figure months more often than not – but it is still a great haul for us that would cover many bills such as internet, Netflix, disney+, Apple TV, electricity and much more!
Breaking down which bills we could in theory pay with these dividends helps us see the light at the end of the tunnel and realize that one day these payouts really will unlock our retirement dreams.
Let’s see how we’re progressing this year:
Dividends Received YoY: $1,692.63
We’ve set out a rough target of $14,000 for the year of 2022 so if we are to hit that we’re going to have to get a move on! Hopefully next month’s big total plus our continued contributions will help push us over that threshold by year’s end.
Here’s how we’re doing compared to last year:
A 10% increase is not what we’d like to see still early on in our journey, however, it’s the year-over-year growth in it’s entirety that we’re more focused on and since we feel we’ll see a 30-40% growth over the entire 12 months we won’t dwell on one month.
What we’re hoping to achieve by the time we retire is a portfolio yield greater than 4% and ideally a dividend growth rate of about 5% or greater, right now we’re well on the way.
Now let’s see how the next 12 months are shaping up:
Dividend Projection: $14,257.84
Portfolio Value: $ 383,958.79 (+$6k)
Dividend Value: $ 14,257.84 (+$1,200)
Portfolio Yield: 3.71 %
That’s all we’ve got for this month’s recap, if you’ve got questions or comments leave them below or on our social media pages:
TWITTER: @FindependenceC1
INSTAGRAM: @FindependenceCanada
Thanks for stopping by,
FIC.