The Power of Dividend Income – Grow Your Portfolio Faster

Dividend Earner

Dividend Earner

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3 min read Affiliate Disclosure

Take a peak inside the compounding income machine! The inner workings are all explained.

I am presenting you with all my dividend income since I started tracking them and since I took control of my investments. I use a spreadsheet to track all my dividend income and portfolio performance and share a guide to building your dividend tracker.

If you are not sure about dividend investing, see “Why I chose Dividend Investing. It’s the ultimate passive income machine. If you are still reading and like what you see, I strongly recommend that you sign up for my newsletter. It’s free and I have unique content.

Dividend income is a true form of passive income where you earn money in your sleep. Up until 2013, my portfolio was setup with high yield stocks mostly but I realized that dividend growth holdings perform better for both stock appreciation and dividend growth and you can see how the growth accelerated below.

Annual Dividends

wdt_ID Year CAD Dividends USD Dvidends Gross Annual Dividend Gross Monthly Income Annual Dividend Growth
1 2010 3,785 0 3,785 315
2 2011 4,674 68 4,742 395 25.28
3 2012 5,579 177 5,756 480 19.14
4 2013 5,948 347 6,295 525 10.96
5 2014 7,740 477 8,218 685 29.32
6 2015 9,777 792 10,569 881 28.45
7 2016 11,589 1,081 12,670 1,056 19.64
8 2017 13,694 2,015 15,710 1,309 24.20
9 2018 16,089 2,923 19,013 1,584 21.21
10 2019 16,924 7,711 24,635 2,053 24.25
11 2020 19,446 9,613 29,059 2,422 21.37
12 2021 18,151 7,883 26,034 2,170 -7.96
13 2022 23,999 8,763 32,763 2,730 25.85
14 2023 29,136 9,300 38,436 3,203 17.32
15 *2024 27,785 9,854 37,640 3,137 19.92
16 *2025 45,139 3,762 19.92
17 *2026 54,132 4,511 19.92

Dividend income is only one part of the journey. In fact, it’s only needed when you need to live from the income but you also need dividend growth to beat inflation.

I break down my strategy as follows:

  • Accumulation Phase = high dividend growth stocks (usually lower yield and lower income). I expect the dividend growth to be over 10%.
  • Retirement Phase = the financial independence nirvana with dividend income but not high dividend yield with no growth. The market yield will generally be between 3%-4% with a dividend growth over 5%.

To succeed with this strategy, I invest by looking at key data points provided by the Dividend Snapshot Screeners and selecting strong toll booth stocks for resilient businesses.

The simple approach has given me an annual return since 2009 of 12%.

2024 Dividend Income

January 2024
$7,019
February 2024
March 2024
April 2024
May 2024
June 2024
July 2024
August 2024
September 2024
October 2024
November 2024
December 2024

2023 Dividend Income

January 2023
February 2023
March 2023
April 2023
May 2023
June 2023
July 2023
August 2023
September 2023
October 2023
November 2023
December 2023

2022 Dividend Income

January 2022
February 2022
March 2022
$1445.42
April 2022
May 2022
June 2022
July 2022
August 2022
September 2022
October 2022
November 2022
December 2022

2021 Dividend Income

January 2021
February 2021
March 2021
April 2021
May 2021
June 2021
July 2021
August 2021
September 2021
October 2021
November 2021
December 2021

2020 Dividend Income

January 2020
February 2020
March 2020
April 2020
May 2020
June 2020
July 2020
August 2020
September 2020
October 2020
November 2020
December 2020

2019 Dividend Income

2019 Dividend Income
January 2019
February 2019
March 2019
April 2019
May 2019
June 2019
July 2019
August 2019
September 2019
October 2019
November 2019
December 2019

2018 Dividend Income

2018 Dividend Income
January 2018
$1,485
February 2018
$1,237
March 2018
$1,586
April 2018
$1,630
May 2018
$1,407
June 2018
$1,613
July 2018
$1,753
August 2018
$1,462
September 2018
$1,704
October 2018
$1,847
November 2018
$1,650
December 2018
$1,692

2017 Dividend Income

Annual 2017 Dividend Income
January 2017
$1,002
February 2017
$1,083
March 2017
$1,566
April 2017
$1,042
May 2017
$1,053
June 2017
$1,748
July 2017
$1,225
August 2017
$1,114
September 2017
$1,682
October 2017
$1,473
November 2017
$1,231
December 2017
$1,413

2016 Dividend Income

Annual 2016 Dividend Income
January 2016
$858
February 2016
$995
March 2016
$1,125
April 2016
$920
May 2016
$928
June 2016
$1,227
July 2016
$921
August 2016
$1,010
September 2016
$1,366
October 2016
$1,000
November 2016
$974
December 2016
$1,292

2015 Dividend Income

Annual 2015 Dividend Income
January 2015
$687
February 2015
$815
March 2015
$925
April 2015
$760
May 2015
$891
June 2015
$966
July 2015
$801
August 2015
$889
September 2015
$985
October 2015
$844
November 2015
$958
December 2015
$1,029

2014 Dividend Income

Annual 2014 Dividend Income
January 2014
$602
February 2014
$536
March 2014
$628
April 2014
$603
May 2014
$577
June 2014
$730
July 2014
$609
August 2014
$702
September 2014
$830
October 2014
$670
November 2014
$820
December 2014
$893

2013 Dividend Income

Annual 2013 Dividend Income
January 2013
$482
February 2013
$463
March 2013
$531
April 2013
$503
May 2013
$479
June 2013
$571
July 2013
$567
August 2013
$433
September 2013
$603
October 2013
$609
November 2013
$415
December 2013
$640

2012 Dividend Income

Annual 2012 Dividend Income
January 2012
$497
February 2012
$503
March 2012
$372
April 2012
$547
May 2012
$540
June 2012
$423
July 2012
$519
August 2012
$549
September 2012
$450
October 2012
$360
November 2012
$487
December 2012
$550

2011 Dividend Income

Annual 2011 Dividend Income
January 2011
$489
February 2011
$307
March 2011
$277
April 2011
$456
May 2011
$372
June 2011
$323
July 2011
$468
August 2011
$439
September 2011
$350
October 2011
$446
November 2011
$444
December 2011
$366

2010 Dividend Income

Annual 2010 Dividend Income
January 2010
$367
February 2010
$200
March 2010
$216
April 2010
$419
May 2010
$210
June 2010
$262
July 2010
$459
August 2010
$290
September 2010
$307
October 2010
$437
November 2010
$313
December 2010
$263

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