My 2021 Dividend Income

[fenders53]

(12-24-2021, 08:03 AM)rnsmth Wrote: Our 2021 dividend growth will be 11.5% and that includes dividend reinvestment.  Our stocks plus SCHD portfolio would have been 7.2% without reinvestent.  Toss in our 4 CEFs and it would have been 5.9% without reinvestment.

I do not really know how to think about without dividend reinvestment.  The dividends make up about 15% of our income, and it is a part of our margin lf safety.  I do not anticipate needing to take any of them as cash in 2022, but at the age of 70 I know that unanticipated things can happen.

Looking at a bigger number in 2022.  Thanks in part to a good special in Janaury from NIE, and a 32% increase in NIE's regular distribution - and those nice dividend increases for next year already announced by CM, TD, WEC, ENB, and others, the projection for 2022 is already up a bit over 8% over 2021 - and that does not include dividend reinvestments or further dividend increase announcements from our other companies.

You have a good handle on your dividend plan.  Mine is in a bit of disarray as I get settled in for retirement.  I am thinking I am only going to get about 5% dividend growth if I try to exceed 3 1/2% port yield.