12-24-2021, 08:03 AM
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.
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.