If you’re a fan of dividend growth investing like I am, keeping track of your income from your dividend portfolio is essential. Using dividend income tracking software can really save you time and money. Here’s a look at some of the top tools you should consider to manage your portfolio.
**Top 5 Dividend Income Trackers You Should Use**
For every dividend growth investor, having a dividend income tracker is essential. Why? Because watching your dividend income come in regularly can drive you to keep investing, leveraging the power of compound interest. Even small-scale reinvestments can significantly increase your returns over the years.
To invest effectively, it’s important to understand how options trading strategies align with your financial goals. Millionaire Mob has written a book called “Dividend Investing Your Way to Financial Freedom,” which offers resources to help you invest for financial independence. The book covers:
– Improving your portfolio returns
– Weighing the pros and cons of dividend investing
– Crafting your own dividend strategy
– Building wealth through a long-term compound interest plan
**List of Best Dividend Income Trackers**
Saving time and making informed decisions is crucial. These dividend income trackers can help you invest more efficiently and effectively.
1. **Personal Capital**
Personal Capital is a top choice for passive income and dividend income investors. Its industry-leading cash flow tracking allows me to monitor my net worth and all my passive income streams. I’ve linked all my retirement accounts and my after-tax dividend income portfolio there. To get started, all you need to do is link your brokerage accounts and start tracking. You can check your dividend income on various timelines like annually or year-to-date. For example, I made $265.65 in dividend income in the last 90 days on Robinhood using this platform.
2. **Dividend.com**
Dividend.com is a comprehensive resource for all things related to dividends and dividend growth investing. It features an Ex-Dividend Date Search tool which helps investors find stocks that are going ex-dividend within a certain period. Owning these stocks before their ex-dividend date is essential to receiving the dividend payment.
3. **Robinhood**
Robinhood is very user-friendly for tracking dividends. Many find following dividends through conventional brokerages complicated, but Robinhood keeps it straightforward. Its history section shows both upcoming and past dividends. You can sign up and get a free share of stock.
4. **Microsoft Excel**
Excel is a reliable tool that gives you total control as you input data directly. By entering dividend amounts from your brokerage accounts, you can use Excel to forecast future dividends based on current annual yields. I’ve made a similar Excel sheet to plan forecasted dividend income, which can help if you’re planning on sustaining yourself with dividends.
5. **Finbox**
Finbox provides great tools for investors, like screeners and models, and it’s free. While it’s not a full-on free dividend tracker, it’s loaded with features that can help you succeed. I’ve even used it to track portfolios like Warren Buffett’s.
**Conclusion on Dividend Income Tracking Software**
Using a dividend income tracker can help you maintain a stable and strong portfolio. It saves you time tracking your investments and helps prevent surprises like dividend cuts. Plus, there’s motivation in seeing your income accrue, giving you more capital to invest. Start building your dividend portfolio today.
What are your thoughts on these dividend portfolio trackers? Are there any you already use? I’d love to hear from you!