Question 1

What is a dividend tracker?

Accepted Answer

A dividend tracker is a tool that helps you monitor your dividend income from stocks and ETFs. It tracks payment dates, yields, annual income, dividend growth, and portfolio diversification. DividendPro is a free dividend tracker that requires no brokerage linking — your data stays private.

Question 2

How do I track my dividends?

Accepted Answer

You can track dividends by adding your stock holdings to a dividend tracker like DividendPro. It automatically calculates your yield, annual income, payment schedule, and yield on cost. You can also use our DRIP calculator to project future compounded returns and our income calculator to plan retirement income goals.

Question 3

What is DRIP (Dividend Reinvestment Plan)?

Accepted Answer

DRIP (Dividend Reinvestment Plan) automatically uses your dividend payments to buy more shares of the same stock instead of receiving cash. This compounds your returns over time - the new shares earn their own dividends, which buy more shares. Most brokers offer commission-free DRIP.

Question 4

How much money do I need to live off dividends?

Accepted Answer

To generate $50,000 per year in dividend income at a 4% yield, you would need approximately $1,250,000 invested. For $30,000/year, you need about $750,000. The formula is: Portfolio Needed = Annual Income Goal ÷ Dividend Yield. Higher yields require less capital but may carry more risk.

Question 5

Is DividendPro free?

Accepted Answer

Yes, DividendPro offers a free forever plan that lets you track up to 10 stocks with DRIP calculator, yield-on-cost tracking, and Dividend Aristocrats list access. Premium plans starting at $7/month unlock unlimited stocks, AI-powered analysis, and advanced screeners.

Question 6

What are monthly dividend stocks?

Accepted Answer

Monthly dividend stocks pay dividends every month instead of quarterly. Popular monthly payers include REITs like Realty Income (O), AGNC Investment Corp (AGNC), and Main Street Capital (MAIN). They are popular with income investors who want regular monthly cash flow.

Dividend Basics

What is a Dividend?