If you’re a dividend investor looking to watch and manage your portfolio, you’ve come to the right place. There are hundreds of dividend tracking apps out there, but we narrowed down our list to seven of the best. These tools offer everything from portfolio management to real-time stock price alerts. They even include calculators to help you figure out how much money you’ll make if you sell your shares today.
You’ll find that each of these dividend trackers offers a different set of features, so pick one based on what you want to do with your portfolio. For example, some allow you to add new investments, while others let you monitor your existing positions. Some provide charts and graphs, while others don’t. You can use some of these tools for free, but most require a subscription fee.
Best Dividend Tracker in Canada
There are many different types of dividend tracking software programs out there. Still, some people don’t like manually entering data into a spreadsheet every month. Fortunately, it doesn’t take long to find a solution that works well for most investors.
Sharesight is a stock portfolio tracking app that helps you keep tabs on your dividends going back up to 20 years. With Sharesight, you can easily monitor your dividends, analyze your performance and compare it to others. This includes tracking your total return and seeing how much you’ve earned or lost since you bought your shares.
Sharesight outshines competitors in its ability to give you tax information regardless of where you live. So whether you’re living abroad or want to know what happens to your dividends if you move to another country, Sharesight ensures you don’t miss out on any taxes.
You can choose whether to invest in multiple portfolios or focus on one. If you decide to go with multiple portfolios, you’ll be able to manage each separately and keep track of their performance. In addition, you can switch between currencies without having to reenter your data.
If you have an extensive portfolio, you’ll likely need to subscribe to a premium account to unlock features such as viewing dividends in USD and EUR. But you won’t have to worry about paying anything extra because Sharesight gives you free access to all the tools you need.
Top Free Dividend Tracker Tools
You can test out the above Sharesight for free for a few holdings, but the free dividend trackers don’t have the same amount of features as paid ones.
If you need a free dividend tracker, we’ve reviewed them to find the ones with the most usable features.
Investors are always looking for ways to save money on trading fees, commissions and taxes. One low-cost alternative is investing in dividend stocks. For example, there are many dividend tracking apps out there. These tools allow investors to monitor dividends paid by companies they hold in their portfolios. But how do they compare? Let’s take a look.
ShareTracks – Free
ShareTracks is another oldie but goodie. While it lacks many of the bells and whistles offered by newer products, it does boast a clean interface and easy navigation. Plus, you can download your portfolio history for free.
When it comes to dividend tracking, there are many different ways to go about doing it. Some people prefer to use Excel, while others like to use a simple spreadsheet. Here we’ll take a look at how to do both. We’ll focus on dividends from companies listed on the TSX/NYSE composite index.
Let’s say that you want to track a few shares of a particular stock and know where those dividends come from. You might find yourself looking through several different financial statements over a period of time, trying to figure out exactly what happened to that money.
If you’re starting, you might feel overwhelmed with manually calculating each dividend payment. Or maybe you already have a spreadsheet set up, but you’d like to add some extra functionality. Either way, let’s take a look at how you could do it semi-manually.
Why Use a Dividend Tracker
There are many different investment tools available, but dividend investors drive portfolio performance through dividend income and dividend reinvestment plans. This is why they need a dedicated dividend tracker.
A dividend tracker is an application or online tool that helps you track and manage your portfolio. They are helpful because they allow you to easily monitor and analyze your dividends without going through each stock.
Most paid stock portfolio tracker tools track dividends
As you grow your investment portfolio over time, keeping tabs on your performance becomes increasingly difficult. This is especially true when you’re managing several different stocks or ETFs. With a dividend tracker, you can automate certain tasks such as recording dividends paid and reinvesting dividends into additional shares.
Apart from tracking dividends, a good dividend tracker will also help you find out whether a particular stock is likely to increase, decrease or stop paying dividends. These features make dividend trackers great tools for identifying high-potential stocks and those already generating strong returns.
You don’t have to spend hours every month trying to calculate your returns manually. Instead, a dividend tracker allows you to set up automatic rebalancing rules and invest automatically. In addition to helping you save time, a dividend tracker can also help improve your overall return on investments. By automating some of your routine tasks, you’ll be able to focus on what matters – growing your wealth.
Link Your Portfolio
If you’re looking for a way to keep up with all of your financials without spending hours every month entering data into spreadsheets, there are some great tools out there for you. These apps make keeping track of your accounts easy and even automate certain tasks such as paying bills. For example, I use Mint to manage my finance and investments and QuickBooks Online to handle my small business accounting.
I’ve been using software to help me track my income and expenses since I started investing over 20 years ago. Then, I used paper ledgers and a simple calculator to track my net worth. Today, I can track virtually everything online, thanks to modern technology.
So, whether you’re interested in tracking your dividends or want a better way to organize your finances, check out these four apps to see how they can simplify your life.
How to Track Your Dividend Portfolio
If you want to know how much money you’ll receive each month from your investments, there are plenty of options. One option is to use an online tool like Shareholder Pro, which provides easy access to information about your portfolio. Another option is to download one of the many dividend tracking tools out there. These apps let you track what stocks you own and keep tabs on upcoming dividends.
See All Your Dividends in One Place
Tracking your dividends used to be quite a task. First, you had to manually enter each dividend payment into a spreadsheet, calculate how much you received, and add up those payments over time. Then you had to go back and do it again every month. And if you missed one, you just had to start over. Today, tracking your dividends is easier than ever, thanks to Sharesight. This cloud-based software allows you to track your dividends across multiple accounts and automatically update your records whenever you make a deposit. All you have to do is sign up for a free account and follow the prompts. After that, it takes seconds to record each transaction. Once you’re done, you can view your data online or download it to Excel. With Sharesight, there’s no waiting for your bank to send you statements – you can see exactly what you’ve earned today, tomorrow, next week, and beyond.
The Dividend Channel recently launched a free tool called Dividends Now. This tool allows investors to see upcoming dividends as soon as the companies announce them to the market. You can view upcoming dividends by stock symbol, industry sector, and region. In addition, you can choose to receive email notifications whenever there is a change to your portfolio.
The Dividends & Interest Report allows you to see all your dividends, distributions, and interest payments over any period, broken up by local Canadian and foreign sources. You can export the report to PDF, Excel, or Google sheets or share secure access to it with your accountant.
CRA tax reporting
The Canada Revenue Agency (CRA) recently announced that it would require Canadians to report capital gains and dividends on their tax returns starting next April. This change applies to anyone who owns stocks, bonds, mutual funds, ETFs, life insurance policies, annuities, real estate, collectibles, art, precious metals, and other investments worth $5,500 or more. If you don’t file your taxes by April 30th, you could face penalties and interest charges.
In addition, there are some exemptions for people who fall into specific categories. For example, seniors 65+ and those receiving social assistance benefits aren’t required to report capital gains or dividends. There are also some exceptions for farmers, fishers, and others whose businesses depend heavily on agriculture, fishing, forestry, hunting, or trapping. Also exempt are students enrolled in full-time education programs, including graduate degrees, and self-employed individuals who earn less than $30,000 per year.
If you qualify for one of these exemptions, you won’t have to report capital gains or pay taxes. However, you still need to keep track of how much money you make each year, even if you’re not filing a return. You might want to consider investing in a software program like TurboTax or TaxAct Pro Plus, which allows you to enter information about your earnings and expenses directly onto your tax form.
Investors often ask how much their dividends could potentially grow over time. Dividends are typically reinvested into the company, which increases the value of your shares. This means that the amount of money you receive each month is directly correlated to the growth of your investment. You can use our tool to see what your potential dividend growth might look like over the next five years or ten years.
You can also find out how different factors affect your dividends, such as whether the company pays a regular quarterly dividend or a special annual dividend. To help you understand it all, we’ve included a chart showing how dividends compare across major asset classes.
With TradeStation Dividend Tracker, you can see how much money you’ve earned over the years. You can even track your dividends back to the beginning of 2000. This feature makes it easy to keep tabs on your total earnings without manually entering each transaction into your account. And since you can view your entire history, you’ll never miss out on a single dollar again!
Reinvested Dividends (DRIPs)
The Dividend Reinvestment Plan (DRP) is one of the most popular ways to invest in companies that pay out regular cash distributions to shareholders. A DRP allows you to reinvest those dividends into shares of the same company automatically. This is great because it eliminates any tax liability associated with dividends received. However, there are times when you want to take advantage of a special stock price and buy shares of a company that pays out a dividend. If you do decide to sell shares of a company that offers a DRP, you must wait 30 days before doing so. In addition, you cannot use the proceeds from selling shares of a company that provides a DRP to purchase additional shares.
You can easily track your DRP investments and see how much you have invested over time. First, log in to your account and select the DRP option under the Investing tab. Then choose the DRP plan you wish to follow (e.g., dollar cost averaging, percentage of earnings). Next, enter the number of shares you purchased each month and the total value of all purchases since inception. Finally, click the Calculate button to view your progress.
As you can imagine, our dividend portfolio consists of single dividend stocks and index ETFs, critical drivers of our passive income stream. In addition, our dividend portfolio consists of dividend-producing companies and high-yielding stocks, so our dividend portfolio can generate dividends at a reasonable rate of return.
For this reason alone, we choose to invest in Canadian stocks with the highest dividend payouts to ensure our dividend income is stable and grows consistently. To build a monthly dividend-paying stocks portfolio, you can check my Canadian Dividend Calendar and pick some dividend stocks from the list.
Since companies that pay dividends tend to have good cash balances, they can be considered financially stronger than companies that do not pay dividends. That means some investors may think they’ll retain their value in a downturn, which tends to make them favoured by investors with a low-risk appetite. One way to help increase the stability of your portfolio when deciding on your investment strategy is to invest in reputable companies with a track record of paying dividends.
However, the company’s track record of paying dividends does not guarantee that it will continue to pay dividends in the future. Nevertheless, many market analysts agree that more than 40% of total stock market returns have come from dividends. With such an impressive historical performance, it’s easy to see why dividends have become so important in investing. In addition, the world’s best value investors have long understood the power that dividends can bring.
Best Tracker for Dividend Investors in Canada
Once you have accumulated enough new money, you will have ideas for which dividend stocks to buy to optimize earnings. But, first, you will find great dividend stocks; as a result, you will also need a proven tool for tracking your stock portfolio in Canada with a history of dividends per share, month or year.
The best part is keeping track of your dividends when you start your dividend investing journey. Track Your Dividends is a free dividend tracking tool that you can use to track your overall portfolio performance and how diversified your dividend portfolio is. It offers a dividend tracker where you can keep track of all stocks, as well as a diversification chart that shows you how diversified your portfolio is. In addition, it provides a dividend calendar to help you track when dividends are paid and access to a community discussing dividend stocks.
The free version offers unlimited dividend tracking, multiple portfolio support, linked bank accounts, diversification, tracking, upcoming dividend tracking, future value forecasting and dividend alerts. In addition, features like search alerts, dividend increases and decreases, monthly summaries of my stock changes, and a new section that provides summaries of my stocks and research metrics make it easier to track the market.
Our members’ proprietary tools, such as the Dividend Analyzer, Screener, Ranking and more, enable financial investors to make their own informed equity investment decisions. You can easily track your dividends in even the most complex portfolios by comparing them with performance benchmarks and printing professional reports. In addition, Sharesight counts dividends as part of your total annual income, so you get an accurate picture of where you are and makes it easy to keep track of your dividend reinvestment plans (DRP/DRIP).
Finally, Sharesight allows you to see upcoming declared dividends. Robinhood, one of the most popular stock trading platforms today, will enable you to track your dividends. Finally, Finbox is a “toolbox” designed to help you navigate every step of the investment process, but you can also use it to track dividend payments.
Why Choose Dividend Stocks?
Stock valuation is essential in building your portfolio and tracking dividends to get a complete picture of your account. You also need to understand what’s in your portfolio and what it means for your business, such as your exposure to different industries or dividend income from your investments.
When it comes to planning retirement, you want to know how many dividends you can earn in a year or month. This dividend tracking table will help you track your annual forward dividend yield (or expected compensation over the next 12 months, give or receive, depending on whether you invested before the dividend payout date). In addition to tracking dividend yields, a good dividend tracking tool can also help you identify stocks you might want to add to your portfolio and give you insight into companies willing to increase, decrease, or cancel dividend payments.
Additionally, an excellent dividend-paying stocks tracker can help you identify stocks to add to your portfolio and alert you to stocks you already own that may have their dividend cut or liquidated. If your portfolio is designed to earn income from dividend stocks, using a dividend tracker can save you a lot of trouble. It can be challenging to control stock returns as your portfolio grows. However, you don’t need to spend much time manually calculating profits.
Keep your portfolio in one place using a platform or app designed specifically for dividend stocks, which will make it easier for you to keep track of stocks and the dividends everyone pays. Tracking dividend stocks is easy if your entire portfolio is held in one account.
If yes, you probably know how difficult it is to track and manage a portfolio of multiple high-dividend stocks. However, if you’re new to dividend investing, picking individual stocks may not be the best option.
The dividend ETF list is a great place to start researching for those looking to buy individual stocks. Many other best Canadian dividend ETF lists have everything available. If you want to start investing in dividends, an excellent way to start is to see what other dividend investors are investing in, or you can start by checking out these top 5 Canadian dividend stocks. The Global CCC List is a non-recurring publication that tracks publicly traded companies with a history of increasing their dividends through SDS (Attractive Dividend Stocks).
Dividend Power is a self-taught investor and blogger dedicated to dividend growth stocks and financial independence. He was recently ranked in the top 4% of over 8041 financial bloggers by TipRanks (an independent analyst monitoring site) for his articles on Seeking Alpha. In addition, the column “Seven Lessons I’ve Learned as a Dividend Investor” (tgam.ca/DfGj) has received much feedback over the past few weeks.
A dividend tracker is a web application or platform that you can track and manage your portfolio of multiple dividend-paying stocks. Another way to track future dividend yields very accurately, down to ex-dividend dates and exact dividend payout dates, is to use Dividend Predictor’s dividend tracking app.