If you hold a portfolio with the goal of generating income from dividend stocks, working through dividend trackers can save you a great deal of trouble. Trackers take a lot of the grunt work out of calculating your actual returns from dividends. They also help you reinvest any discretionary income you have to compound your interest and grow your portfolio more quickly.
Dividend trackers are especially important for investors with multiple accounts and tax structures. Keeping up with your 401(k), IRA, business and brokerage accounts can become tricky. Why waste time double-checking your math when a good dividend tracker will do all that and more?
Here we take a look at some of the best trackers and their notable characteristics. Choose the platforms that are best for your individual investing needs.
Quick Look: The Best Dividend Trackers
- Best for Dividend Investors: Snowball Analytics
- Best for International Investors: Sharesight
- Best for Beginners: Robinhood
- Best for Portfolio Tracking: Kubera
- Best for Tracking Investments: getquin
- Best for Moderately-Active Traders: Finbox
- Best for Customized Layout and Analysis: Personal Capital
- Best for Dividend Budgeting: Mint
1. Snowball Analytics
Snowball Analytics works well for beginners, professional investors and portfolio managers that need a quality solution for portfolio tracking. You gain several benefits, including:
- In-depth dividend reporting and analysis
- Easy linking to your brokerage accounts
- Automatic updates
- Performance tracking for all your tradable instruments
You can connect automatically with over 1,000 brokers worldwide in the U.S., U.K., Europe and Asia. You can look into pretty much any stock, ETF or mutual fund globally, review crypto performance and make use of a massive array of innovative tools that allow you to see historic and realtime data, informing your rebalancing efforts, allocation of current assets and benchmarking for future review.
You can also join the community on the site to learn more, share ideas and grow as an investor. It’s easy to import data, and even fund managers or financial advisors can utilize this platform to help their clients without spinning their wheels with manual calculations. In short, you can track trends, learn how to handle your portfolio and use Snowball as your one-stop shop for all the investment info you require.
Sharesight is the best overall dividend tracking app for the general public. If you have a general knowledge of the markets with some experience tracking your portfolio, you will feel right at home with Sharesight. The interface balances ease of use with powerful integration and analytical features that help you automate your tracking process smoothly.
The interface here is also extremely attractive. You would never think such a small screen could include so much information so easily, but it does. You can track your dividends even in the most sophisticated of portfolios with ease, comparing them with performance benchmarking and printing out professional reports.
Sharesight factors dividends into your total annualized return, so you get an accurate picture of how you’re really doing and also makes it easy to track dividend reinvestment plans (DRPs/DRIPs). Finally, Sharesight allows you to see upcoming dividends that have been announced. Give it a try for yourself!
Robinhood is one of the most popular trading apps for a reason, and it is not just the snazzy name. This app has built a name for itself by connecting rookie traders to sophisticated strategies through a few clicks. You get real-time progress on stocks you choose to watch with navigation that is actually fun to perform. Alerts inform you every time you receive a dividend. This almost makes up for the lack of an automatic dividend reinvestment program (DRIP) because you can instantly buy the stock you want with the new funds.
You get a dividend history screen that shows you past and future payments, giving you all of the information you need to plan out your portfolio. There are no commissions at all on this platform, so you never have to worry about paying the broker for any mistakes (and you will make some input errors if you are just starting out).
When you use Kubera, you can see more than your dividends. You can see all the financials you have accumulated over time from houses to cars and bank accounts, investment accounts, etc.
You can connect to one of 20,000+ banks using Kubera’s advanced encryption and secure partners, customize your dashboard and make wise decisions about your finances.
Because the platform values everything for you, you can even see what your car should be worth right now—which helps you decide if you should sell, lease, trade in, etc. Moreover, you can set up the “dead man’s switch” that will send the portfolio information to your beneficiary so that they can access all your investments and not worry about missing out on items that should have been left to them.
Founded in 2020, getquin offers investors leading portfolio management tools that help you gain financial independence. Built for new investors, those with a diverse portfolio and dividend investors who wish to track payouts, getquin offers:
- Real-time analysis of your portfolio
- Several free features
- A personal dividend calendar
- Bank-level security features
- High-level financial data
Aside from these unique benefits, you will find that getquin has one of the best communities on the web, allowing you to learn more about your investments, strategies, dividends and assets. Though getquin is new on the scene, it allows you to take money management to a whole new level.
Just because you are an active trader doesn’t mean that you shouldn’t have long-term strategies or long-term portfolios. Finbox can help you if you like dumping your daily wins into less risky buy-and-hold portfolios. You can find stocks that meet that portfolio’s criteria specifically through monitoring their historical data. Add-ons from Google Sheets and other 3rd parties help you easily build financial models.
Finbox is a great tool for traders who don’t want to slow down. As your portfolio changes daily, the real-time assessments that Finbox gives you also modify themselves to your current situation. Once you shovel enough new money in, you have ideas waiting about what dividend-bearing stocks to buy for optimized returns.
7. Personal Capital
Personal Capital is the app for you if you need to track a wide range of investments. No matter what investment vehicle you call home, you can link it to the Personal Capital interface and begin tracking your portfolio’s total progress through a centralized location. Whether you’re in growth career mode or about to retire, Personal Capital makes it easy to customize your layout and cut through to the core analysis.
When you connect your dividend accounts to Personal Capital, you can avail yourself of a full suite of analytical tools, including risk assessment, budgeting and optimization. You can customize tracking for a certain period to drill down into an important time-space or project for the future.
If you want to make your dividend hunt a close-knit part of your budget, there is no better way to do it than through Mint. Mint is a budget app by nature, but it has a very good dividend tracker that you can incorporate straight into your monthly budget. Easily link all of your accounts from the 401(k) to your IRA and Mint will check their performance with the criteria you select.
Mint makes it easy to see how your dividend investments blend in with the rest of your portfolio. If your goal is to save money, you can also optimize your budget to reduce fees. Compare your results to the market benchmark to get an idea of what you should be expecting from your returns as well. Although the dividend tracker is not as fully loaded as some of the other choices on this list, it offers great support for the budgeter who wants to include dividends as a part of the overall plan.
Frequently Asked Questions
How do I track my dividends?
Choose one of the platforms above based on the feature set that most appeals to you. You will be taken through a process to connect your dividend-bearing accounts. From there, you will be able to more easily track your dividends with the rest of your portfolio.
What is the dividend safety score?
Companies are under no legal prerogative to keep their dividends at a certain level. The only reason companies keep their word on dividends is to maintain the goodwill of investors. However, some companies may overpromise and be unable to keep a dividend. Others may be more insidious about the process. If this is the case, you need to know. The dividend score is the likelihood that a company will cut its dividend. It is based on the company’s history of paying dividends, cutting dividends, current health and other important factors. If you know a company’s dividend score, you are more likely to catch it before it cuts a dividend payment.
Can you live off of dividends?
If your capital pot is large enough, you can live off of dividends. If you want to know how much that should be, divide your target annual income by the dividend percentage you expect to receive. For instance:
I want to make $60,000 per year, and I believe I can get a 4% average dividend from my favored dividend-paying stocks. 60000/0.04 = $1.5 million in stocks that I must hold. Keep in mind this is gross, not net. Always consider taxes.