Dividend Income

How Am I Planning To Earn Rs 360000 Per Year From Dividend?

How Am I Planning To Earn Rs 360000 Per Year From Dividend?

Hi, this post is supposed to be more of a personal note or a goal for myself, but I am sharing it publicly and sharing my plan. This plan is a step towards generating enough passive income to replace my paycheck from my job eventually. And this earning has to have some certainty, regardless of the market goes up or down. I am not a trader; I do not know the first thing about stock trading. I know some stuff about analyzing a company, and I can analyze probability based on facts I have on my hand. I am sharing this plan to earn from dividends because I am yet to implement it entirely, and after living through a recession with my portfolio, I am a bit more confident that this plan will work for you and me. And this is a simple plan so that anyone can implement this. For now, the target is to generate three lacs of 60 thousand Per Year From the Dividend and eventually grow that to a more significant amount.

I started buying and selling stocks in 2008. Unfortunately, I was unsure what to buy or why, so I was late to the game, and I started building a portfolio after 2017. I have lost money in stocks, I have made some profits too. But, better days are ahead since I am wiser now and patient with my portfolio.

So, How am I Planning to Earn 3.6 lacs per year From Stock Dividend?

I will share the list and quantity of shares I will need to make 360000 Per Year From Dividends. I want to make this amount from dividends from stable businesses, which will be there in 50 years and probably will go up. The station comes to mind, will this income be steady? There would be a high probability, better than trading stocks. Still, the only challenge is that one will need knowledge of valuing a business or company. It needs capital, unlike trading, where one can start with 5000 rs and a zero brokerage trading account with espresso.

Script NameQuantityDividend Per ShareTotal
12502025000
ITC1000010100000
SJVN500002100000
Marico10001010000
Colgate5004020000
Cochin Shipyard10001515000
Garden Reach100055000
Maz Dock100055000
Rites25002050000
Embassy REIT10001515000
Brookfield REIT10001515000
Mindspace REIT10001515000
Coal India10001010000

The scripts mentioned above will help me reach my goal. Few more points to remember, these are not only stocks I have, but I have also invested in some growth companies, and I will not buy these at any price. REITs are not exactly equity instruments; they are more debt-like instruments. I doubt that Coal India will survive 50 years in its current form.

This was more to show you that it is possible to generate predictable and stable dividend income with a stock portfolio, which would be passive income worth more than three lacs Per Year From the Dividend. I would suggest you come up with a plan and implement that. If you do not understand stocks or companies, then do not follow this plan.

Whether Shareholders Can Modify The Rate Of Dividend Recommended By Directors If So In What Way?

The board of directors has a fiduciary duty to take a decision considering the best interest of shareholders. That is their only job. Assuming you want to change the dividend amount recommended, whatever might be the reason, it is unlikely that enough shareholders would like that. The promoter will have a controlling stake; if there is no promoter with a controlling stake, the majority shareholders have to speak up.

I Have Not Got The Dividend From Infosys Then Whom To Contact And How?

Not just Infosys, if you have a similar issue with any stock, go to their site, check the section for “Investors,” and you will have a piece of contact information for a person who will be able to help.

I Have Not Got The Dividend From Infosys Then Whom To Contact And How

How To Change My Savings Account For Receiving Dividend?

It is pretty simple once you know how to contact the company secretary. Like I said above, go to the investor section, and you will find the information to contact the company secretary. You can ask them. If your share is not in Demat and physical form, then this might be your best option. If your stock is already in Demat, then you have provided a canceled check to your broker, and they will update the account for you. Whichever account you link, the dividend will come to your primary account (if you have multiple accounts linked).

How To Generate Monthly Income Through Dividend?

There is no stock or listed company that pays dividends monthly. Yet, I think, you can generate monthly income through dividends. As long as you have a target of what amount you want to generate yearly from dividends, you will need to select dividend-paying stocks. Stocks or dividend-paying stocks usually distribute the dividends yearly once or twice. And the other instruments you will need to buy are ReITs and InVits. These are trusts and usually pay every quarter. Real estate investment trusts, Infrastructure trusts pay regular income. You will need to collect all this cash and keep it in the overnight fund, then just withdraw the amount as you would if it was ppension.

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About the author

Hi,
I am Abhiroop. I started working in IT services industry in the year 2007. I have worked in 3 continents. Currently, I live and work in the USA. While blogging was one of my hobbies that I picked up in college, I fell in love with the stock market in the year 2014. I purchased my first stock in 2008, and I sold them all after 2009. I did not know the power of compounding. Which was a HUGE MISTAKE. I intended to help everyone understand why we need to invest in stocks, hence I started this blog.

You can visit my LinkedIn page here https://www.linkedin.com/in/abhiroop85/

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