How did you track your dividend income ?
I guess we all have ways to keep track on our stocks transaction in order to calculate our return , be it in form of CAGR or XIRR .
But how about dividend income ? as income investor , do you have ways to keep track on your dividend received ?
Concept explained : What is CAGR & IRR by Investopedia
What are the main differences between compound annual growth rate (CAGR) and internal rate of return (IRR)?
The compound annual growth rate, or CAGR for short, measures the return on an investment over a certain period of time. The internal rate of return, or IRR, also measures investment performance but is more flexible than CAGR.
CAGR
The concept of CAGR is relatively straightforward and requires only three primary inputs: an investment’s beginning value, ending value, and the time period. Online tools, including Investopedia’s CAGR calculator, will spit out the CAGR when entering these three values......