Track Your Dividends Review - Is This Tool Worth Using? (2024)

Track Your Dividends is an online platform that helps dividend investors manage their dividend income and find new dividend stocks to invest in. The software is easy to use and offers a free plan for investors who simply want an efficient way to track their dividend payments. Premium subscribers get access to dividend stock research and investment ideas.

So, is this dividend tracking platform right for you? Our Track Your Dividends review will cover everything you need to know.

Track Your Dividends Pricing Options

Track Your Dividends offer a free plan that lets you track dividend payments for a single portfolio or brokerage account. It includes basic portfolio analysis tools and access to Track Your Dividend’s income calculator, but does not offer access to the platform’s investment ideas or screener.

A paid subscription costs $9.99 per month or $99.99 per year. This allows you to connect an unlimited number of brokerage accounts and offers access to all of Track Your Dividend’s research tools. You can try out the Premium plan free for 7 days.

Track Your Dividends Features

Dividend Portfolio Analysis

Track Your Dividends enables investors to create one or more portfolios either manually or by linking a brokerage account. For each portfolio, you can see your total yield and annual income, as well as a breakdown of yield and performance by holding.

Track Your Dividend also offers diversification analysis. You can visualize how your holdings are distributed across market sectors and industries as well as the relative sizes of your positions.

A dividend calendar displays your upcoming dividend payments by month. A table breaks down which stocks your payments are coming from each month.

Income Calculator

Track Your Dividend has a handy income calculator that plots your anticipated dividend growth and annual income over a period of up to 25 years into the future. You can customize the parameters used for the calculation, including dividend growth rate, stock price appreciation, annual contributions, and maximum yield. The chart displays both your total portfolio value and the value of your dividend payments over time.

Dividend Stock Analysis

Premium Track Your Dividend subscribers have access to several features for researching dividend stocks. First, you can search for any dividend stock to get details about its yield, payment history, and payout ratio over time. Each stock receives a dividend safety score on a scale from 0-100 along with quality, value, and trend scores that range from 0-5.

One especially useful feature is the competitor analysis, which plots a company and its competitors on a chart of dividend yield vs. Track Your Dividend’s dividend safety score. You can also compare basic valuation metrics including P/E ratio and current ratio. Additional charts display a stock’s profit margin, return on equity, sales, and net debt over time.

Track Your Dividends also offers several ways to find new dividend stocks to invest in. An ideas list covers dividend kings (50+ years of dividend growth), dividend aristocrats (25+ years of dividend growth), high dividend low volatility stocks, and S&P 500 stocks that pay dividends. A popularity list aggregates data from all portfolios on Track Your Dividends to show what dividend stocks are most popular among users.

Dividend Stock Screener

Track Your Dividend also helps you find dividend stocks to invest in with a dividend stock screener. You can filter stocks by yield, dividend safety score, quality and value scores, payout ratio, and P/E ratio. The screener doesn’t have many advanced filters and doesn’t allow you to screen by years of dividend growth, stock price, or market cap. It is not as advanced as tools like Simply Safe Dividends, but it’s a nice addition to the feature set.

Track Your Dividends Customization and Layout

Track Your Dividends offers unlimited portfolios with a Premium subscription and a single watchlist for all accounts. Free users can get email notifications when a company in your portfolio declares a dividend, while Premium users can also get notifications when dividends are paid or when an ex-dividend date is coming up.

Compatible Brokerages

Track Your Dividends uses Plaid to import portfolio data from most major brokerages. Compatible brokerages include Robinhood, Fidelity, Charles Schwab, TD Ameritrade, E*Trade, Betterment, M1 Finance, and more.

Track Your Dividends Platform Differentiators

There are many free dividend tracking platforms available, so there isn’t much that differentiates the free version of Track Your Dividends from competing services. Track Your Dividends doesn’t have a mobile app, which could push some dividend investors towards mobile-first apps like DivTracker.

However, the Premium subscription adds a lot of value for investors who are looking to build or grow a dividend portfolio. The competitor analysis, stock screener, and ideas lists are all very useful for finding new dividend stocks to invest in. At the same time, notifications for upcoming ex-dividend dates give investors a chance to re-invest in companies they already own.

Track Your Dividends’ Premium subscription is significantly cheaper than a subscription to Simply Safe Dividends, which offers similar dividend stock research and safety scores.

What Type of Investor is Track Your Dividends Best For?

Track Your Dividends is best suited for income investors who want to build or expand their portfolio of dividend stocks. The platform can either be used for free as a basic income tracking tool or as a powerful dividend stock research tool with a Premium subscription. Track Your Dividends’ Premium plan is fairly inexpensive, so it can be worthwhile even for investors who are just starting out with dividend investing.

Pros

• Free plan for tracking dividend payments
• Dividend safety scores for all US dividend stocks
• Customizable dividend income calculator
• Competitor analysis to compare dividend stocks
• Import holdings from most major brokerages

Cons

• No mobile app available
• Dividend stock screener has relatively few filters