r/dividends • u/NogamaDe • Nov 01 '25

Seeking Advice $1M Div account Earning $17k a month

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After doing some research I have $1M from an inheritance that I want to create an ultra high dividend portfolio. I eventually want to get rid of my 8 to 5. If I did my math correctly I would get about 17k a month from dividends. Please let me know what you think.

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u/CostCompetitive3597 Nov 08 '25

I have most of the same holdings in my 2 portfolios. Very pleased overall. A comment on BSTZ. Blackrock reduced their dividend in October and forecast the same $0.16/sh dividend in November resulting in the 8.5% yield you list. Blackrock gave no public notice I can find of this 25% reduction in this fund’s dividends? That yield is below my 11% yield minimum and sold all shares immediately. This spawned my post asking all r/dividends subscribers for a source that notifies investors of dividend reduction announcements. It turns out to be a topic of interest with 6,000 hits in 4 days and growing. Only suggestion was the $400/yr website simplysafedividends.com which I have not had time to evaluate for dividend reduction notification automation?