Since I began publicly tracking my progress in November 2007, annualized dividend income has increased in 88 of the last 90 months.
Beginning next month, I will start reporting on progress based on my entire income portfolio. Why the change? As it stands now, my Dividend Growth Portfolio is over-allocated. If I were to sell a portion of the portfolio and transfer it to another portfolio (High-Yield, High-Growth, Debt/Preferred, etc.), the portfolio's income would suffer a decline when in fact the decline was nothing more than an allocation out. Ultimately, what matters is growing total income from all portfolios.
I did not start tracking total income until September 2012, so that will be my base period. Since September 2012 when I began tracking total income, annualized dividend income has increased in 33 of the last 33 months.
Dividends Growth Stocks Portfolio
During the month the following securities in my Dividend Growth Portfolio paid a higher dividend (a=dividend stated in annual terms, q=quarterly, m=monthly):
- General Dynamics Corporation (GD) $0.62q>$0.69q
- AbbVie Inc. (ABBV) $0.49q>$0.51q
- Colgate-Palmolive Co. (CL) $0.36q>$0.38q
- People's United Financial Inc. (PBCT) $0.165q>$0.1675q
- The Procter & Gamble Company (PG) $0.6436q>$0.6639q
- Alerian MLP ETF (AMLP) $0.2925q>$0.2955q
For the year, the Dividend Growth Portfolio has recorded a 3.6% increase in dividend income from higher dividends. My goal for the year is a 5.0% increase. Yield on cost is currently 4.78%.
In May I liquidated my position in OMI at a double-digit gain.
Year-To-Date Annualized Portfolio Returns
- Dividend Growth Stocks: -2.1%
- High-Yeld: -0.4%
- High-Growth: 7.5%
That's it for this time. The next monthly progress update will be in early July.
Full Disclosure: Long, all the aforementioned securities, except OMI. See a list of all my Dividend Growth Stocks Portfolio holdings here.
- 5 Best U.S. Dividend Growth Stocks
- 5 Low P/E Value-Stocks, Yielding 2% Or Higher
- How Much Money Will You Need To Retire?
- Seeding A Forest Of Dividend Growth Stocks
- 7 Stocks With A Strong Cash To Dividend Coverage
(Photo: Arcelia Vanasse)
Tags: GD, ABBV, CL, PBCT, PG, AMLP,