Since I began tracking my total income progress, annualized dividend income has increased in 50 of the last 50 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):
- Texas Instruments Incorporated (TXN) $0.38q>$0.50q
- Northwest Natural Gas Co. (NWN) $0.4675q>$0.47q
For the year, the Dividend Growth Portfolio has recorded a 4.51% increase in dividend income from higher dividends. My goal for the year is a 5.0% increase. Yield on cost is currently 4.81%.
In November, I sold my entire position in HCP and QCP at a large loss (including dividends it was nearly breakeven). As a result of HCP spinning off QCP, the company cut its dividend and as a result it no longer met the criteria of my Dividend Growth Stocks Portfolio.
Portfolio Allocation75.6% Dividend Growth Stocks
00.8% High Dividend Growth
13.3% Debt & Preferred Stock
00.3% Precious Metals
My long-term target allocation is:
60.0% Dividend Growth Stocks
10.0% High Dividend Growth
15.0% Debt & Preferred Stock
05.0% Precious Metals
Year-To-Date Annualized Portfolio Returns
+14.6% Dividend Growth Stocks
+01.3% Debt & Preferred
For the last two calendar years my Dividend Growth Stocks Portfolio has outperformed the S&P 500. Since 2008, the portfolio has outperformed the S&P 500 five of the eight years. Click here for more information on historical performance.
That's it for this time. The next monthly progress update will be in early January.
Full Disclosure: Long, all the aforementioned securities. See a list of all my Dividend Growth Portfolio holdings here.
- 7 Dividend Stocks With A Low Payout Ratio
- 5 Dividend Stocks Beating the S&P With Positive Returns In Excess of 50% YTD
- Income Annuities vs. Dividend Stocks
- 8 Select High-Yield S&P 500 Dividend Stocks
- Your Greatest Wealth Building Asset
(Photo: Arcelia Vanasse)
Tags: TXN, NWN,