Friday, April 8, 2016

March 2016 Progress Report

Once again it is time for a goals/progress update. I am pleased to report that annualized dividend income increased in January, extending the streak to 42 consecutive months of increases. As noted in the June 19, 2015 post, in July 2015 I changed to reporting on total dividend income instead of just income from my Dividend Growth Portfolio.

Since I began tracking my total income progress, annualized dividend income has increased in 42 of the last 42 months.

Dividends Growth Stocks Portfolio

Dividend Changes:
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):

- 3M Company (MMM) $1.025q>$1.11q
- Consolidated Edison, Inc. (ED) $0.65q>$0.67q

For the year, the Dividend Growth Portfolio has recorded a 1.54% increase in dividend income from higher dividends. My goal for the year is a 5.0% increase. Yield on cost is currently 4.70%.

In March, I sold a portion of my CVX position at a loss. CVX was sold to offset the gains generated from the sales of PNY and GAS.

Portfolio Allocaton

 76.3% Dividend Growth Stocks
 09.0% High-Yield
 00.8% High Dividend Growth
 14.0% Debt & Preferred Stock

My long-term target allocation is:

 50.0% Dividend Growth Stocks
 10.0% High-Yield
 10.0% High Dividend Growth
 30.0% Debt & Preferred Stock

Year-To-Date Annualized Portfolio Returns

+6.4% Dividend Growth Stocks
+3.9% High-Yield
+8.2% High-Growth
+0.4% Debt & Preferred
+1.3% S&P

For the last two calendar years my Dividend Growth Stocks Portfolio outperformed the S&P 500. Since 2008, the portfolio has outperformed the S&P 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 May.

Full Disclosure: Long, all the aforementioned securities, except CVX, PNY, GAS. See a list of all my Dividend Growth Stocks Portfolio holdings here.

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(Photo: Arcelia Vanasse)

Tags: MMM, ED,