Friday, November 4, 2016

October 2016 Progress Report

Once again it is time for a goals/progress update. I am pleased to report that annualized dividend income increased last month, extending the streak to 49 consecutive months of increases. As noted in the June 19, 2015 post,  I changed to reporting on total dividend income instead of just income from my Dividend Growth Portfolio beginning in July 2015.

Since I began tracking my total income progress, annualized dividend income has increased in 49 of the last 49 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):

- Community Trust Bancorp, Inc. (CTBI) $0.31q>$0.32q
- Illinois Tool Works Inc. (ITW) $0.55q>$0.65q
- Realty Income Corp (O) $0.2015m>0.2020m

For the year, the Dividend Growth Portfolio has recorded a 4.35% increase in dividend income from higher dividends. My goal for the year is a 5.0% increase. Yield on cost is currently 4.85%.

There were no sales in October.

Portfolio Allocation

 75.8% Dividend Growth Stocks
 08.9% High-Yield
 00.7% High Dividend Growth
 14.3% Debt & Preferred Stock
 00.3% Precious Metals

My long-term target allocation is:

 60.0% Dividend Growth Stocks
 10.0% High-Yield
 10.0% High Dividend Growth
 15.0% Debt & Preferred Stock
 05.0% Precious Metals

Year-To-Date Annualized Portfolio Returns

+10.4% Dividend Growth Stocks
+05.3% High-Yield
+20.8% High-Growth
+09.0% Core-20
+03.3% Debt & Preferred
+05.8% S&P

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 November.

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

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(Photo: Arcelia Vanasse)

Tags: O, CTBI, ITW,