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%.
Sales:
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 Stocks09.0% 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.
Related Articles
- Are You Patient Enough To Be Wealthy? These 7 Dividend Stocks Will Help You Wait
- Three Keys For Successful Dividend Growth Investing
- 5 Exceptional Dividend Growth Stocks With Quality Financials
- 10 High-Yielding Dividend Aristocrats Not Afraid to Raise Their Dividends
- 8 Dividend Stocks With A Quick Payback
(Photo: Arcelia Vanasse)
Tags: MMM, ED,
