The time has finally come to discuss my current dividend portfolio. As I’m just beginning down the path of strict dividend growth investing, you will see some definite holes in the sector allocations that I have chosen to invest in initially.
There haven’t been many opportunities (or I didn’t recognize the opportunities at the time) to buy these sectors at undervalued prices yet. At the moment, the financial and pharmaceutical sectors are clearly absent from my holdings.
Here is the link to my dividend portfolio.
The building of this portfolio has taken a little less than a year. You’ll see that I have had a few holdings for a little longer, AT&T (T) & Duke (DUK), for example. The rest have been added within the last 9 months.
Fortunately, it hasn’t taken very long to redirect my investing strategy to one of strict dividend growth. While I still have holdings in mutual funds that I will eventually sell, the vast majority of the dividend stock portfolio are income producing stocks.
In the portfolio spreadsheet, I have included the current yield on cost as well as the portfolio average weighted yield. I have also included the current yearly dividend income produced by the dividend portfolio.
At the time of this writing, the dividend portfolio has 20 positions and making almost $1,100 a year in dividend income off a total value just over $42,000. This is not bad for the first year, and it is definitely enough motivation for me to prove the merits of this dividend growth strategy.
You may also notice I have a large percentage of the portfolio in cash. A good bit of the cash is accounted for with limit orders. I have 4 positions with buy orders waiting on the “right price”.
Unfortunately, with this market continuing up, my limit orders are getting further and further away from reality. Or, the market is moving further and further from reality. I guess only time will tell.
Do we share any holdings? Are there any Dividend Growth and Income stocks you are seriously considering purchasing right now? What’s the number one position in your portfolio?