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Dividend Portfolio Update

Dividend Stock List

Dividend-Portfolio-300x199The 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?

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I'm a dividend growth investor who is aiming to retire in 7 years at the age of 45. My goal is to live off the income my dividend portfolio and rental property produce exclusively and leave the corporate rat race. I hope you will join me in this journey!

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  • Dividend Empire May 20, 2015, 4:53 pm

    $42k invested in the first year is incredible – great work! We share a lot of the same positions, 9 to be exact. My number one position right now is MSFT since I got in before the recent spike. I’m looking to add MIC or ADM in the near future.

    Ken

  • Blake May 20, 2015, 5:32 pm

    Hi Ken,

    9 positions shared… they say great minds think alike!

    I also got into MSFT a bit before it jumped up as well. It was a decent value then… I wouldn’t buy it now.

    I’ll study MIC a bit more. They didn’t raise their dividend in 2013 and it looks as if they’ve been issuing quite a few new shares the last 2 years. Defiantly worth more research!

    Thanks again for stopping by!

  • Dai Jan 23, 2016, 2:31 pm

    Thank you for updating your dividend portfolio. I was surprised to see how many shares you own. I am nothing compared to you. I have just purchased a little amount of JNJ, MET, BIP, HCP, WMT(50 shares) Sadly, I am low income family so not much choice but trying to invest in dividend stocks to retire happily ever after. I also have not sold my mutual funds yet should have done when I transferred from HSBC to RBC and to TD. I might sell even loonie is weak.

    • Blake Jan 25, 2016, 9:14 am

      Hi Dai,

      You got some good ones there… keep picking up the good deals as they pop-up. As they say, slow and steady wins the race.

      Great to hear from you again, keep me updated!

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