Thursday, August 23, 2018

What are my dividend portfolio holdings?

As someone who has been publicly investing in dividend growth stocks for over a decade, I have amassed a nice dividend growth portfolio. I have accumulated a diversified position one investment at a time. My dividend income covers my expenses after saving aggressively, reinvesting dividends selectively, and letting the power of compounding do the heavy lifting for me.

As a result, a frequent question I receive is to ask me about my dividend portfolio holdings.
I believe that this question is misguided.

This is because there are a lot of companies I own today, which I would not buy right now for a variety of reasons.

For example, when I bought shares of Visa (V) in 2011 and 2015, they were selling for 20 times forward earnings. However, those shares sell above 20 times forward earnings today, which prevents me from buying them right now. While I hold Visa, I would not buy it today. If those shares are available at 20 times forward earnings, and fundamentals are still intact however, I will be interested in adding to my position in Visa. As an individual investor, you should not really care if I own Visa or not, because the circumstances which caused me to buy in the first place may no longer be present.

In another example, I have bought shares of Procter & Gamble (PG) on several occasions between 2008 and 2013. I believed that the company is strong, and always expected its earnings per share to grow. After several years of stagnant earnings per share however, I stopped adding to the stock. Rising earnings per share provide the fuel behind future dividend increases. Since earnings per share have not increased for a decade now, I would not consider buying Procter & Gamble. Now I will hold on to my shares for years, until they probably cut dividends ( which is not very likely). However I would not be interested in buying the stock today.

As you can see from these examples, asking someone what they own may be misguided.

A much better question could be: What do you find interesting today?

If you are looking for a list of quality dividend paying companies available at attractive valuations, you are in the right place.

My dividend growth stock newsletter invests $1,000/month in 10 quality dividend paying companies that I find to be good values. Subscribers receive a report that includes an analysis for each one of those ten dividend stocks. The report comes out every last Sunday of the month, while the investments are made with real money on the very next day. Subscribers also receive portfolio updates, and are able to observe how I build a portfolio from scratch. In addition, you will also receive real-time alerts when we make investments in the dividend growth portfolio. As a long-term investor, I try to purchase companies to hold for the long run. This is why I am very careful in evaluating fundamentals, valuation and dividend safety in my equity selection process.

The next newsletter will be sent out to subscribers on August 26.

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