I can’t believe it! Half of 2013 is already past us. Things have been going pretty well the first half of this year. The market has been going up and up. I’ve been doing a good job consistently adding more capital to my portfolio to buy more dividend growth stocks. I’m well on my way towards reaching my 2013 goals.
2013 Goal Progress
My main goal for 2013 was to contribute an additional $8,000 towards my dividend growth investing portfolio. I’m pleased to announce that I am slightly ahead of schedule half way through the year. So far I have contributed $4,336 towards my dividend growth portfolio this year.
As of June 30, 2013, I have 15 companies in my dividend growth portfolio. Eventually my goal is to own around 35 dividend growth stocks. I believe this will be a good amount of companies to own for diversification purposes, protecting my income stream should any company falter.
Below you can see a table of my current portfolio:
|Ticker||Name||% Portfolio||Dividend Yield||Yield on Cost|
|DE||Deere & Co||8.40%||2.53%||2.53%|
As you can see I have a pretty good mix of different kinds of companies. There are retail, financial, oil, tobacco, toys, restaurants, beverages, technology and others.
My largest holdings are Aflac and Walgreen’s. My smallest positions are in Coca Cola and General Electric. This isn’t by design. This is because I make purchases in companies that I believe to be the best value at the time which has given me an uneven balance in my portfolio.
I am OK with this as long as one weighting doesn’t become too heavy. As I build my portfolio up to about 35 companies, I will prefer to keep any one companies weighting below 5%.
So far this year, I have made 5 new purchases in my portfolio. I added to my positions in Aflac, ConocoPhillips and Deere & Co. I have started up new positions in Lorillard and Wells Fargo.
Through the first 6 months of 2013, my portfolio has paid me a dividend income of $256.90. My total return for the portfolio has been 13.75%.
As for dividend growth:
- Deere & Co. has increased their dividend by 10.87%.
- General Electric has increased their dividend by 11.76%.
- Hasbro has increased their dividend by 11.11%.
- Coca Cola has increased their dividend by 9.80%.
- Wal-Mart has increased their dividend by 18.24%.
I am very pleased with the increases these companies have made to their dividends this year. I will look for the other companies in my portfolio to grow their dividend rates sometime in the second half of the year. Remember my main criteria for investment is annual increases in the dividend.
Overall I’m pretty pleased with the performance of my portfolio so far this year. I’m surprised to notice that I have only bought 2 completely new companies to my portfolio and I will probably look to initiating positions in more new companies the second half of 2013. Most likely I will look to increasing the amount of positions in my portfolio up to around 20 by the end of the year.
I am happy with my overall returns for 2013 so far as well as my dividend growth. My biggest goal is increasing the amount of dividend income I recieve from my portfolio. So far my dividend income stream is growing nicely as companies raise their payments and as I accumulate more shares.