I am planning to share with you on a monthly basis my dividend growth portfolio. I will update it at the beginning of each month. You can see my portfolio using the menu button. This post will offer a shortlist of the changes in the past month.
Magellan Midstream Partners (MMP)– I bought more shares of this fantastic MLP. The company just raised its dividend by 1.9%. As Brad Thomas says, the safest dividend is the one that was just raised. With dividend yield close to 5%, fair leverage and sustainable payout ratio, it is a great choice in the sector.
Nike (NKE)– Nike is a new position in my portfolio. I wanted to own this company for very long time. As it reached the lower 50s, I decided to pull the trigger. I have now a small position, which I am ready to enlarge if Mr. Market will give me a chance. Great growth, great fundamentals, and while the yield is low, it has plenty of room to grow.
Medtronic (MDT)– Medtronic is a company that I really like. I analyzed it in Seeking Alpha together with its peers. While it is still a small position, I hope to add some more on dips. I added more to this position. It is a leading company, and I look forward to add more.
United Technologies (UTX)– Just like I did with Medtronic, I took advantage of an opportunity, and bought some more. I would like UTX to be a much larger holding in my portfolio, as it is one of the leaders of its sector. I believe that less than $100 is a good price for long term investors.
I didn’t sell any stock in October, which is a great sign. It means that there was no dividend cut this month.
However, I did sell some put options for Wells Fargo (WFC), Starbucks (SBUX) and Citigroup (C). If the price goes down to the strike price, I will gladly buy it, if not, I will just enjoy the premiums.
|Sector||Company||Ticker||Dividend Yield||% of portfolio||% of income|
|Information Technology||Apple Inc.||AAPL||1.99%||1.77%||1.05%|
|Health Care||Abbott Laboratories||ABT||2.58%||2.07%||1.60%|
|Financials||Bank of America Corporation||BAC||1.77%||2.09%||1.11%|
|Health Care||Becton, Dickinson and Company||BDX||1.58%||0.52%||0.24%|
|Consumer Discretionary||Carnival Corporation||CCL||3.01%||0.48%||0.43%|
|Consumer Discretionary||The Walt Disney Company||DIS||1.51%||2.90%||1.31%|
|REIT||Digital Realty Trust, Inc||DLR||3.83%||2.46%||2.82%|
|Industrials||Emerson Electric Co.||EMR||3.85%||2.41%||2.78%|
|Industrials||General Electric Company||GE||3.21%||2.65%||2.55%|
|Consumer Staples||General Mills, Inc.||GIS||3.16%||1.56%||1.48%|
|Information Technology||Alphabet Inc.||GOOG||0.00%||0.82%||0.00%|
|Information Technology||International Business Machines Corporation||IBM||3.65%||0.95%||1.03%|
|Health Care||Johnson & Johnson||JNJ||2.77%||5.95%||4.93%|
|Consumer Staples||Kimberly-Clark Corporation||KMB||3.23%||1.76%||1.70%|
|Consumer Staples||The Coca-Cola Company||KO||3.32%||3.03%||3.02%|
|Consumer Discretionary||McDonald’s Corporation||MCD||3.35%||3.46%||3.47%|
|Health Care||Medtronic plc||MDT||2.12%||1.25%||0.79%|
|Energy||Magellan Midstream Partners||MMP||4.91%||1.75%||2.58%|
|Consumer Staples||Altria Group Inc||MO||3.79%||3.98%||4.51%|
|Industrials||Norfolk Southern Corporation||NSC||2.58%||1.79%||1.38%|
|REIT||Realty Income Corp||O||4.10%||1.70%||2.09%|
|REIT||Omega Healthcare Investors Inc||OHI||7.87%||1.60%||3.76%|
|Consumer Staples||PepsiCo, Inc||PEP||2.82%||3.84%||3.24%|
|Health Care||Pfizer Inc.||PFE||3.69%||0.67%||0.74%|
|Consumer Staples||The Procter & Gamble Company||PG||3.09%||1.78%||1.65%|
|Consumer Staples||Philip Morris International Inc||PM||4.34%||5.91%||7.68%|
|Information Technology||Qualcomm Incorporated||QCOM||3.02%||1.44%||1.31%|
|Consumer Discretionary||Royal Caribbean Cruises Ltd||RCL||2.82%||0.49%||0.41%|
|Consumer Staples||Target Corporation||TGT||3.55%||1.95%||2.07%|
|Financials||T. Rowe Price Group||TROW||3.38%||0.66%||0.67%|
|Industrials||Union Pacific Corporation||UNP||2.48%||1.28%||0.95%|
|Industrials||United Technologies Corporation||UTX||2.64%||1.03%||0.81%|
|Information Technology||Visa Inc||V||0.81%||1.69%||0.41%|
|Consumer Discretionary||V.F. Corporation||VFC||3.09%||1.12%||1.03%|
|Energy||Valero Energy Corporation||VLO||4.08%||0.61%||0.74%|
|Telecom||Verizon Communications Inc||VZ||4.76%||1.20%||1.71%|
|Utilities||Wisconsin Energy Corp||WEC||3.40%||1.20%||1.22%|
|Financials||Wells Fargo & Co||WFC||3.28%||3.49%||3.42%|
|Consumer Staples||Wal-Mart Stores, Inc||WMT||2.86%||1.15%||0.99%|
|REIT||W. P. Carey Inc.||WPC||6.57%||1.42%||2.79%|
|Energy||Exxon Mobil Corporation||XOM||3.45%||2.68%||2.77%|