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How To Harden Your Dividend Growth Portfolio Against Dividend Cuts

Published Mon, 17 Jul 2017 11:10:00 -0400 on Seeking Alpha

In a recent article, I looked at how an investor's income would have suffered during the financial crisis, after many Dividend Aristocrats cut their dividends. In this article, I'll show how a safer income focused portfolio, consisting of Dividend Aristocrats, could have been built.

The list of Dividend Aristocrats in 2007 looked like this:
Abbott Labs (NYSE: ABT) Archer Daniels Midland (NYSE: ADM) Automatic Data Processing (Nasdaq: ADP) Avery Dennison (NYSE: AVY) Bank of America (NYSE: BAC) BB&T Corporation (NYSE: BBT) Bard (C.R. Bard) Inc. (NYSE: BCR) Becton, Dickinson (NYSE: BDX) Anheuser-Busch (NYSE: BUD) Chubb (NYSE: CB) Compass Bancshares Cincinnati Financial (Nasdaq: CINF) Clorox (NYSE: CLX) Comerica (NYSE: CMA) CenturyLink (NYSE: CTL) Dover (NYSE: DOV) Consolidated Edison (NYSE: ED) Emerson Electric (NYSE: EMR) Family Dollar Stores First Horizon National (NYSE: FHN) Fifth Third Bancorp (Nasdaq: FITB) Gannett (NYSE: GCI) General Electric (NYSE: GE) W.W. Grainger Inc. (NYSE: GWW) Johnson Controls (NYSE: JCI) Johnson & Johnson (NYSE: JNJ) KeyCorp (NYSE: KEY) Kimberly-Clark (NYSE: KMB) Coca-Cola (KO) Leggett & Platt (NYSE: LEG) Eli Lilly & Co. (NYSE: LLY) Lowe's (NYSE: LOW) McDonald's (NYSE: MCD) 3M Company (NYSE: MMM) Altria (NYSE: MO) M&T Bank (NYSE: MTB) Nucor (NYSE: NUE) PepsiCo (NYSE: PEP) Pfizer (NYSE: PFE) Procter & Gamble (NYSE: PG) Progressive (NYSE: PGR) PPG Industries (NYSE: PPG) Regions Financial (NYSE: RF) Rohm... Read more

Stock name Last trade   P/E Earnings/Share Dividend/Share Dividend yield
CENTURYLINK 13.53   0.0 -7.43 1.00 7.94
ALTRIA GROUP 44.46   13.2 3.36 3.36 7.23
GANNETT 10.82   98.4 0.11 0.64 5.89
COMERICA 64.76   8.3 7.79 2.68 4.18
KEYCORP 18.03   10.7 1.68 0.74 4.08
REGIONS FINANCIAL 16.25   10.1 1.61 0.62 3.87
PFIZER 37.28   17.0 2.19 1.44 3.85
LEGGETT PLATT 42.18   19.6 2.15 1.60 3.82
BB&T 52.79   13.1 4.04 1.80 3.51
ARCHER-DANIELS-MIDLAND 41.45   17.8 2.33 1.40 3.47
FIFTH THIRD BANCORP 28.03   9.5 2.94 0.96 3.44
FIRST HORIZON NATIONAL 16.46   9.2 1.79 0.56 3.42
3M 170.58   20.6 8.28 5.76 3.41
CONSOLIDATED EDISON 90.19   21.4 4.21 2.96 3.31
WALGREENS BOOTS ALLIANCE 55.56   10.9 5.10 1.83 3.22
STATE STREET 60.27   10.9 5.51 1.88 3.20
SYNOVUS FINANCIAL 37.56   11.1 3.39 1.20 3.16
KIMBERLY-CLARK 133.58   25.8 5.18 4.12 3.14
NUCOR 53.69   7.6 7.09 1.60 3.04
EMERSON ELECTRIC 64.71   18.4 3.52 1.96 3.02
COCA-COLA 55.11   33.6 1.64 1.60 2.94
JOHNSON & JOHNSON 130.43   21.6 6.03 3.80 2.93
PEPSICO 137.29   15.2 9.02 3.82 2.81
CLOROX 160.20   25.3 6.34 4.24 2.68
U.S. BANCORP 55.73   13.1 4.25 1.48 2.65
M&T BANK 156.79   11.2 13.98 4.00 2.58
PROCTER & GAMBLE 122.77   90.3 1.36 2.98 2.49
BANK OF AMERICA 29.67   10.6 2.80 0.72 2.45
TARGET 108.94   18.0 6.04 2.64 2.43
JOHNSON CONTROLS 44.30   6.7 6.57 1.04 2.42
JOHNSON CONTROLS INTERNATIONAL 44.30   6.7 6.57 1.04 2.42
ELI LILLY 111.47   14.0 7.97 2.58 2.32
MCDONALDS 212.15   27.9 7.61 4.64 2.21
AVERY DENNISON 113.00   41.1 2.75 2.32 2.04
DOVER 99.67   24.4 4.08 1.96 2.02
CINCINNATI FINANCIAL 113.24   15.3 7.41 2.24 2.00
GRAINGER, W.W. 293.60   20.0 14.65 5.76 1.98
ADP 160.41   30.6 5.24 3.16 1.92
LOWES COMPANIES 113.88   35.6 3.20 2.20 1.91
VF CORP 90.35   31.6 2.86 1.72 1.91
CHUBB 160.10   19.6 8.15 3.00 1.88
STANLEY BLACK & DECKER 147.12   31.3 4.70 2.76 1.87
WAL-MART STORES 116.92   26.3 4.44 2.12 1.83
ANHEUSER-BUSCH INBEV 97.47   25.9 3.76 1.67 1.77
PPG INDUSTRIES 118.21   23.3 5.08 2.04 1.74
ABBOTT LABORATORIES 85.21   52.3 1.63 1.28 1.54
SLM 9.26   7.4 1.25 0.12 1.29
BECTON DICKINSON 262.15   92.0 2.85 3.08 1.18
SHERWIN-WILLIAMS 538.95   43.3 12.44 4.52 0.87
PROGRESSIVE 76.98   14.0 5.50 0.40 0.53
GENERAL ELECTRIC 9.26   0.0 -2.15 0.04 0.44
BARD, C.R. 333.19   43.9 7.59 1.04 0.31
SUPERVALU 32.49   98.4 0.33 0.00 0.00
 

CENTURYLINK - CTL
CENTURYLINK - CTL  


Older articles featuring Centurylink (CTL):
August 2020 Dividend Portfolio Update
The Retiree's Dividend Portfolio - Jane's June Update: Record Dividends During COVID-19
June Portfolio Dividend Update
The 8% Dividend Sleeve
The Retiree's Dividend Portfolio - Jane's May Update: Following The Gameplan
The Retiree's Dividend Portfolio - Jane's April Update: Looking More Like A Return To Normalcy
Play Defense With High Dividends: Buy Verizon, 4.3% Yield And Upside
S&P 500 High Yield Gains And Upsides Augured For May
March 2020 Dividend Portfolio Update: A Month To Remember
February 2020 Dividend Portfolio Update

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