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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 | |||||||