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First 2019 Update To Steve's Dividend Portfolio And Strategy For Replacing My Salary With Dividend Income

Published Fri, 17 May 2019 09:30:00 -0400 on Seeking Alpha

On ugly days like Monday, when the Dow finished down $617.38 and the Nasdaq finished down $269.92, it makes me even more thankful for dividends. I have been constructing a dividend portfolio outside of my wife and my 401Ks and trading accounts. I add to the dividend portfolio by selling positions in our trading accounts and reallocating the profit and putting new capital to work. My goal is to supplement as much of our income as possible in retirement, with income from dividends prior to social security and distributions for our 401Ks. At 37, I plan on working for another 30-35 years and continuing down this path by expanding my dividend portfolio from a combination of stocks and ETFs.
Why do I have a split allocation between ETFs and stocks?
It wasn't intentional to have such an even split between ETFs and stocks in my dividend portfolio. It just ended up that way. As a long-term investor, I plan on encountering many corrections in addition to bear and bull markets. I have ETFs as part of my dividend strategy because many of them pay a quarterly dividend, they take the single stock risk out off the table, and many have between a 2% and 3% dividend, while some exceed 3%, and one or two exceed 4%. I also like the exposure that some of the ETFs provide in markets I am just not as familiar with but want exposure to, including Emerging Markets and Foreign Developed Markets. You can defiantly create a sound dividend strategy from investing in quality stocks such as @DividendSensei,... Read more

Stock name Last trade   P/E Earnings/Share Dividend/Share Dividend yield
CHESAPEAKE ENERGY 1.79   3.1 0.58 0.00 19.13
TANGER FACTORY OUTLET CENTERS 16.50   21.4 0.77 1.42 8.35
BP 37.67   14.3 2.64 2.44 6.45
ENBRIDGE 34.70   19.7 1.76 2.21 6.38
FORD MOTOR 9.41   17.1 0.55 0.60 6.37
ENTERPRISE PRODUCTS 28.68   12.4 2.31 1.76 6.13
DOMINION RESOURCES 78.54   53.8 1.46 3.67 4.77
KIMBERLY-CLARK 133.58   25.8 5.18 4.12 3.14
VANGUARD HIGH DIVIDEND YIELD ETF 89.75   0.0 0.00 0.00 2.79
PROCTER & GAMBLE 122.77   90.3 1.36 2.98 2.49
STARBUCKS 92.06   32.6 2.82 1.44 1.59
GENERAL ELECTRIC 9.26   0.0 -2.15 0.04 0.44
AMAZON.COM 1843.55   76.5 24.10 0.00 0.00


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