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A Real Dividend Growth Machine: 2019 Mid-Year Portfolio Review

Published Thu, 11 Jul 2019 19:25:58 -0400 on Seeking Alpha

The purpose of this article is to review my investing progress in the first half of 2019. I follow a value-oriented dividend growth investing strategy that involves buying attractively valued stocks of companies that consistently pay and grow their dividends. I have two long-term investing goals:
Build a sustainable and rising dividend income stream that beats inflation. Preserve and grow my capital by attaining a satisfactory total return on my investments. In this article, I will provide an update on my progress toward achieving these goals since my previous review. As always, I will be presenting real results from a real portfolio involving real money.
I want to elaborate on that last point before jumping into the review. I recently read an article promoting a new dividend service in Seeking Alpha’s Marketplace. As part of the pitch, the authors showed the results of a model portfolio over the past 25 years, highlighting its outperformance of a proxy for the S&P 500 index. Here are some ways in which my results differ from theirs:
My results reflect a real (not model) portfolio involving real money. Stocks can only be bought when there is money available to invest. Orders really have to be executed. Transaction fees exist. Taxes have to be considered (for stocks held in my taxable account). Portfolio decisions have actual consequences. My results are real, not the output of a back test involving survivorship bias. Moreover, my results come from... Read more

Stock name Last trade   P/E Earnings/Share Dividend/Share Dividend yield
ALTRIA GROUP 49.45   15.1 3.28 3.20 6.46
ABBVIE 68.32   19.6 3.49 4.28 6.09
AT&T 33.26   12.4 2.68 2.04 6.05
CVS CAREMARK 56.23   0.0 -0.44 2.00 3.48
BLACKROCK 471.00   17.7 26.55 13.20 2.74
TEXAS INSTRUMENTS 117.18   21.3 5.51 3.08 2.57
TD AMERITRADE HOLDING 50.37   14.2 3.55 1.20 2.37
GENERAL DYNAMICS 183.55   16.5 11.10 4.08 2.19
RAYTHEON 178.25   16.6 10.73 3.77 2.12
UNITEDHEALTH GROUP 266.65   20.7 12.88 4.32 1.62
FEDEX 165.05   89.2 1.85 2.60 1.55


Older articles featuring Altria Group (MO):
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My Dividend Growth Portfolio: Q2 2019 Summary
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Dividend Income Update: June 2019
Dividend Champion And Contender Highlights: Week Of July 7
My Dividend Growth Portfolio Q2 Update: 41 Holdings, 8 Buys, 8 Sells
The Best Dividend Stocks To Buy In A Potentially Volatile July
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