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Nicholas Ward's Dividend Growth Portfolio: February 2020 Update

Published Sat, 07 Mar 2020 05:35:45 -0500 on Seeking Alpha

The value of my holdings decreased by 8.01% during February, outperforming the broader markets.
My dividend income stream was up 12.9% y/y.
I made 14 trades during February: 13 purchases and 1 sale.
Another month in the books; another step towards financial freedom.
Actually, speaking of dividend growth, February was the perfect sort of month to remind me why I love dividend growth investing so much. Admittedly, my net worth decreased in a meaningful way as the market sold off in the final days/weeks of February. However, neither fear nor panic invaded my peace of mind. A focus on my passive income stream allowed me to maintain my cool, focus on the fundamentals of my holdings and the stocks on my watch list, and avoid the fear running amok in the markets. During February, I made 14 trades. Yet, only one of them was a sale (and that sale involved locking in massive profits on what appeared to be an overvalued stock so that I could redeploy the funds into other high quality names with much higher dividend yields and much lower valuations).
When I think about market sell-offs, I think about this chart provided by J.P. Morgan Asset Management.

Source: JPM Market Insights
I’ll never forget the first time I saw this chart. It spoke volumes to me. Thankfully, by the time that I came across this data, I had already established a successful track record in the market, so the data didn’t cause me to doubt myself as a money manager. But, this graphic did inspire guilt and remorse.
When thinking about this graph, I often wonder whether or not the “Average Investor” returns are calculated accurately. I acknowledge that this is exactly the sort of chart that an asset manager would produce when attempting to persuade retail investors to pay for their services. For a while now, I’ve felt as if professional managers are oftentimes deceitful when attempting to convince a mom or pop investor that it is impossible for them to do well on their own.... Read more

Stock name Last trade   P/E Earnings/Share Dividend/Share Dividend yield
INVESCO 17.26   11.8 1.46 1.24 7.28
ALTRIA GROUP 44.46   13.2 3.36 3.36 7.23
ENBRIDGE 34.70   19.7 1.76 2.21 6.38
ABBVIE 70.83   26.0 2.72 4.28 6.28
AT&T 38.38   16.1 2.38 2.04 5.43
DOMINION RESOURCES 78.54   53.8 1.46 3.67 4.77
WP CAREY & CO 88.72   31.4 2.83 4.14 4.73
IBM 143.62   14.8 9.68 6.48 4.47
BROOKFIELD INFRASTRUCTURE PARTNERS LP 47.35   1.0 0.03 2.01 4.25
VERIZON COMM 60.43   15.8 3.83 2.46 4.04
PFIZER 37.28   17.0 2.19 1.44 3.85
NATIONAL RETAIL PROPERTIES 54.39   35.8 1.52 2.06 3.81
REALTY INCOME 74.49   56.9 1.31 2.72 3.69
AVAGO TECHNOLOGIES 300.58   37.1 8.11 10.60 3.60
3M 170.58   20.6 8.28 5.76 3.41
BRISTOL-MYERS SQUIBB 49.61   13.1 3.80 1.64 3.38
DIGITAL REALTY 126.53   116.1 1.09 4.32 3.38
QUALCOMM 79.08   28.0 2.82 2.48 3.15
UNITED PARCEL SERVICE 122.56   22.4 5.47 3.84 3.14
BLACKROCK 434.75   16.5 26.34 13.20 3.08
FEDERAL REALTY INVESTMENT TRUST 135.76   40.4 3.36 4.20 3.00
AMGEN 194.00   15.4 12.62 5.80 2.95
COCA-COLA 55.11   33.6 1.64 1.60 2.94
JOHNSON & JOHNSON 130.43   21.6 6.03 3.80 2.93
CISCO SYSTEMS 49.93   19.2 2.60 1.40 2.85
PEPSICO 137.29   15.2 9.02 3.82 2.81
DIAGEO 166.57   0.0 0.00 4.22 2.57
ILLINOIS TOOL WORKS 159.85   21.5 7.45 4.28 2.54
INTEL 53.01   12.4 4.29 1.26 2.43
TEXAS INSTRUMENTS 130.22   23.8 5.47 3.08 2.42
HOME DEPOT 233.80   23.3 10.04 5.44 2.33
BOEING 375.63   44.0 8.54 8.22 2.22
UNITED TECHNOLOGIES 137.46   22.4 6.13 2.94 2.20
MEDTRONIC 110.38   33.8 3.27 2.16 2.01
HONEYWELL INTERNATIONAL 168.63   17.9 9.44 3.28 1.93
LOWES COMPANIES 113.88   35.6 3.20 2.20 1.91
COMCAST 46.97   17.9 2.62 0.84 1.81
STARBUCKS 92.06   32.6 2.82 1.44 1.59
MCCORMICK 157.81   30.8 5.13 2.28 1.46
APPLE 223.08   19.0 11.73 3.08 1.42
MICROSOFT 137.52   27.1 5.07 1.84 1.35
WALT DISNEY 137.50   17.3 7.93 1.76 1.30
NOVO NORDISK A/S 49.67   20.8 2.39 0.64 1.28
BROOKFIELD ASSET MANAGEMENT 53.61   18.4 2.92 0.64 1.22
DOMINO'S PIZZA 246.79   27.5 8.96 2.60 1.07
NIKE 87.67   35.2 2.49 0.88 1.01
VISA 177.98   34.2 5.21 1.00 0.57
MASTERCARD 276.40   42.6 6.49 1.32 0.48
NVIDIA 184.27   41.6 4.43 0.64 0.35
AMAZON.COM 1843.55   76.5 24.10 0.00 0.00
GOOGLE 1234.25   24.9 49.54 0.00 0.00

INVESCO - IVZ
INVESCO - IVZ  


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