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Dividend Growth Investing: Picking Stocks Or Dividends

Published Wed, 07 Oct 2020 14:32:31 -0400 on Seeking Alpha

Seeking AlphaDividend StrategyDividend Growth Investing: Picking Stocks Or DividendsOct. 7, 2020 2:32 PM ET|| Includes: AAPL, CL, CLX, MKC, O, PG, SBUX, Tby: Rocco PendolaRocco Pendola Portfolio strategy, retirement, dividends, Growth At Reasonable PriceSummaryDividend growth investing has become something like a subculture, particularly here on Seeking Alpha.
Subcultures run the risk of being viewed as cults amid generalizations and mischaracterizations.
This is unfortunate, because DGI is a heck of a club to be part of.
In this article, I open the discussion to discover how dividend growth investors select their positions.
The Wall Street Journal recently published an article about dividend stocks. It's a good article, however I couldn't help but come out of it thinking they lumped all dividend growth investors together.
First, the article pigeonholed DGI to begin with:
For the past decade, dividend stocks were a pretty simple play: Stable stocks that you hold for building wealth or generating income in retirement.
Right. You just go to your broker's drive-through window and say, "Gimme three dividend stocks, a large fry, and medium Coke. And, oh, please make sure all three stocks are 'stable'."
The article goes on to summarize the challenges facing (some) companies that pay dividends and how they might impact investors.
In conclusion, the article, at least, appeared to indicate that nuance exists among the DGI crowd:
Dividend payers in sectors like consumer staples, financials and utilities, which have been relatively stable this year, are also emerging as stocks that investors are turning to for income because of the sustainability of their payouts despite uncertainty.
But, even still, I'm not buying these sectors wholesale. I pick stocks from sectors, based on the company's growth story and its dividend.
Dividend Growth Investing isn't "a pretty simple play"
I sort of regret focusing so much on how dividend growth... Read more

Stock name Last trade   P/E Earnings/Share Dividend/Share Dividend yield
AT&T 38.38   16.1 2.38 2.04 5.43
REALTY INCOME 74.49   56.9 1.31 2.72 3.69
CLOROX 160.20   25.3 6.34 4.24 2.68
PROCTER & GAMBLE 122.77   90.3 1.36 2.98 2.49
COLGATE PALMOLIVE 72.29   27.5 2.63 1.72 2.38
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

AT&T - T
AT&T - T  

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