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In September 2011, I did some in-depth research to find long-term sustainable dividend stocks and have been doing updates on this Ultimate Sustainable dividend portfolio since then in the attempt to show how well such a portfolio can perform over the long term. I would personally say that things have been going very well and will certainly continue to evolve. I do have a few more things planned which I will discuss in the near future.

The USDP is obviously a critical part of my now very public quest to replace my job income with passive income. You can see my most recent update here.

The last month was a difficult one for the overall markets but the USDP continued to generate steady returns.

Keep in mind that this portfolio was built by selecting 20 stocks out of thousands. The goal is not to pick the best dividend stocks but rather to pick a diversified, high-quality portfolio that will keep dividends increasing over time.

Here are the holdings as of last night to start off:

P.S: Small note. In early March, one of my holdings, Dover (NYSE:DOV), spun off part of its business, Knowles (NYSE:KN), which I should have included last month, I did this time.

TickerNameSharesApr 14 2014 PriceApr 14 2014 Values
OMCOmnicom Group Inc31$68.87$2,134.97
MSFTMicrosoft Corp73$39.18$2,860.14
JCIJohnson Controls Inc41$46.11$1,890.51
PEPPepsiCo Inc/NC29$83.55$2,422.95
ETNEaton Corp32$71.03$2,272.96
DOVDover Corp25$81.56$2,039
KNKnowles Corp12.5$30.02$375.25
ITWIllinois Tool Works Inc29$81.64$2,367.56
XLNXXilinx Inc38$51.69$1,964.22
SJMJM Smucker Co/The20$95.39$1,907.80

Dividends Received

Ahhh... as great as March is in terms of dividends, April is usually much slower and while I will be earnings over 50% more than the same period last year, it still amounts to only about $18. Ah well... As long as the numbers continue to increase, I certainly can't complain.

Ultimate Sustainable Dividend Portfolio News

Not much to report here as no dividend increases were signaled.

Returns

As would expect, the decline in the overall market in the past month ended up helping my returns when compared with the overall market. I am now slightly above of the S&P 500 total return index (assuming the same investments).

(click to enlarge)

Trades

One thing that I will be doing shortly is probably getting rid of the new Knowles Corp (KN) position which I got through a corporate action. Otherwise, I did end up buying about $1,400 worth of my 2 ETF positions, VWO and BND, which now represent about 10% of my portfolio.

Source: Ultimate Sustainable Dividend Portfolio: April 2014 Update