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While this was a short trading week due to the markets being closed on Friday, several announcements helped the market move higher. Personal spending in the U.S. increased by 0.8% MoM in February, which was its largest gain since January
Dividend Harvesting Portfolio Week 161: $16,100 Allocated, $1,430.49 In Projected Dividends
Summary
- US consumer spending increased by 0.8% MoM in February, the largest gain since January 2023.
- The Dividend Harvesting Portfolio finished week 161 with a balance of $18,205.27, up 13.08% on invested capital.
- The portfolio is generating $1,430.49 in forward dividend income, with a yield of 7.86%.
I am focused on growth and dividend income. My personal strategy revolves around setting myself up for an easy retirement by creating a portfolio which focuses on compounding dividend income and growth. Dividends are an intricate part of my strategy as I have structured my portfolio to have monthly dividend income which grows through dividend reinvestment and yearly increases. Feel free to reach out to me on Seeking Alpha
Analyst’s Disclosure:I/we have a beneficial long position in the shares of MO, VZ, KHC, BTI, BST, ARCC, UTG either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Disclaimer: I am not an investment advisor or professional. This article is my own personal opinion and is not meant to be a recommendation of the purchase or sale of stock. The investments and strategies discussed within this article are solely my personal opinions and commentary on the subject. This article has been written for research and educational purposes only. Anything written in this article does not take into account the reader’s particular investment objectives, financial situation, needs, or personal circumstances and is not intended to be specific to you. Investors should conduct their own research before investing to see if the companies discussed in this article fit into their portfolio parameters. Just because something may be an enticing investment for myself or someone else, it may not be the correct investment for you.
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