Ron and Patty Thomas
It's been a few months since I updated my dividend growth portfolio. While I wish I could say I've been too busy doing summer things, that is only part of the story.
The market has been
My Dividend Growth Portfolio - End Of Summer Update
Summary
- My dividend growth portfolio saw minor purchases, mainly in ADP, Snap-on, PepsiCo, J&J, CME Group, Visa, and Starbucks, amid a generally uninspiring market.
- Amdocs was a notable purchase due to its consistent dividend growth, strong earnings, and expansion into high-growth sectors.
- Portfolio goals include growing income by 10% annually with reinvestment, and guidelines focus on quality companies, sustainable payout ratios, and sector diversification.
I spent 20 years in the natural resource sector in project development, project management, and business development. I typically invest in dividend growth stocks, although I do have an large investment property portfolio. In the past I have invested using momentum strategies, option strategies, and focused on growth stocks. However in 2009 I converted almost entirely to dividend growth investing as I found this was most in line with my investing goals, and allowed me to sleep easy at night! While I "retired" at 42, so I could be home to take my daughter to school, pick her up, and attend her events every day. My many areas of investing allowed me to do this relatively comfortably, although time will tell if I stay retired. UPDATE: I recently accepted a position, not because I had to, but because I wanted to. It's amazing the difference work is when you are choosing to be there, rather than having to work.
Analyst’s Disclosure: I/we have a beneficial long position in the shares of DOX, MSFT, TXN, PM, LMT, SBUX, V, AOS, KR, UPS, CMCSA, NXST, HD, LOW, PEP, ADP, SNA, CME, JNJ 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.
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