Dividend Books

Jul. 30, 2012 8:09 PM ET
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Contributor Since 2010

Sorry I hide my true identity but I'm a physicist/engineer, native contrarian and idea generator (so Silicon Valley is the natural habitable area for me and I love climate but hate traffic in this part of California). I invested in contrarian/value stocks from the mid-nineties (oh boy it was XX century) without serious success. Therefore, I switched to dividend growth investing /DGI/ in 2006 due to the eureka moment caused by Lowell Miller's book "The single best investment: creating wealth with dividend growth".  From that time I am an eclectic dividend investor with motto "In God We Trust, All Others Pay Cash" applied to companies I invest in. The goal was to exceed my average annual expenses with dividends before retirement, and to have inflation-proof income as a retiree. I did achieve this goal in about a dozen years. Dividends I collect from numerous companies around the globe are about 150% of my average annual expenses.

I like to read /and read a lot - did you look on my SA photo 8-)? / including popular and academic investment books and papers. After 200+ investment books and perhaps even large number of papers I concluded that many (but not all) finance academics failed to delivery a good science because they usually are more concerned about match between their models and limited (in time and place) data-sets than about underlying assumptions of their models (that are often too naive from physicist point of view). On another hand, finance practitioners such as fund managers have different goals than I (for example, they want to outperform or replicate market each single year while my goal is to have good moderate inflation-proof income from my investment and I don't worry to under-perform in a bull market) and to some extend more limited in their choices than I (for example, with micro- and nano-cap stocks). It gives a chance for me as amateur investor to compete successfully with professionals in niche strategies such as global dividend investment (see e.g. http://seekingalpha.com/instablog/725729-sds-seductive-dividend-stocks/266502-why-i-m-a-dividend-zealot-jan-31-2012 although the same ideas and facts were re-used few times in better-written SA articles).

My personal portfolio consists of more than 200 dividend growth (DG) and high yield (HY) stocks of high quality companies with good histories of dividend payments. I also oversee some family members portfolios, so totally we invest in almost 600 different dividend stocks /about 50% US and the rest from 6 continents - we are open to invest into good companies in Antarctica and any planet within 120 light years from the Earth if they pay dividends 8-)/. We all understand that

a) double taxation (that should be forbidden IMHO) theoretically works against dividend investing (but I guess market adjust stock prices for dividend payers vs. other companies);

b) DGI is mostly trust in company's Board of Directors consistency and willingness to increase dividends while HYI is mostly disagreement with market sentiment;

c) no fast money are possible from HYI and especially from DGI, although we rarely use some short-time opportunities (e.g., dividends rain during 2012 Fiscal Cliff);

but both above-mentioned styles fit my mentality and we share the same goal that I specified back in 2006 across all portfolios. 

My investor edges are

i) patience as well as independence in time frames and market exposures forbidden for many finance practitioners;

ii) critical scientific approach (used in natural science rather than in liberal sciences) to finance academics' ideas and strong selection between useful and worthless findings;

iii) proprietary forecast of dividend reductions in about a year ahead delivered from mix of finance data, engineering hardware reliability ideas, some physics concepts with behavior signals;

iv) willingness invest in dividend companies that are too small for institutional investors.

I rather put my thoughts and ideas in SA blog-posts (https://seekingalpha.com/user/725729/instablogs#instablogs)  and in comments than in articles (I'm pretty busy/lazy/English-incompetent to perfect a good smoothly-readable article) but in all cases all standard disclaimers are applied. One of good things I have learned in Intel R&D, that decision should be data driven. So I try to supply my ideas and thoughts with most relevant data. I love Russian playwright Anton Chekhov's principle "Brevity is the sister of talent" and think it is even more important nowadays with ocean of information in front of any investor. So, I try to follow this principle in my SA blog posts and comments but please remember that "If I have more time, I would have written shorter". Being a scientific journals referee I have a bad habit to find few weak points in almost any manuscript, so I probably too critical in some comments but I hope the article authors excuse me and agree that "veritas" is not only "in vino" but rather in the discussions.

I prefer communicate via SA email rather than inside comments (I usually turn off "Track new comments on this article" SA's feature). So send me a SA email if you have a question or would like to discuss my point of view.

There are several books related primary with stock dividends (bold are good):

The single best investment : creating wealth with dividend growth
Miller, Lowell

Get Rich with Dividends: A Proven System for Earning Double-Digit Returns
Marc Lichtenfeld

The dividend growth investment strategy: how to keep your retirement income doubling every five years
Klugman, RoxAnn.

Dividends don't lie : finding value in blue-chip stocks
Weiss, Geraldine

The Dividend Connection : How Dividends Create Value In The Stock Market / Geraldine Weiss & Gregory Weiss

Relative dividend yield : common stock investing for income and appreciation / Anthony E. Spare with Nancy Tengler.
Relative Dividend Yield : Common Stock Investing For Income and Appreciation / Anthony E. Spare with Paul Ciotti (NEW EDITION)

Dividends and dividend policy
H. Kent Baker (Editor)

The ultimate dividend playbook : income, insight, and independence for today's investor
Peters, Josh.

The dividend rich investor: building wealth with high-quality, dividend-paying stocks
Joseph R. Tigue

All about dividend investing : the easy way to get started
Schreiber, Don

The Strategic Dividend Investor / Daniel Peris

Buying Dividends: High Returns From Capturing Dividends by Fred Fuld III

The Dividend Investor: How to maximise your income by investing in shares / Rodney Hobson

David Van Knapp (use latest edition)

The Power Curve: Smart Investing Using Dividends, Options, and the Magic of Compounding by Scott G. Kyle

New Era Value Investing: A Disciplined Approach to Buying Value and Growth Stocks
Nancy Tengler

The Standard & Poor's guide to building wealth with dividend stocks
Joseph R. Tigue [e-book]

The Standard & Poor's guide to long-term investing
Joseph R. Tigue

Beating the S&P with dividends: how to build a superior portfolio of dividend yielding stocks
O'Shea, Peter.

Dividend Stocks For Dummies
Lawrence Carrel

Dividends Still Don't Lie: The Truth About Investing in Blue Chip Stocks and Winning in the Stock Market
Kelley Wright

The Little Book of Big Dividends: A Safe Formula for Guaranteed Returns
Charles B. Carlson and Terry Savage

Dividend Capture
Barbara, L Minton

The 100 best dividend-paying stocks to own in America
Walden, Gene.

The dividend investor: a safe, sure way to beat the market
Knowles, Harvey C

Income investing today: safety and high income through diversification
Lehmann, Richard

Dividend Reinvestment Plan by Jordan Naoum

The Dividend Investor's Guide by Norman Roberts

Dividend Yield by Frederic P. Miller, Agnes F. Vandome and John McBrewster

Be a Dividend Millionaire: A Proven, Low-Risk Approach That Will Generate Income for the Long Term by Paul Rubillo

Dividend Investing: A Step By Step Guide to Get Rich: DRIP, DSPP, Folio, Motif, Betterment by Neal Gupta

Dividend Portfolio: You can do it by Neal Gupta

Value Line Dividend Select December 2012 by David M. Reimer, Ian Gendler, Warren Tabachnick and Tina Sher

Dividend Growth: Freedom Through Passive Income Canadian Edition by Mike Heroux

How to Make Money in Dividend Stocks: Everything You Need To Get Started in Income Investing (The Art & Science of Investing) by Edward Croft, Ben Hobson and Dave Brickell

Dividends: Pros, Cons, Sources, and Strategies by Devin Hobbes

The Dividend Millionaire: Investing for Income and winning in the stock market by Alex Nkenchor Uwajeh

<updated 1/17/2013>

As you can see from my photo 8-) I do like to read books, so if you publish a book on dividend investing send me a copy and I might review it in my SA blog and at Amazon.

What did I miss?- your suggestions are welcome

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