Tuesday, February 5, 2013

Dividend Growth Portfolio, January 2013

New year! New beginnings! Time to re-evaluate the portfolio. One of my goals in 2013 is to drive more dividend growth while maintaining current yield levels.

Dividend growth investment opportunities are essentially split into 4 categories.
1. Low current yield + low dividend growth
2. High current yield + low dividend growth
3. Low current yield + high dividend growth
4. High current yield + high dividend growth

I've ordered these from least preferable to most preferable in terms of long term total returns. This basically means I need to reduce investments that fall into first two categories, in favor of ones that fall into categories 3 and 4. These kind of investments are truly the gems.

By following me as I update my portfolio activity and dividend status each month, you can see how I execute my strategy to achieve that goal. In 2012, my portfolio had intrinsic dividend growth of 12%. I aim to beat that in 2013.

New Purchases
General Dynamics - $183.60
Scotiabank - $4.56 (DRIP reinvested shares)

3M - $106.20