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)

Sales
3M - $106.20



Intrinsic Dividend Changes
CN Rail - $25.30 (quarterly dividend increased 14.7% from 37.5 cents to 43 cents)
Kinder Morgan - $2.00 (quarterly dividend increased 2.8% from 36 cents to 37 cents)


Summary
December 2012 Annualized Dividend: $4458.18

+ $188.16 (from new purchases)
-  $106.20 (from sales)
+   $27.30 (from intrinsic changes)

January 2013 Annualized Dividend: $4567.44
End of 2013 Goal: $4700 to $5000
Whisper Goal: $5500

YTD Dividends Received: $310
2013 Dividends Received Goal: $4200
Whisper Goal: $4600

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