Dividend Growth Forum

I wrote this a few weeks ago, and it is still pretty accurate.  I tend to write about our portfolios from time to time.  Next time is when we have our dividends in or know for the year, the year over year dividend increase, and, after the end of the total return for 2021.

Of course, my two Canadian banks, TD and CM have increased their dividends since this was initially written.

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I own VZ among those and I replied, writing, "I own VZ. I enjoy reinvesting the oversized and Very Safe dividends into mid-yield, higher dividend growth equities and a fund."

So I took a look at our portfolio from a different angle. 14 our 26 positions are above what I would call mid-yield today. Twelve are in what I would call mid-yield: 3.26% to 2.34%. Not all of those are higher dividend growth. In fact, the two Canadian banks have not increased for a year or more, but their regulators just gave them the go-ahead, so I am confident they will resume high single digit to low double digit increases in 2022.

The higher yielding ones start with a current yield of 3.93% and go up from there. They account for almost 65% of our portfolio income at the current time.

Here are the mid-yield ones - ticker followed by current yield followed by SSD dividend safety scores. SSD is the Simply Safe Dividends site

TD 3.29% 80
LMT 3.26% 84
UGI 3.07% 99
WEC 2.99% 87
MDU 2.97% 92
SCHD 2.83% ETF
DLR 2.79% 94
CSCO 2.66% 91
JNJ 2.65% 99
PEP 2.53% 93
TXN 2.38% 90
PG 2.34% 99 

Now, not all of these have Fast 5 year DGRs, but they are all faster than that of VZ.

Over time, slowly but surely, as I selectively reinvest acccumulated dividends into mid-yield stocks, their share of our portfolio income will increase. That is the plan, anyway.

SSD scores, of course, are the current dividend safety scores from Simply Safe Dividends.
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Over time, slowly but surely, as I selectively reinvest accumulated dividends into mid-yield stocks, their share of our portfolio income will increase. That is the plan, anyway.


I like that plan a lot Ron - For me, slow and steady share count increases in Quality investments with strong balance sheets win the race. I have never been comfortable reaching for Yield.

Others Mileage may vary.

I don't own any ETF's - Question regarding short term

How has SCHD held up full circle for you over the last few weeks during the recent sell off, and now through this latest recovery rally? Microview of a full economic business cycle?

+++How has SCHD held up full circle for you over the last few weeks during the recent sell off, and now through this latest recovery rally? Microview of a full economic business cycle?+++

I do not watch prices closely, but SCHD is fine.  It is around the high it was at before the recent sell off - but like I said, I do not watch prices all that closely

I like the plan Ron. I have gradually removed what I consider to be yield traps from my portfolio over the past six months. I'm happier now.