My Dividend Growth Portfolio – Q2 2018 Summary

My Dividend Growth Portfolio - Q2 2018 Summary


It is time to summarize one other quarter. This quarter got here after a mediocre quarter for me. The primary month was a direct continuation of the primary quarter. My portfolio suffered from destructive returns whereas the opposite two months made up for it. The full return in Q2 was 2.2%, which is decrease than the S&P 500 which I exploit as my benchmark. Whereas it isn’t my final benchmark, I nonetheless examine my efficiency to the S&P 500 because it exhibits an alternate method of investing.

My principal aim is to realize a rising stream of dividends, which can give me some extra monetary freedom. My dividend revenue in Q2 2018 was 29% greater than the dividend revenue in Q2 2018 and three.eight% larger than Q1 2018. That is consistent with my objectives to realize a 20% dividend revenue progress in 2018. Over the previous quarter, I stored including recent funds, and the dividend progress to date is positively impacted by the tax cuts. The large banks have handed the stress exams and can improve their dividend funds considerably on this quarter. It can have a constructive influence on my portfolio.

We’ve a number of subjects that may make the markets risky although the firms are displaying robust stories. The primary one is the commerce warfare between the USA and the European Union and China. It might have an effect on the leads to the medium time period. Furthermore, the summit between President Trump and President Putin additionally created some unrest amongst politicians from each events. A few of them referred to as for hearings relating to the Trump Putin relations.

We’re additionally getting nearer to the midterm elections. These elections will permit us to know the general public’s place relating to Trump’s agenda. A serious shift within the stability of energy in Congress might suggest that one other change within the tax code is forward, and everyone knows that the market hates uncertainty. Furthermore, the present Russia-US relations will probably be within the middle of the approaching elections.

Once I look ahead into the brief-time period future, I’m monitoring intently the commerce struggle and the polls relating to the November election. 2018 has the potential to be very risky, however I solely discover the commerce warfare harmful for the firms’ efficiency. The opposite points might trigger brief-time period volatility however should not have any lengthy-time period impression.

My plan for 2018 is to maintain executing my funding thesis. I’ll hold allocating funds to my portfolio month-to-month. I’ll spend money on shares I consider are low cost or pretty valued. I’ll attempt to obtain larger dividend revenue and excessive complete return. I see no purpose to amend my funding thesis in the mean time, because it has labored for me over the previous a number of years. To date, I see any signal for volatility as a chance which permits me to purchase future revenue for cheaper costs. Whereas tariffs can impression medium-time period outcomes, I don’t consider they’ll have an effect in the long run. I want you all an amazing quarter.

Funding Allocation

In This fall 2016, I liquidated my Lending Membership place in addition to a brief-time period deposit I had. Since then, I put my emphasis on my three accounts: the brokerage account, the pension fund, and my medium-time period account. Whereas I handle my very own portfolio within the brokerage account, I exploit the providers of two funding companies to handle my different two accounts.

My dividend progress portfolio was greater than 83% of my belongings two years in the past. With a purpose to attempt to stability it, I allotted extra funds to my different accounts. I need to stability it to hedge myself towards potential failures in my technique. Being overconfident within the monetary world can result in devastating outcomes. Subsequently, I’m making some effort to allocate my funds and ensure that my belongings keep diversified.

Proper now, my dividend progress portfolio accounts for 76% of my investments, and I’m prepared to decrease this determine to 75% by the top of 2018. In Q1, I elevated the quantity of funds I’m allocating in the direction of the medium-time period managed account. There could also be a change on this plan as might should switch some funds from the managed accounts to my portfolio on account of tax causes.

Fortunately, my dividend progress portfolio could be very nicely-diversified and accommodates a set of 70 blue chip corporations. Whereas I’m pleased with my achievements as a younger investor, I need to keep humble and diversify my investments correctly.

My Objectives

On the finish of 2017, I’ve set my objectives for 2018. Up to now, I’m on monitor in the direction of attaining my monetary and private objectives. My internet value has elevated over the previous quarter, and I invested extra, and hopefully, this funding will convey much more constructive returns sooner or later. The dividend revenue grew by 29% YoY, and I’m positive that by persevering with to execute my technique, my objectives might be met.

I additionally began to realize objectives relating to to my schooling, each formally and informally. I’ve accomplished the primary semester of the MBA program at Tel Aviv College. Furthermore, I hold studying books about investing, and it all the time provides me new concepts. Turning into a greater investor requires expertise and information. I hold engaged on each elements, and I need to quantify them to see my progress. By turning into extra educated and skilled, I hope to realize larger returns.

On an much more private word, I’ve another objectives that don’t have anything to do with the monetary world. I’m travelling subsequent month, and this can be one other objective that I achieved this yr. By setting objectives, you’ll be able to arrange your time higher. I extremely advocate it to everybody. It permits you to see your progress through the yr.

Sector Allocation

As my brokerage account is my largest asset, I hold allocating cash there based on my optimum sector allocation. As I’m nonetheless accumulating, I do not thoughts shopping for shares from sectors I’m overallocated to. I do not need to completely ignore my optimum allocation. Over the previous quarter, I attempted to purchase some shopper staples, power and healthcare shares. I discovered engaging candidate in every sector, and I bought a few of them over the previous three months.

Over this quarter, I have never modified my optimum allocation in any respect. It appears to work for me properly. The monetary sector has been an overachiever over the previous a number of quarters, so I in all probability will not add to this sector until an incredible alternative arises. Within the coming quarter, I’ll in all probability make investments extra in shopper staples.

You’ll be able to comply with me to learn articles relating to corporations that I discover engaging. I purchased shares in a few of them, whereas others are nonetheless on my radar. In Q3, I’ll attempt to add some extra shopper staples, and knowledge know-how corporations. I hope that the volatility within the Nasdaq index will improve so I’ll have a chance to purchase some tech corporations for higher costs.


Present Allocation

Optimum Allocation

Shopper Staples



Well being Care









Shopper Discretionary



Power and Supplies



Info Know-how












My Portfolio

The next desk exhibits the present holdings in my brokerage account. All the businesses under are a part of my dividend progress portfolio. Alphabet (NASDAQ:GOOG) (NASDAQ:GOOGL) and Fb (NASDAQ:FB) do not pay dividends. Nevertheless, they each take pleasure in regular progress of their free money movement. This metric is the bottom of any dividend cost. As an extended-time period investor, I do not thoughts ready till they’re able to share a few of this wealth with their buyers. Alphabet and Fb have already began buyback packages. I hope that each will supply dividends within the years to return. You’ll be able to learn my articles about funding in Google or Fb for the longer term dividends right here and right here.

SectorFirmTicker% of portfolio% of revenue
Info Know-howApple Inc.(AAPL)1.89%zero.87%
Well being CareAbbVie Inc.(ABBV)zero.76%zero.92%
Well being CareAbbott Laboratories(ABT)2.08%1.11%
FinancialsAflac Included(AFL)2.25%1.66%
FinancialsAmeriprise Monetary(AMP)zero.75%zero.57%
FinancialsFinancial institution of America Company(BAC)2.26%1.43%
Well being CareBecton, Dickinson and Firm(BDX)zero.98%zero.36%
PowerBP plc(BP)1.50%2.39%
Well being CareCardinal Well being Inc.(CAH)1.34%1.52%
Shopper DiscretionaryCarnival Company(CCL)zero.38%zero.40%
Info Know-howCisco Methods, Inc.(CSCO)zero.69%zero.66%
Well being CareCVS Well being Corp.(CVS)zero.45%zero.40%
PowerChevron Company(CVX)2.05%2.23%
UtilitiesDominion Power, Inc.(D)zero.32%zero.47%
Shopper DiscretionaryThe Walt Disney Firm(DIS)2.90%1.34%
REITDigital Realty Belief, Inc.(DLR)1.99%2.09%
UtilitiesDuke Power Company(DUK)zero.53%zero.74%
IndustrialsEmerson Electrical Co.(EMR)2.19%1.81%
IndustrialsEaton Corp PLC(ETN)zero.67%zero.68%
Info Know-howFb, Inc.(FB)1.64%zero.00%
IndustrialsBasic Dynamics Company(GD)zero.25%zero.15%
Shopper StaplesCommon Mills, Inc.(GIS)1.18%1.56%
Info Know-howAlphabet Inc.(GOOG)1.57%zero.00%
Info Know-howWorldwide Enterprise Machines Company(IBM)1.15%1.50%
Well being CareJohnson & Johnson(JNJ)four.15%three.58%
FinancialsJPMorgan Chase(JPM)1.75%1.59%
Shopper StaplesKellogg Firm(Okay)zero.56%zero.52%
Shopper StaplesThe Kraft Heinz Firm(KHC)zero.63%zero.75%
Shopper StaplesKimberly-Clark Company(KMB)2.09%2.39%
PowerKinder Morgan, Inc.(KMI)1.18%1.59%
Shopper StaplesThe Coca-Cola Firm(KO)2.07%2.17%
IndustrialsLockheed Martin Company(LMT)zero.42%zero.32%
Shopper DiscretionaryLas Vegas Sands Corp.(LVS)zero.49%zero.60%
Shopper DiscretionaryMcDonald’s Company(MCD)three.14%2.41%
Well being CareMedtronic plc(MDT)1.75%1.19%
Industrials3M Firm(MMM)zero.80%zero.65%
PowerMagellan Midstream Companions(MMP)1.44%2.39%
Shopper StaplesAltria Group Inc.(MO)2.31%three.34%
UtilitiesNextEra Power, Inc.(NEE)zero.45%zero.35%
Shopper DiscretionaryNike(NKE)1.02%zero.32%
IndustrialsNorfolk Southern Company(NSC)2.00%1.09%
REITRealty Revenue Corp.(O)1.45%2.10%
REITOmega Healthcare Buyers Inc.(OHI)2.48%6.30%
Shopper StaplesPepsiCo, Inc.(PEP)2.60%2.58%
Well being CarePfizer Inc.(PFE)zero.50%zero.54%
Shopper StaplesThe Procter & Gamble Firm(PG)1.57%1.71%
REITPark Inns & Resorts Inc.(PK)zero.41%zero.68%
Shopper StaplesPhilip Morris Worldwide Inc.(PM)three.27%5.44%
Info Know-howQualcomm Included(QCOM)zero.77%zero.99%
Shopper DiscretionaryRoyal Caribbean Cruises Ltd.(RCL)zero.50%zero.33%
PowerRoyal Dutch Shell plc(RDS.B)zero.97%1.50%
Shopper DiscretionaryStarbucks Company(SBUX)zero.68%zero.57%
UtilitiesThe Southern Firm(SO)zero.95%1.43%
TelecomAT&T Inc.(T)2.09%three.98%
Shopper StaplesGoal Company(TGT)1.44%1.43%
FinancialsT. Rowe Worth Group(TROW)zero.79%zero.56%
IndustrialsUnion Pacific Company(UNP)1.29%zero.81%
IndustrialsUnited Applied sciences Company(UTX)1.54%1.00%
FinancialsVisa Inc.(V)1.84%zero.33%
Shopper DiscretionaryV.F. Company(VFC)1.51%zero.99%
PowerValero Power Company(VLO)zero.71%zero.64%
REITVentas, Inc.(VTR)zero.77%1.26%
TelecomVerizon Communications Inc.(VZ)2.03%2.82%
UtilitiesWisconsin Power Corp.(WEC)zero.86%zero.88%
FinancialsWells Fargo & Co.(WFC)2.67%2.50%
Shopper StaplesWalmart Shops, Inc.(WMT)zero.93%zero.66%
REITW. P. Carey Inc.(WPC)1.01%1.87%
PowerExxon Mobil Company(XOM)2.75%three.26%

I presently personal 70 corporations in my portfolio. I added one new place prior to now quarter: Starbucks. I discovered it engaging through the quarter, and it matches my lengthy-time period objectives. You possibly can examine my technique relating to Starbucks right here. I’m not fearful in any respect concerning the variety of positions I maintain. These blue-chip corporations do not want me to comply with them every day. Actually, I would not thoughts holding them even when the inventory change is closed for a decade.

Acquisitions Made in Q2 2018

I purchased shares in a number of sectors over the course of this quarter. Within the healthcare sector. Within the healthcare sector, I added to my place a place in AbbVie. The share worth continued to endure from weak spot, and I took benefit of it so as to add some extra shares. Robust fundamentals, engaging valuation and promising pipeline make it engaging within the low 90s.

Within the power sector, I added to my positions in Exxon Mobil. Exxon nonetheless lags its friends, and I discovered it to be attractively valued. Buyers are apprehensive to the huge investments the corporate is prepared to make. As an extended-time period investor, I’m elated by it. These investments will assist the corporate to realize higher leads to the years to return. Now, I discover Magellan Midstream Companions to be very engaging within the power sector.

Within the shopper discretionary sector, I added to my place in Disney and initiated a place in Starbucks. You’ll be able to learn all about my Starbucks technique in my earlier article. Relating to Disney, the corporate trades for ahead P/E of 15, and it’s the main media firm on the planet. In a world the place content material is the king Disney is the king of kings. I’ll gladly add extra if the inventory worth comes nearer to $100 once more.

That is the third quarter in a row by which I purchased shares of corporations within the shopper staples sector. On this quarter, I added to my positions Kimberly-Clark, Kraft Heinz, and Basic Mills. The declining share worth and the excessive dividend yield which made it engaging to me. Positive, I do not anticipate any main dividend progress within the brief time period, however including to this place at a horny yield was very compelling. I’ll add extra if the worth retains declining. I’m assured that these corporations will have the ability to cope with the altering enterprise surroundings. They’ve executed it for many years, and there’s no purpose why they might cease now.

Within the telecommunications sector, I added to my positions in AT&T. The newest share worth decline pushed the dividend to six%. The uncertainty relating to the Time Warner deal is far decrease, and the dividend is properly coated. The corporate will be capable of supply a extra diversified array of providers to its shoppers, and it’ll leverage its Tim Warner acquisition to realize aggressive benefits within the sector.

Gross sales Made in Q2 2018

Over the previous quarter, I’ve not bought any inventory. I promote when an organization cuts its dividend, and that did not occur in Q2 2018. Once I take a look at the close to future, the one dividend in peril is the one provided by Omega Healthcare. If the corporate can’t keep the payout, I’ll promote my place. Fortunately, the newest quarterly stories confirmed an enchancment within the state of affairs of the corporate. I did promote Starbucks put choices.

What Am I Wanting For?

Once I take a look at my portfolio, I see an excellent assortment of corporations. Final yr, the one firm that involved me was BP. I used to be apprehensive that the corporate will be unable to maintain its dividend. Clearly, I used to be incorrect, and the money move has grown considerably. I’m all the time in search of the weaker hyperlinks in my portfolio, and I attempt to measure the impact of a attainable dividend minimize on my dividend revenue.

In 2018, I’ll comply with Omega Healthcare Buyers intently. The entire SNF business appears just a little bit shaky, and a few analysts and SA contributors consider that the dividend is in danger. Whereas the dividend appears adequately coated now, it must be monitored intently. The corporate can pay roughly 100% of its FAD, so there’s virtually no margin of security for the administration. The brilliant aspect is the development since Q1. The Orianna state of affairs is getting nearer to be resolved, and the businesses have comparatively excessive degree of liquidity.

You in all probability acknowledge the chart under, as it’s a part of my inventory evaluation. Utilizing this chart contributes to my evaluation thesis. I hold in search of Sort 2 shares principally, as they provide the most effective mixture of progress and revenue. I’ll search for these Sort 2 shares within the shopper staples and knowledge know-how sectors.

Shares to Think about

These shares have all handed my preliminary screening and ought to be completely analyzed earlier than I determine so as to add extra or provoke a brand new place. Within the shopper staples sector, I’m taking a look at Kellogg (NYSE:Okay). It suffers from very low EPS progress that had buyers apprehensive. I consider it is solely a brief-time period weak spot. Kellogg is creating new merchandise, and I coated it in my articles over the previous quarter. I’ll maintain on the lookout for alternatives within the sector. Perhaps I’ll get the prospect to start out a place in Archer Daniels Midland (NYSE:ADM) which is barely costly proper now.

Within the IT sector, I’m nonetheless in search of a chance to purchase Microsoft (NASDAQ:MSFT) or Texas Devices (NYSE:TXN). Nevertheless, now I consider that probably the most engaging firm within the sector is Alphabet. It does not pay dividends, however the rising free money circulate will ultimately help a dividend sooner or later. The identical occurred with Cisco, Apple, and different IT friends.

I’m prepared to purchase some shares within the industrials and healthcare sector as nicely. Hopefully, I’ll purchase some extra AbbVie and Pfizer within the healthcare sector because the valuation appears engaging. Within the industrials sector, I’m all the time in search of good alternatives so as to add to United Applied sciences and provoke a brand new place in Boeing. Because of the American strain on the EU to extend protection spending, it is going to be sensible to comply with this subsector. Be sure that Lockheed Martin, Basic Dynamics, and Raytheon are in your watchlist.


Q2 2018 was a really secure quarter. The indices and my portfolio achieved constructive positive factors each month. It’s potential that the volatility is behind us, however I do not assume that is the case. I’m wanting ahead to creating one of the best out of the approaching quarter as properly. I’ll maintain executing my funding thesis, as I spend money on corporations month-to-month. Hopefully, I can obtain my objectives and get nearer to my lengthy-time period goals.

The macro occasions have stunned me and lots of around the globe. The extent of uncertainty within the geopolitical area is excessive. Buyers ought to hope for low volatility, however ensure their portfolio is able to cope with a commerce warfare which will occur. If the remainder of 2018 shall be as risky as its first quarter, I’ll attempt to benefit from the volatility and buy some shares which might be costly in the meanwhile like Boeing and Microsoft. Good luck to everybody.

If you need to comply with my portfolio and my evaluation of the shares I think about, please comply with me by clicking the “Follow” button on the prime of this web page subsequent to my identify.

Disclosure: I’m/we’re lengthy ALL STOCKS IN MY PORTFOLIO.

I wrote this text myself, and it expresses my very own opinions. I’m not receiving compensation for it (aside from from In search of Alpha). I’ve no enterprise relationship with any firm whose inventory is talked about on this article.

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