Dividend Stocks Portfolio

The goal of this portfolio is to build wealth through stock appreciation while earning a steady dividend income. During the accumulation years, the dividend income is fully re-invested through synthetic DRIP. When retirement comes, the portfolio may switch to focus on higher dividend earnings but time will tell if I need to make this change. My hope is to become financially independent from the dividend income my portfolio can generate.

The dividend growth stocks are selected using a simple but yet effective stock selection process which leverages the Chowder Rule as growth marker.

One of my rules is to hold 40 or fewer stocks in my portfolio to ensure I can stay on top of my holdings. To better understand my strategy, you need to read my 7 investing rules and leverage my dividend growth stock selection process. All in all, it has provided me with a portfolio that can beat the index and in retirement, my knowledge of dividend investing will allow me to draw dividend income rather than burn through my hard earned capital.

DISCLOSURE: Please note that links to merchants mentioned within this post might be using an affiliate link. Using an affiliate link means that, at zero cost to you, I might earn a commission if you buy something through that affiliate link.

Portfolio Breakdown by Accounts

As an initial disclaimer, I am in the accumulation phase. Dividend growth and total return is what drives my stock selection process and as such you will see very low yield stocks that I would normally not hold in my retirement years.

The accounts below represent holdings across my accounts and our spousal equivalent. My accounts are with RBC Direct Investing and Questrade.

 

Account Holding Sector Growth Dividend
TFSA TSE:CNR Industrial High Low
TFSA NYSE:V Financial Services High Low
TFSA TSE:ATD.B Consumer Defensive High Low
TFSA TSE:RY Financial Services Medium High
TFSA TSE:TD Financial Services Medium High
TFSA TSE:IFC Financial Services Medium High
TFSA TSE:T Communication Services Medium High
TFSA TSE:SAP Consumer Defensive Medium Low
TFSA TSE:EMA Utilities Low High
TFSA TSE:BIP.UN Utilities Low High
RRSP NASDAQ:AAPL Technology High Low
RRSP NASDAQ:MSFT Technology High Low
RRSP NYSE:COST Consumer Defensive High Low
RRSP TSE:CNR Industrial High Low
RRSP NYSE:V Financial Services High Low
RRSP NYSE:ABBV Healthcare Medium High
RRSP NYSE:JNJ Consumer Defensive Medium Medium
RRSP NYSE:MMM Industrial Medium Medium
RRSP NYSE:ITW Industrial Medium Medium
RRSP NYSE:KMB Consumer Defensive Medium Medium
RRSP NASDAQ:TXN Technology Medium Medium
RRSP NYSE:CAH Healthcare Medium Medium
RRSP TSE:MRU Consumer Defensive Medium Low
RRSP NYSE:BAM Real Estate Medium Low
RRSP NYSE:BDX Healthcare Medium Low
RRSP TSE:SAP Consumer Defensive Medium Low
RRSP TSE:ENB Energy Low High
RRSP TSE:BIP.UN Utilities Low High
Taxable VFV S&P500 ETF High Low
Taxable TSE:RY Financial Services Medium High
Taxable TSE:TD Financial Services Medium High
Taxable TSE:NA Financial Services Medium High
Taxable TSE:T Communication Services Medium High
Taxable TSE:BCE Communication Services Low High
Taxable TSE:ENB Energy Low High
Taxable TSE:ENF Energy Low High

Canadian Stock Portfolio

When it comes to choosing a Canadian stock, the list of companies matching my investing criteria will mostly be Canadian Dividend Achievers with a 10% CARG dividend growth. However, with some sectors, it can be difficult to find a match and I have to vary my approach and selection.

US Stock Portfolio

The list of stocks matching my investing criteria will mostly be US Dividend Aristocrats with the exception of the technology sector. That sector is relatively recent to fulfill the requirements for a US Dividend Aristocrat.

JNJ - Small

Johnson & Johnson

NYSE:JNJ

Market Trend

KMB - Small

Kimberly Clark Corp

NYSE:KMB

Market Trend

PG - Small

Procter & Gamble Co

NYSE:PG

Market Trend

CAH - Small

Cardinal Health Inc

NYSE:CAH

Market Trend

ITW - Illinois Tool Works

Illinois Tools Work

NYSE:ITW

Market Trend

BDX - Small

Becton Dickinson

NYSE:BDX

Market Trend

Texas Instrument

NASDAQ:TXN

Market Trend

DISCLAIMER: Please note that this blog post represents my opinion and not an advice/recommendation. I am not a financial adviser, I am not qualified to give financial advice. Before you buy any stocks/funds consult with a qualified financial planner. Make your investment decisions at your own risk – see my full disclaimer for more details.