Dividend Stocks Portfolio

Dividend Snapshot
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.

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.

T - Telus - Small

TELUS

TSE:T, NYSE:TU

Market Trend

CNR - Small

Canadian National Raiway

TSE:CNR, NYSE:CNI

Market Trend

ENB - Small

Enbridge

TSE:ENB, NYSE:ENB

Market Trend

TD - Small

Toronto-Dominion

TSE:TD, NYSE:TD

Market Trend

BIP.UN - Small

Brookfield Infrastructure Partners L.P.

TSE:BIP.UN, NYSE:BIP

Market Trend

 

ENF - Small

Enbridge Income Fund Holdings Inc

TSE:ENF

Market Trend

NA - National Bank

National Bank of Canada

TSE:NA

Market Trend

Brookfield Property Partners L.P.

TSE:BPY.UN, NYSE:BPY

Market Trend

IFC - Intact Financial

Intact Financials

TSE:IFC

Market Trend

MRU - Metro

Metro

TSE:MRU

Market Trend

RY - Royal Bank of Canada

Royal Bank of Canada

TSE:RY, NYSE:RY

Market Trend

Emera

TSE:EMA

Market Trend

Saputo

TSE:SAP

Market Trend

BCE

TSE:BCE, NYSE:BCE

Market Trend

SU - Suncor Logo

Suncor Energy

TSE:SU, NYSE:SU

Market Trend

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

ABBV - Small

AbbVie Inc

NYSE:ABBV

Market Trend

 

Microsoft

NASDAQ:MSFT

Market Trend

KMB - Small

Kimberly Clark Corp

NYSE:KMB

Market Trend

 

VISA Inc

NYSE:V

Market Trend

PG - Small

Procter & Gamble Co

NYSE:PG

Market Trend

 

General Mills, Inc.

NYSE:GIS

Market Trend

 

Apple Inc.

NYSE:AAPL

Market Trend

KO - Small

The Coca-Cola Co

NYSE:KO

Market Trend

CAH - Small

Cardinal Health Inc

NYSE:CAH

Market Trend

Stock Portfolio by Numbers

The below portfolio is updated automatically as I update my local spreadsheet. It’s categorized in multiple ways. As a cautionary note, all US holdings are held within the RRSP account as it is more tax efficient for dividends.

Historical Stock Transactions

Below is a list of transactions I have made starting in 2017.

June 2017

  • TD Bank saw more money added to the account making it my 6th largest holding.
  • Enbridge (TSE:ENB) saw some money added to top up the energy sector making it my 3rd largest holding.
  • Kimberley-Clark (NYSE:KMB) also had an increase of fund making for the consumer defensive sector.
  • Cardinal Health (NYSE:CAH) is a new addition to the healthcare sector.

January 2017

  • Sold Canadian Utilities (TSE:CU) in my TFSA
  • Purchased Brookefield Infrastructure Partners (TSE:BIP.UN, NYSE:BIP) in my TFSA
  • Purchased TD Bank (TSE:TD, NYSE:TD) in my RESP account
  • Added to Telus (TSE:T, NYSE:TU) in my TFSA account
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.