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

Canadian National Raiway

TSE:CNR NYSE:CNI

TSE:ENB NYSE:ENB

Toronto-Dominion

Brookfield Infrastructure Partners L.P.

TSE:BIP.UN NYSE:BIP

Enbridge Income Fund Holdings Inc

NA - National Bank

National Bank of Canada

Brookfield Property Partners L.P.

TSE:BPY.UN NYSE:BPY

IFC - Intact Financial

Intact Financials

RY - Royal Bank of Canada

Royal Bank of Canada

Emera

TSE:BCE NYSE:BCE

Brookfield Asset Management

TSE:BAM.A NYSE:BAM

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.

Johnson & Johnson

AbbVie Inc

Microsoft

Kimberly Clark Corp

VISA Inc

Procter & Gamble Co

Apple Inc.

The Coca-Cola Co

Cardinal Health Inc

Costco

3M

ITW - Illinois Tool Works

Illinois Tools Work

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.

<span data-mce-type="bookmark" style="display: inline-block; width: 0px; overflow: hidden; line-height: 0;" class="mce_SELRES_start"></span><span data-mce-type="bookmark" style="display: inline-block; width: 0px; overflow: hidden; line-height: 0;" class="mce_SELRES_start"></span><span data-mce-type="bookmark" style="display: inline-block; width: 0px; overflow: hidden; line-height: 0;" class="mce_SELRES_start"></span>

Historical Stock Transactions

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

January 2018

Added 3M NYSE:MMM Market Trend as my second industrial dividend growth stock.

November 2017

Sold Suncor to reduce my exposure to the energy sector. The funds will be used to increase my industrial position TSE:SU Market Trend.

August 2017

Reduced utility sector percentage by selling some Brookfield Infrastructure Partner TSE:BIP.UN NYSE:BIP Market Trend.
Increased financial sector percentage by adding more Toronto-Dominion TSE:TD NYSE:TD Market Trend.
Added to the financial sector by increasing my position in Visa NYSE:V Market Trend.
Added to the technology sector by increasing my position in Apple NASDAQ:AAPL Market Trend.
Added to the healthcare sector by increasing my position in Cardinal Health NYSE:CAH Market Trend.
Added to the consumer defensive sector by increasing my position in Kimberley-Clark NYSE:KMB Market Trend.
Added to the consumer defensive sector by increasing my position in Saputo TSE:SAP Market Trend.

July 2017

No transactions.

June 2017

TD Bank TSE:TD NYSE:TD saw more money added to the account making it my 6th largest holding.
EnbridgeTSE:ENB NYSE:ENB saw some money added to top up the energy sector making it my 3rd largest holding.
Kimberley-ClarkNYSE: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 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.