What a Month for Dividend Growth Investors! by Brian Nelson, CFA
Not only did the Dow Jones Industrial Average (DJIA) top 14,000 for the first time since October 2007, but performance of constituents in the portfolio of our Dividend Growth Newsletter (see page 5) was even better! ConocoPhillips’ spin-off Phillips 66 (PSX) hit an all-time high and has now nearly doubled since it joined our portfolio. Johnson & Johnson (JNJ) and Procter & Gamble (PG) notched all-time highs, while Altria (MO), Kinder Morgan (KMP), and Emerson Electric (EMR) also had an excellent month!
We’ve been more than satisfied with our performance so far this year and since inception. Our Dividend Growth portfolio has now advanced over 16% for an annualized return of 15%, roughly doubling our goal of a mid-to-high single annual return over rolling 3-5 year periods. We continue to expect constituents in the portfolio of our Dividend Growth Newsletter to deliver, and while we plan to trim our weightings in a few positions in coming weeks (as a measure of prudence), we remain laser-focused on our long-term goals for members.
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INSIDE THIS ISSUE
1 What a Month for Dividend Growth Investors!
1 Phillips 66 Caps Off 2012 with an Outstanding Fourth Quarter (ticker: PSX)
2 The Most Important Tactic in Money Management: Don’t Overreact – The Path of Republic Services (ticker: RSG)
3 Weak Holiday Sales from Hasbro are a Surprise (ticker: HAS)
4 Intel Punished for Investing in the Future (ticker: INTC)
5 Our Dividend Growth Portfolio
6 P&G Delivers Fantastic Results (ticker: PG)
7 AT&T Sells Just a few iPhones…8.6 million! (ticker: T)
9 Microsoft Remains a Terrific Company (ticker: MSFT)
10 Johnson & Johnson’s Long-term Tailwinds are Intact (ticker: JNJ)
11 Stocks with High VBI Ratings and Strong Dividend Growth Prospects (see article for tickers)
12 Our Dividend Growth Watch List
13 Yields to Avoid
15 General Electric Issues Strong Fourth-Quarter Results; Posts Largest Backlog in History (ticker: GE)
16 Bristol-Myers Squibb Beats Estimates (ticker: BMY)
17 McDonald’s Beats Estimates (ticker: MCD)
18 About Our Dividend Cushion™
21 Featured Reports: MGE Energy, Altria, Illinois Tool Works, Stanley
25 Our Valuentum Buying Index
28 Valuentum Definitions