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Dividend Portfolio: 6/16/23 Weekly Update

Weekly update on a long-term dividend growth portfolio from a young investor to show you how I’m investing to reach financial independence! To date the portfolio is up 3.14% and is beating SPY by 3.60% with annual dividend income of $568!

Welcome back to the weekly Dividend Dollars portfolio review! I apologize for missing last week’s update, I was out of town. This update will detail all of the moves made within this last two weeks.

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Here at Dividend Dollars, our investing approach is a dividend growth strategy with aspects of value investing and fundamental analysis. I am a young investor in my 20’s and by sticking to this strategy over the long term, the magical powers of compounding are on my side. This allows me to more easily build substantial positions in dividend paying stocks over time, which will one day help me reach the ultimate goal of being financially free through the sources of passive income they provide. You can read more about the strategy here. Let’s dive into the portfolio review!

Portfolio Value

To date, I have invested $16,570 into the account the total value of all positions plus any cash on hand is $17,166.85. That’s a total gain of 3.60%. The account is up $522.64 for the week which is a 3.14% gain. We added $120 in cash to the account this week, trades made will be broken out below.

We started building this portfolio on 9/24/2021 and when compared to the S&P 500 we are outperforming the market so far! Within that same timeframe, the S&P 500 is down -1.03% which puts us 3.60% higher than the market!

Portfolio

Above is a dashboard of the portfolio that tracks annual dividend income, yield, beta, dividend growth, and more.

Below is a table of everything we are invested in so far. There you can see my number of shares, shares bought through dividend reinvestments, average cost, gains, and more. The tickers in green are positions that I bought shares in this week, the blue ones are positions that I reinvested dividends into, the yellow ones are positions that announced a dividend increase this week, and the red are positions that I trimmed. Our PADI increased $2 to $568.

Dividends

Over the last week I received four dividends: $2.29 from $O, $1.44 from $NEE, $0.78 from $JKHY, and $10.81 from $MMM.

In my portfolio, all positions have dividend reinvestment enabled. I don’t hold onto the dividend, I don’t try to time the reinvestment, I just let my broker do it automatically.

Dividends received for 2023: $232.78

Portfolio’s Lifetime Dividends: $643.18

Trades

This week we continued to use the turtle trend trade strategy on $XLC, it continues to run and our stop continues to move up securing more gains for an eventual exit! I am very excited about its performance so far and am anxious to see how far it can run. If you’re interested in learning more about the turtle trading strategy that is built into my portfolio, I have published a full article on it which you can read here. The below table is a log of the trades taken under the strategy so far.

Like my trend trade in $XLC, everything seemed to be on fire this week. Because everything was so green (a few of my red positions even moved into green territory this week), so I was not chomping at the bit to do some adds. I only added to $NVO, my newer and only healthcare position. I’ll be keeping my eyes on $NVO for another add next week.

Below is a breakdown of the trades I made this week:

  • June 12th, 2023
    • 3M ($MMM) – dividend reinvested
  • June 15th, 2023
    • Novo Nordisk ($NVO) – added 1 share at $161.56
  • June 16th, 2023
    • Jack Henry & Associates ($JKHY) – dividend reinvested
    • NextEra Energy ($NEE) – dividend reinvested
    • Realty Income ($O) – dividend reinvested

Summary

That is it for the update this week. Check out the stock market outlook for next week and recap of this week here!

Let me know what you think of the progress so far, share with me your progress and questions, interact with me on Twitter and CommonStock and other socials using the links below!

Thank you for reading! Have a happy Father’s Day and holiday weekend! See you next week and stay safe!

Regards,

Dividend Dollars

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