My Dividend Growth Portfolio: Q1 Update
I have been following a dividend growth strategy for some time. The aim of the portfolio is to generate $50k per year in dividend income by 2018. For 2013, I am targeting approximately $27.5k in dividend income. This update summarizes portfolio progress year to date for 2013.
Source of Funds
I am using selective reinvestment of my dividend income from 2012 as my primary source of funding for new investments, in addition to excess disposable income from savings. In 2012, my portfolio generated approximately $25k in dividends. My current dividend income is being reinvested primarily in US stocks, with a focus on those companies that have a history of dividend increases.
New Investments to the Portfolio
The first quarter was a fairly busy time in terms of new investments to the portfolio. I made a number of new additions to the portfolio within the first few weeks of... Read more