Retirement Strategy: Dividend Increases And A Hot Stock Makes This Portfolio Update Fun!

Published Mon, 01 May 2017 13:41:13 -0400 on Seeking Alpha

Sometimes the stars align just right when a portfolio update is due. While the model Team Alpha Retirement Portfolio continues to do what it does (even in a flat month), it's especially cool when dividends are increased at the same time some of the recent actions taken are showing sweet signs of success.
Dividend increases from 3 of my favorite aristocrats came through as expected:

1) Exxon Mobil (NYSE: XOM): The company beat earnings, missed a tad on revenues, but this monster company will be just fine, and is still way too cheap! The company popped its dividend by about 2.7% anyway, and that's 35 years in a row!
2) Johnson & Johnson (NYSE: JNJ): Beating earnings by a bunch, and missing by a fraction on revenues sent this stock down by about 4% on the day it released results. What a gift for those who have been waiting to add or begin a position! Another sweet dividend increase of 2.7% still makes this aristocrat a must own for dividend growth investors!
3) Procter & Gamble (NYSE: PG): Another earnings beat and revenue miss didn't stop the company from raising its dividend by about 3% for the 61st consecutive year. Another must own by dividend growth investors, the company has had some headwinds and the share price has dipped but are you going to question this global giant?
Simply put, this is why we, as dividend growth investors own these stocks, right? If we can add shares when the price is right, fine, if not, and we get a raise, well... Read more