Constructing A Successful Long-Term Dividend Growth Portfolio: Step 5 - Applying The Finishing Touches

Overview In Step 1 of this series, I used the Dividend Aristocrats list as a starting point in building a foundation for a long-term dividend growth portfolio. In Step 2, I used Dave Fish's Dividend Champions, Dividend Contenders, and Dividend Challengers lists to select what I felt were the best utility stocks to add to a long-term dividend growth portfolio at this time. Steps 3 and 4 discussed forging a frame and raising the roof of portfolios by selecting high quality stocks within various metals, materials, machinery, and defense industry sectors.
For Step 5, I am going to focus on applying the finishing touches of your portfolio. In doing so, I will take a closer look at stocks within the cleaning products, consumer products, food, and personal products industry sectors. Once again, the stocks I will be focusing on are all Dividend Champions, Dividend Contenders, or Dividend Challengers. The stocks include:
Clorox (CLX) Ecolab (ECL) Stepan Company (SCL) Procter & Gamble (PG) Johnson & Johnson (JNJ) Hormel (HRL) McCormick (MKC) Lancaster Colony (LANC) Sysco (SYY) Colgate-Palmolive (CL) Kimberly-Clark (KMB) Church & Dwight (CHD) Armanino Foods of Distinction (OTCPK: AMNF) Flower Foods (FLO) General Mills (GIS) International Flavors & Fragrances (IFF) J&J Snack Foods (JJSF) J.M. Smucker (SJM) Kellogg (K) Sensient Technologies (SXT) Nu Skin Enterprises (NUS) Williams-Sonoma (WSM) B&G Foods (BGS) Kraft Heinz (KHC) Pinnacle Foods (PF) Tyson Foods... Read more