A Real Dividend Growth Machine: Q2 2014 Review

A new article of mine has been published on the investing website Seeking Alpha. The article is entitled A Real Dividend Growth Machine: Q2 2014 Review and it provides a review of my dividend growth investing progress in the second quarter of 2014.

As indicated by my review, I continue to build and maintain my portfolio, but I do not have time for regular blogging anymore. However, I am still around and I try to stay updated on what is happening with my fellow dividend growth investors.

My First Double

Upon checking my portfolio this morning, I noticed that I had my first double -- a stock with an unrealized capital gain of 100%:

The stock is Illinois Tool Works (ITW), a diversified machinery company that is a Dividend Champion. My one and only purchase of ITW occurred in November 2011 when I was in the process of transitioning to a 100% dividend growth stock portfolio. At the time, I doubt I would have predicted that ITW would be my first two-bagger, but I am happy that it has performed well in terms of dividend growth and total return.

A Real Dividend Growth Machine: Q1 2014 Review

A new article of mine has been published on the investing website Seeking Alpha. The article is entitled A Real Dividend Growth Machine: Q1 2014 Review and it provides a review of my dividend growth investing progress in the first quarter of 2014.

I hope this quarterly review provides my blog readers with a decent update of my investing over the past few months. My job continues to absorb much of my time, but I am making good progress at work in terms of both research and teaching, so I think it is time well spent. Unfortunately, little time is left over for other activities, such as investing. As indicated by my review, I continue to build and maintain my portfolio, and I also keep up with company news, earnings reports, and dividend increases. However, I have had to cut back almost entirely on blogging and commenting activity, though I do continue to visit other investors' blogs periodically to stay updated on their progress.

I hope everyone is off to a good start with their investing in 2014!

Hiatus

Some of you may have noticed lately that I have been slow to respond to comments, my posts about new purchases are delayed, and I have been generally inactive in commenting on the blogs of other dividend growth investors. The reason: I have been very busy with work since the start of the new year. On the teaching front, this semester I have to prepare more lectures each week -- from scratch -- than I did last semester, which consumes a great deal of my time. On the research front, for the first time I have several undergraduate students working in my lab during the semester, resulting in considerable time and effort spent on training and managing them. Moreover, I am still solely responsible for designing, setting up, analyzing, interpreting, and writing up various research projects. Unlike some 9-to-5 jobs where work can be left at the workplace, in my job there are things that simply need to get done in a timely manner regardless of what else is happening, so I have been putting in long hours during the week and spending time at work on the weekends. As a result, it has been difficult to find spare time and energy for blogging activities, over and above the time spent monitoring my portfolio.

In consideration of this situation, I have decided to take a break from blogging for a while. My blog will remain online, but I will not be updating it for an indefinite time period -- until I can achieve a better work-life balance. Even though my blog will be inactive, I want to assure you that there will be no change in my dividend growth investing: I plan to continue regularly investing new capital in attractively valued dividend growth stocks to build a rising stream of dividend income.

Finally, I want to say thanks to everyone who has visited this blog (over 200,000 pageviews since January 2012) and posted comments. I appreciate your support of my dividend growth investing efforts and I wish you all the best in your own investing endeavors!

Dividend Increase: HCP

HCP, Inc. (HCP) is increasing its quarterly dividend by 3.8%, from $0.525 to $0.545 per share, putting the company on track for its 29th consecutive year of dividend growth (news release). Given that I own 115 shares of HCP, my quarterly dividend increases from $60.38 to $62.68 and my yield on cost becomes 5.50%. The extra $9.20 in annual dividend income raises my forward 12-month dividend total to $4,269.

Dividend Increase: CNI

Canadian National Railway (CNI) is increasing its quarterly dividend by 16.3%, from C$0.215 to C$0.25 per share, putting the company on track for its 18th consecutive year of dividend growth (news release). Given that I own 40 shares of CNI, my quarterly dividend (before tax withholding) increases from $8.60 to $10.00 and my yield on cost becomes 2.65%. The extra $4.76 in annual dividend income (after tax withholding) raises my forward 12-month dividend total to $4,259.

Dividend Increase: NVS

Novartis (NVS) is increasing its annual dividend by 6.5%, from CHF 2.30 to CHF 2.45 per share, putting the company on track for its 17th consecutive year of dividend growth in its home currency of Swiss francs (news release). Due to exchange rate fluctuations, it is difficult to determine the exact amount of the forthcoming dividend, which is usually paid in April. However, the exchange rate is better now than it was at this time last year (i.e., CHF is stronger), so the effective dividend increase in USD will likely be slightly higher than 6.5%.