The new income it will generate brings my portfolio’s yield on cost (YOC) to 9.98%. Overall, this stock pulls up the quality — and reduces the risk — of my whole portfolio.
If you have room in your portfolio for a mid-yield, fast-growth dividend company, it’s certainly worth a look.
Here are the most important DGP achievements in 2019: Dividend income grew +10.7%, yield on cost grew to 9.7%, and the total value of the portfolio grew +26%. Keep in mind, this portfolio is not a back-test, model, or hypothetical portfolio. It’s real. And as a conservative dividend growth investor, I intend to maintain my focus on running a well-rounded stock portfolio that generates reliable, growing income at a faster rate than most common income sources.