Author: Mike Nadel, Dividends & Income Select

No only did I add to my personal stake recently, but I also initiated a position in the Income Builder Portfolio. It’s the one company I’d own if I could own only one.

If a company is a high quality business with a strong balance sheet and an attractive valuation, I really like buying its stock after a dividend increase. This company did just that, recently hiking its payout, marking the 14th consecutive year it has raised its annual dividend.

After six full years (and hitting our income goal early), we’re wrapping up this version of the Income Builder Portfolio. And what a way for the IBP to go out!

“Growth” is this portfolio’s first name, and that is its primary objective. Nevertheless, over the years, I do expect the GIP to produce material income on its way to helping pay for our grandkids’ college costs.