Welcome to the June edition of
DivGro 2.0's monthly
newsletter!
Every month, I write a market recap and a summary of my DivGro portfolio as of
the last day of the previous month. I also summarize transactions that
affected DivGro's projected annual dividend income [PADI].
DivGro contains 55 positions. Of these, 48 are dividend growth [DG] stocks, 2
are dividend-paying stocks, and 5 are funds (4 closed-end funds and one
exchange-traded fund).
By convention, I label stocks with dividend increase streaks of at least 5
years as DG stocks.
In May, I opened 2 new positions and added shares to 20 existing positions.
Additionally, I reduced my holdings in 16 positions. Six DivGro stocks
announced dividend increases or paid higher dividends in May.
The net result of these changes is that DivGro's PADI increased to $54,683,
meaning I can expect to receive dividend income averaging $4,557 per month in
perpetuity, assuming the status quo is maintained.
More than 1,700 members have joined DivGro 2.0 since its soft launch in
February 2023.
I have decided to delay the formal launch of DivGro 2.0, allowing members to
continue with complimentary access to all DivGro 2.0 content, including my
DivGro Portfolio.
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