Welcome to the August 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 previous month's last day. I also summarize transactions that affected
DivGro's projected annual dividend income [PADI].
DivGro contains 56 positions. Of these, 48 are dividend growth [DG] stocks,
two are dividend-paying stocks, five are funds, and one is a growth
stock.
By convention, I label stocks with dividend increase streaks of at least 5
years as DG stocks.
In July, I reduced my holdings in one position. I also opened a position in
a non-dividend-paying stock.
Four DivGro stocks announced dividend increases or paid higher dividends in
July, while one Closed-End Fund [CEF] reduced its distribution.
As a result, DivGro's PADI increased to $56,554, meaning I can expect dividend
income averaging $4,713 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, so members can
continue enjoying complimentary access to all DivGro 2.0 content, including my
DivGro Portfolio.
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