Welcome to the October 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 57 positions. Of these, 49 are dividend growth [DG] stocks, 2 are dividend-paying stocks, 5 are funds, and 1 is a growth stock.
By convention, I label stocks with dividend increase streaks of at least 5 years as DG stocks.
In September, I added shares to one existing position and reduced my holdings in one position. Both these trades followed from options assignments. Two DivGro stocks announced dividend increases or paid higher dividends in September, while one Closed-End Fund [CEF] reduced its distribution.
The net result is that PADI decreased to $56,808, meaning I can expect dividend income averaging $4,734 per month in perpetuity, assuming the status quo is maintained.
More than 1,750 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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