The World's Best Dividend Portfoliohttp://www.fool.com/investing/dividends-income/2012/05/05/the-worlds-best-dividend-portfolio.aspx Jim Royal
May 5, 2012
Last June, I invested my money equally in a selection of 10 high-yield dividend stocks. Those names offer triple the yield of the average S&P 500 stock. You can read all the details for yourself. Now let's check out the results so far.
Source: S&P Capital IQ.
In the past week, our total portfolio performance declined by a percentage point, to 8.3%. We're still down on the dividend-adjusted S&P, but the gap increased slightly to 1.7 percentage points from 1.4. We have seven of 10 stocks in positive territory. With all the talk of Europe, slowing Chinese growth, and a six-month rally in equities, a dividend-heavy portfolio should be one of the safer ports in a storm. And I'm happy to continue to hold this high-yielding portfolio.
On Wednesday, I reinvested most of the portfolio's cash into Seaspan, snapping up seven shares of the container-ship company. The company has been making some good moves, including doubling its dividend to $0.25 quarterly over the past 15 months, with plenty more to come, it seems. In its latest earnings release in February, Seaspan also announced a $50 million share-repurchase authorization. Management has made a lot of value-creating moves here, and I'm confident in the long-term growth prospects as the dividend ramps up. This longtime pick of Motley Fool Hidden Gems should do well.