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What This Top Dividend Portfolio Is Holding Now: Royal Dutch Shell, GlaxoSmithKline, and BP

G. A. Chester
March 29, 2013

LONDON -- Merchants Trust (LSE: MRCH) announced its annual results this week and its thirtieth straight year of dividend increases. The trust lifted its dividend by 0.9% for 2012 -- not the biggest uplift, but at a current share price of 427 pence, the income yield is a chunky 5.4%.

Picking great dividend shares has helped Merchants outperform the FTSE All-Share Index over the past three, five and 10 years.

Let's take a look at Merchants' current top three holdings: Royal Dutch Shell (LSE: RDSB), GlaxoSmithKline (LSE: GSK), and BP (LSE: BP) (NYSE: BP).

Royal Dutch Shell
Oil super-major Royal Dutch Shell is the FTSE 100's biggest company with a market capitalization of around 140 bill