I have dividend portfolio. As I have built it up over the years, it has produced more and more dividends. I have always tried to get dividend growth stocks and most were when I purchased them and most of the stocks are dividend growth stocks now. I live off my dividend portfolio so it is important that this portfolio continue to produce dividend income for me.
It has produced a growing income for me over the years. The growth has been higher than the rate of inflation. With every bear market some stocks have cut or suspended their dividends. However, there were also stocks that increased their dividends in a bear market. Each bear market affects different sectors differently, so it is important to have dividend stocks across a variety of sectors or industries.
The only sectors or industries that I do not invest in for dividend income is the resource sectors. That includes mining and oil and gas. These sectors are much to volatile I believe for a dividend portfolio. However, I do have companies that service these sectors, like Mullen Group (TSX-MTL, OTC-MLLGF) and Ensign Energy Services (TSX-ESI, OTC-ESVIF). The Mullen Group has been branching out to service other industries beside oil and gas.
The only newsletter I would recommend to get ideas for dividend stock is Investment Reporter. You can also get good ideas on stock to invest in from Bloggers.
On my other blog I wrote yesterday about Ballard Power Systems Inc (TSX-BLDP, NASDAQ-BLDP) ... learn more. Next, I will write about Loblaw Companies Ltd (TSX-L, OTC-LBLCF) ... learn more on Friday, July 30, 2021 around 5 pm.
This blog is meant for educational purposes only and is not to provide investment advice. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.
See my site for an index to these blog entries and for stocks followed. I have three blogs. The first talks only about specific stocks and is called Investment Talk. The second one contains information on mostly investing and is called Investing Economics Mostly. My last blog is for my book reviews and it is called Non-Fiction Mostly. Follow me on Twitter. I am on Instagram. Or you can just Google #walktoronto spbrunner8166 to see my pictures.