I recently had the honor of being invited to participate in a dividend project called the “Dividend Growth Index” pioneered by The Dividend Guy Blog. The concept is pretty simple, a group of 7 dividend bloggers got together to create an index by selecting 3 stocks each. No one could select the same stock and it needed to be on a Canadian or U.S. exchange. The index will be followed by Mike on The Dividend Guy Blog with quarterly updates on the performance of each picks along with the overall Dividend Growth Index performance. How will it compare to the indexes out there I wonder? I am sure Andrew Hallam will be watching …
The Dividend Growth Index Rules
- Seven bloggers
- Three picks each
- Each blogger will review their picks quarterly and report on performance (September 30th, December 31st, March 31st and June 30th)
- The stock price were recorded on September 23rd, 2011
The Dividend Growth Index
|Company Name||Ticker||Starting Price||Dividend Yield|
|Energy Transfer Equity||ETE-US||$36.09||6.3%|
|Philip Moris International||PM-US||$63.81||4.8%|
|Procter & Gamble||PG-US||$61.25||3.4%|
|Progressive Waste Solutions||BIN-T||$21.68||2.4%|
|Canadian National Railway||CNR-T||$67.34||2%|
|Canadian National Resources||CNQ-T||$30.23||1.2%|
|Avg Dividend Yield||4.26%|
The Dividend Growth Investors
Here are my fellow bloggers participating in the project and their picks. I strongly recommend you take a peak at their blogs and put them on your must read list.
- ConocoPhillips (COP:US)
- Phillip Morris Intl. (PM:US)
- Procter & Gamble (PG:US).
- Walmart (WMT:US)
- Novartis (NVS:US)
- Energy Transfer Equity (ETE:US)
- Husky Energy (HSE)
- Pepsico (PEP:US)
- Staples (SPLS:US)
- Bank of Nova Scotia (BNS)
- Abbott (ABT:US)
- CML Healthcare (CLC)
- Intel (INTC:US)
- Coca-Cola (KO:US)
- National Bank of Canada (NA)
The Passive Income Earner – That’s me
- Canadian National Railway (CNR)
- Canadian National Resources (CNQ)
- Aflac (AFL:US)
- Royal Bank of Canada (RY)
- Daylight Energy (DAY)
- Progressive Waste Solutions (BIN)
What’s Next ?
What I find fascinating is that we all believe in dividend investing but we also have varied approach to achieving financial independence utilizing a dividend strategy. It will be exciting to see how everyone’s stock picks perform over the year.
Next week I’ll be reviewing my picks and also provide an in-depth analysis in the coming weeks.
Readers: What do you think of the index?
Disclosure: Long KO, RY, and BNS as of writing.
Disclamer: Please note that this blog post represents my opinion and not an advice/recommendation. I am not a financial adviser, I am not qualified to give financial advice. Before you buy any stocks/funds consult with a qualified financial planner. Make your decision at your own risk – see my full disclaimer for more details.