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As a dividend AND growth investor, I am heartened by the performance of my dividend portfolio this past year. 2022 could have been much worse for my portfolio if it wasn’t for my long-held dividend stock positions. My dividend picks from last year’s report (2022) outperformed the S&P 500 by 17.3% pts. Such outperformance is not a one-year phenomenon for dividend stocks. My picks have outperformed the S&P for three straight years. And, history has shown high dividend yielding companies, on an annualized total return basis, have outperformed the lowest dividend yielding companies by 3.68%, and the S&P 500 by 2.45% from 1957 – 2012 (Source: Future for investors, 2012, Jeremy Siegel).
Ten plus years ago I started a love affair with dividend growth investing. Always there for me, dividends are the world’s most reliable passive income stream. To help investors find and consider solid dividend growth stocks for their portfolios I publish an annual Top 10 Dividend Stock report.
I am pleased to share my fourth annual Top 10 Dividend Stock report for 2023. My dividend picks are vetted using my methodology for investing in the right dividend stocks, included as part of the Wealthy Owl's Guide to Dividend Investing. My process includes consideration for dividend growth track record, ability to sustain dividend growth, business model and current valuation.
Performance of my picks from the last three annual reports
Reflecting on my 2020 - 2022 reports, I am pleased with the performance overall of my portfolio of picks. I use the Dow Jones U.S. Dividend 100 Index and S&P Dow Jones Indices as the benchmark for comparison.
(2) Period of measurement from October 29, 2019 (date of report publication) to December 30, 2022
(3) Period of measurement from December 15, 2020 (date of report publication) to December 30, 2022
(4) Period of measurement from January 2, 2022 (date of report publication) to December 30, 2022
2023 Picks Live
My 2023 span the retail, semiconductor, financial services, insurance, transportation, and professional services industries. The one thing they all share in common is a track record of annual dividend raises. While I'm feeling pretty bullish about these picks, markets over the course of a year cannot be predicted. I'm looking forward to reporting back to you the overall performance of this portfolio of my top 10 dividend stocks at the end of 2023, no matter the result.
Check out my 2022 report to get a sense of the level of analysis I provide.
If you are interested in downloading your free copy of the Wealthy Owl's top 10 dividend stocks for 2023, sign up for my free monthly newsletter now.
Happy investing and happy holidays!
The Wealthy Owl
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