Below is a list of all the stocks in our portfolio and their respective increases and or decreases. Out of the 39 stocks currently in our portfolio: (5) stocks saw a dividend cuts; (1) stock completely suspended its dividend (7) stocks did not increase their dividends; (1) resumed payments after suspending them in 2019; and (25) stocks did increase their dividend. Please note the month of increase is based off the pay date not ex-div date or announcement of the increase.
As compared to 2019 there were more decreases and no changes, but during a global pandemic we feel the portfolio held up well. The resumption of the VALE dividend really helped exceed our goals. As VALE a significant percentage of our portfolio, both in dividend income and market value. Interestingly enough, VALE was weighted over 20% of our total portfolio in 2019. Part of our goal for 2020 was to decrease it to a range of 10%-15%. We were on track to hit this goal, but then VALE had a great run at the end of the year (nearly doubling). It now sits right back at 20% of our portfolio again. A problem we are not going to complain about!
MSM was another interesting player. It elected not to increase its $0.75/quarter payout during 2020, but instead pay out a whopping $5/share special dividend in Feb (announced in Dec before the pandemic) and then another $3.50/share special dividend in December. We’re curious to see if this will become a switch in policy – where instead of increases the dividend yearly, special dividends will be issued when management sees fit.
Lastly, the largest year over year increase (excluding VALE with resuming payments and MSM with the special payouts) was 18.4% and came from TROW. This was slightly lower than our largest % increase in 2019 which came at 22.62% from AVGO.
For 2021 we hope not to see any new decreases and if the pandemic eases in the second half of the year possibly some new increases.
2020 DIVIDEND INCREASES IN PORTFOLIO STOCKSBelow is a list of all stocks that are currently in the Divs4Jesus Portfolio. Please note some of these increases occurred prior to the purchase of the stock, however we still wanted to show the increases that happened in 2020.
|Ticker||Before||After||%||Month of Increase|