Welcome to the September 2021 edition of ATGL Dividend Growth Portfolio. It has been several months since we added any stocks to the Dividend Growth Portfolio, no particular reason other than choosing to wait until sufficient cash was accumulated. This month, we screened for stocks with a dividend increase streak of at least 10 years which qualifies as a “Contender” as defined by George L Smith, founder of Dividend Resource Center. I was looking for a strong potential growth stock with high quality dividend looking specifically at the Health Care and Technology sectors to balance the overall portfolio. The two stocks added this month are JNJ and TXN. Below are specifics for each. Please NOTE, the Dividend Growth portfolio is NOT a trading portfolio but a long term buy and hold portfolio with the goal of accumulating dividends.
JNJ, Johnson & Johnson, with a current dividend yield of 2.44% and an SCTR score of 43, was selected for the ATGL Dividend Growth Portfolio based on its long sequence of consecutively dividend increases plus a leader in the Healthcare. JNJ, is a holding company, which is engaged in the research and development, manufacture and sale of a range of products in the healthcare field. It operates through three segments: Consumer, Pharmaceutical and Medical Devices. Its primary focus is products related to human health and well-being. The Consumer segment includes a range of products used in the baby care, oral care, skin care, over-the-counter pharmaceutical, women’s health and wound care markets. The Pharmaceutical segment is focused on five therapeutic areas, including immunology, infectious diseases, neuroscience, oncology, and cardiovascular and metabolic diseases. The Medical Devices segment includes a range of products used in the orthopedic, surgery, cardiovascular, diabetes care and vision care fields.
TXN, Texas Instruments Incorporated, has a current dividend yield of 2.17% and a SCTR score of 42, it was chosen for its long history of increasing dividends and being a leader in the Semiconductor business. TXN engages in the design, manufacture, test, and sell analog and embedded semiconductors, which include industrial, automotive, personal electronics, communications equipment, and enterprise systems. It operates through the following segments: Analog and Embedded Processing.
Presented below is the Dividend Distribution by Sector with the addition of JNJ and TXN to the ATGL Dividend Growth Portfolio.
Dividends by Sector
To see the current DivGro Portfolio, please visit the ATGL Dividend Growth Portfolio.