One average guys journey to investment income through investing in dividend paying investments.
S & P regularly tracks a list of stocks that it calls "Dividend Aristocrats" - companies that have regularly upped their dividends for 25 or more consecutive years. Business has recently posted an article that lists the stocks here. As of this list, Merck is still on the list and that makes me feel a little more comfortable holding this dog in my portfolio, given the worries I expresses in this post.
posted by My Personal Hedge Fund at 8/22/2005 08:58:00 PM
| RRSP | |
| RBC Royal Bank | $ 7618 |
| IGM Financial | $ 4,629 |
| iUnits REIT Index | $ 1,397 |
| iUnits Int'l Index | $ 6,700 |
| The Home Depot | $ 1,668 |
| BCE Inc. | $ 1,845 |
| iUnits CDN Bond | $ 1,629 |
| The Coca-Cola Co. | $ 1,544 |
| Citigroup Inc. | $ 413 |
| Merck & Co. Inc. | $ 1,136 |
| Cash | $ 180 |
| TOTAL | $ 28,759 |
| Non-RRSP | |
| Great-West Life Co. | $ 755 |
| Cash | $ 100 |
| TOTAL | $ 855 |
| Pension | |
| NaviQuest LT Growth | $ 4,644 |
| Cash | $ 171 |
| TOTAL | $ 4,815 |
| ESPP | |
| BearingPoint Inc. | $ 0 |
| Cash | $ 0 |
| TOTAL | $ 0 |
| Wife RRSP | |
| TD CDN Bond Index | $ 60 |
| Cash | $ 0 |
| TOTAL | $ 60 |
| TOTAL PORTFOLIO | $ 34,489 |
| +$493 since last update | |
| REMAINING TO GOAL | $ 265,511 |
2 Comments:
Have you read anything on the sustainability of Merck's dividend?
I've been keeping my eye on them and PFE because of the big yields. I know that Merck generates a nice amount of free cash flow, but I'm curious as to what the analysts think about the future.
According to Value Line's July 22, 2005 report on Merck, they say that investors, "stand to earn a relatively secure dividend yield of about 5% while waiting for the legal dust to settle." See the report at http://www.valueline.com/dow30/index.aspx. Makes me feel a bit more comfortable.
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