It’s time for our February 2024 Dividend Portfolio Update! February isn’t the most exciting month for dividends for our portfolio. However, it is the month where we get a distribution from our largest holding which is Abbvie. Outside of dividend reinvestments we haven’t added to this position since 2021. Since that time it has been one of our top performers and has grown to almost 16% of our dividend portfolio. It just goes to show what consistent dividend growth and reinvestment can do over time with a good company.
Now, we know a lot of people will scoff at holding this large of a position in one stock. We wouldn’t recommend it either. However, this isn’t our only investment portfolio so we take a larger view when making decisions. While Abbvie is the largest holding in our dividend portfolio, it is less than 1% of our overall portfolio. So we are ok with letting one of our biggest winners keep on winning.
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