About the Editor
Equities strategist Josh Peters is the editor of Morningstar DividendInvestor, a monthly newsletter that provides quality recommendations for current income and income growth from stocks.

Josh manages of DividendInvestor's model dividend portfolios, the Dividend Harvest and the Dividend Builder. Josh joined Morningstar in 2000 as an automotive and industrial stock analyst. After leaving in 2003 to join UBS Investment Bank as an equity research associate, he returned to Morningstar in 2004 to develop DividendInvestor.

Peters holds a BA in economics and history from the University of Minnesota Duluth and is a CFA charterholder. He is also the author of a book, The Ultimate Dividend Playbook, which was released by John Wiley & Sons in January 2008.

 
Investment Strategy

The goal of the Builder Portfolio is to earn annual returns of 11% - 13% over any three-to-five year rolling time horizon. We further seek to minimize risk, as defined by the probability of a permanent loss of capital. For our portfolio as a whole, this goal is composed of:

2% - 4% current yield
8% - 10% annual income growth

The goal of the Harvest Portfolio is to earn annual returns of 9% - 11% over any three-to-five year rolling time horizon. We further seek to minimize risk, as defined by the probability of a permanent loss of capital. For our portfolio as a whole, this goal is composed of:

6% - 8% current yield
2% - 4% annual income growth

 
About Josh Joshs Photo
Josh Peters, CFA
Equities Strategist and Editor
Equities strategist Josh Peters is the editor of Morningstar DividendInvestor, a monthly newsletter that provides quality recommendations for current income and income growth from stocks, and manager of DividendInvestor's model dividend portfolios, the Dividend Harvest and the Dividend Builder.
Featured Posts
A Short but Thankful Week in Dividends, 2014-11-26

With no meaningful company-specific news to discuss, no changes in our research views, and frankly very little else to talk about in this holiday-shortened week, this may well be my shortest weekly update ever. Still, as we approach the end of our tenth year, this is a good opportunity for me to express my thanks to all DividendInvestor subscribers. This is not always an easy business, and this hasn't been a particularly easy year, but your support makes the task of finding large, reliable and growing dividends both worthwhile and joyful.

I am also thankful for the many (39) dividend increases we've received from our portfolio holdings this year. I never forget that these rewards are the fruit not just of our capital, but also the effort and creativity of the millions of people who work for the firms in which we've invested. As in years past, I've included our year-to-date Honor Roll below.

Happy Thanksgiving!

Josh Peters, CFA
Director of Equity-Income Strategy
Editor, Morningstar DividendInvestor

Disclosure: I own the following stocks in my personal portfolio: AEP, APU, CLX, CVX, EMR, GE, GIS, GSK, HCN, JNJ, KO, KRFT, MCD, MMP, NGG, O, PAYX, PEG, PG, PM, RCI, RDS.B, SE, SEP, SO, UL, UPS, WFC, XEL.


Honor Roll: Dividend Increases YTD 2014

Company/TickerAccountAnnouncedGrowth%
Spectra Energy SE Builder Multiple (2x) 21.3%
Magellan Midstream MMP Harvest Multiple (4x) 19.7%
Wells Fargo WFC Builder 3/26/2014 16.7%
Spectra Energy Partners SEP Harvest Multiple (4x) 11.6%
Emerson Electric EMR Builder 11/4/2014 9.3%
Paychex PAYX Builder 7/10/2014 8.6%
Altria Group MO Harvest 8/21/2014 8.3%
United Parcel Service UPS Builder 2/13/2014 8.1%
General Mills GIS Builder 3/11/2014 7.9%
Xcel Energy XEL Harvest 2/19/2014 7.1%
Chevron CVX Builder 4/30/2014 7.0%
Procter & Gamble PG Builder 4/7/2014 7.0%
Philip Morris Int'l PM Both 9/10/2014 6.4%
Johnson & Johnson JNJ Builder 4/24/2014 6.1%
American Electric Power AEP Harvest 10/21/2014 6.0%
Unilever PLC ADR UL** Builder 4/24/2014 5.9%
Rogers Communications RCI** Builder 2/12/2014 5.2%
McDonald's MCD Builder 9/18/2014 4.9%
AmeriGas Partners APU Harvest 4/28/2014 4.8%
Kraft Foods Group KRFT Harvest 10/7/2014 4.8%
Royal Dutch Shell B ADR RDS.B Harvest 1/30/2014 4.4%
Clorox CLX Builder 5/12/2014 4.2%
Health Care REIT HCN Harvest 11/4/2014 3.8%
Southern Company SO Harvest 4/21/2014 3.4%
National Grid PLC ADR NGG** Harvest Multiple (2x) 3.4%
Energy Transfer Equity ETE* Harvest 1/28/2014 3.0%
Public Service Enterprise PEG Harvest 2/18/2014 2.8%
Kinder Morgan Energy KMP* Harvest 1/15/2014 0.7%
Realty Income O Harvest Multiple (3x) 0.5%
*Former portfolio holding sold after dividend was increased. 

**Foreign stocks' dividend increases measured in issuers' local currency.

 
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