Additionally, fellow iPIG pick Raytheon Company (NYSE:RTN) went ex-dividend last week, setting into process a payment of $0.55 for each of the 27 shares that the iPIG portfolio holds. As with Genuine Parts, Raytheon Company (NYSE:RTN)’s dividend has been at that level for two quarters. If Raytheon Company (NYSE:RTN)’s board continues with its pattern, the dividend will be reviewed for a potential increase after four consistent quarters.
Dividends, reliably paid and regularly increased, form the basis of the iPIG portfolio’s strategy to try to build an income stream that grows at least as fast as inflation. While seven months is way too short to declare victory, thus far, the portfolio is certainly living up to early expectations.
iPIG portfolio snapshot as of July 5, 2013
| Company | Purchase Date | No. of Shares | Total Investment (including commissions) | Value as of July 5, 2013 |
|---|---|---|---|---|
| United Technologies | 12/10/2012 | 18 | $1,464.82 | $1,737.54 |
| Teva Pharmaceutical | 12/12/2012 | 38 | $1,519.40 | $1,479.72 |
| J.M. Smucker | 12/13/2012 | 17 | $1,483.45 | $1,753.04 |
| Genuine Parts | 12/21/2012 | 23 | $1,476.47 | $1,926.02 |
| Mine Safety Appliances | 12/21/2012 | 36 | $1,504.96 | $1,739.88 |
| Microsof | 12/26/2012 | 55 | $1,499.15 | $1,881.55 |
| Hasbro | 12/28/2012 | 43 | $1,520.60 | $2,004.23 |
| NV Energy | 12/31/2012 | 84 | $1,504.72 | $1,973.16 |
| United Parcel Service | 1/2/2013 | 20 | $1,524.00 | $1,750.80 |
| Walgreen | 1/4/2013 | 40 | $1,501.80 | $1,770.00 |
| Texas Instruments | 1/7/2013 | 47 | $1,515.70 | $1,692.00 |
| Union Pacific | 1/22/2013 | 6 | $805.42 | $944.88 |
| CSX | 1/22/2013 | 34 | $712.50 | $790.84 |
| McDonald’s | 1/24/2013 | 16 | $1,499.64 | $1,597.76 |
| Becton, Dickinson | 1/31/2013 | 18 | $1,518.64 | $1,776.06 |
| Aflac | 2/5/2013 | 27 | $1,466.35 | $1,543.32 |
| Air Products & Chemicals | 2/11/2013 | 17 | $1,510.99 | $1,561.96 |
| Raytheon | 2/22/2013 | 27 | $1,473.91 | $1,777.68 |
| Emerson Electric | 4/3/2013 | 28 | $1,548.12 | $1,580.04 |
| Wells Fargo | 5/30/2013 | 37 | $1,525.48 | $1,556.59 |
| Kinder Morgan | 6/21/2013 | 42 | $1,518.37 | $1,614.48 |
| Cash | $271.01 | |||
Data from the iPIG portfolio’s brokerage account, as of July 5, 2013.
The article It’s OK to Trail a Rising Market originally appeared on Fool.com and is written by Chuck Saletta.
Fool contributor Chuck Saletta owns shares of Aflac, Texas Instruments, Microsoft, McDonald’s, Genuine Parts, United Technologies, Wells Fargo, Teva Pharmaceutical, Emerson Electric, Becton Dickinson, Walgreen, Union Pacific, Hasbro, United Parcel Service, CSX, J.M. Smucker, Air Products & Chemicals, Mine Safety Appliances, NV Energy, Raytheon, and Kinder Morgan. The Motley Fool recommends Aflac, Becton Dickinson, Emerson Electric, Hasbro, Kinder Morgan, McDonald’s, Mine Safety Appliances, United Parcel Service, and Wells Fargo. The Motley Fool owns shares of Hasbro, Kinder Morgan, McDonald’s, Microsoft, Raytheon, and Wells Fargo.
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