Portfolio

Apr' 23 dividend portfolio update: expanding coverage

I review April's results from dividend shares in my model portfolio.

Roland Head

Apr 29, 2023 — 9 min read

Welcome to my quality dividend portfolio update for April 2023.

I normally only cover interim and full-year results from the companies in my model dividend portfolio in these updates. But after a deluge of results in February and March, the portfolio only provided a sprinkling of trading updates in April.

Some of these provide interesting commentary on trading conditions, so in a break from my normal programming I will be covering trading updates this month.

As a quick reminder, the model portfolio on this site contains the same companies as my personal portfolio.

Dividend notes

Before I get started, I'd like to flag up a new occasional format I'm trying out to cover results from dividend-paying companies I follow but don't own in my dividend portfolio.

Last week I published three dividend notes covering the following stocks:

Wed 26: The road to recovery? ABF, WTB, GSK & PSN
Thurs 27: Optimism vs uncertainty - TW., SBRY, BARC, SXS
Fri 28: Peak profits? NWG, MGAM

My aim is to make these more concise, although I haven't entirely succeeded yet!

Please let me know what you think. All feedback very welcome – good or bad. Just hit reply or leave a comment.

For an explanation of my Quality Dividend score, see here.

In this month's report:

Here's a summary of the companies covered in April's review, with a link to each section:

Jun '24 dividend portfolio update: two very different stories

I review results issued by two of my dividend portfolio shares in June. While one is approaching a cyclical slowdown from a position of strength, I think the second may be facing greater challenges.

H1 2024 quality dividend portfolio review: cash income up 22%

Dividend income from my model portfolio continued to rise in Q2 and is on track for full-year growth. However, capital gains lagged the FTSE 100, leaving room for improvement.

New stock: a new family firm to (hopefully) improve the sleep-easy score of my portfolio

This 100-year-old business boasts enviable profitability and an impressive dividend track record. I hope it will provide me with more peace of mind than the stock I'm selling.

The Dividend Note - accomplished retailers + a mystifying problem - SMWH, GHH, BME (07/06/24)

I review updates from FTSE 350 dividend shares WH Smith and B&M, plus struggling AIM engineer Gooch & Housego. Do any of them offer opportunities for my income portfolio?

Disclaimer: All content provided on this website is intended for educational and entertainment purposes only. This website does not provide investment advice or recommendations. You should research all investment decisions yourself and not rely upon information provided on this website. If you are unable to do this you should seek professional advice from a registered financial adviser.