Dividend Portfolio 2012 Report Card

As 2012 comes to a close, I thought it would be interesting to grade my dividend portfolio.  Sometimes by looking backwards, you can help steer going forward.

By the broadest of metrics, 2012 has been a success for my dividend portfolio as I am up 23.6% on the year.  That compares with the Russell 3000 being up about 16%.  In addition, my open stock positions are doing 12.5% better than having bought IWV at the same time as an alternative and including closed positions, I am up 4.9%.

I then looked at stocks that I owned at the start of 2012. I broke these into two list, (1) those that I held all year and (2) those that I sold during 2012.  Here are the stocks I held all year:

Dividend Stocks Held For Year
Stock	1/1/2012	Current	Dividends	Pct Gain
PVD	65.99	103.70	8.39	69.9%
PRE	64.58	82.47	2.48	31.5%
JQC	8.08	9.77	0.80	30.9%
CSQ	8.35	9.98	0.82	29.4%
KMF	24.96	28.71	1.29	20.2%
BHK	13.61	15.32	0.71	17.8%
O	36.40	40.35	1.63	15.3%
CSCO	18.63	19.73	0.52	8.7%
OIBAX	6.37	6.62	0.23	7.6%
MSFT	26.77	27.24	0.83	4.9%
INTC	24.54	20.67	0.87	-12.2%
Combined				20.7%

Obviously, these are pretty strong results.Then, here are stocks that I sold during the year:

Stock	1/1/2012	Sold	Dividends	Pct Gain	Date Sold
AXS	30.78	31.26	-	1.6%	1/9/12
SAN	7.88	7.61	0.16	-1.4%	1/31/12
VR	32.07	31.75	-	-1.0%	2/3/12
DD	50.89	51.54	-	1.3%	2/9/12
HPQ	27.98	28.87	0.12	3.6%	2/22/12
MNDO	2.44	2.35	-	-3.7%	3/5/12
SLF	20.20	21.30	0.36	7.2%	3/12/12
RTN	47.99	52.64	0.50	10.7%	4/23/12
CEL	14.54	11.88	0.51	-14.8%	4/23/12
AZN	48.15	43.13	1.85	-6.6%	4/26/12
USB	28.22	31.78	0.20	13.3%	5/11/12
SBS	65.89	81.18	2.96	27.7%	8/6/12
PM	74.77	91.77	1.54	24.8%	8/6/12
XOM	83.74	88.78	1.61	7.9%	8/17/12
LNC	21.54	23.89	0.24	12.0%	8/22/12
KSW	3.33	4.97	-	49.2%	9/10/12
CPL	29.65	21.08	1.53	-23.7%	9/12/12
WBK	112.31	129.40	4.20	19.0%	11/2/12
Combined				8.4%
Change Since Sale				2.4%

So these stocks were up an average of 8.4% when I sold them.  In total, they have gone up another 2.4% since the sale.  So this tells me in aggregate, I sold the "right" stocks in my portfolio, compared to the ones I kept.  SLF was the one that got away, it was up about 38% since I sold.

I guess I was a bit surprised, looking back, how many stocks I failed to hold for all of 2012.  The KSW sale was forced as they were taken private. The USB sale was a strong move as I simply shifted from one quality bank, that was fully valued, to JPM when they were having problems with the London Whale (up 23% for me). But other sales were not as rational, and I should have perhaps shown more discipline.

Finally, the difference would be stocks that I bought in 2012.  I am not going to make a list of those, but I did have some pretty good successes, including MPC, HFC, JPM, Vivendi and FSC.  Here are all my open positions:

Stock	Shares	Avg Cost	Current Price	Dividends Received	Pct Change	R3K Change	Diff
AAPL	100	533.66	539.00	-	1.0%	0.8%	0.2%
BHK	2,240	12.76	15.32	2,554.27	29.0%	6.1%	22.9%
CSCO	4,262	17.20	19.73	1,417.26	16.6%	7.5%	9.1%
CSQ	5,482	8.28	9.98	5,241.56	32.2%	22.5%	9.7%
FCX	1,100	32.17	32.52	-	1.1%	1.4%	-0.3%
FSC	2,802	9.81	10.49	2,058.92	14.4%	5.3%	9.1%
HFC	1,117	34.15	45.42	2,586.20	39.8%	4.0%	35.8%
INTC	1,974	20.99	20.67	1,998.36	3.3%	16.2%	-12.9%
JPM	1,673	35.22	42.77	992.36	23.1%	7.4%	15.7%
JQC	4,192	9.11	9.77	4,663.74	19.4%	6.9%	12.5%
KMF	1,845	21.97	28.71	3,637.01	39.6%	19.1%	20.5%
MPC	582	43.98	61.52	546.09	42.0%	5.1%	37.0%
MSFT	979	26.84	27.24	1,534.52	7.3%	16.6%	-9.2%
O	556	19.33	40.35	7,377.95	177.4%	68.8%	108.6%
OIBAX	3,925	4.93	6.62	6,589.08	68.3%	68.8%	-0.5%
PGR	2,092	20.54	21.42	2,000.00	9.0%	5.7%	3.2%
PRE	536	67.43	82.47	1,285.77	25.9%	5.9%	20.0%
PVD	427	65.11	103.70	3,787.87	72.9%	19.0%	53.9%
SAI	4,680	12.83	11.45	1,376.70	-8.5%	1.5%	-10.0%
SLCA	2,000	14.28	16.24	-	13.7%	-0.7%	14.4%
STO	1,040	23.82	24.79	1,121	8.6%	21.4%	-12.8%
VIVHY	2,296	16.70	22.13	3,749	42.3%	4.5%	37.8%
Total Open				54,518	23.1%	10.6%	12.5%
Closed					10.7%	8.6%	2.1%
Combined					14.1%	9.2%	4.9%
IRR Since 12/31/10					15.3%
2012 Gain					23.6%