I have always maintained that my dividend portfolio should not be measured against the Russell 3000 as it is a mixture of bond funds, closed end funds, preferred stocks, MLPs, REITs and equities. It's purpose is to produce income.
I was reading Barron's today and they have split income securities into 10 buckets and picked 38 securities in total for 2018 amongst those buckets.
Aha! That is a good benchmark for me to compare against. It may take a little effort for me, as I'll have to track the dividends on those 38 positions, but what the hey... I'm retired. Looking for things to do beyond jigsaw puzzles.
The Barron's 38 (to be known as B-38s) have an average yield of 4.42%, so a lot lower than my dividend portfolio yield of 6.4%. And I know not all yields are created equal, B-38s do have more tax-free yields, such as municipal bonds. But still, a better benchmark than R3K. Without further ado, here are the B-38s!
| Ticker | Start | Current | Dividend | Change | Yield |
| AMLP | 10.76 | 10.76 | - | 0.0% | 7.99% |
| NML | 8.89 | 8.89 | - | 0.0% | 7.42% |
| EPD | 26.09 | 26.09 | - | 0.0% | 6.39% |
| ETP | 17.50 | 17.50 | - | 0.0% | 13.45% |
| FDD | 13.59 | 13.59 | - | 0.0% | 3.07% |
| VGK | 58.27 | 58.27 | - | 0.0% | 2.59% |
| DDAIF | 83.40 | 83.40 | - | 0.0% | 4.16% |
| NVS | 84.86 | 84.86 | - | 0.0% | 3.20% |
| NOBL | 63.73 | 63.73 | - | 0.0% | 1.83% |
| VYM | 86.10 | 86.10 | - | 0.0% | 2.82% |
| MRK | 56.24 | 56.24 | - | 0.0% | 3.34% |
| PEP | 119.22 | 119.22 | - | 0.0% | 2.66% |
| VNQ | 85.12 | 85.12 | - | 0.0% | 4.64% |
| RQI | 12.55 | 12.55 | - | 0.0% | 7.65% |
| TCO | 63.38 | 63.38 | - | 0.0% | 3.94% |
| SLF | 40.56 | 40.56 | - | 0.0% | 3.34% |
| TCO | 63.38 | 63.38 | - | 0.0% | 3.94% |
| VZ | 52.67 | 52.67 | - | 0.0% | 4.41% |
| CHL | 49.18 | 49.18 | - | 0.0% | 3.74% |
| DTEGY | 17.72 | 17.72 | - | 0.0% | 3.85% |
| DSU | 11.57 | 11.57 | - | 0.0% | 1.78% |
| HIO | 5.02 | 5.02 | - | 0.0% | 6.99% |
| MUB | 110.75 | 110.75 | - | 0.0% | 2.22% |
| PRHYX | 6.75 | 6.75 | - | 0.0% | 5.40% |
| NEA | 13.72 | 13.72 | - | 0.0% | 5.31% |
| JNK | 36.70 | 36.70 | - | 0.0% | 5.63% |
| DUK | 87.84 | 87.84 | - | 0.0% | 3.97% |
| VWITX | 14.14 | 14.14 | - | 0.0% | 2.80% |
| PHMIX | 9.08 | 9.08 | - | 0.0% | 4.20% |
| XLU | 55.02 | 55.02 | - | 0.0% | 3.19% |
| DUK | 87.84 | 87.84 | - | 0.0% | 3.97% |
| EIX | 69.71 | 69.71 | - | 0.0% | 3.11% |
| PFF | 38.38 | 38.38 | - | 0.0% | 5.77% |
| JPC | 10.38 | 10.38 | - | 0.0% | 7.47% |
| WFC-PL | 1,330.40 | 1,330.40 | - | 0.0% | 5.80% |
| TIP | 113.89 | 113.89 | - | 0.0% | 2.59% |
| SHY | 83.95 | 83.95 | - | 0.0% | 0.95% |
| TLT | 128.35 | 128.35 | - | 0.0% | 2.40% |
| Totals | - | - | - | 0.0% | 4.42% |
Note they are in order, with ones at the top being in favorite sectors. They are grouped by 4, with just the final two groupings (preferred stocks and treasuries) have just three names. At some point I will comment on whether Barron's ranked them in optimal order.
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