DivGro: July 2025 Newsletter

Welcome to the JULY edition of my DivGro 2.0 newsletter!

After a brief market recap, I provide an overview of my DivGro portfolio (as
of June 30, 2025), along with a list of all transactions that impacted
DivGro’s projected annual dividend income.

In June, I added shares to one position and trimmed another, so DivGro still
contains 77 positions. Of these, 68 are dividend growth [DG] stocks, 3 are
dividend-paying stocks, and 4 are closed-end funds. By convention, I label
stocks with dividend increase streaks of five or more years as DG stocks.

This year, I’m consolidating my DivGro portfolio in preparation for converting
our IRAs to Roth IRAs later this year. To the extent possible, we aim to hold
high-growth, low-yielding stocks in Roth IRAs, where significant gains won’t
be taxed. Likewise, we aim to hold high-yielding stocks in taxable brokerage
accounts, where qualified dividends are taxed at lower capital gains tax
rates.

More than 1,500 members have joined DivGro 2.0 since its soft launch in
February 2023. I have decided to delay the formal launch of DivGro 2.0, allowing members
to continue with complimentary access to all content on DivGro 2.0, including
my DivGro Portfolio.