DivGro: August 2025 Newsletter

Welcome to the AUGUST edition of my DivGro 2.0 newsletter!

As usual, I provide a quick market recap and an overview of my DivGro
portfolio (as of 31 July 2025), including transactions that impacted DivGro’s
projected annual dividend income.

In July, I opened one new position and closed thirteen existing positions, so
DivGro now contains 65 positions. Of these, 59 are dividend growth [DG]
stocks, five are closed-end funds [CEFs], and one is a dividend-paying
stock. By convention, I label stocks with dividend increase streaks of five or more
years as DG stocks.

I’m continuing to consolidate my DivGro portfolio and preparing to convert our
IRAs to Roth IRAs later this year. As far as possible, we want to own
high-growth, low-yielding stocks in our Roth IRAs, where significant gains
won’t be taxed. Likewise, we want to own 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.