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:

Down 60%! Is Churchill China a dividend share I should buy?

After a challenging few years, AIM dividend share Churchill China (LON:CHH) offers a 4.6% yield and looks in good shape to me. Is this a chance to lock in an attractive income from a company that's been a reliable payer for nearly 25 years?

Oct '24 dividend portfolio update: strong results from two very different AIM shares

October brought full-year results from two respected AIM-listed shares in my portfolio. In this review I take a look at both and explain why I'm happy to hold them.

Q3 24 dividend portfolio review: cash yield up 25% YTD + I'm beating the (wrong) benchmark!

Dividend income from my model portfolio has surged ahead this year, but capital gains have lagged the FTSE 100. I consider what might be happening and discuss two recent changes to the portfolio.

New stock #2: 20 years of dividend growth & a 6% yield

This 106-year-old AIM-listed business looks unloved, but I think the shares could deliver attractive returns if market conditions and sentiment recover.

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