Dec '23 dividend portfolio update: changing landscape + top ups

Welcome to my final monthly portfolio results review of 2023. I hope you had a good break over the festive season, however you chose to spend it.

This update will be followed next weekend by my annual portfolio performance review.

Just two companies from my portfolio issued results in December, so I took the opportunity to spend a little more time than usual looking at each of these businesses.

I think it's fair to say both of these companies fall into the contrarian camp at the moment. But I'm cautiously optimistic that they each offer value and growth potential over the longer term.

In the meantime, I hope that net cash balance sheets and robust free cash flow will continue to support both companies' 20+ year dividend records and attractive yields.

Portfolio top ups

As a quick reminder, in a scheduled (virtual) trade, I topped up five of the model portfolio's positions at their closing prices on 29 December 2023.

Subscribers can read about the shareholdings I decided to add to here. Updated positions and purchase prices are listed on my portfolio page.

Let's move on and take a look at December's results.

In this month's report

Here's a summary of the company results covered in this report, with a link to each section: