Dividend Reinvestment Portfolio

The Dividend Reinvestment Portfolio includes ten dividend-paying stocks from five industries. Two stocks are selected for each industry. Therefore, there is some diversification within each industry. With dividend reinvestment you reinvestment all your dividends and buy additional shares. It's an easy way to accumulate shares over time.

The following table include well-known companies that pay reliable dividends.

Dividend Reinvestment Portfolio
Company	Stock Symbol	Industry	Annual Dividend	Dividend Yield
General Electric	GE	Conglomerates	$1.24	4.40%
3M Company	MMM	Conglomerates	$2.00	2.80%
FPL Group	PEG	Diversified Utilities	$1.78	2.90%
Southern Company	SO	Electric Utilities	$1.68	4.50%
H.J. Heinz	HNZ	Food Processing	$1.66	3.30%
Hershey Foods	HSY	Food Processing	$1.19	3.30%
Colgate-Palmolive	CL	Personal & Household Products	$1.60	2.10%
Procter & Gamble	PG	Personal & Household Products	$1.60	2.30%
Johnson & Johnson	JNJ	Pharmaceuticals Consumer Products and Medical Devices	$184	2.60%
Pfizer	PFE	Pharmaceuticals	$1.28	6.60%
NOTE: Dividend data are from finance.yahoo.com as August 27, 2008.

For a list of over 300 companies that have increased their dividends for at least 10 consecutive years read Mergent's Dividend Achievers.

Related Articles:

Dividend-Paying Stocks
Why Dividends Matter

Updated August 28, 2008.