In order to keep things fresh, interesting and accurate, I decided to change the name of my blog from “Adventures in Canadian Dividend Growth Investing” to “Dividends in Hand”.
The new name is a play off of Myron Gordon and John Lintner’s ‘Bird In Hand’ theory which postulates that investors prefer stocks with high the certainty of dividend payments to the possibility of potentially higher future capital gains. Admittedly, I’m a subscriber to the Bird In Hand theory as it’s very much in-line with my level of risk aversion. Why speculate on potential future gains when I can limit my downside risk by investing in a company with a history of raisings its dividends to shareholders in line with their profitability?
I also felt that “adventures” in my previous blog title was a little misleading. As a dividend growth investor, boring is my best friend. I’ll leave adventures for those inclined to bet their money on the next hot IPO, day traders, and commodity speculators. Having a portfolio of investments that consistently grow their payouts is much more in-line with my temperament and preference to let my portfolio churn out regular, worry-free returns.
Here’s hoping your investment process allows you to increase the dividends in your hands!
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