Chowder Rule

Buys dividend payers by the Chowder Rule: dividend yield plus the annual dividend growth of the past five years has to add up to at least 12 percent; if the yield is under 3 percent, it has to be at least 15 percent, so that pure growth without a meaningful payout does not slip through. The math uses the real payout history, meaning the calendar-year totals per share, adjusted for stock splits. Only shares our own deep-dive analysis rates green are bought — yellow or no analysis at all is not enough. New positions are added four times a year; a share is sold as soon as it no longer satisfies the Chowder Rule or is no longer rated green.

This portfolio buys shares.