Author: Mike Nadel, Dividends And Income

It’s an industry leader and a high quality stock with four-plus decades of consistent dividend growth — the kind of stock we want in our Income Builder Portfolio.

By definition, neither is a “defensive” company, but both have defensive characteristics. Regardless of how they’re labeled, I’m happy to add more shares of these high-quality companies to the Income Builder Portfolio.

I’m confident that I’ve reallocated the money to companies that will help us reach our income goals, all while improving the Income Builder Portfolio’s overall strength and total return.