Dividend Stock Investing
The Importance of Dividends
For the S&P 500 from
1980 to 2013,
dividends, dividend
growth, and the
reinvestment of such
dividends provided a
greater portion of total
return (61%)  than
appreciation alone
which contributed just
39% of total return.
Dividend growth
can provide a
very powerful
source of return
over time.
Past performance of dividend stocks is not indicative of future results.
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                           Data Source: Ibbotson/Morningstar
$1,000 Investment
in the S&P 500:
1980 - 2012
An Invitation
Reinvested dividends provided
$19,594 =
61% of total return.
$13,618 (Appreciation Only Value)
                                                          
                                      
ORIGINAL INVESTMENT               CURRENT INVESTMENT           Yield on             10-year
                                                    12/31/03                                        12/31/13                          Original           Growth of
                                      Price        DPS*      Yield                Price       DPS*      Yield           Investment            DPS*         
    Chevron                  43.20        1.46       3.38%            124.91      4.00       3.20%             
9.26%                  274%
Waste Management   29.60          .75       2.53%              44.87       1.46       3.25%            4.93%                  195%
                                                                 *Dividend Per Share

Dividend growth can be a very powerful source of compounding return and income over time as companies,
at              their discretion, raise their dividend.  Please observe the Yield on Original Investment and 10-year DPS* Growth.

The examples provided may or may not be utilized in the Timberline Dividend & Growth strategy and are only provided to illustrate the
potential          impact of dividend growth over time.  Not all companies raise their dividend and dividends can be cut or eliminated at any time.   
Information            source:  company websites.
$33,212 (Total Return Value)
$1,000
Appreciation alone provided
$12,618 =
39% of total return.