Dividend Stock Investing
The Importance of Dividends
For the S&P 500
from 1980 to 2008,
dividends and the
reinvestment of
dividends provided
a greater portion of
total return (59%)  
than appreciation
alone which
contributed just
41% 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.
Timberline Investment Management, LLC.
503-657-7100
Info@TimberlineInvestment.com
Investing with Integrity
An Invitation
ABOUT TIMBERLINE
ABOUT DIVIDEND & GROWTH
DIVIDEND STOCK INVESTING
                                                                   
                                       
ORIGINAL INVESTMENT               CURRENT INVESTMENT                Yield on             10-year
                                                     12/31/98                                         12/31/08                              Original           Growth of
                                       Price        DPS*      Yield                Price       DPS*      Yield               Investment            DPS*         
Johnson & Johnson   41.94         .50         1.19%             59.83       1.84        3.08%               
 4.39%                 368%

Chevron Corp.             41.47        1.30        3.13%             73.97       2.60        3.51%                6.27%                 200%
                                                                          *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.









                       Data Source:               
                       Ibbotson/Morningstar
 $1,000
$14,556 (Total Return Value)
$6,622
Reinvested dividends provided
$7,934 =
59% of total return.
Appreciation alone provided
$5,622 =
41% of total return.
$1,000 Investment
in the S&P 500:
1980 - 2008
An Invitation
Appreciation
Total Return
$1,000