The Globe and Mail reports in its Saturday edition that time flies when you are having fun collecting dividends. The Globe's John Heinzl writes that it has been eight years since he launched his model Yield Hog Dividend Growth portfolio with $100,000 of virtual cash on Oct. 1, 2017. The objective was to create a stream of dividend cash flow that would grow reliably year after year. The portfolio has delivered exactly what it set out to do. At inception, the 20 stocks and two exchange-traded funds in the portfolio were generating annualized income of $4,094, based on dividend rates at the time. Thanks to scores of dividend increases and frequent reinvestments of cash to take advantage of compounding, the portfolio's annualized income has more than doubled, reaching $8,388 as of Oct. 1. Driven by a combination of dividends and capital growth, the portfolio finished September valued at $208,241, an increase of 108 per cent since inception. On an annualized basis, that works out to a total return of about 9.6 per cent. Along the way, Mr. Heinzl sold three stumble-bums -- A&W Revenue Royalties Income Fund, Algonquin Power and BCE. He admits his returns pale next to gains of U.S. stocks, particularly in the tech sector.