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A Uniquely Bad Day

This marks the first time since inception that every position, and the portfolio has never had more positions, declined on the same day — a genuinely rare event for a 24-stock portfolio well-diversified across all 11 sectors. And while SPXEW’s –1.29% drop was hardly mild — that’s a legitimately rough day by any historical standard — it still wasn’t the kind of broad‑market capitulation one would normally associate with a complete sweep across every holding.

It’s infuriating — and in my view, unmistakably tied to the reckless geopolitical decisions made less than a month ago and still unfolding today.

Selling a Covered Call [LEG][4]

LEG has dropped significantly below our put strike price of $12.50 and as a result the Portfolio for the Ages has already been assigned three put contracts yesterday and the remaining three put contracts today. The three covered call contracts with a $12.50 strike price will undoubtedly expire worthless at market close on Friday.

Set up an order to submit for execution at market open on Monday the trade below.

Sell to Open: Nine September 18, 2026 $12.50 Call Options [Symbol: LEG260918C12.5]

Limit Order Price:  Credit of $0.45 per share

Dividend King of the Week [ADP][6]

Along with the usual $250+ weekly contribution, we have $296.80 in uninvested cash available to deploy. 

This week, seven of the portfolio holdings ranked in the Top Ten.

TickerAccount Value
ADP2,919.28
BDX3,027.84
HTO4,066.17
PEP3,677.24
PPG3,362.37
QCOM3,245.50
SCL3,185.12

The lowest amount belongs to ADP. We will acquire 3 shares of ADP on Monday morning. See the post from 2026-02-08 for a more in-depth look at ADP. Below, is the purchase history and average cost calculation.

Dividend King of the Week [ADP][5]

This week, six of the portfolio holdings ranked in the Top Ten.

TickerAccount Value
ADP2,572.32
BDX3,353.12
HTO3,711.51
PEP3,904.02
PPG4,067.91
QCOM3,274.28

The lowest amount belongs to ADP. We will acquire 2 shares of ADP on Monday morning. See the post from 2026-02-08 for a more in-depth look at ADP. Below, is the purchase history and average cost calculation.

Dividend King of the Week [ADP][4]

This week, seven of the portfolio holdings ranked in the Top Ten.

TickerAccount Value
ADP2,144.70
BDX3,522.41
CMCSA3,416.06
HTO3,808.11
PEP3,793.62
PPG4,175.49
QCOM3,286.24

The lowest amount belongs to ADP. We will acquire 2 shares of ADP on Monday morning. See the post from 2026-02-08 for a more in-depth look at ADP. Below, is the purchase history and average cost calculation.

Dividend King of the Week [ADP][3]

This week is the last of our three ‘off’ weeks intended to restore the $250+ per week pace of investment. This is necessary because a new position was established in ADP. However, there is $980.04 in cash that is available for deployment.

This week, seven of the portfolio holdings ranked in the Top Ten.

TickerAccount Value
ADP1,272.66
BDX3,341.91
CMCSA3,441.13
HTO3,787.41
PEP3,816.62
PPG4,334.22
QCOM3,236.10

The lowest amount belongs to ADP. We will acquire 4 shares of ADP on Tuesday morning (the markets are closed Monday) and this still counts as an off week because we aren’t using new funds to make the purchase. See the post from 2026-02-08 for a more in-depth look at ADP. Below, is the purchase history and average cost calculation.

Selling Shares of Waters Corporation [WAT]

BDX recently completed the separation of its Biosciences & Diagnostic Solutions business, which is now combined with an existing publicly traded company, Waters Corporation [WAT]. For every share of BDX held at the close of business on 2026-02-05, shareholders received .135 shares of WAT and cash in lieu of partial shares after market close on 2026-02-09. The Royal Dividends portfolio received 2 shares and $83.06 in cash. Using a market order those two shares were sold for $328.0729 per share. The $739.21 in total proceeds will be treated as dividend income received from BDX for performance purposes.

Dividend King of the Week [ADP][2]

This week is the second of three ‘off’ weeks intended to restore the $250+ per week pace of investment. This is necessary because a new position was established in ADP. But guess what – there’s $665.11 of cash available for deployment, so let’s carry on, shall we?

This week, six of the portfolio holdings ranked in the Top Ten.

TickerAccount Value
ADP925.44
HTO3,613.53
PEP3,921.27
PPG4,174.83
QCOM3,158.82
VZ7,865.87

The lowest amount belongs to ADP. This is very fortunate, because there is a position imbalance whereby the only position eligible for additional investment is in fact, ADP. Let’s grab 2 shares of ADP on Monday morning and we will still count this as an off week because we don’t need to reach into our pockets to make the purchase. Below, is the purchase history and average cost calculation.

Selling a Cash-Secured Put [LEG][2]

Here’s the move I’m making—and you can too, if you’ve got $7500 in available cash sitting around. It’s a straightforward, cash-secured put strategy designed to bring in $350+ after commissions.

Selling to Open: 6 March 20, 2026 $12.50 Put Options [Symbol: LEG260320P12.5]

Limit Order Price:  Credit of $0.60 per share

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