Trades

This week, four of the portfolio holdings ranked in the Top 10: FMCB, MMM, QCOM, and TDS.

Ticker	Account Value
FMCB	952.00
MMM	2,443.06
QCOM	2,336.00
TDS	2,400.00

The lowest amount belongs to FMCB. FMCB last traded at $952.00. Therefore, in order to invest a minimum of $250.00 in FMCB, I need to purchase 1 share this Monday. As the anticipated investment is greater than $750 but less than $1,000, I will suspend the weekly investment of $250 for two consecutive weeks after this acquisition.

FMCB trades over the counter (OTC), and the current bid/ask spread is $953/$975. I will submit a limit order to purchase 1 share for no more than $967. This is the highest amount at which FMCB would still have made the Top Ten. At $968, it would have ranked 11th and another company, not currently in the portfolio would have been 10th.

If the order doesn’t process on Monday, I may close the order and announce a different trade for the week to be executed on Tuesday. Stay tuned.

Below, is the purchase history and average cost calculation.

This week, four of the portfolio holdings ranked in the Top 10: MMM, MO, QCOM, and TDS.

Ticker	Account Value
MMM	2,403.04
MO	2,399.80
QCOM	2,355.20
TDS	2,210.20

The lowest amount belongs to TDS. In order to invest a minimum of $250.00 in TDS, I need to purchase 25 shares this Monday. Below, is the purchase history and average cost calculation.

This week, four of the portfolio holdings ranked in the Top 10: MMM, MO, QCOM, and TDS.

Ticker	Account Value
MMM	2,432.71
MO	2,071.38
QCOM	2,403.20
TDS	2,339.20

The lowest amount belongs to MO. In order to invest a minimum of $250.00 in MO, I need to purchase 6 shares this Monday. Below, is the purchase history and average cost calculation.

This week, four of the portfolio holdings ranked in the Top 10: MMM, MO, QCOM, and TDS.

Ticker	Account Value
MMM	2,336.80
MO	1,777.20
QCOM	2,460.00
TDS	2,382.20

The lowest amount belongs to MO. In order to invest a minimum of $250.00 in MO, I need to purchase 6 shares this Monday. Below, is the purchase history and average cost calculation.

This week, four of the portfolio holdings ranked in the Top 10: MMM, MO, QCOM, and TDS.

Ticker	Account Value
MMM	2,417.53
MO	1,517.08
QCOM	2,551.60
TDS	2,259.65

The lowest amount belongs to MO. In order to invest a minimum of $250.00 in MO, I need to purchase 6 shares this Monday. Below, is the purchase history and average cost calculation.

This week, four of the portfolio holdings ranked in the Top 10: MMM, MO, QCOM, and TDS.

Ticker	Account Value
MMM	2,326.22
MO	1,231.16
QCOM	2,495.20
TDS	2,087.65

The lowest amount belongs to MO. In order to invest a minimum of $250.00 in MO, I need to purchase 6 shares this Monday. Below, is the purchase history and average cost calculation.

The Royal Dividends Portfolio for the Ages has earned $255.52 in dividends to date. Thus, I will add this amount to the usual weekly investment amount of $250. This week, four of the portfolio holdings ranked in the Top 10: MMM, NC, QCOM, and TDS.

Ticker	Account Value
MMM	2,369.46
NC	1,510.03
QCOM	2,414.60
TDS	2,139.25

The lowest amount belongs to NC. In order to invest a minimum of $505.52 in NC, I need to purchase 14 shares this Monday. Below, is the purchase history and average cost calculation.

This week, four of the portfolio holdings ranked in the Top 10: MMM, NC, QCOM, and TDS.

Ticker	Account Value
MMM	2,393.38
NC	1,247.12
QCOM	2,303.80
TDS	2,397.25

The lowest amount belongs to NC. In order to invest a minimum of $250 in NC, I need to purchase 7 shares this Monday. Below, is the purchase history and average cost calculation.

This week, five of the portfolio holdings ranked in the Top 10: MMM, MO, NC, QCOM, and TDS.

Ticker	Account Value
MMM	2,559.10
MO	1,023.44
NC	1,339.60
QCOM	2,472.00
TDS	2,569.25

The lowest amount belongs to MO. In order to invest a minimum of $250 in MO, I need to purchase 6 shares this Monday. Below, is the purchase history and average cost calculation.

On February 20th, in the interest of raising some covered call premium as a hedge against the chance that TDS would not be able to continue their amazing 49-year streak of dividend increases, I set up a limit order on a GTC basis. There are 215 shares of TDS in the portfolio and thus the order was for 2 contracts, representing 100 shares each:

Sell to Open: 2 August 18, 2023 $17.50 Call Options [Symbol: TDS230818C17.5]

Limit Order Price:  Credit of $0.56 per share

I knew TDS would have to move up a bit from where it was at $13.70 in order for the trade to trigger at $0.56. I mentioned later in the post that I might be willing to accept $0.38 as that would still be twice the quarterly dividend. Sadly, the market gapped down before market open on Tuesday the 21st and even $0.38 wouldn’t trigger.

In fact, over the last 7 trading days, TDS has dropped nearly 12% to $12.11. Rather than wait to see whether or not it can bounce back to $14 in the coming weeks, I decided to take action.

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