This week, five of the portfolio holdings ranked in the Top 10: BKH, FMCB, MMM, NFG, and TDS.
| Ticker | Account Value |
| BKH | 1,883.52 |
| FMCB | 2,997.00 |
| MMM | 2,129.34 |
| NFG | 1,958.80 |
| TDS | 4,840.35 |
The lowest amount belongs to BKH which last traded at $52.32. Therefore, in order to invest a minimum of $250 in BKH, I need to purchase 5 shares on Monday. Below, is the purchase history and average cost calculation.
This week, five of the portfolio holdings ranked in the Top 10: BKH, MMM, NFG, PPG, and TDS.
| Ticker | Account Value |
| BKH | 1,874.88 |
| MMM | 2,098.75 |
| NFG | 1,920.00 |
| PPG | 1,844.83 |
| TDS | 4,843.80 |
TDS dropped 24% in a single day on disappointing quarterly earnings. I plan to write a bit more on TDS later this weekend. Thankfully, Royal Dividends is heavily invested in TDS and suffered a massive blow to performance. Now, for the first time in quite a while, I can happily state the portfolio is completely within weight tolerances.
The smallest position above is PPG and it last traded at $141.91. Therefore, in order to invest a minimum of $250 in PPG, I would purchase two shares on Tuesday [the market is closed on President’s Day]. However, there is $309.30 in accumulated dividends and option premium. I will use most of that to acquire another couple of shares for a total of four. Below, is the purchase history and average cost calculation. See the post on 2024-01-27 for an updated look at PPG’s historical performance.
TDS is announcing earnings tomorrow morning. Not only do I anticipate that they will announce their 50th consecutive year of dividend increases, and thus become a Dividend King, but there is also the possibility of even bigger news regarding US Cellular [USM]. It is visible in the size of the option premiums. I would like to have a bit more breathing room with this position. As a result, I have chosen to roll up and out. The details are below.
In the same, two-legged, GTC option order:
Buy to Close: (3) May 17, 2024 $22.50 Call Options [Symbol: TDS240517C22.5]
Sell to Open: (3) August 16, 2024 $25.00 Call Options [Symbol: TDS240816C25]
Limit Order Price: Credit of $0.25 per share
I was lucky enough to get a $0.25 credit from my order affecting 300 covered shares. After commissions, this resulted in a $71.92 credit and exceeds the last quarterly dividend of $63.83 on all 345 shares. That’s a nice roll credit for a 3-month extension in the expiry date and the possibility of receiving an additional $750 in capital gains should TDS climb further on any good news.
This week, four of the portfolio holdings ranked in the Top 10: BKH, MMM, NFG, and PPG.
| Ticker | Account Value |
| BKH | 1,858.32 |
| MMM | 2,136.70 |
| NFG | 1,621.12 |
| PPG | 1,814.54 |
As of this writing, the portfolio no longer has a sector imbalance; there is only a slight overexposure to QCOM and TDS. Had either of those tickers made this week’s Top 10, they would not have been eligible for additional investment.
Of the current holdings that made the Top 10, the lowest amount belongs to NFG. It last traded at $47.68. Therefore, in order to invest a minimum of $250 in NFG, I need to purchase 6 shares on Monday. Below, is the purchase history and average cost calculation.
This week, five of the portfolio holdings ranked in the Top 10: BKH, MMM, NFG, PII, and PPG.
| Ticker | Account Value |
| BKH | 1,842.48 |
| MMM | 2,182.01 |
| NFG | 1,591.20 |
| PII | 1,718.36 |
| PPG | 1,540.99 |
There is currently an overexposure to the following positions: QCOM and TDS. Had either of these made this week’s Top 10, they would not be eligible for additional investment. The smallest position above is PPG and it last traded at $140.09. Therefore, in order to invest a minimum of $250 in PPG, I need to purchase 2 shares on Monday. Below, is the purchase history and average cost calculation. See the post on 2024-01-27 for an updated look at PPG’s historical performance.
This week, five of the portfolio holdings ranked in the Top 10: BKH, MMM, NFG, PII, and PPG.
| Ticker | Account Value |
| BKH | 1,828.80 |
| MMM | 2,207.77 |
| NFG | 1,619.08 |
| PII | 1,736.03 |
| PPG | 1,287.36 |
There is currently an overexposure to the following positions: FMCB, QCOM, and TDS. Had any of these made this week’s Top 10, they would not be eligible for additional investment. The smallest position above is PPG and it last traded at $143.04. Therefore, in order to invest a minimum of $250 in PPG, I need to purchase 2 shares on Monday. Below, is the purchase history and average cost calculation.
This week, five of the portfolio holdings ranked in the Top 10: BKH, FMCB, MMM, NFG, and PII.
| Ticker | Account Value |
| BKH | 1,557.13 |
| FMCB | 2,925.00 |
| MMM | 2,478.48 |
| NFG | 1,625.20 |
| PII | 1,777.83 |
There is currently an overexposure to QCOM and TDS. These tickers are not eligible for additional investment at this time. However, these tickers did not make it into the Top 10 and so we proceed unfettered. The smallest position above is BKH and it last traded at $50.23. Therefore, in order to invest a minimum of $250 in BKH, I need to purchase 5 shares on Monday, January 22, 2024. Below, is the purchase history and average cost calculation.
This week, three of the portfolio holdings ranked in the Top 10: MMM, NFG, and PII.
| Ticker | Account Value |
| MMM | 2,486.76 |
| NFG | 1,461.02 |
| PII | 1,675.04 |
As of this writing, the portfolio no longer has a sector imbalance; there is only a slight overexposure to TDS. Had it made this week’s Top 10, it would not have been eligible for additional investment.
Of the current holdings that made the Top 10, the lowest amount belongs to NFG. It last traded at $50.38. Therefore, in order to invest a minimum of $250 in NFG, I need to purchase 5 shares on Tuesday (the market is closed on Monday). For those interested in how NFG has been performing, the 2023-12-16 trade post provides some additional historical information and analysis specific to NFG. Below, is the purchase history and average cost calculation.
This week, three of the portfolio holdings ranked in the Top 10: MMM, NFG, and PII.
| Ticker | Account Value |
| MMM | 2,497.57 |
| NFG | 1,466.82 |
| PII | 1,426.72 |
As of this writing, the portfolio no longer has a sector imbalance; there is only a slight overexposure to TDS. Had it made this week’s Top 10, it would not have been eligible for additional investment.
Of the current holdings that made the Top 10, the lowest amount belongs to PII. It last traded at $89.17. Therefore, in order to invest a minimum of $250 in PII, I need to purchase 3 shares on Monday. For those interested in how PII has been performing, the 2023-11-18 trade post provides some additional historical information and analysis specific to PII. Below, is the purchase history and average cost calculation.
This week, six of the portfolio holdings ranked in the Top 10: BKH, MDT, MMM, MO, NFG, and PII.
| Ticker | Account Value |
| BKH | 1,402.70 |
| MDT | 1,729.98 |
| MMM | 2,514.36 |
| MO | 2,339.72 |
| NFG | 1,454.93 |
| PII | 1,516.32 |
There is currently an overexposure to the following positions: FMCB, QCOM, and TDS. These tickers are not eligible for additional investment at this time. However, these tickers did not make it into the Top 10 and so we proceed unfettered. The smallest position above is BKH and it last traded at $53.95. Therefore, in order to invest a minimum of $250 in BKH, I need to purchase 5 shares on Tuesday, January 2, 2024. Below, is the purchase history and average cost calculation.
