Dividend Stock of the Week [MDT][3]
This week will count as the second of three ‘off’ weeks intended to restore the $250+ per week pace of investment due to the acquisition of EPD. However, there is over $250 ($263.24 to be exact) of uninvested income in the account and I am going to deploy it.
This week, five of the portfolio holdings ranked in the Top Ten: FMCB, MDT, PPG, SJW, and TGT.
Ticker | Account Value |
FMCB | 2,903.25 |
MDT | 1,636.95 |
PPG | 2,481.78 |
SJW | 1,691.57 |
TGT | 1,834.20 |
While there is no sector imbalance at this time, there is a position imbalance. QCOM and TDS are off limits for additional investment, but they’re not in the Top 10 so there is no concern. The lowest amount belongs to MDT which last traded at $77.95. Therefore, being careful not to go over the $263.24 available, I will acquire 3 shares of MDT on Monday. Below, is the purchase history and average cost calculation.
