This week, four of the portfolio holdings ranked in the Top 10: FMCB, MDT, MMM, and PII.
Ticker
Account Value
FMCB
2,823.00
MDT
1,270.92
MMM
2,192.82
PII
921.80
As of this writing, the portfolio no longer has a sector imbalance. However, there is currently an overexposure to the following positions (tickers in bold made the Top Ten this week): TDS, QCOM, FMCB, MO, MMM, NC, TGT, and MDT. None of these tickers are eligible for additional investment at this time. No matter, the lowest amount belongs to PII and it is eligible for an investment of additional funds.
PII last traded at $92.18. Therefore, in order to invest a minimum of $250 in PII, I need to purchase 3 shares on Monday. Below, is the purchase history and average cost calculation.
This week is the third and final ‘off’ week. This restores the $250+ per week pace of investment. Read on to find out which position would have been most worthy of new money.
This week, five of the portfolio holdings ranked in the Top Ten: BKH, MDT, MMM, PII, and TGT.
Ticker
Account Value
BKH
1,031.94
MDT
1,201.56
MMM
2,134.63
PII
878.10
TGT
1,083.30
The lowest amount belongs to PII and there is nothing that would preclude additional investment into that position, other than that of it being an off week.
TDS broke $20.00 for the first time in a while on Friday, November 3, 2023. 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) February 16, 2024 $20.00 Call Options [Symbol: TDS240216C20]
Sell to Open: (3) May 17, 2024 $22.50 Call Options [Symbol: TDS240517C22.5]
Limit Order Price: Credit of $0.15 per share
I was lucky enough to get a $0.22 credit from my order affecting 300 covered shares. After commissions, this resulted in a $62.92 credit and nearly equals 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. And they could use some.
This week is the second of three consecutive ‘off’ weeks intended to restore the $250+ per week pace of investment. Read on to find out which position would have been most worthy of new money.
This week, six of the portfolio holdings ranked in the Top Ten: BKH, MDT, MMM, MO, PII, and TGT.
Ticker
Account Value
BKH
1,081.92
MDT
1,233.52
MMM
2,158.78
MO
2,358.86
PII
926.50
TGT
1,128.50
The lowest amount belongs to PII and there is nothing that would preclude additional investment into that position, other than that of it being an off week.
I added MDT to the portfolio last week. This will be the first of three ‘off’ weeks intended to restore the $250+ per week pace of investment. The putrid performance of the broader market has infected the Royal Dividends portfolio. Read on, to find out which position would have been most worthy of new money.
This week, five of the portfolio holdings ranked in the Top Ten: BKH, MMM, MO, PII, and TGT.
Ticker
Account Value
BKH
1,014.30
MMM
2,012.96
MO
2,279.40
PII
852.70
TGT
1,072.30
The lowest amount belongs to PII and there is nothing that would preclude additional investment into that position, other than that of it being an off week.
This week, five of the portfolio holdings ranked in the Top 10: BKH, MMM, NNN, PII and TGT.
Ticker
Account Value
BKH
1,063.02
MMM
2,039.64
NNN
926.12
PII
971.30
TGT
1,119.80
The lowest amount belongs to NNN. However, there are imbalances in the portfolio, from both a stock perspective and a sector perspective, due to the outperformance of TDS in recent months. Two sectors are eligible for additional investment at this time: Health Care and Materials. None of the five stocks above are from these sectors. Materials and Health Care are nowhere to be found in the entire Top Ten. However, the Top Thirteen includes a health care company, and it isn’t current portfolio holding ABBV.
Addicts and gamblers, <fine, if you insist> investors, it is time to add a new position to the Portfolio for the Ages!
This is the last of three weeks where I am refraining from the usual investment of $250+ into the portfolio, in an effort to restore the $250+ per week average. Uninvested dividends are above $250 yet again ($286.89 to be exact) and in theory, those funds could be invested this week. Let’s see how things play out.
This week, four of the portfolio holdings ranked in the Top Ten: MMM, NNN, PII, and TGT.
Ticker
Account Value
MMM
2,039.64
NNN
926.12
PII
971.30
TGT
1,119.80
The lowest amount belongs to NNN. However, a slight restoration in the recent outperformance of TDS has created a tiny sector imbalance. Strict adherence to this would mean that only the Materials and Healthcare sectors are eligible for investment at this time. NNN is in Real Estate and the other three are in non-eligible sectors as well (MMM is ineligible regardless of sector because it is part of an overweighting imbalance from a stock perspective). There are only two existing portfolio positions that would be eligible: PPG (Materials) and ABBV (Healthcare), but the former would add to the stock imbalance and the latter did not make it into the list of 31 companies that passed my filters. This would leave adding a new position from one of the two sectors. The Top Ten has one such company, MDT, from the Health Care sector. Unfortunately, I prefer to enter new positions with a minimum of $1,000 and this is beyond the amount of the accumulated dividends. And so, why push it? This is an off week, and it will remain so.
Next week, assuming no additional dividends trickle in, I will add approximately $537 to an existing position or $1,287 to a new position.
This is the second of three weeks where I am refraining from the usual investment of $250+ into the portfolio, in an effort to restore the $250+ per week average. Below, I present how things would have gone.
This week, five of the portfolio holdings ranked in the Top Ten: BKH, MMM, NNN, PII, and TGT.
Ticker
Account Value
BKH
1,015.98
MMM
2,033.20
NNN
901.68
PII
974.30
TGT
1,050.10
The lowest amount belongs to NNN. Due to the massive sell-off in the market, and TDS’s willingness to follow along with unbridled enthusiasm, there are no sector imbalances in the portfolio for the first time in weeks. So, there would be nothing to preclude that investment other than the fact that I’m sitting this week out.
This is the first of three weeks where I am refraining from the usual investment of $250+ into the portfolio, in an effort to restore the $250+ per week average. Below, I present how things would have gone.
This week, five of the portfolio holdings ranked in the Top Ten: BKH, MMM, NNN, PII, and TGT.
Ticker
Account Value
BKH
1,062.39
MMM
2,153.26
NNN
918.84
PII
1,041.40
TGT
1,105.70
The lowest amount belongs to NNN. However, an investment into any sector other than Health Care or Materials would only continue the imbalance in the portfolio, created largely by the outperformance of TDS. However, there are no companies from either sector in the Top Ten. If I were to simply extend the Top 10 to the Top 19, medical device maker Medtronic PLC [MDT] would make the list. It would be a brand-new position in the portfolio. The sector imbalance is negligible, however, and all sectors may very well be eligible for additional investment in three weeks.
This week, four of the portfolio holdings ranked in the Top 10: MMM, NNN, QCOM and TGT.
Ticker
Account Value
MMM
2,231.92
NNN
938.34
QCOM
2,476.64
TGT
1,126.00
The lowest amount belongs to NNN. However, there are imbalances in the portfolio, from both a stock perspective and a sector perspective, due to the outperformance of TDS in recent weeks. Three sectors are ‘eligible’ for additional investment at this time: Consumer Discretionary, Health Care, and Materials. None of the four stocks above are from these sectors. Materials and Health Care are nowhere to be found in the entire Top Ten. However, the Top Ten does include one stock from the Consumer Discretionary sector coming in at #7. Investing $1,000 into this stock will put the portfolio back into alignment from a sector perspective and substantially improve the balance from a stock perspective.
Folks, it is time to add a new position to the Portfolio for the Ages!
