This week, seven of the portfolio holdings ranked in the Top 10.
| Ticker | Account Value |
| BDX | 3,530.77 |
| FMCB | 4,068.00 |
| HTO | 3,496.92 |
| PEP | 1,970.15 |
| PPG | 3,415.50 |
| SCL | 3,137.52 |
| VZ | 6,871.14 |
The lowest amount belongs to PEP. However, there exists a position imbalance such that only UHT is eligible for additional investment. Unfortunately, it is not ranked in the Top 10. That can only mean one thing.
It is time to add a new position to the Portfolio for the Ages!
…This week is the last of two ‘off’ weeks intended to restore the $250+ per week pace of investment. This is necessary because a new position was established in PEP. It may be an ‘off’ week from an investment perspective, but Royal Dividends never shuts down – there are things to discuss.
This week, six of the portfolio holdings ranked in the Top Ten.
| Ticker | Account Value |
| BDX | 3,592.90 |
| FMCB | 4,071.96 |
| HTO | 3,465.87 |
| PEP | 1,998.23 |
| PPG | 3,351.81 |
| SCL | 3,102.16 |
The lowest amount belongs to PEP. However, there is a position imbalance leaving only UHT eligible for new funds. But UHT is not in the Top Ten. This means I would be adding a new position to the portfolio, the highest-ranking stock not already in the portfolio, which this week is Automatic Data Processing Inc [ADP]. We’ll have to wait until next week to see if the situation changes.
…This week is the first of two ‘off’ weeks intended to restore the $250+ per week pace of investment. This is necessary because a new position was established in PEP. But just to stave off early onset dementia, I’ll go through the motions.
This week, seven of the portfolio holdings ranked in the Top Ten.
| Ticker | Account Value |
| BDX | 3,544.64 |
| FMCB | 4,080.00 |
| HTO | 3,362.37 |
| PEP | 1,650.88 |
| PPG | 3,249.84 |
| QCOM | 3,532.57 |
| SCL | 3,209.60 |
The lowest amount belongs to PEP. However, acquiring two shares of PEP would put the portfolio out of balance from a position perspective, leaving only UHT eligible for new funds. But UHT is not in the Top Ten. This means I would be adding a new position to the portfolio, the highest-ranking stock among the three stocks left in the Top Ten not already in the portfolio. They are all in the Communication Services sector. I’ll leave you in suspense as to which company it could have been, because again, this is an ‘off’ week and two weeks from now, the situation could very well be different.
…To the casual observer, it would appear that FMCB just paid a smaller dividend than the one previous to it, a disastrous event for a Dividend King. However, that $5.00 dividend was the first quarterly dividend in FMCB’s long history. That’s right, on 2025-08-13, in conjunction with the declaration of that $5 dividend, FMCB announced that the Company is changing its dividend policy related to the frequency of cash dividend payments from semi-annually to quarterly.
This news, in addition to the announcement of a massive increase to their share repurchase program can only help put FMCB on the radar. These announcements make FMCB a more attractive investment and that in turn should help the stock close the gap between where it trades today and a fair value that is closer to $1,500.
This week, six of the portfolio holdings ranked in the Top 10.
| Ticker | Account Value |
| BDX | 3,678.59 |
| FMCB | 4,141.24 |
| HTO | 3,251.97 |
| PEP | 993.86 |
| PPG | 3,446.19 |
| SCL | 3,340.84 |
The lowest amount belongs to PEP and we’re sittin’ pretty all together in Schaefer City, because the existing position imbalance is such that there are only three positions eligible for additional investment at this time and PEP is one of them (the other two being FRT and UHT). Additionally, we have $296.01 of uninvested income that we can deploy. Therefore, I will purchase 4 shares of PEP on Monday. Below, is the purchase history and average cost calculation.
This week, five of the portfolio holdings ranked in the Top 10.
| Ticker | Account Value |
| BDX | 3,507.40 |
| FMCB | 4,107.04 |
| HTO | 3,340.29 |
| PPG | 3,420.45 |
| SCL | 3,211.64 |
The lowest amount belongs to SCL. However, there exists a position imbalance such that only EPD, FRT, and UHT are eligible for additional investment. Unfortunately, none of these have performed so poorly, relative to expectations, that they ranked in the Top 10. It can only mean one thing.
It is time to add a new position to the Portfolio for the Ages!
…This week, five of the portfolio holdings ranked in the Top Ten.
| Ticker | Account Value |
| BDX | 3,553.76 |
| FMCB | 4,106.00 |
| HTO | 3,068.73 |
| PPG | 3,610.86 |
| SCL | 3,302.08 |
The lowest amount belongs to HTO which last traded at $48.71. Therefore, I will acquire 6 shares on Monday. Below, is the purchase history and average cost calculation.
This week, six of the portfolio holdings ranked in the Top Ten.
| Ticker | Account Value |
| BDX | 3,549.96 |
| FMCB | 4,180.00 |
| HTO | 3,128.58 |
| PPG | 3,653.76 |
| QCOM | 3,722.09 |
| SCL | 2,982.82 |
The lowest amount belongs to SCL which last traded at $48.11. Therefore, I will acquire 6 shares on Monday. Below, is the purchase history and average cost calculation.
This week, six of the portfolio holdings ranked in the Top Ten.
| Ticker | Account Value |
| BDX | 3,655.41 |
| FMCB | 4,216.01 |
| HTO | 3,179.61 |
| PPG | 3,079.44 |
| QCOM | 3,676.32 |
| SCL | 3,109.30 |
There is an additional $321.00 in uninvested income available this week. The lowest amount belongs to PPG which last traded at $109.98. Therefore, I will acquire 5 shares on Monday. Below, is the purchase history and average cost calculation.
This week is the last of five ‘off’ weeks intended to restore the $250+ per week pace of investment. This became necessary after establishing new positions in SCL and UHT.
This week, six of the portfolio holdings ranked in the Top Ten: BDX, FMCB, HTO, PPG, QCOM, and SCL.
| Ticker | Account Value |
| BDX | 3,666.62 |
| FMCB | 4,160.00 |
| HTO | 3,173.31 |
| PPG | 3,114.44 |
| QCOM | 3,696.79 |
| SCL | 3,101.86 |
The lowest amount belongs to SCL. This week there is no position or sector imbalance, and nothing would have precluded investment in SCL, except that it is an ‘off’ week.
