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Selling Shares of Waters Corporation [WAT]

BDX recently completed the separation of its Biosciences & Diagnostic Solutions business, which is now combined with an existing publicly traded company, Waters Corporation [WAT]. For every share of BDX held at the close of business on 2026-02-05, shareholders received .135 shares of WAT and cash in lieu of partial shares after market close on 2026-02-09. The Royal Dividends portfolio received 2 shares and $83.06 in cash. Using a market order those two shares were sold for $328.0729 per share. The $739.21 in total proceeds will be treated as dividend income received from BDX for performance purposes.

Dividend King of the Week [ADP][2]

This week is the second of three ‘off’ weeks intended to restore the $250+ per week pace of investment. This is necessary because a new position was established in ADP. But guess what – there’s $665.11 of cash available for deployment, so let’s carry on, shall we?

This week, six of the portfolio holdings ranked in the Top Ten.

TickerAccount Value
ADP925.44
HTO3,613.53
PEP3,921.27
PPG4,174.83
QCOM3,158.82
VZ7,865.87

The lowest amount belongs to ADP. This is very fortunate, because there is a position imbalance whereby the only position eligible for additional investment is in fact, ADP. Let’s grab 2 shares of ADP on Monday morning and we will still count this as an off week because we don’t need to reach into our pockets to make the purchase. Below, is the purchase history and average cost calculation.

Selling a Cash-Secured Put [LEG][2]

Here’s the move I’m making—and you can too, if you’ve got $7500 in available cash sitting around. It’s a straightforward, cash-secured put strategy designed to bring in $350+ after commissions.

Selling to Open: 6 March 20, 2026 $12.50 Put Options [Symbol: LEG260320P12.5]

Limit Order Price:  Credit of $0.60 per share

No Purchase This Week [42]

This week is the first of three ‘off’ weeks intended to restore the $250+ per week pace of investment. This is necessary because a new position was established in ADP. It may be an ‘off’ week from an investment perspective, but Royal Dividends never shuts down – I reveal how things would have played out regardless.

This week, seven of the portfolio holdings ranked in the Top Ten.

TickerAccount Value
ADP987.28
BDX3,866.12
CMCSA3,242.75
HTO3,590.76
PEP3,533.49
PPG3,815.79
QCOM3,486.57

The lowest amount belongs to ADP. Interestingly enough, despite opening a position in ADP last week as a response to a position imbalance, there is still a position imbalance whereby the only positions eligible for additional investment are: ADP, FRT, and UHT. And thus, we would get another share or two of ADP if it weren’t for the fact we need to take this week off.

Dividend King of the Week [ADP]

This week, seven of the portfolio holdings ranked in the Top 10.

TickerAccount Value
BDX3,834.01
CMCSA3,193.70
HTO3,610.77
PEP3,325.34
PPG3,705.57
QCOM3,583.86
VZ6,995.04

The lowest amount belongs to CMCSA. 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!

Dividend Stock of the Week [CMCSA][8]

This week, seven of the portfolio holdings ranked in the Top Ten.

TickerAccount Value
BDX3,935.09
CMCSA2,782.00
HTO3,699.09
PEP3,365.36
PPG3,637.26
QCOM3,666.66
VZ6,887.07

The lowest amount belongs to CMCSA which last traded at $27.82. I will acquire 9 shares on Tuesday as the markets are closed on Monday. See the post from 2025-11-01 for a more in-depth look at CMCSA. Below, is the purchase history and average cost calculation.

Dividend King of the Week [PEP][6]

Along with the usual $250+ weekly contribution, we have $362.21 in uninvested cash available to deploy. This week, six of the portfolio holdings ranked in the Top Ten.

TickerAccount Value
BDX3,852.25
CMCSA2,837.00
HTO3,559.71
PEP2,658.29
PPG3,544.53
VZ7,161.42

The lowest amount belongs to PEP which last traded at $139.91. Therefore, I will acquire 4 shares on Monday. See the post from 2025-12-07 for a more in-depth look at PEP. Below, is the purchase history and average cost calculation.

Selling Shares of Versant Media Group [VSNT]

For every 25 shares of CMCSA held at the close of business on 2025-12-15, shareholders received 1 share of VSNT plus cash in lieu of any fractional shares after market close on 2026-01-02. The Royal Dividends portfolio received 4 shares and no cash1. Using a market order set up before market open, my shares sold for $45.17 per share. The $180.68 in proceeds will be treated as dividend income received from CMCSA for performance purposes.

Coronation! [PNR]

Five colleagues left Litton Industries in 1966 with a plan to go it alone and sell high‑altitude research balloons. The balloons didn’t sell. So, they tried vacuum‑forming plastic canoes. The canoes didn’t sell either. Then came computer software and then, naturally, leather footwear. By 1968, one cofounder had died, three had bailed, and the lone survivor—staring down bankruptcy—brought in an outside investor and bought a failing paper mill, mostly because at that point, why not.

Against all odds, good management actually turned the paper business around, and those profits fueled a long run of acquisitions. Paper eventually gave way to power tools, which gave way to industrial equipment, which gave way to pumps and valves. Today, the whole enterprise has reinvented itself yet again—this time as a focused water‑technology company.

Founded in Minnesota, later headquartered in Switzerland, then incorporated in Ireland, with tax residency in the United Kingdom, yet still keeping its main U.S. office right back in Minnesota, this company of product pivots and postal codes apparently has the financial stability and discipline required to raise dividends for 50 consecutive years.

All hail Pentair plc!

Dividend King of the Week [PEP][5]

This week, six of the portfolio holdings ranked in the Top Ten.

TickerAccount Value
BDX3,703.86
CMCSA2,954.00
HTO3,398.25
PEP2,417.91
PPG3,443.55
VZ7,172.04

The lowest amount belongs to PEP which last traded at $142.23. Therefore, I will acquire 2 shares on Monday. See the post from 2025-12-07 for a more in-depth look at PEP. Below, is the purchase history and average cost calculation.

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