On 2025-12-31, the equally weighted S&P 500 Index [SPXEW] closed at 7,763.92, up 9.3% for the year excluding dividends. To assess the performance with dividends, it is convenient to look at the total return of the Invesco S&P 500 Equal Weight ETF [RSP].
The dividends yielded 1.8%. The real question: How did the Portfolio for the Ages do?
…CMCSA’s $0.33 quarterly dividend is yielding 4.5% right now. Wouldn’t it be nice to collect two dividends every quarter? Done.
Sell to Open (GTC): One March 20, 2026 $35.00 Call Option [Symbol: CMCSA260320C35]
Limit Order Price: Credit of $0.35 per share
This call has an 87.32% chance of expiring worthless in 82 days and pays us slightly more than the dividend we will collect on 2026-02-04.
Selling the covered call on VZ (see last post) will bring the uninvested cash to $278.72. We will add that to our typical $250+ investment.
This week, six of the portfolio holdings ranked in the Top Ten.
| Ticker | Account Value |
| BDX | 3,730.27 |
| CMCSA | 2,432.12 |
| HTO | 3,369.27 |
| PEP | 2,444.26 |
| PPG | 3,442.56 |
| VZ | 7,164.96 |
The lowest amount belongs to CMCSA which last traded at $29.66. With the additional cash mentioned above, I will acquire 18 shares 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.
Our existing call, VZ251226C42, has expired worthless and Royal Dividends is $44.59 richer for it. It is time to rinse and repeat.
Sell to Open (GTC): One March 20, 2026 $43.00 Call Option [Symbol: VZ260320C43]
Limit Order Price: Credit of $0.50 per share
Barring any unforeseen developments, this will process at market open on Monday morning. Depending on one’s commission rate this will bring in at least $49.00. I expect $49.59 to land in the Royal Dividends account.
This week, six of the portfolio holdings ranked in the Top Ten.
| Ticker | Account Value |
| BDX | 3,716.21 |
| CMCSA | 2,424.74 |
| HTO | 3,377.55 |
| PEP | 2,222.40 |
| PPG | 3,388.44 |
| VZ | 7,048.14 |
The lowest amount belongs to PEP which last traded at $148.16. 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.
This week, six of the portfolio holdings ranked in the Top Ten.
| Ticker | Account Value |
| BDX | 3,816.91 |
| CMCSA | 1,960.56 |
| HTO | 3,384.45 |
| PEP | 2,259.75 |
| PPG | 3,416.82 |
| VZ | 7,237.53 |
The lowest amount belongs to CMCSA which last traded at $27.23. Therefore, I will acquire 10 shares 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.
Two adjustments have been made to the weekly ranking process, prompting a refreshed presentation of the investment plan. The modifications are minor refinements; eight stocks remained consistent across both the previous and revised methods applied to this week’s Top Ten.
…Consistent with the announcement on 2025-11-13, I received a tender offer from FMCB to sell all of my shares back to the company for ‘cash at a price of the volume weighted average per security as of the close of NYSE trading on’ 2025-12-23.
I will be declining that offer.
Even trading near all-time highs, FMCB is still at least $400 shy of their fair value. Furthermore, the move to a quarterly dividend may very well make FMCB a more attractive income stock going forward. There is no compelling reason to close out our position.
This week, we have $375.37 in uninvested cash available, along with the usual $250+ weekly contribution. On top of that, six of our portfolio holdings ranked in the Top 10.
| Ticker | Account Value |
| BDX | 3,685.24 |
| CMCSA | 1,966.32 |
| FMCB | 4,386.40 |
| HTO | 3,305.79 |
| PEP | 1,885.26 |
| PPG | 3,333.99 |
The lowest amount belongs to PEP which last traded at $145.02. Therefore, I will acquire 4 shares on Monday. Below, is the purchase history and average cost calculation.
Somnigroup International Inc [SGI] has made an unsolicited offer to purchase LEG for $12.00. LEG is up about 10% on the news and is trading near $11.40. Time to sell covered calls.
Selling to Open: 3 March 20, 2026 $12.50 Call Options [Symbol: LEG260320C12.5]
Limit Order Price: Credit of $0.55 per share
