This week, five of the portfolio holdings ranked in the Top 10: BKH, FMCB, MMM, NFG, and PII.
Ticker
Account Value
BKH
1,557.13
FMCB
2,925.00
MMM
2,478.48
NFG
1,625.20
PII
1,777.83
There is currently an overexposure to QCOM and TDS. These tickers are not eligible for additional investment at this time. However, these tickers did not make it into the Top 10 and so we proceed unfettered. The smallest position above is BKH and it last traded at $50.23. Therefore, in order to invest a minimum of $250 in BKH, I need to purchase 5 shares on Monday, January 22, 2024. Below, is the purchase history and average cost calculation.
This week, three of the portfolio holdings ranked in the Top 10: MMM, NFG, and PII.
Ticker
Account Value
MMM
2,486.76
NFG
1,461.02
PII
1,675.04
As of this writing, the portfolio no longer has a sector imbalance; there is only a slight overexposure to TDS. Had it made this week’s Top 10, it would not have been eligible for additional investment.
Of the current holdings that made the Top 10, the lowest amount belongs to NFG. It last traded at $50.38. Therefore, in order to invest a minimum of $250 in NFG, I need to purchase 5 shares on Tuesday (the market is closed on Monday). For those interested in how NFG has been performing, the 2023-12-16 trade post provides some additional historical information and analysis specific to NFG. Below, is the purchase history and average cost calculation.
On January 3, 2024, Walgreens Boots Alliance Inc. [WBA] announced that its next quarterly dividend will be $0.25. That should amount to $1.00 per share for calendar year 2024, a generous yield of 4%. Unfortunately, that $1.00 per share will be a 48% drop from the dividends paid in 2023 and the end of a 48-year dividend increase streak.
This week, three of the portfolio holdings ranked in the Top 10: MMM, NFG, and PII.
Ticker
Account Value
MMM
2,497.57
NFG
1,466.82
PII
1,426.72
As of this writing, the portfolio no longer has a sector imbalance; there is only a slight overexposure to TDS. Had it made this week’s Top 10, it would not have been eligible for additional investment.
Of the current holdings that made the Top 10, the lowest amount belongs to PII. It last traded at $89.17. Therefore, in order to invest a minimum of $250 in PII, I need to purchase 3 shares on Monday. For those interested in how PII has been performing, the 2023-11-18 trade post provides some additional historical information and analysis specific to PII. Below, is the purchase history and average cost calculation.
This week, six of the portfolio holdings ranked in the Top 10: BKH, MDT, MMM, MO, NFG, and PII.
Ticker
Account Value
BKH
1,402.70
MDT
1,729.98
MMM
2,514.36
MO
2,339.72
NFG
1,454.93
PII
1,516.32
There is currently an overexposure to the following positions: FMCB, QCOM, and TDS. These tickers are not eligible for additional investment at this time. However, these tickers did not make it into the Top 10 and so we proceed unfettered. The smallest position above is BKH and it last traded at $53.95. Therefore, in order to invest a minimum of $250 in BKH, I need to purchase 5 shares on Tuesday, January 2, 2024. Below, is the purchase history and average cost calculation.
This week, six of the portfolio holdings ranked in the Top 10: FMCB, MDT, MMM, MO, NFG, and PII.
Ticker
Account Value
FMCB
3,000.00
MDT
1,720.32
MMM
2,445.59
MO
2,340.88
NFG
1,218.72
PII
1,513.76
There is currently an overexposure to the following positions: QCOM and TDS. These tickers are not eligible for additional investment at this time. However, these tickers did not make it into the Top 10 and so we can proceed unfettered. Of the six tickers currently in the portfolio and ranked in this week’s Top 10, NFG has the lowest account value. NFG last traded at $50.78. Therefore, in order to invest a minimum of $250 in NFG, I need to purchase 5 shares on Tuesday. Below, is the purchase history and average cost calculation.
This week, six of the portfolio holdings ranked in the Top 10: BKH, FMCB, MDT, MMM, NFG, and PII.
Ticker
Account Value
BKH
1,420.12
FMCB
2,970.00
MDT
1,734.81
MMM
2,460.54
NFG
708.40
PII
1,470.24
There is currently an overexposure to the following positions (tickers in bold made the Top 10 this week): FMCB, QCOM, and TDS. These tickers are not eligible for additional investment at this time. There is one clear loser, however, NFG! It has dropped well below the $1,000 I started the position with, and it is eligible for further investment.
NFG last traded at $50.60. Therefore, in order to invest a minimum of $250 in NFG, I need to purchase 5 shares on Monday. However, in addition to the typical weekly investment, the accumulated dividend total has crossed over the $250 threshold yet again. Lucky for NFG, there is an additional $260.08 available for investment. Now, I don’t want to go over on this number, so I’ll just use this amount to acquire 5 more for a total of 10 shares. Below, is the purchase history and average cost calculation.
This week, four of the portfolio holdings ranked in the Top 10: FMCB, MDT, MMM, and PII.
Ticker
Account Value
FMCB
2,829.00
MDT
1,348.95
MMM
2,377.51
PII
1,437.76
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): FMCB, MMM, MO, QCOM, and TDS. None of these tickers are eligible for additional investment at this time. No matter, the lowest amount belongs to MDT and it is eligible for further investment.
MDT last traded at $79.35. Therefore, in order to invest a minimum of $250 in MDT, I need to purchase 4 shares on Monday. Below, is the purchase history and average cost calculation.
On May 4, 2023, Johnson & Johnson [JNJ] split off a significant portion of its consumer healthcare business, representing approximately 17% of its revenue. On July 20, 2023, this new company declared its first quarterly dividend of $0.20, reminding investors why it is a Dividend King. Whaaaat?!
Well, it turns out there are, if not rules per se, considerations that determine whether a parent company’s streak of paying and increasing dividends shall be passed onto or inherited by a newly created company in a divestiture. Those considerations take into account whether the new company was a significant component of the parent company, whether it will pay a dividend of its own, the size and yield of both dividends before and after the divesture, and who knows what else. But here’s the thing: you and I don’t decide. In this case, S&P Global Inc [SPGI], themselves a Dividend King, made the decision.
On August 22, 2023, S&P Global made the announcement that this newly formed company would be added to the S&P 500 Dividend Aristocrats Index. A company does not make it into this distinguished list unless they’ve increased their dividend for a minimum of 25 years. Further, because JNJ is a Dividend King with a 61-year increase streak, one can logically assume that this entire streak, and not some lesser streak between 25 and 61 years, is what has been inherited. And thus, Sure Dividend has concluded that this newly created company is in fact a Dividend King and I see no reason to argue.
This week, four of the portfolio holdings ranked in the Top 10: FMCB, MDT, MMM, and PII.
Ticker
Account Value
FMCB
2,850.03
MDT
1,359.83
MMM
2,296.55
PII
1,136.33
As of this writing, the portfolio no longer has a sector imbalance. However, there is an overexposure to the following positions (tickers in bold made the Top Ten this week): BKH, FMCB, MMM, MO, NC, QCOM, and TDS. 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 $87.41. Therefore, in order to invest a minimum of $250 in PII, I need to purchase 3 shares on Monday. The 2023-11-18 trade post provides additional historical information for PII. Below, is the purchase history and average cost calculation.
