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FMCB Goes to a Quarterly Dividend

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.

Dividend King of the Week [PEP][2]

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

TickerAccount Value
BDX3,678.59
FMCB4,141.24
HTO3,251.97
PEP993.86
PPG3,446.19
SCL3,340.84

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.

Dividend King of the Week [PEP]

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

TickerAccount Value
BDX3,507.40
FMCB4,107.04
HTO3,340.29
PPG3,420.45
SCL3,211.64

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!

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Dividend King of the Week [PEP]Read More »

Dividend King of the Week [SCL][9]

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

TickerAccount Value
BDX3,549.96
FMCB4,180.00
HTO3,128.58
PPG3,653.76
QCOM3,722.09
SCL2,982.82

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.

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Dividend King of the Week [SCL][9]Read More »

Dividend King of the Week [PPG][10]

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

TickerAccount Value
BDX3,655.41
FMCB4,216.01
HTO3,179.61
PPG3,079.44
QCOM3,676.32
SCL3,109.30

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.

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Dividend King of the Week [PPG][10]Read More »

No Purchase This Week [38]

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.

TickerAccount Value
BDX3,666.62
FMCB4,160.00
HTO3,173.31
PPG3,114.44
QCOM3,696.79
SCL3,101.86

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.

Coronation! [MGEE]

It’s after dusk in Madison, Wisconsin, July 19, 1855. Legislators have just gaslit the public and about 2,000 people have marched to the steps of the Capitol. When they get there, a few of the area’s more notable politicians deliver a series of impromptu speeches. Were it not for a hard rain that came during the fourth speech, resulting in the dispersal of the crowd, things could have gotten dark – but thankfully, the lights stayed on.

Gaslighting wasn’t always a bad thing. Back in 1855, the Madison Gas Light & Coke Company had just been granted exclusive rights to illuminate the city’s streets with gas-powered lamps. The 2,000 people who marched to the Capitol that evening weren’t duped by months of political deceit—they were genuinely thrilled. Their gathering wasn’t a protest, but a celebration of progress: the arrival of streetlamps that would finally light up Madison’s nights. In that moment, “gaslighting” meant something entirely different—it meant turning darkness into light.

Over the next 170 years, the Madison Gas Light & Coke Company would evolve—changing names, expanding its footprint, and adding a constellation of related businesses. Its modern incarnation has paid uninterrupted cash dividends for more than 110 years. On August 15, 2025, it marked a milestone few companies ever reach: 50 consecutive years of dividend increases. With that announcement, a new Dividend King has officially joined the Royal Dividends Empire.

All hail MGE Energy Inc!

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Coronation! [MGEE]Read More »

No Purchase This Week [37]

This week is the fourth 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.

TickerAccount Value
BDX3,793.54
FMCB4,160.00
HTO3,211.74
PPG3,199.56
QCOM3,634.23
SCL3,217.18

The lowest amount belongs to PPG, but there is a position imbalance such that only four existing holdings are eligible for additional investment: EPD, FRT, NNN, and UHT. As you can see, none of those companies are in the table above. That means, the highest-ranking stock in the Top Ten, but not currently in the portfolio (and regardless of sector, as there is no sector imbalance) would be added to the portfolio. For the fourth week in a row, that stock is Pepsi Co. [PEP].

Again, it is an ‘off’ week, so we’ll just continue to monitor the situation.

No Purchase This Week [36]

This week is the third 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. Due to an inability to curb my enthusiasm, I present the weekly ranking as if it matters.

This week, six of the portfolio holdings ranked in the Top Ten: BDX, FMCB, HTO, PPG, QCOM, and SCL.

TickerAccount Value
BDX3,722.86
FMCB4,145.12
HTO3,151.26
PPG3,130.40
QCOM3,630.55
SCL3,059.70

The lowest amount belongs to SCL, but there is a position imbalance such that only four existing holdings are eligible for additional investment: EPD, FRT, NNN, and UHT. As you can see, none of those companies are in the table above. That means, the highest-ranking stock in the Top Ten, but not currently in the portfolio (and regardless of sector as there is no sector imbalance) would be added to the portfolio. For the third week in a row, the stock is Pepsi Co. [PEP].

Again, it is an ‘off’ week, so we’ll just monitor the situation for two more weeks.

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