Portfolio Update
The FiveTwenty portfolio received $180.49 in dividends in the past week. BMY, GD, T, and VZ paid their quarterly dividend during the week.
| Past Week Dividend | $180.49 |
| Current Quarter Dividend (Q2 2022) | $363.60 |
| LifeTime Dividend | $3,648.27 |
| Estimated Annual Dividend | $5,093.82 |
The capital allocation for the week of 05/08/2022 to 05/14/2022 will be used to add to our position in Aflac (NYSE: AFL)
AFL – Position Update
Since our last check-in on AFL in week 18 of 2022, there have not been any significant developments for the company. The share price increased 1.6% from $57.28 to $58.23 during the period.
| TTM | Prev. Update | 10-year median | |
| Dividend Streak | 39 years | 39 years | |
| Yield (TTM) | 2.39% | 2.43% | 2.34% |
| Payout Ratio | 23.88%1 | 23.88%1 | |
| P/E | 10.011 | 9.841 |
1 computed using TTM adjusted EPS of $5.82 as of Q1 2022.
Q1 2022 earnings report
Did AFL’s latest earnings report raise any warning flags?
We discussed AFL’s financial performance in our previous updated.
Overall, revenues fell 10.2%, adjusted net income decreased 12.4%, and adjusted EPS were 7.2% lower.
| Revenue (in millions) | Net Income (in millions) | EPS . | |
| Q1 2021 | $5,869 | $1,058 | $1.53 |
| Q1 2022 | $5,272 | $963 | $1.42 |
| % Change | (10.2)% | (12.4)% | (7.2)% |
Additional noteworthy developments during the quarter:
- None
Thesis
Why are we adding to our position in AFL?
With no significant developments for AFL since our last check-in, our investment thesis remains the same.
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Photo by Viktor Talashuk on Unsplash