Portfolio Update
The FiveTwenty portfolio received $205.14 in dividends in the past week. K, MMM, ORI, and PII paid their quarterly dividend during the week.
| Past Week Dividend | $205.14 |
| Current Quarter Dividend (Q2 2022) | $1,109.50 |
| LifeTime Dividend | $4,394.17 |
| Estimated Annual Dividend | $5,510.47 |
The capital allocation for the week of 06/19/2022 to 06/25/2022 will be used to add to our position in Polaris Inc (NYSE: PII).
PII – Position Update
Since our last check-in on PII in week 21 of 2022, the have not been any significant developments. The share price decreased 1% from $98.57 to $97.54.
| TTM | Prev. Update | 10-year median | |
| Dividend Streak | 27 years | 27 years | |
| Yield | 2.62% | 2.57% | 2% |
| Payout Ratio | 27.68%1 | 27.68%1 | |
| P/E | 11.991 | 12.121 |
1 computed using TTM adjusted EPS of $8.13 as of Q1 2022.
Q1 2022 earnings report
Did PII’s latest earnings report raise any warning flags?
We discussed PII’s Q1 2022 earnings report in our previous update.
| Revenue (in millions) | Adj. Net Income (in millions) | Adj. EPS . | |
| Q1 2021 | $1,951.1 | $145.6 | $2.30 |
| Q1 2022 | $1956.8 | $79.2 | $1.29 |
| % Change | 0.3% | (45.6)% | (43.9)% |
Thesis
Why are we adding to our position in PII?
With no new developments our investment thesis remains unchanged from the previous update.
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