Portfolio Update
The FiveTwenty portfolio received $135.19 in dividends in the past week. GPC, MDU, and PEP paid their quarterly dividends during the week.
Past Week Dividend | $135.19 |
Current Quarter Dividend (Q1 2024) | $135.19 |
LifeTime Dividend | $17,917.11 |
Estimated Annual Dividend | $10,922.65 |
The capital allocation for the week of 01/07/2024 to 01/13/2024 will be used to add to our position in Vanguard Dividend Appreciation ETF (VIG) and Vanguard International Dividend Appreciation ETF (VIGI).
Decrease in Estimated Annual Dividend
For a second week in a row, the estimated annual dividend for the FiveTwenty protfolio decreased week over week. The decrease was caused by WBD cutting its quarterly dividend from $0.48 to $0.25 per share starting with the Q1 2024 payout.
What does this mean for our position in WBD? Following the dividend cut, WBD has a FWD dividend yield of 4% based on the share price of $25.01 as of close of business on 1/5/2024. The payout ratio based on estimated forward earnings is 30.2%. Therefore, for the time being we will continue to hold on to our position in WBD.