Tag: dividend cut

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.

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 WBA 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 WBA? Following the dividend cut, WBA 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 WBA.

VIG & VIGI – Position Update

Portfolio Update

The FiveTwenty portfolio received $288.66 in dividends in the past week. BMY, T, and VZ paid their quarterly dividends.

The capital allocation for the week of 11/05/2023 to 11/11/2023 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

The Estimated Annual Dividend for the FiveTwenty portfolio decreased week over week. The decrease was caused by VFC cutting its quarterly dividend from $0.30 to $0.09 per share starting with the Q4 2023 payout.

What does this mean for our position in VFC? With this latest dividend cut the yield for VFC has dropped below our desired target, so we will be looking to close or position in VFC.

VIG & VIGI – Position Update

Portfolio Update

The FiveTwenty portfolio received $285.79 in dividends in the past week. BMY, T, and VZ paid their quarterly dividend during the week.

The capital allocation for the week of 08/06/2023 to 08/12/2023 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

In the past week the Estimated Annual Dividend for the FiveTwenty portfolio decreased from the preceding week. The decrease was caused by MDU adjusting its quarterly dividend payout down following the spinoff off its KNF subsidiary.

What does this mean for our position in MDU? At this time the FWD dividend yield of MDU stands at 2.38% and a payout ratio of about 66%. Furthermore, the board has set expectations for the future payout ratio to remain between 60% to 70%. These number are close to the targets outlined in our investment strategy, and therefore, we will continue to hold our position in MDU.

VIG & VIGI – Position Update