RE: Young Folk Portfolio ... Buys and Sells.
I made quite a few adjustments in this portfolio today. I was looking to add a few new equities and add to a few that I want to own more of. I was looking for a balance between growth, income and income growth.
Some of the assets are basically income assets, and although the income isn't needed with a young person, the distributions/dividends can be used to help build other positions.
OBJECTIVE:
I am looking for some high dividend growth companies to offset the assets that don't have much distribution/dividend growth potential, while increasing the monthly dividend cash flows for further investment.
I sold the position in GBTC. I trimmed the positions in ARKG, ARKK and ARKW. Between these four, they generated about $7,000 to reinvest, and that along with the dividends that have been received over the last couple of days, I did the following.
Buys:
TXN .... 5 shares
CE ...... 6 shares
SHW ... 3 shares
Those positions listed above are new positions. In addition to that, I added to the following existing positions.
NVDA ... 1 share (will split 4-1 later this month)
MKC ..... 7 shares
O .......... 9 shares
CSQ ..... 99 shares
ADP ..... 1 share
AIO ...... 7 shares
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The following companies I was looking for dividend growth.
Texas Instruments (TXN) has a 2.14% yield and it's last announced dividend increase was 13%. Over the last 5 years the dividend growth rate of return has been 22%. Over the last 20 years its been 21%, so it's a long term dividend growth company.
Celanese (CE) has a 1.77% yield and its last announced dividend increase was 9.7%. Over the last 5 years its been 17%. Over the last 20 years it has also been 17%. So again, another long term dividend growth company.
Sherwin-Williams (SHW) has a 0.80% yield and its last announced dividend increase was 23%. Over the last 5 years its been 15% and over the last 20 years, its been 12%.
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The following companies are income focused. They are CEF's.
CSQ has a 6.76% yield and AIO has a 5.41% yield.
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The following companies have been held for several years and I simply wished to build them up in size.
Automatic Data Processing (ADP)
McCormick & Company (MKC)
Nvidia (NVDA)
Realty Income (O)
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Updated position sizes -- A full position is $6,000:
ADP ...... $9,789
O .......... $6,583
CSQ ..... $6,125
AIO ...... $5,811
MKC .... $5,654
NVDA .. $2,424
TXN .... $954 (new position)
CE ...... $919 (new position)
SHW ... $826 (new position)
All of these positions purchased today combine for a 3.11% yield and 6.6% dividend growth. This is above what the portfolio is generating. This portfolio as a whole has a 2.36% yield and 5.5% dividend growth, so my objectives of looking for some high dividend growth companies to offset the assets that don't have much distribution/dividend growth potential, while increasing the monthly dividend cash flows for further investment has been achieved. |
