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Strategies & Market Trends : Dividend Growth Investing and chit chat.
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From: rnsmth10/30/2022 3:35:48 PM
1 Recommendation

Recommended By
red cardinal

  Read Replies (2) of 2146
 
I have decided to increase our health care holdings.

Right now they stand as:

Ticker % of portfolio

AMGN 2.7%
GILD 2.4%% (and finally green again!)
JNJ 2.5%

I am going start a position in MDT next month.

Let us look at its 4 Pillars for MDT (remember those?)

Dividend Safety - at 99 it is at the top of the Safety scale.
Dividend yield - 3.13%
Five year DGR - 8%
Valuation - probably undervalued - 5 year average yield, 2.18%, current yield of 3,13 is 44% above that. Current forward P/E is 15.3, five year average is 18.5.

It hits the criteria on all 4 of those. There are questions both about their diabetes products and their plan to spin off some things. I have decided to trust management to deal with both of those compentently.

It is going to be a slow build starting out, using only accumulated dividends to start and build the position. I could choose, at some point in the next year, to trim a couple of positions and build MDT more rapidly. At this point, I do not know.
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