Portfolio Update
The FiveTwenty portfolio received no dividends in the past week.
| Past Week Dividend | $0 |
| Current Quarter Dividend (Q3 2021) | $36.00 |
| LifeTime Dividend | $541.34 |
| Estimated Annual Dividend | $2,211.87 |
The capital allocation for the week of 07/25/2021 to 07/31/2021 will be used to add to our position in Black Hills Corp (NYSE: BKH)
BKH – Position Update
Since our last check-in on BKH in week 25 of 2021, there have been no significant developments. The company is scheduled to release Q2 2021 earning on 08/03/2021. The share price has increased slightly $67.59 to $67.66.
| TTM | Prev. Update | 10-year median | |
| Dividend Streak | 51 years | 51 years | |
| Yield | 3.30% | 3.30% | 3.17% |
| Payout Ratio | 60.60% | 60.60% | 58% |
| P/E | 18.39 | 18.37 | 19.77 |
Q1 2021 earnings report
Did BKH’s latest earnings report raise any warning flags?
We discussed BKH’s Q1 2021 financial results in the previous article. Overall, revenue grew 17.9%, net earnings increased 3.1%, and EPS where 1.99% higher compared to Q1 2020.
| Revenue (in millions) | Net Income (in millions) | EPS . | |
| Q1 2020 | $537 | $97 | $1.51 |
| Q1 2021 | $633 | $100 | $1.54 |
| % Change | 17.9% | 3.1% | 1.99% |
Additional noteworthy developments during the quarter:
- None
Looking ahead, the upcoming Q2 2021 earnings report will provide additional information on BRK 2021 financial performance. We expect BKH to continue to execute on their priorities and stay on track to meet their 2021 earnings guidance.
Thesis
Why are we adding to our position in BKH for FiveTwenty portfolio?
With no significant developments for BKH since our last check in, our investment thesis remains unchanged.
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