Portfolio Update
The FiveTwenty portfolio received no dividends in the past week.
Past Week Dividend | $0 |
Current Quarter Dividend (Q1 2023) | $746.87 |
LifeTime Dividend | $8,855.31 |
Estimated Annual Dividend | $8,142.60 |
The capital allocation for the week of 02/26/2023 to 03/04/2023 will be used to add to our position in PepsiCo Inc. (NASDAQ: PEP)
Decrease in Estimated Annual Dividend
This week the FiveTwenty portfolio once again saw the Estimated Annual Dividend decrease week over week. (Previous decrease) The decline was caused by INTC reducing its quarterly payout by 66% to $0.125 per share.
What does this mean for our position in INTC? The dividend reduction brings INTC’s forward yield down to 1.99% based on share price of $25.14 at close on 02/24/2023. The new yield is considerably below our desired target and given that INTC is facing some tough quarters going forward we will close out our position in INTC and re-invest the capital over the following 2-3 weeks.
PEP – Position Update
Since our last check-in on PEP in week 8 of 2023, there have been no new developments. The share price declined slightly from $176.28 to $175.95.
Continue reading “2023 Week 9: PepsiCo Inc (NASDAQ: PEP)”