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The Top 5 Dividend Stocks I Own
Microsoft, Altria, Exxon Mobil, Visa, Broadcom, and 50% Off Sale!
Happy Monday!
At Dividend Data, we have the goal of helping more people reach financial freedom.
We do this through sharing the strategy of dividend investing. This involves buying stocks that pay a reliable & growing stream of dividend income. When those dividends are reinvested, it creates powerful compounding effect long-term. That can lead to a great return and growing income, which you could eventually retire and live off of.
I am excited to update you today on my dividend stock portfolio, share the top 5 dividend stocks I own, and announce our 50% off summer sale.
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THE KEY STORY
My Top 5 Dividend Stocks I Own
Portfolio Update
Total Value: $168,700 Annual Dividend Income: $4,680
This month, we continue our transparent approach to investing by sharing updates on my long-term dividend stock portfolio. Despite recent market volatility, the portfolio remains strong and continues to generate steady income.
Sector Breakdown:
Technology: $67,000
Consumer Defensive: $31,000
Financial Services: $27,000
Energy: $25,000
Communication Services: $13,000
Dividend Income: The portfolio generates $4,680 annually, translating to $1,170 per quarter or approximately $12.83 per day.
My Top 5 Dividend Stocks
1. Microsoft (MSFT)
Shares: 101.66
Value: $42,000
Annual Dividend Income: $305
Analysis: Dominates in cloud services and AI tailwind powers core business. Will show robust free cash flow and dividend growth.
2. Altria Group (MO)
Shares: 526.27
Value: $23,900
Annual Dividend Income: $2,063
Analysis: Maintains steady cash flow from its core cigarette business, supporting a high dividend yield.
3. Exxon Mobil (XOM)
Shares: 163.58
Value: $18,000
Annual Dividend Income: $621
Analysis: Strong performance during commodity booms, with significant free cash flow supporting dividends. 50+ years of dividend growth, still paying throughout boom/bust cycles.
4. Visa (V)
Shares: 61.38
Value: $16,600
Annual Dividend Income: $127
Analysis: A low-yield, high-growth stock. Visa benefits from the increasing trend of digital payments and it’s high margin business model. Highly scalable with room to grow.
5. Broadcom (AVGO)
Shares: 11.29
Value: $15,000
Annual Dividend Income: $237
Analysis: With both semiconductor and software businesses, Broadcom offers significant free cash flow and dividend growth. Their Fabless model (outsourcing manufacturing) lets Broadcom avoid costly semiconductor manufacturing investment. Instead, they reward shareholders with the profits.
Please watch the video linked above for a full breakdown of my portfolio and analysis for each of my top 5 dividend stocks.
-Zach
NOTABLE DIVIDEND INCREASES
Lowe's Companies (LOW), Medtronic (MDT), Royal Bank of Canada (RY), etc
The Most Notable Dividend Increase
$LOW — Lowe’s Companies declared $1.15/share quarterly dividend, a 4.55% increase from the prior dividend of $1.10.
$MDT — Medtronic plc declared $0.70/share quarterly dividend, a 1.45% increase from the prior dividend of $0.69.
$RY — Royal Bank of Canada declares CAD 1.42/share quarterly dividend, a 2.9% increase from the prior dividend of CAD 1.38.
$BMO — BMO Financial declares CAD 1.55/share quarterly dividend, a 2.6% increase from the prior dividend of CAD 1.51.
$NTAP — NetApp declares $0.52/share quarterly dividend, 4% increase from prior dividend of $0.50.
Source: Dividend Data
Dividend Snapshot - LOW Stock
THE VIDEO
Jimmy Chill’s Thoughts on Costco Q3 2024
Jim Cramer shared his always animated thoughts on Costco’s recent earnings and how he feels that “the stock is such an amazing buy after the stock settles down.”
While acknowledging that the retailer has a new CEO (Ron Vacharis) and CFO (Gary Millerchip) Cramer feels great about them since Ron has worked at the company for decades and Richard is the former Kroger CFO.
Additionally, Cramer touched on a variety of topics including the strong quarterly performance, how they are “crushing it” in bakery sales, and so much more. Make sure to check out the full conversation above!INVESTING ARTICLES & STORIES
THE NEWS
Costco, Dick’s Sporting Goods, Best Buy
Credit: Inc. Magazine
SOMETHING FUN
Costco CFO Understood the Assignment
Costco’s new CFO just did his first earnings call. During the opening remarks, he had to mention that the $1.50 Hot Dog deal is safe.
Incredible commitment to the bit.
— Trung Phan (@TrungTPhan)
3:22 PM • May 31, 2024
Thanks for the read! Let me know what you thought by replying back to this email.
— Zach
Disclaimer: Dividend Dividend Weekly (Dividend Data) is not a professional financial service. All materials released from Dividend Data Weekly (Dividend Data) are for educational and entertainment purposes. Dividend Data Weekly (Dividend Data) is not a replacement for a professional's opinion. Contributors to the Dividend Data Weekly (Dividend Data) might have equities mentioned in the newsletter