Last week I posted my Portfolio Ranks by Value. I’m back this week ranking my Portfolio stocks by Forward Dividends, or Dividend Weighting.
Here we get to see which Portfolio stocks are providing the largest annual dividend payments to me (assuming no additional purchases and no reinvested dividends). All 60 of my Portfolio stocks are accounted for.
Once again, I’ll add my thoughts on various aspects of the rankings. Here we go…
Note that all these rankings are as of April 21st, 2023.
Just like last week, I’ve color-coded the Portfolio stocks by sector. Below is a table showing the current allocation, taking into account the GICS changes that took place in March (thanks to Charlie for providing the heads up!) These changes impacted a couple of my stocks, removing them from the Information Technology sector and putting one into Industrials, and the other into Financials.
The numbers in parenthesis are the quantity of stocks I hold in that sector.
Rank by Forward Dividends (or Dividend Weighting)
The average annual forward dividend payment for one of my Portfolio stocks is $287.06. Twenty-two stocks exceed that average.
There are 17 stocks slated to deliver at least $400 in annual dividends. If you assume quarterly dividend payments for each, then I have 17 stocks set provide a triple-digit dividend payment each quarter. However, one stock in the group, Main Street Capital (MAIN) pays its dividends monthly, so there are actually 16 stocks set to pay me $100+ each quarter.
I’ve got three Financial stocks and three Consumer Staples stocks in my top 10 forward dividend rankings. However, it’s a Healthcare stock that is the leader of the pack – AbbVie (ABBV). ABBV will provide over $815 in dividends in the coming year, or better than $200/quarter… it’s my only stock crossing that threshold.
On the opposite end of the forward dividend spectrum, I have 9 stocks that don’t yet provide $100 in annual forward dividend income. In fact, none of these stocks are really close to doing so, as all are below $75 per year.
My only stock that isn’t paying a dividend right now is The Walt Disney Co. (DIS), which currently has a suspended dividend. Earlier this year, DIS mentioned re-instating the dividend late in 2023. The question is, will the dividend be at the same rate, or a reduced one? Time will tell.
In general, I’d like to see all my Portfolio stocks providing at least $100 in annual dividends, or at least $25/quarter. So, I’ve got some purchasing to do in order to boost those payouts. The good news is, I can see myself purchasing additional shares for each of those companies, and I wouldn’t mind any of them being a long-term holding.
You can see I have three Information Technology stocks with forward dividend amounts south of $70. My small investments in each, and each stock’s lower yield (<2%), contribute to the low forward dividend total.
Expect to see further posts regarding various Portfolio rankings, as I like to see how ranks change over time. I hope you enjoyed the post.
Let me know if anything in the rankings stands out to you.
Until next time…