Portfolio Update
The FiveTwenty portfolio received $288.66 in dividends in the past week. BMY, T, and VZ paid their quarterly dividends.
| Past Week Dividend | $288.66 |
| Current Quarter Dividend (Q4 2023) | $673.22 |
| LifeTime Dividend | $15,704.06 |
| Estimated Annual Dividend | $10,684.07 |
The capital allocation for the week of 11/05/2023 to 11/11/2023 will be used to add to our position in Vanguard Dividend Appreciation ETF (VIG) and Vanguard International Dividend Appreciation ETF (VIGI).
Decrease in Estimated Annual Dividend
The Estimated Annual Dividend for the FiveTwenty portfolio decreased week over week. The decrease was caused by VFC cutting its quarterly dividend from $0.30 to $0.09 per share starting with the Q4 2023 payout.
What does this mean for our position in VFC? With this latest dividend cut the yield for VFC has dropped below our desired target, so we will be looking to close or position in VFC.
VIG & VIGI – Position Update
| TTM | Prev. Update | |
| VIG Yield | 2.00% | 2.11% |
| VIGI Yield | 2.20% | 2.32% |
Thesis
Why are we adding to our position in VIG & VIGI?
Last week was an interesting week for the stock market. Share prices have rallied across the board after the FED meeting and jobs data release. However, at this time we feel most comfortable with deploying capital by continuing to invest in the broad basket of companies via VIG & VIGI.
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