Portfolio Update
The FiveTwenty portfolio received no dividends in the past week.
| Past Week Dividend | $0 |
| Current Quarter Dividend (Q3 2022) | $0 |
| LifeTime Dividend | $4,607.15 |
| Estimated Annual Dividend | $5,681.76 |
The capital allocation for the week of 07/10/2022 to 07/16/2022 will be used to add to our position in Air Products and Chemicals (NYSE: APD)
APD – Position Update
Since our last check-in on APD in week 20 of 2022, there have not been any major developments. The share price dipped 0.6% from $233.71 to $232.21.
| TTM | Prev. Update | 10-year median | |
| Dividend Streak | 40 years | 40 years | |
| Yield | 2.69% | 2.62% | 2.47% |
| Payout Ratio | 62.96%1 | 62.96%1 | |
| P/E | 23.891 | 24.041 |
1 computed using TTM adjusted EPS of $9.72 as of Q2 2022
Q2 2022 earnings report
Did APD’s latest earnings report raise any warning flags?
We discussed APD’s Q2 2022 earnings report in our previous update.
| Revenue (in millions) | Adj. Net Income (in millions) | Adj. EPS . | |
| Q2 2021 | $2,502 | $463.2 | $2.08 |
| Q2 2022 | $2,945 | $530.5 | $2.38 |
| % Change | 17.7% | 14.53% | 14.42% |
Additional noteworthy developments since last update:
- On 5/19/2022, APD declared a quarterly dividend of $1.62 per share payable on 08/08/2022 to shareholders of record as of 07/01/2022.
- On 06/07/2022, the company published its 2022 sustainability report.
Thesis
Why are we adding to our position in APD?
With no new developments our investment thesis remains unchanged from the previous update.
Previous Articles
- 2022 Week 20: Air Products and Chemicals (NYSE: APD)
- 2022 Week 17: Air Products and Chemicals (NYSE: APD)
Additional Research
Photo by Crystal Kwok on Unsplash