FiveTwenty - Page 20 of 21 - A dividend income portfolio chronicle

March 22, 2021April 3, 2021

2021 Week 12: Fortis (NYSE: FTS)

Portfolio Update

The FiveTwenty portfolio received no dividends in the past week.

Past Week Dividend	$0
Current Quarter Dividend	$84.57
Estimated Annual Dividend	$845.23
LifeTime Dividend	$84.57

Dividend Scorecard

The capital allocation for the week of 03/21/2021 to 03/27/2021 will be used to establish a position in Fortis (NYSE: FTS)

FTS – Company Profile

Fortis Inc (FTS) operates as an electric and gas utility company in Canada, the United States, and a number of Caribbean countries. FTS currently owns 10 affiliated electric and gas operations with C$55 billion in assets serving over 3 million customers. In Canada, the company serves customers in British Columbia, Alberta, Newfoundland and Labrador, Prince Edward Island, and Ontario. In the United States, FTS operates high-voltage electric transmission systems in Minnesota, Michigan, Iowa, Illinois, Missouri, Kansas, and Oklahoma under it’s ITC subsidiary; and electric and gas utilities in New York and Arizona. The companies Caribbean subsidiaries operate on Grand Cayman Island, Turks and Caicos Islands, and Belize. Official Site | Wikipedia

March 15, 2021March 14, 2021

2021 Week 11: AbbVie Inc (NYSE: ABBV)

Portfolio Update

The FiveTwenty portfolio received $18.70 in the past week. WBA paid it’s quarterly dividend during the week.

Past Week Dividend	$18.70
Current Quarter Dividend	$84.57
Estimated Annual Dividend	$741.17
LifeTime Dividend	$84.57

Dividend Scorecard

The capital allocation for the week of 03/14/2021 to 03/20/2021 will be used to add to our position in AbbVie Inc (NYSE: ABBV)

ABBV – Update

Since out last check-in on ABBV in week 4 of 2021, the company reported Q4 and full year 2020 earnings on 02/03/2021. Additionally the share price has been more or less flat closing at $108.22 on 03/12/2021 compared to a close of $110.86 on 01/22/2021, 2.3% decline.

March 14, 2021March 14, 2021

What is a contingent consideration liability?

In it’s Q4 2020 earnings release AbbVie (NYSE: ABBV) reported that it recorded a $4.7 billion increase in the contingent consideration liability for the drug Skyrizi. This expense wiped out ABBV’s net earnings for the quarter. Therefore, I decided to do some research to try to understand what a contingent consideration liability is.

What is a contingent consideration?

Contingent considerations are financial instruments employed in complex business transactions. Their purpose is to share risk associated with the transaction between buyers and sellers. A contingent consideration is an obligation of the buyer to transfer additional assets (cash, equity, physical assets) to the seller if future events occur or conditions are met.

March 8, 2021March 7, 2021

2021 Week 10: J.M. Smucker (NYSE: SJM)

Portfolio Update

The FiveTwenty portfolio received $65.87 in dividends in the past week. AFL, ENB, and ADM payed their quarterly dividends during the week.

Past Week Dividend	$65.87
Current Quarter Dividend	$65.87
Estimated Annual Dividend	$678.63
LifeTime Dividend	$65.87

Dividend Scorecard

The capital allocation for the week of 03/07/2021 to 03/13/2021 will be used to establish a position in J.M Smucker (NYSE: SJM)

SJM – Company Profile

J.M. Smucker (SJM) is manufacturer and marketer of food and beverage products worldwide. The company operates in four segments: US Retail Pet Food, US Retail Coffee, US Retail Consumer Foods, and International and Away From Home. Some of the company’s best known brands are: Kibbles ‘n Bits, Meow Mix, Milk Bone (per food); Dunkin’, Folgers (coffee); Jif, Smucker’s, Bick’s (consumer foods). Official Site | Wikipedia

March 1, 2021February 28, 2021

2021 Week 9: 3M Co (NYSE: MMM)

The FiveTwenty portfolio received no dividends in the last week.

Past Week Dividend	$0
Current Quarter Dividend	$0
Estimated Annual Dividend	$603.81
LifeTime Dividend	$0

Dividend Scorecard

The capital allocation for the week of 02/28/2021 to 03/06/2021 will be used to establish a position in 3M Co (NYSE: MMM).

MMM – Company Profile

3M Co (MMM) develops, manufactures, and markets various products worldwide. It operates through four business segments: Safety and Industrial, Transportation and Electronics, Health Care, and Consumer. Post-It, Scotch-Brite, Scotch, Command (as in Command Hooks), and Nexcare are some of the company’s best known brands. Official Site | Wikipedia

February 28, 2021February 28, 2021

Learn and evolve

8 weeks have passed since the start of the FiveTwenty experiment. We have established positions in 8 dividend paying companies. We have spend numerous hours pouring over The Dividend Champions List. Furthermore, we have scrutinized financial data on numerous companies. All that has lead us to conclude that it is time for a strategy update.

The changes outlined below go into effect starting with the week of 02/28/2021 to 03/06/2021.

February 22, 2021February 22, 2021

2021 Week 8: T. Row Price Group (NASDAQ:TROW)

The FiveTwenty portfolio received no dividends in the past week.

Past Week Dividend	$0
Current Quarter Dividend	$0
Estimated Annual Dividend	$552.55
LifeTime Dividend	$0

Dividend Scorecard

The capital allocation for the week of 02/21/2021 to 02/27/2021 will be used to establish a position in T. Row Price Group (NASDAQ: TROW).

TROW – Company Profile

T. Row Price Group (TROW) is a publicly owned investment manager. The firm offers mutual funds, advisory services, account management, and retirement plans and services for individuals, institutions, and financial intermediaries. As of January 31, 2021 TROW had $1.46 trillion in assets under management. Official Site | Wikipedia

February 14, 2021February 14, 2021

2021 Week 7: Walgreens Boots Alliance (NASDAQ: WBA)

The FiveTwenty portfolio received no dividends in the past week.

Past Week Dividend	$0
Q1 2021 Dividend	$0
Estimated Annual Dividend	$476.65
LifeTime Dividend	$0

Dividend Scorecard

The capital allocation for the week of 02/14/2021 to 02/20/2021 will be used to establish a position in Walgreens Boots Alliance (NASDAQ: WBA).

WBA – Company Profile

Walgreens Boots Alliance (WBA) is a pharmacy-led health and beauty retail company. WBA is organized into three divisions: retail pharmacy USA, retail pharmacy international, and pharmaceutical wholesale. As of August 31, 2020, WBA was operating in 25 countries and employing 450,000 people. The company runs retail stores under the Walgreens, Duane Reade, and Rite Aid brands in the US. Outside the US its stores use the Boots, Benavides, and Ahumada brands. Official Site | Wikipedia

February 7, 2021March 16, 2021

2021 Week 6: Enbridge (NYSE: ENB)

The FiveTwenty portfolio received no dividends in the past week.

Past Week Dividend	$0
Current Quarter Dividend	$0
LifeTime Dividend	$0

Dividend Scorecard

The capital allocation for the week of 02/07/2021 to 02/13/2021 will be used to establish a position in Enbridge (NYSE: ENB).

ENB – Company Profile

Enbridge (ENB) operates as an energy infrastructure company. The company operates through five segments: liquids pipeline, gas transmission and midstream, gas distribution and storage, renewable power generation, and energy services. The bulk of ENB’s operations are in Canada and the United States, where it operates the largest distribution network of liquids pipelines in North America. Its newer renewable power generation operations are located in North America and Europe. Official Site | Wikipedia

January 31, 2021January 31, 2021

2021 Week 5: Archer Daniels Midland (NYSE: ADM)

The FiveTwenty portfolio received no dividends in the past week.

Past Week Dividend	$0
Current Quarter Dividend	$0
LifeTime Dividend	$0

Dividend Scorecard

The capital allocation for the week of 01/31/2021 to 02/06/2021 will be used to establish a position in Archer Daniels Midland (NYSE: ADM).

ADM – Company profile

ADM is a global food processing and commodities trading company. The company operates crop procurement facilities, processing plants, and a transportation network to procure, store, clean, and transport agricultural raw materials, as well as products derived from these inputs. It’s products are ingredients used in food products, animal feed, and additives for fuel (ethanol). Official Site | Wikipedia

estimmated annual dividend	$11,561.95
lifetime dividend	$20,649.92

total value (delta)	($37,010.34)
lifetime dividend (delta)	$8,067.18
Q1 2024 dividend (delta)	$1,358.34