It's been an exciting week in the Dividend Town portfolio and February will be no exception. Earnings announcements in January have been overall favorable. Information is below from Seeking Alpha.
- $AAPL - The Cupertino, California-based Apple said
- stockin after-hours trading as card transactions increase year-over-year during the card network's fiscalsa
- caps off a great 2021 with mixed Q4 results and conservative 2022 production outlook; shares are down 2-3% in lighthevron
The goal of the portfolio is to invest in high quality companies that have a history of continuously increasing their dividends. Almost all the companies in the DT portfolio meet this characteristic with very few exceptions. This has pushed up the annual income expected by $26! As a result of this, we've started off the year with some dividend increases! Information below comes from SimplySafeDividends.
February looks to be an exciting month of earnings releases with the calendar below.
|StockRover Earnings Calendar|
- Purchased 45 shares of $ETO to the portfolio. This increased the Projected Annual Dividend Income by $97.
Dividends Received - There were no dividends received this week.
- Rolled a 01/28 $50 Kroger covered call into a 02/11 $45 this week, netting $144 premium on the $45. Kroger has been on a hot streak lately and I believe they are overvalued. Additionally, I'm slowly looking to trim the number of portfolio holdings to 40 so I do not mind if this gets assigned.
- Closed a Verizon Iron Butterfly 50-52-54 for a very minimal profit.
- Closed an ABBV put due to expire on 01/28. This was a miss.
- Was assigned a Comcast (CMCSA) put RIGHT in the money! I've wanted to add Comcast to the portfolio to beef up the communications sector and sold a $50 strike / 01/28 expiration cash-secured put on 01/18 for $114 premium. Comcast closed yesterday at $49.72 so I don't think I could have done any better! These shares added $108 to Projected Annual Dividend Income.
- Added $1,000 to the portfolio in savings in January meeting my goal for the year.
- Honestly, not much. I've been pleased with the performance during the recent market choppiness, where the portfolio diversification has helped ensure the fluctuations are not as wild as the Nasdaq index.
- Evaluate covered call opportunities.
- Slowly shrink number of positions to ~40 while maintaining a similar sector breakdown.
Hope everyone has a great weekend!