VZ - The Retirees Taxable Dividend Portfolio - January 2024 Income Update

2024-02-08 09:00:00 ET

Summary

• January saw a modest level of activity with six total trades made.
• Notable trades included adding to Air Products and Chemicals, cutting back on Verizon, and considering adding more to Rithm Capital, Hormel, and Helmerich & Payne.
• The portfolio's income in January exceeded expectations, with a 22.20% increase over 2023, driven by dividend growth and strategic trades.

The thing I hate most about the start of the year is updating estimates and reviewing numbers. There is a lot of room to make errors when dealing with page after page of excel files. Even though I loathe this task, it's still refreshing to establish a new baseline of numbers and begin to set some expectations and goals in a market where planning ahead even a few months is a difficult thing to do....

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