APD - The Retirees Taxable Dividend Portfolio - The Rise Of Air Products and Chemicals

2024-06-15 09:00:00 ET

Summary

• The Taxable Account has exceeded expectations, with four months providing double-digit income growth in 2024, and averaging 8.25% over the first five months of 2024.
• We look at actual examples of how we have used our strategy to add shares of companies at attractive prices and reducing exposure to high-cost shares.
• Recent trades include adding to Nordson and Hormel positions, with potential opportunities in McCormick and Helmerich Payne.
• Three companies increased their dividend payout or provided a special dividend in May, contributing to the increased income.
• Income is projected to increase by 3.8% for FY-2024 compared to FY-2023. This is up from last months estimate of 2.9%.

May marks the second month in a row in which the Taxable Account has generated double-digit income growth compared to the same month in 2023. In fact, four of the five months in 2024 have seen double-digit income growth and when all five months are average together it results in a 8.25% annualized growth YTD. This performance so far exceeds my realistic expectations of 3.8% income growth for FY-2024 (when compared with FY-2023)....

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