How did Dividend Chart Digest #1 picks perform?
Visa, Best Buy & more. See how they did since December 2022
Hi all!
This is my first post in more than a year! Welcome to all the new subscribers🙂
I have been quite busy moving into a new house in countryside France. We are now proud shepherds of 4 sheep taking care of the land maintenance.
And now, back to what you are interested in: dividend charts!
If you want to learn more about the methodology, you can refer to the article below:
Introduction to the Dividend Chart Bot
TLDR: this post is about the process to go from raw data to the final charts. For details about how to use them, it’s coming soon, stay tuned 😉
#1 Roster looking attractive
I suggested back in december 2022 that the following stocks looked attractive based on their yield at the time. This is how they have performed:
BBY: $81 —> $78 (-3%)
CMCSA: $35 —> $37 (+8%)
MDT: $78 —> $95 (+22%)
VZ: $38 —> $46 (+22%)
V: $208 —> $343 (+65%)
An equal-weight price return of these stocks would have returned around 22.6% (9.6% annual return, not including dividends).
Now, let’s see the updated charts!
Best Buy BBY -1.26%↓
Dividend growth has been rather sluggish, I would avoid the stock.
Comcast Corporation CMCSA 3.42%↑
Dividend yield is still high, and dividend growth is still consistent with its history. Probably not a bad investment in turbulent times.
Medtronic MDT -0.13%
Medtronic has faced some headwinds, and that is reflected in the slow dividend growth in recent years. Not recommended until business recovers.
Verizon Communications VZ 4.27%↑
Recovery still in progress for Verizon, dividend still consistent and growing.
Visa V -0.99%↓
Visa has always traded in a tight yield range, and as the dividend continued to grow, so did the share price. Still reasonably valued here.
Do not rely on these charts alone to make any financial decision. These are not intended to be and do not constitute financial advice. Charts may contain erroneous data points due to third-party data provider.
Follow the Twitter Bot @DividendChart to discover more stocks in charts! I will not let you wait for another year until the next newsletter, so stay tuned and have a great week-end!