Smart Dividend Portfolio Edition #70: AI Advantage

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Dear Investor,

Welcome to the 70th edition of TipRanks’ Smart Dividend Portfolio & Newsletter.

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Market-Moving News: July 21, 2025

The S&P 500 (SPX) and the Nasdaq-100 (NDX) inched down from Thursday’s record highs, though still closing the week up 0.59% and 1.25%, respectively. The Dow Jones Industrial Average (DJIA) finished the week nearly flat at –0.07%.

Stocks declined on Friday, consolidating after the S&P 500 and the Nasdaq reached all-time highs on Thursday. While the healthcare sector – and particularly UnitedHealth (UNH) continued to weigh down the DJIA index throughout the week, the S&P 500 and the tech indexes surged from  Wednesday’s dip thanks to positive economic data, strong earnings, and relief following President Trump’s admission that he is not planning on firing Federal Reserve’s chair Jerome Powell, although he isn’t happy about his strict monetary stance.

While other indexes hovered around the zero line on Friday, pulled in different directions by apparent strength of the economy, the resulting reduction in rate-cut expectations, as well as high earnings variability, the Dow was decisively in the red on reports that Trump is pushing for larger tariffs on the European Union. According to media reports, Trump has demanded a minimum tariff of between 15% and 20% in any deal with the EU, as the bloc strives to reach a trade agreement before the August 1 deadline for implementing a 30% levy.

Traders are now assigning a nearly zero probability for a rate cut at the Federal Reserve’s next meeting on July 30, as the economy continues to demonstrate enviable health and the corporate sector appears strong, while inflation is grinding down despite the tariffs – but at a much slower pace than policymakers would like to see. Fed Governor Christopher Waller said that the Fed should cut rates now, saying that the economic momentum is slowing and risks to employment are elevated. However, Waller and Michelle Bowman are the only rate committee members who have come out in support of a July cut.

Last week, another batch of data confirmed that the U.S. economy continues to be healthy, even if moderate weakness is emerging in some pockets. Retail sales rebounded in June, indicating that tariffs are not significantly impacting consumer spending, at least not yet. The print confirmed what was earlier reflected in the earnings commentary of the largest U.S. banks, with JPMorgan Chase (JPM), Citigroup (C), and Wells Fargo (WFC) reporting increases in their consumer banking revenues, stemming from higher credit-card debt, while delinquencies remain stable year-over-year.

Meanwhile, initial jobless claims fell last week to their lowest level in three months, confirming the “Goldilocks” state of the economy. The Philly Fed business outlook jumped to one of the strongest readings in the past three years, confirming robust business activity. That was reaffirmed by a stronger-than-expected gain in industrial production in June.

Earlier in the week, CPI and PPI reports showed that core price increases remain subdued. Import prices fell in June, helping ease tariff-related worries. Importantly, Friday’s UoM consumer survey showed plunging one-year inflation expectations, along with the continued decline in the long-term expectations. Moreover, July’s preliminary consumer sentiment index came in better-than-expected for the fourth month in a row, continuing its strong rebound from April’s lows.

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This Week’s Quality Dividend Stock Idea

Cisco Systems (CSCO) is a global leader in networking and IT infrastructure, providing a broad portfolio of hardware, software, and services that power the internet and enterprise connectivity. Its offerings include routers, switches, wireless systems, security, and management software, collaboration platforms, and cloud-based and managed services. Operating in over 100 countries, Cisco serves businesses, governments, and service providers worldwide. The company is widely recognized for its innovation, cybersecurity expertise, and central role in driving digital transformation across industries.

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Network Pioneer

Cisco Systems was founded in 1984 by a team of Stanford University computer scientists who pioneered the local area network (LAN), laying the groundwork for modern enterprise connectivity. The company quickly became a key enabler of the internet, delivering the hardware and software needed to link disparate computer systems. By the mid-1990s, strong demand for its routers and switches, along with an aggressive acquisition strategy, established Cisco as a dominant force in networking.

Throughout the 2000s, Cisco broadened its focus beyond core networking hardware to include security, collaboration, and data center technologies. Acquisitions such as Linksys, WebEx, and IronPort diversified its offerings, while an early investment in IP-based communications positioned the company as a leader in enterprise collaboration.

More recently, Cisco has accelerated its shift from a hardware-centric model to a software- and subscription-driven business. This transition is evident in the growing contribution of software and services, which now generates over half of the total revenue. To strengthen its capabilities in high-growth areas, Cisco has expanded its strategic M&A, enhancing its position in data analytics and threat detection.

Cisco’s strategic focus centers on securely connecting, protecting, and drawing insights from digital infrastructure. Its high-value platform offerings – such as the AI-enabled Webex suite and secure networking architecture – support enterprise digital transformation and have helped sustain earnings growth in an increasingly competitive market.

Today, Cisco serves enterprises, governments, and service providers around the world. With over 90,000 employees and a market capitalization approaching $269 billion, the company remains a cornerstone of global digital infrastructure. Cisco reported trailing twelve-month revenue of approximately $56 billion and ranks #83 on the 2025 Fortune 500 list.

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Buy-and-Build

While Cisco’s transformation over the past decade into a software and services powerhouse is well recognized, its strategic use of acquisitions to drive this shift began even earlier. These moves have significantly expanded its capabilities across cybersecurity, cloud infrastructure, networking, and collaboration.

Cisco’s push into cybersecurity began in 2013 with the $2.7 billion acquisition of Sourcefire, which brought advanced intrusion prevention and malware protection into its portfolio. This was followed in 2014 by the acquisition of ThreatGRID, adding dynamic malware analysis to Cisco’s growing security suite. In 2015, Cisco acquired OpenDNS for $635 million, strengthening its cloud-based threat intelligence and DNS-layer protection capabilities. That same year, it bought Acano for $700 million to enhance video conferencing and bolster its collaboration offerings. It also acquired MaintenanceNet that same year to bring in automation tools for managing service contracts.

Cisco continued to build on its cloud security stack with the $293 million purchase of CloudLock in 2016, a cloud-native SaaS security provider focused on data protection and compliance.

To reinforce its cloud-networking strategy, Cisco acquired SD-WAN leader Viptela in 2017 for $610 million, followed by the acquisition of VeloCloud, further enabling secure and optimized branch connectivity for enterprise clients. In 2018, Cisco deepened its presence in cloud-based communications with the $1.9 billion acquisition of BroadSoft. This deal strengthened Cisco’s Webex platform and accelerated its move into Unified Communications-as-a-Service (UCaaS).

In addition to these marquee deals, Cisco has steadily acquired smaller firms across artificial intelligence, Internet of Things (IoT), and cloud orchestration – including Jasper and CliQr – positioning itself to support secure, scalable, and intelligent enterprise networks.

A defining milestone came in 2024 with Cisco’s $28 billion acquisition of Splunk, its largest deal to date. Splunk, a leader in data analytics, observability, and security monitoring, significantly bolstered Cisco’s software intelligence capabilities and underscored its commitment to delivering data-driven, AI-ready infrastructure solutions.

In its most recent quarter, the company closed the acquisition of SnapAttack, a privately held company that offers a threat detection and engineering platform. Cisco bought SnapAttack to bolster its AI-driven and threat-informed security offerings, streamline migration to Splunk, and deliver faster, more effective protection against cyber threats.

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Strategic Shift

Cisco generates revenue across five core segments – Networking, Security, Collaboration, Observability, and Services – balancing recurring and transactional income streams. Its business is geographically distributed across the Americas, EMEA (Europe, Middle East, and Africa), and APJC (Asia Pacific, Japan, and China), with Q3 FY25 revenues up 14% in the Americas, 8% in EMEA, and 9% in APJC.

At the center of Cisco’s business is its Networking segment, which accounted for nearly 50% of total revenue in Q3, generating $7.1 billion, up 8% year-over-year. Growth was led by double-digit gains in switching and enterprise routing, partially offset by a decline in servers. The company’s Networking segment consists of its core networking technologies of switching, routing, wireless, and servers. These technologies consist of both hardware and software offerings, including software licenses and software-as-a-service (SaaS), that help its customers build networks, automate, modernize, and transform their infrastructure.

Flagship solutions such as Catalyst and Nexus switches, Meraki cloud-managed platforms, and Silicon One chipsets enable high-performance, secure, and energy-efficient enterprise connectivity. These offerings are increasingly bundled with recurring software subscriptions like Cisco digital network architecture and automation tools, supporting the shift toward a higher-margin, subscription-driven model.

This transformation is further fueled by the rise of agentic AI – autonomous, intelligent systems – that place even greater demands on networking infrastructure. These AI systems demand ultra-low latency (minimal delay), secure, and scalable infrastructure. Cisco’s Silicon One architecture meets these needs with a unified platform capable of handling routing and switching across the stack. With sub-microsecond latency, high throughput, energy efficiency, and a unified software development kit (SDK), Silicon One reduces deployment complexity, power costs, and maintenance overhead.

Security and Observability are among Cisco’s fastest-growing segments. Security consists of Network Security, Identity and Access Management, Secure Access Service Edge (SASE), and Threat Intelligence, Detection, and Response offerings. Security revenue rose 54% year-over-year to $2 billion in fiscal Q3, accounting for 14.2% of total revenue, largely driven by SASE solutions and contributions from the Splunk acquisition. Cisco also secured the largest deal in Splunk’s history with a major financial firm.

The Observability segment consists of network assurance, monitoring, analytics, and observability suite offerings. Its Observability tools, such as AppDynamics and ThousandEyes provide end-to-end visibility across infrastructure and applications to enterprises and enable them to monitor and optimize performance in real time. This segment grew 24% to $261 million in fiscal Q3, driven by demand for end-to-end infrastructure monitoring via Splunk’s Observability Suite and network services.

Cisco’s Collaboration segment, which supports hybrid work through solutions like Webex and cloud contact centers, grew 4% in Q3, led by demand for Collaboration Devices and Communications Platform as a Service (CPaaS) offering. Meanwhile, its Services segment provides high-margin, recurring revenue through technical support and advisory solutions, growing 3% year-over-year and expanding across all geographic regions.

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AI Advantage

The company’s ongoing shift to a subscription model continues to bear fruit. In Q3 FY25, subscription revenue accounted for 56% of total revenue and rose 15% to $7.9 billion. The company clocked software revenue of $5.6 billion, with software subscription revenue alone up 26%. Annualized recurring revenue (ARR)1 reached $30.6 billion, up 5%, and product ARR rose 8%. Total remaining performance obligations (RPO)2 grew 7% to $41.7 billion, with 51% expected to convert into revenue within the next 12 months. Product RPO climbed 10%, while short-term RPO reached $21.1 billion, up 5%.

These gains reflect growing investment from web-scale, enterprise, and public sector customers undergoing data center and network modernization. Cisco exceeded its FY25 AI infrastructure order goal of $1 billion a quarter ahead of schedule, booking over $600 million in AI-related orders in Q3 alone, primarily from hyperscalers. Cisco’s AI infrastructure is now deployed by five of the six largest hyperscalers, with triple-digit order growth from three of them. Its deepening partnership with Nvidia, including joint solutions built on Spectrum-X Ethernet and Secure AI Factory, further strengthens its AI portfolio.

Cisco’s AI strategy centers on three pillars: powering AI training for web-scale customers at scale with Silicon One-based infrastructure; expanding into enterprise AI through joint solutions with Nvidia; and enabling widespread AI adoption with low-latency, energy-efficient networking solutions. Demand is accelerating for offerings such as Cisco’s hybrid mesh firewall and Secure AI Factory, supporting enterprise-grade AI deployments. Cisco’s upcoming campus network refresh represents a major strategic leap from its 2017–2018 upgrade cycle, shifting focus from basic infrastructure updates to embedding advanced security and enabling agentic AI across enterprise networks. This transformation, set to unfold over the next 12 to 24 months, reflects rising demands for secure, intelligent, and scalable infrastructure.

Although AI-related orders are nonlinear and can fluctuate quarterly, Cisco expects continued growth as supply catches up with demand. While AI-related orders have surged, many have yet to convert to revenue due to supply lead times. Management anticipates a more meaningful financial contribution in the second half of FY25. Cisco also sees promising long-term demand from sovereign AI cloud projects, including its strategic partnership with Saudi Arabia’s HUMAIN (Saudi Arabia’s new AI company).

Cisco’s innovation pipeline remains strong, with developments like its Quantum Network Entanglement Chip signaling longer-term investments in emerging technologies. Networking demand is broad-based, with double-digit growth in data center switching, high single-digit growth in campus switching, and triple-digit sequential growth in Wi-Fi 7 orders. Overall product orders rose 20% year-over-year in Q3, underscoring robust demand across enterprise, public sector, and service provider segments.

However, near-term margin pressures loom due to tariff uncertainty. New reciprocal tariffs from China and North American partners are expected to reduce Q4 margins by 50 basis points, despite strong revenue momentum. While exemptions for semiconductors and network components offer limited relief, Cisco is exploring long-term solutions such as shifting manufacturing and pursuing waivers.

1- ARR is defined as the annualized revenue run rate of active subscriptions, term licenses, operating leases, and other recurring contracts.

2- RPO is defined as the sum of deferred revenue and backlog, representing the total contracted revenue that is yet to be recognized. It covers all revenue under contract for which there is a future performance obligation, including multi-year product, service, and subscription agreements, regardless of whether the customer has been invoiced yet.

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Stable Growth

Cisco continues to demonstrate resilient financial performance, supported by a growing base of recurring revenue, a disciplined cost structure, and strategic investments in AI, security, and cloud networking. Over the past five years, Cisco’s revenue has grown at a CAGR of 1.9%, while its EPS declined by 0.6%. This modest topline growth and slight EPS contraction reflect a mix of stable networking sales, expansion in newer segments, margin pressures, restructuring efforts, and evolving industry demand.

In the fiscal third quarter of FY25, Cisco reported revenue of $14.1 billion, up 11% year-over-year and ahead of analysts’ expectations of $14 billion. This growth was led by strong momentum in the Security and Observability segments. Adjusted net income reached $2.5 billion, or $0.96 per diluted share, beating consensus estimates despite macroeconomic and tariff-related headwinds.

Product revenue grew 15% year-over-year to $10.4 billion, while Services revenue rose 2.6% to $3.7 billion. Cisco’s focus on operational efficiency helped lower operating expenses as a percentage of revenue from around 48% a year ago to nearly 43% in Q3. Operating income margin expanded by 5.4 percentage points to 22.6%, reflecting improved cost discipline.

Looking ahead, Cisco has guided for Q4 FY25 revenue of $14.6 billion at the midpoint and adjusted EPS of $0.97, above consensus estimates of $14.5 billion and $0.95, respectively. For the full fiscal year, Cisco expects revenue of $56.6 billion and adjusted EPS of $3.78 at midpoint, exceeding analysts’ forecasts of $56.4 billion and $3.72.

Cisco’s balance sheet remains strong, with $15.6 billion in cash and cash equivalents. Its total debt stands at $29.3 billion, including $6.4 billion in short-term and $22.9 billion in long-term borrowings. With shareholders’ equity of $45.9 billion, the company’s debt-to-equity ratio is approximately 0.64x – more than double the hardware industry median of 0.28x. This reflects Cisco’s strategic choice to take on leverage to fund large acquisitions and capital returns, creating a temporary deviation from sector norms. Despite higher leverage, Cisco maintains robust creditworthiness, with investment-grade ratings of “AA-” from S&P and “A1” from Moody’s, both with stable outlooks.

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Reliable Rewards

Cisco Systems continues to deliver strong shareholder returns through a disciplined capital allocation strategy, supported by robust free cash flow and a resilient business model. The company has increased its dividend for 13 consecutive years, reflecting a long-term commitment to returning capital to investors. Over the past decade, Cisco has increased its dividend at an average annual rate of 7.5%.

In Q3 FY25, Cisco declared a quarterly dividend of $0.41 per share, bringing the total dividend payments for the first nine months of the fiscal year to $4.8 billion. This translates to a 44% payout ratio based on adjusted earnings. With a dividend yield of 2.4%, Cisco stands well above the tech sector average of 0.6% and even outpaces many traditionally high-yielding sectors, underscoring its appeal as an income-generating investment in the technology space.

Alongside dividends, Cisco remains active on the buyback front. The company repurchased $1.5 billion worth of shares in FQ3 alone, bringing total share repurchases to $4.7 billion year-to-date. Cisco’s stock repurchase program, first authorized by its Board of Directors in September 2001, remains a key component of its shareholder return strategy. As of April 26, 2025, the company still had approximately $15.4 billion available for share repurchases under the program. Notably, the authorization has no set expiration date, giving Cisco continued flexibility to buy back shares as part of its broader capital allocation efforts.

These shareholder returns are underpinned by solid operating performance. Cisco generated $4.1 billion in operating cash flow in Q3 FY25, up 2% year-over-year, and nearly $10 billion over the first nine months. Its efficiency and capital discipline are evident in its high returns, placing it in the top 10% for ROE, top 20% for ROA, and top 30% for ROIC among hardware peers.

Over the past year, shares of Cisco Systems have surged more than 40%, fueled by strong demand for its AI-powered networking infrastructure and data center products. This momentum has been further supported by substantial growth in ARR, rising software subscriptions, and solid overall financial performance.

Despite the stock’s impressive rally, CSCO still trades at more than a 20% discount to the sector median, based on trailing and forward non-GAAP price-to-earnings (P/E) multiples. Compared to peers such as Arista Networks, Broadcom, and Palo Alto Networks, Cisco remains in the low to moderate valuation range on key metrics, including trailing and forward non-GAAP P/E, as well as forward EV/EBITDA. From a discounted cash flow perspective, the stock appears to be undervalued by approximately 30%, reinforcing the view that CSCO offers compelling long-term value despite recent gains.

Wall Street analysts remain optimistic about Cisco’s outlook. They project a potential upside of 6% over the next 12 months, with some analysts forecasting gains of nearly 15%. The bullish sentiment is anchored in Cisco’s strong position to enable AI deployment through its advanced networking and security solutions, bolstered by its proprietary Silicon One technology.

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Investing Takeaway

Cisco Systems stands out as a compelling choice for income-focused investors seeking both stability and yield. Backed by a resilient business model and steady free cash flow, the company has built a consistent track record of returning capital through dividends and buybacks. Its ability to grow distributions while maintaining financial strength reflects sound capital discipline and long-term strategic vision. As Cisco pivots toward higher-margin software and subscription services, it continues to strengthen its cash generation potential, reinforcing the sustainability of its payouts. Even amid broader market volatility and near-term margin pressures, Cisco’s income reliability and growth outlook make it an attractive anchor for dividend-oriented portfolios.

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Dividend Investor Portfolio

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Portfolio News

BlackRock (BLK) Technology services led revenue growth with a 26% jump, aided by the Preqin acquisition. Private markets added $6.8 billion in inflows, supporting BlackRock’s strategy to grow its private and tech revenue share. On July 1, the firm closed its acquisition of HPS Investment Partners, adding $165 billion in AUM and an expected $450 million in Q3 revenue.

Despite beating EPS expectations with a 16% rise to $12.05, total revenue slightly missed estimates, and net inflows of $68 billion fell short of forecasts due to a $52 billion redemption by a single Asian institutional client. Still, crypto ETF inflows rose sharply, underscoring diversification in demand. BlackRock remains focused on doubling operating income and its stock price by 2030, targeting a 30% revenue share from private markets and technology.

ExxonMobil (XOM) responded to a recent International Chamber of Commerce ruling in its contractual dispute with Hess over Guyana’s Stabroek Block, stating it disagreed with the panel’s interpretation but respected the arbitration process. Exxon emphasized its duty to uphold contract terms and protect the value created through early investments and innovation in the Guyana project. Despite the outcome, the company welcomed Chevron to the venture and reaffirmed its commitment to continued value creation. The Stabroek Block offshore Guyana is one of the world’s largest recent oil discoveries, with an estimated 11 billion barrels of recoverable oil and gas. Exxon Mobil operates the block with a 45% stake, alongside Hess (30%) and CNOOC (25%). In late 2023, Chevron announced a $53 billion deal to acquire Hess, seeking access to its stake in the Stabroek Block. Exxon and CNOOC challenged the deal, citing pre-emptive rights under the joint operating agreement that would allow them to buy Hess’s stake first. The International Chamber of Commerce arbitration panel ruled against Exxon and CNOOC, clearing the way for Chevron’s acquisition to proceed.

Separately, the Federal Trade Commission (FTC) set aside its earlier consent order, which had blocked Exxon from appointing former Pioneer CEO Scott Sheffield to its board. The original order, issued in January 2025, cited antitrust concerns over potential coordination among oil producers. However, the FTC later found the complaint lacked legal basis, failed to allege any violation of merger law, and ignored established guidelines. Concluding that maintaining the restrictions would harm the agency’s credibility, the FTC unanimously voted to vacate the order, with Exxon consenting to the decision.

IBM (IBM) is scheduled to report its second-quarter results on July 23. The company expects Q2 revenue to come in at approximately $16.6 billion at the midpoint, representing a 5% year-over-year increase and aligning with consensus estimates. For full-year fiscal 2025, IBM has projected revenue growth of at least 5% on a constant currency basis. While the company has not provided specific earnings guidance for the quarter, analysts anticipate earnings per share (EPS) of $2.65, reflecting a projected 9% increase from the prior year.

JPMorgan Chase (JPM) delivered strong Q2 2025 results, beating expectations with adjusted EPS of $4.96 versus consensus estimates of $4.48 per share. Performance was driven by solid lending margins, resilient deposits, and a 15% rise in trading revenue to $8.9 billion amid heightened market activity. Investment banking fees grew 7% to $2.5 billion on stronger dealmaking. The bank raised its full-year net interest income (NII) forecast to $95.5 billion, up from $94.5 billion, reflecting confidence in loan demand and deposit trends. This upward revision highlighted management’s bullish outlook and strength in core banking. JPMorgan also announced a new $50 billion share buyback program and raised its dividend to $1.50 per share, from the current quarterly dividend of $1.40 per share, signaling strong capital health. While CEO Jamie Dimon noted the U.S. economy remains resilient, he flagged risks tied to global tensions and fiscal challenges.

PepsiCo (PEP) reported stronger-than-expected second-quarter results, with adjusted earnings of $2.12 per share, exceeding the $2.03 consensus estimate. Revenue also beat expectations, coming in at $22.73 billion versus the projected $22.27 billion. Despite the earnings beat, the company continues to face softening demand. Global sales volume declined 1.5% for its food segment and remained flat for beverages. These figures exclude the impact of pricing and currency fluctuations.

Looking ahead, PepsiCo maintains its forecast for a low single-digit increase in organic revenue for fiscal 2025. However, it expects core constant currency EPS to decline 1.5% year-over-year to $8.03. The company also raised its quarterly dividend by 5% to $1.42 per share, reflecting its ongoing commitment to shareholder returns.

Philip Morris (PM) is set to report its second-quarter results on July 22. For fiscal year 2025, the company has projected adjusted earnings per share of $7.25 at the midpoint, excluding favorable currency impacts, representing an expected 11% year-over-year increase. Organic revenue growth is forecasted in the range of 6% to 8%. For the second quarter, analysts estimate EPS of $1.86, reflecting a projected 17% year-over-year increase. Revenue is expected to reach $10.3 billion, up 8.4% from the same period last year.

Verizon (VZ) is expected to report its Q2 results today. In FY25, Verizon has projected its total wireless service revenues to grow in the range of 2% to 2.8% while adjusted EPS is likely to stay flat or grow by 3%.

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Recent Trades

None at the moment, although we are considering adding a stock to our portfolio when the market conditions allow for an attractive entry point. Stay tuned.

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Portfolio Attributes

Dividend Portfolio Yield
Expected Dividend Growth Expected Annual Income
4.01% +6.69% $6,075.05
Yield-on-Cost Adjusted, Weighted
 Average Analyst 12-Month Growth Outlook 10K Per Stock at the Time of Purchase

Current Portfolio

 

 

Name EX-Dividend Date Payment Date Yield on Cost  Annual DPS 
Automatic Data Processing (ADP) Sep 16, 2025 Oct 02, 2025 2.46% $6.16
Amgen (AMGN) Aug 18, 2025 Sep 09, 2025 3.27% $9.52
BlackRock (BLK) Sep 09, 2025 Sep 23, 2025 2.61% $20.84
Bank of Nova Scotia (BNS) Oct 02, 2025 Oct 29, 2025 5.98% $3.2
EOG Resources (EOG) Oct 17, 2025 Oct 31, 2025 3.06% $3.92
ExxonMobil (XOM) Aug 15, 2025 Sep 10, 2025 3.64% $3.96
IBM (IBM) Aug 11, 2025 Sep 10, 2025 3.14% $6.72
JPMorgan Chase (JPM) Oct 07, 2025 Oct 31, 2025 3.43% $6.00
Kroger (KR) Aug 15, 2025 Sep 01, 2025 3.08% $1.40
LyondellBasell (LYB) Aug 26, 2025 Sep 03, 2025 5.74% $5.48
PepsiCo (PEP) Sep 09, 2025 Sep 30, 2025 3.8% $5.69
Philip Morris (PM) Sep 25, 2025 Jul 17, 2025 6.06% $5.40
Qualcomm (QCOM) Sep 05, 2025 Oct 09, 2025 2.36% $3.56
VICI Properties (VICI) Sep 18, 2025 Oct 06, 2025 5.22% $1.73
Verizon (VZ) Oct 09, 2025 Nov 04, 2025 6.09% $2.71

 

NameEX-Dividend DatePayment DateYield on Cost Annual DPS

 

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