The summer is flying by and it’s hard to believe it’s already time for our July dividend portfolio update! Going into the month we were prepared for a weakness after a strong performance in June. However, the markets had other plans as our dividend portfolio zoomed to new highs. This time it was the big guns like J&J, Abbvie and even MMM that rebounded from lows and added some much needed spark to our portfolio. Of course there always has to be a few dogs and this month it was telecom a AT&T and Verizon fulfilling that role.
That brings us to the steaming pile of garbage that is Warner Brother Discovery. I had high hopes for this company after the spinoff from AT&T. Their presence in streaming and large portfolio of content should have push growth and set the company and investors up for success. But those hopes have pretty much been dashed as this company turned into a giant turd that can’t seem to do anything right.Continue reading “July 2023 Dividend Portfolio Update”