Week 35 – Last Week of August

This week everything is new to the portfolio!

First up is KeyCorp (KEY), better known to most as KeyBank. Headquartered in Cleveland, it’s the 28th largest bank in the country. According to their latest earnings, KeyBank appears to be making giant piles of money. Works for me. The current yield is just above 4.5%.

For Tuesday the pick is Parker Hannifin (PH). They make “motion control technologies” – similar to Eaton, a company we selected back in Week 31. Parker has been listed on the New York Stock Exchange since 1964 and employs 58,000 people. They are a component of the S&P 500 and the current yield is 2.15%.

Next is Weyco Group (WEYS). They are a footwear manufacturer of several familiar brands including Florsheim and Stacy Adams. This one is a little risky as recent sales have been down and a 10% tariff imposed on footwear may have a significant effect on the price moving forward – although I think it’s probably already priced in. The company has been around for over 120 years. I think they’ll figure things out. The current yield is 4%.

Molson Coors (TAP) will get the penultimate spot this week. TAP is seventh largest brewer in the world with more brands than I can count. They’ve had some recent slowdowns, but they also recently upped their dividend by 39%! Molson has been around since the 1700s and Coors since the 1800s. They merged in 2005. TAP is a component of the S&P 500 and the current yield is a nice 4.4%.

Finally, we’ll go with Associated Banc-Corp (ASB) to close out the week. They’re the largest bank headquartered in Wisconsin and have over 230 locations in several states. The recent earnings numbers look good to me and they have $34 billion in assets. ASB is a component of the S&P 400 and the current yield is just over 3.5%.