Week 11, 2020

We’ll start the week off with something new – Southern Copper (SCCO). They are the world’s largest publicly traded copper mining company. 2019 was a record year for copper production and they made nearly $1.5 billion in profit. The current yield is a nice 4.5%.

Tuesday adds another new name to our portfolio – Spire Energy (SR). They serve natural gas to 1.7 million customers in Alabama, Mississippi and Missouri, making them the fifth largest natural gas utility in the country. Spire has paid dividends for 72 consecutive years and the current yield is 3.1%.

Northrim BanCorp (NRIM) gets the mid-week slot. We traded this last year in Week 23 for a 1% return in two weeks. As mentioned before, this bank serves 90% of the Alaskan population. The current numbers look great with growth in both loans and deposits. Northrim raised their dividend a couple weeks ago and the current yield is just under 3.7%.

Next up is Oaktree Strategic Income (OCSI) – a finance company we invested in last year in Week 11. We made 2.4% in one week. You’ll never go broke with trades like that! Recent numbers are down, but still look good, a trend we’ve seen with many finance companies recently. The current yield is a really fat 7.4%.

We’ll close out the week with yet another new stock for this portfolio – FBL Financial Group (FFG), which operates the consumer brand known as Farm Bureau Financial Services in 14 Midwestern states. This life insurance and financial products company has $10.5 billion in assets and recently put in place a new CEO as part of an “orderly succession plan.” They appear to be a conservative company with a conservative customer base. The current yield is 4.15%.