Week 24, 2020

We’ll start the week off with a good old-fashioned food company – Lancaster Colony (LANC). They have a wide range of brands, healthy financials, and are one of only 13 companies in the US that have raised dividends for the last 57 years! The current yield is 1.8%.

Next up is United Bancorp (UBCP). We’ve traded this community bank with $715 million in assets once before. Like most community banks the numbers are down but they’re still making profits. The current yield is 5%.

For Wednesday, June 10, we still own Northrim BanCorp (NRIM) from Week 11. This bank that serves 90% of the Alaskan population is down 27% from when we first purchased it and the current yield is 5.7%.

Next up is a newcomer to our portfolio – Broadridge Financial Solutions (BR). They are a global fintech company with over $4 billion in annual revenues that specializes in financial services such as annual reports, proxy statements and virtual meetings for public companies. They are a component of the S&P 500 and the current yield is 1.75%.

Finally, for Friday, June 12, we have two open positions that are going ex-dividend: Oaktree Strategic Income (OCSI) with an 8.3% yield and FBL Financial Group (FFG) with a 5.6% yield, both also from Week 11.