Week 31, 2020

We’ll start this week off with Fastenal (FAST). We traded this distributor of industrial and construction products twice last year with success. Just a few days ago they posted a 10% increase in earnings over a year ago, mainly due to the fact that one of their products lines is PPE. The current yield is 2.2%.

Next up is Clorox (CLX). This global supplier of cleaning products, charcoal, kitty litter and more has products in 9 out of 10 households in the US. The current yield is just under 2%.

First Republic Bank (FRC) gets the mid-week slot. This bank has over $100 billion in assets and is a component of the S&P 500. They have a conservative business model with growth in both loans and deposits. The current yield is a tiny 0.7%.

NiSource (NI) is next. This utility, operating as Columbia Gas, serves 4 million customers in Indiana, Kentucky, Maryland, Massachusetts, Ohio, Pennsylvania and Virginia. As we’ve seen with other utilities, NiSource has been “minimally affected” by COVID-19. The current yield is 3.5%.

For Friday, we have an open position in Peoples Bancorp (PEBO) going ex-dividend. Like most banks, they’re struggling with the best way to provide their products and services during COVID-19 and just barely eked out a profit last quarter. The current yield is just over 6.5%.