AbbVie Inc (ABBV), Cracker Barrel Old Country Store, Inc. (CBRL): Second Quarter Update – My Perfect Dividend Portfolio

Page 1 of 2

So it’s time for the second quarter update for my Perfect Dividend Portfolio, which I began to put together back in December and completed in April. I must take a moment to brag a bit; my portfolio is doing exactly what I wanted, and I am totally happy.

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)

In this article, I’ll talk about how my three favorite companies are doing: Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL), Meredith Corporation (NYSE:MDP) Publishing, and Sunoco Logistics Partners L.P. (NYSE:SXL).

For more information about my portfolio selection strategy, please read
this article
.

Portfolio status and future plans

All of the companies scored at least 18 points on my rating system when I chose them. I will re-calculate their score once per quarter. Anything that drops below a 16 will be considered for replacement.

I am also keeping a close eye on the current yield. I intend to reinvest dividends once per quarter, after all ten companies have paid out, and I will reinvest in each company in the order in which I chose it, unless the company no longer scores at least an 18.

My portfolio as a whole is currently yielding 3.8%, with which I am very happy considering my minimum criterion is 3.0%. I’d like to keep the yield on the entire portfolio between 3.5% and 4.0%.

Based on current share prices, the portfolio is up 6%, and it has paid out 1.7% in dividends.

Individual Companies

Now, for a quick update on where the individual companies stand today:

My first selection was Abbott Laboratories (NYSE:ABT). Once the company split into two on January 3, I sold the Abbott shares (then yielding only 1.8%) and reinvested in AbbVie Inc (NYSE:ABBV) shares (then yielding 5.0%). AbbVie Inc (NYSE:ABBV) paid out its dividend on May 15. The company is currently trading at $42 per share, up 32% from where I bought it in December. AbbVie Inc (NYSE:ABBV)‘s rating is a mix of the Abbott Laboratories (NYSE:ABT) and AbbVie Inc (NYSE:ABBV) metrics, and it now scores a 20 on my scoring system.

While I acknowledge that AbbVie Inc (NYSE:ABBV) is a new company and separate from Abbott Laboratories (NYSE:ABT), I believe that the management team will attempt to continue the same dividend growth strategy that Abbott Laboratories (NYSE:ABT) has pursued. Should AbbVie Inc (NYSE:ABBV) prove to follow a different dividend growth strategy, I will assess and remove it from my portfolio when it becomes necessary.

Partnerre Ltd (NYSE:PRE)

was my second selection, and it paid a dividend on May 31. It is currently trading at $88, up 9% from where I purchased it. Partnerre Ltd (NYSE:PRE)’s dividend yield has dropped to 2.9%, and its score has dropped to 17, so I’m considering it for replacement next quarter.

Enterprise Products Partners L.P. (NYSE:EPD)

paid a dividend on May 7. It is trading at $59, up 21%. Enterprise Products Partners L.P. (NYSE:EPD) has a 15-year history of raising dividends, and a 5-year DGR of 5.7%. The partnership has increased its dividend twice so far this year; its second quarter dividend was an increase of 7% over the same quarter last year. However, the dividend metrics have softened since I chose it; I am considering it for replacement.

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)

continues to delight me. The company paid a dividend on May 6. It’s trading at $95, up 49%. Interestingly enough,
Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)‘s robust share price growth was matched by a significant increase in its dividend (50%), so it is still yielding 3.3%, and it has improved to a 20 on my scoring system.


A blowout earnings report shows that management is definitely doing something right with this company.
Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) currently pays out a reasonable 38% of earnings, but an even lower 16% of free cash flow, which it actually increased by over 100% year-over-year. Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)
seems to be doing everything right, and they are rewarding their shareholders as they should.

Page 1 of 2

Biotech Insider Alert - $6 Stock To Hit $40

$200 Million Dollar Healthcare Hedge Fund's #1 Best Idea Right Now

The best healthcare hedge fund out there right now is one of the largest shareholders in this biotech stock. The fund returned more than 20% in each of the last 2 years with a virtually fully hedged portfolio, and it's sending out a BUY signal on this biotech stock. Get your FREE REPORT today (retail value of $300)

This is a FREE report from Insider Monkey. Credit Card is NOT required.
Click here to Read Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 74 percentage points in 2.5 years. Our beta is only 1.2 (download a FREE newsletter and see the details inside)

Lists

Best Selling Magazines in the World

Shortest People in History

The Most Celebrated Holidays in the World

Most Expensive Handbag Brands in the World

Top Selling Comic Book Issues of this Century

The Most Powerful Women in Politics

Best Paid DJs

Most Rebellious Female Artists

Best Paid TV Actresses of 2014

Best Paid Actors of 2014

Most Expensive Horses in the World

Tallest People Ever

Most Encouraging Feminist Celebrities

Best Paid Supermodels of 2014

Top 10 Suburbs for Retirement in 2015

10 Wealthiest Cities in America

Top 10 TED Talks for Entrepreneurs

Best TED Talks on Education

25 Most Dangerous Places to Live in America

Top 10 Ski Resorts in the United States – 2014 List

Top 10 Most Remote Places in the World

Most Visited Museums in the United States

Wealthiest Photographers in the World

Most Famous Gay Athletes

The World’s Most Famous Circuses

Best Hair Stylists

Most Popular NASCAR Drivers

The Best Romance Movies of all Time

The Most Wanted Drug Lords

The Oldest Money Managers

The Greatest Directors in the World

Largest Animals in the World

World’s Most Expensive Desserts

Best Selling Comic Books of All Time

A-list Actors who Sabotaged Their Career

Rappers With a College Degree

The Best Jazz Albums of all Time

The Most Influential Jazz Musicians

The World’s Most Famous Photographers

The Best Oscar-Winning Songs

Most Influential Choreographers Ever

Most Expensive Department Stores in the World

The Most Expensive Stolen Paintings in the World

The World’s Most Expensive Teas

Top Oscar Record Holders

The Most Expensive Flowers in the World

Countries With a Booming Film Industry

Most Expensive Cupcakes in the World

Uncommon European Escapes

The Most Stolen Artists in History

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 129% in 2.5 years!! Wondering How?

Download a complete edition of our newsletter for free!