I'm excited to share 9 dividend stocks that I own, that I almost sold, (but I decided to keep). Many of these smaller dividend stock positions are true gems in my portfolio, in my humble opinion. Others are ones that I'd probably sell if I ever needed capital.
#dividend #stock #investing

Timestamps:
0:00 Introduction
0:44 I considered selling all 9 of these positions recently, because they are smaller positions in my portfolio.
2:14 SEGMENT 1: 9 DIVIDEND STOCKS I OWN THAT I CONSIDERED SELLING
2:33 Check out the pinned comment for a link to my Patreon.
3:06 These 9 stocks comprise 6.10% of my portfolio's value, and 5.50% of dividend income.
3:30 SEGMENT 2: BREAKDOWN OF THE 9 STOCKS
3:34 DIVIDEND STOCK 1: Caterpillar (CAT) 1.2% of my portfolio
4:36 Forward PE is in 13s
4:56 Starting dividend yield 2.11%
5:23 CAT's fundamentals (and share appreciation) have vastly outperformed my expectations.
6:16 DIVIDEND STOCK 2: Walmart (WMT) 1.1% of my portfolio
6:37 5Year Dividend CAGR only 1.9%
7:33 There is a tax impact to selling. And, I like to balance gains and losses.
8:05 Emotional investing It's one of my first positions owned
9:17 DIVIDEND STOCK 3: BP (BP) 1.0% of my portfolio
10:18 Forward PE of 6
10:23 Huge 4.9% dividend yield
10:45 I see the energy sector as a hedge, as a form of diversification
11:44 DIVIDEND STOCK 4: IBM (IBM) 0.9% of my portfolio
12:26 4.97% dividend yield
12:30 Technology exposure
13:13 If I ever had to raise capital again, IBM would be at the top of my sell list.
13:51 DIVIDEND STOCK 5: Utz Brands, Inc. (UTZ) 0.50% of my portfolio
14:15 I considered all of my small stocks, because they take up mindshare.
14:35 I don't mind having overexposure to snack foods, because it's a great category that I understand.
15:07 Forward PE of 30, due to quick growth
15:15 2year dividend CAGR of 6.8%
15:40 Small cap, highgrowth stock
16:18 DIVIDEND STOCK 6: Carrier (CARR) 0.50% of my portfolio
16:25 CARR is one of my highperformers, of course I could not sell.
16:32 3Year Dividend CAGR of 32.2%
17:16 United Technologies used to be one of my favorite positions. I'm holding the spinoffs and managing it all as 1.
18:08 Carrier is way off the list, no way I would sell.
18:18 DIVIDEND STOCK 7: Otis (OTIS) 0.4% of my portfolio
18:27 The 3Year Dividend CAGR is 19.3%
18:40 In general, I will not sell a huge winner. (Although, there was 1 exception, Apple.)
19:28 DIVIDEND STOCK 8: Bank of Hawaii (BOH) 0.3% of my portfolio
19:49 Regional banks are under a lot of pressure
20:00 Forward PE of 9
20:05 Dividend yield of 6.7%
21:11 If I had to sell something, maybe BOH would be on the list in the future.
22:35 DIVIDEND STOCK 9: Hasbro (HAS) 0.2% of my portfolio
22:49 Lackluster business performance the last few years
23:16 Forward PE of 14.53 with 4.33% dividend yield
24:04 If I had to make a deeper cut, I would probably sell HAS.
26:12 DISCLOSURE AND DISCLAIMER

DISCLOSURE: I am long Caterpillar (CAT), Walmart (WMT), BP (BP), Shell (SHEL), Chevron (CVX), IBM (IBM), Utz Brands, Inc. (UTZ), Carrier (CARR), Raytheon Technologies (RTX), Otis (OTIS), Bank of Hawaii (BOH), Hasbro (HAS), Raytheon Technologies (RTX), PepsiCo (PEP), Starbucks (SBUX), and SCHD. I own these stocks in my personal dividend stock portfolio.

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