We call them Wannabes. They’re businesses we believe that, given enough time, will achieve the 25 years of increasing dividends that qualify for Dividend Champion (DC) status. We have two main categories of Wannabes; technicals and pharmaceuticals. The MYFR System focuses on selling out of the money puts on DCs. But there are exceptions which we refer to generally as Scratch the Itch (STI) businesses. One of the major STI exceptions are the Wannabes. We are on a pause in trading currently because we have limited cash available and margin rates are high. Maybe more importantly, we are uncertain about the geopolitical environment for at least the balance of the year. But if we were selling puts we would give special attention to the Wannabes listed:
Name | Symbol | Yrs Dividend Increasing | % Increase | VL Rating |
Apple | AAPL | 13 | 8.5 | 3*1*3 |
Accenture | ACN | 19 | 10.3 | 3*1*1 |
Analog Devices | ADI | 22 | 9.7 | 4*2*3 |
Broadcom | AVGO | 14 | 36.0 | 3*3*3 |
Cisco | CSCO | 14 | 9.1 | 3*1*4 |
Microchip Technology | MCHP | 23 | 8.4 | 3*3*3 |
Microsoft | MSFT | 22 | 11.1 | 3*1*2 |
Oracle | ORCL | 15 | 13.7 | 3*1*2 |
Texas Instruments | TXN | 20 | 16.7 | 3*1*4 |
Bristol-Myers Squibb | BMY | 15 | 5.0 | 2*1*3 |
Gilead | GILD | 10 | NA | 3*1*3 |
Lilly | LLY | 10 | 8.7 | 3*1*2 |
Pfizer | PFE | 14 | 5.5 | 3*2*3 |
“% Increase” is the per cent increase per year over the last ten years.
“VL Rating” is the Value Line rating for each business. The ratings are in the three categories of Timeliness, Safety and Technical. The lower the number the better the rating.
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