As posted yesterday, I am making several allocation changes to the three buttonwoodproject portfolios. Today are the changes for the candidates on the income list.
I’m shaving 2 percentage points off the ALPS Select Dividend Dogs ETF to make allowances for increases in Intel and some other names. SDOG continues to be a prudent play on a well-diversified group of undervalued dividends paying stocks, however, and still commands a 10% share of the pie. Intel continues to perform well in a robust semiconductor sector and the holding moves up a notch to 10% of the total. I am bullish on the prospects for undervalued International Paper Co. and, therefore, it now has 10% of the pie vs. 7% when I added the stock to the list in February of last year. I am also raising international chemical and oil refining giant LyondellBasell two percentage points to 11%, as worldwide growth in the company’s basic chemical products remains strong. In order make room for these increases, I am shaving off 1 percentage point from Johnson & Johnson, the iShares Global Telecom Exchange Traded Fund and household products company Kimberly-Clark. The other names on the list remain unchanged. Here is the current allocation for the remainder of 2018.