May '25 dividend portfolio update: FTSE 100 triple header
3 FTSE 100 companies from my dividend portfolio issued results in May, including a defensive high yielder and a quality UK tech stock.
My model dividend portfolio has a median market cap under £1bn and is weighted to FTSE 250 and small-cap stocks. However, none of these smaller companies have reported over the last month – instead, we've had results from three of the FTSE 100 companies I own.
Two of these are among the portfolio's strongest performers since its inception in December 2021:
- a defensive stock that's up 75% and still offers a yield of almost 6% (my position is yielding 10% on cost);
- a high-quality compounder that's up 55% but could deliver further gains;
- an overlooked conglomerate that's slimming down to focus on its most profitable division (and returning £800m to shareholders).
Read on for full details of my thoughts on each of these companies.
As a quick reminder, my model dividend portfolio broadly mirrors the shares in my main personal portfolio, although position sizing and cost will vary for practical reasons.
Please note that my comments reflect my personal views and are not investment advice or recommendations. Please do your own research and seek professional advice if needed. Full disclaimer here.
In this month's report
Here is a list of company results covered in this month's report, together with a summary of my thoughts on each stock.
Please scroll down for the full report, or click on the links to go directly to a specific section.
