May '26 portfolio update: what I'll be buying and selling in June

May turned out to be a fairly positive month for my quality dividend portfolio, thanks partly to an improved takeover proposal for one of my larger holdings, FTSE 100 testing and certification specialist Intertek (LON:ITRK).

Would-be private equity bidder EQT has indicated it might be prepared to pay £60 per share in cash, but has not yet made a firm offer. The two companies are currently working through a due diligence progress, with a deadline for a bid of 11 June 2026.

Given that EQT has worked its way up from £51.50 to £60, my guess is that this deal will go ahead.

Intertek is not the only company that could be leaving my portfolio in the coming months. I've also decided to sell another holding in June, during my usual quarterly trading window.

The departing stock is a FTSE 100 consumer goods business with an attractive yield but some constraints on long-term growth.

In this month's portfolio review, I've explained the reasons for my sale decision and shared details of one new buy and one top up I'm planning for the month ahead.

Quick reminder: my model dividend portfolio broadly mirrors the shares in my main personal portfolio, although position sizing and average price paid 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.

Disclosure: I owned shares in Intertek at the time of publication.

For an explanation of my Quality Dividend score, see here.

In this month's report

Three of the FTSE 100 companies in my dividend portfolio issued results in May. I've reviewed each of them and share my thoughts below.

I've also included full details of the portfolio trades I'm planning in June.

Please scroll down for the full report, or click on the links to go directly to a specific section: