Week in Review 11/23


Welcome and thanks for reading!

In this review, I will make a summary of important and interesting news and events over the last week related to my portfolio holdings. Also, I will put together some interesting articles from other websites that caught my attention during the past week.

Received Dividends:

March 13, 2023

€63.00 – Chevron Corporation (CVX)€86.22 – Target Corporation (TGT)€21.66 – Walgreens Boots Alliance, Inc. (WBA)€21.66 – Emerson Electric Co. (EMR)€73.78 – United Parcel Service, Inc. (UPS)€31.94 – Magna International Inc. (MGA)€33.73 – Global X SuperDividend ETF (SDIV)

March 15, 2023

€9.71 – NextEra Energy, Inc. (NEE)€15.93 – Avista Corporation (AVA)€21.35 – McDonald’s Corporation (MCD)€49.34 – LyondellBasell Industries N.V. (LYB)€24.49 – Main Street Capital (MAIN)€25.02 – Realty Income Corporation (O)

March 16, 2023

€104.62 – Avance Gas Holding Ltd (AVANCE.OL)€73.73 – Prudential Financial, Inc. (PRU)€24.57 – Duke Energy Corporation (DUK)

Week 11: Total net dividends €680.75

Dividend income is reported after the deduction of taxes. Check more at my Monthly Dividend sheet.

Portfolio Holdings News:

March 13, 2023

NCC AB (NCC)to build Scandic hotel in Aarhus; NCC has signed an agreement with Bassin 7 Erhverv ApS to build a Scandic hotel on Aarhus Island in Denmark. The project is a turnkey contract and the order value is approximately SEK 2 billion.

ConocoPhillips (COP) Welcomes Record of Decision on the Willow Project; With the new authorization from the U.S. Department of the Interior, COP will be permitted to drill from three locations across its Willow site in the National Petroleum Reserve-Alaska.

Pfizer Inc. (PFE) Invests $43 Billion to Battle Cancer; PFE and Seagen Inc. (Nasdaq: SGEN) today announced that they have entered into a definitive merger agreement under which Pfizer will acquire Seagen, a global biotechnology company that discovers, develops and commercializes transformative cancer medicines, for $229 in cash per Seagen share for a total enterprise value of $43 billion. The Boards of Directors of both companies have unanimously approved the transaction.

LyondellBasell Industries N.V. (LYB) announces decision to acquire Mepol Group; LYB and Mepol Group today announced they have entered into a definitive agreement for LyondellBasell to acquire Mepol Group, a manufacturer of recycled, high-performing technical compounds located in Italy and Poland, consisting of Mepol S.r.l. and its subsidiaries Polar S.r.l. and Industrial Technology Investments Poland Sp.z.o.o.

March 14, 2023

Kesko Corporation’s (KESKO) sales grew in February; KESKO Group’s sales totalled €881.7 million in February 2023, representing an increase of 4.1% in comparable terms.

General Dynamics Corporation (GD) was awardeda $1.48B modification to a contract to manufacture large-caliber metal projectiles and mortar projectiles.

Realty Income Corporation (O) Increase Monthly Dividend; O announced its Board of Directors has declared an increase in the company’s common stock monthly cash dividend to $0.2550 per share from $0.2545 per share. The dividend is payable on April 14, 2023, to stockholders of record as of April 3, 2023.

March 16, 2023

Unilever plc (AMS:UNA) announces €20 million investment in new Ukraine factory; UNA announced it will invest €20 million in a new production facility in the Kyiv region of Ukraine, to support our growing business and demonstrate our long-term commitment to the country. Construction will start this year, with the factory expected to open in 2024.

Medifast, Inc. (MED) Increased Quarterly Dividend; MED announced today that its Board of Directors has declared a $1.65 quarterly cash dividend, 0.6% increase from prior dividend. The quarterly cash dividend of $1.65 per share is payable on May 9, 2023 to stockholders of record as of the close of business on March 28, 2023.

Lockheed Martin Corporation (LMT) was awardeda $143.09M cost-plus-incentive-fee contract modification to previously awarded contract to exercise options for Navy equipment and spares.

Power Corporation of Canada (TSE:POW) Reports Fourth Quarter and 2022 Financial Results; POW reports Non-GAAP EPS of C$0.59, missing analyst estimates by C$0.39 and decreased 41.0% year-over-year.

Power Corporation of Canada (TSE:POW) Increased Quarterly Dividend; The Board of Directors of POW declared a quarterly dividend of 52.50 cents per share, an increase of 6.1%, payable May 1, 2023 to shareholders of record March 31, 2023.

March 17, 2023

NCC AB (NCC) to remodel Hammarforsen hydropower plant in Jämtland; NCC has been commissioned by Statkraft to implement measures to improve dam safety at the Hammarforsen hydropower plant. The contract includes the remodeling of a spillway to increase discharge capacity. The project consists of a construction contract in partnering form with an order value of approximately SEK 160 million.

Algonquin Power & Utilities Corp. (AQN) Announces 2022 Fourth Quarter and Full Year Financial Results; AQN reports Non-GAAP EPS of $0.22, beating analyst estimates by $0.02 and increased 4.8% year-over-year. Revenue of $748 million beats analyst estimates by $44.46 million and increased 26.4% versus the same quarter last year. Management reiterates its previously-disclosed estimate of Adjusted Net Earnings per common share for the 2023 fiscal year within a range of $0.55-$0.61

Articles that caught my attention:

Undervalued Dividend Growth Stock of the Week: Pfizer (PFE) by Jason Fieber, Mr. Free at 33, at Daily Trade AlertInvestment Review – McDonald’s Corporation $MCD by Passive Income Pursuit2 Great Industrial REIT Buys: W. P. Carey And STAG Industrial by Samuel Smith at Seeking AlphaThis Stock Yields 11%+ and is Unquestionably Cheap Right Now by James Long and Chuck Carnevale, FAST Graphs at Daily Trade AlertPrudential Financial: Price Slump And Dividend Increase Make This High-Yielder Attractive by Jonathan Weber at Seeking Alpha5 Forever Dividend Stocks To Build A Portfolio Around by Mark Roussin at Seeking AlphaCoffeehouse Portfolio: Simple and Diversified by Prakash Kolli at Dividend PowerPros and Cons of a Rating System [Podcast] by DivGuy at The Dividend Guy Blog10 Regional Banks To Buy After The Collapse Of Silicon Valley Bankby Aristofanis Papadatos at Sure DividendStocks Versus Bonds Today by Dividend Growth InvestorCVS Health: Attractive Value, 3.2% Yield With 10% Recent Dividend Growthby RoseNose at Seeking AlphaRare Buying Opportunity With One of the Greatest Dividend Growth Stocks Of All Time by Jason Fieber, Mr. Free at 33, at Daily Trade AlertWhen to Sell Stocks and Buy Bonds by Retire Before DadBecton, Dickinson and Co. (BDX) Dividend Stock Analysis by D4L at Dividend Growth StocksBig Telecom Showdown: AT&T Vs. Verizon, Who Wins? by Rida Morwa at Seeking AlphaUsing defensive sector ETFs for the Canadian retirement portfolio by Dale Roberts at Cut the Crap InvestingOur Top 10 Dividend Growth Stocks – March 2023 by Financially Free Investor at Seeking Alpha

Thanks for stopping by, have a nice next week!

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