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:
May 26, 2025
€358.94 –
Mandatum Oyj (MANTA)€20.57 – Eaton
Corporation plc (ETN)€84.65 – Royal
Bank of Canada (RY)
May 27, 2025
€80.46 – NN
Group N.V. (AMS:NN)
May 30, 2025
€20.00 –
Starbucks Corporation (SBUX)€12.45 – LTC
Properties, Inc. (LTC)
Week 22: Total net
dividends €586.75
Dividend
income is reported after the deduction of taxes. Check more at my
Monthly
Dividend
sheet.
Portfolio Holdings
News:
May 26, 2025
Mandatum
Incentives Oy will be merged into Mandatum Life Services Ltd;
Mandatum Incentives Oy, a wholly-owned subsidiary of Mandatum Life
Insurance Company Limited, will merge into Mandatum Life Services
Ltd, a company also wholly-owned by Mandatum Life Insurance Company
Limited, as a sister company merger in accordance with the Finnish
Limited Liability Companies Act. The effective date of the merger is
31 May 2025, and no merger consideration will be paid. The rationale
behind the merger is Mandatum’s aim to simplify its group
structure.
May 27, 2025
UPM-Kymmene
Oyj (UPM) sharpens its focus on biofuels growth strategy and plans to
discontinue the Rotterdam Biofuels Refinery project; UPM plans to
discontinue the development of its potential second biomass-to-fuels
refinery at the Port of Rotterdam. As a result, UPM plans to halt all
engineering work related to the CAPEX investment in Rotterdam and to
withdraw from all site-related commitments associated with the
Rotterdam investment.
Golar
LNG Limited (GLNG) Interim results for the period ended March 31,
2025; GLNG reported adjusted earnings of $0.18 per share for Q1,
falling short of both the $0.45 EPS reported in the same quarter last
year and the $0.19 consensus estimate from five analysts. Revenue
declined 3.8% year-over-year to $62.5 million, also missing
expectations of $66.74 million.
The
Bank of Nova Scotia (BNS) Reports Second Quarter Results; BNS
reported second-quarter non-GAAP EPS of C$1.52, a 3.8% decline
year-over-year and C$0.03 below analyst expectations. Revenue rose
8.7% to C$9.08 billion, slightly missing estimates by C$10 million.
The Common Equity Tier 1 (CET1) capital ratio improved to 13.2%, up
approximately 30 basis points from the prior quarter. Provision for
credit losses (PCL) came in at C$1.398 billion, significantly higher
than C$1.007 billion in the same quarter last year and above the
C$1.22 billion projected by analysts.
The
Bank of Nova Scotia (BNS) Increases Quarterly Dividend; BNS
announced a quarterly dividend increase of C$0.04, representing a
3.8% raise from the prior dividend of C$1.06 to C$1.10 per share. The
dividend is payable on July 29, 2025, to shareholders of record as of
the close of business on July 2, 2025.
May 28, 2025
Kesko
Corporation (KESKO) has completed the acquisition of the Danish
builders’ merchant Tømmergaarden A/S; KESKO has completed the
acquisition of the Danish builders’ merchant Tømmergaarden A/S.
The acquisition is the last of Kesko’s three recent Danish
acquisitions to be completed and it makes Kesko’s Danish subsidiary
Davidsen a significant nationwide player in the Danish builders’
merchant market.
Lockheed Martin
Corporation (LMT) has been awarded
a $509.76M modification to a previously awarded U.S. Air Force
contract for Global Positioning System III Follow-On Space Vehicles
21 and 22.
The
Bank of Nova Scotia (BNS) Receives Approval to Repurchase Up to 20
Million of its Common Shares; BNS announced that the Toronto
Stock Exchange (“TSX”) and the Office of the Superintendent
of Financial Institutions (“OSFI”) have approved its normal
course issuer bid to purchase up to 20 million of its Common Shares.
This represents approximately 1.6 per cent of the 1,245,577,909
Common Shares issued and outstanding as of May 23, 2025.
May 29, 2025
Best
Buy Co., Inc. (BBY) Reports First Quarter Results; BBY reported
first-quarter non-GAAP earnings per share (EPS) of $1.15, a 4.2%
decline from the prior year but $0.06 above analyst expectations.
Revenue fell 0.9% year-over-year to $8.77 billion, missing estimates
by $50 million. Management also revised its full-year fiscal 2026
guidance. Revenue is now expected to range between $41.1 billion and
$41.9 billion, down from the previous outlook of $41.4 billion to
$42.2 billion. Adjusted diluted EPS guidance was also narrowed to
$6.15–$6.30, compared to the prior range of $6.20–$6.60.
Royal
Bank of Canada (RY) Reports Second Quarter 2025 Results; RY
reported quarterly adjusted earnings per share (EPS) of C$3.12, up
from C$2.92 in the same period last year but below analyst
expectations of C$3.17. Revenue rose 10.7% year-over-year to C$15.67
billion, though it fell short of analyst estimates by C$70 million.
The bank’s Common Equity Tier 1 (CET1) ratio remained steady at
13.2% compared to the previous quarter, marking a 40 basis point
increase year-over-year. Provisions for credit losses totaled C$1.42
billion, an increase of C$504 million (55%) from a year ago and C$374
million (36%) from the previous quarter.
Royal
Bank of Canada (RY) Declares Dividend Increase; RY announced that
its board of directors has declared an increase to its quarterly
common share dividend of six cents, or four per cent, to $1.54 per
share, payable on or after August 22, 2025, to common shareholders of
record at the close of business on July 24, 2025.
Canadian
Imperial Bank of Commerce (CM) Announces Second Quarter 2025 Results;
CM reported fiscal Q2 Non-GAAP EPS of C$2.05, a 14.5% increase from
C$1.79 a year earlier and C$0.15 above analyst expectations of
C$1.90. Revenue rose 14% year-over-year to C$7.02 billion, beating
consensus estimates by C$120 million. The Common Equity Tier 1 (CET1)
ratio was 13.4% as of April 30, 2025, slightly down from 13.5% in the
previous quarter. Provision for credit losses increased to C$605
million, up C$91 million year-over-year.
Articles that
caught my attention:
Undervalued
Dividend Growth Stock of the Week: EOG Resources (EOG) by Jason
Fieber at Daily Trade AlertDividends
feel good, but they don’t contribute to wealth creation by Dale
Roberts at Cut the Crap InvestingRealty
Income Vs. NNN REIT: I Have A Preference, But I’m Buying Both by
Cash Flow Venue at Seeking Alpha5
Red Flag Dividend Champions Most Likely To Cut Their Dividends by
Bob Ciura at Sure DividendThe
Power of Moats by Dividend Growth InvestorThe
Dark Side Of High-Yield Investing by Samuel Smith at Seeking
AlphaRegulated
Contracts, and a Dividend That Flows Like Clockwork by DivGuy at
Dividend Monk10
Undervalued Hidden Gem Dividend Stocks For Savvy Investors by Bob
Ciura at Sure DividendGenuine
Parts Company (GPC) Dividend Stock Analysis by D4L at Dividend
Growth StocksWhen
$7 Trillion Wakes Up: Buy These 3 Dividend Stocks Before Everyone
Else Does by Leo Nelissen at Seeking Alpha3
Tech Stocks Growing Dividends at A High Rate by Bob Ciura at
Dividend PowerHEICO
Exceeds Fair Value by Charles Fournier at Financial Freedom Is A
JourneyDividend
Harvesting Portfolio Week 221: $22,100 Allocated, $2,225.40 In
Projected Dividends by Steven Fiorillo at Seeking AlphaWhy
EPS Isn’t What You Think It Is—And What Dividend Investors Must
Watch Instead by Mike at The Dividend Guy BlogThis
Isn’t The Philip Morris You Think It Is by Investor Overview at
Seeking Alpha
Thanks for
stopping by!