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 25, 2026
€80.97 – TELE2
AB (TEL2)€91.62 – Royal
Bank of Canada (RY)
May 29, 2026
€19.78 –
Starbucks Corporation (SBUX)€14.04 – Eaton
Corporation plc (ETN)€14.04 – LTC
Properties, Inc. (LTC)
Week 22: Total net
dividends €218.52
Dividend
income is reported after the deduction of taxes. Check more at my
Monthly
Dividend
sheet.
Portfolio Holdings
News:
May 26, 2026
Lockheed Martin
Corporation (LMT) announced that its Aeronautics unit secured
a $100.5 million firm-fixed-price order under a previously awarded
agreement. The order covers 1,459 brake assembly heat sinks,
including 1,075 units for F-35A aircraft and 384 units for F-35B
aircraft, to support fleet maintenance and reliability.
RTX Corporation
(RTX) announced Tuesday that it was awarded
a $1.02 billion firm-fixed-price contract for the procurement of
NASAMS fire units. The work will take place in Tewksbury,
Massachusetts, with completion scheduled for May 26, 2031. The
contract is supported by FY2026 Foreign Military Sales funding for
Kuwait, with the full contract value obligated at the time of award.
May 27, 2026
The
Bank of Nova Scotia (BNS) Reports Second Quarter Results; BNS
reported second-quarter Non-GAAP EPS of C$2.02, up 32.9% year over
year and C$0.08 above analyst expectations. Revenue rose 8.4% to
C$9.84 billion, analysts expected C$9.67 billion. Adjusted return on
equity (ROE) was 13.1% compared to 11.1% a year ago. The bank
reported a Common Equity Tier 1 (CET1) ratio of 13.3%, unchanged
from the prior quarter. Provisions for credit losses (PCL) totaled
C$1.22 billion, compared with C$1.18 billion in Q1 and C$1.40 billion
in the same quarter last year.
The
Bank of Nova Scotia (BNS) Increases Quarterly Dividend; BNS
announced a dividend of C$1.14 per share, an increase of C$0.04 per
share on the outstanding common shares of the Bank. This dividend is
payable on July 29, 2026, to shareholders of record at the close of
business on July 7, 2026.
May 28, 2026
Pfizer
Inc. (PFE) and Innovent Biologics Enter Global Strategic
Collaboration to Accelerate Development of Innovative Oncology
Medicines; PFE and Innovent Biologics announced a strategic
global licensing and collaboration agreement focused on the research
and development of 12 promising early-stage and de novo oncology
therapies. Under the terms of the agreement, Innovent will receive an
upfront payment of $650 million and will be eligible for up to $9.85
billion in development, regulatory, and commercial milestone
payments. Innovent is also eligible to receive up to double-digit
royalties on sales of each approved licensed product.
Best
Buy Co., Inc. (BBY) Reports First Quarter Results; BBY reported
first-quarter non-GAAP EPS of $1.28, representing 11% year-over-year
growth and a $0.05 beat versus analyst expectations. Revenue
increased 1.9% to $8.94 billion, exceeding estimates by $110 million.
Management reaffirmed fiscal 2027 guidance for revenue of $41.2–$42.1
billion and adjusted diluted EPS of $6.30–$6.60.
Lockheed Martin
Corporation (LMT) announced
the award of two defense contracts with a combined potential
value of approximately $380.82 million. The first contract, valued at
$200.82 million on a cost-plus-fixed-fee basis, supports the Surface
Combat Systems Training Command for AEGIS training associated with
the Foreign Military Sales (FMS) program, in addition to related
support activities. The second contract, with a ceiling value of up
to $180 million, provides logistics support for the HIMARS and MLRS
programs under an indefinite-delivery/indefinite-quantity (IDIQ)
agreement serving FMS partners and cooperative programs.
Royal
Bank of Canada (RY) Reports Second Quarter 2026 Results; RY
reported quarterly adjusted EPS of C$3.90, up from C$3.12 a year
earlier and exceeding analyst expectations by C$0.11. Revenue
increased 11.4% year over year to C$17.45 billion, beating estimates
by C$180 million. The bank’s Common Equity Tier 1 (CET1) ratio was
13.5%, down 20 basis points from the prior quarter. Adjusted return
on equity (ROE) was 17.4%, in line with the same quarter last year.
Provisions for credit losses (PCL) totaled C$912 million, down from
C$1.09 billion in the previous quarter and C$1.42 billion a year
earlier.
Royal
Bank of Canada (RY) Increases Quarterly Dividend; RY announced
that its board of directors has declared an increase to its quarterly
common share dividend of 12 cents, or seven per cent, to C$1.76 per
share, payable on or after August 24, 2026, to common shareholders of
record at the close of business on July 27, 2026.
Royal
Bank of Canada (RY) to repurchase up to 45 million of its common
shares; RY announced its intention, subject to the approval of
the Toronto Stock Exchange (TSX) and the Office of the Superintendent
of Financial Institutions (OSFI), to commence a normal course issuer
bid and to repurchase for cancellation up to 45 million of its common
shares.
The
Toronto-Dominion Bank (TD) Reports Second Quarter 2026 Results;
TD reported second-quarter non-GAAP EPS of C$2.38, up 20.8% year over
year and exceeding analyst expectations by C$0.12. Revenue increased
5.9% to C$16.04 billion, beating estimates of C$15.01 billion.
Adjusted return on equity (ROE) improved to 14.4%, compared with
12.3% a year earlier. The bank’s Common Equity Tier 1 (CET1) ratio
was 14.3% as of April 30, 2026, down from 14.5% in the prior quarter
and 14.9% a year earlier. Provisions for credit losses (PCL) declined
to C$1.0 billion from C$1.04 billion in the prior quarter and C$1.34
billion in the same quarter last year.
The
Toronto-Dominion Bank (TD) Increases Quarterly Dividend; TD
announced a quarterly dividend of C$1.12 per share for the quarter
ending July 31, 2026, representing a 3.7% increase from the prior
dividend of C$1.08 per share. The dividend will be payable on or
after July 31, 2026, to shareholders of record at the close of
business on July 10, 2026.
Canadian
Imperial Bank of Commerce (CM) Announces Second Quarter 2026 Results;
CM reported fiscal second-quarter non-GAAP EPS of C$2.54, compared
with C$2.05 in the prior-year quarter and above analyst expectations
by C$0.09. Revenue increased 14.0% year over year to C$8.0 billion,
exceeding consensus estimates by C$40 million. The bank’s Common
Equity Tier 1 (CET1) ratio was 13.6% as of April 30, 2026, compared
with 13.4% at the end of the previous quarter. Provisions for credit
losses (PCL) totaled C$605 million, consistent with the same period
last year. Adjusted return on equity (ROE) improved to 16.4% from
13.9% a year earlier.
Canadian
Imperial Bank of Commerce (CM) Announces Intention to Repurchase up
to 30 Million Common Shares; CM announced its intention to
purchase for cancellation up to 30 million common shares under a
normal course issuer bid, subject to the approval of the Toronto
Stock Exchange (TSX). Common shares that may be purchased for
cancellation represent approximately 3.3% of outstanding common
shares as at April 30, 2026.
May 29, 2026
NCC
AB (NCC) to construct pumping station for Sydvatten in southern
Sweden; NCC has been commissioned by Sydvatten to construct a new
pumping station at the Ringsjöverket waterworks in Skåne in
southern Sweden. The project is a construction contract and the order
value is approximately SEK 170 million.
General Dynamics
Corporation (GD) announced that one of its business units was awarded
a $106.0 million cost-plus-fixed-fee task order for baseline
sustainment and obsolescence support. The contract has a total value
of up to $294.9 million, including option periods, with execution
scheduled through May 2031. The work will support the sustainment and
modernization of the ground segment for the Mobile User Objective
System (MUOS).
The
Bank of Nova Scotia (BNS) to Acquire MapleMark Bank; BNS
announced that it has entered into a definitive agreement to acquire
Maple Financial Holdings, Inc. (parent company to MapleMark Bank).
MapleMark Bank is a U.S. commercial bank with operations primarily in
Dallas, Texas. The transaction is subject to customary closing
conditions and receipt of regulatory approvals and is not expected to
have a material impact on Scotiabank’s earnings or CET1 ratio.
Articles that
caught my attention:
Undervalued
Dividend Growth Stock of the Week: TE Connectivity (TEL) by
Jason Fieber at Daily Trade AlertManulife
vs Sun Life Financial – Who Wins? by Dan Kent at Stocktrades
Canada10
Dividend Stocks For Building Intergenerational Wealth by Bob
Ciura at Sure DividendMcCormick:
Unilever Synergies Create A Great Long-Term Story by Gen Alpha at
Seeking AlphaA
Deep Review of Each Canadian Big 6 Bank by Dan Kent at
Stocktrades Canada2026
List of MLP Stocks: All 28 Ranked & Analyzed by Simply Safe
DividendsBadger
Meter: Sales Growth Is Slowing by Dividend Power at Seeking Alpha10
International Dividend Aristocrats With Exceptional Dividend Growth
Histories by Bob Ciura at Sure DividendA
Retirement Crisis May Be Coming – And Most Investors Are Not Ready
by Leo Nelissen at Seeking AlphaMarket
Volatility at 40 vs. 65: What Changes by Mike at The Dividend Guy
BlogMedtronic
Inc. (MDT) Dividend Stock Analysis by D4L at Dividend Growth
StocksAltria:
I See A Path Toward A $100 Share Price Within 5 Years by Sensor
Unlimited at Seeking Alpha
Thanks for
stopping by!