Week in Review 24/22



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:



June 13, 2022


€ 60.94 – Chevron Corporation (CVX)€ 99.36 – Target Corporation (TGT)€ 22.20 – Walgreens Boots Alliance, Inc. (WBA)€ 39.02 – Global X SuperDividend ETF (SDIV)


June 15, 2022


€ 9.03 – NextEra Energy, Inc. (NEE)€ 15.58 – Avista Corporation (AVA)€ 19.72 – Main Street Capital (MAIN)€ 21.78 – Realty Income Corporation (O)


June 16, 2022


€ 24.48 – Duke Energy Corporation (DUK)€ 20.29 – The Home Depot, Inc. (HD)€ 20.93 – Viatris Inc. (VTRS)€ 23.50 – Raytheon Technologies Corporation (RTX)€ 72.63 – Prudential Financial, Inc. (PRU)


Week 24: Total net dividends € 449.46.


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



Portfolio Holdings News:


June 13, 2022


QUALCOMM Incorporated (QCOM) Acquires Cellwize to Accelerate 5G Adoption and Spur Network Infrastructure Innovation at the Edge; QCOM announced that it has acquired Cellwize Wireless Technologies Pte. Ltd., a leader in mobile network automation and management to further accelerate Qualcomm Technologies as a leader in 5G Radio Access Networks (RAN) innovation and adoption.


Chevron Corporation (CVX) completes acquisition of renewable energy group; CVX completed the acquisition of Renewable Energy Group (REGI), with the receipt of REGI stockholders’ approval.



June 14, 2022


Neste Corporation (NESTE) raises its second quarter 2022 outlook; Oil Products’ second-quarter total refining margin is expected to more than double from the level seen in the first quarter of 2022. Previously, NESTE estimated Oil Products’ second-quarter total refining margin to be at a roughly similar level as in the first quarter of 2022 (USD 10.3/bbl). The increase in the total refining margin is expected to improve the Group’s and Oil Products’ second-quarter comparable EBITDA significantly compared to the first quarter.


UPM-Kymmene Corporation (UPM) raises its earnings outlook for 2022; UPM raises its earnings outlook for H1 2022 and for the full year 2022. The company now expects its comparable EBIT to increase both in H1 2022 from H1 2021, and in the full year 2022 from 2021. Earlier, the company expected its comparable EBIT in H1 2022 to be on similar level compared to H1 2021, while comparable EBIT in the full year 2022 was expected to be on similar level or higher than in 2021.


Kesko Corporation’s (KESKO) sales grew in May; KESKO Group’s sales totalled €1,079.2 million in May 2022, representing an increase of 7.6% on the previous year. In comparable terms, sales grew by 7.6%.


NCC AB (NCC) to build Hertsö swim center in Luleå; NCC and Luleå Municipality have now initiated the construction of the Hertsö swim center in Luleå. The assignment is a partnering project and the total order value is approximately SEK 185 million.


NextEra Energy, Inc. (NEE) announces increased adjusted earnings per share expectations for 2022-2025; NEE raised its expectations for adjusted earnings per share for 2022, 2023, 2024 and 2025 to be in the range of $2.80 to $2.90, $2.98 to $3.13, $3.23 to $3.43 and $3.45 to $3.70, respectively.


Lockheed Martin Corporation (LMT) has been awardeda $450M ID/IQ contract for Joint Air-to-Surface Standoff Missile (or JASSM) production support.


Raytheon Technologies Corporation (RTX) is awardeda not-to-exceed ~$4.38B undefinitized modification (P00005) to a previously awarded cost-plus-incentive-fee, fixed-price incentive (firm-target) contract (N0001920C0011).


Raytheon Technologies Corporation (RTX) secures Defense contract; Raytheon Missiles & Defense, a Raytheon Technologies business, is awarded an $867 million Missile Defense Agency contract to deliver SM-3®Block IIAs to the United States and partners.


Realty Income Corporation (O) Declared Monthly Dividend Increase; O, The Monthly Dividend Company, announced its Board of Directors has declared an increase in the company’s common stock monthly cash dividend to $0.2475 per share from $0.247 per share. The dividend is payable on July 15, 2022, to stockholders of record as of July 1, 2022. This is the 116th dividend increase since Realty Income’s listing on the NYSE in 1994.


June 15, 2022


Orion Corporation (ORION) Acquires Inovet’s Animal Health Business; ORION has entered into an agreement with Belgian private company Inovet BV (“Inovet”) to acquire its wholly owned subsidiary V.M.D. NV and all companies belonging to V.M.D. NV’s group of companies (V.M.D. NV and its subsidiary companies collectively, “VMD”). VMD’s revenues in 2021 were EUR 61 million, and the group was profitable. Following this acquisition, the 181 employees of VMD will join the Orion Group. The transaction price is approximately EUR 130 million debt free.


NCC AB (NCC) to renovate Copenhagen’s Langelinie Quay; NCC’s foundation laying company Hercules has been commissioned by By & Havn to renovate Langelinie Quay in Copenhagen, Denmark. The order value is approximately SEK 220 million.


NCC AB (NCC) to build a new pilot hall for RISE in Örnsköldsvik; NCC and RISE (Research Institutes of Sweden) are initiating the next step in their partnership and are building the Bioeconomy Arena, a pilot hall with test bed facilities for the development of new biochemical products. The project is a turnkey contract valued at approximately SEK 150 million.


June 16, 2022


Bonava AB (BONAVA) sells a total of 137 rental apartments in Finland; BONAVA is selling 76 rental apartments in Turku, Finland, to the investor Taaleri and 61 rental apartments in Tampere to the investor eQ. The transactions amount to EUR 27 million and the first housing units are expected to be completed and handed over to the customer in the third quarter of 2023.


Lockheed Martin Corporation (LMT) has been awardeda $130.53M contract modification (P00032) to previously awarded contract FA8210-17-C-0001 for the Advanced Radar Threat System – Variant 2 (ARTS-V2).


W. P. Carey Inc. (WPC) Increases Quarterly Dividend; WPC reported that its Board of Directors increased its quarterly cash dividend to $1.059 per share, equivalent to an annualized dividend rate of $4.24 per share. The dividend is payable on July 15, 2022 to stockholders of record as of June 30, 2022.


TELUS Corporation (TSE:T) announces agreement to acquire LifeWorks; T announced that it has entered into a definitive agreement with LifeWorks, Inc. (TSX: LWRK) pursuant to which T will acquire all of the issued and outstanding common shares of LifeWorks for $33.00 per LifeWorks common share, representing total offer consideration of approximately $2.3 billion, and the assumption of net debt of approximately $600 million.


June 17, 2022


Lockheed Martin Corporation (LMT) is awardeda $578.25M firm-fixed-price modification (P00001) to a previously awarded contract (N0001922C0032).




Articles that caught my attention:



Undervalued Dividend Growth Stock of the Week: Medtronic (MDT) by Jason Fieber, Mr. Free at 33, at Daily Trade Alert2 Reasons Why Medical Properties Trust Is A Strong Buy On The Dip by Samuel Smith at Seeking AlphaCash and Patience by Liquid Independence at Freedom 35 BlogHow Much Dividend Stock do I Need to Retire Right Now? by Tom at Dividends DiversifyAlgonquin Power & Utilities Corp by SPBrunner at Investment TalkBig Daddy Teaches His Grandson How To Become A Landlord by Brad Thomas at Seeking Alpha7 High-Yield Retirement Dream Blue-Chip Buys by Dividend Sensei at Seeking AlphaRecession or stagflation? by Dale Roberts at Cut the Crap InvestingFranklin Resources (BEN): Strong Dividend History…and a 5% Dividend Yield?! by Bert at Dividend DiplomatsSavings Rate May 2022 — 35% by Graham at Reverse the Crush3 Low Volatility Stocks with High Yields by Ben Reynolds at Dividend Power10 Stocks With Strong Upside Potential Post-Crash by Wolf Report at Seeking AlphaThese 5 High-Quality Dividend Growth Stocks Are Nearly Recession-Proof by Jason Fieber, Mr. Free at 33, at Daily Trade AlertBeating The Canadian Market With Big Dividends. The Beat The TSX Portfolio by Dale Roberts at Seeking AlphaAFLAC Incorporated (AFL) Dividend Stock Analysis by D4L at Dividend Growth StocksAre We in A Bear Market? – May Dividend Income Report by DivGuy at The Dividend Guy Blog



Thanks for stopping by, have a nice next week!



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