Week in Review 37/22

 

 

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:

 

 

September 12, 2022

 

€ 63.66 – Chevron Corporation (CVX)€ 92.81 – Target Corporation (TGT)€ 22.99 – Walgreens Boots Alliance, Inc. (WBA)

 

September 14, 2022

 

€ 39.46 – Global X SuperDividend ETF (SDIV)

 

September 15, 2022

 

€ 44.82 – Avance Gas Holding Ltd (AGAS.OL)€ 16.13 – Avista Corporation (AVA)€ 9.35 – NextEra Energy, Inc. (AGAS.OL)€ 20.90 – The Home Depot, Inc. (HD)€ 74.79 – Prudential Financial, Inc. (PRU)

 

September 16, 2022

 

€ 20.53 – McDonald’s Corporation (MCD)€ 30.27 – Flowers Foods, Inc. (FLO)€ 20.80 – Main Street Capital (MAIN)€ 23.03 – Realty Income Corporation (O)

 

 

Week 37: Total net dividends € 479.54.

 

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

 

 

My Portfolio’s Transactions:

 

 

September 13, 2022

 

I opened a new position and purchased 60 shares of Ally Financial Inc. (ALLY) at $ 32.75 per share plus commission.

 

September 15, 2022

 

I closed my STORE Capital Corporation (STOR) position by selling 145 shares at $ 32.22 per share plus commission.

 

 

Portfolio Holdings News:

 

 

September 12, 2022

 

NCC AB (NCC) to refurbish Käppalaverket; NCC is refurbishing the Käppalaverket wastewater treatment plant on Lidingö, outside of Stockholm, in partnership with the Käppala Association, to upgrade the plant’s capacity and performance. The project is a design-build contract in partnering form and the order value for the first main phase is approximately SEK 1,000 million.

 

Magna International Inc. (MGA) Enters Micromobility Market; MGA is expanding into the fast-growing micromobility market by investing $77 million in Yulu, India’s largest electrified shared mobility provider, and creating a battery-swapping service company.

 

LTC Properties, Inc. (LTC) Completes $62 Million Joint Venture Investment for Purchase of Three Skilled Nursing Centers; LTC announced a joint venture investment for the purchase of three skilled nursing centers, operated by a partner new to LTC. LTC will be the majority owner with a $62 million contribution to the joint venture. The three skilled nursing centers are located in northern Florida, were constructed between 2018 and 2021, have a combined 299 licensed beds primarily in private rooms, and are operated by PruittHealth, Inc.

 

 

September 13, 2022

 

Kesko Corporation’s (KESKO) sales grew in August; KESKO Group’s sales totalled €1,062.4 million in August 2022, an increase of 8.4% in comparable terms. The month had one delivery day more than the comparison month.

 

Lockheed Martin Corporation (LMT) and Raytheon Technologies Corporation (RTX) awardeda ~$311.17M modification (P00074) to contract W31P4Q-19-C-0076 for full-rate production of Javelins.

 

Raytheon Technologies Corporation (RTX) updates its free cash flow outlook for the capitalization of Research and Experimentation for tax purposes; RTX now expects its full year 2022 free cash flow to be approximately $4.0 billion instead of approximately $6.0 billion. Management reaffirms its full year outlook for sales of $67.75 – $68.75 billion, adjusted earnings per share of $4.60 – $4.80 and share repurchase of at least $2.5 billion of RTX shares.

 

T. Rowe Price Group, Inc. (TROW) Reports Preliminary Month-end Assets Under Management for August 2022; TROW reported preliminary AUM of $1.34T as of Aug. 31, down from $1.39T as of Jul. 31.

 

Lazard Ltd (LAZ) Reports August 2022 Assets Under Management; LAZ reported preliminary AUM as of Aug. 31 was ~$217B, down from $225B as of Jul. 31.

 

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 $0.248 per share from $0.2475 per share. The dividend is payable on October 14, 2022, to stockholders of record as of October 3, 2022. This is the 117th dividend increase since Realty Income’s listing on the NYSE in 1994.

 

September 14, 2022

 

NextEra Energy, Inc. (NEE) to sell equity units; NEE announced that it intends to sell $2.0 billion of equity units. Each equity unit will be issued in a stated amount of $50. Each equity unit will consist of a contract to purchase NextEra Energy common stock in the future and a 5% undivided beneficial ownership interest in a NextEra Energy Capital Holdings, Inc. debenture due Sept. 1, 2027, to be issued in the principal amount of $1,000. The debentures will be guaranteed by NextEra Energy Capital Holdings’ parent company, NextEra Energy, Inc.

 

Johnson & Johnson (JNJ) Announces $5 Billion Share Repurchase Program; JNJ announced that the Board of Directors has authorized the repurchase of up to $5 billion of the company’s common stock. Management reaffirms its full-year 2022 adjusted operational sales growth and earnings per share guidance of 6.5% – 7.5% and $10.65 to $10.75 per share, respectively.

 

Philip Morris International Inc. (PM) Increases Dividend; The Board of Directors of PM has increased the company’s regular quarterly dividend by 1.6% to an annualized rate of $5.08 per share.  The new quarterly dividend of $1.27 per share, up from $1.25 per share, is payable on October 12, 2022, to shareholders of record as of September 28, 2022.

 

Raytheon Technologies Corporation (RTX) won contract to modernize WAAS; Raytheon Intelligence & Space, a RTX busines), has been awarded a competitive indefinite delivery indefinite quantity contract from the Federal Aviation Administration with a ceiling value of $375 million over the next 10 years.

 

September 15, 2022

 

UPM-Kymmene Corporation (UPM)completes the acquisition of AMC AG; UPM’s Raflatac has completed the acquisition of AMC AG (Advanced Methods of Coating). The acquisition announced in May 2022 was closed on 15 September 2022 after regulatory clearances.

 

NCC AB (NCC) to build new school in Sickla; On behalf of Nacka Municipality, NCC will upgrade, modernize and expand Sickla school. The project is a turnkey contract in partnering form with an order value of approximately SEK 150 million.

 

Texas Instruments Incorporated (TXN) Increases Dividend and Authorization Additional Share Repurchases; TXN will raise its quarterly cash dividend 8%, from $1.15 per share to $1.24, or $4.96 annualized. The higher dividend will be payable November 15, 2022, to stockholders of record on October 31, 2022. TXN also authorized the company to repurchase an additional $15 billion of its common stock over time. This is in addition to approximately $8.2 billion of previously authorized repurchases that remained at the end of June 2022.

 

W. P. Carey Inc. (WPC) Increases Quarterly Dividend; WPC reported that its Board of Directors increased its quarterly cash dividend from $1.059 to $1.061 per share, equivalent to an annualized dividend rate of $4.24 per share. The dividend is payable on October 14, 2022 to stockholders of record as of September 30, 2022.

 

STORE Capital Corporation (STOR) to be Acquired by GIC and Oak Street; STOR announced that they have entered into a definitive agreement under which GIC and funds managed by Oak Street will acquire STORE Capital in an all-cash transaction valued at approximately $14 billion. Store Capital shareholders will receive $32.25 per share in cash,  once the transaction is completed, the shares of real estate investment firm STOR will no longer be listed on the NYSE.

 

 

Articles that caught my attention:

 

 

Undervalued Dividend Growth Stock of the Week: U.S. Bancorp (USB) by Jason Fieber, Mr. Free at 33, at Daily Trade Alert2022 Financial Goals – September Update by Mark at My Own AdvisorTractor Supply Company: A Niche Retailer With More Room To Grow by Passive Income Pursuit at Seeking AlphaMondelez International: Buy The Snack Giant by Dividend Power at Seeking AlphaThe Coffee Can Portfolio by Dividend Growth InvestorMonthly Dividend Stock In Focus: Orchid Island Capital by Nate Parsh at Sure Dividend3 Reasons Why LyondellBasell Is A Top High Yield Buy by High Yield Investor at Seeking AlphaLiving Off Of The Dividends In Retirement; Why Sell Yourself Short? by Dale Roberts at Seeking AlphaMy Favorite New Investing Resource by Dividend Growth InvestorHow Compounding Dividends Work Magic (in More Ways Than 1) by Tom at Dividends DiversifyJohnson & Johnson (JNJ) Dividend Stock Analysis by D4L at Dividend Growth StocksOpportunity: These 5 Dividend Growth Stocks Have Totally Collapsed by Jason Fieber, Mr. Free at 33, at Daily Trade AlertIf You Think The Market Is Going To Crash: 2 Strong High Yield Dividend Buys And 1 Sell by Robert & Sam Kovacs at Seeking AlphaSTORE Capital: Who Expected This To Happen? by Brad Thomas at Seeking AlphaInvestment Review – Phillips 66 $PSX by Passive Income Pursuit3 High-Yielding Tech Stocks by Dividend PowerIntel (INTC) Stock – Too Cheap to Ignore?! | Dividend Investing by Lanny at Dividend DiplomatsMonthly Review Of DivGro: August 2022 by FerdiS at DivGro

 

 

Thanks for stopping by, have a nice next week!

 

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