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 16, 2024
€24.79 – Duke
Energy Corporation (DUK)€24.03 –
NextEra Energy, Inc. (NEE)€25.48 – Main
Street Capital (MAIN)€33.66 –
Realty Income Corporation (O)
September 17, 2024
€22.50 –
McDonald’s Corporation (MCD)
September 18, 2024
€275.67 –
Avance Gas Holding Ltd (AVANCE)€5.17 – V.F.
Corporation (VFC)
September 19, 2024
€14.33 –
Smurfit Westrock Plc (SW)€66.04 –
Manulife Financial Corporation (MFC)
September 20, 2024
€11.56 –
L3Harris Technologies, Inc. (LHX)
Week 38: Total net
dividends €503.21
Dividend
income is reported after the deduction of taxes. Check more at my
Monthly
Dividend
sheet.
My Portfolio’s
Transactions:
September 19,
2024
I closed my BCE
Inc. (BCE) position by selling 115 shares at C$48.13 per share plus
commission.
At today’s
exchange rate, this sale of 115 BCE shares will reduce €225.70 of
my expected annual net dividend income.
Portfolio Holdings
News:
September 16,
2024
Sampo
plc (SAMPO) increases its share buyback programme to €475 million
and extends it until 30 November 2024; Following the announcement
of the final result of the exchange offer to Topdanmark shareholders,
the Board of Directors of SAMPO has resolved to increase the €400
million buyback programme announced on 17 June 2024 to €475
million. In connection with the resolution to increase the total size
of the buyback programme, the Board has resolved to extend the
buybacks to end no later than 30 November 2024.
September 17,
2024
Philip
Morris International Inc. (PM) Announces Agreement for Sale of
Vectura Group to Molex; PM disclosed on Tuesday that it sold
Vectura to Molex Asia through its wholly owned Vectura Fertin Pharma
subsidiary. The sale includes upfront cash consideration of GBP 150
million, subject to customary purchase price adjustments, and
potential deferred payments of up to GBP 148 million. The transaction
is subject to customary closing conditions, including regulatory
approval.
L3Harris
Technologies, Inc. (LHX) awarded
a $142M cost-plus-fixed-fee, firm-fixed-price, and cost only,
indefinite-delivery/indefinite-quantity type contract action for
Photonics Mast Depot repair services and parts procurement.
Canadian
National Railway Company (TSE:CNR) Announces US$750 Million Debt
Offering; CNR announced a public debt offering of US$750 million
aggregate principal amount of 4.375% Notes due 2034. CNR expects to
close the offering on September 18, 2024, subject to the satisfaction
of customary closing conditions.
September 18,
2024
NCC
AB (NCC) to upgrade water and wastewater network in Ale Municipality;
On behalf of Ale Municipality, NCC is to upgrade the water and
wastewater network and secure the supply of drinking water in Ale,
north of Gothenburg, Sweden. The project is a turnkey contract in
partnering form with an order value of approximately SEK 450 million.
General
Mills, Inc. (GIS) Reports Fiscal 2025 First-quarter Results; GIS
reports Q1 Non-GAAP EPS of $1.07, down 2% versus prior year but $0.01
ahead of estimates. Revenue of $4.85 billion beats analyst estimates
by $50 million but decreased 1% versus the same quarter last year.
Management reaffirmed its full-year fiscal 2025 financial targets:
Adjusted operating profit is expected to range between down 2 percent
and flat in constant currency and Free cash flow conversion is
expected to be at least 95 percent of adjusted after-tax earnings.
Emera
Incorporated (TSE:EMA) Announces Increase in Common Dividend; EMA
announced that its Board of Directors approved a 1% increase in the
annual common share dividend, raising it to $2.90 from $2.87 per
common share.
September 19,
2024
Texas
Instruments Incorporated (TXN) Increases Quarterly Dividend; TXN
said it will raise its quarterly cash dividend 5%, from $1.30 per
share to $1.36, or $5.44 annualized. The higher dividend will be
payable November 12, 2024, to stockholders of record on October 31,
2024, contingent upon formal declaration by the board of directors at
its regular meeting in October.
W.
P. Carey Inc. (WPC) Increases Quarterly Dividend; WPC reported
that its Board of Directors increased its quarterly cash dividend to
$0.875 per share, from prior dividend of $0.870, equivalent to an
annualized dividend rate of $3.50 per share. The dividend is payable
on October 15, 2024 to stockholders of record as of September 30,
2024.
September 20,
2024
Cardinal
Health, Inc. (CAH) to acquire Integrated Oncology Network; CAH
announced that it has entered into a definitive agreement to acquire
Integrated Oncology Network (ION), a physician-led independent
community oncology network, for $1.115B in cash. The deal is expected
to be accretive to non-GAAP earnings per share after 12 months after
close.
Articles that
caught my attention:
Undervalued
Dividend Growth Stock of the Week: Medtronic (MDT) by Jason
Fieber at Daily Trade AlertOur
U.S. stock portfolio on the Sunday Reads by Dale Roberts at Cut
the Crap InvestingEnbridge:
No Margin Of Safety by Brad Thomas at Seeking AlphaCanadian
Natural – Is This Still Canada’s Darling Oil Producer? by
Dylan Callaghan at StocktradesMain
Street Capital Is Overvalued Despite Returning More Capital To
Shareholders by Steven Fiorillo at Seeking AlphaPatience,
Persistence, Perseverance by Dividend Growth InvestorShould
You Buy New Dividend Payers: Meta, Google, and Salesforce? [Podcast]
by Mike at The Dividend Guy BlogWhy
Energy Stocks Are The Ultimate Undervalued Dividend Play Right Now
by Leo Nelissen at Seeking AlphaFinancial
Confidence is the New Financial Independence by Craig Stephens at
Retire Before DadThe
Magnificent 12 GARP Portfolio Beats The Magnificent 7 Fuelled S&P
500 In 2024 by Dale Roberts at Seeking AlphaT.
Rowe Price Group Inc. (TROW) Dividend Stock Analysis by D4L at
Dividend Growth StocksAn
Important Warning For Dividend Investors After The Fed’s Big Rate Cut
by Samuel Smith Samuel Smith
Thanks for
stopping by!