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:
October 28, 2025
€62.42 –
Canadian Imperial Bank of Commerce (TSE:CM)
October 29, 2025
€83.57 – The
Bank of Nova Scotia (TSE:BNS)
October 31, 2025
€37.22 –
Edison International (EIX)€12.21 – LTC
Properties, Inc. (LTC)€96.70 – The
Toronto-Dominion Bank (TSE:TD)€66.54 – TC
Energy Corporation (TSE:TRP)€19.09 –
Capital Power Corporation (TSE:CPX)
Week 44: Total net
dividends €377.75
Dividend
income is reported after the deduction of taxes. Check more at my
Monthly
Dividend
sheet.
My Portfolio’s
Transactions:
October 29, 2025
I purchased 20
shares of ONEOK, Inc. (OKE) at $68.32 per share plus commission.
At today’s
exchange rate, that purchase 20 shares of OKE will increase €53.25
of my expected annual net dividend income. Following this
acquisition, the portfolio now contains a total of 110 ONEOK, Inc.
shares at an average purchase price of $44.27 and yield on cost is
9.28%. After this acquisition, OKE ’s weight of my portfolio is
about 0.85% and its share of future annual dividend income is
approximately 1.26%.
Portfolio Holdings
News:
October 27, 2025
QUALCOMM
Incorporated (QCOM) Unveils AI200 and AI250; QCOM announced the
launch of its next-generation AI inference-optimized solutions for
data centers: the Qualcomm® AI200 and AI250 chip-based accelerator
cards, and racks. Building off the Company’s NPU technology
leadership, these solutions offer rack-scale performance and superior
memory capacity for fast generative AI inference at high performance
per dollar per watt—marking a major leap forward in enabling
scalable, efficient, and flexible generative AI across industries.
Essential
Utilities, Inc. (WTRG) and American Water to Merge as a Leading
Regulated U.S. Water and Wastewater Utility; WTRG and American
Water Works Company, Inc. (AWK) announced that each company’s board
of directors has unanimously approved a definitive agreement to
combine in an all-stock, tax-free merger as a leading regulated U.S.
water and wastewater public utility with a pro forma market
capitalization of approximately $40 billion and a combined enterprise
value of approximately $63 billion, based on closing stock prices as
of October 24, 2025. Under the terms of the agreement, Essential
shareholders will receive 0.305 shares of American Water for each
share of Essential they own at the closing of the transaction.
H2O
America (HTO) Announces Third Quarter 2025 Financial Results; HTO
reported Q3 non-GAAP EPS of $1.27, reflecting an 8.6% year-over-year
increase and beating analyst expectations by $0.09. Revenue grew 6.9%
to $240.6 million, surpassing estimates by $2.1 million. Management
narrowed its 2025 adjusted diluted EPS guidance to a range of
$2.95–$3.00 and reaffirmed its non-linear long-term diluted EPS
growth target of 5%–7% through 2029, anchored off 2022’s diluted
EPS of $2.43.
NextEra
Energy, Inc. (NEE) and Google Announce New Collaboration to
Accelerate Nuclear Energy Deployment in the U.S.; NEE unveiling a
partnership with Google to restart the Duane Arnold Energy Center,
Iowa’s only nuclear facility, with plans to be fully operational by
Q1 2029. Once operational, Google will purchase power from the 615-MW
plant as a 24/7 carbon-free energy source to help power Google’s
growing cloud and AI infrastructure in Iowa.
October 28, 2025
Orion
Corporation (ORION) Interim Report January–September 2025;
ORION reported third-quarter earnings per share of €0.68, missing
analyst expectations by €0.01 and marking a 40.4% year-over-year
decline. Net sales for July–September totaled €423.2 million,
down from €471.3 million in the same period last year. The
prior-year figure was boosted by €130 million in milestone payments
from the Nubeqa collaboration with Bayer. Analysts had expected net
sales of €430.4 million for the quarter. According to the company’s
updated guidance, management now anticipates full-year revenue of
€1.64–1.72 billion and operating profit of €410–490 million.
NCC
AB (NCC) to modernize Viborg’s central wastewater treatment plant
in Denmark; NCC, in a consortium with Envidan, has been
commissioned by Energi Viborg Vand A/S to modernize and expand
Viborg’s central wastewater treatment plant on Denmark’s Jutland
peninsula. The project is a turnkey contract, and the total order
value for the consortium is approximately SEK 630 million.
NextEra
Energy, Inc. (NEE) Reports Third-Quarter 2025 Financial Results;
NEE reported third-quarter non-GAAP earnings per share of $1.13,
beating analyst expectations by $0.11 and rising 9.7% year-over-year.
Revenue increased 5.3% to $7.97 billion, though it fell short of
estimates by $1.25 billion. For 2025, management reaffirmed its
adjusted EPS guidance in the range of $3.45 to $3.70 and maintained
its expectation to grow dividends per share by approximately 10%
annually through at least 2026, based on the 2024 dividend level.
Edison
International (EIX) Reports Third Quarter 2025 Results; EIX
reported third-quarter non-GAAP earnings per share of $2.34, up 55%
year-over-year and beating analyst expectations by $0.16. Revenue
rose 10.6% year-over-year to $5.75 billion, which was in line with
analyst estimates. Management narrowed its 2025 core EPS guidance to
a range of $5.95–$6.20 and maintained its long-term core EPS growth
outlook of 5% to 7% annually from 2025 through 2028.
ONEOK,
Inc. (OKE) Announces Third Quarter 2025 Earnings; OKE reported
third-quarter 2025 GAAP EPS of $1.49, up 26.3% year-over-year and
$0.04 above analyst estimates. Adjusted EBITDA rose to $2.12 billion
from $1.55 billion a year earlier, including $7 million in
transaction costs. Management reaffirmed its 2025 guidance for both
net income and adjusted EBITDA.
United
States Government, Brookfield and Cameco Announce Transformational
Partnership to Deliver Long-term Value Using Westinghouse Nuclear
Reactor Technology; Cameco and Brookfield Asset Management
unveiling a strategic partnership with the U.S. government to build
at least $80 billion worth of new nuclear reactors, part of the push
to meet rising demand for electricity from artificial intelligence.
The reactors would be constructed across the U.S. using Westinghouse
Electric’s nuclear reactor technology; Westinghouse is 51% owned by
Brookfield Renewable Partners (NYSE:BEP) and 49% by Cameco
(NYSE:CCJ).
United
Parcel Service, Inc. (UPS) Releases 3Q 2025 Earnings; UPS
reported third-quarter non-GAAP earnings per share of $1.74, down
1.1% year-over-year but $0.44 above analyst expectations. Revenue
totaled $21.4 billion, exceeding estimates by $560 million despite a
3.6% decline from the same period last year. For the fourth quarter
of 2025, management expects consolidated revenue of approximately
$24.0 billion and a non-GAAP adjusted operating margin of around
11.0%–11.5%.
Visa
Inc. (V) Reports Fiscal Fourth Quarter and Full-Year 2025 Results;
V reported fourth-quarter non-GAAP earnings per share (EPS) of $2.98,
up 10% year-over-year and $0.01 above analyst expectations. Revenue
increased 11.4% to $10.72 billion, exceeding estimates by $100
million. For the first quarter, management expects Class A EPS growth
in the low teens, net revenue growth at the high end of the low
double-digit range, and operating expense growth in the low double
digits.
Visa
Inc. (V) Increases Quarterly Dividend; The Board of Directors of
V has declared a quarterly cash dividend of $0.67 per share,
representing a 13.6% increase from the prior dividend of $0.59 per
share. The dividend is payable on December 1, 2025, to shareholders
of record as of November 12, 2025.
Ares
Capital Corporation (ARCC) Announces September 30, 2025 Financial
Results; ARCC reported third-quarter non-GAAP earnings per share
of $0.50, representing a 13.8% year-over-year decline, but in line
with analyst expectations. Total investment income came in at $782
million, up 0.9% from the same quarter last year and exceeding
estimates by $15.4 million. As of October 23, 2025, the company
reported an investment backlog of approximately $3.0 billion.
W.
P. Carey Inc. (WPC) Announces Third Quarter 2025 Financial Results;
WPC reported third-quarter adjusted funds from operations (AFFO) of
$1.25 per share, beating analyst expectations by $0.04 and rising
5.9% year-over-year. Revenue increased 8.5% to $431.3 million,
exceeding estimates by $6.5 million. Management raised and narrowed
its 2025 AFFO guidance to a range of $4.93–$4.99 per diluted share,
reflecting higher anticipated full-year investment volume of $1.8
billion to $2.1 billion.
October 29, 2025
Neste
Corporation’s (NESTE) Interim report for January–September 2025;
NESTE reported third-quarter comparable EPS of €0.23, up from €0.02
in the same period last year and above analyst expectations of €0.01.
Net sales declined to €4,534 million from €5,624 million a year
earlier, missing the consensus estimate of €5,176 million. Despite
the revenue shortfall, management maintained its market outlook,
noting that sales volumes of renewable products and oil products are
expected to grow in 2025 compared with 2024. The company’s guidance
remains unchanged.
UPM-Kymmene
Corporation (UPM) Interim Report Q3 2025; UPM reported
third-quarter comparable EPS of €0.19, missing analyst expectations
by €0.03 and down 54.8% year over year. Revenue fell 8.9% to €2,298
million, coming in €35 million below analyst estimates, reflecting
weaker demand and lower paper prices. Management expects adjusted
operating profit for the July–December period to range between €425
million and €650 million, in line with its previous outlook.
Verizon
Communications Inc. (VZ) Reports 3Q 2025 Earnings; VZ reported
third-quarter non-GAAP EPS of $1.21, up 1.7% year over year and $0.02
above analyst expectations. Revenue rose 1.5% to $33.8 billion,
though it fell short of estimates by $470 million. Wireless equipment
revenue totaled $5.6 billion, representing a 5.2% year-over-year
increase. For 2025, management raised its full-year guidance, now
expecting adjusted EBITDA growth of 2.5% to 3.5%, adjusted EPS growth
of 1% to 3%, and free cash flow between $19.5 billion and $20.5
billion.
CVS
Health Corporation (CVS) Reports Third Quarter 2025 Results; CVS
reported third-quarter non-GAAP EPS of $1.60, up 46.8% year over year
and beating analyst expectations by $0.24. Revenue rose 7.8% to
$102.9 billion, exceeding estimates by $4.07 billion. Management
raised its full-year 2025 adjusted EPS guidance to a range of
$6.55–$6.65, up from the previous outlook of $6.30–$6.40. The
company also updated its cash flow from operations guidance to a
range of $7.5 billion–$8.0 billion, from at least $7.5 billion
previously.
Starbucks
Corporation (SBUX) Reports Q4 and Full Fiscal Year 2025 Results;
SBUX reported fourth-quarter non-GAAP EPS of $0.52, down 35% year
over year and $0.03 below analyst expectations. Revenue increased
5.8% to $9.6 billion, exceeding estimates by $250 million, driven by
modest global comparable-store sales growth and continued
international expansion. The company reported 107 net store closures
during the quarter, ending the period with 40,990 stores worldwide.
This included 627 store closures related to the restructuring plan
announced on September 25, 2025, with over 90% of the closures
occurring in North America.
Smurfit
Westrock Plc (SW) Reports Third Quarter 2025 Results; SW reported
third-quarter Non-GAAP EPS of $0.58, up 9.4% year over year but
missing analyst expectations by $0.14. Despite the earnings miss,
revenue surged 4.3% year-over-year to $8.0 billion, beating estimates
by $110 million. Management now expect to deliver full year adjusted
EBITDA of between $4.9 billion to $5.1 billion.
Prudential
Financial, Inc. (PRU) Announces Third Quarter 2025 Results; PRU
reported third-quarter non-GAAP earnings per share (EPS) of $4.26,
representing a 9.2% to 27.9% year-over-year increase and beating
analyst expectations by $0.54. Book value per common share rose to
$90.69, up from $84.47 in the same period last year. Assets under
management (AUM) increased to $1.612 trillion, compared with $1.558
trillion a year earlier, reflecting continued growth across the
company’s investment and insurance operations.
Capital
Power Corporation (TSE:CPX) Reports Third Quarter 2025 Results;
CPX reported third-quarter GAAP EPS of C$0.94, a 28.8% decrease
year-over-year. Adjusted funds from operations (AFFO) rose to C$369
million, up from C$315 million in the prior-year quarter. Revenue and
other income totaled C$1.21 billion, compared with C$1.03 billion in
the third quarter of 2024. Management reaffirmed its 2025 guidance
for both Adjusted EBITDA and AFFO.
October 30, 2025
Kesko
Corporation (KESKO) Interim Report Q3 2025; KESKO reported
third-quarter comparable EPS of €0.36, €0.01 below analyst
expectations but up 5.9% year over year. Revenue totaled €3,227.3
million, an increase of 6.6% from the prior year, though €4 million
short of estimates. Adjusted operating profit rose to €208.1
million, compared with €201.5 million a year earlier, while
analysts had expected €213 million. Management revised its
full-year guidance, now expecting adjusted operating profit between
€640 million and €690 million, slightly narrowing the previous
range of €640 million to €700 million.
WEC
Energy Group, Inc. (WEC) Reports Third-Quarter Results; WEC
reported third-quarter GAAP EPS of $0.83, up 9.2% year over year and
$0.02 above analyst expectations. Revenue totaled $2.14 billion,
exceeding estimates by $240 million and rising 15.1% from the same
period last year. Management reaffirmed its full-year 2025 earnings
guidance of $5.17 to $5.27 per share, assuming normal weather
conditions for the remainder of the year.
Kimberly-Clark
Corporation (KMB) Announces Third Quarter 2025 Results; KMB
reported third-quarter non-GAAP EPS of $1.82, matching last year’s
result and beating analyst expectations by $0.07. Revenue rose 0.2%
to $4.15 billion, exceeding estimates by $50 million. Looking ahead,
management expects 2025 adjusted operating profit to grow at a low
single-digit rate on a constant-currency basis compared with the
prior year, and projects adjusted free cash flow of approximately $2
billion for 2025.
Bristol-Myers
Squibb Company (BMY) Reports Third Quarter Financial Results for
2025; BMY reported third-quarter non-GAAP EPS of $1.63,
reflecting a 9% year-over-year decline but coming in $0.11 above
analyst expectations. Revenue totaled $12.22 billion, up 2.8% from
the same period last year and beating estimates by $420 million.
Management raised its full-year 2025 revenue guidance to a range of
$47.5 billion to $48.0 billion and updated its non-GAAP EPS outlook
to $6.40–$6.60, which includes a $(0.80) per share net impact
related to the acquired IPR&D charge from the BioNTech
transaction.
Gilead
Sciences, Inc. (GILD) Announces Third Quarter 2025 Financial Results;
GILD reported third-quarter non-GAAP EPS of $2.47, up 22.3% year over
year and $0.33 above analyst expectations. Revenue rose 2.9% to $7.77
billion, surpassing estimates by $310 million. Management raised its
full-year 2025 adjusted diluted EPS guidance to $8.05–$8.25, up
from the prior range of $7.95–$8.25.
Cardinal
Health, Inc. (CAH) Reports First Quarter Fiscal Year 2026 Results;
CAH reported Q1 non-GAAP EPS of $2.55, a 36% increase year over year
and $0.38 above analyst expectations. Revenue for the quarter was $64
billion, exceeding estimates by $4.73 billion and representing a 22%
increase compared to the same period last year. Management raises
fiscal year 2026 non-GAAP EPS guidance to $9.65 to $9.85 and fiscal
year 2026 non-GAAP adjusted free cash flow outlook to $3.0 to $3.5
billion.
Altria
Group, Inc. (MO) Reports 2025 Third-Quarter Results; MO reported
third-quarter adjusted EPS of $1.45, representing a 3.6%
year-over-year increase and coming in in line with analyst
expectations. Revenue declined 1.5% to $5.26 billion, missing
estimates by $50 million. Management raised the lower end of its
full-year 2025 guidance and now expects adjusted diluted EPS of $5.37
to $5.45, reflecting a projected growth rate of 3.5% to 5.0% from the
2024 base of $5.19.
The
Hershey Company (HSY) Reports Third-Quarter 2025 Financial Results;
HSY reported third-quarter non-GAAP EPS of $1.30, beating analyst
estimates by $0.24 despite a 44.4% year-over-year decline. Revenue
totaled $3.18 billion, up 6.4% from the same quarter last year and
$60 million above expectations. Looking ahead to full-year 2025,
management expects net sales to increase by approximately 3%, while
adjusted EPS is projected to decline by 36% to 37%, reflecting
ongoing margin pressures and higher input costs.
L3Harris
Technologies, Inc. (LHX) Reports Third Quarter 2025 Results; LHX
reported third-quarter non-GAAP EPS of $2.70, representing a 10%
year-over-year increase and $0.13 above analyst expectations. Revenue
totaled $5.7 billion, up 7% from the same period last year and $190
million ahead of estimates. Management raised its full-year 2025
total company revenue guidance to $22 billion and updated its
non-GAAP EPS outlook to a range of $10.50–$10.70 per share. Free
cash flow guidance remains unchanged at $2.65 billion.
Omega
Healthcare Investors, Inc. (OHI) Reports Third Quarter 2025 Results;
OHI reported third-quarter funds from operations (FFO) of $0.78 per
share, beating analyst expectations by $0.02 and representing a 9.9%
year-over-year increase. Revenue rose 12.9% to $311.59 million,
surpassing estimates by $50 million. Management raised its full-year
2025 adjusted FFO (AFFO) guidance to $3.08–$3.10 per share, up from
the previous range of $3.04–$3.07.
October 31, 2025
Dominion
Energy, Inc. (D) Announces Third-Quarter 2025 Results; D reported
third-quarter non-GAAP earnings per share of $1.06, an 8.2% increase
year over year and $0.11 above analyst expectations. Revenue came in
at $4.53 billion, exceeding estimates by $280 million and rising 9.2%
compared to the same period last year. Management narrowed its
full-year 2025 operating earnings guidance to a range of $3.33 to
$3.48 per share.
Chevron
Corporation (CVX) Reports Third Quarter 2025 Results; CVX
reported third-quarter non-GAAP earnings per share of $1.85, a 26.3%
decline year-over-year, but $0.14 above analyst expectations. Revenue
decreased 1.9% from the same period last year to $49.73 billion, yet
still surpassed estimates by $2.31 billion.
AbbVie
Inc. (ABBV) Reports Third-Quarter 2025 Financial Results; ABBV
reported third-quarter non-GAAP EPS of $1.86, a 38% year-over-year
decline but $0.08 above analyst expectations. The results included an
unfavorable impact of $1.50 per share related to acquired IPR&D
and milestone expenses. Revenue rose 9.1% to $15.78 billion,
exceeding estimates by $200 million. Management raised its full-year
2025 adjusted diluted EPS guidance to a range of $10.61–$10.65, up
from the prior range of $10.38–$10.58. This updated outlook
includes an unfavorable impact of $2.05 per share from acquired IPR&D
and milestone expenses incurred year-to-date through the third
quarter of 2025.
AbbVie
Inc. (ABBV) Announces Quarterly Dividend Increase; ABBV announced
that its Board of Directors has approved a quarterly cash dividend
increase from $1.64 to $1.73 per share, representing a 5.5% increase.
The dividend will be payable on February 17, 2026, to shareholders of
record as of January 16, 2026.
T.
Rowe Price Group, Inc. (TROW) Reports Third Quarter 2025 Results;
TROW reported third-quarter non-GAAP earnings per share of $2.81,
beating analyst estimates by $0.27 and representing a 9.3%
year-over-year increase. Revenue grew 5.6% to $1.89 billion, slightly
below expectations by $10 million. Assets under management (AUM)
climbed by $90.4 billion during the quarter to reach $1.77 trillion
as of September 30, 2025.
Magna
International Inc. (MGA) Announces Third Quarter 2025 Results;
MGA reported third-quarter Non-GAAP EPS of $1.33, representing 3.9%
year-over-year growth and beating analyst expectations by $0.08.
Revenue totaled $10.46 billion, an increase of 1.8% from the same
period last year and $200 million above estimates. Management revised
its full-year 2025 sales outlook upward to a range of $41.1 billion
to $42.1 billion, compared to the previous range of $40.4 billion to
$42.0 billion.
LyondellBasell
Industries N.V. (LYB) Reports Third Quarter 2025 Earnings; LYB
reported third-quarter 2025 non-GAAP earnings per share of $1.01,
marking a 47% year-over-year decline but beating analyst expectations
by $0.21. Revenue came in at $7.72 billion, down 10.2% from the prior
year, yet still surpassing estimates by $330 million. Looking ahead,
management reiterated its goal to deliver $600 million in incremental
cash flow in 2025 and at least $1.1 billion in total improvements by
the end of next year, underscoring continued focus on operational
efficiency and cost optimization.
Canadian
National Railway Company (TSE:CNR) Reports Third Quarter Financial
and Operating Results; CNR reported adjusted earnings of C$1.83
per share for the quarter ended September 30, up from C$1.72 in the
same period last year and beating analyst expectations by C$0.06.
Revenue rose 1.5% year over year to C$4.17 billion, coming in C$20
million above analyst forecasts. Management maintained its 2025
guidance for mid-to-high single-digit adjusted diluted EPS growth,
reflecting confidence in the company’s long-term operational and
financial performance.
Articles that
caught my attention:
Undervalued
Dividend Growth Stock of the Week: Prudential Financial (PRU) by
Jason Fieber at Daily Trade AlertEstate
planning basics, on the Sunday Reads by Dale Roberts at Cut the
Crap InvestingTwenty
Dividend Growth Stocks Raising Distributions Last Week by
Dividend Growth InvestorMy
Portfolio’s Biggest Problem – And The 4 Stocks I’m Betting On Next
by Leo Nelissen at Seeking Alpha2025
Goals and Resolutions – Q3 Update by Bob at Tawcan10
Of The Right Retirement Stocks For Income Investors by Bob Ciura
at Sure Dividend5
Critical Things to Do Before Retirement [Podcast] by Mike at The
Dividend Guy BlogThe
Performance of the Average Investor – Myth vs Reality by Dividend
Growth InvestorMy
Top 10 High-Yield Picks For November 2025: One Yields 9%+ by
Frederik Mueller at Seeking AlphaExposure
Increased As ADP Valuation Improves by Charles Fournier at
Financial Freedom Is A Journey10
Top Canadian Dividend Stocks, Ranked In Order by Bob Ciura at
Sure DividendEssential Utilities: I’m Holding Shares Ahead Of The Merger by Ian Bezek at Seeking AlphaCaterpillar,
Inc. (CAT) Dividend Stock Analysis by D4L at Dividend Growth
StocksLyondellBasell:
Huge Earnings Beat, 12% Dividend Yield by Jonathan Weber at
Seeking Alpha
Thanks for
stopping by!