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:
November 25, 2024
€19.27 – Eaton
Corporation plc (ETN)€85.08 – Royal
Bank of Canada (RY)
November 29, 2024
€21.50 –
Starbucks Corporation (SBUX)€13.39 – LTC
Properties, Inc. (LTC)
Week 48: Total net
dividends €139.25
Dividend
income is reported after the deduction of taxes. Check more at my
Monthly
Dividend
sheet.
My Portfolio’s
Transactions:
November 27, 2024
I opened a new
position and purchased 40 shares of JPM US Equity Premium Income
Active UCITS ETF USD Dist (JEIP.DE) at €24.60 per share plus
commission.
JEIP is the EU
version of the super-popular US JEPI fund, which aims to deliver high
dividends and some long-term capital appreciation. In the US, the
fund has been around for a few years and has over $30 billion in
assets under management. It is the largest active exchange traded
fund in the world. This EU version works in much the same way as the
US JEPI. We access it through the Xetra exchange on the German stock
exchange, where it has the ticker JEIP. My intention is to gradually
increase my ownership in JEIP until I have 500 shares.
Portfolio Holdings
News:
November 24, 2024
ONEOK,
Inc. (OKE) Announces Agreement to Acquire Remaining Publicly Held
Common Units in EnLink Midstream in a Tax-Free Transaction; OKE
and EnLink Midstream, LLC (NYSE: ENLC) announced that they have
executed a definitive merger agreement under which ONEOK will acquire
all of the outstanding publicly held common units of EnLink for $4.3
billion in ONEOK common stock. Under the agreement, each outstanding
common unit of EnLink that ONEOK does not already own will be
converted into 0.1412 shares of ONEOK common stock.
November 26, 2024
Best
Buy Co., Inc. (BBY) Reports Third Quarter Results; BBY reports Q3
Non-GAAP EPS of $1.26, missing analyst estimates by $0.03 and
decreasing 2% year-over-year. Revenues decreased 3.2% to $9.45
billion, missing estimates by $180 million. Management are adjusting
full year comparable sales guidance to a decline in the range of 2.5%
to 3.5% and updated guidance for FY25: Revenue of $41.1 billion to
$41.5 billion, which compares to prior guidance of $41.3 billion to
$41.9 billion and Non-GAAP diluted EPS of $6.10 to $6.25, which
compares to prior guidance of $6.10 to $6.35.
Lockheed Martin
Corporation (LMT) has been awarded
a $129.7M fixed-price contract from the U.S. Army to provide
technical assistance support for the Phased Array Tracking Radar to
Intercept on Target Advanced Capability-3.
RTX Corporation
(RTX) has been awarded
a $590.8M U.S. Navy contract for low rate initial production of 13
Next Generation Jammer Mid-Band ship sets for the Navy EA-18 Growler
and Royal Australian Air Force.
November 27, 2024
UPM-Kymmene
Corporation (UPM) will close its Kaltenkirchen factory in Germany;
UPM Raflatac has decided to permanently close its Kaltenkirchen
factory in Germany to improve efficiency and productivity. The
closure will be implemented in stages during 2025 with a strong focus
on customers, quality and ensuring competitiveness. The number of
positions affected is 154.
Avance
Gas Holding Ltd (AGAS.OL) Reports Third Quarter Results; AGAS
reports net profit for the third quarter of $25.8 million equal to
EPS of $0.34. Revenues fell 21.2% to $62.59 million but beats
estimates by $16.93 million. AGAS ilmoitti myyneensä kannattavasti
Medium Sized Gas Carrier (MGC) -laivastonsa Exmar LPG:lle. With the
sale of the MGC fleet, we have thus completed the sale of our entire
fleet this year. Following these transactions, Avance Gas is as
liquid as the seven seas, and we have therefore decided to prepay
some of these gains. Hence, we are therefore declaring a quarterly
dividend per share of $3.50 equal to $268 million. As we are not
planning to invest in new ships, we are now preparing a wind-up
process of Avance Gas to ensure we can return the remaining capital
to our shareholders in a quick and cost-efficient manner. Our plan is
to reduce our capital to make the repayment of capital tax efficient
while also distributing the BW LPG shares to our shareholders once
the lock-up period for all shares has elapsed which coincide with our
Q4 reporting in February next year.
Articles that
caught my attention:
Undervalued
Dividend Growth Stock of the Week: Huntington Ingalls Industries
(HII) by Jason Fieber at Daily Trade AlertDon’t
be afraid to take profits, on the Sunday Reads by Dale Roberts at
Cut the Crap Investing10
Best Dividend Aristocrats You’ve Never Heard Of by Bob Ciura at
Sure DividendAn
Important Warning For Dividend Investors After Donald Trump’s Victory
by Samuel Smith at Seeking AlphaTen
Dividend Growth Stocks Raising Dividends by Dividend Growth
InvestorEmerson
Electric Is A Trapped Dividend King by Charles Fournier at
Financial Freedom Is A JourneyEnterprise
Products Partners: Still A Buyable Dividend Aristocrat by Kody’s
Dividends at Seeking AlphaHow
often and how much do stock markets go up? by Mark at My Own
AdvisorThe
Top 10 Dividend Kings You’ve Never Heard Of by Bob Ciura at
Sure DividendDividend
Investing Blinds You [Podcast] by Mike at The Dividend Guy BlogAgilent
Valuation Is Insufficiently Compelling by Charles Fournier at
Financial Freedom Is A JourneyMy
Retirement Dream Team: If I Could Buy Just 5 Dividend Stocks by
Leo Nelissen at Seeking AlphaEarly
Retirement is the Wrong Goal by Craig Stephens at Retire Before
DadSell
Shares To Create Double The Retirement Income With SCHD by Dale
Roberts at Seeking Alpha
Thanks for
stopping by!