Sunday, October 19, 2014

Week in Review 42/14

Welcome and thanks for reading! In this review, I will gather together important and interesting news and events over the last week related to my portfolio holdings. In my week review, I put also together some interesting articles from other websites that caught my attention during the past week. 

Dividends from My Portfolio Holdings:

  • On October 13 I received a dividend of € 50.03 from Philip Morris International Inc.
  • On October 16 I received a dividend of € 15.74 from American Realty Capital Properties Inc.

Dividend income reported after the deduction of taxes. I have also updated my Monthly Dividend sheet. 

News from My Portfolio Holdings:

Intel Corporation: October 14, 2014 Third Quarter Result (More here)

  • Third-Quarter revenue of $14.6 billion, up $1.1 billion or 8 percent year-over-year
  • Record quarterly unit shipments of PCs, servers, tablets, phones and Internet of Things, the first time Intel has shipped more than 100 million microprocessors in a quarter
  • Operating income of $4.5 billion, up 30 percent year-over-year
  • Completed $4.2 billion share repurchase 

NCC: October 15, 2014

  • NCC has been commissioned to construct a new tunnel along the E134 highway between Gvammen and Århus in Telemark, Norway. The construction period will be four and a half years and the contract is worth SEK 1,140 million. (More here)

Kinder Morgan, Inc: October 15, 2014 Third Quarter Result (More here)

  • Third quarter cash available to pay dividends of $435 million, up from $424 million for the same period a year ago.
  • For the first nine months of the year, the company reported cash available to pay dividends of $1.340 billion, up 9 percent from $1.231 billion for the same period in 2013.
  • Announced an increase in the quarterly cash dividend to $0.44 per share ($1.76 annualized), up 7 percent from $0.41 per share ($1.64 annualized) for the same period last year.
  • KMI will have a projected dividend of $2.00 per share for 2015, a 16 percent increase over the budgeted 2014 KMI dividend target of $1.72 per share.    

Neste Oil Corporation: October 16, 2014

  • Neste Oil's biopropane will be sold to SHV Energy (More here)

Philip Morris International Inc. October 16, 2014 Third Quarter Result (More here)

  • Reported diluted earnings per share of $1.38, down by $0.06 or 4.2% versus $1.44 in 2013
  • Adjusted diluted earnings per share of $1.39, down by $0.05 or 3.5% versus $1.44 in 2013
  • Cigarette shipment volume of 222.3 billion units, down by 0.4% excluding acquisitions
  • Reported net revenues, excluding excise taxes, of $7.9 billion, down by 0.9%
  • Reported operating companies income of $3.5 billion, down by 5.5%
  • Adjusted operating companies income, reflecting the items detailed in the attached Schedule 11, of $3.4 billion, down by 5.8%
  • Reported operating income of $3.3 billion, down by 7.1%
  • Increased the regular quarterly dividend by 6.4% to an annualized rate of $4.00 per common share
  • Repurchased 8.9 million shares of the company's common stock for $750 million

TeliaSonera: October 17, 2014 Interim Report January–September 2014 (More here)

  • Net sales in local currencies, excluding acquisitions and disposals, decreased 2.0 percent. In reported currency, net sales increased 0.2 percent to SEK 25,464 million (25,416). Service revenues in local currencies, excluding acquisitions and disposals, decreased 0.6 percent.
  • EBITDA, excluding non-recurring items, decreased 0.9 percent in local currencies, excluding acquisitions and disposals. In reported currency, EBITDA, excluding non-recurring items, increased 0.2 percent to SEK 9,439 million (9,419). The EBITDA margin, excluding non-recurring items, was stable at 37.1 percent (37.1).
  • Operating income, excluding non-recurring items, decreased 5.9 percent to SEK 7,266 million (7,721).
  • Net income attributable to owners of the parent company decreased 12.2 percent to SEK 4,073 million (4,641) and earnings per share to SEK 0.94 (1.07).
  • Free cash flow decreased to SEK 6,387 million (7,308) due to higher cash CAPEX.
  • Group outlook for 2014 is unchanged.

General Electric Company: October 17, 2014 Third Quarter Result (More here)

  • 3Q operating EPS $0.38, +6%
  • 3Q Industrial segment profit +9%, YTD +10%
  • 3Q Industrial segment organic revenues +4%, YTD +5%
  • 3Q margins +90 bps, YTD +50 bps
  • 3Q orders +22%, Growth market orders +34%, U.S. orders +25%
  • Cash generation of $7.2 billion year-to-date, $3.8 billion generated in 3Q
  • GE Capital ENI (excluding cash and equivalents) at $365 billion, down 5% vs. year-ago

Articles that caught my attention:

I wish all readers a nice next week.  


  1. Thanks for the week review and congratulations for your dividend income.

    I'm waiting for my big dividend income in November to add PM shares to my portfolio.

    Best regards,

    1. Hi Divindependencia

      PM is a good dividend share, that will probably be able to pay increasing dividends year after year.

      Thanks for stopping by!

  2. Thanks for including my post Hawk. May the sell off resume this week. Have a great Sunday!

    1. Hi Bryan

      Yeah, hopefully the sell off will continue at least one month more!

      Great Sunday for you too!

  3. Nice roundup. When do you think INTC will begin to raise the dividend again ?

    1. Hi mugshot

      A very good question! I am looking forward to it now for about a year, time will tell if I have the patience to wait for yet another year.

      Thanks for stopping by!

  4. Thanks for the inclusion, DH. Have a great weekend

  5. Great summaries you provided! Thanks! I really wish I could pull the trigger on GE soon, but I missed this last dip and it rallied Friday. I'm hoping for some more market drama these next two weeks!

  6. Thanks so much for including my post! I hope Sunday is treating you well :)

  7. What is your view on Sampo currently? I am thinking about opening a position. Numbers lok good

    1. Hi

      I think Sampo is a great company, a couple of years ago, when the price was around 17 €, I almost picked it up.

      Thanks for stopping by!

    2. Yes, 17 €.... That was an attraktive level