Week in Review 22/21

 

 

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:

 

 

June 1, 2021

 

• € 84.65 – Intel Corporation
• € 32.86 – Pinnacle West Capital Corporation
• € 15.07 – Aflac Incorporated
• € 7.87 – ConocoPhillips
• € 6.20 – WEC Energy Group, Inc.
• € 1.95 – Visa Inc.

 

 

June 2, 2021

 

• € 69.86 – Enbridge Inc.
• € 35.84 – Fortis Inc.
• € 35.68 – Canadian Utilities Limited

 

June 4, 2021

 

• € 59.25 – Pfizer Inc.

 

 

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

 

 

My Portfolio's Transactions:

 

 

May 31, 2021

 

 

• I purchased 150 shares of Algonquin Power & Utilities Corp. (AQN) at CA$ 18.54 per share plus commission.

 

At today's exchange rate, that purchase 150 shares of AQN will increase € 62.69 ($ 69.55) of my expected annual net dividend income and will increase my portfolio's projected annual net dividend income to € 16,230.00. My overall cost basis of this position increases from CA$ 11.99 to CA$ 13.56 per share. I totally hold now 650 shares of AQN and my yield on cost is 6.08%. After this acquisition, AQN’s weight of my portfolio is about 1.26% and its share of future annual dividend income is approximately 1.67%.

 

 

Portfolio Holdings News:

 

 

June 1, 2021

 

• Kinder Morgan, Inc. (KMI) to Purchase Stagecoach Gas Services; KMI announced that it has agreed to acquire Stagecoach Gas Services LLC. Stagecoach consists of 4 natural gas storage facilities with a total FERC-certificated working gas capacity of 41 billion cubic feet and 185 miles of natural gas pipelines with multiple interconnects to major interstate natural gas pipelines, including Tennessee Gas Pipeline (TGP), a KMI subsidiary. The transaction requires regulatory approval under Hart-Scott-Rodino, and it is expected to close in the third quarter of 2021.

 

• Eaton Corporation plc (ETN) completes acquisition of Cobham Mission Systems; ETN announced it has completed the acquisition of Cobham Mission Systems. Cobham is a leading manufacturer of air-to-air refueling systems, environmental systems, and actuation, primarily for defense markets. The business has a workforce of approximately 2,000 people and manufacturing facilities in the United States and United Kingdom.

 

• The Bank of Nova Scotia (BNS) reports second quarter results; BNS reports second quarter GAAP EPS of C$1.88, a 88% increase from last year and C$0.16 ahead of estimates. Revenue decreases 2.8% to C$7.74 billion, C$120 million lower than expected.

 

• Pembina Pipeline to buy Inter Pipeline (IPL) in C$8.3B all-stock deal; Pembina Pipeline Corporation (TSX: PPL) (NYSE: PBA) and Inter Pipeline Ltd. (TSX: IPL) announced that they have entered into an arrangement agreement for Pembina to acquire all of the issued and outstanding shares of Inter Pipeline in a share-for-share transaction, which values Inter Pipeline common shares at approximately $8.3 billion, or $19.45 per share, based on the closing price of Pembina’s common shares on May 31, 2021.

 

June 2, 2021

 

• Walgreens Boots Alliance, Inc. (WBA) Completes Strategic Transaction with AmerisourceBergen Divesting Alliance Healthcare Businesses; WBA announced it has completed the sale of its Alliance Healthcare businesses to AmerisourceBergen for total consideration of approximately $6.5 billion, made up of $6.275 billion in cash and 2 million shares of AmerisourceBergen common stock. The company will use the cash proceeds to reduce debt and accelerate growth of its core retail pharmacy and healthcare businesses.

 

June 4, 2021

 

• Fortum Corporation (FORTUM) to increase its wind capacity in Russia; The Fortum-Rusnano wind investment fund has made an investment decision on the construction of wind power parks with a total capacity of 236.6 MW in the Samara region in Russia.

 

• Brookfield Infrastructure Partners L.P. (BIP), (BIPC) Responds to Inter Pipeline Press Release; BIP Files Notice of Variation, Change and Extension of the Terms of the Offer to Purchase Inter Pipeline Ltd. for Aggregate Consideration of C$19.75 per Share.

 

 

Articles that caught my attention:

 

 

• Undervalued Dividend Growth Stock of the Week: Sempra Energy (SRE) by Jason Fieber, Mr. Free at 33, at Daily Trade Alert
• How I built my dividend portfolio by Mark at My Own Advisor
• Dividend Growth Stock of the Week: Lowe’s Companies by Justin Law at Wide Moat Research
• Monthly Review Of DivGro: May 2021 by FerdiS at DivGro
• Bristol-Myers Squibb: Investment Case Getting Better And Better - A Great Time To Buy by Edmund Ingham at Seeking Alpha
• AT&T: My Thoughts On The Discovery Deal And Dividend Cut by Nicholas Ward at Seeking Alpha
• The Inter Pipeline Pembina Marriage by Trapping Value at Seeking Alpha
• Church & Dwight (CHD) – A Dividend Aristocrat by Dividend Power
• Are share buybacks good for dividend investors? by European Dividend Growth Investor
• How to Build a Recession-Proof Portfolio with Dividend Growth Stocks [Podcast] by The Dividend Guy
• How Much Is IBM Worth? by High Yield Investor at Seeking Alpha
• Why You Should Use Dividend Yield As A Valuation Tool For Stocks by Dividend Growth Investing & Retirement
• Hasbro, Inc. (HAS) Dividend Stock Analysis by D4L at Dividend Growth Stocks
• Dividend Investing Tips: 9 Must-Know Tips For Dividend Investors by Reverse The Crush
• 5 Safe And Cheap Dividend Stocks To Invest In (June 2021) by Financially Free Investor at Seeking Alpha
• Yes, You Can Retire On Dividends by Rida Morwa at Seeking Alpha

 

 

Thanks for stopping by, have a nice next week!

 

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