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 20, 2021
- € 16.01 – Dominion Energy, Inc. (D)
- € 26.46 – V.F. Corporation (VFC)
- € 2.79 – Kontoor Brands, Inc. (KTB)
- € 37.48 – Manulife Financial Corporation (MFC)
September 23, 2021
- € 10.79 – QUALCOMM Incorporated (QCOM)
September 24, 2021
- € 32.95 – Lockheed Martin Corporation (LMT)
Dividend income is reported after the deduction of taxes. Check more at my Monthly Dividend sheet.
Portfolio Holdings News:
September 20, 2021
- Fortum Corporation (FORTUM) concludes the sale of its 50% stake in Stockholm Exergi; FORTUM concluded the sale of its 50% ownership in the Swedish district heating and cooling company Stockholm Exergi Holding AB (publ) to a consortium of European institutional investors of APG, Alecta, PGGM, Keva, and AXA. The signing of the transaction was announced on 30 June 2021. The total consideration of the sale amounts to SEK 29.5 billion.
- ConocoPhillips (COP) Announces All-Cash Permian Asset Acquisition; Increases Ordinary Dividend; Improves 2030 Emissions Intensity Reduction Target; COP announced acquisition of Shell Enterprises LLC’s prolific Delaware basin position for $9.5 billion in cash. COP increase in the company’s quarterly ordinary dividend from 43 cents per share to 46 cents per share, representing a ~7% increase and a current dividend yield of 3%. The dividend is payable on Dec. 1, 2021, to stockholders of record at the close of business on Oct. 28, 2021.
- EDP Renewables and TC Energy Corporation (TRP) Execute Long-Term Agreement to Add a 297-Megawatt Wind Farm to Alberta; EDP Renewables SA (EDPR), through its fully owned subsidiary EDP Renewables Canada Ltd. (EDPR Canada), and TRP have executed a 15-year power purchase agreement (PPA) for 100 percent of the output of the 297-megawatt (MW) Sharp Hills Wind Farm, located in the Special Areas municipality near the hamlets of Sedalia and New Bridgen, in the province of Alberta. The PPA will enable the continued development and eventual construction and operations of the wind farm, subject to customary regulatory approvals and conditions.
September 21, 2021
- Fortum Corporation (FORTUM) Rusnano wind investment fund wins in Russian wind auction; The Fortum-Rusnano wind investment fund (50/50 joint venture) has participated in the latest Russian renewables’ auction. The fund was awarded annual CSA (Capacity Supply Agreement) remuneration in the range of RUB 16.9–23.8 billion for new wind power generation. This corresponds to wind capacity of approximately 430–530 MW per annum (a total of 1.3–1.6 GW); to be commissioned during the years 2025–2027.
- Duke Energy Corporation (DUK) Sustainable Solutions announces its first wind energy project in Iowa; Duke Energy Sustainable Solutions,* a nonregulated commercial brand DUK, announced the construction of the 207-megawatt (MW) Ledyard Windpower project in Kossuth County, Iowa. This will be the company’s first renewable energy project in the state.
- Walgreens Boots Alliance, Inc. (WBA) Makes Majority Investment in Shields Health Solutions; WBA, through its wholly-owned subsidiary, Walgreen Co., is making a majority investment in Shields, an industry leader in integrated, health system-owned specialty pharmacy care. The approximately $970 million investment will support the continued growth of Shields’ health system-based specialty pharmacy strategy, and builds on a minority equity investment that WBA announced in July 2019.
- Main Street Capital Corporation (MAIN) Announces Exits of Portfolio Investments; MAIN fully exited its debt and equity investments in NRI Clinical Research, LLC ("NRI") upon the sale of NRI to a sponsor-backed strategic acquirer. MAIN also announced that it recently fully exited its remaining investment in Safety Holdings, Inc.
- Realty Income Corporation (O) Announces Expansion Into Continental Europe; O announced that the company has closed on a €93 million sale-leaseback transaction in Spain, consisting of seven properties under long-term net lease agreements with Carrefour and its real estate subsidiary Carrefour Property. This transaction represents Realty Income's debut real estate acquisition in Continental Europe.
September 22, 2021
- General Mills, Inc. (GIS) Reports Fiscal 2022 First-Quarter Results; GIS reports diluted earnings per share $1.02, down 1 percent from the prior year, but beating analyst estimates by $0.15. Revenues increased by 4.1% to $4.54 billion, beating estimates by $240 million.
September 23, 2021
- The Kraft Heinz Company (KHC) Enters Into Agreement to Acquire Hemmer; KHC announced that it has entered into an agreement to acquire Companhia Hemmer Indústria e Comércio (“Hemmer”), a Brazilian company focused on condiments and sauces.
- McDonald's Corporation (MCD) Raises Quarterly Cash Dividend; MCD’s Board of Directors declared a quarterly cash dividend of $1.38 per share of common stock payable on December 15, 2021 to shareholders of record at the close of business on December 1, 2021. This represents a 7% increase over the Company's previous quarterly dividend and brings the fourth quarter dividend payout to over $1 billion.
- Lockheed Martin Corporation (LMT) Increases Quarterly Dividend And Share Repurchase Authority: LMT board of directors has authorized an increase in its quarterly dividend. The board declared a fourth quarter 2021 dividend of $2.80 per share, representing an increase of $0.20 per share over last quarter. The dividend is payable on Dec. 27, 2021, to holders of record as of the close of business on Dec. 1, 2021. Additionally, the company's board has authorized the purchase of up to an additional $5 billion of Lockheed Martin common stock under its share repurchase program.
September 24, 2021
Articles that caught my attention:
- Undervalued Dividend Growth Stock of the Week: Cummins (CMI) by Jason Fieber, Mr. Free at 33, at Daily Trade Alert
- Dividend Income Retirement — Retirement By Living Off Dividends by Graham at Reverse the Crush
- Air Products And Chemicals Is An Attractive Dividend Stock by Leo Nelissen at Seeking Alpha
- Lockheed Martin: Why I'm Buying This Beaten Down Blue Chip Industrial Stock by Nicholas Ward at Seeking Alpha
- Changing your mind by Dividend Growth Investor
- Lockheed Martin: An Undervalued Dividend Stock to Buy?! by Bert at Dividend Diplomats
- Here’s What I’ll Do If The Stock Market Crashes by Jason Fieber, Mr. Free at 33, at Daily Trade Alert
- 3M: Time To Take A Nibble by Dividend Power at Seeking Alpha
- How To Calculate Expected Total Return for Any Stock by Ben Reynolds at Sure Dividend
- National Retail Properties, Inc. (NNN) Dividend Stock Analysis by D4L at Dividend Growth Stocks
- The Dividend Aristocrats Ranked By Quality Scores by FerdiS at Seeking Alpha
- Better Credit Card Stock: Visa vs MasterCard? by Dividend Power
- Sell Those Six Stocks Now [Podcast] by DivGuy at The Dividend Guy Blog
- Exxon Mobil Has Never Been So Cheap by Portfolio Navigator at Seeking Alpha
- Dividend Aristocrats: 5 Buys And 5 Sells by Jonathan Weber at Seeking Alpha
Thanks for stopping by, have a nice next week!
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