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:
February 7, 2022
- € 7.56 – Texas Instruments Incorporated (TXN)
February 11, 2022
- € 39.02 – Global X SuperDividend ETF (SDIV)
Week 6: Total net dividends € 46.58
Dividend income is reported after the deduction of taxes. Check more at my Monthly Dividend sheet.
Portfolio Holdings News:
February 7, 2022
- Kinder Morgan, Inc. (KMI) Announces Southern California Renewable Diesel Hub Project; KMI today announced the receipt of the necessary commercial commitments to move forward with the permitting and construction of a renewable diesel hub in Southern California.
- Amgen Inc. (AMGN) Reports Fourth Quarter and Full Year 2021 Results; AMGN reports fourth quarter Non-GAAP EPS of $4.36, 26% growth compared to the prior year and $0.35 higher than expected. Revenue grew 3.3% to $6.85 billion, which was $20 million below estimates.
- General Dynamics Corporation’s (GD) Mission Systems Awarded $229 Million U.S. Army Contract; GD announced that it was awarded to Build Next Generation Cryptographic Key Loader.
February 8, 2022
- NCC AB (NCC) to construct 141 tenant-owner apartments for HSB Gothenburg; In collaboration with HSB Gothenburg, NCC will construct 141 tenant-owner apartments in Gothenburg. The apartments represent the final phase in the new Fixfabiken residential area that is being developed in western Gothenburg. The order value is approximately SEK 365 million.
- Pfizer Inc. (PFE) Reports Fourth-Quarter and Full-Year 2021 Results; PFE reports Non-GAAP EPS of $1.08, an increase of 152% year-over-year. Revenues increased by 104.1% to $23.84 billion, which was $360 million below estimates. Management guides revenues of $98.0 to $102.0 billion and adjusted diluted EPS of $6.35 to $6.55.
- 3M Company (MMM) Increases Dividend for the 64th Consecutive Year; MMM declared a dividend on the company's common stock of $1.49 per share for the first quarter of 2022. The dividend is payable March 12, 2022, to shareholders of record at the close of business on Feb. 18, 2022. This represents an 0.68% increase over the previous quarterly dividend rate.
- T. Rowe Price Group, Inc. (TROW) Increases Quarterly Dividend; TROW’ s Board of Directors has declared a quarterly dividend of $1.20 per share payable March 30, 2022, to stockholders of record as of the close of business on March 15, 2022. The quarterly dividend rate represents an 11.1% increase over the previous quarterly dividend rate of $1.08 per share.
February 9, 2022
- Sampo plc (SAMPO) Reports Full-Year 2021 Results; SAMPO reports fourth quarter comparable EPS of € 0.55, a 15.4% decrease from the prior year. Profit before taxes rose to EUR 1 197 million from EUR -675 million in the comparison period, while analysts expected an average result of EUR 998 million. SAMPO's Board of Directors proposes a dividend of € 4.10, which includes the previously announced €2.00 additional dividend.
- Bristol-Myers Squibb Company (BMY) Enters Aggregate Accelerated Share Repurchase Agreements; BMY announced that it has entered into accelerated share repurchase to repurchase $5 billion of Bristol Myers Squibb common stock.
- CVS Health Corporation (CVS) Reports Fourth Quarter and Full-Year 2021 Results; CVS reports Non-GAAP EPS of $1.98, a 52.3% increase from last year and $0.10 above estimates. Revenues also grew by 10.1% to $76.6 billion beating estimates by $1.13 billion. Management expects adjusted EPS guidance range of $8.10 to $8.30.
- Lockheed Martin Corporation (LMT) is awarded a not-to-exceed $315.81M fixed-price incentive modification (P00015) to a previously awarded contract (N0001920C0032).
- Manulife Financial Corporation (MFC) Reports 2021 Results; MFC reports Non-GAAP EPS of $0.84, a 13.5% improvement from the prior. Net income attributed to shareholders of $2.1 billion in 4Q21, up $304 million from the fourth quarter of 2020. Quarterly common share dividend increased by 18% in 4Q21.
February 10, 2022
- Neste Corporation (NESTE) Reports Full-Year 2021 Results; NESTE reports fourth quarter comparable EPS of € 0.49, an 11.4% increase from the prior year and € 0.09 better than expected. Revenue grew 64.1% to EUR 4.968 million, which was EUR 668 million ahead of estimates. NESTE's Board of Directors proposes a dividend of € 0.82, 2.5% increase from the prior year.
- ORION Corporation (ORNBV) Reports Full-Year 2021 Results; ORNBV reports fourth quarter EPS of € 0.23, a 28.7% increase from the prior year. Revenue grew 8.24% to EUR 277 million, which was EUR 11 million ahead of estimates. ORNBV's Board of Directors proposes a dividend of € 1.50, which is the same as in the previous year.
- Unilever PLC (UNA) Reports Full-Year 2021 Results; UNA reports fourth quarter Non-GAAP EPS of €2.62, a 5.5% increase from the prior year. Revenue grew 3.4% to €52.44 billion. Management expects underlying sales growth in 2022 to be in the range of 4.5% to 6.5%.
- Duke Energy Corporation (DUK) Reports Fourth-Quarter and Full-Year 2021 Results; DUK reports Non-GAAP EPS of $0.94, a decrease of 8.74% from last year and misses estimates by $0.03. Quarterly revenue grew by 8% to $6.24 billion, but was $570 million below expectations. Management expects 2022 adjusted EPS guidance range of $5.30 to $5.60.
- Philip Morris International Inc. (PM) Reports 2021 Fourth-Quarter & Full-Year Results; PM reports Non-GAAP EPS of $1.35, beating estimates by $0.02 and 7.1% growth year-over-year. Revenues grew by 8.9% to $8.1 billion beating analyst estimates by $350 million. Management expects adjusted EPS of $6.57 to $6.75 for FY2022.
- The Coca-Cola Company (KO) Reports Fourth Quarter and Full-Year 2021 Results; KO reports Non-GAAP EPS of $0.45, a 5% decrease from the prior year, but beating analyst estimates by $0.04. Revenues grew by 10.5% to $9.5 billion beating estimates by $570 million. Management expects to deliver organic revenue (non-GAAP) growth of 7% to 8% and comparable EPS (non-GAAP) growth of 5% to 6%, versus $2.32 in 2021.
- PepsiCo, Inc. (PEP) Reports Fourth Quarter and Full-Year 2021 Results; PEP reports Non-GAAP EPS of $1.53, a 4% increase from the prior year and $0.01 above estimates. Revenues grew 12.4% to $25.25 billion topping expectations by $1.01 billion. The company also announced a 7% increase in its annualized dividend to $4.60 per share from $4.30 per share, effective with the dividend expected to be paid in June 2022.
- Flowers Foods, Inc. (FLO) Reports Fourth Quarter and Full Year 2021 Results; FLO reports Non-GAAP EPS of $0.20, compared to $0.28 and $0.02 below estimates. Revenues decreased by 3.6% to $983.49 million, missing estimates by $7.63 million. Management expects FY2022 sales approximately $4.660B to $4.69B, representing an increase of approximately 7.6% to 8.4%; and adjusted EPS in the range of approximately $1.25 to $1.35.
- Lockheed Martin Corporation (LMT) was awarded a $138.92M cost-plus-fixed-fee other transaction agreement for federation, testing and user operational assessments of the Spike non-line-of-sight missile system.
- T. Rowe Price Group, Inc. (TROW) Reports Preliminary Month-End Assets Under Management for January 2022; TROW reported preliminary AUM of $1.58T as of Jan.31, 2022 compared to $1.69T reported as of Dec.31, 2021
- Lazard Ltd (LAZ) Reports January 2022 Assets Under Management; LAZ reports that its preliminary assets under management (“AUM”) as of January 31, 2022 totaled approximately $258.7 billion. The month’s AUM included market depreciation of $9.5 billion, net outflows of $4.1 billion and foreign exchange depreciation of $1.5 billion.
- TELUS Corporation (TU) Reports Results for Fourth Quarter 2021; T reports Non-GAAP EPS of C$0.23, a 4.5% increase from the prior year and C$ 0.03 better than expected. Revenues grew by 20% to C$4.87 billion.
February 11, 2022
- NCC AB (NCC) to construct another house by the water in Hellerup for Danica; NCC has been commissioned by Danica to construct a third house in Tuborg Strandeng, Hellerup, Denmark. The project is named Kysthus III and will contain 38 apartments and is a continuation of Kysthus I and Kysthus II which the parties previously built together in the same area. The order value amounts approximately SEK 540 million.
- Dominion Energy (D) Announces Fourth-Quarter and Full-Year 2021 Earnings; D reports Non-GAAP EPS of $0.90, compared to $0.81, missing analyst estimates by $0.01. Revenues increases by 10.2% to $3.88 billion, missing estimates by $160 million. The company expects 2022 operating earnings in the range of $3.95 to $4.25 per share.
- Dominion Energy, Inc. (D) Agrees to Sell West Virginia Natural Gas Distribution Company; D announced that it has executed a definitive agreement to sell its West Virginia natural gas utility – Hope Gas, Inc. (Dominion Energy West Virginia or DEWV) – to Ullico Inc.'s infrastructure fund for $690 million. The transaction is expected to close late this year.
- General Dynamics Corporation (GD) Awarded $829 Million Global IT Services Task Order by Defense Intelligence Agency; GD announced it was awarded the Customer Care Center (CCC) task order on the Solutions for the Information Technology Enterprise (SITE) III contract. The task order, valued at $829 million over 10 years, was awarded in November by the Defense Intelligence Agency (DIA) Virginia Contracting Activity.
- W. P. Carey Inc. (WPC) Announces Fourth Quarter and Full Year 2021 Financial Results; WPC reports FFO of $1.30 compared to $1.20, beating analyst estimates by $0.10. Revenues grew by 22% to $374.88 million and beat estimates by $44.09 million. Management expects 2022 AFFO guidance range of between $5.18 and $5.30 per diluted share.
- Magna International Inc. (MGA) Announces Fourth Quarter 2021 Results; MGA reports Non-GAAP EPS of $1.30 beats estimates by $0.43 but 54% decrease from the prior year. Revenues decline by 13.9% to $9.1 billion, but was $180 million higher than expected. Management expects FY2022 Sales outlook of $38.8B - $40.4B.
- Enbridge Inc. (ENB) Reports 2021 Financial Results; ENB reports Non-GAAP EPS of C$0.68 missing estimates by C$0.08, but 21.4% increase from the prior year. Distributable cash flow of $10.0 billion or $4.96 per common share, compared with $9.4 billion or $4.67 per common share in 2020.
- Fortis Inc. (FTS) Reports 2021 Financial Results; FTS reports Non-GAAP EPS of $0.63, beating estimates by C$0.07. Management is targeting average annual dividend growth of approximately 6% through 2025.
Articles that caught my attention:
- Undervalued Dividend Growth Stock of the Week: Starbucks (SBUX) by Jason Fieber, Mr. Free at 33, at Daily Trade Alert
- Are Dividends Better than Capital Gains? (Only in 2 Cases) by Tom at Dividends Diversify
- Dividend Aristocrats In Focus: Medtronic by Prakash Kolli at Sure Dividend
- Exxon Mobil: Massive Shareholder Returns Await by Jonathan Weber at Seeking Alpha
- My, Oh My, 14 Strong Correction Blue-Chip Buys by Dividend Sensei at Seeking Alpha
- Nineteen Dividend Growth Stocks For Further Research by Dividend Growth Investor
- Dividend Income from YOU the Bloggers – December 2021 by Lanny and Bert, the Dividend Diplomats, at Dividend Diplomats
- Canadian National Railway by SPBrunner at Investment Talk
- 5 Most Undervalued Dividend Aristocrats Today by Rick Orford at Sure Dividend
- Verizon Is A High-Yielding Cash Flow Cow; Though Watch Its Debt by Valuentum at Seeking Alpha
- Reinvest Stock Dividends — 4 Ways To Reinvest Dividends by Graham at Reverse the Crush
- UPS is Unattractively Valued by Dividend Power
- Stock markets have you spooked? Here’s the answer by Dale Roberts at Cut the Crap Investing
- Texas Instruments (TXN) Dividend Stock Analysis by Dividend Growth Investor
- Wal-Mart Stores, Inc. (WMT) Dividend Stock Analysis by D4L at Dividend Growth Stocks
- Prudential Financial: This Income Stock Is A No-Brainer Buy by Kody's Dividends at Seeking Alpha
- I Sold Disney (DIS) and Bought This Stock Instead by Jason Fieber, Mr. Free at 33, at Daily Trade Alert
- 2 Stocks I’m Watching in February | Dividend Stocks to Buy by Bert at Dividend Diplomats
Thanks for stopping by, have a nice next week!
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