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 23, 2022
- € 11.64 – WestRock Company (WRK)
February 24, 2022
- € 74.99 – Royal Bank of Canada (RY)
February 25, 2022
- € 12.85 – Starbucks Corporation (SBUX)
Week 8: Total net dividends € 99.48
Dividend income is reported after the deduction of taxes. Check more at my Monthly Dividend sheet.
My Portfolio's Transactions:
February 22, 2022
- I opened a new position and purchased 30 shares of NextEra Energy Inc. (NEE) at $ 73.61 per share plus commission.
At today's exchange rate, that purchase 30 shares of NEE will increase € 33.70 ($ 38.00) of my expected annual net dividend income and will increase my portfolio's projected annual net dividend income to € 18,530.00. With purchase price $ 73.61 plus commission ($ 5.67) my starting yield on cost is 2.30%. After this acquisition, NEE’s weight of my portfolio is about 0.30% and its share of future annual dividend income is approximately 0.18%.
Portfolio Holdings News:
February 22, 2022
- Bonava (AB) BONAVA acquires 270 building rights in Västerås; BONAVA has signed an agreement with Bostads AB Mimer to acquire approximately 270 building rights in Västerås. The transaction amounts to SEK 133 million. The transfer of ownership of the property and production of the first condominiums is expected to take place in 2024.
- The Home Depot, Inc. (HD) Announces Fourth Quarter and Fiscal 2021 Results; HD reports Non-GAAP EPS of $3.21, a 21.1% increase from last year and $0.03 above estimates. Revenues grew by 10.7% to $35.72 billion beating estimates by $870 million. HD announced that its board of directors approved a 15 percent increase in its quarterly dividend to $1.90 per share. Management guides for fiscal 2022 sales growth and comparable sales growth to be slightly positive, diluted earnings-per-share-growth to be low single digits.
- Realty Income Corporation (O) Announces Operating Results For The Three Months And Year Ended December 31, 2021; O reports FFO of $0.89, a 7.2% increase from last year and $0.01 above estimates. Revenues grew by 64% to $685 million topping expectations by $8.48 million. Management guides normalized FFO per share $3.88 to $4.05.
February 23, 2022
- Avista Corporation (AVA) Reports Financial Results for Fourth Quarter and Fiscal Year 2021; AVA reports GAAP EPS of $0.71, a 16.5% decrease from the prior year but $0.04 above estimates. Revenues grew 13.7% to $418.83 million which was $12.35 million below estimates. Management guides earnings with ranges of $1.93 to $2.13 per diluted share in 2022, and $2.42 to $2.62 per diluted share in 2023.
- Eaton Corporation plc (ETN) Increases Quarterly Dividend; The Board of Directors of power management company ETN declared a quarterly dividend of $0.81 per ordinary share, an increase of 7% over its last quarterly dividend. The dividend is payable March 31, 2022, to shareholders of record at the close of business on March 11, 2022.
February 24, 2022
- Edison International (EIX) Reports Fourth Quarter and Full-Year 2021 Results; EIX reports Non-GAAP EPS of $1.16, a decrease of 2.5% but $0.11 higher than expected. Revenue grew 5.5 % to $3.33 billion, which was $100 million more than expected. Management announces 2022 EPS guidance of $4.40–4.70 and reiterates long-term EPS growth rate target of 5–7%.
- Kimberly-Clark Corporation (KMB) Acquires Majority Interest in Thinx; KMB announced that it has completed its acquisition of a majority stake in Thinx, Inc., an industry disruptor and the leader in reusable period and incontinence underwear category. The company made an initial minority investment in Thinx in 2019.
- General Dynamics Corporation (GD) was awarded a $108.15M cost-plus-fixed-fee and cost-plus-incentive-fee modification to previously awarded contract N00024-20-C-4312 for Smart Start maintenance, repair, and modernization efforts in support of the USS Hartford (SSN 768) engineered overhaul.
- Main Street Capital Corporation (MAIN) Announces 2021 Fourth Quarter and Annual Results; MAIN reports Non-GAAP EPS of $0.77, a 22% increase from the prior year and $0.12 above estimates. Revenue grew 31.5% to $82.17 million, topping expectations by $9.7 million.
- Royal Bank of Canada (RY) Reports First Quarter 2022 Results; RY reports GAAP EPS of C$2.84, an improvement of 7% from the last year and C$0.14 above estimates. Revenue grew 1.0% to C$13.07 billion and was C$1.07 billion higher than expected
- Canadian Utilities Limited (CU) Announces Fourth Quarter and Fiscal 2021 Results; CU reports Non-GAAP EPS of C$2.17, 10.7% growth compared to the prior year. Revenue grew 9.0% to C$3.52 billion.
February 25, 2022
- Pinnacle West Capital Corporation (PNW) Reports 2021 Full-Year and Fourth-Quarter Results; PNW reports GAAP EPS of $0.24, compared with a net loss of $0.17 per share for the same period in 2020 and $0.21 higher than expected. Revenue grew 7.8% to $798.86 million, which was $139.18 million more than expected. Management expects its 2022 full-year ongoing consolidated earnings will be within a range of $3.90 to $4.10 per diluted share.
- Canadian Imperial Bank of Commerce (CM) Announces First Quarter 2022 Results; CM reports Non-GAAP EPS of C$4.08, a 14.0% increase from the prior year and C$0.40 above estimates. Revenue grew 10.9% to C$5.5 billion, topping expectations by C$250M million.
Articles that caught my attention:
- Undervalued Dividend Growth Stock of the Week: BlackRock (BLK) by Jason Fieber, Mr. Free at 33, at Daily Trade Alert
- Why Do Companies Increase Dividends? (7 reasons) by Tom at Dividends Diversify
- What To Do When Stock Markets Crash — 9 Timeless Tips by Graham at Reverse the Crush
- Air Products & Chemicals: A Dividend SWAN With Significant Upside Potential by Justin Purohit at Seeking Alpha
- Manulife Financial Corp by SPBrunner at Investment Talk
- 35 Dividend Aristocrats For Further Research by Dividend Growth Investor
- Is Dividend Investing for Young Investors? [Podcast] by DivGuy at The Dividend Guy Blog
- Buy Humana Today And You'll Thank Me Tomorrow by Dividend Sensei at Seeking Alpha
- Ecolab: An Overvalued Dividend Aristocrat by Dividend Power
- Becton, Dickinson and Co. (BDX) Dividend Stock Analysis by D4L at Dividend Growth Stocks
- Dividend Kings In Focus: PepsiCo by Bob Ciura at Sure Dividend
- BlackRock: Why You Should Buy This Unstoppable AssetManager Now by Kody's Dividends at Seeking Alpha
Thanks for stopping by, have a nice next week!
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