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 28, 2022
- € 12.63 – LTC Properties, Inc. (LTC)
March 1, 2022
- € 96.68 – Intel Corporation (INTC)
- € 36.58 – Pinnacle West Capital Corporation (PNW)
- € 7.31 – WEC Energy Group, Inc. (WEC)
- € 9.24 – ConocoPhillips (COP)
- € 31.44 – Lazard Ltd (LAZ)
- € 19.87 – Aflac Incorporated (AFL)
- € 2.48 – Visa Inc. (V)
- € 22.77 – Archer-Daniels-Midland Company (ADM)
March 2, 2022
- € 75.27 – Enbridge Inc. (ENB)
- € 40.12 – Fortis Inc. (FTS)
- € 37.70 – Canadian Utilities Limited (CU)
March 4, 2022
- € 66.78 – Pfizer Inc. (PFE)
Week 9: Total net dividends € 458.87.
Dividend income is reported after the deduction of taxes. Check more at my Monthly Dividend sheet.
My Portfolio's Transactions:
March 2, 2022
- I purchased 5 shares of Air Products and Chemicals, Inc. (APD) at $ 230.85 per share plus commission.
At today's exchange rate that purchase 5 shares of APD will increase € 22.09 of my expected annual net dividend income. After this acquisition, APD’s weight of my portfolio is about 0.45% and its share of future annual dividend income is approximately 0.35%.
Portfolio Holdings News:
February 28, 2022
- Chevron Corporation (CVX) Announces Agreement to Acquire Renewable Energy Group; CVX and Renewable Energy Group, Inc. (NASDAQ: REGI) announced today a definitive agreement under which Chevron will acquire the outstanding shares of REG in an all-cash transaction valued at $3.15 billion, or $61.50 per share.
- ONEOK, Inc. (OKE) Reports Fourth Quarter and Full Year 2021 Results; OKE reports GAAP EPS of $0.85, a 23.2% increase from last year but $0.04 below estimates. Management guides for fiscal 2022 13% increase of net income midpoint to $1.69 billion, 7% increase of adjusted EBITDA midpoint to $3.62 billion, Total capital expenditures midpoint of $975 million and GAAP EPS to be in the range of $3.45-$4.07.
- Viatris Inc. (VTRS) Reports Fourth Quarter and Full-Year 2021 Financial Results; VTRS reports a fourth quarter GAAP EPS of -$0.22 which was $0.45 below estimates. Revenue grew by 20.6% to $4.33 billion, but was $10 million below expectations. VTRS announced sale of its biosimilar assets to India's Biocon Biologics for up to $3.335B. VTRS announced that its Board of Directors has authorized a share repurchase program of up to $1 billion. Management expects 2022 total revenue of $17B-$17.5B, FCF of $2.5B-$2.9B.
- W. P. Carey Inc. (WPC) Announces Proposed Merger with CPA®:18; WPC announced that its Board of Directors has unanimously approved entry into a definitive merger agreement pursuant to which Corporate Property Associates 18 – Global Incorporated ("CPA:18") will be acquired by W. P. Carey in a transaction valued at approximately $2.7 billion, including the assumption of debt. The transaction has also been approved by CPA:18's Board of Directors upon the unanimous recommendation of a Special Committee of CPA:18's independent directors.
March 1, 2022
- Neste Corporation (NESTE) to establish a joint venture for production of renewable fuels in the United States with Marathon Petroleum; NESTE has signed definitive agreements for the establishment of a 50/50 joint venture with US-based Marathon Petroleum (Marathon). The joint venture will produce renewable diesel following a conversion project of Marathon's refinery in Martinez, California.
- Neste Corporation (NESTE) has mostly replaced Russian crude; Due to the current situation and the uncertainty in the market, NESTE has mostly replaced Russian crude oil with other crudes, such as North Sea oil.
- Target Corporation (TGT) Reports Fourth Quarter and Full-Year 2021 Earnings; TGT reports Non-GAAP EPS of $3.19, beating estimates by $0.34 and 19.5% growth year-over-year. Revenues grew by 9.4% to $31 billion missing analyst estimates by $380 million. Management expects low- to mid-single digit revenue growth, an operating margin rate of 8 percent or higher, low-single digit growth in operating margin dollars, and high-single digit growth in adjusted earnings per share.
- AbbVie Inc. (ABBV) Acquires Syndesi Therapeutics; ABBV announced it has completed the acquisition of Syndesi Therapeutics SA, which will help to expand AbbVie's neuroscience portfolio. Under the terms of the agreement, AbbVie will pay Syndesi shareholders a $130 million upfront payment with the potential for Syndesi shareholders to receive additional contingent payments of up to $870 million based on the achievement of certain predetermined milestones.
- Kontoor Brands, Inc. (KTB) Reports 2021 Fourth Quarter and Full Year Results; KTB reports Non-GAAP EPS of $0.88, a 28.5% decrease from the prior year but $0.11 higher than expected. Revenue grew 3.1% to $ 681.09 million, $5.35 million below estimates. Management expects Revenue to approximate $2.7 billion and EPS to be in the range of $4.65 to $4.75.
- The Bank of Nova Scotia (BNS) Reports First Quarter Results; BNS reports Non-GAAP EPS of C$2.15, 14.4% growth YoY, beating analyst estimates by C$0.10. Revenues decreased by 0.2% to C$8.05 billion, beating estimates by C$180 million.
March 2, 2022
- General Dynamics Corporation (GD) Increases Dividend; The board of directors of GD declared a regular quarterly dividend of $1.26 per share on the company’s common stock, payable May 6, 2022, to shareholders of record on April 8, 2022. This is the 25th consecutive annual dividend increase authorized by the General Dynamics board, and represents a 5.9% increase over last year’s dividend.
March 3, 2022
- Fortum Corporation (FORTUM) Reports Fourth-quarter and full-year results 2021; FORTUM reports fourth quarter EPS of €0.95, a 121% increase from the prior. Revenue grew 135% to €50,079 million, topping expectations by €12,471 million. The Board of Directors of FORTUM proposes a dividend of €1.14 per share, an increase of 1.79% compared with last year.
- Fortum Corporation (FORTUM) to apply for new operating licence for Loviisa nuclear power plant; FORTUM has decided to apply for new operating licence for both units at the Loviisa nuclear power plant until the end of 2050. Over the course of these years, the plant is expected to generate up to 170 terawatt hours of emission-free electricity. By applying for the extension, Fortum wants to support achieving Finland’s and Europe’s carbon neutrality targets and enable the building of a reliable, competitive and sustainable energy system.
- Emerson Electric Co. (EMR) to Sell Therm-O-Disc Business; EMR announced an agreement to sell its Therm-O-Disc sensing and protection technologies business to an affiliate of One Rock Capital Partners, LLC (“One Rock”). The transaction is expected to close in the second calendar quarter of 2022 subject to regulatory approvals and other customary closing conditions. Financial terms of the transaction is not disclosed.
- Digital Realty Trust, Inc. (DLR) Raises Quarterly Cash Dividend; DLR’s board of directors approved a 5% increase in our quarterly common stock cash dividend to $1.22 per share to common stockholders of record as of the close of business on March 15, 2022. The common stock cash dividend will be paid on March 31, 2022. This marks the 17th consecutive year that DLR have grown its dividend.
- The Toronto-Dominion Bank (TD) Reports First Quarter Results; TD reports Non-GAAP EPS of C$2.08, 13.7% growth YoY, beating analyst estimates by C$0.06. Revenues grew by 4.3% to C$11.28 billion, beating estimates by C$1 billion.
- Algonquin Power & Utilities Corp. (AQN) Announces 2021 Fourth Quarter and Full Year Financial Results; AQN reports fourth quarter Non-GAAP EPS of $0.21, in line with estimates and the same as in the previous year. Revenue grew by 20.8% to $594.8 million, beating estimates by $73.25 million. Management estimates that its adjusted net earnings per share will be within a range of $0.72-$0.77 for the 2022 fiscal year.
March 4, 2022
- Lockheed Martin Corporation (LMT) is awarded a not-to-exceed $869.86M cost-plus-incentive-fee, cost-plus-fixed-fee, cost-plus-award-fee, undefinitized modification (P00062) to a previously awarded contract (N0001919C0010).
March 5, 2022
- Visa Inc. (V) Suspends All Russia Operations; Effective immediately, Visa will work with its clients and partners within Russia to cease all Visa transactions over the coming days. Once complete, all transactions initiated with Visa cards issued in Russia will no longer work outside the country and any Visa cards issued by financial institutions outside of Russia will no longer work within the Russian Federation.
Articles that caught my attention:
- Undervalued Dividend Growth Stock of the Week: Williams-Sonoma (WSM) by Jason Fieber, Mr. Free at 33, at Daily Trade Alert
- Nike: Still Expensive, But Getting Better by Passive Income Pursuit at Seeking Alpha
- What is a Good Dividend Yield? (5 tips to help you decide) by Tom at Dividends Diversify
- Be an owner by Bob at Tawcan
- 10 Dividend Growth Stocks For February 2022 by FerdiS at Seeking Alpha
- AT&T: Reviewing WarnerMedia Spinoff And AT&T's Future Potential by Steven Fiorillo at Seeking Alpha
- Viatris: Perhaps An Overreaction by Trapping Value at Seeking Alpha
- Opportunity: These 5 Dividend Growth Stocks Are Down More Than 20% by Jason Fieber, Mr. Free at 33, at Daily Trade Alert
- 20 Of The Safest Dividend Stocks For Russia/Ukraine Conflict Security by Bob Ciura at Sure Dividend
- Forget Brookfield Infrastructure, Buy ATCO Instead by Samuel Smith at Seeking Alpha
- Kinder Morgan: The Growing 6% Dividend Will Be Fueled By The Demand For Natural Gas by Steven Fiorillo at Seeking Alpha
- Canadian Natural Resources: Biggest Dividend Increase In History, Plenty More Coming by Daniel Thurecht at Seeking Alpha
- General Dynamics (GD) Dividend Stock Analysis by D4L at Dividend Growth Stocks
- How To Earn $100 A Month In Dividends by Graham at Reverse the Crush
- T. Rowe Price: Your Personal Money Printer by Deep Value Ideas at Seeking Alpha
- 5 Safe And Cheap Dividend Stocks To Invest In (March 2022) by Financially Free Investor at Seeking Alpha
- We’re in the golden era of free cash flow for energy producers by Dale Roberts at Cut the Crap Investing
Thanks for stopping by, have a nice next week!
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