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:
April 19, 2022
- € 6.22 – ConocoPhillips (COP)
- € 23.69 – Cardinal Health, Inc. (CAH)
- € 18.06 – Nutrien Ltd. (NTR)
- € 19.30 – Main Street Capital (MAIN)
- € 14.51 – STORE Capital Corporation (STOR)
- € 21.32 – Realty Income Corporation (O)
- € 0.83 – Orion Office REIT Inc. (ONL)
- € 57.93 – BCE Inc. (BCE)
- € 76.58 – Algonquin Power & Utilities Corp. (AQN)
April 20, 2022
- € 80.46 – Kesko Corporation (KESKO)
Week 16: Total net dividends € 318.90.
Dividend income is reported after the deduction of taxes. Check more at my Monthly Dividend sheet.
My Portfolio's Transactions:
April 22, 2022
- I purchased 5 shares of T. Rowe Price Group, Inc. (TROW) at $ 137.45 per share plus commission
At today's exchange rate that purchase 5 shares of TROW will increase € 16.53 of my expected annual net dividend income. After this acquisition, TROW’s weight of my portfolio is about 0.45% and its share of future annual dividend income is approximately 1.09%.
Portfolio Holdings News:
April 18, 2022
- Johnson & Johnson (JNJ) Statement on West Virginia Opioid Settlement Agreement; JNJ agreed to pay $99M to settle opioid-related claims by the State of West Virginia and its participating subdivisions.
April 19, 2022
- Kesko Corporation’s (KESKO) sales grew in March; KESKO 's sales totalled €1,085.8 million in March 2022, representing an increase of 6.1% on the previous year. In comparable terms, sales grew by 5.6%.
- Johnson & Johnson (JNJ) Reports Q1 2022 Results; JNJ reports first quarter Non-GAAP EPS of $2.67, an improvement of 3.1% from the last year and $0.10 above estimates. Revenue grew 4.8% to $23.4 billion, which was $210 million lower than expected. Management is maintaining 2022 full-year guidance for adjusted operational earnings per share and base business operational sales.
- Johnson & Johnson (JNJ) Announces Dividend Increase; JNJ announced that its Board of Directors has declared a 6.6% increase in the quarterly dividend, from $1.06 per share to $1.13 per share. JNJ has now increased quarterly dividend for the 60th consecutive year.
- Lockheed Martin Corporation (LMT) Reports First Quarter 2022 Financial Results; LMT reports first quarter GAAP EPS of $6.44, 1.83% lower than last year but a $0.28 beat of estimates. Revenues decreased by 8.2% to $14.96 billion, which was $530 million below estimates. For FY2022 Management expects Net sales of about $66 billion and diluted EPS of about $26.7.
- Lockheed Martin Corporation (LMT) awarded a $396.73M fixed-price-incentive modification (P00011) to exercise options under a previously awarded contract (N0003021C0100) for Trident II (D5) missile production and deployed systems support.
April 20, 2022
- Kinder Morgan, Inc. (KMI) Reports First Quarter 2022 Results and Increases Dividend; KMI reports first quarter Non-GAAP EPS of $0.32, down 47% year-over-year but $0.04 higher than expected. Revenue decreased 17.7% to $4.29 billion, but was $540 million higher than expected. For FY2022, the company budgeted to generate net income attributable to KMI of $2.5 billion and declare dividends of $1.11 per share, a 3% increase from the 2021 declared dividends.
- Raytheon Technologies Corporation (RTX) awarded a $482.72M contract for DDG 1000 Class Combat System and modernization of Zumwalt-class Mission Systems and Mission System equipment.
April 21, 2022
- Tele2 AB (TEL2) Interim Report First Quarter 2022; TEL2 reports first quarter EPS of SEK 3.59. In the comparison period, earnings per share amounted to SEK 1.26. Total revenue of SEK 6.7 billion, increased by 2% compared to Q1 2021. Board of Directors proposes an extraordinary dividend of SEK 13.00 per share related to the completed T-Mobile Netherlands divestment.
- NCC AB (NCC) to construct rental apartments and retail premises in Oxelösund; In collaboration with Kustbostäder, NCC will construct a new building with premises for trade and service as well as rental apartments in central Oxelösund. Construction contracts are signed and construction will start in May. The order value amounts to approximately SEK 165 million.
- AT&T Inc. (T) Reports First-Quarter Results; T reports first quarter Non-GAAP EPS of $0.77, a 9.41% decrease from last year but $0.08 above estimates. Revenue fell 13.2% to $38.1 billion, but was $190 million higher than expected.
- NextEra Energy, Inc. (NEE) Reports First Quarter 2022 Financial Results; NEE reports Non-GAAP EPS of $0.74, an increase of 10.5% from last year and $0.02 ahead of estimates. Revenue decreased 22.5% to $2.89 billion. Management guides for FY2022 adjusted EPS to be in the range of $2.75 to $2.85.
- Philip Morris International Inc. (PM) Reports First Quarter 2022 Results; PM reports first quarter Non-GAAP EPS of $1.56, down 0.64% year-over-year but $0.07 higher than expected. Revenue grew 2.1% to $7.75 billion, topping expectations by $320 million. Management targets 2022 full-year reported diluted EPS of $5.39 to $5.50, and pro forma (excluding Russia and Ukraine for entire 2022) adjusted diluted EPS of $5.35 to $5.46, representing currency-neutral growth of 9% to 11%.
- Union Pacific Corporation (UNP) Reports First Quarter 2022 Results; UNP reports GAAP EPS of $2.57, beating estimates by $0.01 and 29% growth year-over-year. Revenues grew by 17.2% to $5.86 billion beating analyst estimates by $100 million.
- Magna International Inc. (MGA) announced its plans for a new plant in Kechnec, Slovakia to expand its ADAS and electrification footprint; new facility will support two European automakers and new global entrant.
- Metro Inc. (MRU.TO) Reports 2022 Second Quarter Results; MRU reports second quarter Non-GAAP EPS of C$0.84, a 7.7% improvement from the prior year. Revenue grew 1.9% to C$4.27 billion, topping expectations by C$900 million.
April 22, 2022
- Verizon Communications Inc. (VZ) Reports First Quarter 2022 Earnings; VZ reports first quarter Non-GAAP EPS of $1.35, down 0.7% year-over-year but in line with expectations. Revenue grew 2.1% to $33.6 billion, which was also in line with estimates. Management guides adjusted EPS at the lower end of the previously guided range of $5.40 to $5.55.
- Kimberly-Clark Corporation (KMB) Reports First Quarter 2022 Results; KMB reports first quarter Non-GAAP EPS of $1.35, 25% lower than last year but a $0.12 beat of estimates. Revenue grew 7.6% to $5.1 billion, which was $180 million more than expected. Management is targeting FY2022 organic sales growth of 4% to 6% vs. prior outlook of 3% to 4% and adjusted EPS of $5.60 to $6.00.
Articles that caught my attention:
- Undervalued Dividend Growth Stock of the Week: Magna International (MGA) by Jason Fieber, Mr. Free at 33, at Daily Trade Alert
- The Psychology of Money by Mark at My Own Advisor
- 11 Incredible Blue-Chip Bargains For The Ultimate Sleep Well At Night Retirement Portfolio by Dividend Sensei at Seeking Alpha
- Philip Morris Is A Great Income Growth Idea by Valuentum at Seeking Alpha
- Bristol Myers Squibb - AbbVie 2.0? by Deep Value Ideas at Seeking Alpha
- Monthly Review Of DivGro: January 2022 by FerdiS at DivGro
- Lockheed Martin Is Currently Unattractively Valued by Financial Freedom Is A Journey
- Dividend Kings vs Aristocrats (the Best Picks for Your Portfolio) by Tom at Dividends Diversify
- 3 Undervalued Stocks On My Radar This Week (April 18-to-22, 2022) by Graham at Reverse the Crush
- Best Buy: Overlooked Retailer Is A Buy by Dividend Power at Seeking Alpha
- Starbucks: A Very Appealing Opportunity For Dividend Growth Investors by C Jessen at Seeking Alpha
- 3 Highest Yield Dividend Champions in 2022 by Dividend Power
- Air Products and Chemicals Inc. (APD) Dividend Stock Analysis by D4L at Dividend Growth Stocks
- The Last Bull Run: 2 Strong Dividend Buys And 2 To Avoid by Robert & Sam Kovacs at Seeking Alpha
- The Dividend Kings Ranked By Quality Score by FerdiS at Seeking Alpha
- Rising interest rates + Good reads from the PF community by Bob at Tawcan
- What’s up with balanced portfolios in 2022? by Dale Roberts at Cut the Crap Investing
- Pullback Alert – These 5 Dividend Growth Stocks Are Down Big by Jason Fieber, Mr. Free at 33, at Daily Trade Alert
Thanks for stopping by, have a nice next week!
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