Week in Review 18/22

 

 

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:

 

 

May 2, 2022

 

• € 68.60 – AT&T Inc. (T)
• € 72.33 – Verizon Communications Inc. (VZ)
• € 24.72 – Edison International (EIX)
• € 25.22 – General Mills, Inc. (GIS)
• € 30.51 – Bristol-Myers Squibb Company (BMY)
• € 88.32 – TD Bank Group (TSE:TD)
• € 19.08 – Power Corporation of Canada (TSE:POW)
• € 66.89 – TC Energy Corporation (TSE:TRP)

 

May 3, 2022

 

• € 44.77 – CVS Health Corporation (CVS)

 

May 5, 2022

 

• € 266.66 –Tele2 AB (TEL2)

 

May 6, 2022

 

• € 35.59 – General Dynamics Corporation (GD)

 

Week 18: Total net dividends € 742.69.

 

Dividend income is reported after the deduction of taxes. Check more at my Monthly Dividend sheet.

 

 

My Portfolio's Transactions:

 

 

May 5, 2022

 

• I purchased 10 shares of Canadian Imperial Bank of Commerce (CM) at C$ 141.84 per share plus commission.

 

At today's exchange rate that purchase 10 shares of CM will increase € 35.23 of my expected annual net dividend income. After this acquisition, CM’s weight of my portfolio is about 0.45% and its share of future annual dividend income is approximately 0.84%.

 

 

Portfolio Holdings News:

 

 

May 2, 2022

 

• Ahold Delhaize N.V. (AMS:AD) announces that Cycloon and bol.com receive approval for strategic partnership; AD announces that bol.com, its online retailer in the Benelux, and delivery expert Cycloon completed the transaction for a strategic partnership in which bol.com has become a majority shareholder of Cycloon.

 

• WEC Energy Group, Inc. (WEC) Reports First-Quarter Results; WEC reports GAAP EPS of $1.79, beating analyst estimates by $0.12 and increasing 11.2% year-over-year. Revenue grew 7.4% to $2.9 billion, topping estimates by $70 million. WEC is raising its earnings guidance for 2022, to a range of $4.34 to $4.38 per share from previously announced earnings guidance in a range of $4.29 to $4.33 per share.

 

• Medifast, Inc. (MED) Announces First Quarter 2022 Financial Results; MED reports GAAP EPS of $3.59, a 3.8% increase from the prior year and $0.02 above estimates. Revenues grew by 22.6% to $417.6 million beating estimates by $14.35 million. Management raised annual revenue guidance to be in the range of $1.78 billion to $1.84 billion and full-year EPS to be in the range of $14.60 to $16.05.

 

• Eaton Corporation plc (ETN) to acquire 50% stake in Jiangsu Huineng Electric Co., Ltd.’s circuit breaker business; ETN announced it has signed an agreement to acquire a 50% stake in the circuit breaker business of Jiangsu Huineng Electric Co., Ltd. (Huineng), which manufactures and markets low-voltage circuit breakers in China and had revenues of $35 million in 2021. Financial terms were not disclosed and the transaction is expected to close in the third quarter of 2022.

 

• Air Products and Chemicals, Inc. (APD) Brings Two Air Separation Units Onstream; APD announced that Air Products San Fu Co. Ltd recently brought two new air separation units onstream, as part of the long-term agreements to provide ultra-high purity industrial gases to one of the world’s largest semiconductor manufacturers in Asia. Air Products San Fu will invest approximately $400 million to build, own and operate a number of large air separation units to supply ultra-high purity nitrogen, oxygen, argon and hydrogen in Tainan Science Park, Southern Taiwan.

 

• Nutrien Ltd. (NTR) Reports First Quarter Results; NTR reports first quarter Non-GAAP EPS of $2.70, 831% above last year's result but $0.08 less than expected. Revenue grew 64.4% to $7.66 billion, topping estimates by $70 million. NTR raised full-year 2022 adjusted EBITDA guidance and adjusted net earnings per share guidance to $14.5 to $16.5 billion and $16.20 to $18.70 per share.

 

• Omega Healthcare Investors, Inc. (OHI) Reports First Quarter 2022 Results; OHI reports first quarter FFO of $0.74, 12.9% lower than last year but $0.04 above estimates. Revenue declined 8.9% to $249.3 million, but topping estimates $38 million.

 

May 3, 2022

 

• Fortum Corporation (FORTUM) to record pre-tax impairments of approximately EUR 2.1 billion related to its Russian operations

 

• Edison International (EIX) Reports First Quarter 2022 Results; EIX reports Non-GAAP EPS of $1.07, beating analyst estimates by $0.26 and increased 35.4% year-over-year. Revenue of $3.97 billion beats analyst estimates by $630 million and increased 34.1% versus the same quarter last year. Management affirms 2022 EPS guidance of $4.40–4.70 and long-term EPS growth rate target of 5–7%.

 

• ONEOK, Inc. (OKE) Reports First Quarter 2022 Results; OKE reports first quarter GAAP EPS of $0.87, the same as previous year and $0.03 lower as estimates. Revenue increased 70.4% to $5.4 billion, which was $400 million more than expected.

 

• Pfizer Inc. (PFE) Reports First-Quarter 2022 Results; PFE reports first quarter Non-GAAP EPS of $1.62, 72% higher than the prior year and $0.05 above estimates. Revenue improved 77% to $25.7 billion, $9700 million better than expected. PFE reaffirms full-year 2022 financial guidance for revenues to a range of $98.0 to $102.0 billion and for adjusted diluted EPS to a range of $6.25 to $6.45.

 

 

• Baxter International Inc. (BAX) Increases Quarterly Dividend; BAX announced an increase in the company's quarterly cash dividend to a rate of $0.29 per share of common stock. This represents an approximately 3.5% increase over the previous quarterly dividend rate of $0.28 per share and payable on July 1, 2022, to stockholders of record as of June 3, 2022.

 

• PepsiCo, Inc. (PEP) Increases Quarterly Dividend; The Board of Directors of PEP declared a quarterly dividend of $1.15 per share of PepsiCo common stock, a 7% increase versus the comparable year-earlier period. Today's action is consistent with PEP's previously announced increase in its annualized dividend to $4.60 per share from $4.30 per share, which will begin with the June 2022 payment. This dividend is payable on June 30, 2022 to shareholders of record at the close of business on June 3, 2022. This marks the company's 50th consecutive annual dividend increase.

 

• Starbucks Corporation (SBUX) Reports Q2 Fiscal 2022 Results; SBUX reports second quarter Non-GAAP EPS of $0.59, a decline of 3.3% year-over-year and $0.01 lower of estimates. Revenue increased 15% to $7.6 billion and was in line with expectations.

 

• Triton International Limited (TRTN) Reports First Quarter 2022 Results; TRTN reports Non-GAAP EPS of $2.76, beating analyst estimates by $0.13 and increased 44.5% year-over-year. Revenue of $417.1 million misses analyst estimates by $1.92 million even increased 20.3% versus the same quarter last year. Container utilization remains exceptionally high. Utilization averaged 99.6% in the first quarter of 2022 and ending utilization was 99.5% as of April 29, 2022.

 

• Illinois Tool Works Inc. (ITW) Reports First Quarter 2022 Results; ITW reports first quarter GAAP EPS of $2.11, the same as previous year and $0.04 ahead of estimates. Revenue increased 11.4% to $3.9 billion, which was $140 million more than expected. Management raising guidance for GAAP EPS to $9.00 to $9.40 per share and organic revenue growth to 7 to 10%.

 

• Eaton Corporation plc (ETN) Reports First Quarter 2022 Results; ETN reports first quarter Non-GAAP EPS of $1.62, a 13% above from last year and $0.02 ahead of estimates. Revenue grew 2.3% to $4.8 billion, topping estimates $20 million. For the full year 2022, the management is increasing its organic growth guidance from 7-9% to 9-11% and raising adjusted earnings per share to between $7.32 and $7.72.

 

• Prudential Financial, Inc. (PRU) Announces First Quarter 2022 Results; PRU reports Non-GAAP EPS of $3.17, 20.6% lower than the prior year but $0.49 higher than expected. Book value per Common share of $115.28 versus $145.05 per share for the year-ago quarter; adjusted book value per Common share of $107.16 versus $100.49 per share for the year-ago quarter. Assets under management of $1.620 trillion versus $1.663 trillion for the year-ago quarter.

 

• Main Street Capital (MAIN) Announces Supplemental Dividend Payable in June 2022; MAIN’s Board of Directors declared a supplemental cash dividend of $0.075 per share payable in June 30, 2022 to stockholders of record as of June 22, 2022.

 

May 4, 2022

 

• Sampo plc (SAMPO) Reports First-Quarter 2022 Results; SAMPO reports earnings per share of €0.86, beating estimates by €0.17 and increased 4.9% year-over-year. Profit before taxes declined 10.4% to €566 million, which was €89 million higher than expected.

 

• Avista Corporation (AVA) Reports Financial Results for First Quarter 2022; AVA reports GAAP EPS of $0.99, a 1.02% increase from the prior year and $0.11 above estimates. Revenues grew by 12.3% to $448.87 million beating estimates by $21.86 million. AVA is confirming 2022 consolidated earnings guidance with a range of $1.93 to $2.13 per diluted share.

 

• Pinnacle West Capital Corporation (PNW) Reports 2022 First-Quarter Results; PNW reports first quarter GAAP EPS of $0.15, 53.1% lower than last year but $0.06 above estimates. Revenue of $783.53 million beats analyst estimates by $90.8 million by increasing 12.5% versus the same quarter last year. For FY2022, PNW continues to expect its consolidated earnings guidance will be in the range of $3.90 to $4.10 per diluted share.

 

• UGI Corporation (UGI) Reports Second Quarter Results; UGI reports first quarter Non-GAAP EPS of $1.91, 4.0% lower than last year but $0.07 above estimates. Revenue grew 34.5% to $3.47 billion, topping estimates $620 million. Management updated FY22 adjusted EPS guidance to a range of $2.90 - $3.00 per share.

 

 

• UGI Corporation (UGI) Increases Quarterly Dividend; UGI’s Board of Directors declared a quarterly dividend of $0.36 per share of the company’s common stock, representing a 4.3% increase. The dividend is payable July 1, 2022 to shareholders of record as of June 15, 2022. This marks the 35th consecutive year of increases.

 

• Brookfield Infrastructure (BIP, BIPC) Reports First Quarter 2022 Results and Three-for-Two Stock Split; BIP reports FFO of $0.96, in line with estimates and increased 3.2% year-over-year. Revenue grew 27.2% to $3.41 billion, topping estimates by $1.14 billion. BIP announced today that the Board of Directors of BIP has approved a three-for-two unit split of the BIP units. On June 10, 2022, the additional units/shares required to give effect to the unit/share splits will be issued to holders of record at the close of business on June 6, 2022.

 

• CVS Health Corporation (CVS) Reports First Quarter Results; CVS reports Non-GAAP EPS of $2.22, an 8.8% increase from the prior year and $0.08 above estimates. Revenues grew by 11.2% to $76.83 billion beating estimates by $1.53 billion. Management raised Adjusted EPS guidance range to $8.20 to $8.40 from $8.10 to $8.30.

 

• Emerson Electric Co. (EMR) Reports Second Quarter 2022 Results; EMR reports second quarter Non-GAAP EPS of $1.29, a 21% above from last year and $0.11 ahead of estimates. Revenue grew 8.1% to $4.79 billion, topping estimates $80 million. For FY22 Management increased Adjusted Earnings Per Share to $4.95 to $5.10 and Operating Cash Flow is now expected to be $3.6 billion.

 

• STORE Capital Corporation (STOR) Announces First Quarter 2022 Operating Results; STOR reports first quarter FFO of $0.57, 21.3% above last year's result and $0.05 more than expected. Revenue grew 21.9% to $222.12 million, topping estimates by $10.01 million. STOR is raising its 2022 AFFO per share guidance from a range of $2.18 to $2.22 to a range of $2.20 to $2.23.

 

• Realty Income Corporation (O) Announces Operating Results For The Three Months Ended March 31, 2022; O reports FFO of $0.98, beating analyst estimates by $0.01 and increased 14% year-over-year. Revenue of $807.3 million beats analyst estimates by $58.61 million and increased 82.3% versus the same quarter last year.

 

• Orion Office REIT Inc. (ONL) Announces First Quarter 2022 Results; ONL reports FFO of $0.49, beating analyst estimates by $0.01. Revenue of $53.21 million misses analyst estimates by $0.55 million. Managements guidance for fiscal year 2022 remains unchanged.

 

• Fortis Inc. (FTS) Releases First Quarter 2022 Results; FTS reports Non-GAAP EPS of C$0.78, beating analyst estimates by C$0.17 and increased 1.3% year-over-year. Revenue grew 11.8% to C$2.84 billion, topping estimates by C$690 million. FTS's C$4.0 billion annual capital plan remains on track with approximately C$1.0 billion invested during the first quarter.

 

May 5, 2022

 

• Dominion Energy, Inc. (D) Announces First-Quarter 2022 Earnings; D reports Non-GAAP EPS of $1.18, an 8.3% increase from the prior year and $0.01 above estimates. Revenues grew by 10.6% to $4.28 billion missing estimates by $30 million. Management expects second-quarter operating earnings in the range of $0.70 to $0.80 per share and affirms its full-year 2022 operating earnings guidance range of $3.95 to $4.25 per share.

 

• ConocoPhillips (COP) Reports First-Quarter 2022 Results; COP reports first quarter Non-GAAP EPS of $3.27, a 374% above from last year and $0.05 ahead of estimates. COP announced a $2 billion increase in expected 2022 returns of capital to $10 billion. The company declared both an ordinary dividend of 46 cents per share and a third-quarter variable return of cash (VROC) payment of 70 cents per share.

 

• Cardinal Health, Inc. (CAH) Reports Third Quarter Fiscal 2022 Results; CAH reports third quarter Non-GAAP EPS of $1.45, 5% lower than last year and $0.07 less than estimates. Revenue of $44.8 billion beats analyst estimates by $1.6 billion and increased 14.1% versus the same quarter last year. Management updates Non-GAAP EPS guidance to $5.15 to $5.25, from $5.15 to $5.50.

 

• Kontoor Brands, Inc. (KTB) Reports First Quarter 2022 Results; KTB reports first quarter Non-GAAP EPS of $1.43, a 27.7% above from last year and $0.20 ahead of estimates. Revenue grew 4.3% to $620 million, topping estimates $24.35 million. Management expects FY2022 EPS to be in the range of $4.75 to $4.85, up from the prior guidance of $4.65 to $4.75.

 

 

• WestRock Company (WRK) Reports Fiscal 2022 Second Quarter Results; WRK reports Non-GAAP EPS of $1.17, beating analyst estimates by $0.16 and increased 116.7% year-over-year. Revenue of $5.38 billion beats analyst estimates by $300 million even increased 21.2% versus the same quarter last year. WRK’s board of directors authorized an additional 25 million share repurchase program.

 

• Lockheed Martin Corporation (LMT) awarded a $372.46M undefinitized firm-fixed-price modification (P00003) to an order (N0001921F0398) against a previously issued basic ordering agreement (N0001919G0008).

 

• Unum Group (UNM) Reports First Quarter 2022 Results; UNM reports first quarter GAAP EPS of $1.25, a 66.7% above from last year and $0.50 ahead of estimates. Revenue of $2.98 billion misses analyst estimates by $40 million by decreasing 2.9% versus the same quarter last year. Full-year 2022 outlook increased; after-tax adjusted operating income per share now expected to grow 15 percent to 20 percent relative to full-year 2021, compared to the previous outlook of an increase of 4 percent to 7 percent.

 

• Main Street Capital Corporation (MAIN) Announces First Quarter 2022 Results; MAIN reports first quarter Non-GAAP NII of $0.77, a 24% above from last year and $0.07 ahead of estimates. Total investment income grew 26.4% to $79.4 million, missing estimates $1.05 million.

 

• Air Products and Chemicals, Inc. (APD) Reports Fiscal 2022 Second Quarter Results; APD reports Non-GAAP EPS of $2.38, a 14% increase from the prior year and $0.01 above estimates. Revenues grew by 16% to $2.9 billion missing estimates by $100 million. APD maintaining fiscal 2022 full-year adjusted EPS guidance of $10.20 to $10.40 and third quarter adjusted EPS guidance of $2.55 to $2.65.

 

• BCE Inc. (BCE) Reports First Quarter Results; BCE reports Non-GAAP EPS of C$0.89, beating analyst estimates by C$0.08 and increased 14.1% year-over-year. Revenue of C$5.85 billion miss analyst estimates by C$10 million albeit increasing 2.6% versus the same quarter last year. Management expects revenue growth of 1% to 5% and adjusted EPS growth of 2% to 7% for FY2022.

 

May 6, 2022

 

• Orion Corporation (ORION) enters into exclusive agreement with Jemincare for novel non-opioid drug candidate for the treatment of pain.

 

• Brookfield Renewable (BEP, BEPC) Announces First Quarter Results; BEP reports Normalized FFO of $0.38, an 18% increase over the same period prior year. Revenue of $1.14 billion increased 11.8% versus the same quarter last year.

 

• Lockheed Martin Corporation (LMT) and Raytheon Technologies Corporation (RTX) awarded a $237.89M modification (P00064) to contract W31P4Q-19-C-0076 for the Javelin Missile System.

 

• Enbridge Inc. (ENB) Reports First Quarter 2022 Financial Results; ENB reports Non-GAAP EPS of C$0.84, missing analyst estimates by C$0.01 but increased 3.7% year-over-year. DCF of C$3.1 billion or C$1.52 per common share, compared with C$2.8 billion or C$1.37 per common share in 2021. Management reaffirmed 2022 full year guidance range for EBITDA of C$15.0 billion to C$15.6 billion and DCF per share of C$5.20 to C$5.50.

 

• TELUS Corporation (TSE:T) Reports Financial Results for First Quarter 2022 and Increased Quarterly Dividend; T reports first quarter Non-GAAP EPS of C$0.30 which was 11.1% above from last year results. Revenues grew by 5.8% to C$4.3 billion. Management increased quarterly dividend to $0.3386 per share, up 7.1 per cent over the prior year. TELUS reiterating 2022 financial targets Operating Revenue and Adjusted EBITDA growth of 8 to 10 per cent along with free cash flow of C$1 billion to C$1.2 billion

 

 

Articles that caught my attention:

 

 

• Undervalued Dividend Growth Stock of the Week: Gilead Sciences (GILD) by Jason Fieber, Mr. Free at 33, at Daily Trade Alert
• Sixteen Dividend Growth Stocks Raising Dividends Last Week by Dividend Growth Investor
• 8 Dividend Increases Expected in May 2022 by Bert at Dividend Diplomats
• How Much Money Do You Need To Live Off Dividends? by Tom at Dividends Diversify
• Kinder Morgan And The Ruby Pipeline Bankruptcy by The Value Portfolio at Seeking Alpha
• My Top 10 High Yield Dividend Stocks For May 2022 by Dividend Yield Theorist at Seeking Alpha
• Cummins: Sufficiently Cheap Despite Recession Fears by Passive Income Pursuit at Seeking Alpha
• Dividend Growth Investing Strategy by Dividend Power
• ESG Investing: Possibilities and Limits [Podcast] by DivGuy at The Dividend Guy Blog
• Berkshire Hathaway Is Better Than A Broad-Based ETF by Financial Freedom Is A Journey
• Monthly Review Of DivGro: March 2022 by FerdiS at DivGro
• Verizon: Major Upside Breakout Underway by David Alton Clark at Seeking Alpha
• Rockwell Automation (ROK) – Cheap, Dividend Growth Stock DOWN 40%?! by Lanny at Dividend Diplomats
• Leggett & Platt: This High-Yielding Dividend King Is A Buy by Kody's Dividends at Seeking Alpha
• 5 Safe And Cheap Dividend Stocks To Invest In (May 2022) by Financially Free Investor at Seeking Alpha
• W.W. Grainger, Inc. (GWW) Dividend Stock Analysis by D4L at Dividend Growth Stocks

 

 

Thanks for stopping by, have a nice next week!

 

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