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 16, 2022
- € 80.54 – AbbVie Inc. (ABBV)
- € 48.96 – Kinder Morgan, Inc. (KMI)
- € 46.19 – ONEOK, Inc. (OKE)
- € 19.97 – Main Street Capital (MAIN)
- € 22.06 – Realty Income Corporation (O)
May 17, 2022
- € 8.22 – Texas Instruments Incorporated (TXN)
- € 51.13 – Emera Incorporated (EMA)
May 20, 2022
- € 42.31 – Unum Group (UNM)
Week 20: Total net dividends € 319.38.
Dividend income is reported after the deduction of taxes. Check more at my Monthly Dividend sheet.
Portfolio Holdings News:
May 16, 2022
- Duke Energy Corporation (DUK) files proposed Carolinas Carbon Plan to ramp up emissions cuts; DUK said that it filed its proposed Carolinas Carbon Plan, which outlines a path for the company to achieve 70% carbon dioxide emissions reduction by 2030 and carbon neutrality by 2050. with the North Carolina Utilities Commission.
- UGI Corporation (UGI) Commits Funding for Largest Renewable Natural Gas Project to Date; UGI Energy Services, LLC, a subsidiary of UGI, announced an agreement with MBL Bioenergy to fully fund the first set of renewable natural gas (“RNG”) projects currently under development in South Dakota. In total, the project will represent over $70 million of investment by MBL Bioenergy, of which 100% of the funds will be provided by UGIES. MBL Bioenergy is a joint venture partnership between UGIES, Sevana Bioenergy and a subsidiary of California Bioenergy (“CalBio”) with the sole purpose of developing RNG projects in South Dakota.
May 17, 2022
- The Home Depot, Inc. (HD) Announces First Quarter Results; HD reports GAAP EPS of $4.09, beating analyst estimates by $0.39 and increasing 5.96% year-over-year. Revenue grew 3.8% to $38.91 billion, topping estimates by $2.13 billion. For FY2022 management guides total sales growth and comparable sales growth of approximately 3% and diluted earnings-per-share-percent-growth to be mid-single digits.
- Lockheed Martin Corporation (LMT) awarded a $632.13M cost-plus-incentive-fee contract that provides engineering, maintenance, logistics and material support to continue to develop, sustain and produce software builds, as well as carryout developmental flight tests in support of the F-35 Lightning II aircraft for the Air Force, Marine Corps, Navy, Foreign Military Sales customer, and non-U.S. Department of Defense participants’ funds.
- General Dynamics Corporation (GD) Receives NSA Contract for High Assurance Ethernet Encryptor; GD’s Mission Systems announced that it has been awarded a contract from the National Security Agency (NSA) to design, develop, test and deliver a certifiable 400 Gbps high-assurance encryption solution that is compliant with the Ethernet Data Encryption Cryptographic Interoperability Specification (EDE-CIS).
- Raytheon Technologies Corporation (RTX) awarded a ~$102.7M firm-fixed-price modification to previously awarded contract N00024-18-C-5432.
May 18, 2022
- Cisco Systems, Inc. (CSCO) Reports Third Quarter Earnings; CSCO reports Non-GAAP EPS of $0.87, beating analyst estimates by $0.01 and increased 5% year-over-year. Revenue of $12.48 billion misses analyst estimates by $500 million but increased 0.3% versus the same quarter last year. Management guides for Q4 Earnings per Share: GAAP: $0.60 to $0.70; Non-GAAP: $0.76 to $0.84.
- Target Corporation (TGT) Reports First Quarter Earnings; TGT reports first quarter Non-GAAP EPS of $2.19, down 40.7% from last year results and $0.87 less than expected. Revenue grew 4.0% to $25.17 billion, topping estimates by $690 million. For FY2022, TGT continues to expect low- to mid- single digit revenue growth and operating income margin rate will be in a range centered around 6%.
- General Dynamics Corporation (GD) awarded a $313.95M cost-plus-fixed-fee modification to previously awarded contract N00024-17-C-2117 for additional UK Strategic Weapon Support System kit manufacturing, and submarine industrial base development and expansion.
- LTC Properties, Inc. (LTC) Announces $75 Million Private Placement Debt Financing; LTC announced that it entered into a Note Purchase Agreement to issue $75 million aggregate principal amount of 3.66% senior unsecured notes (the “Notes”). The Notes have an average 10-year life, scheduled principal payments and will mature on May 17, 2033.
May 19, 2022
- Fortum Corporation (FORTUM) concludes the sale of its 50 % stake in Fortum Oslo Varme AS; FORTUM today concluded the sale of its 50% ownership in the district heating company Fortum Oslo Varme AS in Norway to a consortium of institutional investors of Hafslund Eco, Infranode and HitecVision. The signing of the transaction was announced on 22 March 2022. The total consideration of the sale amounts to approximately EUR 1 billion on a cash and debt free basis and as part of the transaction, Fortum will deconsolidate a related EUR 0.2 billion loan from the City of Oslo.
- NCC AB (NCC) to construct new emergency hospital in Västerås – planning now initiated; NCC and Region Västmanland are commencing the next step in their cooperation to construct a new emergency hospital in Västerås in partnering form. The parties have now agreed to conduct detailed project planning. The order value is approximately SEK 250 million.
- V.F. Corporation (VFC) Reports Fourth Quarter Earnings; VFC reports fourth quarter Non-GAAP EPS of $0.45, a 67% above from last year but $0.02 miss of estimates. Revenue grew 9.3% to $2.82 billion, missing estimates $10 million. For FY23 Management guides total revenue up at least 7% in constant dollars and EPS $3.30 to $3.40.
- Flowers Foods, Inc. (FLO) Reports First Quarter Results; FLO reports Non-GAAP EPS of $0.44, beating analyst estimates by $0.05 and increased 7.3% year-over-year. Revenue of $1.44 billion beats analyst estimates by $10 million and increased 10.8% versus the same quarter last year. Management expects for FY 2022 Sales in the range of approximately $4.764 billion to $4.850 billion, representing an increase of approximately 10.0% to 12.0% and Adjusted EPS in the range of approximately $1.20 to $1.30, compared to prior guidance of $1.25 to $1.35.
- General Dynamics Corporation (GD) awarded contract modification by U.S. Navy; GD’s Electric Boat announced it was awarded a modification to the previously awarded Columbia Integrated Product and Process Contract by the Naval Sea Systems Command. The modification has a total value of $313.9 million.
Articles that caught my attention:
- Undervalued Dividend Growth Stock of the Week: Lowe’s (LOW) by Jason Fieber, Mr. Free at 33, at Daily Trade Alert
- 3 Top Swedish Dividend Stocks by European Dividend Growth Investor
- 10 Years After Early Retirement by Retire by 40
- Home Depot Vs. Costco: Which Is The Better Buy? by Chuck Walston at Seeking Alpha
- 12 Growth Blue-Chip Bargains I'm Buying Hand Over Fist by Dividend Sensei at Seeking Alpha
- How To Invest If The Market Keeps Dropping by Wolf Report at Seeking Alpha
- 5 stocks I’m still buying in 2022 by Mark at My Own Advisor
- When Should You Buy Dividend Stocks? by Tom at Dividends Diversify
- Stock Buy: The 5 Most Important Points [Podcast] by DivGuy at The Dividend Guy Blog
- Canadian Dividends Stocks: A 2022 Guide & Predictions by Jeff Dawson at Dividend Diplomats
- 3M Co. (MMM) Dividend Stock Analysis by D4L at Dividend Growth Stocks
- Warren Buffett’s Latest Trades: 15 Buys, 7 Sells by Jason Fieber, Mr. Free at 33, at Daily Trade Alert
- 2 Dividend-Paying Tech Stocks Trading At A Big Discount by Tom Hutchinson at Sure Dividend
- Microsoft: It's Finally Time To Buy One Of The World's Greatest Companies by Dividend Sensei at Seeking Alpha
Thanks for stopping by, have a nice next week!
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