Week in Review 23/22

 

 

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:

 

 

June 6, 2022

 

• € 68.45 – United Parcel Service, Inc. (UPS)

 

June 8, 2022

 

• € 47.13 – Johnson & Johnson (JNJ)
• € 13.44 – Amgen Inc. (AMGN)
• € 23.64 – Archer-Daniels-Midland Company (ADM)

 

June 10, 2022

 

• € 69.52 – Pfizer Inc. (PFE)
• € 21.89 – Emerson Electric Co. (EMR)

 

Week 23: Total net dividends € 244.07.

 

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

 

 

Portfolio Holdings News:

 

June 6, 2022

 

• Pfizer Inc. (PFE) to Invest $120 Million to Produce COVID-19 Oral Treatment in the U.S.; PFE announced a $120M worth of investment to expand the production capacity at the company’s Kalamazoo, Michigan, facility in support of the U.S.-based manufacturing of its COVID-19 oral treatment, Paxlovid.

 

June 7, 2022

 

• Target Corporation (TGT) Announces Updated 2022 Plan Focused on Inventory Optimization; TGT now sees operating margin rate falling to a range of around 2.0% for Q2 before jumping back to around 6.0% for the back half of the year. TGT continues to expect full-year revenue growth in the low- to mid-single digit range.

 

• W. P. Carey Inc. (WPC) Announces Recent Investments; WPC announced that since the end of the first quarter it has entered into investments totaling approximately $400 million. This includes investments totaling approximately $168 million under binding agreements and expected to close in 2022, with the significant majority expected to close by the end of July, subject to certain customary closing conditions.

 

June 8, 2022

 

• General Dynamics Corporation (GD) was awarded a $133.17M firm-fixed-price contract for MK80 series general purpose tritonal bomb components from the U.S. army.

 

• Air Products and Chemicals, Inc. (APD) Awarded Long-Term Hydrogen and Nitrogen Supply Agreement for Indian Oil Corporation; APD announced the signing of a long-term supply agreement with Indian Oil Corporation Limited (IOCL). APD will build, own and operate a new industrial gases complex supplying hydrogen, nitrogen and steam to IOCL’s Barauni Refinery in Bihar, India.

 

June 9, 2022

 

• Sampo plc (SAMPO) returns excess capital following Nordea exit; SAMPO’s Board of Directors has resolved to launch a EUR 1 billion share buyback program. In addition, management intends to propose to the Board of Directors a second distribution of capital in the form of a share buyback program or extra dividend, or a combination thereof, in connection with the publication of the 2022 financial result on 9 February 2023.

 

• Target Corporation (TGT) Increases Quarterly Dividend by 20 Percent; Board of directors of TGT has declared a quarterly dividend of $1.08 per common share, a 20% increase from the prior quarterly dividend of 90 cents. The dividend is payable Sept. 10, 2022 to shareholders of record at the close of business August 17, 2022. This is the 51st consecutive year in which Target has increased its annual dividend.

 

• Pfizer Inc. (PFE) Completes Acquisition of ReViral; PFE announced the successful completion of its acquisition of ReViral, a privately held, clinical-stage biopharmaceutical company focused on discovering, developing, and commercializing novel antiviral therapeutics that target respiratory syncytial virus (RSV).

 

• Nutrien Ltd. (NTR) Announces Plans to Increase Fertilizer Production Capability and Return Additional Capital to Shareholders; NTR announced it plans to increase fertilizer production capability in response to structural changes in global energy, agriculture and fertilizer markets. NTR  is planning to repurchase an additional $2 billion of shares, for a total of approximately $4 billion of repurchases in 2022, under its existing normal course issuer bid. This is expected to increase the company’s total return of capital to shareholders through dividends and share repurchases to approximately $5 billion in 2022.

 

June 10, 2022

 

• Fortum Corporation (FORTUM) to sell remaining ownership in charging point operator Recharge AS; FORTUM is selling its 30% ownership in Recharge AS (Recharge), a public charging point operator (CPO) for electric vehicles, to Infracapital, the infrastructure equity investment arm of M&G Plc. Upon completion, Infracapital will own 100% of Recharge, which is the largest charging network in the Nordic region with more than 4,600 connectors at 830 locations. The transaction price is approximately EUR 80 million.

 

• T. Rowe Price Group, Inc. (TROW) Reports Preliminary Assets Under Management for May 2022; TROW reported preliminary month-end assets under management of $1.40 trillion as of May 31, 2022, following a drop of over 11% in April.

 

• Lazard Ltd (LAZ) Reports May 2022 Assets Under Management; LAZ reported assets under management (“AUM”) as of May 31, 2022 totaled approximately $236.0 billion. The month’s AUM included foreign exchange appreciation of $1.4 billion, market depreciation of $1.1 billion, and net outflows of $1.0 billion.

 

 

Articles that caught my attention:

 

 

• Undervalued Dividend Growth Stock of the Week: T. Rowe Price (TROW) by Jason Fieber, Mr. Free at 33, at Daily Trade Alert
• Williams-Sonoma Is An Anti-Bubble Blue-Chip With Yummy Upside by Brad Thomas at Seeking Alpha
• Safely Generate Passive Income by Dividend Earner
• A. O. Smith Corporation (AOS) Dividend Stock Analysis by Dividend Growth Investor
• 10 lessons I’ve learned along the FIRE journey by Bob at Tawcan
• 3 Discounted Dividend Aristocrats by FerdiS at TheStreet.com
• May 2022 Dividend Income Update by Mark at My Own Advisor
• Profit From Soaring Oil Prices With These 6+% Yielding Blue-Chips by Dividend Sensei at Seeking Alpha
• Verizon: This 5% Dividend Beast Is A Buy As The Decline Was Overdone After Q1 by Steven Fiorillo at Seeking Alpha
• The Outperformance Of Our U.S. Stock Portfolio by Dale Roberts at Seeking Alpha
• The Best SAAS Stocks [Podcast] by DivGuy at The Dividend Guy Blog
• My Top 5 Dividend Growth Stocks For June 2022 by Jason Fieber, Mr. Free at 33, at Daily Trade Alert
• 15 Best Dividend Stocks for Retirement Portfolios Now by Tom at Dividends Diversify
• Air Products and Chemicals, Inc. (APD) Dividend Stock Analysis by Dividend Growth Investor
• Enbridge: An Excellent SWAN Income Play For Retirees by Samuel Smith at Seeking Alpha
• American Water Works: A World-Class Dividend Growth Stock To Buy by Kody's Dividends at Seeking Alpha
• Pass on Stanley Black and Decker by Dividend Power
• The 20 best UK dividend stocks to buy in 2022 by European DGI
• AbbVie: Highly Uncertain Future Not Yet Priced In by Samuel Smith at Seeking Alpha
• Digital Realty Trust, Inc (DLR) Dividend Stock Analysis by D4L at Dividend Growth Stocks
• Monthly Review Of DivGro: May 2022 by FerdiS at DivGro

 

 

Thanks for stopping by, have a nice next week!