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:
August 8, 2022
- € 11.98 – Medifast, Inc. (MED)
- € 17.75 – Air Products and Chemicals, Inc. (APD)
August 11, 2022
- € 41.07 – Global X SuperDividend ETF (SDIV)
Week 31: Total net dividends € 70.80.
Dividend income is reported after the deduction of taxes. Check more at my Monthly Dividend sheet.
Portfolio Holdings News:
August 8, 2022
- Dominion Energy, Inc. (D) Announces Second-Quarter 2022 Earnings; D reports second quarter Non-GAAP EPS of $0.77, 1.3% above last year's result and $0.02 higher than expected. Revenue grew 18.4% to $3.6 billion, topping estimates $90 million. Management expects Q3 operating earnings in the range of $0.98 to $1.13 per share and affirms its full-year 2022 operating earnings guidance range of $3.95 to $4.25 per share.
- ONEOK, Inc. (OKE) Announces Second-Quarter 2022 Results; OKE reports GAAP EPS of $0.92, beating analyst estimates by $0.04 and increased 19.5% year-over-year.
- Pfizer Inc. (PFE) to Acquire Global Blood Therapeutics; PFE and Global Blood Therapeutics, Inc. (GBT) (NASDAQ: GBT) today announced the companies have entered into a definitive agreement under which Pfizer will acquire GBT. Under the terms of the transaction, PFE will acquire all the outstanding shares of GBT for $68.50 per share in cash, for a total enterprise value of approximately $5.4 billion, including debt and net of cash acquired.
- Viatris Inc. (VTRS) Reports Second Quarter 2022 Results; VTRS reports GAAP EPS of $0.26, beating analyst estimates by $0.07. Revenue of $$4.12 billion missed analyst estimates by $260 million and decreases 10% versus the same quarter last year. Management reaffirms Adjusted EBITDA and Free Cash Flow guidance.
August 9, 2022
- Lockheed Martin Corporation (LMT) awarded a not-to-exceed $524.1M undefinitized modification to a previously awarded fixed-price incentive advanced acquisition contract.
- Emerson Electric Co. (EMR) Reports Third Quarter 2022 Results; EMR reports Non-GAAP EPS of $1.38, a 19% increase from the previous year and $0.09 higher than expected. Revenue increased 7% to $5 billion, $100 million less than expected. Management increased adjusted earnings per share guidance to $5.05 to $5.15 from prior outlook of $4.95-$5.10 and net sales guidance is reduced to 7 to 8 percent from prior outlook of 8%-10%.
August 10, 2022
- Ahold Delhaize N.V. (AMS:AD) Reports Second Quarter Results; AD reports diluted underlying EPS of €0.59, an increase of 11.0% over the prior year. Revenue of €21.4 billion, increased 15.1% versus the same quarter last year. Management now expects mid-single-digit growth in underlying EPS compared to 2021 levels (originally expected decline of low- to mid-single digits vs. 2021 levels) and an increase in 2022 free cash flow guidance to a level of approximately €2.0 billion (originally €1.7 billion).
- General Dynamics Corporation (GD) awarded a $236.18M modification to a previously awarded contract for engineering, technical, design agent, and planning yard support for operational strategic and attack submarines.
- T. Rowe Price Group, Inc. (TROW) Reports Preliminary Month-End Assets Under Management for July 2022; TROW reported $1.39T in July assets under management compared to $1.31T as of prior month.
- Lazard Ltd (LAZ) Reports July 2022 Assets Under Management; LAZ reported $225.1 billion in prelim assets under management of July compared to $216.63 billion as of June 30, 2022.
- Emera Incorporated (TSE:EMA) Reports 2022 Second Quarter Financial Results; EMA reports Non-GAAP EPS of C$0.59, a 9% increase from the previous year. Revenue grew 22.9% to C$ 1.34 billion, topping estimates C$ 280 million.
August 11, 2022
- Kinder Morgan, Inc. (KMI) Acquires North American Natural Resources; KMI announced it has closed on the acquisition of North American Natural Resources, Inc. (NANR) and its sister companies, North American Biofuels, LLC and North American-Central, LLC. The $135 million acquisition in combined purchase price and related transaction costs includes seven landfill gas-to-power facilities in Michigan and Kentucky.
- Cardinal Health, Inc. (CAH) Reports Fourth Quarter and Full Year Results for Fiscal Year 2022; CAH reports fourth quarter Non-GAAP EPS of $1.05, 36% above last year's result but $0.13 lower than expected. Revenue grew 10.6% to $47.1 billion, topping estimates $2.28 billion. anagement guides for fiscal year 2023 Non-GAAP earnings per share to be $5.05 - $5.40 and adjusted free cash flow to be $1.5B - $2.0B.
- Flowers Foods, Inc. (FLO) Reports Second Quarter Results; FLO reports second quarter Non-GAAP EPS of $0.31, a 3.2% decrease year-over-year but $0.04 ahead of estimates. Revenue improved 10.8% to $1.13 billion, $10 billion higher than expected. For FY 2022 management expect EPS to be between $1.16-$1.21.
- Main Street Capital Corporation (MAIN) Prices Public Offering of Common Stock; MAIN announce that it has priced a public underwritten offering of 1,170,000 shares of its common stock. Pricing was set at $42.85 per share, and net proceeds from the offering, after deducting underwriting discounts and estimated offering expenses payable by Main Street, are expected to be approximately $47.9 million. Main Street has also granted the underwriters an option, exercisable for 30 days, to purchase up to 175,500 additional shares of its common stock at the public offering price, less the underwriting discount.
- Manulife Financial Corporation (MFC) Reports Second Quarter Results; MFC reports Non-GAAP EPS of C$0.78, beating analyst estimates by C$0.02 albeit decreasing 6% year-over-year. Global Wealth and Asset Management net inflows of $1.7 billion in 2Q22, compared with net inflows of $8.6 billion in 2Q21.
- Algonquin Power & Utilities Corp. (AQN) Announces 2022 Second Quarter Financial Results; AQN reports Non-GAAP EPS of $0.16, a 7% increase from the previous year and $0.01 higher than expected. Revenue of $624.3 million beats analyst estimates by $10.02 million and increased 18.4% versus the same quarter last year.
August 12, 2022
- Lockheed Martin Corporation (LMT) has been awarded a $7.63B firm-fixed-price, fixed-price incentive, undefinitized modification to a previously awarded advanced acquisition contract.
- Raytheon Technologies Corporation (RTX) has been awarded a $132.65M modification to previously awarded contract FA8121-19-D-0005 for engine module remanufacture.
Articles that caught my attention:
- Undervalued Dividend Growth Stock Of The Week: Air Products & Chemicals (APD) by Jason Fieber, Mr. Free at 33, at Daily Trade Alert
- Becton Dickinson – Lower Risk Profile Superior Growth Prospects by Financial Freedom Is A Journey
- Blue Chip Stocks In Focus: Unum Group by Nikolaos Sismanis at Sure Dividend
- Energy Transfer: I Still Believe Fair Value Is $20, Especially After Q2 Earnings by Steven Fiorillo at Seeking Alpha
- Triton International: Double-Digit Combined Yield Attached To A 40%+ Upside Potential by Nikolaos Sismanis at Seeking Alpha
- STORE Capital: A Stamp Of Approval From The Oracle Of Omaha by Brad Thomas at Seeking Alpha
- Stocks I would buy or not buy by Liquid Independence at Freedom 35 Blog
- ETFs to generate retirement income by Mark at My Own Advisor
- 9 High-Yielding Dividend Stocks For Retirees In These Choppy Markets by ValueWalk at Sure Dividend
- Best Canadian Performing Stocks [Podcast] by Divguy at The Dividend Guy Blog
- 3 Beaten-Down Dividend Growers for Income Investors by Dividend Power
- The Market Is Recovering: Here's What I Am Buying by Jussi Askola at Seeking Alpha
- The Highest Quality Dividend Growth Stocks In 2022 by FerdiS at Seeking Alpha
- 5 Reasons The Market Is Dead Wrong About Comcast by Dividend Sensei at Seeking Alpha
- T. Rowe Price Group Inc. (TROW) Dividend Stock Analysis by D4L at Dividend Growth Stocks
- These 5 Dividend Growth Stocks Are Way Cheaper After Getting Pummeled by Jason Fieber, Mr. Free at 33, at Daily Trade Alert
- 3 BDCs For Mom by Brad Thomas at Seeking Alpha
Thanks for stopping by, have a nice next week!
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