Week in Review 39/22

 

 

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:

 

 

September 26, 2022

 

• € 49.97 – Triton International Limited (TRTN)

 

September 27, 2022

 

• € 9.95 – Main Street Capital (MAIN)

 

September 29, 2022

 

• € 22.49 – Gilead Sciences, Inc. (GILD)
• € 63.76 – T. Rowe Price Group, Inc. (TROW)

 

September 30, 2022

 

• € 45.48 – Brookfield Renewable (BEP, BEPC)
• € 61.82 – Brookfield Infrastructure (BIP, BIPC)
• € 22.23 – Union Pacific Corporation (UNP)
• € 113.80 – Digital Realty Trust, Inc. (DLR)
• € 14.40 – LTC Properties, Inc. (LTC)
• € 8.07 – Canadian National Railway Company (CNR)

 

 

Week 39: Total net dividends € 411.97.

 

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

 

 

My Portfolio's Transactions:

 

 

September 26, 2022

 

• I purchased 20 shares of Canadian Imperial Bank of Commerce (CM) at C$ 60.60 per share plus commission.

 

 

Portfolio Holdings News:

 

 

September 26, 2022

 

• Update on NCC’s AB (NCC) earnings; NCC’s operating profit for the third quarter will be negatively impacted by the economic situation, driven primarily by the asphalt operations in the Industry business area. Unrelated to this, a small number of residential projects in Sweden will also be subject to impairment as a result of inadequate project management.

 

 

September 27, 2022

 

• NCC AB (NCC) to construct 144 new prison places in Mariestad; On behalf of Specialfastigheter, NCC will conduct the initial works for construction of new prison places at the Rödjan prison in Mariestad. The assignment will take place under the parties’ strategic partnering agreement, and planning and design will commence immediately. The potential order value of the contract is approximately SEK 900 million.

 

• NCC AB (NCC) to build school and preschool in Turku; NCC has signed an agreement with the City of Turku to build the Suikkila school and a preschool in Turku. The assignment is a two-phase turnkey contract valued at approximately SEK 200 million.

 

• Kinder Morgan, Inc. (KMI) Announces Sale of Equity Interests in Elba Liquefaction Company; KMI announced that it has closed on the sale of a 25.5% equity interest out of its membership interest in Elba Liquefaction Company, L.L.C. (ELC) to an undisclosed financial buyer for approximately $565 million, subject to customary purchase price adjustments to reflect an economic effective date of July 1, 2022.

 

• Lockheed Martin Corporation (LMT) was awarded a $115.35M firm-fixed-price, indefinite-delivery/indefinite-quantity contract for diminishing manufacturing sources parts for F-35 Lightning II program for the Air Force, Navy, Marine Corps, non-U.S. Department of Defense participants, and Foreign Military Sales customers.

 

• Emerson Electric Co. (EMR) Announces Agreement to Divest its Russia Business to Local Management; EMR announced an agreement to sell its Russia business, including Metran, its Russia-based manufacturing subsidiary, and Emerson LLC in Russia, the sales and service organization for Metran, to the local management team. This announcement follows the company’s May statement to exit its Russia business and explore strategic options to divest Metran.

 

September 28, 2022

 

• NCC AB (NCC) expands electricity supply in southern Stockholm; NCC has now commenced the refurbishment of one of Stockholm’s oldest national grid stations in Hammarby Sjöstad. The new main distribution station will have increased capacity and pave the way for the development of southern Stockholm. The project is a turnkey contract in partnering form on behalf of Ellevio.

 

• Starbucks Corporation (SBUX) Announces Increase in Quarterly Cash Dividend; SBUX announced that its Board of Directors has approved an increase an 8.2% in the company’s quarterly cash dividend from $0.49 to $0.53 per share. This increase will be effective with the dividend payment to be distributed on November 25, 2022, to shareholders of record on November 11, 2022, and raises the company’s annual dividend rate to $2.12 per share.

 

• V.F. Corporation (VFC) Introduces Fiscal Year 2027 Long-term Strategic Plan and Financial Targets With Revised Outlook for Fiscal Year 2023; For full-year, VFC lowered its adjusted EPS guidance to $2.60-$2.70, well below the prior forecast of $3.05-$3.15. Revenue is expected to be up about 5% to 6% for the full-year versus previous outlook of at least +7%. In the long-run through FY 2027, free cash flow generation is projected to be approximately $5.5B with a total of approximately $7B in cash expected to be available to return to shareholders through dividends and share repurchases.

 

• Raytheon Technologies Corporation’s (RTX) Pratt and Whitney Military Engines awarded a not-to-exceed $277.92M modification (P00007) to a previously awarded cost-plus-incentive-fee, fixed-price-incentive-firm-target undefinitized contract (N0001920C0011).

 

• Enbridge Inc. (ENB) and Indigenous Communities Announce Landmark Equity Partnership; ENB and 23 First Nation and Métis communities today announced an agreement whereby the communities will acquire, collectively, an 11.57% non-operating interest in seven Enbridge-operated pipelines in the Athabasca region of northern Alberta for $1.12 billion.

 

• Fortis Inc. (FTS) Announces Quarterly Dividend Increase; FTS declared a common share dividend of $0.565 per share, representing an approximate 6% increase in the quarterly dividend, payable on December 1, 2022 to the common Shareholders of Record at the close of business on November 17, 2022, marking 49 consecutive years of increased dividends.

 

September 29, 2022

 

• Brookfield Renewable Partners L.P. (BEP, BEPC) to invest up to $2 billion in Scout Clean Energy and Standard Solar; BEP has agreed to acquire Scout Clean Energy for $1 billion with the potential to invest an additional $350 million to support the business’ development activities ($270 million in total net to BEP). BEP also announces today the closing of its acquisition of Standard Solar for consideration of $540 million with the potential to invest an additional $160 million to support the business’ growth initiatives ($140 million in total net to BEP).

 

• Lockheed Martin Corporation (LMT) awarded a not-to-exceed ~$152.33M fixed-price-incentive-firm-target, cost-plus-fixed-fee undefinitized ID/IQ contract.

 

• Lockheed Martin Corporation (LMT) awarded a $272.98M modification (P00060) to contract W31P4Q-20-C-0023 for services, hardware, facilities, equipment, and all technical, planning, management, manufacturing, and testing efforts to produce Phased Array Tracking Radar to Intercept on Target Advanced Capability-3 missiles.

 

• Enbridge Inc. (ENB) Enhances North American Renewables Business with Acquisition of Tri Global Energy; ENB announced it has acquired Tri Global Energy ("TGE"), a leading US renewable project developer, for US$270 million in cash and assumed debt. Additionally, up to approximately US$50 million in payments could be made contingent on successful execution of TGE's project portfolio.

 

September 30, 2022

 

• Lockheed Martin Corporation (LMT) Announces Quarterly Dividend Increase; LMT board of directors has authorized a fourth quarter 2022 dividend of $3.00 per share, representing an increase of $0.20 per share or 7.1% over last quarter. The dividend is payable on Dec. 30, 2022, to holders of record as of the close of business on Dec. 1, 2022.

 

• Lockheed Martin Corporation (LMT) awarded a $350.4M cost-plus-incentive-fee and cost-plus-fixed-fee un-priced letter contract modification (PH0008) to a previously awarded and announced unpriced letter contract (N00030-22-C-1025).

 

• Lockheed Martin Corporation (LMT) awarded a $265.59M modification (P00023) cost-plus-fixed-fee, firm-fixed-price order (N0001920F0571) against a previously issued basic ordering agreement (N0001919G0008).

 

• Raytheon Technologies Corporation (RTX) awarded a ~$232.78M cost-plus-incentive-fee contract to procure material and support equipment for depot maintenance facilities and unit level support equipment, as well as to provide program administrative support for non-recurring sustainment activities and supplies, services, and planning for depot standup and expansion in support of the for the F-35 Lightning II Program.

 

• Raytheon Technologies Corporation (RTX) awarded a $225.64M cost-plus-fixed-fee contract for AIM-9X Block II and Block II+ System Improvement Program Increment IV to include hardware and software development to the AIM-9X system as well as test and integration of developed hardware and capabilities.

 

 

Articles that caught my attention:

 

 

• Undervalued Dividend Growth Stock of the Week: Home Depot (HD) by Jason Fieber, Mr. Free at 33, at Daily Trade Alert
• Microsoft (MSFT) Dividend Stock Analysis by Dividend Growth Investor
• 3 Dividend Investing Strategies that Make Money Now by Tom at Dividends Diversify
• Automatic Data Processing: A Better Opportunity Will Likely Present Itself by Passive Income Pursuit at Seeking Alpha
• ONEOK: A Smart 7.4% Yield To Turbocharge Your Retirement by Gen Alpha at Seeking Alpha
• High-Yield Stock Battle [Podcast] by DivGuy at The Dividend Guy Blog
• A Share Buyback Explained by Dividend Power
• 3 Ways to Fund Early Retirement by Retire by 40
• 2022 Monthly Dividend Stocks List: All 51 Ranked and Analyzed by Simply Safe Dividends
• 5 Dividend Champions With High Yields And High Growth by Wyo Investments at Seeking Alpha
• Passive Income: Williams Companies' 5.9% Yield Or Enbridge's 7.0% by Samuel Smith at Seeking Alpha
• V.F. Corp.: An Uncrowned Dividend King Or A Value Trap? by Deep Value Ideas at Seeking Alpha
• Invest in Water Stocks by Dividend Power
• Dividend Kings In Focus: Lowe’s Companies Update by Josh Arnold at Sure Dividend
• Hormel Foods Corp. (HRL) Dividend Stock Analysis by D4L at Dividend Growth Stocks
• Top 5 Stocks To Buy Now – October 2022 Edition by Jason Fieber, Mr. Free at 33, at Daily Trade Alert
• Ares Capital's NAV, Sector Valuation, And Dividend Vs. 14 BDC Peers - Part 2 by Scott Kennedy at Seeking Alpha
• Buy Alert: 7 Undervalued All Weather Dividend Ideas by Robert & Sam Kovacs at Seeking Alpha

 

 

Thanks for stopping by, have a nice next week!

 

 

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