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:
October 11, 2022
- € 123.24 – Altria Group, Inc. (MO)
- € 26.37 – Best Buy Co., Inc. (BBY)
October 13, 2022
- € 33.37 – Medical Properties Trust, Inc. (MPW)
- € 36.76 – Global X SuperDividend ETF (SDIV)
October 14, 2022
- € 51.10 – Tele2 AB (TEL2-B)
- € 82.67 – Philip Morris International Inc. (PM)
- € 20.08 – Illinois Tool Works Inc. (ITW)
- € 56.91 – W. P. Carey Inc. (WPC)
Week 41: Total net dividends € 430.50.
Dividend income is reported after the deduction of taxes. Check more at my Monthly Dividend sheet.
Portfolio Holdings News:
October 10, 2022
- LyondellBasell Industries N.V. (LYB) and Genox Recycling Plan to Establish Plastics Recycling Joint Venture; LYB and Genox Recycling today jointly announce they have signed a memorandum of understanding (MoU) to establish a joint venture (JV) to build a plastics recycling plant in Zhaoqing, Guangdong Province with a planned start up in 2023.
- Medical Properties Trust, Inc. (MPW) Announces Authorization of Stock Repurchase Program; MPW announced that its Board of Directors has authorized the repurchase of up to $500 million of MPT’s outstanding common stock before October 2023.
October 11, 2022
- Brookfield Renewable (BEP, BEPC) and Cameco Form Strategic Partnership to Acquire Westinghouse Electric Company; Brookfield Business Partners (NYSE:BBU) with its institutional partners has agreed to sell Westinghouse Electric Co., its nuclear technology services operation, to an investor group led by Cameco (NYSE:CCJ) and BEP for about$8B. BEP, with its institutional partners, will own a 51% interest in Westinghouse and Cameco will own 49%.
- Walgreens Boots Alliance, Inc. (WBA) Accelerates Full Acquisition of CareCentrix; WBA has entered into a definitive agreement to acquire the remaining 45% stake for approximately $392 million, which is based on the exit multiple agreed to at the time of WBA's initial majority investment announcement in CareCentrix.
- LyondellBasell Industries N.V. (LYB) Forms Joint Venture to Build Plastic Waste Sorting and Recycling Facility and Plans to Build Advanced Recycling Plant; LYB and 23 Oaks Investments, Leiferde/Lower Saxony, Germany, signed an agreement to create Source One Plastics, a joint venture that will build an energy efficient, advanced plastic waste sorting and recycling facility in Germany.
October 12, 2022
- PepsiCo, Inc. (PEP) Reports Third-Quarter 2022 Results; PEP reports third quarter Non-GAAP EPS of $1.97, a 14% increase year-over-year and $0.12 ahead of estimates. Revenue grew 8.8% to $21.97 billion, topping estimates by $1.15 billion. For FY2022, PEP now expects a 12% increase in organic revenue vs. prior growth outlook of 10% and core earnings per share of $6.73 up from prior outlook of $6.63.
- T. Rowe Price Group, Inc. (TROW) Reports September 2022 Assets Under Management; TROW reported preliminary month-end assets under management of $1.23 trillion as of September 30, 2022. Preliminary net outflows for the third quarter of 2022 were $24.6 billion, bringing preliminary year-to-date net outflows to $44.6 billion.
- Lazard Ltd (LAZ) Reports September 2022 Assets Under Management; LAZ reported that its preliminary assets under management (“AUM”) as of September 30, 2022 totaled approximately $197.8 billion. The month’s AUM included market depreciation of $14.8 billion, foreign exchange depreciation of $3.4 billion, and net outflows of $1.0 billion. Preliminary average assets under management for the quarter ended September 30, 2022 were $212.3 billion.
October 13, 2022
- UPM-Kymmene Corporation (UPM) substantiates its positive outlook following the record strong Q3 2022 results; UPM substantiates its positive outlook for 2022 following the record strong Q3 2022 results. UPM’s Q3 2022 sales grew by 36% to EUR 3,420 million (2,523 million), and comparable EBIT grew by 84% to EUR 779 million (424 million). UPM’s financial performance is expected to continue above last year’s level and comparable EBIT is expected to increase in 2022 from 2021.
- Walgreens Boots Alliance, Inc. (WBA) Reports Fiscal Year 2022 Earnings; WBA reports fourth quarter Non-GAAP EPS of $0.80, a decline of 31.8% year-over-year but $0.03 ahead of estimates. Revenue of $32.45 billion beats analyst estimates by $280 million even decreased 5.3% versus the same quarter last year. For FY2023 management expecting adjusted EPS of $4.45 to $4.65 as strong core business growth is more than offset by lapping fiscal year 2022 COVID-19 execution, and currency headwinds.
- McDonald's Corporation (MCD) Raises Quarterly Dividend; MCD's Board of Directors declared a quarterly cash dividend of $1.52 per share payable on December 15, 2022 to shareholders of record at the close of business on December 1, 2022. The dividend increase of 10% over the Company’s previous quarterly dividend reflects confidence in the Accelerating the Arches growth strategy and a continued focus on driving long-term profitable growth for all stakeholders.
October 14, 2022
- Kesko Corporation’s (KESKO) sales grew in September; KESKO Group's sales in September 2022 totalled €1,086.1 million, representing an increase of 6.4% in comparable terms.
Articles that caught my attention:
- Undervalued Dividend Growth Stock of the Week: Morgan Stanley (MS) by Jason Fieber, Mr. Free at 33, at Daily Trade Alert
- Young People Shouldn’t Save For Retirement? by Retire by 40
- What we’re doing in this bear beet red market condition by Bob at Tawcan
- I Am Scooping 2 Oversold Fat Dividend Stocks by Rida Morwa at Seeking Alpha
- Enbridge Vs. Kinder Morgan: Which High-Yielder Is The Better Pick? by Jonathan Weber at Seeking Alpha
- Investment Review - Procter & Gamble $PG by Passive Income Pursuit
- Why Should You Be a Dividend Growth Investor and Nothing Else [Podcast] by DivGuy at The Dividend Guy Blog
- Net Lease REITs by Dividend Power
- Medical Properties Trust: The Income Investors' Dream Or Nightmare? by Brad Thomas at Seeking Alpha
- Starbucks Is A Bargain, And So Are These 2 Faster-Growing Dividend Aristocrats by Dividend Sensei at Seeking Alpha
- Unilever Vs. Procter & Gamble: How To Avoid Costly Mistakes With Proper Cash Flow Analysis by Deep Value Ideas at Seeking Alpha
- The Coca-Cola Company (KO) Dividend Stock Analysis by D4L at Dividend Growth Stocks
- What is Dividend Investing Tipping Point and Why it’s Important by Tom at Dividends Diversify
- Opportunity: These 5 Dividend Growth Stocks Are Down Big by Jason Fieber, Mr. Free at 33, at Daily Trade Alert
- Our U.S. and Canadian stock portfolio outperforms when it counts by Dale Roberts at Cut the Crap Investing
- Bert’s $12,000+ of Investments That are NOT Stocks by Bert at Dividend Diplomats
- Walgreens: Shares May Be Establishing A Bottom After A Q4 Beat by Steven Fiorillo at Seeking Alpha
- The 9 Best High-Yield Blue-Chips All Retirees Should Buy by Dividend Sensei at Seeking Alpha
Thanks for stopping by, have a nice next week!
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