Week in Review 45/22

 

 

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:

 

 

November 8, 2022

 

• € 37.34 – Medifast, Inc. (MED)
• € 8.32 – Metro Inc. (TSE:MRU)

 

November 10, 2022

 

• € 37.43 – General Dynamics Corporation (GD)
• € 35.59 – Global X SuperDividend ETF (SDIV)

 

Week 45: Total net dividends € 118.68

 

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

 

 

Portfolio Holdings News:

 

 

November 7, 2022

 

• NCC AB (NCC) to construct new sports and swim center in Arvidsjaur; NCC and Arvidsjaur Municipality will start the construction of a new sports and swim center. The assignment will be carried out in partnering form and the order value is approximately SEK 250 million.

 

• Viatris Inc. (VTRS) Reports Third Quarter 2022 Results; VTRS reports GAAP EPS of $0.29, beating analyst estimates by $0.10 and increased 11.5% year-over-year. Revenue of $4.07 billion misses analyst estimates by $70 million and decreased 10% versus the same quarter last year. Management is reaffirming its 2022 financial guidance.

 

• Viatris Inc. (VTRS) Announces Two Acquisitions; VTRS announced that it intends to create an ophthalmology franchise by acquiring Oyster Point Pharma for $11.00 per share in cash plus a contingent value right and also expects to acquire Famy Life Sciences. Management anticipates these acquisitions have the potential to add at least $1 billion in sales by 2028.

 

• Walgreens Boots Alliances, Inc. (WBA) Unit VillageMD to acquire Summit Health; VillageMD, majority owned by WBA, announced an agreement to acquire the health care provider Summit Health on Monday in a deal valued at approximately $8.9B, with investments from Evernorth, the PBM unit of Cigna.

 

November 8, 2022

 

• Aflac Incorporated (AFL) Increased Quarter Dividend; AFL announced that its Board of Directors has declared the first quarter dividend of $0.42 per share, payable on March 1, 2023, to shareholders of record at the close of business on February 15, 2023. This represents a 5.0% increase over the previously declared fourth quarter dividend.

 

• Air Products and Chemicals, Inc. (APD) to Receive Approximately $475 Million (CAD) in Funding for Alberta, Canada Net-Zero Hydrogen Energy Complex from Government Energy Transition Programs

 

November 9, 2022

 

• Ahold Delhaize N.V. (AMS:AD) Reports Third Quarter 2022 Results; AD reports Non-GAAP EPS of €0.70, a 31.6% increase from the previous year. Revenue grew 20.8% to €22.4 billion. Management now forecast low-double-digit 2022 diluted underlying EPS growth versus the prior mid-single-digit guidance. The 2022 free cash flow outlook remains at approximately €2.0 billion, with net capital expenditures expected to total approximately €2.5 billion.

 

• BrookfieldRenewable (BEP, BEPC) Announces Participation in Proposal for Origin’s EnergyMarkets Business; BEP and its institutional partners would acquire Origin’s energy markets business, Australia’s largest integrated generation and retail company, and MidOcean would acquire Origin’s Integrated Gas division. The Consortium’s Proposal is at a price of A$9.00 per share which values Origin at an enterprise value of A$18.4 billion.

 

• WestRock Company (WRK) To Sell Ownership Interest in RTS Packaging; WRK announced it has entered into a definitive agreement to wholly divest its ownership interest in RTS Packaging, LLC, to joint venture partner Sonoco Products Company for $330 million, subject to customary price adjustments. In addition, the Company has signed a definitive agreement to sell its uncoated recycled paperboard (URB) mills in Eaton, Indiana, and Aurora, Illinois, to Ox Industries for $50 million.

 

 

• Manulife Financial Corporation (MFC) Reports Third Quarter 2022 Results; MFC reports Non-GAAP EPS of C$0.67, missing analyst estimates by C$0.01 and decreasing 11.8% year-over-year. Global Wealth and Asset Management net inflows of C$3B compared with net inflows of C$9.8B in 3Q21.

 

• Power Corporation of Canada (TSE:POW) Reports Third Quarter 2022 Financial Results; POW reports third quarter Non-GAAP EPS of C$0.63, a 42.7% decrease year-over-year and C$ 0.24 worse than expected. Adjusted net asset value per share was C$39.38 at September 30, 2022, compared with C$52.60 at December 31, 2021.

 

• TC Energy Corporation (TRP) Reports Third Quarter 2022 Results; TRP reports third quarter Non-GAAP EPS of C$1.07, an 8.1% above from last year and C$0925 ahead of estimates. Revenue grew 17.3% to C$ 3.799 billion, topping estimates C$ 258 million. Management guides 2022 comparable earnings per common share are expected to be consistent with 2021.

 

November 10, 2022

 

• Flowers Foods, Inc. (FLO) Reports Third Quarter 2022 Results; FLO reports Non-GAAP EPS of $0.30, which was the same as a year earlier and $0.01 higher than expected. Revenue grew 12.6% to $1.16 billion, topping estimates $20 million. Management guides for FY 2022 sales in the range of approximately $4.807 billion to $4.850 billion, representing an increase of approximately 11.0% to 12.0% and adjusted EPS in the range of approximately $1.25 to $1.30.

 

• WestRock Company (WRK) Reports Fiscal 2022 Fourth Quarter Results; WRK reports Non-GAAP EPS of $1.43, beating analyst estimates by $0.01 and increased 11.7% year-over-year. Revenue increased 5.9% to $ 5.4 billion, which was $ 40 million less than expected.

 

• Aflac Incorporated (AFL) and Trupanion Announce Joint Venture; AFL and Trupanion, Inc. (Nasdaq: TRUP), a leader in medical insurance for cats and dogs, are announcing a joint venture between Aflac Life Insurance Japan and Trupanion to provide high-value pet insurance in Japan.

 

• T. Rowe Price Group, Inc. (TROW) Reports Preliminary Month-End Assets Under Management for October 2022; TROW reported AUM of $1.28T as of Oct. 31, compared to $1.23T as of September-end.

 

• Lazard Ltd (LAZ) Reports October 2022 Assets Under Management; LAZ reported preliminary AUM as of Oct. 31 totaled $204.6B, compared to $197.8B as of Sep.30.

 

November 11, 2022

 

• Emera Incorporated (TSE:EMA) Reports 2022 Third Quarter Financial Results; EMA reports Non-GAAP EPS of C$0.76, beating analyst estimates by C$0.01 and increased 12% year-over-year. Revenue of C$ 1.553 billion misses analyst estimates by $4 million.

 

• Algonquin Power & Utilities Corp. (AQN) Announces 2022 Third Quarter Financial Results; AQN reports Non-GAAP EPS of $0.11, missing analyst estimates by $0.05 and decreasing 27% year-over-year. Revenue grew 26.1% to $ 666.7 million, topping estimates $ 71.94 million. Management is updating its previously-disclosed Adjusted Net Earnings per common share estimate for the 2022 fiscal year from a range of $0.72-$0.77 to a range of $0.66-$0.69.

 

 

Articles that caught my attention:

 

 

• Undervalued Dividend Growth Stock of the Week: Magna International (MGA) by Jason Fieber, Mr. Free at 33, at Daily Trade Alert
• Snap-on Incorporated (SNA) Dividend Stock Analysis by Dividend Growth Investor
• 10 Best Vanguard Index Funds To Buy This Year by LK at Dividend Power
• Top Canadian Agriculture Stocks to Buy in November 2022 by Dan Kent at Stocktrades
• Flowers Foods: Stable Business, But Returns Look Stale by Passive Income Pursuit at Seeking Alpha
• 20 Best Recession-Proof Dividend Stocks for a 2022-23 Downturn by Simply Safe Dividends
• Canadian Natural: 22 Years Of Dividend Growth At 22% A Year by Trapping Value at Seeking Alpha
• Is Best Buy's Dividend Safe? by Valuentum at Seeking Alpha
• 7 Dividend Growth Stocks For November 2022 by Ferdi Scheepers at TheStreet.com
• Dividend Safety Analysis: Intel (INTC) by Dividend Power
• 10 Undervalued Stocks Poised For Rotation by Josh Arnold at Sure Dividend
• Comcast Is A Table-Pounding Buy, So Are These A-Rated High-Yield Blue Chips by Dividend Sensei at Seeking Alpha
• Opportunity: These 5 Dividend Growth Stocks Are Down 20% or More From Recent Highs by Jason Fieber, Mr. Free at 33, at Daily Trade Alert
• Microsoft Corporation (MSFT) Dividend Stock Analysis by D4L at Dividend Growth Stocks
• 8 Dividend Stocks For Rising Interest Rates by Nathan Parsh at Sure Dividend
• WestRock (WRK) A Dividend Stock Comeback Story by Lanny at Dividend Diplomats
• Top 10 Dividend Growth Ideas For November 2022 by Financially Free Investor at Seeking Alpha
• Slightly Overvalued AbbVie Continues To Deleverage by Charles Fournier at Financial Freedom Is A Journey

 

 

Thanks for stopping by, have a nice next week!

 

 

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