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 14, 2022
- € 61.41 – NCC AB (NCC)
- € 48.29 – ONEOK, Inc. (OKE)
- € 17.93 – Air Products and Chemicals, Inc. (APD)
November 15, 2022
- € 18.36 – Texas Instruments Incorporated (TXN)
- € 51.35 – Kinder Morgan, Inc. (KMI)
- € 81.21 – AbbVie Inc. (ABBV)
- € 22.21 – Ally Financial Inc. (ALLY)
- € 20.49 – Main Street Capital (MAIN)
- € 91.74 – Omega Healthcare Investors, Inc. (OHI)
- € 22.21 – Realty Income Corporation (O)
November 17, 2022
- € 52.07 – Emera Incorporated (TSE:EMA)
November 18, 2022
- € 47.39 – Unum Group (UNM)
Week 46: Total net dividends € 534.66
Dividend income is reported after the deduction of taxes. Check more at my Monthly Dividend sheet.
Portfolio Holdings News:
November 14, 2022
- Kesko Corporation’s (KESKO) sales grew in October; KESKO Group's sales totalled €1,039.0 million in October 2022, representing an increase of 6.0% in comparable terms.
November 15, 2022
- UGI Corporation (UGI) Announces its Fifth Renewable Natural Gas Project; UGI announced today that Cayuga RNG has entered into an agreement to develop its fifth project to produce renewable natural gas (“RNG”) in upstate New York. Cayuga RNG is a joint venture of UGI Energy Services, LLC, a subsidiary of UGI, and Global Common Ventures, LLC.
- The Home Depot, Inc. (HD) Announces Third Quarter Results; HD reports GAAP EPS of $4.24, beating analyst estimates by $0.13 and increased 8.16% year-over-year. Revenue of $ 38.87billion beats analyst estimates by $910 million and increased 5.6% versus the same quarter last year. Management reaffirms FY2022 guidance: Total sales growth and comparable sales growth of approximately 3%.
November 16, 2022
- Cisco Systems, Inc. (CSCO) Reports First Quarter Earnings; CSCO reports first quarter Non-GAAP EPS of $0.86, a 5% above from last year and $0.02 ahead of estimates. Revenue grew 5.7% to $ 13.63 billion, topping estimates $ 340 million. For Q2 FY 2023 management guides 4.5% to 6.5% revenue growth year over year and Non-GAAP EPS to be in range $0.84 to $0.86.
- Target Corporation (TGT) Reports Third Quarter Earnings; TGT reports third quarter Non-GAAP EPS of $1.54, a 49.1% decline from last year and $0.64 miss of estimates. Revenue grew 3.4% to $ 26.52 billion, topping estimates by $120 million. Management believes it is prudent to plan for a wide range of sales outcomes in the fourth quarter, centered around a low-single digit decline in comparable sales, consistent with those recent trends.
- General Dynamics Corporation (GD) was awarded an $181.98M cost-plus-award-fee modification against previously awarded contract, DDG-51 Planning Yard Services.
- United Parcel Service, Inc. (UPS) Completes Acquisition of Bomi Group; UPS announced the closing on its previously announced acquisition of Bomi Group, an industry-leading multi-national healthcare logistics provider. Through the acquisition, the company’s healthcare unit, UPS Healthcare, will add temperature-controlled facilities in 14 countries, and 3,000 highly-skilled employees to the UPS team across Europe and Latin America.
- Metro Inc. (TSE:MRU) Reports 2022 Fourth Quarter Results; MRU reports Non-GAAP EPS of C$0.92, beating analyst estimates by C$0.03 and increased 13.6% year-over-year. Revenue increased 8.3% to C$ 4.43billion, which was C$160 million more than expected.
November 17, 2022
- Neste Corporation (NESTE) to acquire used cooking oil collection and aggregation business; NESTE has agreed to acquire the used cooking oil (UCO) collection and aggregation business and related assets in the United States from Crimson Renewable Energy Holdings, LLC. The transaction is subject to the fulfillment of customary closing conditions and regulatory approval.
- UGI Corporation (UGI) Reports Fiscal 2022 Results; UGI reports Non-GAAP EPS of $2.90, a 2.03% decline from last year but $0.06 ahead of estimates. Revenue grew 35.7% to $ 10.11 billion, topping estimates $ 2.03 billion. Management issued fiscal 2023 adjusted diluted EPS guidance range of $2.85 - $3.15 while reiterating long-term 6% - 10% EPS growth rate target.
- Chevron Corporation (CVX) to acquire full ownership of beyond6 CNG fueling network; CVX announced it signed a definitive agreement to acquire full ownership of Beyond6, LLC and its network of 55 compressed natural gas (CNG) stations across the United States from Chevron’s current B6 co-owners, a subsidiary of Mercuria Energy Trading and B6 CEO Andrew West.
- General Dynamics Corporation (GD) was awarded a $146.73M firm-fixed-price contract for flat-bottom hull Stryker vehicles.
- LyondellBasell Industries N.V. (LYB) Evaluates Propylene Expansion Project; LYB announced it is evaluating the expansion of its propylene production capacity at its Channelview Complex near Houston, TX. The potential expansion would involve building a new propylene facility using LyondellBasell's existing technology to convert ethylene into propylene for use in the production of polypropylene and propylene oxide.
November 18, 2022
- NCC AB (NCC) to build the Junkaremål school in Tranås; NCC, together with AB Tranåsbostäder, is building the new Junkaremål school in Tranås. The project is a turnkey contract in partnering form with an order value of approximately SEK 180 million. The groundbreaking ceremony will take place today, together with Tranås Bostäder and children from every grade of the school.
- Raytheon Technologies Corporation (RTX) was awarded $113.94M modification to a previously awarded, fixed-price incentive contract.
Articles that caught my attention:
- Undervalued Dividend Growth Stock of the Week: Realty Income (O) by Jason Fieber, Mr. Free at 33 at Daily Trade Alert
- 10 of The Best Canadian Dividend Stocks to Buy in November 2022 by Dan Kent at Stocktrades
- Genuine Parts Company: A Time Will Come To Buy This Dividend King by Passive Income Pursuit at Seeking Alpha
- 2 Dividend Champions To Consider: Enbridge And Enterprise Products Partners by Laurentian Research at Seeking Alpha
- McDonald’s Shares Are Currently Overvalued by Financial Freedom Is A Journey
- Is It 2008 Again? [Podcast] by DivGuy at The Dividend Guy Blog
- Ridiculous Dividend Growth From Canadian Oil And Gas Stocks by Dale Roberts at Seeking Alpha
- Averaging Down Stock: What is it? by Dividend Power
- Will AQN Cut The Dividend? by Dividend Earner
- 5 Dividend Investing 101 Lessons You Can Forget Right Now by Tom at Dividends Diversify
- Mastercard Is The Ultimate Recession Blue-Chip Buy by Dividend Sensei at Seeking Alpha
- LyondellBasell Stock: 3 Reasons To Remain Bullish Despite Headwinds by High Yield Investor at Seeking Alpha
- Skyworks Solutions (SWKS) Stock: An Undervalued Chipmaker by Felix Martinez at Dividend Power
- 10 Wide Moat Stocks to Buy Now by Quinn Mohammed at Sure Dividend
- Buffett is Loading Up On This Cheap Stock by Jason Fieber, Mr. Free at 33 at Daily Trade Alert
- Algonquin: 4 Insiders Step Up To Buy by Trapping Value at Seeking Alpha
- The Horizon For Verizon by Brad Thomas at Seeking Alpha
Thanks for stopping by, have a nice next week!
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