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 28, 2022
- € 82.00 – Royal Bank of Canada (RY)
November 30, 2022
- € 17.37 – Eaton Corporation plc (ETN)
- € 13.63 – LTC Properties, Inc. (LTC)
December 1, 2022
- € 104.46 – Intel Corporation (INTC)
- € 7.72 – WEC Energy Group, Inc. (WEC)
- € 40.22 – Pinnacle West Capital Corporation (PNW)
- € 10.83 – ConocoPhillips (COP)
- € 70.33 – United Parcel Service, Inc. (UPS)
- € 3.22 – Visa Inc. (V)
- € 21.46 – Aflac Incorporated (AFL)
December 2, 2022
- € 88.03 – Enbridge Inc. (ENB)
- € 37.31 – Canadian Utilities Limited (TSE:CU)
Week 48: Total net dividends € 496.58
Dividend income is reported after the deduction of taxes. Check more at my Monthly Dividend sheet.
Portfolio Holdings News:
November 28, 2022
- Raytheon Technologies Corporation (RTX) was awarded a $397.68M firm-fixed-price modification to a previously awarded contract to exercise options for FY23 guided missile assemblies, shipping containers, and spare parts in support of the FY21-FY23 Evolved Seasparrow Missile Block 2 full-rate production requirements.
- Main Street Capital Corporation (MAIN) Announces New $240 Million Secured Credit Facility; MAIN has entered into a senior secured revolving credit facility led by Truist Bank. The credit facility provides for $240M of aggregate initial commitments with an accordion feature that allows for increases up to $450M of total commitments from new and existing lenders on the same terms and conditions as the existing commitments.
November 29, 2022
- ConocoPhillips (COP) and QatarEnergy Agree to Provide Reliable LNG Supply to Germany; COP and QatarEnergy announced agreements Tuesday to supply 2M/year metric tons of liquefied natural gas to Germany for 15 years starting in 2026, as Germany seeks to cover future gas needs following the rupture of its energy relationship with Russia.
- Raytheon Technologies Corporation (RTX) is awarded a not-to-exceed ~$511.59M modification (P00025) to a previously awarded cost-plus-incentive-fee, cost-plus-fixed-fee, cost reimbursable, and fixed-price incentive (firm target) undefinitized contract (N0001921C0011) and a not-to-exceed $114.5M cost-plus-fixed-fee undefinitized order (N0001923F0019) against a previously issued basic ordering agreement (N0001921G0005).
- Scotiabank (BNS) Reports Fourth Quarter and 2022 Results; BNS reports fourth quarter Non-GAAP EPS of C$2.06, beating analyst estimates by C$0.09 but decreased 1.9% year-over-year. Revenue of C$7.63 billion misses analyst estimates by C$380 million by decreasing 0.8% versus the same quarter last year. CET1 ratio was 11.5%, down 80 bps from last year.
- Royal Bank of Canada (RY) to strengthen premium Canadian business with agreement to acquire HSBC Canada; RY announced it has entered into an agreement to acquire HSBC Bank Canada ("HSBC Canada"), a premier Canadian personal and commercial bank focused on globally connected clients. Under the terms of the agreement, RBC will acquire 100% of the common shares of HSBC Canada for an all-cash purchase price of $13.5 billion.
- TC Energy Corporation (TRP) provides growth outlook for 2023 and defines funding plan at Investor Day 2022; TRP expects comparable EBITDA to increase by 5%-7% next year but predicts costs related to its long-delayed Coastal GasLink pipeline will rise significantly.
November 30, 2022
- Raytheon Technologies Corporation (RTX) was awarded a $1.22B firm-fixed-price contract for the procurement of National Advanced Surface-to-Air Missile Systems, associated equipment, services and spares in support of the efforts in Ukraine.
- Royal Bank of Canada (RY) Reports Fourth Quarter and 2022 Results; RY reports GAAP EPS of C$2.74, beating analyst estimates by C$0.08 and increased 2% year-over-year. Revenue of C$12.57 billion beats analyst estimates by C$250 million and increased 1.5% versus the same quarter last year. CET1 ratio was 12.6%, down 110 bps from last year.
- Royal Bank of Canada (RY) Increased Quarterly Dividends; RY announced that its board of directors has declared an increase to its quarterly common share dividend of four cents or three per cent, to $1.32 per share, payable on and after February 24, 2023, to common shareholders of record at the close of business on January 26, 2023.
- Enbridge Inc. (ENB) Announces 2023 Financial Guidance and Dividend Increase; ENB Announced 2023 EBITDA guidance of $15.9 billion to $16.5 billion and DCF per share of $5.25 to $5.65 and declared 28th consecutive annual common share dividend increase, raising it by 3.2% to $0.8875 per quarter ($3.55 annualized), effective March 1, 2023.
December 1, 2022
- Lockheed Martin Corporation (LMT) was awarded a $430.93M fixed-price incentive contract for full-rate production of High Mobility Artillery Rocket Systems and support services to satisfy an urgent need to support the Army and various Foreign Military Sales partners.
- Unum Group (UNM) authorizes $200 million share repurchase program for 2023; UNM announced that its board of directors has approved a share repurchase program authorizing the company to repurchase up to $200 million of its common stock from time to time from January 1, 2023 through December 31, 2023. This program follows the company's current share repurchase program, which expires on December 31, 2022.
- Realty Income Corporation (O) Completes $1.7 Billion Sale-Leaseback of Encore Boston Harbor; O announced the closing of the previously announced acquisition of the land and real estate assets of Encore Boston Harbor (Encore) Resort and Casino from Wynn Resorts, Limited (NASDAQ: WYNN), having received all necessary regulatory approvals to close the transaction. Following the completion of the transaction, Wynn Resorts will continue to operate the gaming integrated resort operations of Encore Boston Harbor subject to a triple net lease with Realty Income. The transaction represents Realty Income's first acquisition in the gaming industry.
- TD Bank Group (TD) Reports Fourth Quarter and Fiscal 2022 Results; TD reports Non-GAAP EPS of C$2.18, beating analyst estimates by C$0.14 and increased 4.3% year-over-year. Revenue of C$12.25 billion beats analyst estimates by C$950 million and increased 12% versus the same quarter last year. CET1 ratio was 16.2%, up 100 bps from last year.
- TD Bank Group (TD) Increased Quarterly Dividends; TD declares C$0.96 per share quarterly dividend, 7.9% increase from prior dividend of C$0.89 payable on January 31, 2023, to shareholders of record at the close of business on January 6, 2023.
- Canadian Imperial Bank of Commerce (CM) Reports Fourth Quarter and Fiscal 2022 Results; CM reports Non-GAAP EPS of C$1.39, 17% lower than the prior year and C$0.33 lower than expected. Revenue of C$5.39 billion misses analyst estimates by C$200 million by increasing 6.5% versus the same quarter last year. CET1 ratio was 11.7%, down 10 bps from last year.
- Canadian Imperial Bank of Commerce (CM) Increases Dividends for the Quarter Ending January 31, 2023; CM announced that its Board of Directors declared a dividend of $0.85 per share on common shares for the quarter ending January 31, 2023, an increase of two cents from the previous quarter. This dividend is payable on January 27, 2023 to shareholders of record at the close of business on December 28, 2022.
December 2, 2022
- UGI Corporation (UGI) Provides Update on its French Energy Marketing Business; Reaffirms Fiscal 2023 Guidance; UGI said extended negotiations with a potential buyer for its French energy marketing business have been discontinued, and the company no longer expects to sell the business in Q1 2023. Reaffirms Fiscal 2023 adjusted diluted EPS guidance of $2.85 - $3.15 and reinforces long-term financial commitments of 6% - 10% EPS growth and 4% dividend growth.
Articles that caught my attention:
- Undervalued Dividend Growth Stock of the Week: Cisco (CSCO) by Jason Fieber, Mr. Free at 33, at Daily Trade Alert
- Target: Avoid This Stock or Buy This Stock on Sale This Cyber Monday? by Bert at Dividend Diplomats
- Why dividend investing works for us by Bob at Tawcan
- Broadcom: Quality Company, Safe And Rising Dividend, But Almost A Sell by Risk Research Inc at Seeking Alpha
- Better Blue Chip BDC Buy: Ares Capital Or Main Street? by Samuel Smith at Seeking Alpha
- The Highest Quality Dividend Achievers by FerdiS at Seeking Alpha
- 7 Dividend Investing Goals Dividend Investors Should Set Now by Tom at Dividends Diversify
- 10 Top Electric Utility Stocks For Reliable Dividends by Nathan Parsh at Sure Dividend
- 6 Dividend Kings With Weak Kingdoms [Podcast] by DivGuy at The Dividend Guy Blog
- No Brainer Dividend Stocks for the End of 2022 by Prakash Kolli at Dividend Power
- 2022 High Dividend Stocks: Top 25 Ideas Yielding 4%+ by Simply Safe Dividends
- 8 of the Top Canadian Value Stocks to Buy in December 2022 by Dylan Callaghan at Stocktrades
- Caterpillar, Inc. (CAT) Dividend Stock Analysis by D4L at Dividend Growth Stocks
- V.F. Corp At 6% Yield Is Too Cheap To Ignore by Gen Alpha at Seeking Alpha
- My Top 15 High Growth Dividend Stocks For December 2022 by Dividend Yield Theorist at Seeking Alpha
- Top 5 Stocks to Buy Now — December 2022 Edition by Jason Fieber, Mr. Free at 33, at Daily Trade Alert
- How to become a successful dividend investor by Dividend Growth Investor
- Monthly Review Of DivGro: October 2022 by FerdiS at DivGro
- Get Ready To Buy Broadcom And Texas Instruments With Both Hands by Dividend Sensei at Seeking Alpha
Thanks for stopping by, have a nice next week!
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