Week in Review 2/23

 

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:

January 9, 2023

• € 79.83 – PepsiCo, Inc. (PEP)
• € 33.55 – Global X SuperDividend ETF (SDIV)

January 10, 2023

• € 116.12 – Altria Group, Inc. (MO)

January 12, 2023

• € 74.10 – Philip Morris International Inc. (PM)
• € 18.02 – Illinois Tool Works Inc. (ITW)
• € 50.16 – Medical Properties Trust, Inc. (MPW)

Week 2: Total net dividends € 371.78

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

Portfolio Holdings News:

January 9, 2023

• Chevron Corporation (CVX), Raven SR and Hyzon Motors collaborate to produce hydrogen from green waste; Hyzon Motors saying it is collaborating with CVX and renewable fuels company Raven SR Inc. to commercialize operations of a green waste-to-hydrogen production facility intended to supply hydrogen fuel to transportation markets in northern California.

• Lockheed Martin Corporation (LMT); Canada Announces The Procurement Of The F-35 Lightning II; The Government of Canada announced today it is procuring Lockheed Martin's 5th Generation F-35 Lightning II aircraft as a result of the Future Fighter Capability Project competition. The Royal Canadian Air Force will receive 88 F-35A multirole stealth fighters, a sustainment solution tailored to Canada's sovereign requirements and a comprehensive training program.

• Lockheed Martin Corporation (LMT) was awarded a $260.8M cost-plus-incentive-fee and cost-plus-fixed-fee unpriced letter contract modification to a previously awarded unpriced letter contract to provide program management, engineering development, systems integration, long lead material, and special tooling and equipment in support of missile production.

• W. P. Carey Inc. (WPC) Announces 2022 Investment Volume of $1.42 Billion; WPC announced investment volume for the 2022 full year of $1.42 billion. "We believe this sets up an environment in 2023 conducive to higher investment activity at wider spreads," Fox said. W.P. Carey (WPC) currently has more than $500M of opportunities at advanced stages or under letters of intent, he added.

• Realty Income Corporation (O) Prices $1.1 Billion Offering of Dual-Tranche Senior Unsecured Notes; O prices a public offering of $500M of 5.05% senior unsecured notes due January 13, 2026, which are callable at par on January 13, 2024, and $600M of 4.85% senior unsecured notes due March 15, 2030.

January 10, 2023

• NCC AB (NCC) to build Hokksund Treatment Plant in Norway; On behalf of Övre Eiker Municipality in south-eastern Norway, NCC has been contracted to build the new Hokksund Treatment Plant. Construction will commence in early 2023 and the order value is approximately SEK 350 million.

January 12, 2023

• T. Rowe Price Group, Inc. (TROW) Reports Preliminary Month-End Assets Under Management for December 2022; TROW reported preliminary month-end assets under management of $1.28 trillion as of December 31, 2022. Preliminary net outflows for the fourth quarter of 2022 were $17.1 billion, bringing preliminary year-to-date net outflows to $61.7 billion.

• Ares Capital Corporation (ARCC) Prices Public Offering; ARCC announced that it has priced a public offering of 10,500,000 shares of its common stock. The offering was upsized from its previously announced offering size of 9,000,000 shares. Ares Capital has granted the underwriters an option to purchase up to an additional 1,575,000 shares of common stock. The offering is subject to customary closing conditions and is expected to close on January 18, 2023.

• Algonquin Power & Utilities Corp. (AQN) Cuts Dividend and Provides Business Update; Effective for its first quarter 2023 dividend (expected to be payable in April 2023), AQN intends to lower its quarterly dividend from $0.1808 to $0.1085 per common share, improving financial flexibility. AQN intends to refocus its portfolio by targeting approximately $1 billion of additional asset sales. Management expects Adjusted Net Earnings per common share, excluding gains or losses on asset sales, of $0.55 to $0.61 for the 2023 fiscal year.

• Canadian Utilities Limited (TSE:CU) Increased Quarterly Dividend; The Board of Directors of CU, an ATCO Company, declared a first quarter dividend of 44.86 cents per common share, a one percent increase over the 44.42 cents paid in each of the four previous quarters. This common share dividend is payable March 1, 2023, to shareholders of record on February 2, 2023.

January 13, 2023

• Neste Corporation’s (NESTE) acquisition of used cooking oil collection and aggregation business from Crimson Renewable Energy in the United States is completed; In November 2022, NESTE announced that it would acquire the used cooking oil (UCO) collection and aggregation business and related assets on the US West Coast from Crimson Renewable Energy Holdings, LLC. The acquisition has been approved by regulatory authorities, and the transaction has been closed.

• Medical Properties Trust, Inc. (MPW) Announces That Pipeline Health Will Assume the Existing Terms of Its Los Angeles Hospital Master Lease; MPW announced that the assumption of its master lease of four Los Angeles area hospitals and two medical office buildings by Pipeline Health (“Pipeline”) has been approved as part of Pipeline’s successful confirmation of its plan of reorganization (the “Plan”), which provides for Pipeline’s exit from bankruptcy proceedings. The pre-bankruptcy lease rate, annual escalator, remaining term of approximately 18 years and other material lease provisions remain unchanged.

Articles that caught my attention:

• Undervalued Dividend Growth Stock of the Week: Comcast (CMCSA) by Jason Fieber, Mr. Free at 33, at Daily Trade Alert
• Best ETFs in Canada – Building wealth via ETF investing by Bob at Tawcan
• 10 Best Low Cost Index Funds To Buy in 2023 by LK at Dividend Power
• Exxon Mobil Stock: Nowhere To Go But Down by David Alton Clark at Seeking Alpha
• 3M: Is This Beleaguered High-Yield Dividend King A Buy? by Jonathan Weber at Seeking Alpha
• The '2023 Recession': Why So Certain? (+3 Dividend Buys) by Robert & Sam Kovacs at Seeking Alpha
• Dave Van Knapp’s Dividend Growth Portfolio – Review of 2022 and Preview of 2023 by David Van Knapp at Daily Trade Alert
• Income Needs and Wants in Retirement by Mark at My Own Advisor
• 2022 was a record year for US dividends by Dividend Growth Investor
• Top 6 Stocks for 2023 [Podcast] by DivGuy at The Dividend Guy Blog
• 15 Stocks for Monthly Cash Flow From Dividends by Nathan Parsh at Sure Dividend
• American Tower Or Crown Castle: Both Attractive With Growing Dividends by Cash Builder Opportunities at Seeking Alpha
• ONEOK: Buy This 5.4% Yielding Retirement Dream Blue-Chip by Dividend Sensei at Seeking Alpha
• 3 Best Buy and Hold Dividend Stocks for 2023 by Aristofanis Papadatos at Dividend Power
• Lockheed Martin Corp. (LMT) Dividend Stock Analysis by D4L at Dividend Growth Stocks
• Algonquin: Brace For Chaos But Don't Run by JR Research at Seeking Alpha

Thanks for stopping by, have a nice next week!

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