Week in Review 3/23

 

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 16, 2023

• € 14.46 – ConocoPhillips (COP)
• € 20.14 – Main Street Capital (MAIN)
• € 18.35 – Nutrien Ltd. (NTR)
• € 101.26 – Digital Realty Trust, Inc. (DLR)
• € 51.33 – W. P. Carey Inc. (WPC)
• € 21.39 – Realty Income Corporation (O)

January 17, 2023

• € 23.84 – Cardinal Health, Inc. (CAH)
• € 0.83 – Orion Office REIT Inc. (ONL)
• € 54.55 – BCE Inc. (BCE)
• € 80.95 – Algonquin Power & Utilities Corp. (AQN)

Week 3: Total net dividends € 387.10

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

My Portfolio's Transactions:

January 18, 2022

• I purchased 15 shares of Realty Income Corporation (O) at $65.95 per share plus commission.

January 19, 2022

• I purchased 25 shares of Main Street Capital Corporation (MAIN) at $38.70 per share plus commission.

Portfolio Holdings News:

January 16, 2023

• Avista Corporation (AVA) and NorthWestern Energy enter into strategic transaction of Colstrip, Montana assets; AVA and NorthWestern Energy announce an agreement through which Avista will turn over its interest in the Colstrip coal-fired power plant to NorthWestern on December 31, 2025. Through the transaction, NorthWestern will assume ownership of the 222 MW generating capacity that is currently owned by Avista, along with its related interest in the plant, plant equipment, rights and obligations.

January 17, 2023

• Kesko Corporation’s (KESKO) sales grew in December; KESKO Group's sales totalled €968.2 million in December 2022, an increase of 1.8% in comparable terms.

• General Dynamics Corporation (GD) is awarded an ~$149.45M firm-fixed-price contract action for maintenance, modernization and repair of USS Arlington (LPD 24) fiscal 2023 docking selected restricted availability.

• Emerson Electric Co. (EMR) Announces Premium, All-Cash Proposal to Acquire National Instruments; EMR announced that it submitted a proposal to the Board of Directors of National Instruments (“NI”) (NASDAQ: NATI) to acquire NI for $53 per share in cash at an implied enterprise value of $7.6 billion.

• Main Street Capital Corporation (MAIN) Announces Preliminary Estimate of Fourth Quarter 2022 Operating Results; MAIN sees distributable net investment income, which is net interest income before non-cash compensation expenses, rising to $1.02-$1.04 per share from $0.88 in Q3. As of Dec. 31, 2022. it estimated net asset value to be $26.83-$26.89 per share, representing an increase from the $25.94 NAV per share as of Sept. 30, 2022.

January 18, 2023

• Kinder Morgan, Inc. (KMI) Reports Fourth Quarter Earnings; KMI reports Non-GAAP EPS of $0.31, beating analyst estimates by $0.01 and increased 15% year-over-year. Revenue of $4.58 billion misses analyst estimates by $280 million but increased 3.4% versus the same quarter last year. KMI board of directors approved an increase in KMI’s share repurchase authorization from $2.0 billion to $3.0 billion. Management also budgeted to generate 2023 DCF of $4.8 billion ($2.13 per share) and Adjusted EBITDA of $7.7 billion.

• ONEOK, Inc. (OKE) Increases Quarterly Dividend; The board of directors of OKE increased ONEOK's quarterly dividend to 95.5 cents per share, an increase of 2%. This increase results in an annualized dividend of $3.82 per share.

January 19, 2023

• WEC Energy Group, Inc. (WEC) raises quarterly dividend by 7.2 percent; WEC declared a quarterly cash dividend of 78 cents per share on the company's common stock, an increase of 7.2 percent over the current quarterly dividend of 72.75 cents per share. This raises the annual dividend rate to $3.12 per share. Dividend is payable March 1, 2023, to stockholders of record on Feb. 14, 2023.

• TD Bank Group (TD) Comments on Expected Impact of the Charles Schwab Corporation's Fourth Quarter Earnings; TD expects its investment in Charles Schwab (NYSE:SCHW) to result in approximately C$285M (US$211M) reported equity in net income for TD's Q1 FY2023 results. In the previous quarter, Schwab added approximately C$290M to TD's results.

January 20, 2023

• Ally Financial Inc. (ALLY) reports fourth quarter and full year 2022 financial results; ALLY reports fourth quarter Non-GAAP EPS of $1.08, an 87% decline from last year but $0.07 ahead of estimates. Revenue of $2.2 billion beats analyst estimates by $140 million and and was the same as a year earlier.

Articles that caught my attention:

• Undervalued Dividend Growth Stock of the Week: Linde (LIN) by Jason Fieber, Mr. Free at 33, at Daily Trade Alert
• Is short-termism hurting your investment? by Bob at Tawcan
• 2023 Dividend Aristocrats List: All 65 + Our Top 5 Picks by Simply Safe Dividends
• My Crazy 8 Stocks Teach The Market A Lesson From 2020 by Dale Roberts at Seeking Alpha
• SCHD vs. VIG: Which Dividend Growth ETF Fits in Your Portfolio? by Steve Cummings at Dividend Power
• AbbVie : To Buy Or Not To Buy by RoseNose at Seeking Alpha
• Blue-Chip Stocks And Red Flags - Things To Consider In Your Due Diligence by Deep Value Ideas at Seeking Alpha
• Live Off Dividends With 2 Big Income Picks by Rida Morwa at Seeking Alpha
• 2023 Financial Goals by Mark at My Own Advisor
• High Dividend 50: Manulife Financial Corporation by Nikolaos Sismanis at Sure Dividend
• 7 Dividend Growth Stocks For January 2023 by FerdiS at TheStreet.com
• Medical Properties Trust: Developing News Should Ease Dividend Fears by Steven Fiorillo at Seeking Alpha
• Opportunity: These 5 Dividend Growth Stocks Have Seen Their Prices Collapse by Jason Fieber, Mr. Free at 33 , at Daily Trade Alert
• National Bank of Canada by SPBrunner at Investment Talk
• 10 of the Best Blue Chip Canadian Stocks to Buy in January 2023 by Dylan Callaghan at Stocktrades
• Procter & Gamble (PG) Dividend Stock Analysis by D4L at Dividend Growth Stocks
• Scotiabank (BNS) Is A Terrible Long-Term Investment by Charles Fournier at Dividend Power

Thanks for stopping by, have a nice next week!

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