Week in Review 12/23

 

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:

March 20, 2023

• €18.48 – Dominion Energy, Inc. (D)
• €20.33 – Viatris Inc. (VTRS)
• €3.65 – Kontoor Brands, Inc. (KTB)
• €28.28 – Flowers Foods, Inc. (FLO)

March 21, 2023

• €17.60 – V.F. Corporation (VFC)
• €61.69 – Manulife Financial Corporation (TSE:MFC)

March 23, 2023

• €28.62 – Unilever PLC (AMS:UNA)
• €13.02 – QUALCOMM Incorporated (QCOM)
• €21.74 – The Home Depot, Inc. (HD)
• €22.88 – Raytheon Technologies Corporation (RTX)

Week 12: Total net dividends €236.29

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

Portfolio Holdings News:

March 21, 2023

• Brookfield Renewable Partners (BEP, BEPC) buys out KKR’s stake in Spanish solar company; BEP will take full control of Madrid-based renewables developer X-Elio in a bid to further expand its global footprint. Financial details were not disclosed, but Financial Times reports the deal would value X-Elio at nearly $2B.

March 22, 2023

• UPM-Kymmene Corporation (UPM) plans capacity reduction in Schongau and accelerates its exit plan in Steyrermühl; UPM plans to permanently close paper machine 6 at UPM Schongau, Germany, reducing the annual capacity of uncoated publication papers by 165,000 tonnes by the end of Q2 2023. UPM also accelerates the earlier announced stop of production at its Steyrermühl mill by six months. The exit of a total annual capacity of 320,000 tonnes of newsprint will take place already by the end of Q2 2023.

• Raytheon Technologies Corporation (RTX) was awarded a $234.07M firm-fixed-price modification to a previously awarded contract to exercise options for the Over-the-Horizon Weapon System.

March 23, 2023

• General Mills, Inc. (GIS) Reports Fiscal 2023 Third-Quarter Results And Raises Full-Year Outlook; GIS reports third quarter Non-GAAP EPS of $0.97, 17% above from last year and $0.05 ahead of estimates. Revenue grew 13.0% to $5.13 billion, topping estimates by $160 million. For FY2023 Management expect adjusted operating profit to increase 7 to 8 percent in constant currency, compared to the previous range of up 6 to 7 percent and adjusted diluted EPS to increase 8 to 9 percent in constant currency, compared to the previous range of up 7 to 8 percent.

• General Dynamics Corporation (GD) was awarded a $1.8B firm-fixed-price contract for flight simulation training services.

• Raytheon Technologies Corporation (RTX) awarded $320 million for StormBreaker smart weapon; The U.S. Air Force awarded RTX a $320 million contract to produce and deliver 1500 StormBreaker® smart weapons, which are air-to-surface, network enabled weapons that can engage moving targets in all weather conditions using its multi-effects warhead and tri-mode seeker.

• Air Products and Chemicals, Inc. (APD) Confirms Withdrawal from Indonesia Coal Gasification; APD confirmed that it is no longer involved in the coal-to-methanol Bengalon, East Kalimantan, Indonesia project, nor in other coal gasification projects in Indonesia.

Articles that caught my attention:

• Undervalued Dividend Growth Stock of the Week: Lowe’s (LOW) by Jason Fieber, Mr. Free at 33, at Daily Trade Alert
• I don’t like banks, but I’m guilty of buying a financial stock that trades at 8% yield by European Dividend Growth Investor
• Banks Failing, Interest Rates Rising – Keep Buying Assets by Lanny at Dividend Diplomats
• Very Good News For REIT Investors by Jussi Askola at Seeking Alpha
• TD Bank Is A Top 10 North American Bank by Charles Fournier at Dividend Power
• I’m single – is it possible to retire at age 55? by Mark at My Own Advisor
• Enbridge Inc by SPBrunner at Investment Talk
• 3 No-Brainer High-Yield Blue-Chip Buys by Dividend Sensei at Seeking Alpha
• American Tower: Time To Buy This ATM (At The Market) by Gen Alpha at Seeking Alpha
• Top 40 High-Yield Blue-Chip UK Stocks: Spring 2023 by John Kingham at UKValueInvestor
• Crown Castle: Growth Story Done, Look Under $100 by Trapping Value at Seeking Alpha
• General Dynamics (GD) Dividend Stock Analysis by D4L at Dividend Growth Stocks
• 5 Stocks Growing Their Dividends Over 20% Per Year by Jason Fieber, Mr. Free at 33, at Daily Trade Alert
• 50 High-Dividend Stocks | How To Invest For High Yields by Ben Reynolds at Sure Dividend
• Altria: Multiple Disappointments From Investor Day by Librarian Capital at Seeking Alpha
• Genuine Parts’ Valuation is Compelling by Charles Fournier at Financial Freedom Is A Journey

Thanks for stopping by, have a nice next week!

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