Week in Review 16/23

 

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:

April 17, 2023

• €12.27 – ConocoPhillips (COP)
• €23.47 – Cardinal Health, Inc. (CAH)
• €23.77 – Main Street Capital Corporation (MAIN)
• €50.91 – W. P. Carey Inc. (WPC)
• €24.33 – Realty Income Corporation (O)
• €0.81 – Orion Office REIT Inc. (ONL)
• €56.41 – BCE Inc. (BCE)

April 21, 2023

• €614.63 – UPM-Kymmene Corporation (UPM)

Week 16: Total net dividends €806.60

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

My Portfolio's Transactions:

April 20, 2023

• I purchased 50 shares of NN Group N.V. (AMS:NN) at €34.42 per share plus commission.

Portfolio Holdings News:

April 17, 2023

• Algonquin Power & Utilities Corp. ( AQN) and American Electric Power Mutually Agree to Terminate Kentucky Power Transaction; AQN announced that Liberty Utilities Co., an indirect subsidiary of AQN, has mutually agreed with American Electric Power (AEP) to terminate the stock purchase agreement regarding Kentucky Power Company and AEP Kentucky Transmission Company, Inc.

April 18, 2023

• Johnson & Johnson (JNJ) Reports Q1 2023 Results; JNJ reports Non-GAAP EPS of $2.68, beating analyst estimates by $0.18 and increased 0.4% year-over-year. Revenue of $24.7 billion beats analyst estimates by $1.09 billion and increased 5.6% versus the same quarter last year. For FY23 Management expect revenue of $97.9B-$98.9 billion and Adjusted EPS of $10.60-$10.70.

• Johnson & Johnson (JNJ) Announces Dividend Increase; JNJ announced that its Board of Directors has declared a 5.3% increase in the quarterly dividend, from $1.13 per share to $1.19 per share. The next quarterly dividend is payable on June 6, 2023 to shareholders of record as of the close of business on May 23, 2023. The ex-dividend date is May 22, 2023.

• Lockheed Martin Corporation (LMT) Reports First Quarter 2023 Financial Results; LMT reports Non-GAAP EPS of $6.43, beating analyst estimates by $0.37 and equal to year-over-year. Revenue grew 0.9% to $15.1 billion, topping estimates $90 million. For FY23 Management guides net sales of $65 to $66 billion and diluted EPS of $26.60 to $26.90.

• Main Street Capital Corporation (MAIN) Announces Preliminary Estimate of First Quarter 2023 Operating Results; MAIN's preliminary estimates of first quarter 2023 net investment income ("NII") is $1.01 to $1.03 per share and distributable net investment income ("DNII"), which is NII before non-cash compensation expenses, is $1.06 to $1.08 per share.

April 19, 2023

• Kinder Morgan, Inc. (KMI) Reports First Quarter 2023 Financial Results; KMI reports Non-GAAP EPS of $0.30, beating analyst estimates by $0.01 but decreasing 6% year-over-year. Revenue of $3.89 billion misses analyst estimates by $960 million and decreased 9.3% versus the same quarter last year. For 2023 Management budgeted net income attributable to KMI of $2.5 billion, $1.12 per share and budgeted 2023 DCF of $4.8 billion, $2.13 per share.

• Kinder Morgan, Inc. (KMI) Increases Dividend; KMI’s board of directors approved a cash dividend of $0.2825 per share for the first quarter ($1.13 annualized), payable on May 15, 2023, to stockholders of record as of the close of business on May 1, 2023. This dividend is a 2% increase over the first quarter of 2022.

• Raytheon Technologies Corporation (RTX) awarded $237 million counter-UAS contract; RTX was awarded a $237 million U.S. Army contract for Ku-band Radio Frequency Sensors (KuRFS) and Coyote® effectors to detect and defeat unmanned aircraft.

• Raytheon Technologies Corporation (RTX) was awarded a $308.45M modification contract for combat system engineering, miscellaneous material, and travel supporting Combat System installation, integration, development, testing, correction, maintenance, and modernization of Zumwalt-class mission systems and mission system equipment.

• Ally Financial Inc. (ALLY) Reports First Quarter 2023 Financial Results; ALLY reports Non-GAAP EPS of $0.82, missing analyst estimates by $0.05 and decreased 59% year-over-year. Revenue of $2.05 billion misses analyst estimates by $20 million and decreased 4.2% versus the same quarter last year. Management is now targeting 2023 adjusted EPS of $3.65 compared with $4 in the prior view.

• Metro Inc. (TSE:MRU) Reports 2023 Second Quarter Results; MRU reports Non-GAAP EPS of C$0.96, beating analyst estimates by C$0.02 and increased 14.3% year-over-year. Revenue grew 6.6% to C$4.55 billion, topping estimates by C$10 million.

April 20, 2023

• AT&T Inc. (T) Reports First-Quarter Results; T reports Non-GAAP EPS of $0.60, beating analyst estimates by $0.01 but decreasing 4.8% year-over-year. Revenue of $30.14 billion misses analyst estimates by $80 million but increased 1.4% versus the same quarter last year.

• Philip Morris International Inc. (PM) Reports 2023 First-Quarter Results; PM reports first quarter Non-GAAP EPS of $1.38, 4.4% below last year's result but $0.04 more than expected. Revenue grew 3.5% to $8.02 billion, missing estimates $10 million. Management expects FY2023 Adjusted Diluted EPS of $6.10 to $6.22.

• Union Pacific Corporation (UNP) Reports First Quarter 2023 Results; UNP reports EPS of $2.67, may not be comparable to consensus of $2.57 and increasing 3.5% year-over-year. Revenue grew 3.4% to $6.06 billion, topping estimates $30 million. Management is maintaining 2023 Full Year Guidance.

April 21, 2023

• Tele2 AB (TEL2) Interim Report First Quarter; TEL2 reports sales of SEK 7,009 million, compared to analysts' average estimate of SEK 7,04 million and increased by 3% organically compared to Q1 2022. Earnings per share of SEK 1.23 misses analyst estimates by SEK 0.43 and decreased 64% year-over-year.

• The Procter & Gamble Company (PG) Announces Fiscal Year 2023 Third Quarter Results; PG reports third quarter Non-GAAP EPS of $1.37, 3% above last year's result and $0.05 more than expected. Revenue of $20.07 billion beats analyst estimates by $750 million and increased 3.5% versus the same quarter last year. Management maintained its outlook for fiscal 2023 diluted net earnings per share growth in the range of in-line to up four percent versus fiscal 2022 EPS of $5.81.

Articles that caught my attention:

• Undervalued Dividend Growth Stock of the Week: Broadridge Financial (BR) by Jason Fieber, Mr. Free at 33, at Daily Trade Alert
• Broadcom: A Dividend Growth Dream by Brad Thomas at Seeking Alpha
• Then and Now – TD Bank by Mark at My Own Advisor
• 2023 Blue Chip Stocks List | 50 Best Blue Chips To Invest In by Bob Ciura at Sure Dividend
• Lockheed Martin Remains Overvalued by Charles Fournier at Financial Freedom Is A Journey
• 10 Dividend Growth Stocks - April 2023 by FerdiS at Seeking Alpha
• One Dangerous Dividend Aristocrat To Ignore And 2 Potentially Set To Soar by Dividend Sensei at Seeking Alpha
• Johnson & Johnson (JNJ) Dividend Stock Analysis 2023 by Dividend Growth Investor
• 3 Bank Stocks for 2023 by Jonathon Weber at Dividend Power
• Dividend Cut Likely For Medical Properties Trust by Colorado Wealth Management Fund at Seeking Alpha
• All 133 Aristocrats Ranked By Dividend Safety by Dividend Sensei at Seeking Alpha
• CIBC Is An Accident Waiting To Happen by Charles Fournier at Dividend Power
• Archer Daniels Midland Company (ADM) Dividend Stock Analysis by D4L at Dividend Growth Stocks
• Trading on Margin and Quarterly Performance Review – March Dividend Income Report by DivGuy at The Dividend Guy Blog
• Accenture: This Blue Chip Dividend Grower Looks Attractive, Down 33% From All-Time Highs by Nicholas Ward at Seeking Alpha

Thanks for stopping by, have a nice next week!

Tweet