Week in Review 20/23

 

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:

May 15, 2023

• €47.80 – Kinder Morgan, Inc. (KMI)
• €45.28 – ONEOK, Inc. (OKE)
• €15.92 – The Procter & Gamble Company (PG)
• €81.21 – AbbVie Inc. (ABBV)
• €20.30 – Ally Financial Inc. (ALLY)
• €83.89 – Omega Healthcare Investors, Inc. (OHI)
• €24.49 – Realty Income Corporation (O)

May 16, 2023

• €16.86 – Texas Instruments Incorporated (TXN)
• €49.37 – Emera Incorporated (TSE:EMA)

May 17, 2023

• €24.11 – Main Street Capital (MAIN)

May 18, 2023

• €45.12 – Unum Group (UNM)

Week 20: Total net dividends €454.35

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

Portfolio Holdings News:

May 14, 2023

• ONEOK, Inc. (OKE) to Acquire Magellan Midstream Partners; OKE and Magellan Midstream Partners, L.P. (NYSE: MMP) ("Magellan") today announced that they have executed a definitive merger agreement under which ONEOK will acquire all outstanding units of Magellan in a cash-and-stock transaction valued at approximately $18.8 billion including assumed debt, resulting in a combined company with a total enterprise value of $60.0 billion.

May 15, 2023

• Kesko Corporation's sales in April; KESKO's sales in April 2023 totalled €964.4 million, representing a decrease of 3.8% in comparable terms.

• Power Corporation of Canada (TSE:POW) Reports First Quarter 2023 Financial Results; POW reports Non-GAAP EPS of C$0.77, missing analyst estimates by C$0.13 but increasing 18.5% year-over-year. Adjusted net asset value per share was C$46.89 at March 31, 2023, compared with C$41.91 at December 31, 2022, an increase of 11.9%.

May 16, 2023

• The Home Depot, Inc. (HD) Announces First Quarter Fiscal 2023 Results; HD reports GAAP EPS of $3.82, beating analyst estimates by $0.03 but decreasing 6.6% year-over-year. Revenue decreased 4.1% to $37.3 billion, which was $1.05 billion less than expected. For FY2023 Management guides sales and comparable sales to decline between 2% and 5% compared to fiscal 2022 and diluted earnings-per-share-percent-decline between 7% and 13% compared to fiscal 2022.

• Amgen Inc. (AMGN) Responds To FTC Action On Proposed Acquisition Of Horizon Therapeutics; AMGN issued the following statement in response to the U.S. Federal Trade Commission's (FTC) complaint seeking to block the company's proposed acquisition of Horizon Therapeutics plc.

May 17, 2023

• Target Corporation (TGT) Reports First Quarter Earnings; TGT reports first quarter Non-GAAP EPS of $2.05, 6.2% below last year's result but $0.29 more than expected. Revenue grew 0.6% to $25.32 billion, topping estimates by $40 million. Management guides Adjusted EPS in the range of $1.30 to $1.70 for Q2 and $7.75 to $8.85 for FY2023.

• Cisco Systems, Inc. (CSCO) Reports Third Quarter Earnings; CSCO reports Non-GAAP EPS of $1.00, beating analyst estimates by $0.03 and increasing 15% year-over-year. Revenue grew 13.5% to $14.57 billion, topping estimates by $210 million. Management guides for FY 2023 10% to 10.5% growth year over year for Revenue and guides GAAP EPS from $2.93 to $2.98, Non-GAAP EPS from $3.80 to $3.82.

May 18, 2023

• Flowers Foods, Inc. (FLO) Reports First Quarter 2023 Results; FLO reports first quarter Non-GAAP EPS of $0.38, 13.6% below last year's result and in line with estimates. Revenue of $1.53 billion misses analyst estimates by $20 million but increased 6.3% versus the same quarter last year. For FY 2023 Management guides sales in the range of approximately $5.086 billion to $5.141 billion representing an increase of approximately 5.8% to 7.0% compared to the prior year period and Adjusted EPS in the range of approximately $1.15 to $1.25.

• Lockheed Martin Corporation (LMT) was awarded a ~$750.55M firm-fixed-price contract for Lot 21 Joint Air-to-Surface Standoff Missile B-2 missiles with containers, tooling and test equipment, and spares. The Missile and Fire Control division was also awarded ~$443.76M firm-fixed-price contract for Lot 7 of Long-Range Anti-Ship Missile, spares, Dummy Air Training Missiles and tooling and test equipment.

• Main Street Capital Corporation (MAIN) Announces New Portfolio Investment; MAIN announce that it recently completed a new portfolio investment totaling $44.0 million in a mid-market leader in information technology ("IT") modernization and digital transformation services for U.S. federal government agencies.

May 19, 2023

• LyondellBasell Industries N.V. (LYB) Increases Quarterly Dividend; LYB announced its Board of Directors has declared a quarterly dividend of $1.25 per share, representing a 5 percent increase over the company's first quarter 2023 dividend. The dividend will be paid June 6, 2023 to shareholders of record May 30, 2023, with an ex-dividend date of May 26, 2023.

Articles that caught my attention:

• Undervalued Dividend Growth Stock of the Week: Williams-Sonoma (WSM) by Jason Fieber, Mr. Free at 33 at Daily Trade Alert
• Banking Crisis – Factors to Look for in a Bank Stock by Lanny at Dividend Diplomats
• Power Corp of Canada by SPBrunner at Investment Talk
• Tractor Supply Company: A Dividend Powerhouse by Leo Nelissen at Seeking Alpha
• 11 Blue-Chips For The Ultimate High-Yield Buffett-Style Dividend Aristocrat Portfolio by Dividend Sensei at Seeking Alpha
• My Dividend Portfolio: 40 Best Stocks for Reliable Dividend Income by Tom at Dividends Diversify
• Top 5 US Stocks to Hold Forever [Podcast] bu DivGuy at The Dividend Guy Blog
• 10 Dividend Growth Stocks - May 2023 by FerdiS at Seeking Alpha
• Better Blue-Chip High Yield Buy: TC Energy Or Enterprise Products Partners by High Yield Investor at Seeking Alpha
• These 4 High-Quality Stocks Yield 5%-Plus and Are Trading at Attractive Long-Term Valuations by Chuck Carnevale of FAST Graphs at Daily Trade Alert
• Coca-Cola (KO) Dividend Safety by Prakash Kolli at Dividend Power
• Buffett’s Been Loading Up On This Super Cheap Stock (NEW POSITION) by Jason Fieber, Mr. Free at 33 at Daily Trade Alert
• What's The Probability Of A Dividend Cut For Medical Properties Trust? by Brad Thomas at Seeking Alpha
• 5 High Yield Stocks With Steady Dividend Growth And An Attractive Valuation by Frederik Mueller at Seeking Alpha
• Walgreens Boots Alliance, Inc. (WBA) Dividend Stock Analysis by D4L at Dividend Growth Stocks

Thanks for stopping by, have a nice next week!