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 29, 2023
- €14.61 – Starbucks Corporation (SBUX)
- €13.37 – WestRock Company (WRK)
- €17.95 – Eaton Corporation plc (ETN)
May 31, 2023
- €352.53 – Sampo plc (SAMPO)
- €13.20 – LTC Properties, Inc. (LTC)
June 1, 2023
- €34.69 – Intel Corporation (INTC)
- €8.14 – WEC Energy Group, Inc. (WEC)
- €39.01 – Pinnacle West Capital Corporation (PNW)
- €10.64 – ConocoPhillips (COP)
- €73.15 – United Parcel Service, Inc. (UPS)
- €21.86 – Aflac Incorporated (AFL)
- €8.54 – Metro Inc. (TSE:MRU)
- €89.69 – Enbridge Inc. (ENB)
- €49.78 – Fortis Inc. (FTS)
- €37.20 – Canadian Utilities Limited (TSE:CU)
Week 22: Total net dividends €784.36
Dividend income is reported after the deduction of taxes. Check more at my Monthly Dividend sheet.
My Portfolio's Transactions:
May 31, 2023
- I purchased 40 shares of UGI Corporation (UGI) at $27.56 per share plus commission.
At today's exchange rate, that purchase 40 shares of UGI will increase €41.68 of my expected annual net dividend income and will increase my portfolio's projected annual net dividend income to €21,70.00. With purchase price $27.56 plus commission ($5.34) my yield on cost is 4.75%. After this acquisition, UGI’s weight of my portfolio is about 0.49% and its share of future annual dividend income is approximately 0.58%.
Portfolio Holdings News:
May 30, 2023
- Pembina Pipeline Corporation (TSE:PPL) Announces Agreement with Marubeni Corporation to Develop a Low Carbon Ammonia Project; PPL is pleased to announce the signing of a Memorandum of Agreement ("MOA") with Marubeni Corporation, to progress an end-to-end, low-carbon ammonia supply chain from Western Canada to Japan and other Asian markets. The Project includes the joint development of a world-scale, low-carbon hydrogen and ammonia production facility to be sited on Pembina-owned lands adjacent to its Redwater Complex in the Alberta Industrial Heartland near Fort Saskatchewan, Alberta.
May 31, 2023
- Verizon Communications Inc. (VZ) lands $145.7M digital modernization contract with United States Postal Service; VZ announced a 10-year contract worth up to $145,700,000 with the United States Postal Service (USPS). The award builds on Verizon’s existing technology and positions Verizon as the USPS’ key strategic contact center and customer experience partner.
- Kinder Morgan, Inc. (KMI) to Increase Storage Capacity on Its Texas Intrastate System; KMI announced its plan to expand the working gas storage capacity at its Markham Storage facility in Matagorda County along the Texas Gulf Coast. KMI has reached an agreement with Underground Services Markham, LLC, a subsidiary of Texas Brine Company LLC, to lease an additional cavern at Markham to provide more than 6 billion cubic feet (Bcf) of incremental working gas storage capacity and 650 million cubic feet per day (MMcf/d) of incremental withdrawal capacity on KMI’s extensive Texas intrastate pipeline system.
- Blackstone closes on majority stake in Emerson Electric's Co. (EMR) Climate Technologies; EMR announced that private equity funds managed by Blackstone have completed the previously announced acquisition of a majority stake in Emerson’s Climate Technologies business in a transaction valuing the business at $14.0 billion. This closing marks a significant milestone in the HVAC and refrigeration industry leader’s journey to advance the next generation of climate technologies.
- LyondellBasell Industries N.V. (LYB) Announces Delay in Refining Business Exit; LYB announced plans to delay its refining business exit from year-end 2023 to no later than the end of the first quarter 2025, citing favorable inspections and consistent performance at the Houston site that has provided confidence in maintaining safe and reliable operations.
June 1, 2023
- Altria Group, Inc. (MO) Completes Acquisition of NJOY Holdings, Inc.; MO announces that we have completed our acquisition of NJOY Holdings, Inc. MO also updated its full-year EPS guidance range to factor in planned investments behind the U.S. commercialization of NJOY ACE. The company now expects full-year adjusted EPS to fall in a range of $4.89 to $5.03 . On the buyback front, the plan for $1B in repurchases in 2023 is said to be on track.
- Lockheed Martin Corporation's (LMT) Missile and Fire Control, Orlando, has been awarded a $240M undefinitized contract for the Joint Air-to-Surface Standoff Missile AGM-158D development, test, and integration.
- Raytheon Technologies Corporation (RTX) was awarded an indefinite-delivery/indefinite-quantity contract with a maximum amount of $621.4M.
- LyondellBasell Industries N.V. (LYB) Pursues New Electric Furnace Technology, Collaborates with Technip Energies and ChevronPhillips; LYB announced it has signed a memorandum of understanding (MOU) with Technip Energies and Chevron Phillips Chemical to potentially design, construct and operate a demonstration unit using Technip Energies' electric steam cracking furnace technology (eFurnace by T.EN™). A joint development agreement is expected to be signed later this year.
Articles that caught my attention:
- Undervalued Dividend Growth Stock of the Week: BlackRock (BLK) by Jason Fieber, Mr. Free at 33, at Daily Trade Alert
- Buying the big Canadian banks, plus the debt ceiling on the Sunday Reads by Dale Roberts at Cut the Crap Investing
- 4 Expected Dividend Increases in June 2023 by Bert at Dividend Diplomats
- Mastercard: A Dividend Growth Case Study by Tradevestor at Seeking Alpha
- How to avoid dividend traps with excessive debts by John Kingham at UK Dividend Stocks
- This “A”-Rated Stock Now Yields 7% and Offers a Great Margin of Safety by James Long and Chuck Carnevale, FAST Graphs at Daily Trade Alert
- Brookfield Infrastructure Vs. Renewable: Market Inefficiency At Its Finest by Trapping Value at Seeking Alpha
- My Best Dividend Aristocrats For June 2023 by Dividend Yield Theorist at Seeking Alpha
- Beware of Those Mistakes at Retirement [Podcast] by DivGuy at The Dividend Guy Blog
- 5 Dividend Stocks Worth Considering At 12-Month Lows by ValueWalk at Sure Dividend
- Carlisle Companies (CSL) Dividend Stock Analysis by Dividend Growth Investor
- Williams-Sonoma (WSM): A High-Quality Retailer by Prakash Kolli at Dividend Power
- Sell Alert: 2 Crowd Favorite Dividend Stocks To Dump And 2 Replacement Stocks by Robert & Sam Kovacs at Seeking Alpha
- 10 Dividend Aristocrats For The Ultimate 6% Yielding Retirement Portfolio by Dividend Sensei at Seeking Alpha
- Automatic Data Processing Inc. (ADP) Dividend Stock Analysis by D4L at Dividend Growth Stocks
- Intact Financial – Attractive Total Shareholder Return Potential by Charles Fournier at Financial Freedom Is A Journey
- Is TD Bank Stock a Good Buy in 2023? by Million Dollar Journey
Thanks for stopping by, have a nice next week!
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