Week in Review 23/23

 

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:

June 5, 2023

• €3.12 – Visa Inc. (V)
• €31.99 – Magna International Inc. (MGA)

June 6, 2023

• €49.74 – Johnson & Johnson (JNJ)

June 7, 2023

• €26.56 – Archer-Daniels-Midland Company (ADM)

June 8, 2023

• €14.75 – Amgen Inc. (AMGN)
• €52.13 – LyondellBasell Industries N.V. (LYB)

June 9, 2023

• €71.19 – Pfizer Inc. (PFE)
• €21.55 – Emerson Electric Co. (EMR)

Week 23: Total net dividends €271.03

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

Portfolio Holdings News:

June 5, 2023

• Cardinal Health, Inc. (CAH) announces the merger of its Outcomes™ business into Transaction Data Systems and related partnership; CAH plans to merge its Outcomes digital health solutions business into Transaction Data Systems, or TDS, in exchange for a minority stake in the combined company.

• Lockheed Martin Corporation (LMT) has been awarded a $122.21M modification to contract FA8810-18-C-0005 to plan and prepare for post-launch activities for all three Next Generation Overhead Persistent Infrared Geosynchronous Space Vehicles.

• Raytheon Technologies Corporation (RTX) has awarded a $263.72M modification to a previously awarded fixed-price incentive contract.

• Raytheon Technologies Corporation (RTX) doing business as Pratt and Whitney Military Engines, East Hartford, Connecticut, is awarded a $2.02B fixed-price-incentive-firm, cost-plus-incentive-fee, cost reimbursable modification to a previously awarded contract.

• Digital Realty Trust, Inc. (DLR) Provides Funding Plan Update; DLR announced the sale of a non-core data center in Texas. Digital Realty realized approximately $150 million of net proceeds from the sale of its 100% interest in the data center, which was originally acquired in 2012 and leased as a powered shell facility. The property was sold at a 4.4% cap rate, based on projected 2023 net operating income and generated a capital gain of approximately $88 million.

• LTC Properties, Inc. (LTC) Closes $61.5 Million in New Investments; LTC announced it has invested a total of $61.5 million in two transactions, and completed the previously disclosed transition of a portfolio of eight assisted living communities to an existing LTC operator. The investments include LTC's (LTC) $45.0M investment in a $54.1M joint venture acqusition of a seniors housing campus and a $16.5M investment in a skilled nursing center.

June 8, 2023

• Cardinal Health, Inc. (CAH) Updates Forecast; CAH updated its financial forecast and announced a $3.5B share buyback program. CAH now sees reporting fiscal 2023 adjusted earnings per share of $5.65 to $5.80, narrowed from its prior range of $5.60 to $5.80. Fiscal 2024 adjusted earnings per share are seen at $6.45 to $6.70. CAH also said that its board of directors has authorized the company to buy back up to $3.5B shares by Dec. 31, 2027. The company plans to buy back at least $2B over the next three years.

• Walgreens Boots Alliance, Inc. (WBA) Sells Remaining Shares of Option Care Health; WBA announced that it has sold 10.8 million shares of Option Care Health, Inc. common stock pursuant to Rule 144 for proceeds of approximately $330 million. The company intends to use the proceeds primarily for debt paydown, continued support of WBA’s strategic priorities and transformation to a consumer-centric healthcare company. The transaction is another decisive action WBA is taking to unlock value and further simplify the company’s portfolio.

• Raytheon Technologies Corporation (RTX) is awarded a ~$372.14M cost-plus-fixed-fee, cost reimbursable, firm-fixed-price, ID/IQ contract.

June 9, 2023

• NCC AB (NCC) to build Drömfabriken in Skultuna, Sweden; NCC has been commissioned by the City of Västerås to construct Drömfabriken in Skultuna, Västerås. Drömfabriken will be a meeting place with a new school, library and after-school club. The project is a turnkey contract in partnering form with an order value of approximately SEK 340 million.

Articles that caught my attention:

• Undervalued Dividend Growth Stock of the Week: Tractor Supply (TSCO) by Jason Fieber, Mr. Free at 33, at Daily Trade Alert
• The recession can wait, on the Sunday Reads by Dale Roberts at Cut the Crap Investing
• How to Make $3,000 a Month in Dividends in 7 Simple Steps by Tom at Dividends Diversify
• 2 Blue-Chip REITs At Big Discounts by Jussi Askola at Seeking Alpha
• May 2023 Dividend Income Update by Mark at My Own Advisor
• Should You Average Up? Down? – A Dollar Cost Averaging (DCA) Discussion [Podcast] by DivGuy at The Dividend Guy Blog
• Bank Of Nova Scotia Vs. Toronto-Dominion: High-Yield Showdown (Rating Upgrade) by Jonathan Weber at Seeking Alpha
• Ares Capital's NAV, Valuation, And Dividend Versus 14 BDC Peers - Part 1 (Includes Recommendation For All Covered Peers As Of 6/5/2023) by Scott Kennedy at Seeking Alpha
• Mastercard Is A Compelling Investment by Charles Fournier at Dividend Power
• How To Allocate $25,000 Among My Top 20 Dividend Income Stocks For June 2023 by Frederik Mueller at Seeking Alpha
• 3M Co. (MMM) Dividend Stock Analysis by D4L at Dividend Growth Stocks
• I Just Opened a New Position for My Dividend Growth Portfolio by David Van Knapp, Dividends & Income, at Daily Trade Alert
• Dividend Stock Watch List: Lanny’s June 2023 Edition by Lanny at Dividend Diplomats
• 5 Relatively Safe And Cheap Dividend Stocks To Invest In - June 2023 by Financially Free Investor at Seeking Alpha

Thanks for stopping by, have a nice next week!