Week in Review 28/23

 

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:

July 10, 2023, 2023

• €112.73 – Altria Group, Inc.

July 11, 2023

• €72.22 – Philip Morris International Inc. (PM)

July 13, 2023

• €17.39 – Illinois Tool Works Inc. (ITW)
• €48.88 – Medical Properties Trust, Inc. (MPW)

July 13, 2023

• €27.20 – Global X SuperDividend™ ETF (SDIV)

Week 28: Total net dividends €278.42

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

My Portfolio's Transactions:

July 14, 2023

• I purchased 40 shares of Verizon Communications Inc. (VZ) at $34.25 per share plus commission.

At today's exchange rate, that purchase 40 shares of VZ will increase €69.22 of my expected annual net dividend income and will increase my portfolio's projected annual net dividend income to €21,000.00. With purchase price $34.25 plus commission ($5.61) my yield on cost is 5.28%. After this acquisition, VZ’s weight of my portfolio is about 1.22% and its share of future annual dividend income is approximately 2.06%.

Portfolio Holdings News:

July 11, 2023

• Nutrien Ltd. (NTR) Announces Potash Production Curtailments; NTR announced that it has curtailed production at its Cory potash mine due to the loss of export capacity through Canpotex’s Neptune terminal as a result of the International Longshore and Warehouse Union (ILWU) Canada strike at the Port of Vancouver. Management expects full-year 2023 Potash adjusted EBITDA will fall below the bottom end of its previous guidance range due to factors impacting offshore sales through Canpotex, including the ILWU strike, Portland terminal outage and lower global potash prices than previously anticipated.

July 12, 2023

• Raytheon Technologies Corporation's (RTX) Pratt & Whitney Signs Modification for F117 Engine Sustainment Support Contract for C-17 Globemaster III; Pratt & Whitney, an RTX business, announced today that it has signed a $5.5 billion modification to the previously awarded F117 Engine Sustainment Support contract with the United States Air Force. The contract provides engine services for C-17s operated by the USAF and eight international partners. The sustainment work will be provided between now and the second half of 2027 and will be conducted at Tinker Air Force Base in Oklahoma as well as facilities in San Francisco and Columbus, Georgia.

July 13, 2023

• Duke Energy Corporation (DUK) Raises Dividend; DUK declared a quarterly cash dividend on its common stock of $1.025 per share, an increase of $0.02 or 2%. This dividend is payable on Sept.18, 2023, to shareholders of record at the close of business on Aug.18, 2023.

• PepsiCo, Inc. (PEP) Reports Second-Quarter 2023 Results; PEP reports Non-GAAP EPS of $2.09, beating analyst estimates by $0.13 and increased 12% year-over-year. Revenue of $22.32 billion beats analyst estimates by $590 million and increased 10.3% versus the same quarter last year. For fiscal year 2023, Management now expects to deliver 10 percent organic revenue growth (previously 8 percent), and 12 percent core constant currency EPS growth (previously 9 percent).

• Lockheed Martin Corporation (LMT)has won a $100.04 million modification to previously awarded contract N00024-18-C-5218 to exercise the option and provide funding for Hypervisor Technology Zero AN/SQQ-89A (V) 15 Surface Ship Undersea Warfare Combat Systems and spares in support of the ongoing AN/SQQ-89A (V) 15 development, integration, manufacture, production, and testing.

• T. Rowe Price Group, Inc. (TROW) Reports Preliminary Month-End Assets Under Management For June 2023; TROW reported preliminary month-end assets under management of $1.40 trillion as of June 30, 2023. Preliminary net outflows were $6.7 billion for June 2023 and $20.0 billion for the quarter-ended June 2023.

• TELUS Corporation (TSE:T) Lowers Full-Year Guidance; T has lowered its full-year 2023 guidance, blaming the downgrade on weak spending in the technology sector. The Vancouver-based company said it now forecasts revenue growth this year of 9.5% to 11.5%, down from a previous growth estimate of 11% to 14%.

July 14, 2023

• Kesko Corporation’s (KESKO) sales in June; KESKO's sales in June 2023 totalled €1,101.9 million, representing an increase of 1.3%.

• NCC AB (NCC) to refurbish 236 apartments in North Zealand; NCC has been commissioned by Vores Bolig to refurbish 236 residential units in Frederiksværk in North Zealand, Denmark. The order value is approximately SEK 230 million.

Articles that caught my attention:

• Undervalued Dividend Growth Stock of the Week: Travelers (TRV) by Jason Fieber, Mr. Free at 33, at Daily Trade Alert
• Canadian stocks are dirt cheap on The Sunday Reads by Dale Roberts at Cut the Crap Investing
• Is Walgreens' Dividend Safe? by Simply Safe Dividends
• Random thoughts on the market by Bob at Tawcan
• Bank of America Stock: Tasty Yield by Stone Fox Capital at Seeking Alpha
• The Ultimate Buffett-Style 5% Yielding Dividend Aristocrat Portfolio by Dividend Sensei at Seeking Alpha
• Alimentation Couche-Tard: Profitable Business Model by Charles Fournier at Financial Freedom Is A Journey
• Future Value and the Magic of Compound Interest by Craig Stephens at Retire Before Dad
• 2 Must-Own Dividends For The Energy Crisis by Leo Nelissen at Seeking Alpha
• 4 Summer Dividend Stocks by Prakash Kolli at Dividend Power
• 5 Buy Alerts: The Billionaires Are Wrong, This Is The Next Big Market Move by Robert & Sam Kovacs at Seeking Alpha
• 3 Dividend Growth Stocks to Consider Buying if You’re in Your 30s by Jason Fieber, Mr. Free at 33, at Daily Trade Alert
• Top 10 Financial Ratios for Successful Dividend Investing by Simply Safe Dividends
• Omega Healthcare Vs. Medical Properties: Which High-Yielder Is Better? by Jonathan Weber at Seeking Alpha
• Digital Realty Trust, Inc (DLR) Dividend Stock Analysis by D4L at Dividend Growth Stocks
• Pfizer (PFE) – A Dividend Stock a Steal or a Value Trap? by Lanny at Dividend Diplomats
• 10 Dividend Growth Stocks For July 2023 by FerdiS at Seeking Alpha

Thanks for stopping by, have a nice next week!