Sunday, August 20, 2023

Week in Review 33/23


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:

August 14, 2023

  • €45.22 – ONEOK, Inc. (OKE)
  • €17.76 – Air Products and Chemicals, Inc. (APD)

August 15, 2023

  • €16.77 – Texas Instruments Incorporated (TXN)
  • €47.75 – Kinder Morgan, Inc. (KMI)
  • €15.90 – The Procter & Gamble Company (PG)
  • €80.71 – AbbVie Inc. (ABBV)
  • €20.28 – Ally Financial Inc. (ALLY)
  • €24.30 – Main Street Capital (MAIN)
  • €83.80 – Omega Healthcare Investors, Inc. (OHI)
  • €24.38 – Realty Income Corporation (O)
  • €48.90 – Emera Incorporated (TSE:EMA)

August 18, 2023

  • €49.70 – Unum Group (UNM)

Week 33: Total net dividends €475.47

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

My Portfolio's Transactions:

August 14, 2023

  • I purchased 40 shares of Pembina Pipeline Corporation (PPL.TO) at C$41.90 per share plus commission.

At today's exchange rate, that purchase 40 shares of PPL will increase €54.13 of my expected annual net dividend income and will increase my portfolio's projected annual net dividend income to €21,650.00. With purchase price C$41.90 plus commission (C$11.75) my yield on cost is 5.77%. After this acquisition, PPL’s weight of my portfolio is about 0.75% and its share of future annual dividend income is approximately 1.06%.

Portfolio Holdings News:

August 14, 2023

August 15, 2023

  • The Home Depot, Inc. (HD) Announces Second Quarter Fiscal 2023 Results; HD reports GAAP EPS of $4.65, beating analyst estimates by $0.20 but decreasing 7.9% year-over-year. Revenue decreased 2.0% to $42.92 billion, which was $690 million more than expected. Management authorized a new $15B share repurchase program effective August 15, 2023, replacing its previous authorization. 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.

  • RTX Corporation (RTX) and Lockheed Martin Corporation (LMT) was awarded a $116.99 million modification to contract W31P4Q-19-C-0076 for lightweight command launch units.

  • RTX Corporation (RTX) was awarded a $322.5 million fixed-price-incentive contract to procure Tube-Launched, Optically-Tracked, Wireless-Guided 2B Missiles.

August 16, 2023

  • Intel Corporation (INTC) Announces Termination of Tower Semiconductor Acquisition; INTC announced that it has mutually agreed with Tower Semiconductor (Nasdaq: TSEM) to terminate its previously disclosed agreement to acquire Tower due to the inability to obtain in a timely manner the regulatory approvals required under the merger agreement, dated Feb. 15, 2022. In accordance with the terms of the merger agreement and in connection with its termination, Intel will pay a termination fee of $353 million to Tower.

  • Cisco Systems, Inc. (CSCO) Reports Fourth Quarter And Fiscal Year 2023 Earnings; CSCO reports fourth quarter Non-GAAP EPS of $1.14, 37% above last year's result and $0.08 more than expected. Revenue grew 16% to $15.2 million, topping estimates $150 million. For Q1 2024 Management guides revenue $14.5 billion - $14.7 billion, Non-GAAP operating margin rate 34% - 35% and Non-GAAP EPS $1.02 - $1.04. For FY 2024 revenue $57.0 billion - $58.2 billion and Non-GAAP EPS $4.01 - $4.08.

  • Target Corporation (TGT) Reports Second Quarter Earnings; TGT reports Non-GAAP EPS of $1.80, beating analyst estimates by $0.38 and increased 358% year-over-year. Revenue of $24.77 billion misses analyst estimates by $460 million and decreased 4.9% versus the same quarter last year. Management lowered its full year sales and profit expectations and now expects full-year GAAP and Adjusted EPS of $7.00 to $8.00.

  • Johnson & Johnson (JNJ) Announces Final Exchange Ratio in Split-Off of Kenvue Inc.; JNJ announced the final exchange ratio for its previously announced split-off exchange offer to Johnson & Johnson shareholders to exchange their shares of Johnson & Johnson for shares of common stock of Kenvue Inc. (NYSE: KVUE) (“Kenvue”) currently held by Johnson & Johnson. For each share of Johnson & Johnson common stock, it will deliver 8.0324 shares of Kenvue common stock.

August 17, 2023

  • Lockheed Martin Corporation (LMT) awarded a $622.36 million firm-fixed-price, cost-plus-fixed-fee contract to provide program management, non-recurring unique requirements, and training in support of integration efforts for the government of Germany into the F-35 Joint Strike Fighter program as a Foreign Military Sales customer.

Articles that caught my attention:

Thanks for stopping by, have a nice next week!

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