Sunday, August 27, 2023

Week in Review 34/23


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 24, 2023

  • €13.28 – WestRock Company (WRK)
  • €82.49 – Royal Bank of Canada (RY)

August 25, 2023

  • €17.77 – Eaton Corporation plc (ETN)

Week 34: Total net dividends €113.54

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

My Portfolio's Transactions:

August 21, 2023

  • I purchased 30 shares of Realty Income Corporation (O) at $56.60 per share plus commission.

At today's exchange rate, that purchase 30 shares of Realty Income will increase €63.38 of my expected annual net dividend income and will increase my portfolio's projected annual net dividend income to €21,775.00. With purchase price $56.60 plus commission ($8.71) my yield on cost is 4.76%. After this acquisition, Realty Income’s weight of my portfolio is about 1.38% and its share of future annual dividend income is approximately 1.65%.

Portfolio Holdings News:

August 21, 2023

  • Lockheed Martin Corporation (LMT) and Lockheed Martin Aeronautics was awarded a $347.44 million firm-fixed-price modification to a previously awarded indefinite-delivery/indefinite-quantity contract.

August 22, 2023

  • Dominion Energy, Inc. (D) break ground on solar and energy storage project at Dulles International Airport; D and the Metropolitan Washington Airports Authority (MWAA) were joined by federal, state and local leaders today to break ground on the Dulles Solar and Storage project at Dulles International Airport. Once completed, it will be the largest renewable energy project ever developed at a U.S. airport. It will generate up to 100 megawatts (MW) of solar energy and store up to 50 MW of power, enough clean energy to power more than 37,000 Virginia homes at peak output. All the energy produced will serve Dominion Energy Virginia customers.

  • Lockheed Martin Corporation (LMT) and Lockheed Martin Aeronautics has secured a not-to-exceed $606.8 million fixed-price incentive (firm-target) undefinitized modification to a previously awarded advanced acquisition contract.

August 23, 2023

  • Kesko Corporation (KESKO) acquires the Danish builders’ merchant Davidsen and enters Denmark; KESKO has agreed to acquire Davidsen Koncernen A/S, one of the largest builders’ merchants in Denmark. The Davidsen acquisition is Kesko’s first step into Denmark’s sizable €5.7 billion building and home improvement market, which is more than 1.5 times the size of the Finnish market. The agreed debt-free enterprise value for 100% of the company is approximately €190 million (DKK 1,417.15 million), of which Kesko will now acquire 90%, which equals approximately €170 million.

August 24, 2023

  • Altria Group, Inc. (MO) Increases Quarterly Dividend; MO announced that Board of Directors voted to increase our regular quarterly dividend by 4.3% to $0.98 per share versus the previous rate of $0.94 per share. The quarterly dividend is payable on October 10, 2023 to shareholders of record as of September 15, 2023. The ex-dividend date is September 14, 2023.

  • Lockheed Martin Corporation (LMT) was awarded a $315.94 million cost-plus-incentive-fee contract modification for options under a previously awarded contract for the design, development, build, and integration of equipment for missile flight test demonstrations and fielding.

  • Royal Bank of Canada (RY) Reports Third Quarter 2023 Results; RY reports Non-GAAP EPS of C$2.84, beating analyst estimates by C$0.13 and increasing 11% year-over-year. Revenue grew 19.5% to C$14.49 billion, topping estimates C$1.43 billion. CET1 ratio was 14.1% an increase of 40 basis points from the prior quarter.

  • The Toronto-Dominion Bank (TD) Reports Third Quarter 2023 Results; TD reports Non-GAAP EPS of C$1.99, beating analyst estimates by C$0.01 but decreasing 4.78% year-over-year. Revenue of C$13.01 billion beats analyst estimates by C$1.02 billion and increased 12.2% versus the same quarter last year. CET1 ratio was 15.2%, compared with 15.3% at the end of the prior quarter.

August 25, 2023

Articles that caught my attention:

Thanks for stopping by, have a nice next week!

No comments:

Post a Comment