Sunday, September 3, 2023

Week in Review 35/23


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 28, 2023

  • €14.55– Starbucks Corporation (SBUX)

August 31, 2023

  • €12.93 – LTC Properties, Inc. (LTC)

September 1, 2023

  • €35.61– Ahold Delhaize N.V. (AMS:AD)
  • €28.62– Unilever PLC (AMS:UNA)
  • €38.43– Pinnacle West Capital Corporation (PNW)
  • €25.63– Golar LNG Limited (GLNG)
  • €72.47– United Parcel Service, Inc. (UPS)
  • €21.53– Aflac Incorporated (AFL)

Week 35: Total net dividends €249.77

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

Portfolio Holdings News:

August 28, 2023

August 29, 2023

  • NN Group N.V. (AMS:NN) Reports 1H 2023 Results; NN reports 1H23 GAAP EPS of Є2.00 compared 1H22 GAAP EPS of €5.64. Solvency II ratio increased to 201% from 197% at 31 December 2022. Committed to capital return policy of a progressive dividend per share and annual share buyback of at least €250 million; 2023 interim dividend of €1.12 per ordinary share, compared to €1.00 year ago.

  • Best Buy Co., Inc. (BBY) Reports Second Quarter Results; BBY reports Non-GAAP EPS of $1.22, beating analyst estimates by $0.15 but decreasing 20.8% year-over-year. Revenue decreased 7.3% to $9.58 billion, which was $60 million more than expected. For FY2024 Management guides revenue of $43.8B to $44.5B, which compares to prior guidance of $43.8B to $45.2B and Non-GAAP diluted EPS of $6.00 to $6.40, which compares to prior guidance of $5.70 to $6.50.

  • The Bank of Nova Scotia (BNS) Reports Third Quarter Results; BNS reports Non-GAAP EPS of C$1.73, in line with estimates and decreasing 17.6% year-over-year. Revenue grew 3.7% to C$8.09 billion, missing estimates by C$50 million. Common equity tier 1 capital ratio increased to 12.7% at July 31, 2023 from 12.3% at April 30. Provision for credit losses increased to C$819M from C$709M in the previous quarter and C$412M a year ago.

August 30, 2023

  • UGI Corporation (UGI) Announces Review of Strategic Alternatives; UGI has initiated a process to evaluate potential strategic alternatives, especially focusing on the LPG businesses. UGI said it is exploring a full range of options with the goal of reducing UGI’s earnings volatility and strengthening its balance sheet.

  • RTX Corporation (RTX) was awarded a $276.54M modification (P00030) to contract W15QKN-19-C-0017 for procurement of 155 mm projectiles.

August 31, 2023

  • RTX Corporation (RTX) was awarded a $192 million contract for purchase of Advanced Medium Range Air-to-Air Missiles (AMRAAM).

  • Canadian Imperial Bank of Commerce (CM) Announces Third Quarter 2023 Results; CM reports Non-GAAP EPS of C$1.52, missing analyst estimates by C$0.17 and decreasing 18% year-over-year. Revenue of C$5.85 billion beats analyst estimates by C$40 million and increased 5% versus the same quarter last year. CET1 ratio was 12.2% at July 31, 2023, compared with 11.9% at the end of the prior quarter.

September 1, 2023

  • Walgreens Boots Alliance, Inc. (WBA) CEO Rosalind Brewer Resigns; WBA announced that the Board of Directors and Rosalind Brewer have mutually agreed that Ms. Brewer will step down as the Company’s Chief Executive Ocer (CEO) and as a member of the Board, as of August 31, 2023. The Board has appointed Ginger Graham, current Lead Independent Director of WBA, as the Company’s interim CEO. Ms. Brewer has agreed to continue to advise WBA while the Company conducts a search for a permanent CEO.

Articles that caught my attention:

Thanks for stopping by, have a nice next week!

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