Week in Review 36/23

 

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:

September 4, 2023

• €34.17– Intel Corporation (INTC)
• €8.08– WEC Energy Group, Inc. (WEC)
• €10.56– ConocoPhillips (COP)
• €3.08– Visa Inc. (V)
• €31.75– Magna International Inc. (MGA)
• €87.87– Enbridge Inc. (ENB)
• €48.73– Fortis Inc. (FTS)
• €36.45– Canadian Utilities Limited (TSE:CU)

September 5, 2023

• €69.71 – Pfizer Inc. (PFE)

September 6, 2023

• €26.64– Archer-Daniels-Midland Company (ADM)

September 7, 2023

• €49.71– Johnson & Johnson (JNJ)
• €24.37– RTX Corporation (RTX)
• €51.88– LyondellBasell Industries N.V. (LYB)

September 8, 2023

• €14.74– Amgen Inc. (AMGN)

Week 36: Total net dividends €497.74

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

My Portfolio's Transactions:

September 7, 2023

• I purchased 30 shares of Enbridge Inc. (ENB) at C$45.55 per share plus commission.

At today's exchange rate, that purchase 30 shares of Enbridge will increase €54.36 of my expected annual net dividend income and will increase my portfolio's projected annual net dividend income to €21,950.00. With purchase price C$45.55 plus commission (C$11.71) my yield on cost is 7.70%. After this acquisition, Enbridge’s weight of my portfolio is about 1.09% and its share of future annual dividend income is approximately 1.86%.

Portfolio Holdings News:

September 5, 2023

• Enbridge Inc. (ENB) Announces Strategic Acquisition of Three U.S. Based Utilities to Create Largest Natural Gas Utility Franchise in North America; ENB announced that it has entered into three separate definitive agreements with Dominion Energy, Inc. to acquire EOG, Questar and PSNC for an aggregate purchase price of US$14.0 billion (CDN$19 billion), comprised of $US9.4 billion of cash consideration and US$4.6 billion of assumed debt, subject to customary closing adjustments.

September 6, 2023

• General Mills, Inc. (GIS) Reaffirms Annual Guidance And Provides Business Update; GIS reaffirmed its full-year financial targets for fiscal 2024, including for organic net sales to increase 3% to 4%, Adjusted operating profit is expected to increase 4% to 6% in constant currency in FY24 and EPS is expected to increase 4% to 6% in constant currency. Free cash flow conversion is expected to be at least 95% of adjusted after-tax earnings.

• RTX Corporation (RTX) and Lockheed Martin Corporation (LMT) Signs Agreement For Industrial Production Cooperation In Poland; Polska Grupa Zbrojeniowa (PGZ) and the Javelin Joint Venture (JJV), a partnership between RTX and LMT, have entered into a Memorandum of Understanding (MOU) regarding production of the Javelin anti-tank weapon system in Poland.

September 7, 2023

• Verizon Communications Inc. (VZ) Increases Quarterly Dividend; VZ declared a quarterly dividend of 66.50 cents per outstanding share, an increase of 1.25 cents per share from the previous quarter. The quarterly dividend is payable on November 1, 2023, to Verizon shareholders of record at the close of business on October 10, 2023.

• General Dynamics Corporation (GD) Ordnance and Tactical Systems, Florida; and Nammo Perry Inc., Florida will compete for each order of the $488.66 million fixed-price-incentive contract for manufacturing, assembly, inspection, packaging and delivery of 155 mm M119A2 propelling bag charges.

• Magna International Inc. (MGA) Raises 2025 Sales Outlook; MGA raised its full-year 2025 sales expectations to be between $46.7 billion and $49.2 billion, up from the previous guidance range of $44.7 billion to $47.2 billion.

Articles that caught my attention:

• Undervalued Dividend Growth Stock of the Week: Lockheed Martin (LMT) by Jason Fieber, Mr. Free at 33, at Daily Trade Alert
• The recession watch and more bank earnings on the Sunday Reads by Dale Roberts at Cut the Crap Investing
• At $30/Share Or Below, VICI Is A Massive 'Buy' by Wolf Report at Seeking Alpha
• Why I Am Downgrading Realty Income: Bellagio Deal Was The Final Red Flag by Julian Lin at Seeking Alpha
• Things I Wish I Knew When I Started Investing [Podcast] by DivGuy at The Dividend Guy Blog
• Should I sell or should I hold by Dividend Growth Investor
• 2023 Financial Goals – September Update by Mark at My Own Advisor
• Up To 50% Undervalued - Why L3Harris Has Become My Favorite Dividend Growth Stock by Leo Nelissen at Seeking Alpha
• Enbridge: Acquiring 3 Utilities From Dominion For $14 Billion by Steven Fiorillo at Seeking Alpha
• Our 4 Favorite Dividend Contenders in August 2023 by Prakash Kolli at Dividend Power
• T. Rowe Price Group Inc. (TROW) Dividend Stock Analysis by D4L at Dividend Growth Stocks
• It's Time To SWAN: 2 Top High-Yield Dividend Picks by Robert & Sam Kovacs at Seeking Alpha
• Retirement Withdrawal Strategy: Avoid Panic, Enjoy Life by DivGuy at The Dividend Guy Blog
• The 11 Best Cash ETFs in Canada (Plus HISA ETFs and Money Market ETFs) by Kyle Prevost at Million Dollar Journey

Thanks for stopping by, have a nice next week!