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 11, 2023
- €62.97– Chevron Corporation (CVX)
- €87.91– Target Corporation (TGT)
- €21.69– Emerson Electric Co. (EMR)
September 12, 2023
- €21.66 – Walgreens Boots Alliance, Inc. (WBA)
September 14, 2023
- €104.51– Avance Gas Holding Ltd (AGAS.OL)
- €21.68– The Home Depot, Inc. (HD)
- €27.29– Global X SuperDividend ETF (SDIV)
September 15, 2023
- €15.89– Avista Corporation (AVA)
- €20.33– Viatris Inc. (VTRS)
- €29.67– Flowers Foods, Inc. (FLO)
- €73.48– Prudential Financial, Inc. (PRU)
- €24.86– Main Street Capital (MAIN)
- €30.28– Realty Income Corporation (O)
Week 37: Total net dividends €542.20
Dividend income is reported after the deduction of taxes. Check more at my Monthly Dividend sheet.
My Portfolio's Transactions:
September 13, 2023
- I purchased 15 shares of L3Harris Technologies, Inc. (LHX) at $168.70 per share plus commission.
At today's exchange rate, that purchase 15shares of LHX will increase €47.74 of my expected annual net dividend income and will increase my portfolio's projected annual net dividend income to €22,000.00. With purchase price $168.70 plus commission ($5.37) my starting yield on cost is 2.70%. After this acquisition, L3Harris’s weight of my portfolio is about 0.37% and its share of future annual dividend income is approximately 0.22%.
Portfolio Holdings News:
September 11, 2023
- QUALCOMM Incorporated (QCOM) Announces Agreement with Apple for Chip Supply; QCOM announced that it has entered into an agreement with Apple Inc. to supply Snapdragon® 5G Modem-RF Systems for smartphone launches in 2024, 2025 and 2026. This agreement reinforces Qualcomm’s track record of sustained leadership across 5G technologies and products.
- General Dynamics Corporation (GD) has secured a contract with a ceiling of $226.52 million for Global Aircrew Strategic Network Terminal Increment 2, Block 1.
September 12, 2023
- Intel Corporation (INTC) to Sell Minority Stake in IMS Nanofabrication Business to TSMC; INTC announced that it has agreed to sell an approximately 10% stake in the IMS Nanofabrication business (“IMS”) to TSMC. TSMC's investment values IMS at about $4.3B, consistent with the valuation of a stake sale to Bain Capital Special Situations. In June, Intel announced that it would sell an approximately 20% stake in IMS to Bain Capital.
- Chevron Corporation (CVX) Acquires Majority Stake in the Advanced Clean Energy Storage Hydrogen Project in Delta, Utah; CVX announced it acquired a 78% stake in ACES Delta, a joint venture between Mitsubishi Power Americas and Magnum Development, which is developing the Advanced Clean Energy Storage project in Utah; financial terms were not disclosed.
- Smurfit Kappa and WestRock Company (WRK) Announce Transaction to Create a Global Leader in Sustainable Packaging; The Boards of Smurfit Kappa and WRK are pleased to announce the signing of a definitive transaction agreement to create a $20B packaging giant called Smurfit WestRock. Under the deal, WRK shareholders will receive one new Smurfit WestRock share and $5 in cash for each WRK share they hold. This equates to $43.51 per WRK share.
- Lockheed Martin Corporation (LMT) has secured $841.49 million firm-fixed-price, cost-plus-incentive-fee modification to a previously awarded indefinite-delivery/indefinite-quantity contract and was awarded an other transaction authority agreement with a ceiling of $311.98 million for Stinger missile upgrades and replacement.
- RTX Corporation (RTX) has secured an other transaction authority pact with a ceiling of $418.34 million for Stinger missile upgrades and replacement.
- Realty Income Corporation (O) Increases Monthly Dividend; O announced it has declared an increase in the company's common stock monthly cash dividend to $0.2560 per share from $0.2555 per share. The dividend is payable on October 13, 2023, to stockholders of record as of October 2, 2023. This is the 122nd dividend increase since Realty Income's listing on the NYSE in 1994.
September 13, 2023
- Philip Morris International Inc. (PM) Increases Quarterly Dividend; The Board of Directors of PM has increased the company’s regular quarterly dividend by 2.4% to an annualized rate of $5.20 per share. The new quarterly dividend of $1.30 per share, up from $1.27 per share, is payable on October 12, 2023, to shareholders of record as of September 27, 2023.
- Eaton Corporation plc (ETN) invests $150 million to increase manufacturing of vital electrical infrastructure; ETN to invest an additional $150 million to increase the supply of its electrical power distribution solutions for customers across North America. As part this investment, Eaton is committing $80 million to significantly expand its manufacturing footprint in El Paso, Texas—creating more than 600 new skilled manufacturing jobs, opening a new facility and increasing capacity at its existing manufacturing plant.
- T. Rowe Price Group, Inc. (TROW) Reports Preliminary Month-End Assets Under Management For August 2023; TROW reported preliminary assets under management of $1.4T as of Aug. 31, down 2% from July end. Preliminary net outflows for August 2023 were $7.8 billion, including a redemption from a subadvisory client.
September 14, 2023
- Kesko Corporation’s (KESKO) sales in August; KESKO’s sales in August 2023 totalled €1,079.2 million, representing an increase of 1.6%.
- Lockheed Martin Corporation (LMT) has secured a not-to-exceed $151.36 million fixed-price-incentive contract for Bulgaria F-16 Block 70 production.
- Visa Inc. (V) and Paysend Strengthen Their Strategic Collaboration; Paysend, the UK Fin-Tech innovator, and V today announced a strategic collaboration enabling Paysend’s customers globally to send money in real-time1 to eligible Visa cards across 170 countries and territories. As part of the five-year partnership, Visa (V) and Paysend will engage in joint marketing efforts to accelerate the growth of fast, seamless payments to Visa cards in key corridors, including the U.S.-Latin America corridor.
- W. P. Carey Inc. (WPC) Increases Quarterly Dividend; WPC reported that its Board of Directors increased its quarterly cash dividend to $1.071 per share, equivalent to an annualized dividend rate of $4.28 per share. The dividend is payable on October 16, 2023 to stockholders of record as of September 29, 2023.
September 15, 2023
- Telia Company AB (TELIA1.HE) has entered into a final and binding agreement to sell its operations and network assets in Denmark: TELIA1 announces it has entered into a final and binding agreement to sell 100% of its operations and network assets in Denmark to Norlys a.m.b.a. (Norlys) at an enterprise value of DKK 6.25 billion, on a cash and debt-free basis.
- NCC AB (NCC) to build school and sports hall in Rovaniemi; NCC has signed a partnering agreement with the City of Rovaniemi in Finland to construct a new school building in the Nivavaara district. The assignment also includes the construction of a new sports hall, as well as upgrading the outdoor environment and the adjacent sports grounds. The order value is approximately SEK 400 million.
Articles that caught my attention:
- Undervalued Dividend Growth Stock of the Week: Realty Income (O) by Jason Fieber, Mr. Free at 33, at Daily Trade Alert
- Rates are on hold as China sinks on the Sunday Reads by Dale Roberts at Cut the Crap Investing
- What is the optimum number of stocks to have in a portfolio? by Bob at Tawcan
- This Golden High Yield Opportunity May Not Last Long by High Yield Investor at Seeking Alpha
- Tractor Supply: A Proven Blue Chip Dividend Stock For Your Dividend Growth by Kody's Dividends at Seeking Alpha
- Power your Dividend Stock Portfolio with… ManPower Group $MAN | Dividend Stock to Buy by Lanny at Dividend Diplomats
- The waiting is the hardest part, and the most profitable times for investors by Dale Roberts at Cut the Crap Investing
- RTX Corporation Exposure Increased by Financial Freedom Is A Journey
- Beware of These 10 Next Dividend Cutters [Podcast] by DivGuy at The Dividend Guy Blog'
- I Believe Enbridge Has Turned Into The Best Diversified 8%-Yielder Money Can Buy by Leo Nelissen at Seeking Alpha
- Nasdaq (NDAQ) – Transforming Future Capital Markets by Charles Fournier at Dividend Power
- Medtronic Inc. (MDT) Dividend Stock Analysis by D4L at Dividend Growth Stocks
- 5 Dividend Growth Stocks With “A” Ratings and Very Little Debt by Chuck Carnevale of FAST Graphs at Daily Trade Alert
- 3 High-Quality Dividend Growth Stocks Benefiting From Global Megatrends by Jason Fieber, Mr. Free at 33, at Daily Trade Alert
- How to Build a Dividend Portfolio by Simply Safe Dividends
- 2023 Shareholder Yield Screener | Highest Shareholder Yields Now by Bob Ciura at Sure Dividend
- Eversource Energy (ES): An Undervalued Utility by Felix Martinez at Dividend Power
- NextEra Energy Partners: 3 Reasons We Prefer Brookfield Renewable by Trapping Value at at Seeking Alpha
Thanks for stopping by, have a nice next week!
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