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:
December 4, 2023
- €8.05– WEC Energy Group, Inc. (WEC)
- €11.92– ConocoPhillips (COP)
- €69.36– Pfizer Inc. (PFE)
- €3.51– Visa Inc. (V)
- €31.63– Magna International Inc. (MGA)
- €101.03– Enbridge Inc. (ENB)
- €50.85– Fortis Inc. (FTS)
- €36.40– Canadian Utilities Limited (TSE:CU)
December 6, 2023
- €49.43– Johnson & Johnson (JNJ)
- €26.43– Archer-Daniels-Midland Company (ADM)
- €51.43– LyondellBasell Industries N.V. (LYB)
Week 49: Total net dividends €440.03
Dividend income is reported after the deduction of taxes. Check more at my Monthly Dividend sheet.
Portfolio Holdings News:
December 4, 2023
- AT&T Inc. (T) to Accelerate Open and Interoperable Radio Access Networks (RAN) in the United States through new collaboration with Ericsson; T will buy up to $14B of cell tower equipment in a five-year deal with Swedish supplier Ericsson (NASDAQ:ERIC) to deploy its commercial-scale open radio access network (Open RAN).
- Brookfield Renewable (BEP; BEPC) Acknowledges Result of the Origin Energy Shareholder Vote; Brookfield Asset Management (BAM), together with its listed affiliate BEP acknowledges the announcement today by Origin Energy Limited (ASX: ORG) of the result of Origin’s shareholder vote in respect of the previously announced Scheme of Arrangement with Brookfield, its institutional investors, and EIG. Origin’s shareholders voted 69% in favor of the transaction, which was short of the required 75% approval level required.
- Kinder Morgan, Inc. (KMI) Announces 2024 Financial Expectations; For FY 2024 Management guides net earnings of $1.21/share, up from $1.09/share in FY 2023 and forecast paying an annualized dividend of $1.15/share next year, which would mark the seventh straight year the company has raised its dividend.
- RTX Corporation (RTX) awarded a single award, firm-fixed-price, multi-year contract in the amount of $321M for continued production and delivery of Silent Knight Radar systems and initial spare components in support of Special Operations Command (USSOCOM).
- Omega Healthcare Investors, Inc. (OHI) Issues Business Update; OHI announced that two of its operators paid less contractual rent than owed in November, leading to the expectation that OHI's Q4 funds available for distribution won't approximate its dividend.
December 5, 2023
- CVS Health Corporation (CVS) Increases Quarterly Dividend; CVS announced that its board of directors has approved a quarterly dividend of sixty-six and a half cents ($0.665 cents) per share, an approximate 10% increase from sixty and a half cents ($0.605 cents) per share. The dividend is payable on February 1, 2024, to holders of record on January 22, 2023.
December 6, 2023
- AbbVie Inc. (ABBV) to Acquire Cerevel Therapeutics; ABBV and Cerevel Therapeutics (NASDAQ: CERE) today announced a definitive agreement under which AbbVie will acquire Cerevel Therapeutics and its robust neuroscience pipeline of multiple clinical-stage and preclinical candidates with potential across several diseases including schizophrenia, Parkinson's disease (PD), and mood disorders. Under the terms of the transaction, AbbVie will acquire all outstanding shares of Cerevel for $45.00 per share in cash. The transaction values Cerevel at a total equity value of approximately $8.7 billion. The boards of directors of both companies have approved the transaction. This transaction is expected to close in the middle of 2024, subject to Cerevel shareholder approval, regulatory approvals, and other customary closing conditions.
- Bristol-Myers Squibb Company (BMY) Announces Dividend Increase; BMY announced that its Board of Directors has declared a quarterly dividend of sixty cents ($0.60) per share on the $0.10 par value common stock of the company. The dividend is payable on February 1, 2024, to stockholders of record at the close of business on January 5, 2024. This quarterly dividend represents a 5.3% increase over last year’s quarterly rate of fifty-seven cents ($0.57) per share.
- Canadian National Railway Company (CNI) to Acquire Iowa Northern Railway; CNI announced that it has signed and closed an agreement to acquire Iowa Northern Railway (IANR), which operates approximately 275 track miles in Iowa connecting to CN’s U.S. rail network. The transaction closed into an independent voting trust pending regulatory review of the transaction by the U.S. Surface Transportation Board (STB). The terms of this transaction were not disclosed.
December 7, 2023
- NCC AB (NCC) to build new head office for Energinet; NCC has been contracted by the state-owned company Energinet to build a new head office outside Fredericia, on Denmark’s Jutland peninsula. The order value is approximately SEK 900 million.
- NCC AB (NCC) reinforces Skandia Harbour in Gothenburg; NCC is now beginning work to reinforce Skandia Harbour in Gothenburg, the largest port in Scandinavia. The assignment is part of preparations to accommodate larger container vessels. The project is a turnkey contract in partnering form on behalf of the Port of Gothenburg. The order value is just over SEK 1 billion.
- Bristol-Myers Squibb Company (BMY) Announces Additional $3 Billion Share Repurchase Authorization; BMY announced that, its Board of Directors authorized the repurchase of an additional $3 billion of the company’s common stock under the company’s multi-year share repurchase program. With this increase, the company’s total outstanding share repurchase authorization is approximately $5 billion. The program enables management to execute repurchases at its discretion.
- W. P. Carey Inc. (WPC) Reduces Quarterly Dividend; WPC reported that its Board of Directors declared a quarterly cash dividend of $0.860 per share, 19.7% decrease from prior dividend of $1.07, reflecting both the Company's strategic plan to exit the office assets within its portfolio. The dividend is payable on January 16, 2024 to stockholders of record as of December 29, 2023.
December 8, 2023
- LyondellBasell Industries N.V. (LYB) Announces Sale of Ethylene Oxide & Derivatives Business and Production Facility; LYB announced it has entered into an agreement to sell its Ethylene Oxide & Derivatives (EO&D) business along with the production facility located in Bayport, Texas to INEOS Oxide (INEOS). The purchase price for the transaction is $700 million. The transaction is expected to close in the second quarter of 2024 following completion of the planned maintenance at the facility and is subject to regulatory and other customary closing conditions.
Articles that caught my attention:
- Undervalued Dividend Growth Stock of the Week: Prologis (PLD) by Jason Fieber at Daily Trade Alert
- A November to remember for stocks, on the Sunday Reads by Dale Roberts at Cut the Crap Investing
- Top five Canadian dividend stocks to hold forever by Bob at Tawcan
- Pfizer: This Year's Disaster Should Set The Stage For A Strong 2024 by Paul Franke at Seeking Alpha
- Huntington Ingalls Is One Of The Most Underappreciated Dividend Stocks On The Market by Leo Nelissen at Seeking Alpha
- How To Live Off Of Dividends For Potentially Life-Changing Passive Income by High Yield Investor at Seeking Alpha
- Mastering Stock Analysis: A Guide to Comparing Multiple Stocks – Discount Stores Edition [Podcast] by DivGuy at The Dividend Guy Blog
- Top 25 High Dividend Stocks Yielding 4% to 10%+ by Simply Safe Dividends
- Top 5 Dividend Growth Stocks to Buy Now – December 2023 Edition by Jason Fieber at Daily Trade Alert
- 3 High Dividend Growth Stocks to Choose in December 2023 by Prakash Kolli at Dividend Power
- Brookfield Asset Management: Time To Buy This Best-Of-Breed Blue-Chip by Kody's Dividends at Seeking Alpha
- My Top 10 High Dividend Yield Companies For December 2023 by Frederik Mueller at Seeking Alpha
- AbbVie – Exit Stage Right by Charles Fournier at Financial Freedom Is A Journey
- National Retail Properties, Inc. (NNN) Dividend Stock Analysis by D4L at Dividend Growth Stocks
- Disney: No, The Dividend Doesn't Matter by Nicholas Ward at Seeking Alpha
- Billionaire Investor Says Rate Cuts Coming 'Sooner Than People Expect': Our Picks by Jussi Askola at Seeking Alpha
Thanks for stopping by, have a nice next week!
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