Sunday, December 24, 2023

Week in Review 51/23



 

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:



December 18, 2023


  • €24.45– Duke Energy Corporation (DUK)
  • €14.47– NextEra Energy, Inc. (NEE)
  • €20.22– Viatris Inc. (VTRS)
  • €47.09– The Coca-Cola Company (KO)
  • €22.80– McDonald's Corporation (MCD)
  • €29.03– Flowers Foods, Inc. (FLO)
  • €24.85– Main Street Capital (MAIN)
  • €33.20– Realty Income Corporation (O)


December 19, 2023


  • €80.46– Kesko Corporation (KESKO)
  • €3.73– Kontoor Brands, Inc. (KTB)
  • €62.33– Manulife Financial Corporation (MFC)


December 20, 2023


  • €18.08– Dominion Energy, Inc. (D)
  • €5.18– V.F. Corporation (VFC)


Week 51: Total net dividends €385.89


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



My Portfolio's Transactions:



December 20, 2023


  • I opened a new position and purchased 50 shares of Global Equity Premium Income UCITS ETF (JGPI.DE) at €23.20 per share plus commission.


Global Equity Premium Income UCITS ETF is a global equity version of the group’s hugely popular US-listed JPMorgan Equity Premium Income ETF (JEPI), a US-equity strategy that has amassed $30bn assets under management (AUM) since launching in May 2020. It offers investors a consistent income of 7-9% a year, paid monthly, while delivering less volatility versus its benchmark, the MSCI World index. The JPMorgan Global Equity Premium Income UCITS ETF is listed on the London Stock Exchange (JEPG) and on the Deutsche Boerse (JGPI) with a total expense ratio (TER) of 0.35%.



Portfolio Holdings News:



December 18, 2023


  • Unilever PLC to sell Elida Beauty business to Yellow Wood Partners; Unilever has today announced that it has received a binding offer from Yellow Wood Partners LLC to acquire Elida Beauty. The binding offer is subject to the usual closing conditions, regulatory requirements, and consultation processes. Completion is expected by mid-2024. Financial terms of the binding offer are undisclosed.


  • Lockheed Martin Corporation (LMT) and Lockheed Martin Aeronautics have been awarded a $138.46 million cost-plus-fixed-fee undefinitized contract to procure various special tooling and special test equipment in support of production, retrofit modifications and flight test instrumentation for the Joint Strike Fighter aircraft for the Air Force, Marine Corps, Navy, Foreign Military Sales customers and non-U.S. Department of Defense participants and has secured a $663.13 million modification to a previously awarded cost-plus-incentive-fee, fixed-price-incentive, cost reimbursable contract.


  • Archer-Daniels-Midland Company (ADM) to Acquire Revela Foods; ADM announced it is adding to its flavors capabilities with an agreement to acquire Revela Foods, a Wisconsin-based developer and manufacturer of innovative dairy flavor ingredients and solutions. ADM intends to complete the transaction early in 2024.


December 19, 2023



  • NN Group N.V. (NN.AS) completes two longevity transactions; NN announces today that its subsidiary NN Life has completed two transactions to transfer the full longevity risk associated with in total approximately EUR 13 billion of pension liabilities in the Netherlands. The deals will reduce NN’s exposure to longevity risk and thereby further strengthen NN’s capital position.



December 20, 2023



  • NCC AB (NCC) to build head office for Bosch in Denmark; NCC is to build a new headquarters for Bosch in Ballerup near Copenhagen, Denmark. The office building covers approximately 10,000 square meters distributed over three floors and will accommodate all the company's employees, who are currently residing in two separate offices.



  • General Mills, Inc. (GIS) Reports Fiscal 2024 Second-quarter Results; GIS reports Non-GAAP EPS of $1.25, beating analyst estimates by $0.09 and increased 14% year-over-year. Revenue of $5.1 billion misses analyst estimates by $260 million and decreased 2% versus the same quarter last year. Management guides Organic net sales to range between down 1 percent and flat, compared to the previous range of 3 to 4 percent growth, reflecting a slower volume recovery in fiscal 2024. Adjusted operating profit and adjusted diluted EPS are now expected to increase 4 to 5 percent in constant currency.


  • Lockheed Martin Corporation (LMT) was awarded a $220.7M modification to a cost-plus-fixed-fee, firm-fixed-price order against a previously issued basic ordering agreement.



December 21, 2023


  • Cisco Systems, Inc. (CSCO) to Acquire Isovalent; CSCO announced the intent to acquire Isovalent, a leader in open source cloud native networking and security, to bolster its secure networking capabilities across public clouds. CSCO did not disclose terms of the deal, which is expected to close in Q3 2024.


  • RTX Corporation's (RTX) Raytheon Missiles and Defense segment awarded a $407.60M cost-plus-fixed-fee modification to a previously awarded task order for the Hypersonic Attack Cruise Missile-Southern Cross Integrated Flight Research Experiment.



December 22, 2023


  • Unilever to acquire premium haircare brand K18; Unilever today announced it has signed an agreement to acquire the premium biotech haircare brand K18. K18 is distributed through professional salons, retail, and eCommerce primarily in North America, UK and Australia. Terms of the deal were not disclosed. The transaction is expected to close in Q1 2024.



  • Bristol-Myers Squibb Company (BMY) to Acquire Karuna Therapeutics; BMY and Karuna Therapeutics, Inc. (NASDAQ: KRTX) announced that they have entered into a definitive merger agreement under which Bristol Myers Squibb has agreed to acquire Karuna for $330.00 per share in cash, for a total equity value of $14.0 billion, or $12.7 billion net of estimated cash acquired. The transaction was unanimously approved by both the Bristol Myers Squibb and Karuna Boards of Directors. The deal is expected to close in 1H of next year and includes $1.27 billion in cash that Karuna has on hand. The transaction is expected to be dilutive to Bristol Myers (BMY) non-GAAP diluted earnings per share by approximately $0.30 in 2024 from the financing cost of the transaction.


  • Lockheed Martin Corporation's (LMT) Lockheed Martin Rotary and Mission Systems was awarded a $141.51M cost-plus-incentive-fee modification to a previously awarded contract.


  • RTX Corporation's (RTX) Raytheon Missile Systems was awarded a $155.70M firm-fixed-price undefinitized order against a previously issued basic ordering agreement.



Articles that caught my attention:







Thanks for stopping by, Merry Christmas and Happy Holidays Everyone!


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4 comments:

  1. AnonymousDecember 24, 2023 at 7:50 PM

    Didn't mention JGPI's effect on your dividends this time, so I assume you bought the accumulating version? If not, the etf's domicile is in Ireland, therefore don't you lose some of the dividends in taxation?

    ReplyDelete
    Replies
    1. DividendHawkDecember 25, 2023 at 7:52 AM

      Hi, it's not yet clear how much JGPI pays in dividends, but as I mentioned the US listed version pays around 7-9%. The income paid by the ETF is interest income for me, on which I pay 30% tax to Finland.

      Cheers,
      DH

      Delete
  2. AnonymousDecember 28, 2023 at 12:25 PM

    Hi, I've been following you for a while and your dividend based tactic matches mine pretty much. As a Finn, I would like to ask if you keep stocks in a "AO-tili"? In Finland, part of the dividends goes to taxes, unlike in some other countries (or states in US).

    ReplyDelete
    Replies
    1. DividendHawkDecember 28, 2023 at 7:19 PM

      Hello, yes all my shares are in an "AO tileillä" Tällä hetkellä kolmella eri välittäjällä, Danske, Nordnet ja Nordea

      Regards,
      DH

      Delete

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