Week in Review 2/24

 

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:

January 8 2024

• €86.03– PepsiCo, Inc. (PEP)
• €26.81– Global X SuperDividend™ ETF (SDIV)

January 9, 2024

• €116.41– Altria Group, Inc. (MO)
• €75.03– Philip Morris International Inc. (PM)
• €19.05– Illinois Tool Works Inc. (ITW)
• €25.41– Medical Properties Trust, Inc. (MPW)

Week 2: Total net dividends €348.74

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

My Portfolio's Transactions:

January 9, 2024

• I purchased 25shares of NextEra Energy, Inc. (NEE) at $62.43 per share plus commission.

At today's exchange rate, that purchase 25 shares of NextEra Energy will increase €31.77 of my expected annual net dividend income. Following this acquisition, the portfolio now contains a total of 70 NextEra Energy shares at an average purchase price of $65.09 and yield on cost is 2.87%. After this acquisition, NEE ’s weight of my portfolio is about 0.59% and its share of future annual dividend income is approximately 0.41%.

January 11, 2024

• I opened a new position and purchased 20 shares of Eversource Energy (ES) at $56.75 per share plus commission.

At today's exchange rate, that purchase 20 shares of Eversource will increase €36.69 of my expected annual net dividend income. With purchase price $56.75 plus commission ($5.48) my starting yield on cost is 4.73%. After this acquisition, ES’s weight of my portfolio is about 0.16% and its share of future annual dividend income is approximately 0.17%.

Portfolio Holdings News:

January 8, 2024

• NCC AB (NCC) to construct road and tunnel in Norway for SEK 1.5 billion; NCC has been commissioned by the Norwegian Public Roads Administration to construct a new road and tunnel between Breivika and Lerstad in Ålesund Municipality in Norway. The order value is approximately SEK 1.5 billion.

• Eversource Energy (ES) Announces Fourth Quarter 2023 Impairment; ES saying it expects to record after-tax impairment charges of $1.4B-$1.6B in Q4 on rising costs related to its 50% ownership interest in the South Fork Wind, Revolution Wind and Sunrise Wind projects. ES said also it is in "advanced, exclusive negotiations" with a buyer, which it calls "a leading global private infrastructure investor," to sell its ownership interest in the three projects.

• Johnson & Johnson (JNJ) to Acquire Ambrx; JNJ announced that it has entered into a definitive agreement to acquire Ambrx Biopharma, Inc., or Ambrx (NASDAQ: AMAM), a clinical-stage biopharmaceutical company with a proprietary synthetic biology technology platform to design and develop next-generation antibody drug conjugates (ADCs), in an all-cash merger transaction for a total equity value of approximately $2.0 billion, or $1.9 billion net of estimated cash acquired.

• Lockheed Martin Corporation (LMT) was awarded a $312M cost-plus-incentive-fee modification to a previously awarded, indefinite-delivery/indefinite-quantity contract.

• LTC Properties, Inc. (LTC) Completes Brookdale Portfolio Transaction; LTC completed its previously announced transactions involving its 35-property Brookdale Senior Living (NYSE:BKD) portfolio, which resulted in net proceeds of $23M. The company anticipates a net gain of $17M related to the property sales.

January 9, 2024

• Intel Corporation (INTC) announces agreement to acquire Silicon Mobility SAS; INTC announced plans to drive the company’s AI everywhere strategy into the automotive market, including a deal to acquire Silicon Mobility, a fabless silicon and software company that specializes in SoCs for intelligent electric vehicle (EV) energy management.

• Cardinal Health, Inc. (CAH) Announces Progress on Business and Portfolio Review and Fiscal 2024 Outlook Update; CAH now expects FY24 adjusted diluted EPS in the high-end of its previously issued $6.75 to $7.00 guidance range.

• Lockheed Martin Corporation (LMT) was awarded a $101.51M cost-plus-incentive-fee and cost-plus-fixed-fee contract for AEGIS development and test sites operation and maintenance.

January 10, 2024

• General Dynamics Corporation's NASSCO unit has secured a not-to-exceed $438.52 million cost-plus-fixed-fee modification to a previously awarded undefinitized contract action for the maintenance, modernization, and repair of USS Chung-Hoon and USS James E. Williams (DDG 95) fiscal 2024 Depot Maintenance Period availabilities. GD's Information Technology unit has secured a $170.80 million task order for Air Force Civil Engineer Center Control System cybersecurity services.

• W. P. Carey Inc. (WPC) Announces 2023 Investment Volume of $1.3 Billion; WPC announced investment volume for the 2023 full year of approximately $1.3 billion, including investments totaling approximately $320 million completed during the fourth quarter. From a geographic perspective, approximately 80% of its 2023 volume was in North America and 20% was in Europe.

January 11, 2024

• T. Rowe Price Group, Inc. (TROW) Reports Preliminary Month-End Assets Under Management For December 2023; TROW reported preliminary month-end assets under management of $1.45 trillion as of December 31, 2023. Preliminary net outflows were $9.4 billion for December 2023, and $28.3 billion for the quarter-ended December 31, 2023, bringing preliminary year-to-date net outflows to $81.8 billion. AUM increased 3.7% in December compared November 30, 2023.

• TC Energy Corporation (TRP) Made-in-Ontario Pumped Storage will enhance province’s energy supply mix; TRP will move forward with the C$4.5B Ontario Pumped Storage Project with prospective partner Saugeen Ojibway Nation, and begin work with federal and provincial regulators to establish a potential long-term revenue framework for the project.

• Canadian Utilities Limited (TSE:CU) Increased Quarterly Dividend; CU declared a first quarter dividend of C$45.31 cents per Class A non-voting (TSX:CU) and Class B common share (TSX:CU.X), a one percent increase over the C$44.86 cents paid in each of the four previous quarters. This common share dividend is payable March 1, 2024, to shareholders of record on February 1, 2024.

Articles that caught my attention:

• Undervalued Dividend Growth Stock of the Week: Comcast (CMCSA) by Jason Fieber at Daily Trade Alert
• Beating the TSX on the Sunday Reads by Dale Roberts at Cut the Crap Investing
• Starbucks: $10000 Investment In 1992 Grew To Over $1 Million - It Can Repeat by Leo Nelissen at Seeking Alpha
• How To Build A Dividend Growth Portfolio As A 'Young Investor' With $100,000 by Millennial Dividends at Seeking Alpha
• How to save and invest while enjoying life? by Bob at Tawcan
• December 2023 Dividend Income Update by Mark at My Own Advisor
• Top 25 High Dividend Stocks Yielding 4% to 10%+ by Simply Safe Dividends
• Top 3 Canadian Stocks for 2024 [Podcast] by DivGuy at The Dividend Guy Blog
• Realty Income: My Favorite High-Yield REIT In The Market Today by Nicholas Ward at Seeking Alpha
• Air Products and Chemicals: One Of My Favorite Holdings Is A Buy by Kody's Dividends at Seeking Alpha
• When to Fire (or Hire) a Financial Advisor by Craig Stephens at Retire Before Dad
• HEICO Is Cash Flow Focused by Charles Fournier at Dividend Power
• Lockheed Martin Corp. (LMT) Dividend Stock Analysis by D4L at Dividend Growth Stocks
• Chuck Carnevale’s Top 10 Attractively-Valued Dividend Contenders for 2016 (Based on Valuation) by Chuck Carnevale of FAST Graphs at Daily Trade Alert
• A 12% Distribution Yield At $80 WTI Is Why I Sold Exxon To Buy Canadian Natural Resources by Leo Nelissen at Seeking Alpha
• How To Invest $1 Million In Retirement For Life-Long Income by Financially Free Investor at Seeking Alpha
• Consider BlackRock For Asset Management Exposure by Financial Freedom Is A Journey

Thanks for stopping by!