Sunday, February 4, 2024

Week in Review 5/24



 

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 29, 2024


  • €89.67– Scotiabank (BNS)


January 30, 2024


  • €64.60– Canadian Imperial Bank of Commerce (CM)


January 31, 2024


  • €37.37– Edison International (EIX)
  • €13.04– LTC Properties, Inc.(LTC)
  • €104.40– The Toronto-Dominion Bank (TD)
  • €64.25– TC Energy Corporation (TRP)


February 1, 2024


  • €66.60– AT&T Inc. (T)
  • €113.99– Verizon Communications Inc. (VZ)
  • €28.32– General Mills, Inc. (GIS)
  • €32.91– Bristol-Myers Squibb Company (BMY)
  • €52.36– CVS Health Corporation(CVS)
  • €30.90– Power Corporation of Canada (TSE:POW)


Week 5: Total net dividends €698.41


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



My Portfolio's Transactions:



February 1, 2024


  • I purchased 15 shares of WEC Energy Group, Inc. (WEC) at $79.35 per share plus commission.


At today's exchange rate, that purchase 15 shares of WEC Energy Group will increase €34.61 of my expected annual net dividend income. Following this acquisition, the portfolio now contains a total of 30 WEC Energy Group shares at an average purchase price of $66.83 and yield on cost is 4.78%. After this acquisition, WEC ’s weight of my portfolio is about 0.34% and its share of future annual dividend income is approximately 0.31%.



Portfolio Holdings News:



January 29, 2024



January 30, 2024


  • Kesko Corporation (KESKO) Reports Third-Quarter Results 2023; KESKO reports comparable EPS €0.31, beating analyst estimates by €0.02 but decreasing 13.9% year-over-year. Revenue of €2,902 million misses analyst estimates by €12 million and decreased 2.7% versus the same quarter last year. Comparable operating profit of €170.5 million beats analyst estimates by €7 million. The Board of Directors proposes a dividend of EUR 1.02 per share, which is 5.6% less than last time. Management estimates that comparable operating profit in 2024 will be in the range of €620–720 million.


  • Tele2 AB (TEL2) Reports Full Year and Fourth Quarter Report; TEL2 reported a profit for fourth quarter totaling SEK 936 million, or SEK 1.35 per share. This compares with SEK 1.26 billion, or SEK 1.82 per share, in last year's fourth quarter. The company's revenue for the quarter rose 3.1 percent to SEK 7.68 billion from SEK 7.45 billion last year. The Board of Directors proposes an ordinary dividend of SEK 6.90 per share (6.80). For full year 2024 Management guides 3-4% organic growth of end-user service revenue.


  • NCC AB (NCC) reports interim Report for the fourth quarter and full year 2023; NCC reports fourth quarter EPS of SEK4.02, 2.7% below last year's result but SEK0.81 more than expected. Revenue of SEK 15,592 million was in line with analyst estimates but decreased 2.7% versus the same quarter last year. The Board of Directors has proposed a dividend of SEK 8.00 (6.00) per share for 2023.



  • Pfizer Inc. (PFE) Reports Full-Year 2023 Results; PFE reports fourth quarter Non-GAAP EPS of $0.10, 91% below last year's result but $0.28 more than expected. Revenue of $14.25 billion misses analyst estimates by $150 million and decreased 41.4% versus the same quarter last year. Management Reaffirms Full-Year 2024 Guidance; Revenues of $58.5 to $61.5 Billion and Adjusted Diluted EPS of $2.05 to $2.25.



  • United Parcel Service, Inc. (UPS) Releases 4Q 2023 Earnings; UPS reports Non-GAAP EPS of $2.47, beating analyst estimates by $0.01 but decreasing 31.8% year-over-year. Revenue fell 7.8% to $24.9 billion, missing estimates by $510 million. For the full year 2024, Management expects revenue to range from approximately $92.0 billion to $94.5 billion and consolidated adjusted operating margin to range from approximately 10.0% to 10.6%.




  • T. Rowe Price Group, Inc. (TROW) Increases Quarterly Dividend; TROW announced that its Board of Directors has declared a quarterly dividend of $1.24 per share payable March 28, 2024, to stockholders of record as of the close of business on March 15, 2024. The quarterly dividend rate represents a 1.64% increase over the previous quarterly dividend rate of $1.22 per share.


  • Unum Group (UNM) Reports Fourth Quarter 2023 Results; UNM reports Non-GAAP EPS of $1.79, missing analyst estimates by $0.07but increasing 25.2% year-over-year. Revenue grew 4.7% to $3.15 billion, topping estimates $10 million. Book value per common share of $49.91 increased 13.0 percent compared to the year-ago quarter. Management guides 2024 outlook for core operations premium growth of 5 percent to 7 percent and after-tax adjusted operating earnings per share growth of 7 percent to 9 percent.


  • Metro Inc. (TSE:MRU) Reports 2024 First Quarter Results; MRU reports first quarter Non-GAAP EPS of C$1.02, 2% above from last year and C$0.03 ahead of estimates. Revenue rose 6.5% to C$4.97 billion from a year ago; analysts expected C$4.91 billion. Metro also provided an update on its NCIB — the company may repurchase up to 7 million of its common shares between November 25, 2023 and November 24, 2024.


  • Metro Inc. (TSE:MRU) Increases Quarterly Dividend; The Board of Directors declared a quarterly dividend of C$0.3350 per share, an increase of 10.7% versus last year's quarterly dividend. The dividend is payable March 12, 2024, to shareholders of record at the close of business February 15, 2024.


January 31, 2024



  • QUALCOMM Incorporated (QCOM) Announces First Quarter Fiscal 2024 Results; QCOM reports fourth quarter $2.75, 16% above from last year and $0.38 ahead of estimates. Revenue of $9.92 billion beats analyst estimates by $400 million and increased 5% versus the same quarter last year. For Q2 Management guides Non-GAAP diluted EPS between $2.20 and $2.40 and revenue between $8.9B and $9.7B.


  • Eversource Energy (ES) Increases Quarterly Dividend; ES's Board of Trustees declared a quarterly dividend of $0.715 per share, an increase of 5.9% versus last year's quarterly dividend, payable March 29, 2024, to shareholders of record as of March 5, 2024.



  • Cardinal Health, Inc. (CAH) to acquire Specialty Networks and its PPS Analytics platform; CAH announced that it has entered into a definitive agreement to acquire Specialty Networks, a technology-enabled multi-specialty group purchasing and practice enhancement organization for $1.2B in cash. Specialty Networks creates clinical and economic value for independent specialty providers and partners across multiple specialty GPOs: UroGPO, Gastrologix and GastroGPO, and United Rheumatology.


  • Aflac Incorporated (AFL) Announces Fourth Quarter Results; AFL reports Non-GAAP EPS of $1.25, missing analyst estimates by $0.20 and decreasing 4.6% year-over-year. Revenue decreased 4.3% to $3.8 billion, which was $590 million less than expected. Adjusted book value per share of $47.55 at Dec. 31, 2023, dipped from $48.44 at Sept. 30.


February 1, 2024


  • UPM-Kymmene Corporation (UPM) financial statements release 2023; UPM reports EPS of €0.30, missing analyst estimates by €0.13 and decreasing 67.7% year-over-year. Comparable operating profit decreased to €323 million from €653 million, compared to a forecast of €321 million.. Revenue of €2,531 million misses analyst estimates by €230 million and decreased 22% versus the same quarter last year. The Board proposes a dividend of €1.50 (1.50) per share for 2023. Management expects comparable operating profit to rise this year from last year.


  • WEC Energy Group, Inc. (WEC) Reports 2023 Results; WEC reports reports fourth quarter Non-GAAP EPS of $1.10, beating analyst estimates by $0.02 and increased 37.5% year-over-year. Revenue of $2.22 billion misses analyst estimates by $510 million and decreased 13.3% versus the same quarter last year.



  • Brookfield Infrastructure (BIP, BIPC) Increases Quarterly Distribution and Dividend; BIP's Board of Directors has declared a quarterly distribution in the amount of $0.405 per unit, payable on March 29, 2024 to unitholders of record as at the close of business on February 29, 2024. This distribution represents a 6% increase compared to the prior year. The Board of Directors of BIPC has declared an equivalent quarterly dividend of $0.405 per share, also payable on March 29, 2024 to shareholders of record as at the close of business on February 29, 2024.


  • Cardinal Health, Inc. (CAH) Reports Second Quarter Fiscal 2024 Results; CAH reports second quarter Non-GAAP EPS of $1.82, 38% above last year's result and $0.22 more than expected. Revenue of $57.4 billion beating analyst estimates by $490 million and increased 12% versus the same quarter last year. Management raised Fiscal 2024 non-GAAP EPS guidance to $7.20 to $7.35 from $6.75 to $7.00 and non-GAAP adjusted free cash flow guidance raised to ~$2.5 billion, from ~$2.0 billion.


  • Altria Group, Inc. (MO) Reports 2023 Fourth-Quarter and Full-Year Results; MO reports Q4 Non-GAAP EPS of $1.18, in-line with estimates and identical to the same quarter last year. Revenue of $5.02 billion misses analyst estimates by $60 million and decreased 1.2% versus the same quarter last year. Management expects to deliver 2024 full-year adjusted diluted EPS in a range of $5.00 to $5.15 (consensus of $5.07), representing a growth rate of 1% to 4% from a base of $4.95 in 2023. The Board authorized a new $1 billion share repurchase program, expected to be completed by December 31, 2024.


  • WestRock Company (WRK) Reports First Quarter Fiscal 2024 Results; WRK reports Non-GAAP EPS of $0.20, missing analyst estimates by $0.15 and decreasing 63.6% year-over-year. Revenue decreased 6.2% to $4.62 billion, which was 200 million less than expected. Achieved over $200 million in cost savings; expect to significantly exceed previously announced fiscal 2024 target of $300 to $400 million.


  • Illinois Tool Works Inc. (ITW) Reports Fourth Quarter and Full Year 2023 Results; ITW reports GAAP EPS of $2.38, missing analyst estimates by $0.04 and decreasing 19.3% year-over-year. Revenue crew 0.8% to $4 billion, which was 20 million less than expected. For 2024 Management guides Revenue growth of 2 to 4% with organic growth of 1 to 3% and GAAP EPS of $10.00 to $10.40, a year-over-year increase of 5% at the mid-point.


  • Eaton Corporation plc (ETN) Reports Fourth Quarter 2023 Results; ETN reports fourth quarter Non-GAAP EPS of $2.55, 23.8% above from last year and $0.08 ahead of estimates. Revenue grew 10.8% to $6 billion, topping estimates $90 million. Management guides Adjusted earnings per share for 2024 to be between $9.95 and $10.35, up 11% at midpoint over 2023.


February 2, 2024



  • Brookfield Renewable (BEP,BEPC) Increases Quarterly Distribution and Dividend; BEP's Board of Directors has declared a quarterly distribution in the amount of $0.355 per LP unit, is payable on March 28, 2024 to unitholders of record as at the close of business on February 29, 2024. This represents a 5% increase to our distribution. In conjunction with the Partnership’s distribution declaration, the Board of Directors of BEPC have declared an equivalent quarterly dividend of $0.355 per share, also payable on March 28, 2024 to shareholders of record as at the close of business on February 29, 2024.



  • Chevron Corporation (CVX) Increases Quarterly Dividend; CVX’s Board of Directors declared an 8 percent increase in the quarterly dividend to one dollar and sixty-three cents ($1.63) per share, payable March 11, 2024, to all holders of common stock at the close of business on February 16, 2024.






Articles that caught my attention:





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