Sunday, February 11, 2024

Week in Review 6/24



 

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:



February 8, 2024


  • €114.77– Telia Company (TELIA)
  • €3.11– JPM Global Equity Premium Income UCITS ETF (JGPI.DE)


February 9, 2024


  • €36.42– General Dynamics Corporation (GD)


Week 6: Total net dividends €154.30


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



My Portfolio's Transactions:



February 5, 2024


  • I purchased 49 shares of Global Equity Premium Income UCITS ETF (JGPI.DE) at €24.14 per share plus commission.


Based on the latest announcement, JGPI pays a dividend of $0.1112 per month. If the dividend remains at this level in the future, it will mean that, at today's exchange rate, that purchase 49 shares of JGPI will increase €36.54 of my expected annual net dividend income. With purchase price €24.14 plus commission (€2.50) my yield on cost is 4.48%. After this acquisition, JGPI’s weight of my portfolio is about 0.36% and its share of future annual dividend income is approximately 0.33%. My plan is to increase the amount of JGPI in my portfolio each month.



Portfolio Holdings News:



February 5, 2024


  • Nordea Bank Abp (NDA) Reports Fourth-Quarter and Full-Year Results 2023; NDA reports fourth quarter EPS of €0.31, 11% below last year's result and €0.05 less than expected. Revenue grew 0.6% to €2,915 million, which was €110 million less than expected. CET1 ratio increased to 17.0% from 16.3% the previous quarter, supported by solid net profit generation. NDA’s Board has proposed a dividend of €0.92 per share for 2023, an increase of 15% compared with 2022.



  • Lockheed Martin Corporation (LMT) has secured a not-to-exceed $150.56 million undefinitized modification to a firm-fixed-price, cost-plus-fixed-fee order against a previously issued basic ordering agreement.


  • Air Products and Chemicals, Inc. (APD) Reports Fiscal 2024 First Quarter Results; APD reports Non-GAAP EPS of $2.82, missing analyst estimates by $0.18 but increased 7% year-over-year. Revenue of $3 billion misses analyst estimates by $210 million and decreased 5.6% versus the same quarter last year. Management updated fiscal 2024 full-year adjusted EPS guidance of $12.20 to $12.50, up six to nine percent over prior year adjusted EPS; fiscal 2024 second quarter adjusted EPS guidance of $2.60 to $2.75.


February 6, 2024



  • Gilead Sciences, Inc. (GILD) Announces Quarter Dividend Increase; GILD announced that the company’s Board of Directors has declared an increase of 2.7% in the company’s quarterly cash dividend, beginning in the first quarter of 2024. The increase will result in a quarterly dividend of $0.77 per share of common stock. The dividend is payable on March 28, 2024, to stockholders of record at the close of business on March 15, 2024.


  • Amgen Inc. (AMGN) Reports Fourth Quarter and Full Year 2023 Results; AMGN reports fourth quarter Non-GAAP EPS of $4.71, 15% above from last year and $0.12 ahead of estimates. Revenue grew 19.9% to $8.2 billion, topping estimates $90 million. For 2024 Management guides Total revenues in the range of $32.4 billion to $33.8 billion and Non-GAAP EPS in the range of $18.90 to $20.30.


  • V.F. Corporation (VFC) Reports Third Quarter Fiscal 2024 Results; VFC reports Non-GAAP EPS of $0.57, missing analyst estimates by $0.21 and decreasing 49.1% year-over-year. Revenue of $3 billion misses analyst estimates by $250 million and decreased 15% versus the same quarter last year. Management reaffirmed its free cash flow guidance for FY24 of approximately $600 million.


  • Prudential Financial, Inc. (PRU) Announces Fourth Quarter 2023 Results; PRU reports Non-GAAP EPS of $2.58, missing analyst estimates by $0.09 but increasing 3.6% year-over-year. Adjusted book value per Common share of $96.64 versus $94.69 per share for the year-ago quarter. Assets under management of $1.450 trillion versus $1.377 trillion for the year-ago quarter. The Company’s Board of Directors has authorized the repurchase of up to $1.0 billion of outstanding Common Stock during the period from January 1, 2024 through December 31, 2024.




February 7, 2024


  • Avista Corporation (AVA) Increases Dividend; AVA board of directors has declared a quarterly dividend of $0.475 per share on the company’s common stock, an increase of 3.3%. The common stock dividend is payable March 15, 2024, to shareholders of record at the close of business on February 23, 2024.


  • CVS Health Corporation (CVS) Reports Fourth Quarter and Full-Year 2023 Results; CVS reports fourth quarter Non-GAAP EPS of $2.12, 3.9% above last year's result and $0.13 more than expected. Revenue of $93.8 billion beating analyst estimates by $3.08 billion and increased 11.9% versus the same quarter last year. For 2024 Management Revised Adjusted EPS guidance to at least $8.30 from at least $8.50 and revised cash flow from operations guidance to at least $12.0 billion from at least $12.5 billion.


  • Walgreens Boots Alliance, Inc. (WBA) Sells Shares of Cencora; WBA announced that it has sold shares of Cencora, Inc. (NYSE: COR) common stock pursuant to Rule 144 for proceeds of approximately $942 million and, subject to the completion of the Rule 144 sale, a concurrent share repurchase by Cencora in the amount of approximately $50 million.


  • Lockheed Martin Corporation (LMT) awarded a $193.79M cost-plus-incentive-fee contract modification (P00075) to a previously awarded contract (N00030-19-C-0025) for the design, development, build, and integration of equipment for missile flight test demonstrations and fielding.






February 8, 2024



  • Sampo plc (SAMPO) Reports Fourth Quarter and Full Year 2023 Results; SAMPO reports Earnings per share of €0.76, beating analyst estimates by €0.12. Profit before taxes rose 110% to €368 million, missing estimates by €17 million. The Board proposes a EUR 1.80 dividend per share, including a regular dividend of €1.60 per share and an extra dividend of €0.20 per share.


  • Unilever PLC (UL) Reports 2023 Full Year Results: UL reports FY Non-GAAP EPS of €2.60, 1.4% above last year's result. Turnover fell to €59.6 billion from €60.07 billion for the prior year, mainly driven by currency headwinds and net disposals. The group launched a €1.5 billion share buyback program for 2024, set to start in the second quarter. The board declared a fourth-quarter dividend of EUR0.4268, flat on the year prior.


  • Duke Energy Corporation (DUK) Reports Fourth-Quarter and Full-Year 2023 Financial Results; DUK reports Non-GAAP EPS of $1.51, missing analyst estimates by $0.03 but increased 36% year-over-year. Revenue of $7.21 billion beating analyst estimates by $10 million but decreased 1.9% versus the same quarter last year. Management guides 2024 adjusted EPS of $5.85 to $6.10 and reaffirming its long-term adjusted EPS growth rate of 5% to 7% through 2028 off the 2024 midpoint of $5.98.


  • ConocoPhillips (COP) Reports Fourth-Quarter and Full-Year 2023 Results; COP reports fourth quarter Non-GAAP EPS of $2.40, 11.4% below last year's result but $0.23 more than expected. Production for the fourth quarter of 2023 was 1,902 MBOED, an increase of 144 MBOED from the same period a year ago. The company’s 2024 production guidance is 1.91 to 1.95 million barrels of oil equivalent per day (MMBOED). First-quarter 2024 production is expected to be 1.88 to 1.92 MMBOED.



  • Baxter International Inc. (BAX) Reports Fourth-Quarter and Full-Year 2023 Results; BAX reports Non-GAAP EPS of $0.88, beating analyst estimates by $0.02 and increased 13% year-over-year. Revenue of $3.89 billion beats analyst estimates by $80 million but decreased 0.3% versus the same quarter last year. For full-year 2024 Management expects sales growth of approximately 2% and adjusted earnings, before special items, of $2.85 to $2.95 per diluted share.



  • Flowers Foods, Inc. (FLO) Reports Fourth Quarter and Full Year 2023 Results; FLO reports fourth quarter Non-GAAP EPS of $0.20, 13% below last year's result and $0.01 less than expected. Revenue grew 4.3% to $1.13 billion, which was in line with expectations. For Fiscal 2024 Management guides Sales in the range of approximately $5.091 billion to $5.172 billion representing 0.0% to 1.6% growth compared to the prior year and Adjusted diluted EPS in the range of approximately $1.20 to $1.30.



  • BCE Inc. (BCE) BCE Reports 2023 Q4 and Full-Year Results; BCE reports Non-GAAP EPS of C$0.76, beating analyst estimates by C$0.03 and increased 7% year-over-year. Revenue rose 0.5% to C$6.47 billion from a year ago, missing analyst estimates by C$20 million. For 2024 Management guides Revenue growth 0% to 4%; Adjusted EBITDA growth 1.5% to 4.5%; Adjusted EPS growth (7%) to (2%); Free cash flow growth (11%) to (3%).


  • BCE Inc. (BCE) Increases Dividend; BCE's Board of Directors has declared a quarterly dividend of C$0.9975 per common share, 3.1% increase from prior dividend of C$0.9675, payable on April 15, 2024 to shareholders of record at the close of business on March 15, 2024.


February 9, 2024


  • NCC AB (NCC) to convert and expand Rimforsa school in Östergötland; NCC has been commissioned by Kinda Municipality to convert and expand Rimforsa school in Östergötland. Rimforsa school is a compulsory school for children aged 5-12 and upon completion, will contain 21 classrooms with associated spaces for up to 483 students. The project is a turnkey contract in partnering form with an order value of approximately SEK 150 million.


  • PepsiCo, Inc. (PEP) Reports Fourth Quarter and Full-Year 2023 Results; PEP reports Non-GAAP EPS of $1.78, beating analyst estimates by $0.06 and increased 9.0% year-over-year. Revenue of $27.85 billion misses analyst estimates by $520 million and decreased 0.5% versus the same quarter last year. Management guides 2024 core EPS of at least $8.15, a 7 percent increase compared to 2023 core EPS of $7.62.


  • PepsiCo, Inc. (PEP) Announces Annual Dividend Increase; PEP announced a 7 percent increase in its annualized dividend to $5.42 per share from $5.06 per share, effective with the dividend expected to be paid in June 2024. This represents the Company’s 52nd consecutive annual dividend per share increase.



  • Magna International Inc. (MGA) Increased Quarterly Dividend; MGA's Board of Directors declared a fourth quarter dividend of $0.475 per Common Share. This represents a 3% increase in our dividend, representing our 14th consecutive year of fourth quarter dividend increases. The dividend is payable on March 8, 2024 to shareholders of record as of the close of business on February 23, 2024.




  • Enbridge Inc. (ENB) Reports 2023 Financial Results; ENB reports Non-GAAP EPS of C$0.64, missing analyst estimates by C$0.04 but increased 1.6% year-over-year. Revenue fell 15.8% to C$11.30 billion from a year ago, missing analyst estimates by 2.01 billion. Management reaffirmed its 2024 financial guidance for EBITDA of C$16.6 billion-C$17.2 billion and DCF per share of C$5.40-C$5.80.


  • Fortis Inc. (FTS) Reports Fourth Quarter & Annual 2023 Results; FTS reports quarterly Non-GAAP EPS of C$0.72 for the quarter ended in December, identical to the same quarter last year and beating analyst estimates by C$0.01. Revenue fell 8.9% to C$2.89 billion from a year ago missing analyst estimates by C$330 million.



Articles that caught my attention:





Thanks for stopping by!


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