Sunday, February 18, 2024

Week in Review 7/24



 

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 13, 2024


  • €17.91– Texas Instruments Incorporated (TXN)
  • €27.19– Global X SuperDividend™ ETF (SDIV)


February 14, 2024


  • €47.67– ONEOK, Inc. (OKE)


February 15, 2024


  • €48.69– Kinder Morgan, Inc. (KMI)
  • €85.72– AbbVie Inc. (ABBV)
  • €25.72– Main Street Capital Corporation (MAIN)
  • €33.69– Realty Income Corporation (O)
  • €20.68– Ally Financial Inc. (ALLY)
  • €85.45– Omega Healthcare Investors, Inc. (OHI)


February 16, 2024


  • €50.57– Unum Group (UNM)
  • €51.49– Emera Incorporated (TSE:EMA)



Week 7: Total net dividends €494.78


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



Portfolio Holdings News:



February 12, 2024





February 13, 2024


  • Orion Corporation (ORION) Reports Fourth-Quarter and Full-Year Results 2023; ORION reports fourth quarter EPS of €0.54, 135% above last year's result and €0.11 more than expected. Revenue grew 9% to €321 million, which was €2 million more than expected. Management guides net sales to be €1,340 million to €1,410 million and operating profit to be €270 million to €310 million. The Board of Directors proposes a dividend of €1.62 per share to be paid for 2023.




  • Eversource Energy (ES) Reports Full-Year Results; ES reports Non-GAAP EPS of $0.95, missing analyst estimates by $0.02 but increasing 3.3% year-over-year. Revenue fell 11.2% to $2.69 billion, missing analyst estimates by $550 million. For FY 2024 Management guides adjusted EPS of $4.50-$4.67 and and said it is exploring the potential sale of its Aquarion water distribution business.


  • The Coca-Cola Company (KO) Reports Fourth Quarter and Full-Year 2023 Results; KO reports fourth quarter Non-GAAP EPS of $0.49, 10% above from last year and in line with estimates. Revenue grew 6.9% to $10.8 billion, topping estimates $150 million. Management expects to deliver comparable currency neutral EPS (non-GAAP) growth of 8% to 10% and comparable EPS (non-GAAP) growth of 4% to 5%, versus $2.69 in 2023 and expects to generate free cash flow (non-GAAP) of approximately $9.2 billion through cash flow from operations of approximately $11.4 billion, less capital expenditures of approximately $2.2 billion.



February 14, 2024



  • Avance Gas Holding Ltd (AVANCE) Reports Fourth Quarter 2023 Earnings; AVANCE reports fourth quarter GAAP EPS of $0.80, 77.8% above from last year and in line with estimates. Revenue grew 65% to $111.22 million, topping estimates $20.83 million. The board declared a dividend of $0.65 per share for the fourth quarter 2023, 30% more than from the third quarter.


  • Koninklijke Ahold Delhaize N.V. (AMS:AD) Reports Q4 2023 Financial Results; AD reports fourth quarter Non-GAAP EPS of €0.73, 2.5% above from last year and €0.07 ahead of estimates. Revenue grew 1.9% at constant exchange rates to €23.02 billion, topping estimates €3 million. Management proposes a cash dividend of €1.10 for fiscal year 2023, which is a 4.8% increase compared to 2022. For 2024 Management guides underlying operating margin of ≥4.0%, underlying EPS at around 2023 levels, free cash flow of around €2.3 billion and net capital expenditures of around €2.2 billion.


  • Cisco Systems, Inc. (CSCO) Reports Second Quarter Earnings; CSCO reports second quarter Non-GAAP EPS of $0.87, 1% below last year's result but $0.03 more than expected. Revenue of $12.8 billion beats analyst estimates by $100 million but decreased 5.9% versus the same quarter last year. For fiscal year 2024 Management guides Revenue of $51.5 billion to $52.5 billion and Non-GAAP EPS of $3.68 to $3.74.


  • Cisco Systems, Inc. (CSCO) Increased Quarterly Dividend; CSCO declared a quarterly dividend of $0.40 per common share, a 1-cent increase or up 3%, over the previous quarter's dividend, to be paid on April 24, 2024, to all stockholders of record as of the close of business on April 4, 2024.


  • The Kraft Heinz Company (KHC) Reports Fourth Quarter and Full Year 2023 Results; KHC reports fourth quarter Non-GAAP EPS of $0.78, 8.2% below from last year but $0.01 ahead of estimates. Revenue of $6.9 billion misses analyst estimates by $80 million and decreased 7.1% versus the same quarter last year. For fiscal year 2024 Management guides Net Sales growth of 0 to 2 percent versus the prior year, Adjusted Operating Income growth of 2 to 4 percent versus the prior year and Adjusted EPS growth of 1 to 3 percent, or in the range of $3.01 to $3.07.



  • Manulife Financial Corporation (MFC) Increased Quarterly Dividend; MFC s Board of Directors today announced an increase of 9.6% or 3.5 cents per share to its quarterly common shareholders’ dividend resulting in a dividend of $0.40 per share on the common shares of Manulife, payable on and after March 19, 2024, to shareholders of record at the close of business on February 28, 2024.


February 15, 2024


  • The Coca-Cola Company (KO) Increased Quarterly Dividend; The Board of Directors of KO today approved the company’s 62nd consecutive annual dividend increase, raising the quarterly dividend approximately 5.4% from 46 cents to 48.5 cents per common share. The first quarter dividend is payable April 1 to shareowners of record as of March 15.


  • Digital Realty Trust, Inc. (DLR) Reports Fourth Quarter 2023 Results; DLR reports Core FFO per share of $1.63, missing analyst estimates by $0.03 and decreasing 1.2% year-over-year. Revenue of $1.4 billion, in line with analyst estimates and increased 11% versus the same quarter last year. Management guides 2024 Core FFO per share of $6.60 - $6.75.



February 16, 2024


  • NextEra Energy, Inc. (NEE) Increases Quarterly Dividend; The board of directors of NEE declared a regular quarterly common stock dividend of $0.515 per share, an approximate 10% increase versus the prior-year comparable quarterly dividend. The dividend is payable on March 15, 2024, to shareholders of record on Feb. 27, 2024. The board also approved an updated dividend policy beyond 2024, which is expected to translate to a growth rate in dividends per share of roughly 10% per year through at least 2026, off a 2024 base, which is expected to be $2.06 per share.


  • TC Energy Corporation (TRP) Reports 2023 Operating And Financial Results; TRP reports Q4 Non-GAAP EPS of C$1.35, beating analyst estimates by C$0.24 and increasing 22% year-over-year. For 2024 Management guides Comparable EBITDA to be C$11.2 to C$11.5 billion, Comparable earnings per common share is expected to be lower than 2023 and capital expenditures are anticipated to be approximately C$8.5 to C$9.0 billion.


  • TC Energy Corporation (TRP) Increased Quarterly Dividend; TRP announced that its Board of Directors declared a quarterly dividend of C$0.96 per common share, an increase of 3.2%. The common share dividend is payable on Apr. 30, 2024, to shareholders of record at the close of business on Mar. 28, 2024.



Articles that caught my attention:





Thanks for stopping by!


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