Sunday, February 25, 2024

Week in Review 8/24


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 19, 2024

  • €16.21– The Procter & Gamble Company (PG)

February 22, 2024

  • €14.58– WestRock Company (WRK)

Week 8: Total net dividends €30.79

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

Portfolio Holdings News:

February 19, 2024

February 20, 2024

  • The Home Depot, Inc. (HD) Announces Fourth Quarter and Fiscal 2023 Results; HD reports fourth quarter GAAP EPS of $2.82, 14.6% below last year's result but $0.04 more than expected. Revenue of $34.79 billion beats analyst estimates by $120 million but decreased 2.9% versus the same quarter last year. For FY2024 Management guides total sales growth of approximately 1.0% including the 53rd week, 53rd week projected to add approximately $2.3 billion to total sales.

  • The Home Depot, Inc. (HD) Increases Quarterly Dividend; HD announced that its board of directors approved a 7.7% increase in its quarterly dividend to $2.25 per share, which equates to an annual dividend of $9.00 per share. The dividend is payable on March 21, 2024, to shareholders of record on the close of business on March 7, 2024. This is the 148th consecutive quarter the Company has paid a cash dividend.

  • Main Street Capital (MAIN) Announces New Portfolio Investment; MAIN announced that it recently completed a new portfolio investment to facilitate the recapitalization of a multi-location urgent and general care dental service organization located in the Midwestern U.S. Specifically, MAIN invested $12.8M in a combination of first lien, senior secured term debt and a direct equity investment.

February 21, 2024

  • Avista Corporation (AVA) Announces 2023 Results; AVA reports Q4 GAAP EPS of $1.08, missing analyst estimates by $0.06 but increasing 2.9% year-over-year. Revenue grew 1.5% to $504.44 million, missing estimates by $41.3 million. Management guides 2024 consolidated earnings from $2.36 to $2.56 per diluted share.

  • Nutrien Ltd. (NTR) Increases Quarterly Dividend; NTR announced that its Board of Directors declared a quarterly dividend of US$0.54 per share payable on April 11, 2024, to shareholders of record on March 28, 2024. This represents an approximately two percent increase from the prior dividend.

  • Medical Properties Trust, Inc. (MPW) Reports Fourth Quarter and Full-Year Results; MPW reports fourth quarter NFFO of $0.36, 16.3% below last year's result but $0.07 more than expected. Revenue of -$122.83 million, $380.49 million a year ago quarter. Due to uncertainty regarding its hospitals leased to Steward and the timing of liquidity transactions, Management is not providing an estimate of full-year 2024 net income or normalized funds from operations.

February 22, 2024

  • Essential Utilities, Inc. (WTRG) Reports Financial Results for Full-Year 2023; WTRG reports GAAP EPS of $0.50, missing analyst estimates by $0.01 but increasing 13.6% year-over-year. Revenue of $479.42 million misses analyst estimates by $229 million and decreased 32% versus the same quarter last year. For FY2024 Management guides net income per diluted common share of $1.96 to $2.00.

  • Dominion Energy, Inc. (D) Announces Fourth-Quarter and Full-Year 2023 Earnings; D reports Non-GAAP EPS of $0.29, missing analyst estimates by $0.07 and decreasing 61.8% year-over-year. Revenue of $3.53 billion misses analyst estimates by $50 million and decreased 7.3% versus the same quarter last year. Management schedules business review investor meeting for March 1, 2024, to conclude business review and provide comprehensive update on repositioned strategic and financial outlook.

  • Dominion Energy, Inc. (D) to sell 50% stake in Coastal Virginia Offshore Wind; D announced an agreement to sell a 50% noncontrolling interest in the Coastal Virginia Offshore Wind commercial project (CVOW) to Stonepeak through the formation of an offshore wind partnership. Under the terms of the agreement, at closing Dominion Energy expects to receive proceeds of approximately $3 billion, representing 50% of the CVOW construction costs incurred through closing less $145 million.

  • Main Street Capital (MAIN) Announces 2023 Fourth Quarter and Annual Results; MAIN reports fourth quarter Non-GAAP EPS of $1.12, 9% above from last year and $0.05 ahead of estimates. Total investment income grew 13.5% to $129.3 million, topping estimates $1.75 million. Net asset value of $29.20 per share at December 31, 2023, representing an increase of $0.87 per share, or 3.1%, compared to $28.33 per share at September 30, 2023.

February 23, 2024

Articles that caught my attention:

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