Sunday, March 10, 2024

Week in Review 10/24



 

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:



March 4, 2024


  • €17.19– WEC Energy Group, Inc. (WEC)
  • €16.06– ConocoPhillips (COP)
  • €71.94– Pfizer Inc. (PFE)
  • €3.56– Visa Inc. (V)
  • €103.91– Enbridge Inc. (ENB)
  • €50.62– Fortis Inc. (FTS)
  • €36.65– Canadian Utilities Limited (CU)


March 5, 2024


  • €48.90– Johnson & Johnson (JNJ)


March 7, 2024


  • €7.05– JPM Global Equity Premium Income ETF (JGPI.DE)


March 8, 2024


  • €15.39– Amgen Inc. (AMGN)


Week 10: Total net dividends €371.27


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



My Portfolio's Transactions:



March 5, 2024


  • I purchased 51 shares of Global Equity Premium Income UCITS ETF (JGPI.DE) at €24.09 per share plus commission.


Based on the latest announcement, JGPI pays a dividend of $0.1316 per month. If the dividend remains at this level in the future, it will mean that, at today's exchange rate, that purchase 51 shares of JGPI will increase €51.52 of my expected annual net dividend income. With purchase price €24.09 plus commission (€2.50) my yield on cost is 6.04%. After this acquisition, JGPI’s weight of my portfolio is about 0.54% and its share of future annual dividend income is approximately 0.68%. For now, my plan is to increase the amount of JGPI in my portfolio on a monthly basis.



Portfolio Holdings News:



March 4, 2024


  • RTX Corporation's (RTX) Pratt & Whitney engines selected for 35 Airbus aircraft; Pratt & Whitney, an RTX business, announced that Icelandair has selected GTF engines to power up to 35 new Airbus A320neo family aircraft, comprising a mix of leased and purchased A321XLR and A321LR aircraft. The airline has also selected an EngineWise agreement for the long-term maintenance, repair and overhaul of its GTF engines.


  • Digital Realty Trust, Inc. (DLR) and Mitsubishi Corporation Form Data Center Development Joint Venture; DLR and Mitsubishi Corporation, announced the formation of a new joint venture to support the development of two data centers in the Dallas metro area, which are 100% pre-leased to an S&P 100 investment grade customer on a long-term basis. Mitsubishi has acquired a 65% equity interest in the venture for an initial contribution of approximately $200 million, while Digital Realty maintains a 35% interest and will manage the development and day-to-day operations of the joint venture, for which it will receive customary fees.



March 5, 2024


  • NCC AB (NCC) to build new school in Västerås; NCC will build a new school with associated sports hall and schoolyard in partnership with the City of Västerås in Sweden. The new school will be located in Fredriksdal, part of the growing Gäddeholm area, east of Västerås. The project is a turnkey contract in partnering form with an order value of approximately SEK 450 million.


  • QUALCOMM Incorporated (QCOM) Increases Quarterly Dividend; QCOM announced that its Board of Directors has approved an increase in the Company’s quarterly cash dividend from $0.80 to $0.85 per share of common stock. This dividend increase will be effective for quarterly dividends payable after March 21, 2024.


  • Target Corporation (TGT) Reports Fourth Quarter and Full-Year 2023 Earnings; TGT reports Non-GAAP EPS of $2.98, beating analyst estimates by $0.56 and increased 57.6% year-over-year. Revenue of $31.47 billion misses analyst estimates by $400 million but increased 1.6% versus the same quarter last year. For first quarter 2024, Management expects a comparable sales decline of 3 to 5 percent. First quarter GAAP and Adjusted EPS are both expected to range from $1.70 to $2.10.


  • Lockheed Martin Corporation (LMT) has been awarded a $219.71 million modification to contract W31P4Q-23-C-0052 for the Precision Strike Missile Early Operational Capability Lot 3 requirement.


  • General Dynamics Mission Systems, a unit of General Dynamics Corporation (GD) has secured a $239.3 million contract for the U.S. Battlefield Information Collection and Exploitation System, trusted network environment cross domain solution.


March 6, 2024


  • General Dynamics Corporation (GD) Increases Dividend; The board of directors of GD declared a regular quarterly dividend of $1.42 per share on the company’s common stock, payable May 10, 2024, to shareholders of record on April 12, 2024. This is the 27th consecutive annual dividend increase authorized by the General Dynamics board and represents a 7.6% increase over last year’s dividend.



March 7, 2024


  • Johnson & Johnson (JNJ) Completes Acquisition of Ambrx; JNJ announced it has successfully completed the acquisition of Ambrx Biopharma, Inc. 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, as announced on January 8, 2024. The transaction will be accounted for as a business combination.


March 8, 2024





Articles that caught my attention:





Thanks for stopping by!


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2 comments:

  1. AnonymousMarch 13, 2024 at 9:37 PM

    Hi, so you that you will increase JPGI position every month. Does this mean you won't be buying individual stocks anymore?

    ReplyDelete
    Replies
    1. DividendHawkMarch 14, 2024 at 5:58 PM

      Hi, I will certainly continue to buy individual stocks, if possible every month, but for now I want to increase the amount of JGPI in my portfolio.

      Thanks for visiting,
      DH

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