Sunday, March 17, 2024

Week in Review 11/24


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 11, 2024

  • €66.68– Chevron Corporation (CVX)
  • €86.24– Target Corporation (TGT)
  • €21.48– Emerson Electric Co. (EMR)
  • €72.00– United Parcel Service, Inc. (UPS)
  • €32.39– Magna International Inc. (MGA)

March 12, 2024

  • €11.08– Walgreens Boots Alliance, Inc. (WBA)

March 13, 2024

  • €50.89– LyondellBasell Industries N.V. (LYB)
  • €9.31– Metro Inc. (TSE:MRU)
  • €26.77– Global X SuperDividend™ ETF (SDIV)

March 15, 2024

  • €16.14– Avista Corporation (AVA)
  • €74.98– Prudential Financial, Inc. (PRU)

Week 11: Total net dividends €467.96

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

Portfolio Holdings News:

March 12, 2024

  • Archer-Daniels-Midland Company (ADM) Reports Fourth Quarter Earnings and Full-Year 2023 Results; ADM reports Non-GAAP EPS of $1.36, missing analyst estimates by $0.07 and decreased 29.5% year-over-year. Revenue of $22.98 billion misses analyst estimates by $910 million and decreased 11.3% versus the same quarter last year. For the full year 2024 Management expects adjusted earnings per share in the range of $5.25 to $6.25 per share, down 18% at the midpoint compared to 2023 and also announced an additional $2 billion of the Company’s shares under ADM’s existing 200 million share repurchase program that runs through 2024.

March 13, 2024

  • Altria Group, Inc. (MO) Announces Intent to Sell a Portion of its Investment in Anheuser-Busch InBev; MO said it planned to sell a portion of its investment in beer giant Anheuser-Busch InBev (BUD) through a proposed global secondary offering. MO currently holds about 197M shares of AB InBev (BUD), representing an ownership stake of around 10%. The cigarette behemoth, as the selling shareholder, is offering 35M of BUD's shares. MO expects to use the net proceeds for additional share repurchases.

  • Realty Income Corporation (O) Declared Dividend Increase; O announced it has declared an increase in the company's common stock monthly cash dividend to $0.2570 per share from $0.2565 per share, 0.2% increase. The dividend is payable on April 15, 2024, to stockholders of record as of April 1, 2024. This is the 124th dividend increase since Realty Income's listing on the NYSE in 1994.

March 14, 2024

March 15, 2024

  • W. P. Carey Inc. (WPC) Increases Quarterly Dividend; WPC reported that its Board of Directors increased its quarterly cash dividend to $0.865 per share, 0.6% increase from prior dividend of $0.860, equivalent to an annualized dividend rate of $3.46 per share. The dividend is payable on April 15, 2024 to stockholders of record as of March 28, 2024.

  • TC Energy Corporation (TRP) Agrees to Sell Prince Rupert Pipeline Project; TRP announced that it has agreed to sell its Prince Rupert Gas Transmission project (PRGT) to Nisga’a Nation and Western LNG. This transaction demonstrates TRP’s resolve toward delivering its 2024 strategic priorities while facilitating the development of critical energy infrastructure.

Articles that caught my attention:

Thanks for stopping by!

1 comment:

  1. Regarding Altria:
    From what I can see, the investment in Anheuser-Busch does make sense to sell and repurchase own shares. Anheuser is paid, from what I can see, twice per earned USD (P/E) vs Altria. Also Anheuser does pay a lousy dividend of 1.4% hence from cash flow point of view does not make sense to have a large investment. Did u do a comparison of the 3 giants in the sector; BAT, Philip Morris (PM) and Altria? Altria and BAT seems to be similar in approach vs PM which has invested a lot and is pushing on next generation? However from what I could see PM profit margin has eroded and still share literally pays the double vs at least BAT but I belive also Altria.