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 18, 2024
- €24.66– Duke Energy Corporation (DUK)
- €24.49– NextEra Energy, Inc. (NEE)
- €19.96– Viatris Inc. (VTRS)
- €22.83– McDonald's Corporation (MCD)
- €29.08– Flowers Foods, Inc. (FLO)
- €3.77– Kontoor Brands, Inc. (KTB)
- €25.43– Main Street Capital Corporation (MAIN)
- €33.31– Realty Income Corporation (O)
March 19, 2024
- €67.68– Manulife Financial Corporation (MFC)
March 20, 2024
- €18.25– Dominion Energy, Inc. (D)
- €5.23– V.F. Corporation (VFC)
March 21, 2024
- €13.77– QUALCOMM Incorporated (QCOM)
- €23.04– The Home Depot, Inc. (HD)
- €24.17– RTX Corporation (RTX)
March 22, 2024
- €25.65– Golar LNG Limited (GLNG)
- €11.88– L3Harris Technologies, Inc. (LHX)
Week 12: Total net dividends €373.20
Dividend income is reported after the deduction of taxes. Check more at my Monthly Dividend sheet.
Portfolio Holdings News:
March 19, 2024
- Unilever PLC (UL) to accelerate Growth Action Plan through separation of Ice Cream and launch of productivity programme; UL plans to spin off its ice cream unit into a standalone business, as part of a new cost-savings program, that would also cut 7,500 jobs, the consumer goods company said Tuesday. The separation will begin immediately, and is expected by the end of 2025.
- Altria Group, Inc. (MO) Enters $2.4 Billion Accelerated Share Repurchase Transactions; MO announces that the company entered accelerated share repurchase transactions under separate agreements with Morgan Stanley and Goldman Sachs on March 15 to repurchase $2.4B worth of its stock.
- Pembina Pipeline Corporation (PPL) Receives Canadian Competition Bureau Approval for the Proposed Acquisition of Enbridge’s Interest in Alliance/Aux Sable; PPL announced that it has received a "no-action letter" from the Canadian Competition Bureau confirming that the Commissioner of Competition does not intend to challenge the proposed acquisition by Pembina of Enbridge’s interest in the Alliance, Aux Sable, and NRGreen joint ventures (the "Transaction"). The receipt of the "no-action letter" satisfies the last material regulatory condition necessary for completion of the Transaction, which is expected to occur on April 1, 2024.
March 20, 2024
- General Mills, Inc. (GIS) Reports Fiscal 2024 Third-quarter Results; GIS reports Non-GAAP EPS of $1.17, beating analyst estimates by $0.12 and increasing 22% year-over-year. Revenue of $5.1 billion beats analyst estimates by $130 million but decreased 1% versus the same quarter last year. For FY 2024 Management guides organic net sales to be range between down 1 percent and flat and adjusted diluted EPS to increase 4 to 5 percent in constant currency.
- Power Corporation of Canada (TSE:POW) Reports Fourth Quarter and 2023 Financial Results; POW reports Non-GAAP EPS of C$0.89, missing analyst estimates by C$0.19 but increasing 50.9% year-over-year. Adjusted net asset value per share was C$53.53 at December 31, 2023, compared with C$41.91 at December 31, 2022, an increase of 27.7%.
- Power Corporation of Canada (TSE:POW) Increased Dividend; The Board of Directors of POW declared a quarterly dividend of 56.25 cents per share, an increase of 7.1%, payable May 1, 2024 to shareholders of record March 28, 2024.
March 21, 2024
- General Dynamics Corporation (GD) awarded a $145M cost-plus-fixed-fee modification to previously awarded contract (N00024-19-C-2125) for engineering, technical, design agent, and planning yard support for operational strategic and attack submarines.
- RTX Corporation (RTX) Awarded $1.2 Billion Contract; RTX was awarded a $1.2 billion contract to supply Germany with Patriot® air and missile defense systems. These systems will augment Germany's existing air defense infrastructure with additional Patriot equipment.
March 22, 2024
- Gilead Sciences, Inc. (GILD) Announces Completion of Acquisition of CymaBay; GILD announced the completion of the previously announced transaction to acquire CymaBay Therapeutics, Inc. (Nasdaq: CBAY) for approximately $4.3 billion in total equity value. Management expect this transaction to reduce Gilead’s GAAP and non-GAAP 2024 EPS by approximately $3.35 - $3.45 relative to the full year 2024 guidance shared on February 6, 2024.
Articles that caught my attention:
- Undervalued Dividend Growth Stock of the Week: UnitedHealth (UNH) by Jason Fieber at Daily Trade Alert
- Five Dividend Growth Companies Increasing Dividends Last Week by Dividend Growth Investor
- How To Build Your Dividend Growth Portfolio From Scratch by Sure Dividend
- More Big Changes To My Dividend Growth Portfolio by Nicholas Ward at Seeking Alpha
- American Electric Power: Buy This Dividend Stock On Sale by Kody's Dividends at Seeking Alpha
- 7%-Yielding TC Energy May Be One Of The Best Income Plays On The Market by Leo Nelissen at Seeking Alpha
- Schwab Dividend Index 2024 Annual Reconstitution by Dividend Growth Investor
- Where to put your cash right now by Mark at My Own Advisor
- Weak Dividend Triangle = Sell? [Podcast] by Mike at The Dividend Guy Blog
- Seed These 3 Dividend Stocks for a Bright Spring in 2024 by Alexandru Artenie at Dividend Power
- 11 High-Quality Blue Chips Potentially Poised To Pop by Dividend Sensei at Seeking Alpha
- UK High Yield Dividend Aristocrats 2024 by Prakash Kolli at Dividend Power
- Becton, Dickinson and Co. (BDX) Dividend Stock Analysis by D4L at Dividend Growth Stocks
- Build A $100,000 Dividend Snowball With A 7%-Yielding Portfolio by Samuel Smith at Seeking Alpha
- Meta Platforms: The Future King Of Dividend Growth by Dividendology at Seeking Alpha
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