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 25, 2024
- €28.62– Unilever PLC (AMS:UNA)
March 28, 2024
- €48.99– Brookfield Renewable Corporation (BEPC)
- €117.36– Brookfield Infrastructure Corporation (BIPC)
- €21.08– Gilead Sciences, Inc. (GILD)
- €59.89– T. Rowe Price Group, Inc. (TROW)
- €32.10– Main Street Capital Corporation (MAIN)
- €21.60– Crown Castle Inc. (CCI)
- €100.23– Digital Realty Trust, Inc. (DLR)
- €57.88– Pembina Pipeline Corporation (TSE:PPL)
- €21.60– Canadian National Railway Company (TSE:CNR)
Week 13: Total net dividends €496.37
Dividend income is reported after the deduction of taxes. Check more at my Monthly Dividend sheet.
My Portfolio's Transactions:
March 25, 2024
- I purchased 35 shares of TC Energy Corp (TSE:TRP) at C$55.15 per share plus commission.
At today's exchange rate, that purchase 35 shares of TRP will increase €68.67 of my expected annual net dividend income. Following this acquisition, the portfolio now contains a total of 170 TC Energy Corp shares at an average purchase price of C$56.67 and yield on cost is 6.78%. After this acquisition, TRP ’s weight of my portfolio is about 0.92% and its share of future annual dividend income is approximately 1.48%.
Portfolio Holdings News:
March 25, 2024
- Manulife Financial Corporation (TSE:MFC) Announces Largest Canadian Universal Life Reinsurance Transaction; The Manulife Life Insurance Company, owned by Manulife Financial Corp. (MFC), has agreed to reinsure C$5.8B ($4.3B) of Canadian policies with RGA Life Reinsurance Co. of Canada, a subsidiary of Reinsurance Group of America (NYSE:RGA)
March 26, 2024
- NCC AB (NCC) signs asphalt contracts valued at over SEK 0.5bn in Norway; To date this year, NCC in Norway has signed nine asphalt contracts with the Norwegian Public Roads Administration and several regions in Norway. The contracts extend for one year and have a combined value of approximately SEK 540 million.
- General Dynamics Corporation (GD) was awarded a $311.19M firm-fixed-price contract action for maintenance, modernization, and repair of the USS Bataan (LHD 5) fiscal 2024 docking selected restricted availability.
- United Parcel Service, Inc. (UPS) Announces Strategic Initiatives And Three-Year Financial Targets; UPS expects its 2026 revenue to be between $108 billion - $114 billion, expects 2026 supply chain solutions adjusted operating margin of around 12%, free cash flow of between $17 billion and $18 billion and capital spending from 2024–2026 of approximately 5.5% of total revenue.
- Enbridge Inc. (ENB) to Enter into JV Connecting Permian Basin Natural Gas Supply to Growing LNG and USGC Demand; ENB announced that it has entered into a definitive agreement with WhiteWater/I Squared Capital ("WhiteWater/I Squared") and MPLX LP ("MPLX") to form a joint-venture that will develop, construct, own, and operate natural gas pipeline and storage assets connecting Permian Basin natural gas supply to growing LNG and U.S. Gulf Coast ("USGC") demand. Enbridge (ENB) will own a 19% stake, WhiteWater and I Squared will hold a combined 50.6%, and MPLX (MPLX) will hold 30.4% in the JV.
March 27, 2024
- Lockheed Martin Corporation (LMT) has secured $439.89 million firm-fixed-price modification to a previously awarded contract.
- RTX Corporation's (RTX) unit has secured $287.0 million modification to a previously awarded contract.
March 28, 2024
- The Home Depot, Inc. (HD) Announces Agreement to Acquire SRS Distribution; HD has agreed to acquire residential specialty trade distribution company, SRS Distribution, in a deal valued at around $18.25B, including net debt. Subject to customary closing conditions, including regulatory approvals, the transaction is expected to be funded through cash on hand and debt and is expected to close by the end of fiscal 2024.
- Walgreens Boots Alliance, Inc. (WBA) Reports Fiscal 2024 Second Quarter Results; WBA reports Q2 Non-GAAP EPS of $1.20, beating analyst estimates by $0.38 and increasing 3.4% year-over-year. Revenue of $37.05 billion beats analyst estimates by $1.22 billion and increased 6.3% versus the same quarter last year. Management narrowing fiscal 2024 adjusted EPS guidance to $3.20 to $3.35.
Articles that caught my attention:
- Undervalued Dividend Growth Stock of the Week: Lockheed Martin (LMT) by Jason Fieber at Daily Trade Alert
- Canadian stocks are better than you think on the Sunday Reads by Dale Roberts at Cut the Crap Investing
- Dividend Stock Watch List: Lanny’s April 2024 Edition by Lanny at Dividend Diplomats
- Ares Capital: Attractive For Income Investors Yielding 9.6% Heading Into A Lower Rate Environment by Steven Fiorillo at Seeking Alpha
- Dividend Aristocrats In Focus: NextEra Energy by Bob Ciura at Sure Dividend
- The 5 Best BDC Dividends In March 2024 by Samuel Smith at Seeking Alpha
- All-Time High, Should I Buy? [Podcast] by Mike at The Dividend Guy Blog
- If I Could Only Own 4 Midstream Stocks, It Would Be These by Samuel Smith at Seeking Alpha
- If I Could Only Own 4 Dividend Funds, It Would Be These by High Yield Investor at Seeking Alpha
- Dividend Aristocrats In Focus: Medtronic by Bob Ciura at Sure Dividend
- Automatic Data Processing (ADP) Is Overvalued by Charles Fournier at Dividend Power
- In Focus: Basic Materials Sector by Dividend Monk
- TD Bank: Now Is A Good Time To Buy This 5%-Yielding Blue-Chip Deal by Kody's Dividends at Seeking Alpha
- Ditch The Drill, Buy The Pipe: Why 5%-Yielding ONEOK Is Smart Energy Play by Leo Nelissen at Seeking Alpha
- General Dynamics (GD) Dividend Stock Analysis by D4L at Dividend Growth Stocks
- Dollar Cost Averaging Versus Lump Sum Investing by Dividend Growth Investor
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