Week in Review 14/24

 

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:

April 2, 2024

• €9.80– Eversource Energy (ES)
• €30.86– UGI Corporation (UGI)
• €27.42– The Kraft Heinz Company (KHC)
• €10.98– Kimberly-Clark Corporation (KMB)
• €12.07– Baxter International Inc. (BAX)
• €87.77– PepsiCo, Inc. (PEP)
• €50.47– The Coca-Cola Company (KO)
• €43.18– Lockheed Martin Corporation (LMT)
• €19.59– Eaton Corporation plc (ETN)
• €19.60– Union Pacific Corporation (UNP)
• €65.36– Ares Capital Corporation (ARCC)
• €13.16– LTC Properties, Inc. (LTC)
• €73.09– TELUS Corporation (TSE:T)

April 3, 2024

• €181.04– Orion Corporation (ORNBV)
• €196.71– Nordea Bank Abp (NDA)

Week 14: Total net dividends €841.07

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

My Portfolio's Transactions:

April 5, 2024

• I purchased 51 shares of Global Equity Premium Income UCITS ETF (JGPI.DE) at €24.11 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 €51.96 of my expected annual net dividend income. With purchase price €24.11 plus commission (€2.50) my yield on cost is 6.07%. After this acquisition, JGPI’s weight of my portfolio is about 0.71% and its share of future annual dividend income is approximately 0.93%. For now, my plan is to increase the amount of JGPI in my portfolio on a monthly basis.

Portfolio Holdings News:

April 1, 2024

• Dominion Energy's, Inc. (D) New solar projects approved; D said it was approved by the Virginia State Corporation Commission to add more than a dozen new solar projects to its fleet in the state through new installations, acquisitions and offtake deals. The projects will generate 764 megawatts (MW) of electricity, enough to power nearly 200,000 homes at peak output, and include four solar projects totaling 329 MW that will be owned or acquired by Dominion Energy Virginia. They also include 13 power-purchase agreements (PPAs) totaling 435 MW with independently owned solar projects.

• United Parcel Service, Inc. (UPS) Announces Significant Partnership Expansion with USPS; UPS announced the company has been awarded a significant air cargo contract by the United States Postal Service (USPS). This award is effective immediately and greatly expands the existing relationship between the two organizations. Following a transition period, UPS will become the USPS’s primary air cargo provider and move the majority of USPS air cargo in the US.

• Pembina Pipeline Corporation (TSE: PPL) Announces Closing of Acquisition of Enbridge’s Interest in Alliance/Aux Sable; PPL announced that it has completed its previously announced acquisition of Enbridge’s interest in the Alliance, Aux Sable, and NRGreen joint ventures. In conjunction with closing, PPL has updated its 2024 adjusted EBITDA guidance range to $4.05 billion to $4.30 billion (previously $3.725 to $4.025 billion).

April 2, 2024

• Duke Energy Corporation (DUK) Files For New Base Rates; DUK's Florida unit said it filed for new base rates with state regulators, requesting nearly $820M in revenue during 2025-27, a cost which would be passed onto customers. Duke Energy Florida, which serves nearly 2M people, said the base rate filing aims to help it increase efficiency and reduce outages while investing in 14 new solar sites totaling 1,050 MW.

April 3, 2024

• LTC Properties, Inc. (LTC) Originates $12.7 Million Loan for Purchase of Skilled Nursing/Assisted Living Campus; LTC said it had originated a $12.7M senior loan to Ignite Medical Resorts, a current LTC operator, for the purchase of a skilled nursing and assisted living campus in Katy, Texas. LTC expects this investment to generate approximately $884,000 of revenue in 2024.

April 4, 2024

• NCC AB (NCC) to construct high school in Lieto, Finland; NCC has signed an agreement with the City of Lieto to expand Taatila elementary school with a high school for approximately 500 students. The project is a turnkey contract, and the order value is approximately SEK 195 million.

• Duke Energy Corporation (DUK) to sell stake in Pioneer Transmission joint venture to John Laing; DUK announced it has reached an agreement to sell its 50% ownership interest in Pioneer Transmission LLC (Pioneer) to John Laing Group (John Laing), an international investor and active manager of core infrastructure assets. DUK will use the proceeds from the sale to invest in its clean energy transition in its state-regulated utilities.

• McDonald's Corporation (MCD) Announces Agreement to Buy McDonald’s Business in Israel; MCD said it will buy its 30-years old Israel franchise from Alonyal, acquiring 225 restaurants that employ more than 5,000 employees.

April 5, 2024

• Johnson & Johnson (JNJ) to Acquire Shockwave Medical; JNJ and Shockwave Medical, Inc. (Nasdaq: SWAV) announced that they have entered into a definitive agreement under which Johnson & Johnson will acquire all outstanding shares of Shockwave for $335.00 per share in cash, corresponding to an enterprise value of approximately $13.1 billion including cash acquired. The transaction was approved by both companies’ boards of directors.

• Lockheed Martin Corporation (LMT) Announces Sale of 35 UH-60M Black Hawk Helicopters to Greece; LMT announced that the Government of Greece signed a letter of offer and acceptance for the procurement of 35 UH-60M Black Hawk helicopters built by Sikorsky.

• L3Harris Technologies, Inc. (LHX) Announces Definitive Agreement to Sell Non-Core Assets; LHX has signed a definitive agreement under which an affiliate of Kanders & Company, Inc. will acquire its antenna and related businesses for $200 million. The transaction is expected to close this quarter and is subject to customary closing conditions and regulatory approvals.

Articles that caught my attention:

• Undervalued Dividend Growth Stock of the Week: Realty Income (O) by Jason Fieber at Daily Trade Alert
• The best first quarter since 2019. Plus, the Sunday Reads by Dale Roberts at Cut the Crap Investing
• 10 Dividend Growth Stocks: March 2024 by FerdiS at Seeking Alpha
• The Intersection of Dividend Investing and Financial Planning by Prakash Kolli at Dividend Power
• Enterprise Products Partners Could Be Your New Dividend Hero - 7.1% Yield by Leo Nelissen at Seeking Alpha
• VICI Properties: This 6% Passive Income Play Is A No-Brainer by On the Pulse at Seeking Alpha
• Paychex Exposure Increased by Charles Fournier at Financial Freedom Is A Journey
• Stocks Sold: A Look Back at Mike’s Trades [Podcast] by Mike at The Dividend Guy Blog
• The Pros and Cons of DIY Investing by Craig Stephens at Retire Before Dad
• BIP! BEP! BAM! Explaining the Brookfield Companies by Dividend Monk
• Enterprise Products Vs. Brookfield Renewable: Only One Is A Strong Buy by Samuel Smith at Seeking Alpha
• 2024 Dividend Aristocrats List: All 67 + Our Top 5 Picks by Simply Safe Dividends
• 2 Fat Dividends I Am Buying Now by Rida Morwa at Seeking Alpha
• Leggett & Platt, Inc. (LEG) Dividend Stock Analysis by D4L at Dividend Growth Stocks
• Building A $1.4 Million Retirement Fund: 4 Stocks Yielding Up To 6% To Get The Job Done by Leo Nelissen at Seeking Alpha

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