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 15, 2024
- €24.47– Cardinal Health, Inc. (CAH)
- €42.44– W. P. Carey Inc. (WPC)
- €34.23– Realty Income Corporation (O)
April 16, 2024
- €614.63– UPM-Kymmene Corporation (UPM)
- €76.59– NCC AB (NCC)
- €58.15– BCE Inc. (BCE)
- €49.24– Algonquin Power & Utilities Corp. (AQN)
April 17, 2024
- €111.54– Telia Company AB (TELIA1.HE)
Week 16: Total net dividends €1,011.27
Dividend income is reported after the deduction of taxes. Check more at my Monthly Dividend sheet.
Portfolio Holdings News:
April 15, 2024
- Kesko Corporation's (KESKO) sales in March; KESKO’s sales in March decreased by 8.9%, or by 11.8% in comparable terms.
- U.S. Missile Defense Agency Selects Lockheed Martin Corporation (LMT) To Provide Its Next Generation Interceptor; LMT has been awarded a $17B contract to develop the next generation of interceptors that would guard the U.S. against an intercontinental ballistic missile attack
- L3Harris Technologies, Inc. (LHX) Secures U.S. Army Awards ENVG-B Production Order; LHX received a $256 million order from the U.S. Army for continued production of the Enhanced Night Vision Goggle – Binocular (ENVG-B). This is the first order for the ENVG-B’s Program of Record full-scale production IDIQ, which will total nearly $1 billion over 10 years.
- Air Products and Chemicals, Inc. (APD) Receives Funding to Build Two Large-Scale Hydrogen Refueling Stations In Germany; APD received funding from the Ministry of Economic Affairs, Industry, Climate Protection and Energy of the State of North Rhine-Westphalia (NRW) to build two high-capacity, publicly accessible, low-carbon Hydrogen Refueling Stations (HRS) in Duisburg and Meckenheim.
April 16, 2024
- Johnson & Johnson (JNJ) Reports Q1 2024 Results; JNJ reports Non-GAAP EPS of $2.71, beating analyst estimates by $0.06 and increasing 12.4% year-over-year. Revenue grew 2.3% to $21.4 billion, which was in line with estimates. For 2024 Management guided operational sales growth of 5.5-6.0% and adjusted operational EPS of $10.60-10.75 reflecting growth of 7.7% at the mid-point.
- Johnson & Johnson (JNJ) Announces Dividend Increase; JNJ announced that its Board of Directors has declared a 4.2% increase in the quarterly dividend, from $1.19 per share to $1.24 per share, marking the 62nd year of consecutive increases. The next quarterly dividend is payable on June 4, 2024 to shareholders of record at the close of business on May 21, 2024. The ex-dividend date is May 20, 2024.
- Main Street Capital Corporation (MAIN) Announces Preliminary Estimate of First Quarter 2024 Operating Results; MAIN's preliminary estimate of first quarter 2024 net investment income is $1.04 to $1.06 per share and distributable net investment income is $1.10 to $1.12 per share. MAIN's preliminary estimate of net asset value per share as of March 31, 2024 is $29.51 to $29.57, representing an increase of $0.31 to $0.37 per share, or 1.1% to 1.3%, from the NAV per share of $29.20 as of December 31, 2023.
April 17, 2024
- Kinder Morgan, Inc. (KMI) Reports First Quarter 2024 Financial Results; KMI reports first quarter Non-GAAP EPS of $0.34, 13% above from last year and in line with estimates. Revenue fell 1.3% to $3.84 billion, missing analyst estimates by $540 million. DCF of $1,422 million for the quarter, compared to $1,374 million in the first quarter of 2023. For 2024 Management guides net income attributable to KMI of $2.7 billion ($1.22 per share), up 15% versus 2023, DCF of $5 billion ($2.26 per share), and Adjusted EBITDA of $8.16 billion, both up 8% versus 2023.
- Kinder Morgan, Inc. (KMI) Announces Dividend Increase; KMI's board of directors today approved a cash dividend of $0.2875 per share for the first quarter, payable on May 15, 2024, to stockholders of record as of the close of business on April 30, 2024. This dividend is a 2% increase over the first quarter of 2023.
- Crown Castle Inc. (CCI) Reports First Quarter 2024 Results; CCI reports Q1 FFO of $1.72, beating analyst estimates by $0.03 but decreased 10% year-over-year. Revenue fell 7.3% to $1.64 billion, topping estimates $10 million. For 2024 Management guides Site rental billings $5,740 to $5,780M, Site rental revenues $6,347 to $6,392M and AFFO per share $6.85 to $6.97.
April 18, 2024
- Nordea Bank Abp (NDA-FI.HE) Reports First-Quarter Results 2024; NDA reports Q1 diluted earnings per share of €0.38, beating analyst estimates by €0.05 and increased 23% year-over-year. Operating profit grew 19% to €1,763 million from a year ago, beating analyst estimates by €186 million. Net interest income increased 11% to €1,954 million, which was €23 million more than expected. CET1 ratio was 17.2%, compared with 17.0% at the end of the prior quarter.
- Tele2 AB (TEL2) Announces Results For The First Quarter 2024; For the first quarter, TEL2 reported sales of SEK 7,152 million compared to SEK 7,009 million a year ago. Net income was SEK 833 million compared to SEK 849 million a year ago. Diluted earnings per share was SEK 1.2 compared to SEK 1.22 a year ago. For 2024 Management guides 3-4% organic growth of end-user service revenue.
- Ally Financial Inc. (ALLY) Reports First Quarter 2024 Financial Results; ALLY reports first quarter Non-GAAP EPS of $0.45, 45% below last year's result but $0.12 more than expected. Revenue of $1.99 billion beats analyst estimates by $40 million but decreased 2.9% versus the same quarter last year. Provision for credit losses increased $61 million year over year to $507 million, Retail deposits increased to $145.1 billion, up $6.6 billion year over year and up $2.9 billion quarter over quarter. Total deposits were $155.1 billion and Ally maintained industry-leading customer retention at 96%.
April 19, 2024
- NCC AB (NCC) wins asphalt order for freeway expansion around Aarhus; The freeway around Aarhus in Denmark is going to be expanded from four to six lanes, and NCC has been commissioned to produce and lay the asphalt for the project. The contract covers around 180,000 tons of asphalt.
- The Procter & Gamble Company (PG) Announces Fiscal Year 2024 Third Quarter Results; PG reports third quarter Non-GAAP EPS of $1.52, 11% above from last year and $0.11 ahead of estimates. Revenue of $20.2 billion misses analyst estimates by $240 million but increased 0.6% versus the same quarter last year. Management raised its fiscal 2024 diluted net earnings per share growth from a range of -1% to inline to a range of one to two percent versus fiscal 2023 EPS of $5.90 and raised its fiscal 2024 core net earnings per share growth from a range of eight to nine percent to a range of 10% to 11% versus fiscal 2023 EPS.
- Main Street Capital Corporation (MAIN) Announces Follow-On Investments; MAIN announced that since year-end it has invested a total of $36.6 million in five existing lower middle market portfolio companies, Centre Technologies Holdings, LLC, Pearl Meyer Topco, LLC, SI East, LLC, Slick Innovations, LLC and Bolder Panther Group, LLC.
Articles that caught my attention:
- Undervalued Dividend Growth Stock of the Week: Magna International (MGA) by Jason Fieber at Daily Trade Alert
- Can ETFs and Stocks Coexist in a Portfolio? by Mike at The Dividend Guy Blog
- Paying total fees that eclipse your portfolio value on the Sunday Reads by Dale Roberts at Cut the Crap Investing
- Coca-Cola Dividend Valuation: 2014 Vs. 2024 (Dividend Aristocrat) by Cory Cramer at Seeking Alpha
- 10 Safest Dividend Stocks For 2024 by Bob Ciura at Sure Dividend
- My Favorite Sectors To Find Dividend Stocks In April 2024 by High Yield Investor at Seeking Alpha
- Impressive Performance By BlackRock Continues by Charles Fournier at Financial Freedom Is A Journey
- Plan For A Secure Retirement With A $100,000 Aggressive, 15-Stock Dividend Growth Portfolio by Millennial Dividends at Seeking Alpha
- 3 Aerospace and Defense Dividend Stocks in Turbulent Markets by Bob Ciura at Dividend Power
- Low Risk, High Return? The Power Of The 15-Stock Dividend Growth Portfolio by Leo Nelissen at Seeking Alpha
- Suddenly, There's An Alternative - The Important Case For Wide Moat Dividend Stocks by Brad Thomas at Seeking Alpha
- Top 25 High Dividend Stocks Yielding 4% to 10%+ by Simply Safe Dividends
- Chasing Income and Ignoring Growth: Trouble, Even for Older Investors by Dividend Monk
- United Parcel Service, Inc. (UPS) Dividend Stock Analysis by D4L at Dividend Growth Stocks
- Do Not Let Genuine Parts’ Dividend King Status Influence Your Investment Decision by Charles Fournier at Financial Freedom Is A Journey
- A 7-Fund Portfolio For Big Dividends And Strong Growth by High Yield Investor at Seeking Alpha
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