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:
July 8, 2024
- €77.02– Philip Morris International Inc. (PM)
- €37.26– JPM Global Equity Premium Income UCITS ETF (JGPI.DE)
July 9, 2024
- €25.70– Medical Properties Trust, Inc. (MPW)
July 10, 2024
- €116.96 – Altria Group, Inc. (MO)
July 11, 2024
- €25.74– Best Buy Co., Inc. (BBY)
- €19.49– Illinois Tool Works Inc. (ITW)
- €24.45– Global X SuperDividend™ ETF (SDIV)
Week 28: Total net dividends €326.61
Dividend income is reported after the deduction of taxes. Check more at my Monthly Dividend sheet.
Portfolio Holdings News:
July 8, 2024
- Dominion Energy, Inc. (D) Announces Agreement to Acquire Offshore Wind Lease From Avangrid For Potential Future Regulated Generation Development; D agreed to acquire the Kitty Hawk North Wind offshore wind lease area from Avangrid (AGR) for ~$160M, consisting of a $117M lease acquisition payment and associated development cost reimbursement.
- Smurfit Westrock Plc (SW) Makes Its Debut in New York and London; SW announced its primary listing on the New York Stock Exchange following the completion of the previously announced combination of Smurfit Kappa and WestRock (NYSE:WRK) on July 5. The combined company also has a standard listing on the London Stock Exchange.
- Unum Group (UNM) Announces Sale of Medical Stop Loss Operations; UNM announced that it has entered into a definitive agreement whereby the Amynta Group will acquire Unum Group's Medical Stop Loss business. Terms of the sale were not disclosed. The transaction is expected to close in the third quarter of 2024.
July 10, 2024
- Honeywell to Acquire Air Products and Chemicals' (APD) Liquefied Natural Gas Process Technology and Equipment Business to Expand Energy Transition Solutions and Services; Honeywell (Nasdaq: HON) and APD jointly announced that Honeywell has agreed to acquire APD’ liquefied natural gas (LNG) process technology and equipment business for $1.81 billion in an all-cash transaction. This represents approximately 13x estimated 2024 EBITDA. APD to continue its focus on its industrial gas business and related technology and equipment and driving the energy transition through clean hydrogen at scale.
- Digital Realty Trust, Inc. (DLR) Enhances European Colocation Capabilities with Acquisition of Data Center Campus in Slough; DLR announced the acquisition of a highly connected colocation data center in the Slough Trading Estate for $200 million. The acquisition marks the company's entry into the west London submarket and complements existing colocation capabilities in the City and Docklands.
July 11, 2024
- PepsiCo, Inc. (PEP) Reports Second-Quarter 2024 Results; PEP reports Non-GAAP EPS of $2.28, beating analyst estimates by $0.12 and increasing 9.1% year-over-year. Revenue of $22.5 billion misses analyst estimates by $100 million but increased 0.8% versus the same quarter last year. For 2024 the Management now expects approximately 4 percent organic revenue growth, at least 8 percent increase in core constant currency EPS and total cash returns to shareholders of approximately $8.2 billion, comprised of dividends of $7.2 billion and share repurchases of $1.0 billion. This assumption and the guidance above imply 2024 core EPS of at least $8.15, a 7 percent increase compared to 2023 core EPS of $7.62.
- RTX Corporation (RTX) awarded contract to provide additional Patriot air and missile defense systems to Germany; RTX was awarded a $1.2 billion contract to supply Germany with additional Patriot® air and missile defense systems. These systems will augment Germany's existing air defense infrastructure with additional Patriot major end items. The scope of the contract includes the most current Patriot Configuration 3+ radars, launchers, command and control stations, associated spares, and support.
- T. Rowe Price Group, Inc. (TROW) Reports Preliminary Month-end Assets Under Management For June 2024; TROW reported preliminary month-end assets under management of $1.57 trillion as of June 30, 2024. Preliminary net outflows were $2.6 billion for June 2024 and $3.7 billion for the quarter-ended June 2024. Preliminary quarterly net flows include $1.1 billion of Manager-driven distributions.
- Main Street Capital (MAIN) Announces Second Quarter 2024 Private Loan Portfolio Activity; During the second quarter of 2024 MAIN originated new or increased commitments in its private loan portfolio of $375.9 million and funded total investments across its private loan portfolio with a cost basis totaling $323.8 million.
July 12, 2024
- Kesko Corpoeation’s (KESKO) sales in June; KESKO’s sales decreased by 7.5% in June. Sales decreased in comparable terms in all divisions. The number of delivery days was down by 1-2 days year-on-year, depending on the business, which had an impact on sales performance.
- NCC AB (NCC) to refurbish Dommerparken in Copenhagen; NCC, as part of the fsbHJEM partnership, has been contracted by fsb to refurbish 259 rental units in the Dommerparken area of Copenhagen. The order value is approximately SEK 285 million.
- Lockheed Martin Corporation (LMT) has been awarded $300.94M and $180,50M Navy contract modification.
Articles that caught my attention:
- Undervalued Dividend Growth Stock of the Week: Nike (NKE) by Jason Fieber at Daily Trade Alert
- The Beat The TSX Portfolio skips another beat, while Canadian wide moats rule on the Sunday Reads by Dale Roberts at Cut the Crap Investing
- 2024 Dividend Kings List: All 53 + Our Top 5 Picks by Simply Safe Dividends
- Strong Buys - The 4 Dividend Gems I Trust With A Third Of My Net Worth by Leo Nelissen at Seeking Alpha
- The Highest Quality Dividend Growth Stocks In 2024 by FerdiS at Seeking Alpha
- 10 Blue-Chip Dividend Growth Stocks With 3%+ Yields and Safe Dividends by Chuck Carnevale at Daily Trade Alert
- High Dividend 50: Lincoln National Corporation by Felix Martinez at Sure Dividend
- Then and Now – Walmart by Mark at My Own Advisor
- The More It Drops, The More I Buy by High Yield Investor at Seeking Alpha
- Bad times for Some Brookfields – Is It Time to Sell? [Podcast] by Mike at The Dividend Guy Blog
- U.S. Bancorp: Why I'm Buying This Big Yielding Bank by Chuck Walston at Seeking Alpha
- Duke Energy (DUK) Dividend Stock Analysis by D4L at Dividend Growth Stocks
- VICI Properties: The Casino REIT Bubble Has Burst, It's Time To Buy (Upgrade) by Julian Lin at Seeking Alpha
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