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:
August 12, 2024
- €18.03 – Air Products and Chemicals, Inc. (APD)
- €24.24 – Global X SuperDividen ETF (SDIV)
August 13, 2024
- €17.59 – Texas Instruments Incorporated (TXN)
August 14, 2024
- €46.62 – ONEOK, Inc. (OKE)
August 15, 2024
- €48.64 – Kinder Morgan, Inc. (KMI)
- €16.99 – The Procter & Gamble Company (PG)
- €84.69 – AbbVie Inc. (ABBV)
- €20.23 – Ally Financial Inc. (ALLY)
- €25.88 – Main Street Capital Corporation (MAIN)
- €83.51 – Omega Healthcare Investors, Inc. (OHI)
- €34.51 – Realty Income Corporation (O)
- €50.18 – Emera Incorporated (TSE:EMA)
August 16, 2024
- €56.75 – Unum Group (UNM)
Week 33: Total net dividends 527.87
Dividend income is reported after the deduction of taxes. Check more at my Monthly Dividend sheet.
Portfolio Holdings News:
August 12, 2024
- T. Rowe Price Group, Inc. (TROW) Reports Preliminary Month-end Assets Under Management for July 2024; TROW reported preliminary month-end assets under management of $1.59 trillion as of July 31, 2024. Preliminary net outflows for July 2024 were $2.0 billion.
- The Bank of Nova Scotia (BNS) Announces Agreement To Acquire 14.9% Equity Interest In KeyCorp; BNS announced that it has entered into an agreement to acquire an approximate 14.9% pro-forma ownership stake in KeyCorp through an issuance of common shares at a price of $17.17 per share, representing an 11% premium to the volume weighted average price for the last 20 trading days. The total cash consideration is approximately US$2.8 billion.
August 13, 2024
- Mandatum plc (MANTA) Reports Results for the Second Quarter of 2024; MANTA reports second quarter earnings per share of €0.12, 46% above last year's result and €0.04 more than expected. Profit before taxes grew 57% to €75.8 million, beating estimates by €26.2 million. Client assets under management increased by 16% from the previous year and amounted to €13.0 billion. Solvency II ratio adjusted for dividend accrual was 224.1%.
- The Home Depot, Inc. (HD) Announces Second Quarter Fiscal 2024 Results; HD reports Q2 Non-GAAP EPS of $4.67, 0.2% below from last year but $0.12 more than expected. Revenue grew 0.7% to $43.2 billion, topping estimates $490 million. Management updated fiscal 2024 guidance, Total sales to increase between 2.5% and 3.5% and adjusted diluted earnings-per-share to decline between 1% and 3%.
- Baxter International Inc. (BAX) Announces Definitive Agreement to Divest Its Vantive Kidney Care Segment; BAX announced that they have signed a definitive agreement under which Carlyle is to acquire Baxter's Kidney Care segment, to be named Vantive, for $3.8 billion.
- Starbucks Corporation (SBUX) names Brian Niccol as Chairman and Chief Executive Officer; SBUX announced that Brian Niccol has been appointed chairman and chief executive officer. Niccol will start in his new role on September 9, 2024. Starbucks chief financial officer, Rachel Ruggeri, will serve as interim ceo until that time. Mellody Hobson, Starbucks board chair, will become lead independent director. Laxman Narasimhan is stepping down from his role as ceo and as a member of the Starbucks board with immediate effect.
August 14, 2024
- Kesko Corporation (KESKO) expand operations in Denmark; KESKO has agreed to acquire three builders’ merchants in Denmark: Roslev Trælasthandel A/S, Tømmergaarden A/S, and CF Petersen & Søn A/S. The combined net sales of the three operators total some €400 million. The transactions are expected to be completed in the first half of 2025.
- Kesko Corporation’s (KESKO) sales in July; KESKO’s sales increased by 7.4% in July. Sales increased in the grocery trade division and the building and technical trade division, and decreased in the car trade division.
- Cisco Systems, Inc. (CSCO) Reports Fourth Quarter And Fiscal Year 2024 Earnings; CSCO reports Q4 Non-GAAP EPS of $0.87, 24% below last year's result but $0.02 more than expected. Revenue fell 10.3% to $13.64 billion, beating analyst estimates by $100 million. For FY 2025 Management guides Revenue $55.0 billion to $56.2 billion and Non-GAAP EPS $3.52 to $3.58.
- Cardinal Health, Inc. (CAH) Reports Fourth Quarter and Fiscal Year 2024 Results; CAH reports fourth quarter Non-GAAP EPS of $1.84, 29% above from last year and $0.11 more than expected. Revenue grew 11.9% to $59.87 billion, topping estimates by $1.24 billion. Management raised Fiscal year 2025 non-GAAP EPS guidance to $7.55 to $7.70, from at least $7.50.
- Medical Properties Trust, Inc. (MPW) Sells 11 Colorado Facilities for $86 Million; MPW announced the completion of its sale of 11 freestanding emergency department (“FSED”), primary care, imaging and urgent care facilities in Colorado to University of Colorado Health (“UCHealth”) for $86 million. The Company intends to use the proceeds from the transaction to reduce debt and for general corporate purposes.
- Metro Inc. (TSE:MRU) Reports 2024 Third Quarter Results; MRU reported quarterly adjusted earnings of C$1.35 per share for the quarter ended in June, identical to the same quarter last year. Analysts expectation for the quarter was C$1.34 per share. Revenue rose 3.5% to $6.65 billion from a year ago, while analysts expected C$6.60 billion. Management is forecasting adjusted net earnings per share to be flat to down $0.10 in Fiscal 2024 and expects to resume its profit growth post Fiscal 2024. Management is maintaining its annual growth target of between 8% and 10% for net earnings per share over the medium and long term.
August 15, 2024
- Avance Gas Holding Ltd (AVANCE) Sells its VLGC fleet to BW LPG Ltd; AVANCE has entered into an agreement with BW LPG Ltd ("BW LPG" or "the Buyer") to sell its fleet of Very Large Gas Carriers (VLGC) for a consideration of $1,050 million. The Avance Gas VLGC fleet today consist of eight 2015 built eco VLGCs and four dual fuelled VLGCs built 2022 and 2023. After the closing of this transaction,AVANCE will then be the owner of four medium sized gas carriers (MGC) capable of carrying full ammonia cargoes, a 12.77% shareholding in BW LPG as well as a substantial cash holding.
- NN Group N.V. (AMS:NN) reports First Half 2024 Results; NN reports Operating Capital Generation €959 million, decreasing 3.9% compared first half of 2023. Solvency II ratio at 192% from 197% on 31 December 2023. Free cash flow up 8% year-on-year to €899 million. Committed to capital return policy of a progressive dividend per share and annual share buyback of at least €300 million, 2024 interim dividend of €1.28 per ordinary share.
- Golar LNG Limited (GLNG) Interim results for the period ended June 30, 2024; GLNG reports Q2 net income attributable to Golar of $26 million, and Adjusted EBITDA of $59 million. Revenue of $64.69 million beats analyst estimates by $0.85 million but decreased 16.6% versus the same quarter last year. Adjusted EBITDA backlog of approximately $11 billion.
- Lockheed Martin Corporation (LMT) to Acquire Terran Orbital: LMT announced the signing of a definitive agreement to acquire Terran Orbital [NYSE: LLAP], a global leader of satellite-based solutions primarily supporting the aerospace and defense industries. The enterprise value of the transaction is approximately $450 million. Lockheed Martin will acquire Terran Orbital for $0.25 in cash for each outstanding share of common stock and retire its existing debt.
August 16, 2024
- Flowers Foods, Inc. (FLO) Reports Second Quarter 2024 Results; FLO reports Q2 Non-GAAP EPS of $0.36, up 9.1% versus prior year and $0.03 ahead of estimates. Revenue of 1.23 billion misses analyst estimates by $10 million and flat with the comparison period. For the 52-week Fiscal 2024 Management guides Sales in the range of approximately $5.091 billion to $5.172 billion, representing 0.0% to 1.6% growth compared to the prior year and Adjusted diluted EPS in the range of approximately $1.20 to $1.30.
Articles that caught my attention:
- Undervalued Dividend Growth Stock of the Week: Essex Property Trust (ESS) by Jason Fieber at Daily Trade Alert
- A crazy week to forget on the Sunday Reads by Dale Roberts at Cut the Crap Investing
- Financial Independence Budget by Mark at My Own Advisor
- Realty Income And Agree Realty: The Train Has Left The Station by Brad Thomas at Seeking Alpha
- Why Dividend Stocks Could Be Back in Favor Soon by Simply Safe Dividends
- Warren Buffett on investing and selling by Dividend Growth Investor
- Abbott Laboratories: A Dividend Aristocrat To Buy Now by Kody's Dividends at Seeking Alpha
- Back-to-School Investing: 3 Dividend Picks by Bob Ciura at Dividend Power
- 10 Amazing Dividend Growers For Your Buy List [Podcast] by Mike at The Dividend Guy Blog
- Why 4% Yielding Brookfield Asset Management Is My Favorite Buy And Hold Forever Blue Chip by
- Dividend Sensei at Seeking Alpha
- The Highest Quality Dividend-Growth Healthcare Stocks by David Van Knapp at Seeking Alpha
- Home Depot – Headwinds Persist But Long Term Outlook Intact by Charles Fournier at Financial Freedom Is A Journey
- The Dividends Don't Matter In Retirement, Even Big Ones by Dale Roberts at Seeking Alpha
- Bank Of The Ozarks (OZK) Dividend Stock Analysis by D4L at Dividend Growth Stocks
- 10 Blue-Chip Tech Stocks For Growing Dividends by Bob Ciura at Sure Dividend
- 10 Great Dividend Stocks For The Next 10 Years by Financially Free Investor at Seeking Alpha
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