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:
September 2, 2024
- €33.80 – Intel Corporation (INTC)
- €16.94 – WEC Energy Group, Inc. (WEC)
September 3, 2024
- €26.37 – Essential Utilities, Inc. (WTRG)
- €38.36 – Pinnacle West Capital Corporation (PNW)
- €15.96 – ConocoPhillips (COP)
- €25.17 – Golar LNG Limited (GLNG)
- €70.47 – Pfizer Inc. (PFE)
- €3.49 – Visa Inc. (V)
- €25.15 – Aflac Incorporated (AFL)
- €32.19 – Magna International Inc. (MGA)
- €53.99 – LyondellBasell Industries N.V. (LYB)
- €101.64 – Enbridge Inc. (ENB)
- €49.53 – Fortis Inc. (FTS)
- €35.95 – Canadian Utilities Limited (TSE:CU)
September 5, 2024
- €25.22 – RTX Corporation (RTX)
- €71.07 – United Parcel Service, Inc. (UPS)
Week 36: Total net dividends €618.57
Dividend income is reported after the deduction of taxes. Check more at my Monthly Dividend sheet.
My Portfolio's Transactions:
September 3, 2024
- I closed my Intel Corporation (INTC) position by selling 400 shares at $21.62 per share plus commission.
September 4, 2024
- I opened a new position and purchased 100 shares of Canadian Natural Resources (TSE:CNQ) at C$46.95 per share plus commission.
At today's exchange rate, that purchase 100 shares of CNQ will increase €102.96 of my expected annual net dividend income. With purchase price $49.95 plus commission (C$11.98) my starting yield on cost is 4.42%. After this acquisition, CNQ’s weight of my portfolio is about 0.43% and its share of future annual dividend income is approximately 0.46%.
September 5, 2024
- I purchased 49 shares of JPM Global Equity Premium Income UCITS ETF (JGPI.DE) at €24.98 per share plus commission.
Based on the latest announcement, for October JGPI pays a dividend of $0.1679. During the nine month period, JGPI has declared a total dividend of $1.2241, if the dividend remains at this level in the future, it will be $1.632 per year. At today's exchange rate, that purchase 49 shares of JGPI will increase €50.48 of my expected annual net dividend income. After this acquisition my yield on cost is 6.77%, JGPI’s weight of my portfolio is about 1.59% and its share of future annual dividend income is approximately 2.06%. For now, my intention is to get 50 more and then the quota will be full.
Portfolio Holdings News:
September 2, 2024
- Lockheed Martin Corporation (LMT) has secured a $3.43 billion modification to contract W31P4Q-23-D-0003 for the Guided Multiple Launch Rocket System.
- General Dynamics Mission Systems, a unit of General Dynamics Corporation (GD) has secured a $491.61 million modification to previously awarded contract HQ0850-22-C-0007 for the Proliferated Warfighter Space Architecture Ground Management and Integration and operation and sustainment efforts.
September 4, 2024
- Telia Company (TELIA) initiates change program targeting annual savings of at least SEK 2.6 billion; TELIA announcing a change program that is set to simplify its operations by implementing a new operating model with streamlined processes and improved ways of working, which will lead to a more customer-focused organization, while also resetting the company’s cost base through an intended reduction of 3,000 positions during 2024.
- Verizon Communications Inc. (VZ) Increases Quarterly Dividend; The Board of Directors at VZ declared a quarterly dividend of 67.75 cents per outstanding share, an increase of 1.25 cents per share from the previous quarter. The quarterly dividend is payable on November 1, 2024, to Verizon shareholders of record at the close of business on October 10, 2024.
- RTX Corporation (RTX) has been awarded a not-to-exceed $405.3M contract modification to a previously awarded firm-fixed-price, cost-plus-fixed-fee contract by the U.S. Navy.
September 5, 2024
- Verizon Communications Inc. (VZ) to Acquire Frontier; VZ and Frontier Communications Parent, Inc. (NASDAQ: FYBR) today announced they have entered into a definitive agreement for Verizon to acquire Frontier in an all-cash transaction valued at $20 billion. Subject to approval by Frontier shareholders, the deal is expected to close in approximately 18 months. In addition to the deal announcement, VZ also reaffirmed its full-year 2024 guidance, including adjusted EPS of $4.50 to $4.70 and wireless service revenue growth of 2% to 3.5%.
- Lockheed Martin Corporation (LMT) Welcomes Egypt to the C-130J Super Hercules Fleet; The Egyptian Armed Forces announced today at the Egypt International Air Show that LMT will deliver two C-130J-30 Super Hercules tactical airlifters to the Egyptian Air Force (EAF) through a Foreign Military Sale (FMS) with the U.S. Air Force. Egypt is the 23rd nation to join the worldwide Super Hercules operating community.
Articles that caught my attention:
- Undervalued Dividend Growth Stock of the Week: EOG Resources (EOG) by Jason Fieber at Daily Trade Alert
- Investing in Canadian banks on the Sunday Reads by Dale Roberts at Cut the Crap Investing
- 10 Stocks And 5 Funds For A Powerful Dividend Snowball by Samuel Smith at Seeking Alpha
- Is Enbridge Stock a Buy, Or a Dividend Trap in 2024? by Dylan Callaghan at Stocktrades
- My Top 10 High Dividend Yield Companies For September 2024: One Yields Above 9% by Frederik Mueller at Seeking Alpha
- VICI Properties: This Dividend Grower Is Still A Buy Now by Kody's Dividends at Seeking Alpha
- Earnings are Rolling – How to Avoid Pitfalls and Read Earnings like a Pro [Podcast] by Mike at The Dividend Guy Blog
- 10 Extremely High-Quality Stocks That Offer Good Growth and Long Term Total Rates of Return by Chuck Carnevale of FAST Graphs at Daily Trade Alert
- The Clorox Company (CLX) Dividend Stock Analysis by D4L at Dividend Growth Stocks
- Invest In Starbucks Now? – Not A Chance by Charles Fournier at Dividend Power
- 10 Dividend Blue-Chip Bargains To Potentially Profit From This Irrational Market Freakout by Dividend Sensei at Seeking Alpha
- Verizon's Dividend Risk Profile Increases After Frontier Acquisition by Samuel Smith at Seeking Alpha
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