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 16, 2024
- €24.79 – Duke Energy Corporation (DUK)
- €24.03 – NextEra Energy, Inc. (NEE)
- €25.48 – Main Street Capital (MAIN)
- €33.66 – Realty Income Corporation (O)
September 17, 2024
- €22.50 – McDonald's Corporation (MCD)
September 18, 2024
- €275.67 – Avance Gas Holding Ltd (AVANCE)
- €5.17 – V.F. Corporation (VFC)
September 19, 2024
- €14.33 – Smurfit Westrock Plc (SW)
- €66.04 – Manulife Financial Corporation (MFC)
September 20, 2024
- €11.56 – L3Harris Technologies, Inc. (LHX)
Week 38: Total net dividends €503.21
Dividend income is reported after the deduction of taxes. Check more at my Monthly Dividend sheet.
My Portfolio's Transactions:
September 19, 2024
- I closed my BCE Inc. (BCE) position by selling 115 shares at C$48.13 per share plus commission.
At today's exchange rate, this sale of 115 BCE shares will reduce €225.70 of my expected annual net dividend income.
Portfolio Holdings News:
September 16, 2024
- Sampo plc (SAMPO) increases its share buyback programme to €475 million and extends it until 30 November 2024; Following the announcement of the final result of the exchange offer to Topdanmark shareholders, the Board of Directors of SAMPO has resolved to increase the €400 million buyback programme announced on 17 June 2024 to €475 million. In connection with the resolution to increase the total size of the buyback programme, the Board has resolved to extend the buybacks to end no later than 30 November 2024.
September 17, 2024
- Philip Morris International Inc. (PM) Announces Agreement for Sale of Vectura Group to Molex; PM disclosed on Tuesday that it sold Vectura to Molex Asia through its wholly owned Vectura Fertin Pharma subsidiary. The sale includes upfront cash consideration of GBP 150 million, subject to customary purchase price adjustments, and potential deferred payments of up to GBP 148 million. The transaction is subject to customary closing conditions, including regulatory approval.
- L3Harris Technologies, Inc. (LHX) awarded a $142M cost-plus-fixed-fee, firm-fixed-price, and cost only, indefinite-delivery/indefinite-quantity type contract action for Photonics Mast Depot repair services and parts procurement.
- Canadian National Railway Company (TSE:CNR) Announces US$750 Million Debt Offering; CNR announced a public debt offering of US$750 million aggregate principal amount of 4.375% Notes due 2034. CNR expects to close the offering on September 18, 2024, subject to the satisfaction of customary closing conditions.
September 18, 2024
- NCC AB (NCC) to upgrade water and wastewater network in Ale Municipality; On behalf of Ale Municipality, NCC is to upgrade the water and wastewater network and secure the supply of drinking water in Ale, north of Gothenburg, Sweden. The project is a turnkey contract in partnering form with an order value of approximately SEK 450 million.
- General Mills, Inc. (GIS) Reports Fiscal 2025 First-quarter Results; GIS reports Q1 Non-GAAP EPS of $1.07, down 2% versus prior year but $0.01 ahead of estimates. Revenue of $4.85 billion beats analyst estimates by $50 million but decreased 1% versus the same quarter last year. Management reaffirmed its full-year fiscal 2025 financial targets: Adjusted operating profit is expected to range between down 2 percent and flat in constant currency and Free cash flow conversion is expected to be at least 95 percent of adjusted after-tax earnings.
- Emera Incorporated (TSE:EMA) Announces Increase in Common Dividend; EMA announced that its Board of Directors approved a 1% increase in the annual common share dividend, raising it to $2.90 from $2.87 per common share.
September 19, 2024
- Texas Instruments Incorporated (TXN) Increases Quarterly Dividend; TXN said it will raise its quarterly cash dividend 5%, from $1.30 per share to $1.36, or $5.44 annualized. The higher dividend will be payable November 12, 2024, to stockholders of record on October 31, 2024, contingent upon formal declaration by the board of directors at its regular meeting in October.
- W. P. Carey Inc. (WPC) Increases Quarterly Dividend; WPC reported that its Board of Directors increased its quarterly cash dividend to $0.875 per share, from prior dividend of $0.870, equivalent to an annualized dividend rate of $3.50 per share. The dividend is payable on October 15, 2024 to stockholders of record as of September 30, 2024.
September 20, 2024
- Cardinal Health, Inc. (CAH) to acquire Integrated Oncology Network; CAH announced that it has entered into a definitive agreement to acquire Integrated Oncology Network (ION), a physician-led independent community oncology network, for $1.115B in cash. The deal is expected to be accretive to non-GAAP earnings per share after 12 months after close.
Articles that caught my attention:
- Undervalued Dividend Growth Stock of the Week: Medtronic (MDT) by Jason Fieber at Daily Trade Alert
- Our U.S. stock portfolio on the Sunday Reads by Dale Roberts at Cut the Crap Investing
- Enbridge: No Margin Of Safety by Brad Thomas at Seeking Alpha
- Canadian Natural – Is This Still Canada’s Darling Oil Producer? by Dylan Callaghan at Stocktrades
- Main Street Capital Is Overvalued Despite Returning More Capital To Shareholders by Steven Fiorillo at Seeking Alpha
- Patience, Persistence, Perseverance by Dividend Growth Investor
- Should You Buy New Dividend Payers: Meta, Google, and Salesforce? [Podcast] by Mike at The Dividend Guy Blog
- Why Energy Stocks Are The Ultimate Undervalued Dividend Play Right Now by Leo Nelissen at Seeking Alpha
- Financial Confidence is the New Financial Independence by Craig Stephens at Retire Before Dad
- The Magnificent 12 GARP Portfolio Beats The Magnificent 7 Fuelled S&P 500 In 2024 by Dale Roberts at Seeking Alpha
- T. Rowe Price Group Inc. (TROW) Dividend Stock Analysis by D4L at Dividend Growth Stocks
- An Important Warning For Dividend Investors After The Fed's Big Rate Cut by Samuel Smith Samuel Smith
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