Week in Review 39/24

 

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 23, 2024

• €17.94 – Dominion Energy, Inc. (D)
• €3.71 – Kontoor Brands, Inc. (KTB)
• €29.79 – Flowers Foods, Inc. (FLO)

September 24, 2024

• €9.15 – Metro Inc. (TSE:MRU)

September 26, 2024

• €14.27 – QUALCOMM Incorporated (QCOM)

Week 39: Total net dividends €74.87

Dividend income is reported after the deduction of taxes. Check more at my Monthly Dividend sheet.

My Portfolio's Transactions:

September 19, 2024

• I doubled my holding in CNQ and purchased 100 shares of Canadian Natural Resources (TSE:CNQ) at C$44.18 per share plus commission.

At today's exchange rate, that purchase 100 shares of CNQ will increase €102.72 of my expected annual net dividend income. With purchase price $44.18 plus commission (C$12.02) my yield on cost is 4.55%. After this acquisition, CNQ’s weight of my portfolio is about 0.84% and its share of future annual dividend income is approximately 0.92%.

Portfolio Holdings News:

September 23, 2024

• General Dynamics Land Systems Inc., a unit of General Dynamics Corporation (GD), has secured a $103.62 million firm-fixed-price contract for tools and equipment to support initial fielding of the M10 Booker vehicles.

• Collins Aerospace, a business of RTX Corporation (RTX) has secured a $279.59 million modification to a firm-fixed-price, indefinite-delivery/indefinite-quantity contract (N0042123D0001).

September 24, 2024

• Masdar to Acquire Saeta from Brookfield Renewable (BEP, BEPC) for $1.4 Billion; UAE-based clean energy company Masdar on Tuesday reported the proposed acquisition of Saeta Yield from Brookfield Renewable together with its institutional partners for an implied enterprise value of $1.4 billion. Closing of the transaction is subject to customary approvals and is expected to occur around the end of 2024.

September 25, 2024

• NN Group (AMS:NN) to sell its Turkish business to Zurich Türkiye; NN announces that it has reached an agreement to sell its Turkish operations to Zurich Türkiye. The transaction is subject to regulatory and antitrust approvals and is expected to close ultimately in the first quarter of 2025.

• McDonald's Corporation (MCD) Raises Quarterly Dividend; MCD's Board of Directors declared a quarterly cash dividend of $1.77 per share, 6% increase from prior dividend of $1.67, payable on December 16, 2024 to shareholders of record at the close of business on December 2, 2024.

• Raytheon Missile Defense, Arizona, a unit of RTX Corporation (RTX) has secured a $126.20 million firm-fixed-price contract for Stinger missiles, ancillary equipment and support.

September 26, 2024

• NCC AB (NCC) to continue work on SSAB’s new facility in Oxelösund; NCC is constructing a new industrial building for fossil-free steelmaking in Oxelösund on behalf of SSAB. The project is now entering the next production phase valued at approximately SEK 400 million.

• Visa Inc. (V) to Acquire Featurespace; V announced it has signed a definitive agreement to acquire Featurespace, a developer of real-time artificial intelligence (AI) payments protection technology that prevents and mitigates payments fraud and financial crime risks. The terms of the transaction were not disclosed and the transaction is expected to close in 2025.

• Fortis Inc. (TSE:FTS) Announces New $26 Billion Five Year Capital Outlook and 4% Increase in Fourth Quarter Dividend; FTS unveiled 2025-2029 capital plan of $26 billion, $1 billion higher than prior plan; 6.5% average annual rate base growth through 2029. The common share dividend declared of $0.615 per share, payable on December 1, 2024 to shareholders of record at the close of business on November 18, 2024, represents an approximate 4.2% increase in the quarterly dividend, marking 51 consecutive years of increased dividends.

September 27, 2024

• Lockheed Martin Missiles and Fire Control (LMT) was awarded $3.23B firm-fixed-price, undefinitized contract action for a joint air-to-surface standoff missile and long-range anti-ship missile large lot procurement. LMT has also been awarded a not-to-exceed $358.4M firm-fixed-price undefinitized contract action modification to a previously awarded contract for Lot 8b of long-range anti-ship missiles.

Articles that caught my attention:

• Undervalued Dividend Growth Stock of the Week: Skyworks Solutions (SWKS) by Jason Fieber at Daily Trade Alert
• Jumbo rate cut spurs stocks, on the Sunday Reads by Dale Roberts at Cut the Crap Investing
• Why Comcast Is A Long-Term Investor's Dream Stock Right Now by Gen Alpha at Seeking Alpha
• The Best Investment in AI (based on Valuation and Growth Potential) by Chuck Carnevale of FAST Graphs at Daily Trade Alert
• BNS Stock – Has Bank of Nova Scotia Finally Turned a Corner? by Dylan Callaghan at Stocktrades
• Selling Your Winners Is A Winning Strategy In Retirement by Dale Roberts at Seeking Alpha
• Essex, Realty Income, and Federal Realty: The Three Dividend Aristocrat REITs by Bob Ciura at Dividend Power
• Diversification by Dividend Growth Investor
• Bad News For Dividend Investors Who Are Still In The Accumulation Phase by Roberts Berzins at Seeking Alpha
• How to Improve Your Investor’s Skills – Vero at DSR [Podcast] by Mike at The Dividend Guy Blog
• If I Were To Retire, I'd Buy These 3 Dividend Stocks Without Hesitation by Leo Nelissen at Seeking Alpha
• How To Calculate Expected Total Return For Any Stock by Ben Reynolds at Sure Dividend
• Is Fortis Stock a Slam Dunk Buy on Rate Declines? by Dylan Callaghan at Stocktrades
• Why Berkshire Hathaway Belongs In Your Dividend Portfolio Despite No Payout by Frederik Mueller at Seeking Alpha
• Consider Investing In Asset Managers by Charles Fournier at Financial Freedom Is A Journey

Thanks for stopping by!

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