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 30, 2024
- €16.63 – Eversource Energy (ES)
- €62.02 – Brookfield Renewable Corporation (BEPC)
- €114.31 – Brookfield Infrastructure Corporation (BIPC)
- €19.63 – Union Pacific Corporation (UNP)
- €58.35 – T. Rowe Price Group, Inc. (TROW)
- €31.26 – Main Street Capital Corporation (MAIN)
- €63.73 – Ares Capital Corporation (ARCC)
- €21.04 – Crown Castle Inc. (CCI)
- €97.44 – Digital Realty Trust, Inc. (DLR)
- €12.64 – LTC Properties, Inc. (LTC)
- €57.84 – Pembina Pipeline Corporation (TSE:PPL)
- €8.40 – Canadian National Railway Company (TSE:CNR)
October 1, 2024
- €30.10 – UGI Corporation (UGI)
- €11.69 – Baxter International Inc. (BAX)
- €90.92 – PepsiCo, Inc. (PEP)
- €48.91 – The Coca-Cola Company (KO)
- €73.57 – TELUS Corporation (TSE:T)
October 2, 2024
- €10.65 – Kimberly-Clark Corporation (KMB)
October 3, 2024
- €54.76 – TietoEVRY Oyj (TIETO)
Week 40: Total net dividends €883.92
Dividend income is reported after the deduction of taxes. Check more at my Monthly Dividend sheet.
Portfolio Holdings News:
September 30, 2024
- NCC AB (NCC) signs SEK 2.5 billion agreement as part of Västerås hospital project; NCC has agreed to start production of the third sub-project in Region Västmanland’s new emergency hospital in Västerås. The sub-project includes shell completion and installations, and will be carried out in partnership with Region Västmanland. The order value is approximately SEK 2.5 billion.
- AT&T Inc. (T) Sells Remaining Stake in DIRECTV to TPG; T reached an agreement to sell its remaining stake in DIRECTV to TPG. Under the agreement, the Company will sell its entire 70% stake in a non-contingent transaction subject only to customary closing conditions.
- Verizon Communications Inc. (VZ) and Vertical Bridge agree to $3.3 billion tower transaction; VZ and Vertical Bridge today announced they have entered into a definitive agreement for Vertical Bridge to obtain the exclusive rights to lease, operate and manage 6,339 wireless communications towers across all 50 states and Washington, D.C. from subsidiaries of Verizon for approximately $3.3 billion, including certain commercial benefits.
- QUALCOMM Incorporated (QCOM) and Sequans Complete Sale of 4G IoT Technology; QCOM Sequans Communications S.A. (NYSE: SQNS) announced that they have completed the sale of Sequans’ 4G IoT technology to Qualcomm.
- Eversource Energy (ES) Completes Exit of Offshore Wind Business; ES announced that it has completed the sale of its 50 percent interest in the 132-megawatt South Fork Wind project and the 704-megawatt Revolution Wind project to Global Infrastructure Partners (GIP). Adjusted gross proceeds from the transaction were $745 million. ES expects to record an aggregate net loss on the completion of its offshore wind divesture of approximately $520 million in the third quarter of 2024.
- Lockheed Martin Corporation (LMT) secures approximately $3.88B U.S. Navy contracts
- RTX Corporation's (RTX) Pratt & Whitney awarded F135 Engine Core Upgrade contract; Pratt & Whitney, an RTX business, has been awarded a contract valued up to $1.3 billion to continue work on the F135 Engine Core Upgrade (ECU), which will deliver enhanced durability to the engine.
October 1, 2024
- PepsiCo, Inc. (PEP) To Acquire Siete Foods For $1.2 Billion; PEP announced that it has entered into a definitive agreement to acquire Garza Food Ventures LLC, dba Siete Foods ("Siete") for $1.2 billion. The transaction is subject to customary closing conditions, including regulatory approval, and is expected to close in the first half of 2025. Additional terms of the acquisition were not disclosed.
- Bank OZK (OZK) Announces Increase to Quarterly Dividend; OZK announced its Board of Directors declared a quarterly cash dividend on the Bank’s common stock of $0.41 per share, up $0.01, or 2.5% from the prior quarter. The common stock dividend is payable on October 18, 2024 to shareholders of record as of October 11, 2024. Bank OZK has increased its quarterly cash dividend on its common stock in each of the last fifty-seven quarters.
- TC Energy Corporation (TRP) completes spinoff of its Liquids Pipelines business, South Bow Corporation; TRP announced that it has completed the spinoff of its Liquids Pipelines business into South Bow Corporation. The South Bow common shares will commence "regular way" trading under the designation SOBO on the TSX on Oct. 2, 2024, but will not trade "regular way" on the NYSE until one trading day after the U.S. Securities and Exchange Commission (SEC) declares South Bow's registration statement on Form 40-F effective. TC Energy currently expects that the South Bow common shares will commence "regular way" trading on the NYSE on or about Oct. 8, 2024.
October 2, 2024
- Lockheed Martin Corporation (LMT) Raises Dividend; LMT board of directors has authorized a fourth quarter 2024 dividend of $3.30 per share. This is an increase of $0.15 per share or 4.8% over the last quarter and represents the company's 22nd consecutive year of dividend increases. The dividend is payable on Dec. 27, 2024, to holders of record as of the close of business on Dec. 2, 2024.
October 3, 2024
- General Dynamics Corporation's (GD) Electric Boat was awarded a $243.8M cost-plus-fixed-fee order to provide unique parts and specialized material, including initial spares, for Virginia-class submarines.
- Enbridge Inc. (ENB) Sanctions Pipelines to Support bp's New Deepwater U.S. Gulf of Mexico Development; ENB announced that it will build, own, and operate crude oil and natural gas pipelines in the U.S. Gulf of Mexico for the recently sanctioned Kaskida development, operated by BP Exploration & Production Company. Detailed design and procurement activities will commence in early 2025 with the pipelines expected to be operational by 2029. The cost of the pipelines will be approximately US$700 million.
October 4, 2024
- Neste Corporation (NESTE) strengthens chemical recycling logistics infrastructure in Europe; NESTE enhances its chemical recycling capabilities by collaborating with Tepsa Netherlands on the storage and handling of liquefied waste plastic in Rotterdam, the Netherlands.
Articles that caught my attention:
- Undervalued Dividend Growth Stock of the Week: Lithia & Driveway (LAD) by Jason Fieber at Daily Trade Alert
- Boost the spend rate in retirement on the Sunday Reads by Dale Roberts at Cut the Crap Investing
- How Stock Based Compensation Distorts Free Cash Flow by Charles Fournier at Financial Freedom Is A Journey
- Brookfield Infrastructure: Benefit From Declining Interest Rates With This High-Yielder by Jonathan Weber at Seeking Alpha
- The More It Underperforms, The More I Buy by Samuel Smith at Seeking Alpha
- How To Live Off Dividends In Retirement | 10 Quality Retirement Stocks Now by Bob Ciura at Sure Dividend
- Two Top Canadian Banks Soaring in 2024. Are They Still Buys? by Dylan Callaghan at Stocktrades
- What Kills Your Retirement [Podcast] by Mike at The Dividend Guy Blog
- Low-Risk Paychex Is Too Richly Valued by Charles Fournier at Financial Freedom Is A Journey
- 3 Dividend Giants I'm Holding On To For Dear Life by Leo Nelissen at Seeking Alpha
- Should You Buy Suncor Energy Stock Despite Soft Oil Prices? by Davit Kirakosyan at Stocktrades
- Realty Income Corp (O) Dividend Stock Analysis by D4L at Dividend Growth Stocks
- 5 Relatively Secure And Cheap Dividend Stocks To Invest In -- October 2024 by Financially Free Investor at Seeking Alpha
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