Sunday, October 13, 2024

Week in Review 41/24



 

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:



October 7, 2024


  • €25.97 – Canadian Natural Resources Limited (TSE:CNQ)


October 8, 2024


  • €48.01 – Global Equity Premium Income UCITS ETF (JGPI.DE)


October 9, 2024


  • €447.00 – Neste Corporation (NESTE)


October 10, 2024


  • €121.31 – Altria Group, Inc. (MO)
  • €76.64 – Philip Morris International Inc. (PM)
  • €25.54 – Best Buy Co., Inc. (BBY)
  • €13.59 – Medical Properties Trust, Inc. (MPW)
  • €24.51 – Global X SuperDividend ETF (SDIV)



Week 41: Total net dividends €782.58


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



My Portfolio's Transactions:



October 8, 2024


  • I purchased 50 shares of JPM Global Equity Premium Income UCITS ETF (JGPI.DE) at €24.65 per share plus commission.


Based on the latest announcement, for November JGPI pays a dividend of $0.147. During the ten month period, JGPI has declared a total dividend of $1.3711, if the dividend remains at this level in the future, it will be $1.64532 per year. At today's exchange rate, that purchase 50 shares of JGPI will increase €52.59 of my expected annual net dividend income. After this acquisition my yield on cost is 6.22%, JGPI’s weight of my portfolio is about 1.72% and its share of future annual dividend income is approximately 2.31%. For now, this was the last acquisition of JGPI.



Portfolio Holdings News:



October 7, 2024


  • Chevron Corporation (CVX) to sell Alberta assets worth $6.5B to Canadian Natural Resources; Chevron Canada Limited, an indirect subsidiary of CVX, announced that it and a related entity have entered into a definitive agreement to sell their 20 percent non-operated interest in the Athabasca Oil Sands Project, 70 percent operated interest in the Duvernay shale, and related interests, all located in Alberta, Canada, to Canadian Natural Resources Limited. The US$6.5 billion all-cash transaction has an effective date of September 1, 2024, and is expected to close during the fourth quarter of 2024, subject to regulatory approvals and other customary closing conditions.


  • General Dynamics Corporation (GD) Electric Boat awarded ~$376.8M modification to previously awarded contract N00024-20-C-2120 for Lead Yard support, and development studies and design efforts related to Virginia Class submarines.



  • Canadian Natural Resources Limited (CNQ) Announces the Acquisition of Chevron’s Alberta Assets; CNQ announces that it entered into an agreement to acquire, subject to regulatory approvals, from Chevron Canada Limited (“Chevron”) its 20% interest in the Athabasca Oil Sands Project (“AOSP”), which includes 20% of the Muskeg River and Jackpine mines, the Scotford Upgrader and the Quest Carbon Capture and Storage facility. In addition, CNQ has also agreed to acquire, subject to regulatory approvals, Chevron’s 70% operated working interest of light crude oil and liquids rich assets in the Duvernay play in Alberta. The effective date for these acquisitions is September 1st, 2024 and are targeted to close in the fourth quarter of 2024. The aggregate consideration for these acquisitions will be a cash payment at close to Chevron of US$6.5 billion.


October 8, 2024


  • PepsiCo, Inc. (PEP) Reports Third-Quarter 2024 Results; PEP reports Non-GAAP EPS of $2.31, a 5% decrease from the previous year but $0.02 more than expected. Revenue fell 0.6% to $23.32 billion, missing analyst estimates by $460 million. For 2024, Management now expects a low-single-digit increase in organic revenue (previously approximately 4% organic revenue growth) and at least 8 percent increase in core constant currency EPS.


  • General Dynamics Corporation (GD) Electric Boat was awarded a $878M U.S. Navy contract action modification to a previously awarded contract for additional material supporting the planned Virginia Class submarines. GD also awarded a $349.8M modification by the U.S. Navy for long lead time material for Virginia Class Block VI submarines.



October 10, 2024







Articles that caught my attention:





Thanks for stopping by!


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