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:
November 11, 2024
- €47.06 – JPM Global Equity Premium Income Active UCITS ETF (JGPI.DE)
November 12, 2024
- €77.08 – NCC AB (NCC)
- €19.01 – Texas Instruments Incorporated (TXN)
- €18.56 – Air Products and Chemicals, Inc. (APD)
November 13, 2024
- €9.20 – Metro Inc. (TSE:MRU)
- €25.28 – Global X SuperDividen ETF (SDIV)
November 14, 2024
- €48.94 – ONEOK, Inc. (OKE)
Week 46: Total net dividends €245.13
Dividend income is reported after the deduction of taxes. Check more at my Monthly Dividend sheet.
Portfolio Holdings News:
November 11, 2024
- AbbVie Inc. (ABBV) Update on Phase 2 Results for Emraclidine in Schizophrenia; ABBV announced that its two Phase 2 EMPOWER trials investigating emraclidine as a once-daily, oral monotherapy treatment for adults with schizophrenia who are experiencing an acute exacerbation of psychotic symptoms, did not meet their primary endpoint.
- Baxter International Inc. (BAX) Cuts Dividend; BAX declared a quarterly cash dividend of $0.17 per share, -41.4% decrease from prior dividend of $0.29. This dividend represents the new quarterly dividend rate for Baxter anticipating the divestiture of its Kidney Care business segment to Carlyle (CG), which is expected to close in late 2024 or early 2025.
- Cardinal Health, Inc. (CAH) Announces Two Strategic Additions To Its Portfolio; CAH will buy a majority stake in GI Alliance (GIA), a gastroenterology management services organization, from a combination of GIA physician owners and funds managed by affiliates of Apollo (APO) for approximately $2.8B in cash, which will represent 71% ownership. GIA will operate as a platform within Cardinal Health's Pharmaceutical and Specialty Solutions segment. CAH will also acquire the Advanced Diabetes Supply Group (ADSG), diabetic medical supplies providers, for approximately $1.1 billion in cash. ADSG will merge with Cardinal Health's at-Home Solutions business.
November 12, 2024
- Mandatum plc (MANTA) Interim Report 1 January–30 September 2024; MANTA reports third quarter EPS of €0.07, 47% below last year's result and €0.01 less than expected. Profit before taxes decreased 46% to €45.2 million, missing estimates by €7.7 million. Client assets under management (AuM) increased by 18% from the previous year and amounted to €13.3 (11.2) billion. Net flow increased by 19% to €113.8 (95.9) million. Solvency ratio adjusted for dividend accrual was 224.3%.
- The Home Depot, Inc. (HD) Announces Third Quarter Fiscal 2024 Results; HD reports Q3 Non-GAAP EPS of $3.78, 1.8% below from last year but $0.13 more than expected. Revenue grew 6.6% to $40.2 billion, topping estimates $980 million. Management updated fiscal 2024 guidance, Total sales to increase approximately 4% and adjusted diluted earnings-per-share to decline approximately 1% from $15.25 in fiscal 2023.
- Golar LNG Limited (GLNG) Reports results for the period ended September 30, 2024; GLNG reports Q3 Net loss of $36 million, a Net profit of $54million excluding $90 million of market adjusted non-cash items, and Adjusted EBITDAof $59 million. Revenue of $64.81 million misses analyst estimates by $2.67 million and decreased 3.6% versus the same quarter last year.
- T. Rowe Price Group, Inc. (TROW) Reports Preliminary Month-end Assets Under Management for October 2024; TROW reported preliminary month-end assets under management of $1.61 trillion as of October 31, 2024. Preliminary net outflows for October 2024 were $2.0 billion.
- Power Corporation of Canada (TSE:POW) Reports Third Quarter 2024 Financial Results; POW reported quarterly adjusted earnings of C$0.84 per share for the quarter , lower than the same quarter last year, when the company reported EPS of C$1.52. The mean expectation of eight analysts for the quarter was for earnings of C$1.14 per share. Revenue was C$4.62 billion. Adjusted net asset value per share was C$57.92 at September 30, 2024, compared with C$53.53 at December 31, 2023.The Corporation's book value per share was C$34.00 at September 30, 2024, compared with C$32.49 at December 31, 2023.
November 13, 2024
- Cisco Systems, Inc. (CSCO) Reports First Quarter Earnings; CSCO reports Q1 Non-GAAP EPS of $0.91, 18% below last year's result but $0.04 more than expected. Revenue fell 5.7% to $13.84 billion, beating analyst estimates by $70 million. For Q2 Management guides Revenue of $13.75 billion to $13.95 and Non-GAAP of $0.89 to $0.91, For FY 2025 Revenue of $55.3 billion to $56.3 billion and Non-GAAP EPS of $3.60 to $3.66.
November 14, 2024
- Kesko Corporation’s (KESKO) sales in October; KESKO’s sales increased by 6.2% in October, or by 2.2% in comparable terms.
- NCC AB (NCC) sells two office projects in Gothenburg for SEK 2.2 billion; NCC is selling the Våghuset and Brick Studios office projects to Alecta Fastigheter. The properties lie next to each other on Masthuggskajen in central Gothenburg.
- General Mills, Inc. (GIS) To Acquire Whitebridge's Brands; GIS announced it has entered into a definitive agreement to acquire Whitebridge Pet Brands’ North American premium Cat feeding and Pet treating business from NXMH in a transaction valued at $1.45 billion.
- Canadian Utilities Limited (TSE:CU) Reports Third Quarter 2024 Earnings; CU reports Q3 adjusted earnings of C$0.38, 18.8% above from last year and C$0.04 more than expected. Revenue for the quarter dipped slightly to C$810 million, C$2 million lower than the same period last year.
Articles that caught my attention:
- Undervalued Dividend Growth Stock of the Week: Pfizer (PFE) by Jason Fieber at Daily Trade Alert
- The U.S. stock market has its best week of the year on the Sunday Reads by Dale Roberts at Cut the Crap Investing
- Altria: Sit Back And Continue To NJOY The Dividends by The Dividend Collectuh at Seeking Alpha
- Very Bad News For Blue-Chip Big Dividend REITs by High Yield Investor at Seeking Alpha
- Warren Buffett's Dividend Portfolio by Simply Safe Dividends
- Best 10 Stocks to Buy Now and Hold Forever – Part 1 [Podcast] by Mike at The Dividend Guy Blog
- How I'd Build The Ultimate Dividend Retirement Portfolio Today by Leo Nelissen at Seeking Alpha
- Will Tesla Ever Pay A Dividend? by Bob Ciura at Sure Dividend
- Best 10 Stocks to Buy Now and Hold Forever – Part 2 [Podcast] by Mike at The Dividend Guy Blog
- My Single Biggest Regret As An Investor by Samuel Smith at Seeking Alpha
- Hormel Foods Corp. (HRL) Dividend Stock Analysis by D4L at Dividend Growth Stocks
- How To Build A $100,000 Dividend Portfolio: A Strategic Guide To Balance Income And Growth by Frederik Mueller at Seeking Alpha
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