Week in Review 47/24

 

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:

November 18, 2024

• €50.71 – Kinder Morgan, Inc. (KMI)
• €17.75 – The Procter & Gamble Company (PG)
• €84.64 – AbbVie Inc. (ABBV)
• €39.96 – General Dynamics Corporation (GD)
• €59.09 – Unum Group (UNM)
• €21.10 – Ally Financial Inc. (ALLY)
• €87.19 – Omega Healthcare Investors, Inc. (OHI)
• €26.26 – Main Street Capital (MAIN)
• €34.27 – Realty Income Corporation (O)
• €49.93 – Emera Incorporated (TSE:EMA)

Week 47: Total net dividends €470.90

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

My Portfolio's Transactions:

November 18, 2024

• I purchased 20 shares of LyondellBasell Industries N.V. (LYB) at $82.80 per share plus commission.

At today's exchange rate, that purchase 20 shares of LYB will increase €75.51 of my expected annual net dividend income. Following this acquisition, my portfolio now contains a total of 80 LyondellBasell Industries shares at an average purchase price of $85.03 and yield on cost is 6.30%. After this acquisition, LYB’s weight of my portfolio is about 0.63% and its share of future annual dividend income is approximately 1.28%.

November 19, 2024

• I purchased 250 shares of Mandatum plc (MANTA) at €4.16 per share plus commission.

That purchase 250 shares of MANTA will increase €61.46 of my expected annual net dividend income. Following this acquisition, my portfolio now contains a total of 728 MANTA shares. After this acquisition, MANTA ’s weight of my portfolio is about 0.41% and its share of future annual dividend income is approximately 0.76%.

Portfolio Holdings News:

November 18, 2024

• Neste Corporation (NESTE) and PCS to bring renewable solutions to Southeast Asia’s chemicals industry; NESTE and Singapore-based essential chemicals company PCS Pte. Ltd. (“PCS”) have launched a cooperation for the supply of renewable solutions to Southeast Asia’s chemicals industry. The collaboration aims at introducing renewable raw materials to replace fossil ones in chemicals and plastics value chains in the region.

• Archer-Daniels-Midland Company (ADM) Reports Third Quarter 2024 Results; ADM reports Q3 Non-GAAP EPS of $1.09, down 33% versus prior year and in line with estimates. Revenue of $19.94 billion misses analyst estimates by $1.56 billion and decreased 8.1% versus the same quarter last year. For the full year Management guides adjusted earnings per share in the range of $4.50 to $5.00.

November 19, 2024

• ONEOK, Inc. (OKE) Announces Agreement to Sell Wholly Owned Interstate Natural Gas Pipelines to DT Midstream; OKE announced that it has executed a definitive agreement with DT Midstream, Inc. (NYSE: DTM) ("DT Midstream") under which ONEOK will sell its three wholly owned interstate natural gas pipeline systems for a total cash consideration of $1.2 billion subject to customary adjustments.

• TC Energy Corporation’s (TRP) outlook highlights solid growth, low risk, repeatable performance at 2024 Investor Day; TRP forecasts FY 2025 comparable EBITDA in the range of C$10.7B-C$10.9B (US$7.63B-$7.78B), higher than its 2024 outlook, due to rising demand for natural gas and electrification. Announced four new growth projects, totaling approximately $1.5 billion of gross capital expenditures.

November 20, 2024

• Target Corporation (TGT) Reports Third Quarter Earnings; TGT reports Non-GAAP EPS of $1.85, missing analyst estimates by $0.45 and decreasing 11.9% year-over-year. Revenues grew by 1.1% to $25.67 billion, missing estimates by $230 million. For the fourth quarter, Management expects approximately flat comparable sales and GAAP and Adjusted EPS of $1.85 to $2.45, translating to a full year expected GAAP and Adjusted EPS range of $8.30 to $8.90.

• Manulife Financial Corporation (MFC) Announces $5.4 Billion Reinsurance Transaction; MFC announced that it has entered into a C$5.4B reinsurance agreement with Reinsurance Group of America (RGA), including C$2.4 billion of long-term care ("LTC") reserves.

• Metro Inc. (TSE:MRU) Reports 2024 Fourth Quarter Results; MRU reports Non-GAAP EPS of $1.02, up 3% versus prior year and C$0.03 ahead of estimates. Revenue fell 2.6% to C$4.94 billion from a year ago, analysts expected C$4.86 billion. Management continues to aim for between 8% and 10% annual growth in adjusted net earnings per share over the medium and longer term.

• Metro Inc. (TSE:MRU) Renews Its Share Buyback Program; MRU has renewed its normal course issuer bid program with approval from the Toronto Stock Exchange, as an additional option for using excess funds. MRU will repurchase up to 10 million of its common shares, around 4.50% of its outstanding shares, as of November 14, 2024.

November 21, 2024

• UGI Corporation (UGI) Reports Fiscal 2024 Results; UGI reports FY Non-GAAP EPS of $3.06, 7.8% above from last year and $0.12 more than expected. Management guides fiscal 2025 adjusted diluted EPS guidance range of $2.75 - $3.05.

November 22, 2024

• PepsiCo, Inc. (PEP) To Acquire Full Ownership Of Sabra And Obela; PEP announced its agreement to acquire the remaining 50% interest in Sabra Dipping Company, LLC (Sabra) and PepsiCo-Strauss Fresh Dips & Spreads International GmbH (Obela) and become the sole owner of these companies, which make Sabra and Obela products. The transactions are subject to customary closing conditions and are expected to close by the end of 2024. Additional terms of the acquisitions were not disclosed.

Articles that caught my attention:

• Undervalued Dividend Growth Stock of the Week: American Tower (AMT) by Jason Fieber at Daily Trade Alert
• The core ETF portfolio performance on the Sunday Reads by Dale Roberts at Cut the Crap Investing
• Seven Dividend Growth Companies Increase Dividends Last Week by Dividend Growth Investor
• High-Conviction Investing - 4 Of The Best Dividend Stocks Money Can Buy by Leo Nelissen at Seeking Alpha
• Dividend Kings in Focus: Automatic Data Processing by Felix Martinez at Sure Dividend
• Why budgets work (and don’t) by Mark at My Own Advisor
• Bad News For Realty Income by Jussi Askola, CFA at Seeking Alpha
• Energy Transfer Will Benefit From The Trump Trade And Drill Baby Drill by Steven Fiorillo at Seeking Alpha
• 3 Dividend Aristocrat Utilities to Power Your Portfolio by Bob Ciura at Dividend Power
• Is FIRE Worth It? [Podcast] by Mike at The Dividend Guy Blog
• Allocating $50K In A Dividend Portfolio: Enhancing SCHD With 10 High-Yield Picks by Frederik Mueller at Seeking Alpha
• The Top 5 Canadian Bank Stocks, Ranked In Order by Bob Ciura at Sure Dividend
• Cincinnati Financial Corp. (CINF) Dividend Stock Analysis by D4L at Dividend Growth Stocks
• Discovering Income AND Value in Energy Cyclicals by Chuck Carnevale of FAST Graphs at Daily Trade Alert

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