Sunday, December 8, 2024

Week in Review 49/24



 

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:



December 2, 2024


  • €20.72 – Essential Utilities, Inc. (WTRG)
  • €17.72 – WEC Energy Group, Inc. (WEC)
  • €41.14 – Pinnacle West Capital Corporation (PNW)
  • €16.18 – ConocoPhillips (COP)
  • €74.18 – Pfizer Inc. (PFE)
  • €4.17 – Visa Inc. (V)
  • €26.52 – Aflac Incorporated (AFL)
  • €33.44 – Magna International Inc. (MGA)


December 3, 2024


  • €26.46 – Golar LNG Limited (GLNG)
  • €103.21 – Enbridge Inc. (ENB)
  • €52.37 – Fortis Inc. (FTS)
  • €36.10 – Canadian Utilities Limited (TSE:CU)


December 5, 2024


  • €74.65 – United Parcel Service, Inc. (UPS)


Week 49: Total net dividends €526.89


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



My Portfolio's Transactions:



December 5, 2024


  • I purchased 21 shares of JPM US Equity Premium Income Active UCITS ETF USD Dist (JEIP.DE) at €24.60 per share plus commission.


Based on the latest announcement, for December JEIP pays a dividend of $0.1533, if the dividend remains at this level in the future, it will be $1.84 per year. At today's exchange rate, that purchase 21 shares of JEIP will increase €25.58 of my expected annual net dividend income. After this acquisition my yield on cost is 7.03%, JEIP’s weight of my portfolio is about 0.20% and its share of future annual dividend income is approximately 0.32%. For now, my plan is to increase the amount of JEIP in my portfolio on a monthly basis.


  • I opened a new position and purchased 20 shares of JPM Nasdaq Equity Premium Income Active UCITS ETF USD Dist (JEQP.DE) at €24.89 per share plus commission.


The fund has the ticker JEQP on the German stock exchange Xetra but it is known as JEPQ as it is the fund's ticker in the US and on the London Stock Exchange. The content of the fund is roughly the same as the Nasdaq100 index and so is the weighting of the holdings. It is new here in the EU but has been around for a few years in the US where it has become very popular. In short, the fund invests in a similar way to the Nasdaq100 index and, on top of that, issues options against the holding via the Covered Calls arrangement. Based on the latest announcement, for December JEPQ pays a dividend of $0.1904, if the dividend remains at this level in the future, it will be $2.28 per year.


Portfolio Holdings News:



December 2, 2024


  • Aflac Incorporated (AFL) Increased Quarter Dividend; AFL announced that its Board of Directors has declared the first quarter dividend of $0.58 per share, payable on March 3, 2025, to shareholders of record at the close of business on February 19, 2025. This represents a 16.0% increase over the previously declared fourth quarter dividend.


December 3, 2024


  • The Bank of Nova Scotia (BNS) Reports Fourth Quarter And 2024 Results; BNS reports fourth quarter Non-GAAP EPS of C$1.57, 27.6% above from last year but C$0.03 less than expected. Revenue grew 2.6% to C$8.53 billion, missing analyst estimates by C$100 million. Reported a Common Equity Tier 1 (CET1) capital ratio of 13.1%, up from 13.0% last year. Q4 provision for credit losses was $1,030 million, compared to $1,256 million, a decrease of $226 million.



  • Enbridge Inc. (ENB) Announced Quarterly Dividend Increase; ENB announced that its Board of Directors has declared a quarterly dividend of C$0.9425 per common share, payable on March 1, 2025 to shareholders of record on February 14, 2025. The declared dividend represents a 3% increase from the prior quarterly rate and the thirtieth consecutive year in which the Company has increased its common share dividend.


December 4, 2024



  • Royal Bank of Canada (RY) Reports Fourth Quarter And 2024 Results; RY reported quarterly adjusted earnings of C$3.07​​ per share for the quarter ended October 31, higher than the same quarter last year, when the company reported EPS of C$2.78. The mean expectation of ten analysts for the quarter was for earnings of C$2.99 per share. Revenue rose 15.7% to C$15.07 billion from a year ago, analysts expected C$14.59 billion. CET1 ratio at 13.2%, up 20 bps from the prior quarter. Total PCL of C$840 million increased C$120 million or 17% from a year ago.


  • Royal Bank of Canada (RY) Increased Quarterly Dividend; RY announced that its board of directors has declared an increase to its quarterly common share dividend of six cents, or 4%, to $1.48 per share, payable on February 24, 2025, to common shareholders of record at the close of business on January 27, 2025.



December 5, 2024


  • NCC AB (NCC) to build 185 rental apartments in Lund; NCC, on behalf of Tetra Laval Real Estate AB, is to build 185 apartments in the Västerbro district in central Lund. The project is a turnkey contract and the order value is approximately SEK 330 million.


  • WEC Energy Group, Inc. (WEC) Announces Plan To Increase Dividend; The board of directors of WEC announced that it is planning to raise the quarterly dividend on the company's common stock to 89.25 cents per share in the first quarter of 2025. This would represent an increase of 5.75 cents per share, or 6.9 percent. The directors expect to declare the new dividend at their regularly scheduled meeting in January. The dividend would be payable March 1, 2025, to stockholders of record on Feb. 14, 2025.


  • RTX Corporation (RTX) awarded production contract for Next Generation Jammer Mid-Band; RTX has been awarded a $590 million follow-on production contract from the U.S. Navy for the Next Generation Jammer Mid-Band system. NGJ-MB is a cooperative development and production program with the Royal Australian Air Force (RAAF). The contract includes delivery of shipsets, support equipment, spares and non-recurring engineering support.


  • The Toronto-Dominion Bank (TD) Reports Fourth Quarter and Fiscal 2024 Results; TD reports fourt quarter Non-GAAP EPS of C$1.72, 5.5% below from last year and C$0.10 less than expected. Revenue grew 17.7% to C$15.51 billion, beating analyst estimates by C$304 million. CET1 ratio was 13.1% at October 31, 2024, compared with 12.8% at the end of the prior quarter. PCL rose 26.3% to C$1.11 billion from C$878 million compared the same quarter last year. TD also said it suspended financial-growth targets as it reviews its business options, weeks after settling U.S. charges it failed to properly monitor money laundering.



  • Canadian Imperial Bank of Commerce (CM) Announces Fourth Quarter And Fiscal 2024 Results; CM reported fiscal Q4 adjusted earnings of C$1.91 per diluted share, up from C$1.57 a year earlier, while analysts expected CA$1.79. Revenue for the quarter ended Oct. 31 was C$6.62 billion, compared with C$5.85 billion a year earlier, while C$6.51 billion was expected. CET1 ratio was 13.3% at October 31, 2024, same as end of the prior quarter. Provision for credit losses was C$419 million for Q4, down C$122 million or 23% from the same quarter last year.


  • Canadian Imperial Bank of Commerce (CM) Raises Quarterly Dividend; CM announced that its Board of Directors declared a dividend of C$0.97 per share on common shares for the quarter ending January 31, 2025 an increase of C$0.07 per share or 7.8% from the previous quarter. This dividend is payable on January 28, 2025 to shareholders of record at the close of business on December 27, 2024.



Articles that caught my attention:





Thanks for stopping by!


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1 comment:

  1. DividendiDecember 8, 2024 at 1:03 PM

    Those dividend payments really added up nicely! Im also starting to buy into the new JPM etf's that were just made available in europe, love the monthly dividends :)

    Best/Divi
    https://dividendi-ekonomi.blogspot.com/

    ReplyDelete

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