Week in Review 22/25

 

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:

May 26, 2025

• €358.94 – Mandatum Oyj (MANTA)
• €20.57 – Eaton Corporation plc (ETN)
• €84.65 – Royal Bank of Canada (RY)

May 27, 2025

• €80.46 – NN Group N.V. (AMS:NN)

May 30, 2025

• €20.00 – Starbucks Corporation (SBUX)
• €12.45 – LTC Properties, Inc. (LTC)

Week 22: Total net dividends €586.75

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

Portfolio Holdings News:

May 26, 2025

• Mandatum Incentives Oy will be merged into Mandatum Life Services Ltd; Mandatum Incentives Oy, a wholly-owned subsidiary of Mandatum Life Insurance Company Limited, will merge into Mandatum Life Services Ltd, a company also wholly-owned by Mandatum Life Insurance Company Limited, as a sister company merger in accordance with the Finnish Limited Liability Companies Act. The effective date of the merger is 31 May 2025, and no merger consideration will be paid. The rationale behind the merger is Mandatum’s aim to simplify its group structure.

May 27, 2025

• UPM-Kymmene Oyj (UPM) sharpens its focus on biofuels growth strategy and plans to discontinue the Rotterdam Biofuels Refinery project; UPM plans to discontinue the development of its potential second biomass-to-fuels refinery at the Port of Rotterdam. As a result, UPM plans to halt all engineering work related to the CAPEX investment in Rotterdam and to withdraw from all site-related commitments associated with the Rotterdam investment.

• Golar LNG Limited (GLNG) Interim results for the period ended March 31, 2025; GLNG reported adjusted earnings of $0.18 per share for Q1, falling short of both the $0.45 EPS reported in the same quarter last year and the $0.19 consensus estimate from five analysts. Revenue declined 3.8% year-over-year to $62.5 million, also missing expectations of $66.74 million.

• The Bank of Nova Scotia (BNS) Reports Second Quarter Results; BNS reported second-quarter non-GAAP EPS of C$1.52, a 3.8% decline year-over-year and C$0.03 below analyst expectations. Revenue rose 8.7% to C$9.08 billion, slightly missing estimates by C$10 million. The Common Equity Tier 1 (CET1) capital ratio improved to 13.2%, up approximately 30 basis points from the prior quarter. Provision for credit losses (PCL) came in at C$1.398 billion, significantly higher than C$1.007 billion in the same quarter last year and above the C$1.22 billion projected by analysts.

• The Bank of Nova Scotia (BNS) Increases Quarterly Dividend; BNS announced a quarterly dividend increase of C$0.04, representing a 3.8% raise from the prior dividend of C$1.06 to C$1.10 per share. The dividend is payable on July 29, 2025, to shareholders of record as of the close of business on July 2, 2025.

May 28, 2025

• Kesko Corporation (KESKO) has completed the acquisition of the Danish builders’ merchant Tømmergaarden A/S; KESKO has completed the acquisition of the Danish builders’ merchant Tømmergaarden A/S. The acquisition is the last of Kesko’s three recent Danish acquisitions to be completed and it makes Kesko’s Danish subsidiary Davidsen a significant nationwide player in the Danish builders’ merchant market.

• Lockheed Martin Corporation (LMT) has been awarded a $509.76M modification to a previously awarded U.S. Air Force contract for Global Positioning System III Follow-On Space Vehicles 21 and 22.

• The Bank of Nova Scotia (BNS) Receives Approval to Repurchase Up to 20 Million of its Common Shares; BNS announced that the Toronto Stock Exchange ("TSX") and the Office of the Superintendent of Financial Institutions ("OSFI") have approved its normal course issuer bid to purchase up to 20 million of its Common Shares. This represents approximately 1.6 per cent of the 1,245,577,909 Common Shares issued and outstanding as of May 23, 2025.

May 29, 2025

• Best Buy Co., Inc. (BBY) Reports First Quarter Results; BBY reported first-quarter non-GAAP earnings per share (EPS) of $1.15, a 4.2% decline from the prior year but $0.06 above analyst expectations. Revenue fell 0.9% year-over-year to $8.77 billion, missing estimates by $50 million. Management also revised its full-year fiscal 2026 guidance. Revenue is now expected to range between $41.1 billion and $41.9 billion, down from the previous outlook of $41.4 billion to $42.2 billion. Adjusted diluted EPS guidance was also narrowed to $6.15–$6.30, compared to the prior range of $6.20–$6.60.

• Royal Bank of Canada (RY) Reports Second Quarter 2025 Results; RY reported quarterly adjusted earnings per share (EPS) of C$3.12, up from C$2.92 in the same period last year but below analyst expectations of C$3.17. Revenue rose 10.7% year-over-year to C$15.67 billion, though it fell short of analyst estimates by C$70 million. The bank’s Common Equity Tier 1 (CET1) ratio remained steady at 13.2% compared to the previous quarter, marking a 40 basis point increase year-over-year. Provisions for credit losses totaled C$1.42 billion, an increase of C$504 million (55%) from a year ago and C$374 million (36%) from the previous quarter.

• Royal Bank of Canada (RY) Declares Dividend Increase; RY announced that its board of directors has declared an increase to its quarterly common share dividend of six cents, or four per cent, to $1.54 per share, payable on or after August 22, 2025, to common shareholders of record at the close of business on July 24, 2025.

• Canadian Imperial Bank of Commerce (CM) Announces Second Quarter 2025 Results; CM reported fiscal Q2 Non-GAAP EPS of C$2.05, a 14.5% increase from C$1.79 a year earlier and C$0.15 above analyst expectations of C$1.90. Revenue rose 14% year-over-year to C$7.02 billion, beating consensus estimates by C$120 million. The Common Equity Tier 1 (CET1) ratio was 13.4% as of April 30, 2025, slightly down from 13.5% in the previous quarter. Provision for credit losses increased to C$605 million, up C$91 million year-over-year.

Articles that caught my attention:

• Undervalued Dividend Growth Stock of the Week: EOG Resources (EOG) by Jason Fieber at Daily Trade Alert
• Dividends feel good, but they don’t contribute to wealth creation by Dale Roberts at Cut the Crap Investing
• Realty Income Vs. NNN REIT: I Have A Preference, But I'm Buying Both by Cash Flow Venue at Seeking Alpha
• 5 Red Flag Dividend Champions Most Likely To Cut Their Dividends by Bob Ciura at Sure Dividend
• The Power of Moats by Dividend Growth Investor
• The Dark Side Of High-Yield Investing by Samuel Smith at Seeking Alpha
• Regulated Contracts, and a Dividend That Flows Like Clockwork by DivGuy at Dividend Monk
• 10 Undervalued Hidden Gem Dividend Stocks For Savvy Investors by Bob Ciura at Sure Dividend
• Genuine Parts Company (GPC) Dividend Stock Analysis by D4L at Dividend Growth Stocks
• When $7 Trillion Wakes Up: Buy These 3 Dividend Stocks Before Everyone Else Does by Leo Nelissen at Seeking Alpha
• 3 Tech Stocks Growing Dividends at A High Rate by Bob Ciura at Dividend Power
• HEICO Exceeds Fair Value by Charles Fournier at Financial Freedom Is A Journey
• Dividend Harvesting Portfolio Week 221: $22,100 Allocated, $2,225.40 In Projected Dividends by Steven Fiorillo at Seeking Alpha
• Why EPS Isn’t What You Think It Is—And What Dividend Investors Must Watch Instead by Mike at The Dividend Guy Blog
• This Isn't The Philip Morris You Think It Is by Investor Overview at Seeking Alpha

Thanks for stopping by!