Sunday, May 10, 2026

Week in Review 19/26



 

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 4, 2026


  • €61.49 – AT&T Inc. (T)
  • €112.10 – Verizon Communications Inc. (VZ)
  • €27.04 – General Mills, Inc. (GIS)
  • €47.93 – Bristol-Myers Squibb Company (BMY)
  • €48.75 – CVS Health Corporation (CVS)
  • €35.90 – Power Corporation of Canada (TSE:POW)


May 5, 2026


  • €258.81 – Sampo plc (SAMPO)


May 8, 2026


  • €40.23 – General Dynamics Corporation (GD)


Week 19: Total net dividends €632.25



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



My Portfolio's Transactions:



May 6, 2026


  • I purchased 15 shares of Intact Financial Corporation (IFC.TO) at C$259.99 per share plus commission.


At today’s exchange rate, this purchase is expected to increase my annual net dividend income by approximately €40.98. Following this acquisition, my portfolio now holds a total of 45 shares of Intact Financial Corporation, with an average purchase price of C$260.57 per share and a yield on cost of 2.26%.


After the transaction, IFC represents approximately 0.82% of my portfolio by weight and contributes about 0.51% to my projected annual dividend income.



Portfolio Holdings News:



May 4, 2026


  • Pinnacle West Capital Corporation (PNW) Reports 2026 First-Quarter Financial Results; PNW reported first-quarter GAAP EPS of $0.27, compared to a loss of $0.04 in the prior-year quarter and a $0.26 beat versus analyst expectations. Revenue increased 11.7% to $1.15 billion, exceeding estimates by $70 million. Management reaffirmed its full-year 2026 guidance, projecting consolidated earnings of $4.55–$4.75 per diluted share on a weather-normalized basis.


May 5, 2026


  • NCC AB (NCC) to refurbish National Archives in Helsinki; NCC has been commissioned by Senatfastigheter to completely refurbish and remodel the main building of the National Archives of Finland in Helsinki. The project is being carried out in partnering form with the Finnish Heritage Agency. The order value is approximately SEK 480 million.


  • Duke Energy Corporation (DUK) Reports First-Quarter 2026 Financial Results; DUK reported first-quarter non-GAAP EPS of $1.93, up 9.7% year over year and exceeding analyst expectations by $0.13. Revenue increased 11.3% to $9.18 billion, beating estimates by $6.9 billion. Management reaffirmed its 2026 adjusted EPS guidance of $6.55–$6.80 and its long-term adjusted EPS growth target of 5%–7% through 2030 (from a 2025 midpoint of $6.30), with expectations to reach the upper half of the range starting in 2028.


  • WEC Energy Group, Inc. (WEC) Reports First-Quarter Results; WEC reported first-quarter GAAP EPS of $2.45, representing 7.9% year-over-year growth and a $0.12 beat versus analyst expectations. Revenue increased 8.9% to $3.43 billion, exceeding estimates by $10 million. Management reaffirmed its full-year 2026 earnings guidance of $5.51–$5.61 per share.


  • Avista Corporation (AVA) Reports Q1 2026 Financial Results; AVA reported quarterly non-GAAP EPS of $1.10, up 8.9% year over year and exceeding analyst expectations by $0.07. Revenue declined 8% to $555 million, missing estimates by $88.55 million. Management confirmed its 2026 non-GAAP utility earnings guidance of $2.52–$2.72 per diluted share.


  • Pfizer Inc. (PFE) Reports First-Quarter Results; PFE reported first-quarter non-GAAP EPS of $0.75, down 18% year over year but exceeding analyst expectations by $0.03. Revenue increased 5.7% to $14.5 billion, beating estimates by $700 million. Management reaffirmed its full-year 2026 guidance, including revenue of $59.5–$62.5 billion and adjusted diluted EPS of $2.80–$3.00.


  • Cardinal Health, Inc. (CAH) Increases Quarterly Dividend; CAH announced that its Board of Directors approved an increase to its quarterly dividend to $0.5158 per share, 1% increase from prior dividend of $0.5107. The dividend will be payable on July 15, 2026 to shareholders of record at the close of business on July 1, 2026.


  • Emerson Electric Co. (EMR) Reports Second Quarter 2026 Results; EMR reported second-quarter non-GAAP EPS of $1.54, up 4% year over year and exceeding analyst expectations by $0.01. Revenue increased 2.9% to $4.56 billion but missed estimates by $30 million. For fiscal 2026, management expects net sales growth of approximately 4.5%, adjusted EPS in the range of $6.45–$6.55, and free cash flow of $3.5–$3.6 billion.


  • Eaton Corporation plc (ETN) Reports First Quarter 2026 Results; ETN reported non-GAAP EPS of $2.81 for the quarter ended March 31, representing 3.3% year-over-year growth and a $0.08 beat versus analyst expectations. Revenue increased 16.8% to $7.45 billion, exceeding estimates by $310 million. Management provided 2026 guidance of $10.88–$11.33 in GAAP EPS and $13.05–$13.50 in adjusted EPS, implying midpoints up 6% and 10%, respectively, compared with 2025.


  • Archer-Daniels-Midland Company (ADM) Reports First Quarter 2026 Results; ADM reported non-GAAP EPS of $0.71 for the quarter, up 1.4% year over year and exceeding analyst expectations by $0.05. Revenue increased 1.5% to $20.49 billion but fell short of estimates by $860 million. Management raised its 2026 adjusted EPS guidance to approximately $4.15–$4.70, up from the prior range of $3.60–$4.25.


  • Prudential Financial, Inc. (PRU) Announces First Quarter 2026 Results; PRU reported first-quarter non-GAAP EPS of $3.61, representing 9.7% year-over-year growth and a $0.50 beat versus analyst expectations. Book value per common share increased to $91.28, compared with $83.59 in the prior-year quarter. Assets under management (AUM) rose to $1.576 trillion, up from $1.522 trillion a year earlier.


  • Main Street Capital Corporation (MAIN) Announces Monthly Dividend Increase; MAIN announced that its Board of Directors approved regular monthly cash dividends of $0.265 per share for the third quarter of 2026 (July through September), representing increases of 1.9% from the second quarter of 2026 and 3.9% from the third quarter of 2025. The Board also declared a supplemental cash dividend of $0.30 per share, payable in June 2026.


  • Intact Financial Corporation (TSE:IFC) Reports Q1-2026 Results; IFC reported first-quarter net operating income per share of C$4.33, up 8% year over year and exceeding analyst expectations by C$0.27. The combined ratio remained stable at 91.3%, while operating ROE improved to 19.4%. Book value per share (BVPS) increased 13% year over year to C$108.78.


May 6, 2026


  • Sampo's plc (SAMPO) Reports Results for January-March 2026; SAMPO reported quarterly operating earnings per share of €0.13, representing 19% year-over-year growth and a €0.02 beat versus analyst expectations. The underwriting result increased to €368 million from €336 million in the prior-year period, exceeding estimates by €27 million. Management raised its 2026 underwriting result guidance to €1,525–€1,625 million, compared with the previous range of €1,485–€1,600 million.


  • Koninklijke Ahold Delhaize N.V. (AMS:AD) Reports Q1 2026 Results; AD reported first-quarter diluted underlying EPS of €0.62, up 8.9% year over year. Revenue totaled €22.28 billion (approximately €22.3 billion), increasing 2.0% at constant exchange rates but declining 4.3% at actual exchange rates. The underlying operating margin improved to 4.0%, up 0.2 percentage points at constant exchange rates. For full-year 2026, management guides for an underlying operating margin of around 4%, mid- to high-single-digit underlying EPS growth at constant exchange rates, free cash flow of at least €2.3 billion, and gross cash capital expenditures of around €2.7 billion.


  • Essential Utilities, Inc. (WTRG) Reports Q1 2026 Results; WTRG reported first-quarter non-GAAP EPS of $0.83, down 19.4% year over year and missing analyst expectations by $0.04. Revenue increased 10% to $861.8 million, beating estimates by $78.9 million. Management continues to expect long-term EPS growth at a compound annual rate of 5%–7% through 2027, based on adjusted 2024 non-GAAP EPS of $1.97.


  • Eversource Energy (ES) Reports First Quarter 2026 Results; ES reported first-quarter GAAP EPS of $1.61, up 7.3% year over year and exceeding analyst expectations by $0.05. Revenue increased 9.2% to $4.5 billion, beating estimates by $170 million. Management revised its 2026 non-GAAP recurring EPS guidance to $4.57–$4.72, down from the prior range of $4.80–$4.95. The company also reaffirmed its long-term annual EPS growth target of 5%–7% through 2030, using the adjusted 2026 midpoint of $4.65 as the base year.


  • UGI Corporation (UGI) Reports Second Quarter Results; UGI reported non-GAAP EPS of $2.09, representing a 5.4% year-over-year decline and a $0.02 miss versus analyst expectations. Revenue increased 0.7% to $2.69 billion, falling short of estimates by $390 million. Management updated its fiscal 2026 adjusted diluted EPS guidance to $2.75–$2.90 per share.


  • CVS Health Corporation (CVS) Reports First Quarter 2026 Results; CVS reported first-quarter non-GAAP EPS of $2.57, representing 14.2% year-over-year growth and a $0.36 beat versus analyst expectations. Revenue increased 6.1% to $100.4 billion, exceeding estimates by $5.38 billion. Management raised its full-year 2026 guidance, projecting adjusted EPS of $7.30–$7.50 (up from $7.00–$7.20) and cash flow from operations of at least $9.5 billion (up from at least $9.0 billion).



  • Nutrien Ltd. (NTR) Reports First Quarter 2026 Results; NTR reported first-quarter non-GAAP EPS of $0.51, representing a 364% year-over-year increase but a $0.04 miss versus analyst expectations. Revenue increased 18.6% to $6.05 billion, exceeding estimates by $760 million. Management provided 2026 guidance for Retail adjusted EBITDA of $1.75–$1.95 billion.


  • LTC Properties, Inc. (LTC) Reports 2026 First Quarter Results; LTC reported fourth-quarter FFO of $0.69 per share, up 6.2% year over year and $0.01 above analyst expectations. Revenue increased 94.6% to $95.41 million, beating analyst estimates by $2.6 million. For 2026, management guides core FFO in the range of $2.75 to $2.79 per share.



  • Fortis Inc. (FTS) Releases First Quarter 2026 Results; FTS reported quarterly adjusted EPS of C$0.99 for the period ended March 31, down slightly from C$1.00 a year earlier and missing analyst expectations by C$0.01. Revenue increased 1.9% to C$3.40 billion but fell short of the C$3.47 billion consensus estimate. The company expects long-term rate base growth to support annual dividend growth of 4%–6% through 2030.



May 7, 2026


  • Gilead Sciences, Inc. (GILD) Announces First Quarter Financial Results; GILD reported first-quarter non-GAAP EPS of $2.03, representing 12.2% year-over-year growth and a $0.12 beat versus analyst expectations. Revenue increased 4.3% to $6.96 billion, exceeding estimates by $30 million. Management revised its 2026 non-GAAP EPS outlook to a loss of $1.05–$1.65 per share, compared with prior guidance of $8.45–$8.85. The company attributed the significant reduction primarily to approximately $11.5 billion in IPR&D charges and financing costs associated with the Arcellx, Ouro Medicines, and Tubulis GmbH transactions.



  • McDonald's Corporation (MCD) Reports First Quarter 2026 Results; MCD reported first-quarter non-GAAP EPS of $2.83, representing 6% year-over-year growth and a $0.09 beat versus analyst expectations. Revenue increased 9.4% to $6.52 billion, exceeding estimates by $50 million. Global comparable sales grew 3.8% in the quarter.


  • Main Street Capital Corporation (MAIN) Announces First Quarter 2026 Results; MAIN reported first-quarter 2026 distributable net investment income (DNII) of $1.00 per share, down 2% year over year and missing analyst expectations by $0.01. Total investment income increased 2% to $140.12 million. Net asset value (NAV) rose to $33.46 per share as of March 31, 2026, up 0.4% from $33.33 per share at year-end 2025.


  • Pembina Pipeline Corporation (TSE:PPL) Reports Results for the First Quarter of 2026; PPL reported first-quarter non-GAAP EPS of C$0.81, up from C$0.78 a year earlier and exceeding analyst expectations by C$0.11. Revenue declined 7.9% year over year to C$2.1 billion but beat estimates by C$210 million. Management raised its 2026 adjusted EBITDA guidance to C$4.35–C$4.55 billion, up from the previous range of C$4.125–C$4.425 billion.


  • Pembina Pipeline Corporation (TSE:PPL) Increases Quarterly Dividend; PPL’s board of directors declared a common share cash dividend for the second quarter of 2026 of $0.735 per share, reflecting an increase of approximately 3.5%. The dividend will be paid on June 30, 2026, to shareholders of record at the close of business on June 15, 2026.


  • South Bow Corporation (SOBO) Reports First-Quarter 2026 Results; SOBO reported quarterly GAAP EPS of $0.75, unchanged from the comparable prior-year period and $0.28 above analyst expectations. Revenue totaled $491 million, representing a 1.4% year-over-year decline but exceeding estimates by $8.2 million. Management expects fiscal 2026 normalized EBITDA of approximately $1.03 billion and distributable cash flow of approximately $655 million.



May 8, 2026


  • Mandatum plc (MANTA) Q1 2026 Interim Report; MANTA reported first-quarter 2026 EPS of -€0.02, down from €0.10 a year earlier and €0.02 below analyst expectations. Fee and commission income increased 10% to €20.6 million, but fell short of forecasts of €22.3 million. Client assets under management (AUM) rose 10% year over year to €15.4 billion, compared with €14.0 billion a year earlier.


  • TELUS Corporation (TSE:T) Reports Financial Results for First Quarter 2026; T reported first-quarter adjusted EPS of C$0.23, compared with C$0.26 in the prior-year quarter and above analyst expectations of C$0.22. Revenue decreased 0.8% year over year to C$5.01 billion. Management reaffirmed its full-year 2026 outlook, including service revenue growth of 2%–4% and adjusted EBITDA growth of 2%–4%.


  • Enbridge Inc. (ENB) Reports First Quarter Results; ENB reported first-quarter non-GAAP EPS of C$0.98, down 4.9% year over year but exceeding analyst expectations by C$0.04. Revenue increased 20.8% to C$22.36 billion, surpassing the C$18.54 billion consensus estimate. Distributable cash flow (DCF) totaled C$3.9 billion, compared with C$3.8 billion in the prior year. Management reaffirmed its 2026 guidance for adjusted EBITDA of C$20.2–C$20.8 billion and DCF per share of C$5.70–C$6.10. The company also reaffirmed its post-2026 near-term average annual growth target of approximately 5% for adjusted EBITDA, DCF per share, and EPS.


  • Emera Incorporated (EMA) Reports 2026 First Quarter Financial Results; EMA reported first-quarter non-GAAP EPS of C$1.37, representing 7.1% year-over-year growth and a C$0.22 beat versus analyst expectations. Revenue increased 5.1% to C$2.81 billion, falling short of the C$3.01 billion consensus estimate. Management indicated that the company remains on track to achieve 2026 adjusted EPS growth above its long-term annualized guidance range of 5%–7%.




Articles that caught my attention:





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