Sampo planning to spin-off Mandatum

Board of Directors of Sampo announced a strategic review of Mandatum’s role within the Group. Following an assessment of options, the Board has resolved to propose a partial demerger of Sampo plc to separate Mandatum from the Sampo Group.

The demerger would create a leading pure-play Nordic P&C insurer capable of delivering high and stable returns on capital, and an independent Mandatum.

As demerger consideration, Sampo shareholders would receive one new share in Mandatum plc, the company to be incorporated in the demerger on the effective date, which is expected to be 1 October 2023, for each existing series A or series B share in Sampo plc. Mandatum would only have one share class. Shares in Mandatum would be admitted for trading on Nasdaq Helsinki.

As I currently hold 41 shares of Sampo Group, this would mean that I will be receiving 41 shares of Mandatum once this demerger will be completed.

 

New purchase : Medifast Inc.

New position started in portfolio with a purchase of Medifast Inc. (NYSE:MED)

Medifast, Inc. is an American nutrition and weight loss company based in Baltimore, Maryland. Medifast produces, distributes, and sells weight loss and health-related products through websites, multi-level marketing, telemarketing, and franchised weight loss clinics.

Medifast Inc. pays dividend with 2-5-8-11 schedule and is a replacement addition to my B-month stocks.

 

Progress update : February 2023

Quote	2020	2021	2022	2023	1y chg	2y chg	3y chg
AT&T	35.27	43.04	45.85	25.21	-45.0%	-41.4%	-28.5%
Lowes Companies	-	-	-	4.87
Verizon Communications	18.83	20.21	30.09	49.67	65.07%	145.7%	163.7%
Sievi Capital	22.50	-	-	-
Nokia	-	-	-	7.50
AGNC Investment	13.30	11.58	21.58	22.95	6.35%	98.19%	72.56%
Enterprise Products	23.72	21.55	23.82	-	-100.%	-100.%
Emera Inc.	-	-	17.39	31.16	79.18%
Alliance Resource	17.71	-	10.59	-	-100.%
Golar LNG	17.53	0.78	-	-	%
Omega Healthcare	56.69	56.16	60.00	63.64	6.07%	13.32%	12.26%
AbbVie Inc.	27.13	30.98	51.99	57.88	11.33%	86.83%	113.3%
Realty Income	8.15	10.29	11.48	15.77	37.37%	53.26%	93.50%
Pembina Pipeline	-	-	13.05	-
EPR Properties	10.35	-	8.12	9.47	16.63%	%
Main Street	16.27	14.52	16.24	20.16	24.14%	38.84%	23.91%
Panostaja Oyj	-	6.00	16.00	6.00	-62.5%	0.00%
Lazard Ltd	17.04	-	19.28	-	-100.%
Vermilion Energy	10.09	-	-	-
Prospect Capital	12.21	10.89	14.24	15.23	6.95%	39.85%	24.73%
Royal_Bank_of_Canada	18.92	18.42	21.84	32.00	46.52%	73.72%	69.13%
Bank_of_Montreal	-	-	-	19.76
Chatham Lodging_Trust	13.96	-	-	-
LTC Properties	12.85	11.82	12.71	13.39	5.35%	13.28%	4.20%
Crestwood Equity	34.30	-	33.08	-	-100.%
Orchid Island	-	18.49	20.42	12.65	-38.0%	-31.5%
Gladstone Investment_Corp	-	-	29.29	19.74	-32.6%
Gladstone Commercial_Corp	-	-	-	11.96
Gladstone Capital_Corp	-	-	-	5.15
Total	386.82	274.73	467.06	444.16	-4.90%	61.67%	14.82%

Status update : February 2023

 Dividends received in February

- 25.21 from AT&T 
- 4.87 from Lowes Companies
- 49.67 from Verizon Communications
- 7.50 from Nokia 
- 22.95 from AGNC Investment
- 31.16 from Emera Inc.
- 63.64 from Omega Healthcare
- 57.88 from AbbVie Inc.
- 15.77 from Realty Income
- 9.47 from EPR Properties
- 20.16 from Main Street
- 6.00 from Panostaja Oyj
- 15.23 from Prospect Capital
- 32.00 from Royal_Bank_of_Canada 
- 19.76 from Bank_of_Montreal 
- 13.39 from LTC Properties
- 12.65 from Orchid Island
- 19.74 from Gladstone Investment_Corp
- 11.96 from Gladstone Commercial_Corp
- 5.15 from Gladstone Capital_Corp

This makes a total of 444.16 in dividends received from 20 companies. Previous year I received 467.06 in February. This is a -4.90% change in dividends. Had to sell some of my B positions last year, so it will take some time to build up B months again.

Dividend increase #16 of 2023 : Trinity Capital Inc.

Trinity Capital (NASDAQ:TRIN) declares $0.47/share quarterly dividend, 2.2% increase from prior dividend of $0.46.

 

Dividend decrease #7 of 2023 : Annaly Capital Management

Annaly Capital Management (NYSE:NLY) declares $0.65/share quarterly dividend. Payable April 28; for shareholders of record March 31; ex-div March 30.

This is a 26% decrease from previous quarter dividend of $0.88 per share. Sad... 

Dividend increase #15 of 2023 : Realty Income Corporation

Realty Income Corporation (Realty Income, NYSE: O), The Monthly Dividend Company^®, today announced its Board of Directors has declared an increase in the company's common stock monthly cash dividend to $0.2550 per share from $0.2545 per share. The dividend is payable on April 14, 2023, to stockholders of record as of April 3, 2023. 

This is the 120^th dividend increase since Realty Income's listing on the NYSE in 1994. The ex-dividend date for March's dividend is March 31, 2023. The new monthly dividend represents an annualized dividend amount of $3.060 per share as compared to the prior annualized dividend amount of $3.054 per share.

 

Dividend increase #14 of 2023 : W.P. Carey Inc.

W. P. Carey Inc. (W. P. Carey, NYSE: WPC) reported today that its Board of Directors increased its quarterly cash dividend to $1.067 per share, equivalent to an annualized dividend rate of $4.27 per share. The dividend is payable on April 14, 2023 to stockholders of record as of March 31, 2023.

 

New purchase : Gladstone Capital Corporation

Added 75 shares of Gladstone Capital Corporation (NSQ:GLAD) at $10.10 per share. I now hold 148 share of Gladstone Capital Corporation. Building up this monthly payer up.

Dividend decrease #6 of 2023 : Fortum Oyj

Fortum Oyj board proposes dividend of 0.91€ from year 2022. And dividend would be paid in two installments. One more company to move to bi-annual dividend payments. After last year Uniper situation, this dividend cut is less than I was expecting so this is a good announcement.

 

Dividend increase #13 of 2023 : Canadian Natural Resources

Canadian Natural Resources Limited (TSX: CNQ) (NYSE: CNQ) announces that its Board of Directors has approved a 6% increase to its quarterly cash dividend on its common shares to C$0.90 (ninety cents) per common share. The dividend will be payable on April 5, 2023 to shareholders of record at the close of business on March 17, 2023.