New purchase : Gladstone Investment Corporation

Added 47 shares of Gladstone Investment Corporation (NSQ:GAIN) at $13.66 per share. I now hold 309 shares of Gladstone Investment Corporation

 

 

New purchase : Lowe's Companies

Added 3 shares of Lowe's Companies (NYSE:LOW) at $202.50 per share, I now hold 8 share of Lowe's Companies.

Dividend increase #18 of 2023 : Southern Company

 Southern Company announced today it is increasing its dividend by 8 cents per share on an annualized basis to a rate of $2.80 per share.

This marks the 75^th consecutive year that Southern Company has paid a dividend on its common stock that is equal to or greater than the previous quarter. Additionally, it is the 22^nd consecutive year that Southern Company has raised its dividend.

Southern Company also announced today a regular quarterly dividend – including the increase of 2 cents per share over the prior quarter – of 70 cents per share, payable June 6, 2023, to shareholders of record as of May 15, 2023.

 

Telia Company moved into quarterly dividend payments

Telia Company (TELIA.SE) has switched into quarterly dividend payments. From now on they pay dividends on Feb-Apr-Aug-Nov schedule. This year only three dividend payments incoming.

New purchase : Gladstone Capital Corporation

Added 90 shares of Gladstone Capital Corporation (NSQ:GLAD) at $9.30 per share. I now hold 238 shares of Gladstone Capital Corporation.

 

Triton International to be Acquired by Brookfield Infrastructure

Triton International Limited (NYSE: TRTN)  ("Triton" or the "Company") and Brookfield Infrastructure Partners L.P. ("BIP") (NYSE: BIP, TSX: BIP.UN), through its subsidiary Brookfield Infrastructure Corporation ("BIPC") and its institutional partners (collectively, "Brookfield Infrastructure"), jointly announce a definitive agreement for Triton to be acquired in a cash and stock transaction valuing the Company's common equity at approximately $4.7 billion and reflecting a total enterprise value of approximately $13.3 billion.

"We believe this transaction provides an excellent outcome for all of Triton's stakeholders," commented Brian M. Sondey, Chief Executive Officer of Triton. "The sale price provides significant value to our investors and represents a 35% premium to yesterday's closing share price. For our long-term shareholders, this transaction crystalizes a total shareholder return of approximately 700% since the 2016 merger of Triton and TAL International. For our customers and employees, Brookfield Infrastructure's significant resources and long-term investment horizon will support Triton's franchise, underpin our commitment to providing unrivaled service, and support continued investment in our growing business."

 Transaction Consideration

The total consideration of $85.00 per Triton common share ("Triton Share") will consist of $68.50 in cash and $16.50 in BIPC class A exchangeable shares ("BIPC Shares") (NYSE: BIPC, TSX: BIPC). At closing, BIP's equity investment is expected to be approximately $1 billion, inclusive of the BIPC shares.

Approvals and Timing

The transaction is expected to close in the fourth quarter of 2023, subject to customary closing conditions, including approval by Triton's shareholders and receipt of required regulatory approvals. The transaction has been unanimously approved and recommended by the Board of Directors of Triton. The transaction has also received all required approvals from Brookfield Infrastructure, is not subject to a financing condition, and is not subject to approval from BIPC shareholders.

Prior to closing, Triton intends to maintain its current quarterly dividend on the Triton common shares. Upon the closing of the transaction, Triton's common shares will be delisted from the New York Stock Exchange. Triton's Series A-E cumulative redeemable perpetual preference shares will remain outstanding.

 

Triton has been my best investment so far, so it is sad to see it go but hey...quite a nice profit coming

Gladstone Investment Company to pay supplemental dividend in June

Gladstone Investment Corporation (NASDAQ:GAIN) (the "Company") announced today that its board of directors declared the following monthly cash distributions to common stockholders.

The Company will also pay a supplemental distribution of $0.12 per share to holders of its common stock in June 2023. The board of directors will continue to evaluate the amount and timing of any future supplemental distributions in future periods.

Common Stock: $0.08 per share of common stock for each of April, May, and June 2023, and a supplemental distribution of $0.12 per share of common stock in June 2023, payable per the table below.

Record Date	Payment Date	Cash Distribution
April 21	April 28	$ 0.08
May 23	May 31	$ 0.08
June 5	June 15	$ 0.12*
June 21	June 30	$ 0.08
Total for the Quarter:		$ 0.36

*Denotes supplemental distribution to common stockholders

 

 

Dividend increase #17 of 2023 : Gladstone Capital Corporation

Gladstone Capital Corporation (Nasdaq:GLAD) (the "Company") announced today that its board of directors declared the following monthly common stock cash distributions for April, May and June 2023 and also announced its plan to report earnings for its second fiscal quarter ended March 31, 2023. The distribution amount noted below represents a 6.7% increase in the monthly distribution run rate (from $0.075 in January 2023 to $0.08, starting in April 2023).

Cash Distributions:

Common Stock: $0.08 per share of common stock for each of April, May and June 2023, payable per the table below.

	Record Date	Payment Date	Cash Distribution
	April 21	April 28	$0.08
	May 23	May 31	$0.08
	June 21	June 30	$0.08
Total for the Quarter:			$0.24

Fortum & UPM to move to bi-annual dividend payments

Both Fortum Oyj (FORTUM.HE) and UPM Oyj (UPM.HE) are moving to bi-annual dividend payments this year. 

• 
  Fortum will pay dividends in April and October
• UPM will pay dividends in April and November

Good to get more spread into dividend payments. 

Summary : Q1 / 2023

  During Q1 / 2023 this portfolio collected following dividends

• Jan: 670.21€     (2022: 552.45€ 2021: 342.41€  2020: 379.96€) 
• Feb: 444.16€     (2022: 467.06€ 2021: 274.73€  2020: 386.82€)
• Mar: 790.81€    (2022: 576.42€ 2021: 442.21€  2020: 350.01€)

Total of  1905.18€       (2022: 1595.93€ 2021: 1059.35€  2020: 1116.79€)

Quarterly target was 1800€ which was achieved. Great work.

 

Status update : March 2023

 Dividends received in March

- 26.33 from Canadian Utilities
- 30.64 from Enbridge Inc.
- 21.85 from Fortis Inc
- 18.47 from Southern Company
- 22.15 from Amgen Inc.
- 23.36 from AGNC Investment
- 7.28 from Emerson Electric
- 126.00 from Stora Enso
- 16.29 from Realty Income
- 39.67 from Pembina Pipeline
- 9.45 from EPR Properties
- 35.85 from Main Street
- 24.48 from Flowers Foods
- 13.42 from Kontoor Brands
- 14.87 from Prospect Capital
- 12.53 from VF Corporation
- 24.33 from Dominion Energy
- 13.16 from LTC Properties
- 12.37 from Orchid Island
- 69.49 from Ares Capital
- 62.45 from Triton International
- 22.50 from Capman Oyj
- 77.56 from Gladstone Investment_Corp
- 44.55 from SFL Corporation
- 11.61 from Gladstone Commercial_Corp
- 10.15 from Gladstone Capital_Corp

This makes a total of 790.81 in dividends received from 26 companies. Previous year I received 576.42 in March. This is a 37.19% change in dividends

 

Progress update : March 2023

Quote	2020	2021	2022	2023	1y chg	2y chg	3y chg
Canadian Utilities	-	12.02	26.50	26.33	-0.64%	119.0%
Enbridge Inc.	27.27	27.42	30.48	30.64	0.52%	11.74%	12.36%
Fortis Inc	-	3.61	10.89	21.85	100.6%	505.2%
Southern Company	15.74	15.61	17.54	18.47	5.30%	18.32%	17.34%
Amgen Inc.	-	-	-	22.15
Nordea	-	25.76	-	-
AGNC Investment	12.77	11.78	22.56	23.36	3.55%	98.30%	82.93%
Emerson Electric	6.62	6.34	7.04	7.28	3.41%	14.83%	9.97%
Stora Enso	-	63.00	115.50	126.00	9.09%	100.0%
Realty Income	7.88	10.42	11.88	16.29	37.12%	56.33%	106.7%
Pembina Pipeline	-	-	13.47	39.67	194.5%
EPR Properties	12.39	-	8.38	9.45	12.77%	%
Main Street	15.73	14.78	22.59	35.85	58.70%	142.5%	127.9%
Flowers Foods	-	-	-	24.48
Lazard Ltd	-	15.51	-	-
Vermilion Energy	9.58	-	-	-
Kontoor Brands	10.47	6.72	8.32	13.42	61.30%	99.70%	28.18%
Prospect Capital	12.24	11.07	14.70	14.87	1.16%	34.33%	21.49%
VF Corporation	15.70	14.42	20.46	12.53	-38.7%	-13.1%	-20.1%
Dominion Energy	31.37	20.61	23.49	24.33	3.58%	18.05%	-22.4%
Chatham Lodging_Trust	16.12	-	-	-
LTC Properties	12.98	12.14	12.89	13.16	2.09%	8.40%	1.39%
Crestwood Equity	-	31.69	-	-
Orchid Island	-	23.10	20.95	12.37	-40.9%	-46.4%
Ares Capital	32.68	43.91	63.87	69.49	8.80%	58.26%	112.6%
Triton International	45.08	46.43	56.96	62.45	9.64%	34.50%	38.53%
Capman Oyj	-	-	20.00	22.50	12.50%
Gladstone Investment_Corp	-	-	11.38	77.56	581.5%
SFL Corporation	65.39	25.87	36.57	44.55	21.82%	72.21%	-31.8%
Gladstone Commercial_Corp	-	-	-	11.61
Gladstone Capital_Corp	-	-	-	10.15
Total	350.01	442.21	576.42	790.81	37.19%	78.83%	125.9%

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