Dividend decrease #10 of 2023 : V.F. Corp.

V.F. Corp (NYSE:VFC) declares $0.09/share quarterly dividend, -70% decrease from prior dividend of $0.30. Forward yield 2.1%, Payable Dec. 20; for shareholders of record Dec. 11; ex-div Dec. 8. This is the second dividend cut this year. Very poor performance from V.F. Corp.

Dividend increase #41 of 2023 : Kontoor Brands Inc.

Kontoor Brands, Inc. (NYSE: KTB), a global lifestyle apparel company, with a portfolio led by two of the world’s most iconic consumer brands, Wrangler^® and Lee^®, today announced that its Board of Directors has declared a regular quarterly cash dividend of $0.50 per share of its common stock, an increase of $0.02 or 4 percent. The cash dividend will be payable on December 18, 2023, to shareholders of record at the close of business on December 8, 2023. 

 

Dividend increase #40 of 2023 : AbbVie Inc.

AbbVie Inc. board declared an increase in the company's quarterly cash dividend from $1.48 per share to $1.55 per share beginning with the dividend payable on February 15, 2024 to shareholders of record as of January 16, 2024. This reflects an increase of approximately 4.7 percent.

 

 

New purchase : Whitecap Resources Inc.

Started new position in portfolio by purchasing 120 shares of Whitecap Resources Inc. (TSE:WCP). Whitecap Resources Inc. pays dividends on a monthly basis and my starting yield on cost is around 6.58%

Whitecap Resources Inc. is a Canada-based oil and gas company. The Company is engaged in the business of acquiring, developing, and holding interests in petroleum and natural gas properties and assets. The Company’s operations include Northern Alberta and British Columbia, Central Alberta, and Saskatchewan. Its Northern Alberta and British Columbia business unit is comprised of two Regions: Smoky River and Peace River. Its Central Alberta business unit is comprised of two Regional Assets: Southwest Alberta and West Central Alberta. Its Saskatchewan Business Unit is comprised of four Regional Assets: West Central Saskatchewan, Southwest Saskatchewan, Southeast Saskatchewan, and Weyburn EOR. The Company’s subsidiaries are Whitecap Energy Canada ULC and Whitecap Energy Canada.

Summary Q3 / 2023

 During Q3 / 2023 this portfolio collected following dividends

• Jul:   631.29€       (2022: 670.27€ 2021: 417.41€  2020: 298.04€)
• Aug: 543.88€       (2022: 536.10€ 2021: 401.32€  2020: 309.86€)
• Sep:  740.81€       (2022: 604.96€ 2021: 380.81€  2020: 299.60€)

Total of  1915.98€           (2022: 1811.33€ 2021: 1199.54€  2020: 907.50€  2019: 1042.90€)

Quarterly target was 1800€ which was passed fine.

New purchase : Emera Inc.

Added 20 shares of Emera Inc. (TSE:EMA) at CAD 45.78 per share. I now hold 101 shares of Emera Inc.

New purchase : Lowe's Inc.

Added 4 shares of Lowe's Inc (NYSE:LOW) at $193.18 per share. I now hold 12 shares of Lowe's Inc.

New sale : Orchid Island Inc.

Sold my Orchid Island Inc (NSQ:ORC) position. ORC announced another dividend cut and that was it. Time to get rid of this sinking boat.

Gladstone Investment Corp. announces supplemental dividend for November

Gladstone Investment Corporation (Nasdaq:GAIN) announced today that its board of directors declared the following monthly cash distributions to common stockholders. The Company also announced its plan to report earnings for its second fiscal quarter ended September 30, 2023.

Common Stock: $0.08 per share of common stock for each of October, November and December 2023, and a supplemental distribution of $0.12 per share of common stock in November 2023 all payable per the table below.

Record Date		Payment Date		Cash Distribution
October 20		October 31		$0.08
November 7		November 17		$0.12*
November 20		November 30		$0.08
December 18		December 29		$0.08
Total for the Quarter:				$0.36

*Denotes supplemental distribution to common stockholders

 

Dividend increase #39 of 2023 : Emera Inc.

Emera Inc. (TSX:EMA) declared a dividend of CAD 0.7175 per share. This is a 4% increase of the dividend of previous quarter.

Dividend decrease #9 of 2023 : Orchid Island

Another dividend cut from Orchid Island (NYSE:ORC). Orchid Island declared a dividend of $0.12 for October. This is a -25% cut from the previous dividend of $0.16 per month. Maybe it is time to get rid of this disappointing stock again. And this time for good.

W.P. Carey spin-off information

W. P. Carey Inc. (W. P. Carey, NYSE: WPC) today announced that the Registration Statement on Form 10 associated with the previously announced plan to spin off 59 office properties (the "Spin-Off"), filed under the newly created company Net Lease Office Properties ("NLOP"), that will be a separate, publicly-traded real estate investment trust, was declared effective on October 6, 2023. W. P. Carey has declared October 19, 2023 as the record date for the Spin-Off and November 1, 2023 as the distribution date for the Spin-Off.

The dates set forth above may be delayed subject to satisfaction or waiver of the conditions to the Spin-Off. The Spin-Off will be accomplished via a pro rata dividend of one NLOP common share for every 15 shares of W. P. Carey common stock outstanding as of the record date for the Spin-Off. W. P. Carey stockholders will receive cash in lieu of fractional shares in the Spin-Off. No action is required by W. P. Carey stockholders in order to receive common shares of NLOP in the Spin-Off.

 Since I own  58 shares of WPC, I will be receiving 3 shares of NLOP and some cash.

New purchase : T. Rowe Price Group Inc.

New position started in portfolio by purchasing 15 shares of T. Rowe Price Group Inc. (NYSE:TROW).

T. Rowe Price Group, Inc. is an asset management company, which provides global investment management services through its subsidiaries to investors. It provides a range of United States mutual funds, sub advised funds, separately managed accounts, collective investment trusts and other products. It also provides investment advisory clients with related administrative services, including distribution, mutual fund transfer agent, accounting and shareholder services; participant recordkeeping and transfer agent services for defined contribution retirement plans; brokerage; trust services, and non-discretionary advisory services through model delivery. It offers retirement income planning software to create a comprehensive suite of retirement income solutions for investors and practitioner tools for financial professionals. It also provides tax-aware income planning software, which provides a personalized income strategy. It serves clients in approximately 55 countries across the world.

 

New purchase : Realty Income Corporation

Added 25 shares of Realty Income Corporation (NYSE:O) at $50.19 per share. I now hold 93 shares of Realty Income Corporation.

New purchase : Bank of Montreal

Added 20 shares of Bank of Montreal (TSE:BMO) at CAD 109.94 per share. I now hold 40 shares of Bank of Montreal

 

New purchase : Royal Bank of Canada

Added 15 shares of Royal Bank of Canada (NYSE:RY) at $83.72 per share. I now hold 51 shares of Royal Bank of Canada

New purchase : Bank of Nova Scotia

Added 20 shares of Bank of Nova Scotia (NYSE:BNS) at $43.24. I now hold 59 share of Bank of Nova Scotia

New sale : Triton International

Triton International acquirement went through finally. I had selected "take the money" option and sold my 96 TRTN shares at $85.00 per share.

New purchase : Kesko Oyj

Started new position in portfolio by purchasing 40 shares of Kesko Oyj (HEL:KESKOB). 

Kesko Oyj is a Finland-based provider of services to the trading sector. The Company operates four divisions. The Food Trade division manages the K-food store chains, such as K-Citymarket, K-Supermarket, K-Market, K-Pyoka and K-Extra, as well as Pirkka and Kespro brands. The Home and Specialty Goods Trade division provides customers with products and services related to clothing, home, sports, leisure, home technology, entertainment, interior decoration and furniture. The Building and Home Improvement Trade operates the K-Rauta, Rautia, K-Maatalous, Byggmakker, Rautakesko, Senukai and OMA retail chains. The Car and Machinery Trade division consists of VV-Auto, which imports and markets cars, such as Volkswagen, Audi and Seat, and Konekesko, which specializes in the import and sale of construction, materials handling, environmental and agricultural machinery, trucks and buses, as well as recreational machinery.

 

Sampo Oyj spinned-off Mandatum Oyj

Sampo Oyj (HEL:SAMPO) spinned-off Mandatum Oyj (HEL:MANTA). I received 41 shares of Mandatum Oyj. 

Status Report : September 2023

 Dividends received in September

- 25.95 from Canadian Utilities
- 30.22 from Enbridge Inc.
- 21.53 from Fortis Inc
- 9.10 from Sanoma Oyj
- 18.95 from Southern Company
- 27.74 from Amgen Inc.
- 22.95 from AGNC Investment
- 7.27 from Emerson Electric
- 16.29 from Realty Income
- 42.02 from Pembina Pipeline
- 9.51 from EPR Properties
- 45.83 from Main Street
- 38.48 from Flowers Foods
- 13.48 from Kontoor Brands
- 15.21 from Prospect Capital
- 14.09 from VF Corporation
- 24.28 from Dominion Energy
- 13.46 from LTC Properties
- 12.68 from Orchid Island
- 71.57 from Ares Capital
- 63.13 from Triton International
- 20.00 from Capman Oyj
- 30.14 from Saratoga Investment
- 57.93 from Gladstone Investment_Corp
- 45.93 from SFL Corporation
- 11.95 from Gladstone Commercial_Corp
- 31.12 from Gladstone Capital_Corp

This makes a total of 740.81 in dividends received from 27 companies. Previous year I received 604.99 in September. This is a 22.45% change in dividends

Progress report : September 2023

Quote	2020	2021	2022	2023	1y chg	2y chg	3y chg
Canadian Natural_Resources	-	-	60.10	-
Canadian Utilities	6.96	20.61	28.54	25.95	-9.07%	25.91%	272.8%
Enbridge Inc.	26.10	27.98	32.95	30.22	-8.29%	8.01%	15.79%
Fortis Inc	-	9.81	16.98	21.53	26.80%	119.4%
Sanoma Oyj	-	-	-	9.10
Southern Company	15.76	16.16	19.92	18.95	-4.87%	17.26%	20.24%
Amgen Inc.	-	-	11.61	27.74	138.9%
Huhtamaki Oyj	13.35	-	-	-
AGNC Investment	9.20	18.00	24.17	22.95	-5.05%	27.50%	149.4%
Emerson Electric	6.33	6.43	7.58	7.27	-4.09%	13.06%	14.85%
Realty Income	7.48	10.59	13.14	16.29	23.97%	53.82%	117.7%
Pembina Pipeline	-	9.35	14.35	42.02	192.8%	349.4%
EPR Properties	-	7.81	10.18	9.51	-6.58%	21.77%
Main Street	14.87	14.95	27.52	45.83	66.53%	206.5%	208.2%
Flowers Foods	-	-	10.10	38.48	280.9%
Kontoor Brands	-	6.82	9.17	13.48	47.00%	97.65%
Prospect Capital	11.13	11.25	16.46	15.21	-7.59%	35.20%	36.66%
VF Corporation	14.32	14.62	22.71	14.09	-37.9%	-3.63%	-1.61%
Dominion Energy	30.83	20.90	25.86	24.28	-6.11%	16.17%	-21.2%
LTC Properties	12.14	12.30	14.52	13.46	-7.30%	9.43%	10.87%
Orchid Island	4.45	23.26	13.44	12.68	-5.65%	-45.4%	184.9%
Ares Capital	40.80	55.70	73.76	71.57	-2.97%	28.49%	75.42%
Triton International	42.74	46.62	63.79	63.13	-1.03%	35.41%	47.71%
Capman Oyj	-	17.50	17.50	20.00	14.29%	14.29%
Saratoga Investment	-	-	-	30.14
Gladstone Investment_Corp	-	4.86	19.98	57.93	189.9%	1091.%
SFL Corporation	43.13	25.29	47.48	45.93	-3.26%	81.61%	6.49%
Gladstone Commercial_Corp	-	-	3.18	11.95	275.7%
Gladstone Capital_Corp	-	-	-	31.12
Total	299.60	380.81	604.99	740.81	22.45%	94.54%	147.2%