15 May, 2021

The Yield – Week ending May 14, 2021 Ep. 4

This image has an empty alt attribute; its file name is cropped-Chasing-the-Yield-Sign-Logo-1400.pngThe Yield

In addition to news and dividend information, on this episode, I cover my Low Yield portfolio.

It was a volatile week with the markets ending on an up note. All the markets were down overall for the week. Much of the downturn seemed related to the news cycle where inflation was rearing its ugly head and the gas pipeline operation stoppage. This week was another fine example of why I don’t buy for stock price but for dividend yield.

Johnson & Johnson (JNJ): Norway should exclude the COVID-19 vaccines made by AstraZeneca and Johnson & Johnson from its inoculation programme due to a risk of rare but harmful side-effects, a government-appointed commission said on Monday. However, those who volunteer to take either vaccine should be allowed to do so, it said, stressing the importance of dispelling any vaccine hesitancy. https://www.reuters.com/world/europe/norway-should-exclude-jj-astrazeneca-covid-vaccination-scheme-says-commission-2021-05-10/

Germany is lifting the prioritisation for giving Johnson & Johnson’s COVID-19 vaccine, Health Minister Jens Spahn said on Monday, adding that any adult who wants it will be able to receive the shot on a doctor’s advice. https://finance.yahoo.com/news/germany-lift-prioritisation-j-j-080939495.html

The U.S. Centers for Disease Control and Prevention said on Wednesday it had found more cases of potentially life-threatening blood clotting among people who received the Johnson & Johnson COVID-19 vaccine and sees a “plausible causal association.” The CDC said in a presentation the agency has now identified 28 cases of thrombosis with thrombocytopenia syndrome (TTS) among the more than 8.7 million people who had received the J&J vaccine. https://www.msn.com/en-us/health/medical/update-2-us-cdc-finds-more-clotting-cases-after-j-j-vaccine-sees-causal-link/ar-BB1gF6tE

Friday J&J announced the World Health Organization (WHO) and the government of Sierra Leone have begun administering the Company’s Ebola vaccine regimen as part of a WHO early access clinical program aimed at preventing further spread of Ebola in West Africa. The vaccine regimen, developed by the Janssen Pharmaceutical Companies of Johnson & Johnson (Janssen) in collaboration with Bavarian Nordic A/S, is being donated to the WHO by Janssen for the purposes of the early access clinical program. Johnson & Johnson also announced that its Ebola vaccine regimen has received Prequalification from the WHO, which will help accelerate its registration in countries where Ebola is a persistent public health threat and facilitate broader access to people at risk of exposure to this virus. https://www.jnj.com/johnson-johnson-joins-world-health-organization-in-efforts-to-prevent-spread-of-ebola-in-west-africa

Other vaccine news: In interviews with Reuters, more than a dozen influential infectious disease and vaccine development experts said there is growing evidence that a first round of global vaccinations may offer enduring protection against the coronavirus and its most worrisome variants discovered to date. “We don’t see the data yet that would inform a decision about whether or not booster doses are needed,” said Kate O’Brien, director of the Department of Immunization, Vaccines and Biologicals at the World Health Organization (WHO). O’Brien said the WHO is forming a panel of experts to assess all variant and vaccine efficacy data and recommend changes to vaccination programs as needed. https://finance.yahoo.com/news/top-scientists-covid-19-booster-100317523.html

ADM (ADM): ADM today announced its plan to build North Dakota’s first-ever dedicated soybean crushing plant and refinery to meet fast-growing demand from food, feed, industrial and biofuel customers, including producers of renewable diesel. Based in Spiritwood, ND, the approximately $350 million crush and refining complex will feature state-of-the-art automation technology and have the capacity to process 150,000 bushels of soybeans per day. Strategically located in a major soybean producing area, ADM’s global logistics network will enable the facility to access both domestic and global markets for soybean oil and meal. The facility is expected to be complete prior to the 2023 harvest. https://finance.yahoo.com/news/adm-build-soy-crushing-facility-143900192.html

Matthews International Corporation (MATW): Matthews International Corp. announced that the Company has acquired the assets of Terrella Energy Systems, Ltd. (“Terrella”), a supplier of technology solutions to the global hydrogen fuel cell industry. Terrella is now part of Matthews’ Saueressig Engineering business. Based in Vancouver, British Columbia (Canada), Terrella, founded in 2012, is a leader in the design and manufacture of bipolar graphite plates for hydrogen fuel cell power systems. This strategic acquisition will expand Matthews’ portfolio of advanced technology and manufacturing capabilities to serve the rapidly growing renewable energy market in support of energy storage, automotive and other industries. Included with this acquisition is Terrella’s bipolar plate production facility in Phoenix, Arizona. https://finance.yahoo.com/news/matthews-international-announces-acquisition-terrella-145100348.html

Franklin Resources, Inc. (BEN): Reported preliminary month-end assets under management of $1,529.3 billion at April 30, 2021, compared to $1,498.9 billion at March 31, 2021. https://ca.finance.yahoo.com/news/franklin-resources-inc-announces-month-220500952.html

Microsoft ( MSFT ): Microsoft stock is getting a boost on Thursday from Rosenblatt Securities analyst John McPeake, who picked up coverage of the software giant with a Buy rating. The analyst’s $301 target price implies a potential gain of nearly 25%. McPeake views Microsoft as a company with unmatched assets — over a billion devices running the company’s software, the world’s largest developer ecosystem and huge revenue that increasingly comes from recurring sources. https://www.barrons.com/articles/microsoft-stock-could-have-50-upside-heres-why-51620930446

Portfolio Updates

Low
Yield
Medium
Yield
High
Yield
Week+0.06%+0.20%+.02%
Month+3.24%+3.33%+0.75%
  • ADM (ADM) announced its next dividend of $0.37 per share, in line with the company’s previous payout.
  • C.H. Robinson (CHRW) announced its next dividend of $0.51 per share, in line with the company’s previous payout.
  • Owl Rock (ORCC) announced its next dividend of $0.31 per share, in line with the company’s previous payout.
  • Eastman (EMN) announced its next dividend of $0.69 per share, in line with the company’s previous payout.
  • Eversource (ES) announced its next dividend of $0.6025 per share, in line with the company’s previous payout.
  • Oasis (OMP) announced its next dividend of $0.55 per share, a 1.9% increase over the company’s previous payout of $0.54.
  • Illinois Tool Works (ITW) announced its next dividend of $1.14 per share, in line with the company’s previous payout.
  • T. Rowe (TROW) announced its next dividend of $1.08 per share, in line with the company’s previous payout.
  • Icahn Enterprises L.P. (IEP) announced its next dividend of $2.00 per share, in line with the company’s previous payout.
  • FS KKR Capital Corp. (FSK) announced its next dividend of $0.60 per share, in line with the company’s previous payout.
  • Prudential (PRU) announced its next dividend of $1.15 per share, in line with the company’s previous payout.
  • 3M (MMM) announced its next dividend of $1.48 per share, in line with the company’s previous payout.
Image by Mediamodifier from Pixabay
Image by Alessandro D'Andrea from Pixabay
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About : Kevin Bae

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