To The Moon

Ex-dividend this week:UnitedHealth Group $UnitedHealth(UNH)$ Meta Platforms $Meta Platforms, Inc.(META)$ Alphabet $Alphabet(GOOG)$ $Alphabet(GOOGL)$ Nvidia $NVIDIA(NVDA)$ Home Depot $Home Depot(HD)$ ImageUnitedHealth Group $UnitedHealth(UNH)$ and Alphabet $Alphabet(GOOG)$ $Alphabet(GOOGL)$ will both pay dividend on MAR10, their current yield are 1.7% and 0.5%, respectively.Nvidia

$Qualcomm(QCOM)$ April should see a dividend increase announcementLast year 6% increasePast 4 years 4% CAGRInteresting to see the approach double digit increase? - and signal confidence on FCFor keep ~7% increase and buyback shares more aggressively vs previous yearsImageQCOM has ramped-up buybacks using this FCF improvement1Q´25 saw more than doubling of buybacks vs 1Q the year prior and the average per quarter over the past 4 yearsThe company has an open buyback authorization of $14.3 B (~8% of current mkt cap. $178 B)ImageQCOM FCF / shareFY24 delivered » record FCF/share +14% YoY » record Operating Cash flow +8% YoY » Capex reduction -28% YoY » FCF +14% YoY » Shares ~flat1Q´25 FCF kept improving +58% YoY Image

Ex-dividend this week: $Lam Research(LRCX)$ Lam Research $Pepsi(PEP)$ PepsiCo $Nike(NKE)$ Nike $McDonald's(MCD)$ McDonald's $Qualcomm(QCOM)$ QualcommImage $McDonald's(MCD)$ McDonald's and $Nike(NKE)$ Nike will both pay dividend on MAR3, their current yield are 2.3% and 2%, respectively.$Lam Research(LRCX)$ Lam Research will pay dividend on MAR5, and its current yield is 1.2%. $Qualcomm(QCOM)$ Qualcomm will pay

Ex-dividend this weekKLA $KLA-Tencor(KLAC)$ Moody's $Moody's(MCO)$ S&P Global $S&P Global(SPGI)$ Microchip Technology $Microchip Technology(MCHP)$ Skyworks Solutions $Skyworks Solutions(SWKS)$ ImageKLA $KLA-Tencor(KLAC)$ Microchip Technology $Microchip Technology(MCHP)$ and Skyworks Solutions $Skyworks Solutions(SWKS)$ will pay dividend on FEB24, their current yield are 0.9%, 3% and 4.2%.Moody's $Moody's(MCO

Ex-dividend this weekApplied Materials $Applied Materials(AMAT)$ Aflac $Aflac(AFL)$ Microsoft $Microsoft(MSFT)$ Johnson & Johnson $Johnson & Johnson(JNJ)$ ImageJohnson & Johnson $Johnson & Johnson(JNJ)$ will pay dividend on FEB18, and its current yield is 3.2%.Aflac $Aflac(AFL)$ will pay dividend on FEB19, and its current yield is 2.2%.Applied Materials $Applied Materials(AMAT)$ and Microsoft $Microsoft(MSFT)$ will both pay dividend on FEB2

Ex-dividend this week $Apple(AAPL)$ $ASML Holding NV(ASML)$ $Visa(V)$ $Starbucks(SBUX)$ $MSCI Inc(MSCI)$ Image $Apple(AAPL)$ and $ASML Holding NV(ASML)$ will pay dividend on FEB10, their current yield are 0.4% and 0.9%, respectively. $Visa(V)$ will pay dividend on FEB11, and its current yield is 0.7%. $Starbucks(SBUX)$ and $MSCI Inc(MSCI)$ will both pay dividend on FEB14,

$ASML Holding NV(ASML)$ FCF/share since FY19FY24 YoYFCF/share +174%Dividend/share +5% Dividend payout: ~27% of FCF (down from 71% last year)Buybacks $0.5 B (5% of FCF)ImageASML Cash Flow improvement was mostly from from Changes in assets and liabilities.Last year the company was extending payment terms to customers reducing operating cash flow (see snapshot from FY23 annual report), FY24 likely the reverseImageASML dividends as paid Meanwhile the company has announced:February interim dividend at €1.52 (payable 19Feb)May final dividend proposed at €1.84 (+5% vs FY23)ImageASML net bookingsMarket was excited about 4Q bookings but FY24 is the lowest year since FY20 Image

$Texas Instruments(TXN)$ goes ex-dividend JAN31, and current yield is 2.9%. ImageTXN FY24 Cash FlowOperating Cash flow -2%Capex -5%Free Cash Flow +11%Second year in a row not covering dividendsImageFCF/share +11% YoY for FY24Driven by Capex reductionImageTXN presentation from last year - FCF/share and Capex impactCapex "scalability" as of 2026 - spent Revenue dependentImageTXN 4Q at high end of guidance4Q YoYRevenue -2% (-3% QoQ)Net income -12%Dil. EPS -13%FY24OCF -2%FCF +11% (lower Capex)1Q’25 guidanceRevenue $3.91B at mid point -2% QoQ ; -+7% YoY

Ex-dividend this weekProcter & Gamble $Procter & Gamble(PG)$ Caterpillar $Caterpillar(CAT)$ Lowe's $Lowe's(LOW)$ ImageCaterpillar $Caterpillar(CAT)$ will pay dividend on JAN21, and its current yield is 1.5%.Lowe's $Lowe's(LOW)$ will pay dividend on JAN22, and its current yield is 1.8%. Procter & Gamble $Procter & Gamble(PG)$ will pay dividend on JAN24, and its current yield is 2.5%.

Ex-dividend this weekAbbvie $AbbVie(ABBV)$ Abbott Laboratories $Abbott Laboratories(ABT)$ ImageAbbvie $AbbVie(ABBV)$ Abbott Laboratories $Abbott Laboratories(ABT)$ will both pay dividend on JAN15, their current yield are 3.7% and 2.1%, respectively.