Tuesday, November 5, 2024

Dividend Stocks November 2024

First, I want to point out that not all the stocks I follow are great investments. I follow a diverse selection of stocks. There are some that I would never invest in personally.

I follow several resource stocks even though I personally have little invested in this area. I follow what I find interesting and with resource stocks, I think it is important for Canadians to know what is happening in the resource area. On the other hand, I do follow of good number of great dividend growth stocks. You might want to get the free weekly newsletter from Canadian Stock Channel which says what might be the best Canadian Dividend Stocks to buy at the present time.

The theory is that you should use the dividend yield to see if a dividend stock is selling at a stock price that is relatively cheap. A stock price is considered cheap if it is selling at a dividend yield higher than the historical high yield or higher than the historical average yield or historical median yield. Some use the 10 year average or median yield rather than the historical ones. I use median yields, always. See my spreadsheet at dividend growth stocks that I just updated for November 2024. On this list,
  • I have 12 stocks with a dividend yield higher than the historical high dividend yield,
  • I have 75 stocks with a dividend yield higher than the historical median dividend yield
  • I have 8 stocks with a dividend yield higher than the 10 year high dividend yield and
  • 75 stocks with a dividend yield higher than the 10 year average dividend yield.
When I did my list last list in October 2024,
  • I have 11 stocks with a dividend yield higher than the historical high dividend yield,
  • I have 78 stocks with a dividend yield higher than the historical median dividend yield
  • I have 6 stocks with a dividend yield higher than the 10 year high dividend yield and
  • 80 stocks with a dividend yield higher than the 10 year average dividend yield.
When I did my list in January 2014,
  • I had 9 stocks with a dividend yield higher than the historical high dividend yield,
  • I had 45 stocks with a dividend yield higher than the historical average dividend yield and
  • 39 stocks with a dividend yield higher than the 5 year median dividend yield.
If you had one share of each stock, total dividends last month would be $219.85. This month dividends would be $219.67. It can vary as because some stocks are paid in US$ and so this figure is affected by currency exchange. Of the stock that I follow 6 stocks has raised their dividends since last month. If I did an index based on stock price, the index for last month would be 773.25 and this month 828.68. Note one stock was bought out. See below.

Bird Construction Inc (TSX-BDT, OTC-BIRDF)
Canadian Natural Resources (TSX-CNQ, NYSE-CNQ)
Cogeco Communications Inc (TSX-CCA, OTC-CGEAF)
Emera Inc (TSX-EMA, OTC-EMRAF)
TFI International Inc (TSX-TFII, NYSE-TFII)
Waste Connections Inc (TSX-WCN, NYSE-WCN)

Of the stocks I follow, 1 stock has cut their dividends.

Goodfellow Inc (TSX-GDL, OTC-GFELF)

Of the stocks I follow, 0 stock have suspended or terminated their dividend.

I have removed Sleep Country Canada Holdings Inc (TSX-ZZZ, OTC-SCCAF) from my list because it was bought out by Fairfax Financial September 25, 2024. See the announcement.

Of the stocks I follow, the following declined the most in their stock price. Of the stocks I follow, 51.95% had declining stock prices. Last month 28.39% of the stock had declining prices.

Name Exch Sym Exch Sym Chge SP
WildBrain Ltd TSX WILD OTC WLDBF -17.69%
Veren Inc TSX VRN NYSE VRN -16.49%
BRP Inc TSX DOO NASDAQ DOOO -15.42%
Innergex Renewable TSX INE OTC INGXF -15.21%
Superior Plus Corp TSX SPB OTC SUUIF -13.18%
Northland Power Inc TSX NPI OTC NPIFF -11.55%
Linamar Corporation TSX LNR OTC LIMAF -11.35%
HLS Therapeutics Inc TSX HLS OTC HLTRF -11.20%
Algonquin Power TSX AQN NYSE AQN -10.99%
Allied Properties REIT TSX AP.UN OTC APYRF -10.51%

Of the stock that I follow, these stocks gained the most in their stock price. Of the stock I follow, 46.10% had increasing stock price. And, 1.95% or 3 stock had the same stock price as last month. Last month 69.68% of the stocks had increasing prices with 1.94% or 3 stocks of the stocks with the same price.

Name Exch Sym Exch Sym Chge SP
GFL Environmental Inc TSX GFL NYSE GFL 9.32%
RB Global Inc TSX RBA NYSE RBA 9.47%
Ensign Energy Services TSX ESI OTC ESVIF 10.23%
Capital Power Corp. TSX CPX OTC CPRHF 10.93%
AGF Management Ltd TSX AGF.B OTC AGFMF 18.75%
CI Financial TSX CIX OTC CIXXF 24.71%
AtkinsRéalis TSX ATRL OTC SNCAF 25.71%
Bird Construction Inc TSX BDT OTC BIRDF 30.27%
Aecon Group Inc TSX ARE OTC AEGXF 32.39%
McCoy Global Inc TSX MCB OTC MCCRF 50.42%

Most of my stocks started out as Dividend Payers. Currently 13 stocks are not paying any dividends and this would be some 8.39% of the stocks that I follow. Three of these stocks never had dividends, so 6.45% of the stocks I follow have suspended or do not pay a dividend. The three stocks that never paid dividends are Ballard Power Systems Inc. (TSX-BLD, NASDAQ-BLDP), Blackberry Ltd. (TSX-BB, NASDAQ-BBRY) and Trigon Metals Inc. (TSX-TM, OTC-PNTZF).

I am showing whether a stock is relatively cheap based on historical high dividend yields (P/Hi), historical average dividend yields (P/Ave), historical median dividend yields (P/Med) or on 10 year median dividend yields (P/10Y). See these fields on the right side of the file. You can highlight a particular stock using your cursor to highlight the appropriate line.

There are always some stocks to buy because they are priced reasonably. There are always stocks to currently avoid because they are overpriced. Looking at dividend growth stocks that are selling at stock prices that give them a dividend yield above the historical median dividend yield are probably the best bet.

The stocks that are selling at prices that give them a dividend yield above the historical high yield could be good stocks to buy. However, these stocks may be selling so cheap because of current troubles, especially financial troubles and should be treated with caution. Do not forget that I have all the stocks I follow on this spreadsheet and some are much better investments than others.

You should always investigate a stock before you buy. Sometimes different stocks in certain sectors are just out of favour or the stock market is just in one of its declines. However, a stock may be relatively cheap because it has problems. That is why you should always investigate a stock before buying.

Looking at stock this way is equivalent to a stock filter. A main problem I know of is for the old income trusts. These companies have generally lowered their dividend yields forever and they will probably never get back to the old dividend yield highs they made as an income trust company. For these stocks, you might be better comparing the current dividend yield to the 5 year median dividend yield. I also started a column called VT (for Valid Test) and this applies to checking stock price using dividend yield. If it is not a valid test, I use N to show this.

Also, on some stocks I have a lot more information years in my spreadsheets than for other stocks. So, finding a stock on the list as "cheap" is only the first step in finding a stock to buy. This is the same with any other sort of stock filters that you can use.

The last thing to remember is that I have entering figures into a spreadsheet. I could put them in incorrectly, I can transpose figures and I can misread figures. This is another great reason why you should check a stock out before investing. As this is just a filter, it works better on some stocks than on others.

See my entry on my methodology in establishing the historical dividend yield highs and lows for the stocks that I cover. I have an entry on my introduction to Dividend Growth. You might want to look at my original entry on Dividend Growth Stocks. I have also written about why I like Dividend Growth companies.

On my other blog I wrote yesterday about Innergex Renewable Energy (TSX-INE, OTC-INGXF) ... learn more. Next, I will write about Veren Inc (TSX-VRN, NYSE-VRN) ... learn more on Wednesday, November 6, 2024 around 5 pm.

This blog is meant for educational purposes only and is not to provide investment advice. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.

See my website for stocks followed and investment notes. I have three blogs. The first talks only about specific stocks and is called Investment Talk. The second one contains information on mostly investing and is called Investing Economics Mostly. My last blog is for my book reviews and it is called Non-Fiction Mostly. Follow me on Twitter or StockTwits. I am on Instagram with #walktoronto.

Thursday, October 31, 2024

Annuities

In this article Money Sense is talking about Annuities.

I worked in IT in a couple of insurance companies that issued Annuities. They used to be a lot more popular when interest rates were historically normal, which they have not been for some time. Annuities paid interest so they were not popular when interest rates were very low or non-existent.

Annuities used to be popular for a good reason. You had assured income for life. Mostly we sold annuities with a 10 year guarantee. If you have no guaranteed period, you could die shortly after purchasing one and all the money paid belonged to the insurance company. If you had around 10 year guarantee, which means that the annuity paid out for a minimum of 10 years. If you died before the 10 years were up, your beneficiaries got the money. A 10 year guaranteed basically insured the insurance company paid out about the amount that the annuity cost.

On my other blog I wrote yesterday about Cenovus Energy Inc (TSX-CVE, NYSE-CVE) ... learn more. Next, I will write about Johnson and Johnson (NYSE-JNJ) ... learn more on Friday, November 1, 2024 around 5 pm.

This blog is meant for educational purposes only and is not to provide investment advice. I am not a licensed professional investment advisor. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.

See my site for an index to these blog entries and for stocks followed. I have three blogs. The first talks only about specific stocks and is called Investment Talk. The second one contains information on mostly investing and is called Investing Economics Mostly. My last blog is for my book reviews and it is called Non-Fiction Mostly. Follow me on Twitter. I am on Instagram. Or you can just Google #walktoronto spbrunner8166 to see my pictures.

Tuesday, October 29, 2024

Dividend Increases

I have mainly been investing in dividend growth stocks since I stopped working and have been living off my portfolio, but I do have some fooling around money. My dividend increases since living off my portfolio from 1999 averages 10.65% per year with a median increase of 9.09%. The highest yearly increase is 54.77% and the lowest is 0.82%.

Over the past 10 years, average increase is 6.92% and median is 6.89%. The highest yearly increase is 12.90% and the lowest is 0.82%. The second largest was 11.99% and the second smallest was 2.58%.

The way I look at this is that any increase greater than the rate of inflation is good. I have compounding working for me. I must admit, compounding takes a while to work, probably 10 plus years, but it does work for you.

On my other blog I wrote yesterday about Keyera Corp (TSX-KEY, OTC-KEYUF) ... learn more. Next, I will write about Cenovus Energy Inc (TSX-CVE, NYSE-CVE) ... learn more on Wednesday, October 30, 2024 around 5 pm.

This blog is meant for educational purposes only and is not to provide investment advice. I am not a licensed professional investment advisor. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.

See my site for an index to these blog entries and for stocks followed. I have three blogs. The first talks only about specific stocks and is called Investment Talk. The second one contains information on mostly investing and is called Investing Economics Mostly. My last blog is for my book reviews and it is called Non-Fiction Mostly. Follow me on Twitter. I am on Instagram. Or you can just Google #walktoronto spbrunner8166 to see my pictures.

Thursday, October 24, 2024

Stock Markets

Sam Ro on Tker talks about how the stock markets works.

On my other blog I wrote yesterday about Dollarama Inc (TSX-DOL, OTC-DLMAF) ... learn more. Next, I will write about Trigon Metals Inc (TSX-TM, OTC-PNTZF) ... learn more on Friday, October 25, 2024 around 5 pm.

This blog is meant for educational purposes only and is not to provide investment advice. I am not a licensed professional investment advisor. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.

See my site for an index to these blog entries and for stocks followed. I have three blogs. The first talks only about specific stocks and is called Investment Talk. The second one contains information on mostly investing and is called Investing Economics Mostly. My last blog is for my book reviews and it is called Non-Fiction Mostly. Follow me on Twitter. I am on Instagram. Or you can just Google #walktoronto spbrunner8166 to see my pictures.

Tuesday, October 22, 2024

TD Economist on US Election

Thomas Feltmate, Senior Economists at TD is interviewed on Money Talks.

On my other blog I wrote yesterday about Ovintiv Inc (TSX-OVV, NYSE-OVV) ... llearn more. Next, I will write about Dollarama Inc (TSX-DOL, OTC-DLMAF) ... learn more on Wednesday, October 23, 2024 around 5 pm.

This blog is meant for educational purposes only and is not to provide investment advice. I am not a licensed professional investment advisor. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.

See my site for an index to these blog entries and for stocks followed. I have three blogs. The first talks only about specific stocks and is called Investment Talk. The second one contains information on mostly investing and is called Investing Economics Mostly. My last blog is for my book reviews and it is called Non-Fiction Mostly. Follow me on Twitter. I am on Instagram. Or you can just Google #walktoronto spbrunner8166 to see my pictures.

Thursday, October 17, 2024

Canadian National Railway

I want to talking about stocks I have had for the long term. This is basically what I have talking about. Buy good companies and keep them.

The next one to talk about is Canadian National Railway (TSX-CNR, NYSE-CNI) which I first bought in 2005 for my Trading account. I made additional purchases for my Trading Account in 2009. I have made 14.55% per year with 12.16% from capital gains 2.39% from dividends.

This stock has a moderate dividend yield of just over 2%, and the dividends are increasing at 11.7% per year over the past 5 years. The last dividend increase was in 2024 and it was for 7%. For my latest blog entry on this company in January 2024, click here.

On my other blog I wrote yesterday about Brookfield Corp (TSX-BN, NYSE-BN) ... learn more. Next, I will write about CCL Industries Inc (TSX-CCL.B, OTC-CCDBF) ... learn more on Friday, October 18, 2024 around 5 pm.

This blog is meant for educational purposes only and is not to provide investment advice. I am not a licensed professional investment advisor. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.

See my site for an index to these blog entries and for stocks followed. I have three blogs. The first talks only about specific stocks and is called Investment Talk. The second one contains information on mostly investing and is called Investing Economics Mostly. My last blog is for my book reviews and it is called Non-Fiction Mostly. Follow me on Twitter. I am on Instagram. Or you can just Google #walktoronto spbrunner8166 to see my pictures.

Tuesday, October 15, 2024

10 Best Personal Finance Tips

An interesting post on Financial Tips from Compounding Quality.

On my other blog I wrote yesterday about Molson Coors Canada (TSX-TPX.B, NYSE-TAP) ... learn more. Next, I will write about Brookfield Corp (TSX-BN, NYSE-BN) ... learn more on Wednesday, October 16, 2024 around 5 pm.

This blog is meant for educational purposes only and is not to provide investment advice. I am not a licensed professional investment advisor. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.

See my site for an index to these blog entries and for stocks followed. I have three blogs. The first talks only about specific stocks and is called Investment Talk. The second one contains information on mostly investing and is called Investing Economics Mostly. My last blog is for my book reviews and it is called Non-Fiction Mostly. Follow me on Twitter. I am on Instagram. Or you can just Google #walktoronto spbrunner8166 to see my pictures.