A money Sense article by Thomas Kent talks about cashback credit cards. What he does not mentions is that when you use these cards, the store you shop at gets even less money back on your purchase than if you use a card that does not give rewards.
On my other blog I wrote yesterday about Exco Technologies Ltd (TSX-XTC, OTC-EXCOF) ... learn more. Next, I will write about Cogeco Communications Inc (TSX-CCA, OTC-CGEAF) ... learn more on Friday, January 30, 2026 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, January 29, 2026
Tuesday, January 27, 2026
My Investing
I started to invest in the mid 1970’s. I started off buying Mutual Funds and Canada Savings bonds. I started a RESP because everyone was saying you needed one. I bought my first stock, BCE, in 1982. I went on to trading, and also buying Canadian, US and International stocks and bonds. I ended up by the time I was going to live off my dividends in 1999 with only Canadian Dividend Stock.
In the chart below I am showing my main dividend stocks. The % Paid is what portion of my stock price has been paid by dividends. The Yrs H column is how long I have held the stock since 1987 or my first purchase of the stock to my last review date. The total return is the return I have per year since 1987 or when I first purchased a stock to the time of my last review of the stock. I review all my stock each year, so some of the last review is 2026 and some 2025.
I thought that they were all dividend growth when I got them, but some are not currently dividend growth. I got Quicken in the last 1980’s. I got my figures from Quicken and on this system, I only have data going back to 1987.
If you have a question, ask me.
On my other blog I wrote yesterday about Enghouse Systems Ltd (TSX-ENGH, OTC-EGHSF) ... learn more. Next, I will write about Exco Technologies Ltd (TSX-XTC, OTC-EXCOF) ... learn more on Wednesday, January 28, 2026 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.
In the chart below I am showing my main dividend stocks. The % Paid is what portion of my stock price has been paid by dividends. The Yrs H column is how long I have held the stock since 1987 or my first purchase of the stock to my last review date. The total return is the return I have per year since 1987 or when I first purchased a stock to the time of my last review of the stock. I review all my stock each year, so some of the last review is 2026 and some 2025.
I thought that they were all dividend growth when I got them, but some are not currently dividend growth. I got Quicken in the last 1980’s. I got my figures from Quicken and on this system, I only have data going back to 1987.
| No | Name | Exch | Sym | % Pd | Yrs H | Tot R |
|---|---|---|---|---|---|---|
| 1 | Ag Growth International | TSX | AFN | 66.1% | 13.54 | 6.03% |
| 2 | AltaGas Ltd | TSX | ALA | 112.8% | 15.77 | 9.73% |
| 3 | Bank of Montreal | TSX | BMO | 359.2% | 37.92 | 15.35% |
| 4 | BCE Inc | TSX | BCE | 109.3% | 37.16 | 12.12% |
| 5 | Calian Group Ltd. | TSX | CGY | 59.8% | 13.64 | 12.11% |
| 6 | Canadian National Railway | TSX | CNR | 208.3% | 19.49 | 14.26% |
| 7 | Canadian Natural Resources | TSX | CNQ | 17.6% | 12.49 | 13.97% |
| 8 | Canadian Tire Corp | TSX | CTC.A | 210.7% | 24.97 | 11.61% |
| 9 | Canadian Utilities Ltd | TSX | CU | 30.2% | 8.26 | 4.69% |
| 10 | Computer Modelling Group | TSX | CMG | 171.9% | 16.89 | 19.90% |
| 11 | Emera Inc | TSX | EMA | 75.8% | 19.63 | 10.68% |
| 12 | Enbridge Inc | TSX | ENB | 190.5% | 19.63 | 12.65% |
| 13 | Evertz Technologies Ltd | TSX | ET | 65.9% | 13.76 | 4.10% |
| 14 | Fortis Inc | TSX | FTS | 550.4% | 37.38 | 12.57% |
| 15 | Leon's Furniture | TSX | LNF | 87.3% | 18.78 | 8.03% |
| 16 | Manulife Financial Corp | TSX | MFC | 58.7% | 19.83 | 5.85% |
| 17 | Melcor Developments Inc | TSX | MRD | 76.2% | 17.06 | 5.23% |
| 18 | Metro Inc | TSX | MRU | 204.9% | 21.30 | 16.21% |
| 19 | Pembina Pipeline Corp | TSX | PPL | 312.5% | 23.28 | 15.94% |
| 20 | Power Corp | TSX | POW | 125.5% | 23.34 | 13.33% |
| 21 | Richelieu Hardware Ltd | TSX | RCH | 63.3% | 15.58 | 14.15% |
| 22 | RIOCAN REIT | TSX | REI.UN | 134.6% | 26.06 | 9.21% |
| 23 | Royal Bank of Canada | TSX | RY | 890.7% | 30.09 | 17.25% |
| 24 | Russel Metals | TSX | RUS | 89.5% | 17.77 | 7.64% |
| 25 | Saputo Inc | TSX | SAP | 233.6% | 18.68 | 11.82% |
| 26 | Sun Life Financial | TSX | SLF | 123.9% | 24.91 | 8.09% |
| 27 | TC Energy Corp | TSX | TRP | 332.1% | 25.07 | 10.00% |
| 28 | TECSYS Inc | TSX | TCS | 146.1% | 14.35 | 25.42% |
| 29 | TFI International Inc | TSX | TFII | 121.5% | 7.74 | 31.56% |
| 30 | Thomson Reuters Corp | TSX | TRI | 553.6% | 39.38 | 9.67% |
| 31 | Toromont Industries Ltd | TSX | TIH | 148.9% | 17.14 | 13.33% |
| 32 | Toronto Dominion Bank | TSX | TD | 182.4% | 25.70 | 13.57% |
| 33 | Transcontinental Inc | TSX | TCL.A | 65.2% | 10.93 | 8.60% |
| 34 | WSP Global Inc. | TSX | WSP | 46.3% | 13.52 | 23.32% |
If you have a question, ask me.
On my other blog I wrote yesterday about Enghouse Systems Ltd (TSX-ENGH, OTC-EGHSF) ... learn more. Next, I will write about Exco Technologies Ltd (TSX-XTC, OTC-EXCOF) ... learn more on Wednesday, January 28, 2026 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, January 22, 2026
Wolf Of Oakville
If you like to indulge in micro-cap investing, you might want to read the Wolf of Oakville
On my other blog I wrote yesterday about Canadian Imperial Bank of Commerce (TSX-CM, NYSE-CM) ... learn more. Next, I will write about Transcontinental Inc (TSX-TCL.A, OTC-TCLAF) ... learn more on Friday, January 23, 2026 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.
On my other blog I wrote yesterday about Canadian Imperial Bank of Commerce (TSX-CM, NYSE-CM) ... learn more. Next, I will write about Transcontinental Inc (TSX-TCL.A, OTC-TCLAF) ... learn more on Friday, January 23, 2026 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, January 20, 2026
Compounding Quality Newsletter
What this newsletter is talking about at Compounding Quality is the way I invest.
Rules are:
Buy Good Companies
Do not overpay
Do nothing.
On my other blog I wrote yesterday about National Bank of Canada (TSX-NA, OTC-NTIOF) ... learn more. Next, I Canadian Imperial Bank of Commerce (TSX-CM, NYSE-CM) ... learn more on Wednesday, January 21, 2026 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.
Rules are:
Buy Good Companies
Do not overpay
Do nothing.
On my other blog I wrote yesterday about National Bank of Canada (TSX-NA, OTC-NTIOF) ... learn more. Next, I Canadian Imperial Bank of Commerce (TSX-CM, NYSE-CM) ... learn more on Wednesday, January 21, 2026 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, January 15, 2026
Canada’s Stagnation
Ben Cherniavsky and Jock Finlayson of Fraser Institute talk about Canada’s Shrinking Stock Market.
On my other blog I wrote yesterday about Toronto Dominion Bank (TSX-TD, NYSE-TD) ... learn more. Next, I will write about Bank of Nova Scotia (TSX-BNS, NYSE-BNS) ... learn more on Friday, January 16, 2026 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.
On my other blog I wrote yesterday about Toronto Dominion Bank (TSX-TD, NYSE-TD) ... learn more. Next, I will write about Bank of Nova Scotia (TSX-BNS, NYSE-BNS) ... learn more on Friday, January 16, 2026 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, January 13, 2026
Utility and Power Stocks for 2026
Scott Barlow Market Strategist for Desjardins likes the following Utility and Power stocks for 2026
On my other blog I wrote yesterday about Calian Group Ltd (TSX-CGY, OTC-CLNFF) ... learn more. Next, I will write about Toronto Dominion Bank (TSX-TD, NYSE-TD) ... learn more on Wednesday, January 14, 2026 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.
| Symbol | Name |
|---|---|
| BLX-T | Boralex Inc |
| CPX-T | Capital Power Corp |
| AQN-T | Algonquin Power and Utilities Corp |
| FTS-T | Fortis Inc |
| BEP-UN-T | Brookfield Renewable Partners LP |
| BAM-T | Brookfield Asset Management Ltd |
| CSU-T | Constellation Software Inc |
| FSV-T | Firstservice Corp |
| TFII-T | TFI International Inc |
| TRI-T | Thomson Reuters Corp |
On my other blog I wrote yesterday about Calian Group Ltd (TSX-CGY, OTC-CLNFF) ... learn more. Next, I will write about Toronto Dominion Bank (TSX-TD, NYSE-TD) ... learn more on Wednesday, January 14, 2026 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, January 8, 2026
Something to Buy January 2026
There is always something to buy in the stock market. On Tuesday, I put out a list of the stocks that I covered and showed what stock might be a good deal based on dividend yield. Now I am trying to categorize what sorts of stocks may be a good deal based on dividend yield. The dividend yield test in this note is a quick way of finding possible stock buys. See my Spreadsheet.
The advantages to using dividend yield to judge how cheap or expensive a stock is, is that you are not using estimates or old data (like last reported quarter's data). You are using today's stock price and today's dividend yield. However, this is just a place to start. It is a good idea to check the stock price with other tests, especially the P/S Ratio test. For other testing, like P/E Ratios, P/S Ratios, P/CF Ratios, P/BV Ratios and Price/Graham Price Ratios, you use estimates or data from the last reported financial quarter.
If a stock is showing as a buy using the dividend yield test, I usually like to verify it is a buy by doing a P/S Ratio test. Here you compare the current P/S Ratio to the 10 year median P/S Ratio. If the current P/S Ratio is lower than the 10 year median, then the stock is a buy. I note that Morningstar gives a current P/S Ratio. The 10 year median ratio is shown in my review of a stock. The 10 year median ratio in a review is good for one year from the date of review.
This historical dividend yield test does not work well for old Income Trust companies. These companies had quite high Dividend Yields which will probably never be seen again. So, I 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. For these stocks, you might be better comparing the current dividend yield to the 10 year median dividend yield.
However, no system is perfect. But if you are interested in buying a stock a list of stocks cheap or reasonable using dividend yield data might be a good place to start.
Categorizing stocks is not as simple as it might seem. Every site you go to has categorized stocks a bit differently. I try to keep this as simple as possible. See Something to Buy November 2025 Spreadsheet above to see what stocks are showing whether a stock is relatively cheap based on historical high dividend yields (P/Hi), historical median dividend yields (P/Med), 10 year high dividend yields (P/10Hi), or 10 year median dividend yields (P/10Yr). As in other spreadsheets, you can highlight a line or several lines for better viewing.
In the following notes I am only going to list stocks showing as cheap using the historical high dividend yields (P/Hi) and historical median dividend yields (P/Med).
I follow 20 stocks in the Consumer Discretionary category. My new coverage on TWC Enterprises Ltd (TSX-TWC, OTC-CLKXF) adds to this category.
Two of these stocks (10%) are showing as cheap by the historically high dividend yield. It is Molson Coors Canada (TSX-TPX.B, NYSE-TAP) and TWC Enterprises Ltd (TSX-TWC, OTC-CLKXF). TWC Enterprises Ltd (TSX-TWC, OTC-CLKXF) has been added to this list.
Ten (50%) of Consumer Discretionary are showing cheap by historical median dividend yield. They are BRP Inc (TSX-DOO, NASDAQ-DOOO), Canadian Tire Corp (TSX-CTC.A, OTC-CDNAF), Goodfellow Inc (TSX-GDL, OTC-GFELF), High Liner Foods (TSX-HLF, OTC-HLNFF), Leon's Furniture (TSX-LNF, OTC-LEFUF), Linamar Corporation (TSX-LNR, OTC-LIMAF), Magna International Inc. (TSX-MG, NYSE-MGA), Molson Coors Canada (TSX-TPX.B, NYSE-TAP), Richelieu Hardware Ltd (TSX-RCH, OTC-RHUHF) and TWC Enterprises Ltd (TSX-TWC, OTC-CLKXF). TWC Enterprises Ltd (TSX-TWC, OTC-CLKXF) has been added to this list.
I follow 13 Consumer Staples stocks. One stocks (8%) are showing as cheap by the historically high dividend yield. I t is Alimentation Couche-Tard (TSX-ATD.B, OTC-ANCUF). There is no change from last month.
Eight stocks (62%) are showing cheap by historical median dividend yield. These are Alimentation Couche-Tard (TSX-ATD.B, OTC-ANCUF), Andrew Peller Ltd (TSX-ADW.A, OTC-ADWPF), Empire Company Ltd (TSX-EMP.A, OTC-EMLAF), Jamieson Wellness Inc (TSX-JWEL, OTC-JWLLF), KP Tissue Inc (TSX-KPT, NYSE-KPTSF), Lassonde Industries (TSX-LAS.A, OTC-LSDAF), Maple Leaf Foods Inc (TSX-MFI, OTC-MLFNF), and Saputo Inc. (TSX-SAP, OTC-SAPIF). Maple Leaf Foods Inc (TSX-MFI, OTC-MLFNF) has been added to this list. Metro Inc (TSX-MRU, OTC-MTRAF) has been removed from this list.
I follow Six Health Care stocks. None of these stocks (0%) is showing as cheap by the historically high dividend yield. There is no change from last month.
Two stocks (33%) are cheap by the historical median dividend yield. The stocks are Johnson and Johnson (NYSE-JNJ), and Medtronic Inc. (NYSE-MDT). There is no change from last month.
I follow 8 Energy stocks. No stocks (0%) are showing as cheap by the historical high dividend yield. There is no change from last month.
There are Five stocks (63%) showing as cheap by historical median dividend yield. They are Canadian Natural Resources (TSX-CNQ, NYSE-CNQ), Cenovus Energy Inc (TSX-CVE, NYSE-CVE), Mullen Group (TSX-MTL, OTC-MLLGF), Ovintiv Inc (TSX-OVV, OTC-OVV), and Suncor Energy (TSX-SU, NYSE-SU). There is no change from last month.
I follow 26 Financial stocks under the categories of Banks (7), Financial Services (14), and Insurance (5). First Firm Capital Mortgage Invest. Corp (TSX-FCR.UN, OTC-FCMGF) is being added to this last as I am now following this stock .so Financial Services only has 14 stocks.
I follow 7 Bank stocks. None of these stocks (0%) are showing as cheap by the historically high dividend yield. There is no change from last month.
One stocks (14%) are showing as cheap by historical median dividend yield. It is Bank of Nova Scotia (TSX-BNS, NYSE-BNS). Toronto Dominion Bank (TSX-TD, NYSE-TD) has been removed from this list.
I follow 1 Financial Service stocks. None of these stocks (0%) are showing as cheap by the historically high dividend yield. There is no change from last month.
Six stocks (43%) are showing as cheap by the historical median dividend yield. These stocks are Atrium Mortgage Investment Corp (TSX-AI, OTC-AMIVF), EQB Inc (TSX-EQB, OTC-EQGPF), Firm Capital Mortgage Invest. Corp (TSX-FCR.UN, OTC-FCMGF), Goeasy Ltd (TSX-GSY, OTC-EHMEF), Guardian Capital Group (TSX-GCG.A, OTC-GCAAF), and Power Corp (TSX-POW, OTC-PWCDF). There is no change from last month.
I follow 5 Insurance stocks. None of these stocks (0%) is showing as cheap by the historically high dividend yield. There is no change from last month.
Two stocks (40%) are showing as cheap by historical median dividend yield. These stocks are Manulife Financial Corp (TSX-MFC, NYSE-MFC), and Sun Life Financial (TSX-SLF, NYSE-SLF). There is no change from last month.
I follow 33 Industrial stocks. Dexterra Group Inc (TSX-DXT, OTC-HZNOF) has been added to this list as I am now following this stock. This stock was in the Services section.
Because I have so many and Industrial, I have divided my Industrial stocks into 4 separate categories under Industrial. They are Construction (7), Industrial (3), Manufacturing (5) and (Business) Services (18).
I have 7 Construction stocks. No stock (0%) is showing as cheap by the historically high dividend yield. There is no change from last month.
No stock (0%) is showing as cheap by historical median dividend yield. There is no change from last month.
I have 3 stocks left with the sub-index of Industrial. None of these stocks (0%) are showing as cheap by the historically high dividend yield. There is no change from last month.
No stock (0%) is showing as cheap by historical median dividend yield. There is no change from last month.
I have 5 Manufacturing stocks. None of these stocks (0%) are showing as cheap by the historically high dividend yield. There is no change from last month.
One stock (14%) is showing as cheap by historical median dividend yield. It is Exco Technologies Ltd. (TSX-XTC, OTC-EXCOF). There is no change from last month.
I follow 18 Services stocks. Dexterra Group Inc (TSX-DXT, OTC-HZNOF) has been added to this list.
One stock (6%) is showing as cheap by the historically high dividend yield. It is Canadian National Railway (TSX-CNR, NYSE-CNI.). There is no change from last month.
Seven stock (39%) are showing as cheap by historical median dividend yield. They are Algoma Central Corporation (TSX-ALC, OTC-AGMJF), Canadian National Railway (TSX-CNR, NYSE-CNI), McCoy Global Inc (TSX-MCB, OTC-MCCRF), Pason Systems Inc (TSX-PSI, OTC-PSYTF), Transcontinental Inc (TSX-TCL.A, OTC-TCLAF), Trican Well Service Ltd (TSX-TCW, OTC-TOLWF), and Wajax Corp (TSX-WJX, OTC-WJXFF). Pulse Seismic Inc. (TSX-PSD, OTC-PLSDF) has been removed from this list.
I follow 10 Material stocks. No stock (0%) is showing as cheap by the historically high dividend yield. There is no change from last month.
Two stock (20%) is showing as cheap by historical median dividend yield. Adentra Inc (TSX-ADEN, OTC-HDIUF), and Stella-Jones (TSX-SJ, OTC-STLJF). Barrick Mining Corp (TSX-ABX, NYSE-ABX) has been removed from this list.
I follow 10 Real Estate stocks. One stock (10%) is showing as cheap by historically high dividend yield. It is Allied Properties REIT (TSX-AP.UN, OTC-APYRF). There is no change from last month.
Five stocks (50%) are showing as cheap by historical median dividend yield. They are Allied Properties REIT (TSX-AP.UN, OTC-APYRF), Artis REIT (TSX-AX.UN, OTC-ARESF), FirstService Corp (TSX-FSV, NASDAQ-FSV), Melcor Developments Inc. and (TSX-MRD, OTC-MODVF), and SmartCentres REIT (TSX-SRU.UN, OTC-CWYUF). Granite REIT (TSX-GRT.UN, NYSE-GRP.U) has been removed from to this list
I follow 4 of the Telecom Service stocks. Two of the stocks (50%) are showing as cheap by historically high dividend yield. They are Cogeco Communications Inc (TSX-CCA, OTC-CGEAF), and Telus Corp (TSX-T, NYSE-TU). There is no change from last month.
Four stocks (100%) are showing cheap by historical median dividend yield. These stocks are BCE (TSX-BCE, NYSE-BCE), Cogeco Communications Inc (TSX-CCA, OTC-CGEAF), Quebecor Inc (TSX-QBR.B, OTC-QBCRF) and Telus Corp (TSX-T, NYSE-TU). There is no change from last month.
I follow 7 Tech stocks. One stock (14%) is showing as cheap by historical high dividend yield. It is Enghouse Systems Limited (TSX-ENGH, OTC-EGHSF). There is no change from last month.
Two stock (28%) are showing cheap by historical median dividend yield. They are Enghouse Systems Limited (TSX-ENGH, OTC-EGHSF), and Evertz Technologies (TSX-ET, OTC-EVTZF). There is no change from last month.
I follow 8 of the Infrastructure Type stocks. No stock (0%) is showing as cheap by historical high dividend yield. There is no change from last month. South Bow Corp (TSX-SOBO, NYSE-SOBO) is showing as cheap, but I have little data on this stock. I am waiting to have more data on this stock.
Two stocks (25%) are showing cheap by historical median dividend yield. They are Enbridge Inc. (TSX-ENB, NYSE-ENB), and TC Energy Corp (TSX-TRP, NYSE-TRP). There is no change from last month. South Bow Corp (TSX-SOBO, NYSE-SOBO) is showing as cheap but I have little data on this stock.
I follow 8 of the Power Type utility companies. No stock (0%) is showing as cheap by historical high dividend yield. There is no change from last month.
Four stocks (50%) are showing as cheap by historical median dividend yield. Those stocks are ATCO Ltd (TSX-ACO.X, OTC-ACLLF), Boralex Inc (TSX-BLX, OTC-BRLXF), and Canadian Utilities Ltd (TSX-CU, OTC-CDUAF). TransAlta Corp (TSX-TA, NYSE-TAC) has been removed from this list.
On my other blog I wrote yesterday about Royal Bank of Canada (TSX-RY, NYSE-RY) ... learn more. Next, I will write about Rogers Sugar Inc (TSX-RSI, OTC-RSGUF) ... learn more on Friday, January 9, 2026 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 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.
The advantages to using dividend yield to judge how cheap or expensive a stock is, is that you are not using estimates or old data (like last reported quarter's data). You are using today's stock price and today's dividend yield. However, this is just a place to start. It is a good idea to check the stock price with other tests, especially the P/S Ratio test. For other testing, like P/E Ratios, P/S Ratios, P/CF Ratios, P/BV Ratios and Price/Graham Price Ratios, you use estimates or data from the last reported financial quarter.
If a stock is showing as a buy using the dividend yield test, I usually like to verify it is a buy by doing a P/S Ratio test. Here you compare the current P/S Ratio to the 10 year median P/S Ratio. If the current P/S Ratio is lower than the 10 year median, then the stock is a buy. I note that Morningstar gives a current P/S Ratio. The 10 year median ratio is shown in my review of a stock. The 10 year median ratio in a review is good for one year from the date of review.
This historical dividend yield test does not work well for old Income Trust companies. These companies had quite high Dividend Yields which will probably never be seen again. So, I 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. For these stocks, you might be better comparing the current dividend yield to the 10 year median dividend yield.
However, no system is perfect. But if you are interested in buying a stock a list of stocks cheap or reasonable using dividend yield data might be a good place to start.
Categorizing stocks is not as simple as it might seem. Every site you go to has categorized stocks a bit differently. I try to keep this as simple as possible. See Something to Buy November 2025 Spreadsheet above to see what stocks are showing whether a stock is relatively cheap based on historical high dividend yields (P/Hi), historical median dividend yields (P/Med), 10 year high dividend yields (P/10Hi), or 10 year median dividend yields (P/10Yr). As in other spreadsheets, you can highlight a line or several lines for better viewing.
In the following notes I am only going to list stocks showing as cheap using the historical high dividend yields (P/Hi) and historical median dividend yields (P/Med).
I follow 20 stocks in the Consumer Discretionary category. My new coverage on TWC Enterprises Ltd (TSX-TWC, OTC-CLKXF) adds to this category.
Two of these stocks (10%) are showing as cheap by the historically high dividend yield. It is Molson Coors Canada (TSX-TPX.B, NYSE-TAP) and TWC Enterprises Ltd (TSX-TWC, OTC-CLKXF). TWC Enterprises Ltd (TSX-TWC, OTC-CLKXF) has been added to this list.
Ten (50%) of Consumer Discretionary are showing cheap by historical median dividend yield. They are BRP Inc (TSX-DOO, NASDAQ-DOOO), Canadian Tire Corp (TSX-CTC.A, OTC-CDNAF), Goodfellow Inc (TSX-GDL, OTC-GFELF), High Liner Foods (TSX-HLF, OTC-HLNFF), Leon's Furniture (TSX-LNF, OTC-LEFUF), Linamar Corporation (TSX-LNR, OTC-LIMAF), Magna International Inc. (TSX-MG, NYSE-MGA), Molson Coors Canada (TSX-TPX.B, NYSE-TAP), Richelieu Hardware Ltd (TSX-RCH, OTC-RHUHF) and TWC Enterprises Ltd (TSX-TWC, OTC-CLKXF). TWC Enterprises Ltd (TSX-TWC, OTC-CLKXF) has been added to this list.
I follow 13 Consumer Staples stocks. One stocks (8%) are showing as cheap by the historically high dividend yield. I t is Alimentation Couche-Tard (TSX-ATD.B, OTC-ANCUF). There is no change from last month.
Eight stocks (62%) are showing cheap by historical median dividend yield. These are Alimentation Couche-Tard (TSX-ATD.B, OTC-ANCUF), Andrew Peller Ltd (TSX-ADW.A, OTC-ADWPF), Empire Company Ltd (TSX-EMP.A, OTC-EMLAF), Jamieson Wellness Inc (TSX-JWEL, OTC-JWLLF), KP Tissue Inc (TSX-KPT, NYSE-KPTSF), Lassonde Industries (TSX-LAS.A, OTC-LSDAF), Maple Leaf Foods Inc (TSX-MFI, OTC-MLFNF), and Saputo Inc. (TSX-SAP, OTC-SAPIF). Maple Leaf Foods Inc (TSX-MFI, OTC-MLFNF) has been added to this list. Metro Inc (TSX-MRU, OTC-MTRAF) has been removed from this list.
I follow Six Health Care stocks. None of these stocks (0%) is showing as cheap by the historically high dividend yield. There is no change from last month.
Two stocks (33%) are cheap by the historical median dividend yield. The stocks are Johnson and Johnson (NYSE-JNJ), and Medtronic Inc. (NYSE-MDT). There is no change from last month.
I follow 8 Energy stocks. No stocks (0%) are showing as cheap by the historical high dividend yield. There is no change from last month.
There are Five stocks (63%) showing as cheap by historical median dividend yield. They are Canadian Natural Resources (TSX-CNQ, NYSE-CNQ), Cenovus Energy Inc (TSX-CVE, NYSE-CVE), Mullen Group (TSX-MTL, OTC-MLLGF), Ovintiv Inc (TSX-OVV, OTC-OVV), and Suncor Energy (TSX-SU, NYSE-SU). There is no change from last month.
I follow 26 Financial stocks under the categories of Banks (7), Financial Services (14), and Insurance (5). First Firm Capital Mortgage Invest. Corp (TSX-FCR.UN, OTC-FCMGF) is being added to this last as I am now following this stock .so Financial Services only has 14 stocks.
I follow 7 Bank stocks. None of these stocks (0%) are showing as cheap by the historically high dividend yield. There is no change from last month.
One stocks (14%) are showing as cheap by historical median dividend yield. It is Bank of Nova Scotia (TSX-BNS, NYSE-BNS). Toronto Dominion Bank (TSX-TD, NYSE-TD) has been removed from this list.
I follow 1 Financial Service stocks. None of these stocks (0%) are showing as cheap by the historically high dividend yield. There is no change from last month.
Six stocks (43%) are showing as cheap by the historical median dividend yield. These stocks are Atrium Mortgage Investment Corp (TSX-AI, OTC-AMIVF), EQB Inc (TSX-EQB, OTC-EQGPF), Firm Capital Mortgage Invest. Corp (TSX-FCR.UN, OTC-FCMGF), Goeasy Ltd (TSX-GSY, OTC-EHMEF), Guardian Capital Group (TSX-GCG.A, OTC-GCAAF), and Power Corp (TSX-POW, OTC-PWCDF). There is no change from last month.
I follow 5 Insurance stocks. None of these stocks (0%) is showing as cheap by the historically high dividend yield. There is no change from last month.
Two stocks (40%) are showing as cheap by historical median dividend yield. These stocks are Manulife Financial Corp (TSX-MFC, NYSE-MFC), and Sun Life Financial (TSX-SLF, NYSE-SLF). There is no change from last month.
I follow 33 Industrial stocks. Dexterra Group Inc (TSX-DXT, OTC-HZNOF) has been added to this list as I am now following this stock. This stock was in the Services section.
Because I have so many and Industrial, I have divided my Industrial stocks into 4 separate categories under Industrial. They are Construction (7), Industrial (3), Manufacturing (5) and (Business) Services (18).
I have 7 Construction stocks. No stock (0%) is showing as cheap by the historically high dividend yield. There is no change from last month.
No stock (0%) is showing as cheap by historical median dividend yield. There is no change from last month.
I have 3 stocks left with the sub-index of Industrial. None of these stocks (0%) are showing as cheap by the historically high dividend yield. There is no change from last month.
No stock (0%) is showing as cheap by historical median dividend yield. There is no change from last month.
I have 5 Manufacturing stocks. None of these stocks (0%) are showing as cheap by the historically high dividend yield. There is no change from last month.
One stock (14%) is showing as cheap by historical median dividend yield. It is Exco Technologies Ltd. (TSX-XTC, OTC-EXCOF). There is no change from last month.
I follow 18 Services stocks. Dexterra Group Inc (TSX-DXT, OTC-HZNOF) has been added to this list.
One stock (6%) is showing as cheap by the historically high dividend yield. It is Canadian National Railway (TSX-CNR, NYSE-CNI.). There is no change from last month.
Seven stock (39%) are showing as cheap by historical median dividend yield. They are Algoma Central Corporation (TSX-ALC, OTC-AGMJF), Canadian National Railway (TSX-CNR, NYSE-CNI), McCoy Global Inc (TSX-MCB, OTC-MCCRF), Pason Systems Inc (TSX-PSI, OTC-PSYTF), Transcontinental Inc (TSX-TCL.A, OTC-TCLAF), Trican Well Service Ltd (TSX-TCW, OTC-TOLWF), and Wajax Corp (TSX-WJX, OTC-WJXFF). Pulse Seismic Inc. (TSX-PSD, OTC-PLSDF) has been removed from this list.
I follow 10 Material stocks. No stock (0%) is showing as cheap by the historically high dividend yield. There is no change from last month.
Two stock (20%) is showing as cheap by historical median dividend yield. Adentra Inc (TSX-ADEN, OTC-HDIUF), and Stella-Jones (TSX-SJ, OTC-STLJF). Barrick Mining Corp (TSX-ABX, NYSE-ABX) has been removed from this list.
I follow 10 Real Estate stocks. One stock (10%) is showing as cheap by historically high dividend yield. It is Allied Properties REIT (TSX-AP.UN, OTC-APYRF). There is no change from last month.
Five stocks (50%) are showing as cheap by historical median dividend yield. They are Allied Properties REIT (TSX-AP.UN, OTC-APYRF), Artis REIT (TSX-AX.UN, OTC-ARESF), FirstService Corp (TSX-FSV, NASDAQ-FSV), Melcor Developments Inc. and (TSX-MRD, OTC-MODVF), and SmartCentres REIT (TSX-SRU.UN, OTC-CWYUF). Granite REIT (TSX-GRT.UN, NYSE-GRP.U) has been removed from to this list
I follow 4 of the Telecom Service stocks. Two of the stocks (50%) are showing as cheap by historically high dividend yield. They are Cogeco Communications Inc (TSX-CCA, OTC-CGEAF), and Telus Corp (TSX-T, NYSE-TU). There is no change from last month.
Four stocks (100%) are showing cheap by historical median dividend yield. These stocks are BCE (TSX-BCE, NYSE-BCE), Cogeco Communications Inc (TSX-CCA, OTC-CGEAF), Quebecor Inc (TSX-QBR.B, OTC-QBCRF) and Telus Corp (TSX-T, NYSE-TU). There is no change from last month.
I follow 7 Tech stocks. One stock (14%) is showing as cheap by historical high dividend yield. It is Enghouse Systems Limited (TSX-ENGH, OTC-EGHSF). There is no change from last month.
Two stock (28%) are showing cheap by historical median dividend yield. They are Enghouse Systems Limited (TSX-ENGH, OTC-EGHSF), and Evertz Technologies (TSX-ET, OTC-EVTZF). There is no change from last month.
I follow 8 of the Infrastructure Type stocks. No stock (0%) is showing as cheap by historical high dividend yield. There is no change from last month. South Bow Corp (TSX-SOBO, NYSE-SOBO) is showing as cheap, but I have little data on this stock. I am waiting to have more data on this stock.
Two stocks (25%) are showing cheap by historical median dividend yield. They are Enbridge Inc. (TSX-ENB, NYSE-ENB), and TC Energy Corp (TSX-TRP, NYSE-TRP). There is no change from last month. South Bow Corp (TSX-SOBO, NYSE-SOBO) is showing as cheap but I have little data on this stock.
I follow 8 of the Power Type utility companies. No stock (0%) is showing as cheap by historical high dividend yield. There is no change from last month.
Four stocks (50%) are showing as cheap by historical median dividend yield. Those stocks are ATCO Ltd (TSX-ACO.X, OTC-ACLLF), Boralex Inc (TSX-BLX, OTC-BRLXF), and Canadian Utilities Ltd (TSX-CU, OTC-CDUAF). TransAlta Corp (TSX-TA, NYSE-TAC) has been removed from this list.
On my other blog I wrote yesterday about Royal Bank of Canada (TSX-RY, NYSE-RY) ... learn more. Next, I will write about Rogers Sugar Inc (TSX-RSI, OTC-RSGUF) ... learn more on Friday, January 9, 2026 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 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.
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