Tuesday, February 27, 2024

Can You Live on Dividends

This is a post from the site of A Wealth of Commonsense by Ben Carlson.

I am been living off dividends since 1999, but I have been dividend investing to get to that stage for some time. He is talking about dividend crashing in 1993, 2001 and 2010 when I was doing this. My experience in these times periods

On my other blog I wrote yesterday about Nuvei Corp (TSX- NVEI, OTC- NVEI) ... learn more. Next, I will write about Choice Properties REIT (TSX-CHP.UN, OTC-PPRQF) ... learn more on Wednesday, February 28, 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 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, February 22, 2024

Brian Feroldi

This investment commentator on Twitter was pointed out by a member of my Ellen's Investment Club.

On my other blog I wrote yesterday about Intact Financial Corp (TSX-IFC, OTC-IFCZF) ... learn more. Next, I will write about Manulife Financial Corp (TSX-MFC, NYSE-MFC) ... learn more on Friday, February 17, 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 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, February 20, 2024

China and Their Stock Markets

This blog from Adams Financial Concepts talks about the Chinese market. I think that the government in China is too involved in business and in the Chinese stock markets. Governments have been notorious in being very bad at picking business winners. I personally would not invest in any Chinese stock.

On my other blog I wrote yesterday about First National Financial Corporation (TSX-FN, OTC-FNLIF) ... learn more. Next, I will write about Intact Financial Corp (TSX-IFC, OTC-IFCZF) ... learn more on Wednesday, February 21, 2024 around 5 p.

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.

Thursday, February 15, 2024

Victim of Fraud

This Money Sense article is about what to do if you a victim of bank account or credit card fraud. This is occurring more and more and you should be aware of what you should do.

On my other blog I wrote yesterday about ARC Resources Ltd (TSX-ARX, OTC-AETUF) ... learn more. Next, I will write about Russel Metals Inc (TSX-RUS, OTC-RUSMF) ... learn more on Friday, February 16, 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 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, February 13, 2024

Dividend Stocks for 2024

Top 100 Dividend Stocks in Canada for 2024 is again published by Money Sense.

On my other blog I wrote yesterday about Allied Properties Real Estate Investment Trust (TSX-AP.UN, OTC-APYRF) ... learn more. Next, I will write about ARC Resources Ltd (TSX-ARX, OTC-AETUF) ... learn more on Wednesday, February 14, 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 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, February 8, 2024

Something to Buy February 2024

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 January 2024 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 21 stocks in the Consumer Discretionary category. Two of these stocks (10%) are showing as cheap by the historically high dividend yield. They are Canadian Tire Corp (TSX-CTC.A, OTC-CDNAF), and High Liner Foods (TSX-HLF, OTC-HLNFF). Leon's Furniture (TSX-LNF, OTC-LEFUF) has been removed from this list.

Twelve (57%) 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), Keg Royalties Income Fund, (TSX-KEG.UN, OTC-KRIUF), 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), Sleep Country Canada Holdings Inc (TSX-ZZZ, OTC-SCCAF) and Stingray Digital Group Inc (TSX-RAY.A). K-Bro Linen Inc (TSX-KBL, OTC-KBRLF) has been removed from this list

I follow 13 Consumer Staples stocks. One stocks (8%) are showing as cheap by the historically high dividend yield. It is Jamieson Wellness Inc (TSX-JWEL, OTC-JWLLF). Saputo Inc. (TSX-SAP, OTC-SAPIF) has been removed from this list.

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), Maple Leaf Foods Inc (TSX-MFI, OTC-MLFNF), Metro Inc (TSX-MRU, OTC-MTRAF), and Saputo Inc. (TSX-SAP, OTC-SAPIF). There is no change from last month.

I follow Six Health Care stocks. Two of these stocks (33%) are showing as cheap by the historically high dividend yield. They are Medtronic PCL (NYSE-MDT), Neighbourly Pharmacy Inc (TSX-NBLY, OTC-NBLYF). There is no change from last month.

Four stocks (67%) are cheap by the historical median dividend yield. The stocks are Johnson and Johnson (NYSE-JNJ), Medtronic Inc. (NYSE-MDT), Neighbourly Pharmacy Inc (TSX-NBLY, OTC-NBLYF), and Sienna Senior Living Inc (TSX-SIA, OTC-LWSCF). There is no change from last month.

I follow 9 Energy stocks. No stock (0%) is showing as cheap by the historical high dividend yield. There is no change from last month.

There are Five stocks (56%) 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 25 Financial stocks under the categories of Banks (7), Financial Services (13), and Insurance (5).

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.

Seven stocks (100%) are showing as cheap by historical median dividend yield. They are Bank of Montreal (TSX-BMO, NYSE-BMO), Bank of Nova Scotia (TSX-BNS, NYSE-BNS), Barclays PLC (LSE-BARC, NYSE-BCS), Canadian Imperial Bank of Commerce (TSX-CM, NYSE-CM), National Bank of Canada (TSX-NA, OTC-NTIOF), and Royal Bank of Canada (TSX-RY, NYSE-RY) and Toronto Dominion Bank (TSX-TD, NYSE-TD). There is no change from last month.

I follow 13 Financial Service stocks. None of these stocks (0%) are showing as cheap by the historically high dividend yield. Accord Financial Corp (TSX-ACD, OTC-ACCFF) has been removed from this list.

Nine stocks (69%) are showing as cheap by the historical median dividend yield. These stocks are AGF Management Ltd (TSX-AGF.B, OTC-AGFMF), Alaris Equity Partners Income Trust (TSX-AD.UN, OTC-ALARF), Atrium Mortgage Investment Corp (TSX-AI, OTC-AMIVF), CI Financial (TSX-CIX, NYSE-CIXX), Element Fleet Management Corp (TSX-EFN, OTC-ELEEF), EQB Inc (TSX-EQB, OTC-EQGPF), Goeasy Ltd (TSX-GSY, OTC-EHMEF), IGM Financial (TSX-IGM, OTC-IGIFF), and Power Corp (TSX-POW, OTC-PWCDF). Accord Financial Corp (TSX-ACD, OTC-ACCFF) has been removed from this list.

I follow 5 Insurance stocks. None of these stocks (0%) are showing as cheap by the historically high dividend yield. There is no change from last month.

Four stocks (80%) are showing as cheap by historical median dividend yield. These stocks are Great-West Lifeco Inc. (TSX-GWO, OTC-GWLIF), IA Financial Corp (TSX-IAG, OTC-IDLLF), and Manulife Financial Corp (TSX-MFC, NYSE-MFC), Sun Life Financial (TSX-SLF, NYSE-SLF). There is no change from last month.

I follow 32 Industrial stocks. 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 (17). Logistec Corp (TSX-LGT.B, OTC-LTKBF) has been removed from Services as it was bought out.

I have 7 Construction stocks. One stock (14%) is showing as cheap by the historically high dividend yield. It is Aecon Group Inc (TSX-ARE, OTC-AEGXF). There is no change from last month.

One stock (14%) is showing as cheap by historical median dividend yield. It is Aecon Group Inc (TSX-ARE, OTC-AEGXF). 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.

One stock (33%) is showing as cheap by historical median dividend yield. It is Finning International Inc. (TSX-FTT, OTC-FINGF). 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 17 Services stocks. Logistec Corp (TSX-LGT.B, OTC-LTKBF) has been removed from Services as it was bought out.

Two of these stocks (12%) is showing as cheap by the historically high dividend yield. They are McCoy Global Inc (TSX-MCB, OTC-MCCRF), and Titanium Transportation Group Inc (TSX-TTR, OTC-TTTGF). Transcontinental Inc (TSX-TCL.A, OTC-TCLAF) has been removed from this list.

Nine stock (50%) 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), GFL Environmental Inc (TSX-GFL, NYSE-GFL), McCoy Global Inc (TSX-MCB, OTC-MCCRF), Pason Systems Inc (TSX-PSI, OTC-PSYTF), Pulse Seismic Inc. (TSX-PSD, OTC-PLSDF), Titanium Transportation Group Inc (TSX-TTR, OTC-TTTGF), Transcontinental Inc (TSX-TCL.A, OTC-TCLAF), and Trican Well Service Ltd (TSX-TCW, OTC-TOLWF). There is no change from last month.

I follow 10 Material stocks. No stock (1%) is showing as cheap by the historically high dividend yield. Agnico Eagle Mines Ltd (TSX-AEM, NYSE-AEM) has been removed from this list.

One stock (10%) is showing as cheap by historical median dividend yield. That stock is Barrick Gold Corp (TSX-ABX, NYSE-ABX). There is no change from last month.

I follow 10 Real Estate stocks. No stocks (0%) are showing as cheap by historically high dividend yield. There is no change from last month.

Six stocks (60%) 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), First Capital REIT (TSX-FCR.UN, OTC-FCXXF), Granite REIT (TSX-GRT.UN, NYSE-GRP.U), Melcor Developments Inc. (TSX-MRD, OTC-MODVF), and SmartCentres REIT (TSX-SRU.UN, OTC-CWYUF). There is no change from last month.

I follow 4 of the Telecom Service stocks. Cogeco Communications Inc (TSX-CCA, OTC-CGEAF) and Quebecor Inc (TSX-QBR.B, OTC-QBCRF) have been added to this section

Two of the stocks (100%) are showing as cheap by historically high dividend yield. They are BCE (TSX-BCE, NYSE-BCE) and Quebecor Inc (TSX-QBR.B, OTC-QBCRF). Quebecor Inc (TSX-QBR.B, OTC-QBCRF) has been added to this list.

Two 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). Cogeco Communications Inc (TSX-CCA, OTC-CGEAF), Quebecor Inc (TSX-QBR.B, OTC-QBCRF) have been added to this list.

I follow 8 Tech stocks. No stock (0%) is showing as cheap by historical high dividend yield. Enghouse Systems Limited (TSX-ENGH, OTC-EGHSF) has been removed from this list.

Three stock (38%) are showing cheap by historical median dividend yield. They are Enghouse Systems Limited (TSX-ENGH, OTC-EGHSF), Evertz Technologies (TSX-ET, OTC-EVTZF), and Sylogist Ltd (TSXV-SYZ, OTC-SYZLF). There is no change from last month.

I follow 7 of the Infrastructure Type stocks. One of the stocks (13%) is showing as cheap by historical high dividend yield. It is TC Energy Corp (TSX-TRP, NYSE-TRP). There is no change from last month.

Four stocks (57%) are showing cheap by historical median dividend yield. They are Capital Power Corp (TSX-CPX, OTC-CPRHF), Enbridge Inc. (TSX-ENB, NYSE-ENB), Keyera Corp (TSX-KEY, OTC-KEYUF) and TC Energy Corp (TSX-TRP, NYSE-TRP). There is no change from last month.

I follow 9 of the Power Type utility companies. One stock (13%) is showing as cheap by historical high dividend yield. It is ATCO Ltd (TSX-ACO.X, OTC-ACLLF). There is no change from last month.

Six stocks (67%) are showing as cheap by historical median dividend yield. Those stocks are Algonquin Power & Utilities Corp (TSX-AQN, NYSE-AQN), ATCO Ltd (TSX-ACO.X, OTC-ACLLF), Canadian Utilities Ltd (TSX-CU, OTC-CDUAF), Emera Inc (TSX-EMA, OTC-EMRAF), Fortis Inc (TSX-FTS, OTC-FRTSF), and Innergex Renewable Energy (TSX-INE, OTC-INGXF). There is no change from last month.

On my other blog I wrote yesterday about Canadian Pacific Kansas City Ltd (TSX-CP, NYSE-CP) ... learn more. Next, I will write about Cogeco Communications Inc (TSX-CCA, OTC- CGEAF) ... learn more on Friday, February 9, 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 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, February 6, 2024

Dividend Stocks February 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 February 2024. On this list,
  • I have 12 stocks with a dividend yield higher than the historical high dividend yield,
  • I have 85 stocks with a dividend yield higher than the historical median dividend yield
  • I have 10 stocks with a dividend yield higher than the 10 year high dividend yield and
  • 96 stocks with a dividend yield higher than the 10 year average dividend yield.
When I did my list last list in January 2024,
  • I have 15 stocks with a dividend yield higher than the historical high dividend yield,
  • I have 85 stocks with a dividend yield higher than the historical median dividend yield
  • I have 10 stocks with a dividend yield higher than the 10 year high dividend yield and
  • 98 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 $204.90. This month dividends would be $204.83. It can vary as because some stocks are paid in US$ 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 697.10 and this month 727.70.

Algoma Central Corporation (TSX-ALC, OTC-AGMJF)
ATCO Ltd (TSX-ACO.X, OTC-ACLLF)
Canadian National Railway (TSX-CNR, NYSE-CNI)
Canadian Utilities Ltd (TSX-CU, OTC-CDUAF)
Chemtrade Logistics Inc. Fund (TSX-CHE.UN, OTC-CGIFF)

Metro Inc (TSX-MRU, OTC-MTRAF)

Of the stocks I follow, 0 stock has cut their dividends.

Of the stocks I follow, 1 stock have suspended or terminated their dividend.

Accord Financial Corp (TSX-ACD, OTC-ACCFF)

I am now following two new stocks to my list. One Cogeco Communications Inc (TSX-CCA, OTC-CGEAF) which is a telecom out of Quebec. The other is Quebecor Inc (TSX-QBR.B, OTC-QBCRF) another telecom out of Quebec. Both these stocks are on the Money Sense dividend list.

Logistec Corp (TSX-LGT.B, OTC-LTKBF). Blue Wolf Capital Partners LLC (“Blue Wolf”), a middle market private equity firm specializing in the industrial and healthcare sectors, has completed its acquisition of Montreal-based LOGISTEC Corporation (“LOGISTEC” or “the company”). See Press Release.

Of the stocks I follow, the following declined the most in their stock price. Of the stocks I follow, 39.61 % had declining stock prices. Last month 32.68% of the stock had declining prices.

Name Exch Sym Exch Sym Chge SP
Blackberry Ltd. (RIM) TSX BB NYSE BB -22.34%
Trigon Metals Inc. TSXV TM OTC PNTZF -14.89%
Barrick Gold Corp TSX ABX NYSE ABX -13.32%
TransAlta Corp TSX TA NYSE TAC -12.52%
BRP Inc TSX DOO NASDAQ DOOO -10.75%
Ballard Power Systems TSX BLDP NASDAQ BLDP -10.59%
Allied Properties REIT TSX AP.UN OTC APYRF -10.11%
Agnico Eagle Mines Ltd TSX AEM NYSE AEM -9.92%
Pason Systems Inc. TSX PSI OTC PSYTF -8.66%
Crescent Point Energy TSX CPG NYSE CPG -8.49%

Of the stock that I follow, these stocks gained the most in their stock price. Of the stock I follow, 60.39% had increasing stock price. And, 0% or 0 stocks had the same stock price as last month.

Name Exch Sym Exch Sym Chge SP
Bank of Montreal TSX BMO NYSE BMO 15.35%
Russel Metals TSX RUS OTC RUSMF 15.46%
McCoy Global Inc TSX MCB OTC MCCRF 16.20%
Chesswood Group TSX CHW OTC CHWWF 16.86%
Cargojet Inc TSX CJT OTC CGJTF 17.14%
Quarterhaill Inc TSX QTRH OTC QTRHF 18.18%
Bird Construction Inc TSX BDT OTC BIRDF 18.23%
Transcontinental Inc TSX TCL.A OTC TCLAF 19.34%
Adentra Inc TSX ADEN OTC HDIUF 19.69%
Dorel Industries TSX DII.B OTC DIIBF 26.52%

Most of my stocks started out as Dividend Payers. Currently 12 stocks are not paying any dividends and this would be some 7.79% of the stocks that I follow. Three of these stocks never had dividends, so 5.84% 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 today about AGF Management Ltd (TSX-AGF.B, OTC-AGFMF) ... learn more. Next, I will write about be Canadian Pacific Kansas City Ltd (TSX-CP, NYSE-CP) ... learn more on Wednesday, February 7, 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.