Note: Last month, I changed from using the Historical Median dividend yield to the 10 year median dividend yield. This is more in line with the standards used today.
There is always something to buy in the stock market. On Tuesday, I put out a list of the stocks increased, decreased, or suspended their dividends. I also had charts on what stocks that I followed that had the most increased or decreased stock prices. 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.
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 June 2026 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 10 year median dividend yields (P/10Y). This is a change from what I was doing before as I was doing the historical median before this blog posting.
I follow 20 stocks in the Consumer Discretionary category. Three of these stocks (15%) are showing as cheap by the historically high dividend yield. They are BRP Inc (TSX-DOO, NASDAQ-DOOO), Molson Coors Canada (TSX-TPX.B, NYSE-TAP) and TWC Enterprises Ltd (TSX-TWC, OTC-CLKXF). There is no change from last month.
Eleven (55%) of Consumer Discretionary are showing cheap by 10 year median dividend yield. They are BRP Inc (TSX-DOO, NASDAQ-DOOO), Canadian Tire Corp (TSX-CTC.A, OTC-CDNAF), 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), Richards Group Inc (TSX-RIC, OTC-RPKIF), Richelieu Hardware Ltd (TSX-RCH, OTC-RHUHF), Thomson Reuters Corp (TSX-TRI, NASDAQ-TRI) and TWC Enterprises Ltd (TSX-TWC, OTC-CLKXF). There is no change from last month.
I follow 13 Consumer Staples stocks. One stocks (8%) are showing as cheap by the historically high dividend yield. It is Alimentation Couche-Tard (TSX-ATD.B, OTC-ANCUF). Alimentation Couche-Tard (TSX-ATD.B, OTC-ANCUF) has been added to this list.
Ten stocks (77%) are showing cheap by 10 year 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), Metro Inc (TSX-MRU, OTC-MTRAF), Premium Brands Holdings Corp (TSX-PBH, OTC-PRBZF), and Saputo Inc. (TSX-SAP, OTC-SAPIF). KP Tissue Inc (TSX-KPT, NYSE-KPTSF) has been added to this list.
I follow Six Health Care stocks. One of these stocks (17%) is showing as cheap by the historically high dividend yield. It is Medtronic Inc. (NYSE-MDT). There is no change from last month.
One stock (17%) is cheap by the 10 year median dividend yield. The stock is 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 two stocks (25%) showing as cheap by 10 year median dividend yield. They are Cenovus Energy Inc (TSX-CVE, NYSE-CVE), and Ovintiv Inc (TSX-OVV, OTC-OVV). I have added Ovintiv Inc (TSX-OVV, OTC-OVV) to this list. I should have added it last month rather than Mullen Group (TSX-MTL, OTC-MLLGF).
I follow 26 Financial stocks under the categories of Banks (7), Financial Services (14), 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.
No stocks (0%) are showing as cheap by 10 year median dividend yield. There is no change from last month.
I follow 14 Financial Service stocks. No stock (0%) is showing as cheap by the historically high dividend yield. Firm Capital Mortgage Invest. Corp (TSX-FCR.UN, OTC-FCMGF) has been removed from this list.
Five stocks (36%) are showing as cheap by the 10 year median dividend yield. These stocks are Atrium Mortgage Investment Corp (TSX-AI, OTC-AMIVF), Element Fleet Management Corp (TSX-EFN, OTC-ELEEF), EQB Inc (TSX-EQB, OTC-EQGPF), Firm Capital Mortgage Invest. Corp (TSX-FCR.UN, OTC-FCMGF), and Propel Holding Inc (TSX-PRL, OTC- PRLPF). Element Fleet Management Corp (TSX-EFN, OTC-ELEEF) has been added to this list. Goeasy Ltd (TSX-GSY, OTC-EHMEF) 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.
No stocks (0%) are showing as cheap by 10 year median dividend yield. There is no change from last month.
I follow 32 Industrial stocks. Because I have so many in 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).
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 10 year 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 10 year 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 10 year median dividend yield. It is Exco Technologies Ltd. (TSX-XTC, OTC-EXCOF). There is no change from last month.
I follow 17 Services stocks. Three stocks (18%) are showing as cheap by the historically high dividend yield. They is Canadian National Railway (TSX-CNR, NYSE-CNI), GFL Environmental Inc (TSX-GFL, NYSE-GFL) and Transcontinental Inc (TSX-TCL.A, OTC-TCLAF). GFL Environmental Inc (TSX-GFL, NYSE-GFL) has been added to this list.
Seven stock (41%) are showing as cheap by 10 year median dividend yield. They are Canadian National Railway (TSX-CNR, NYSE-CNI), Dexterra Group Inc (TSX-DXT, OTC-HZNOF), Pulse Seismic Inc (TSX-PSD, OTC-PLSDF), Transcontinental Inc (TSX-TCL.A, OTC-TCLAF), and Trican Well Service Ltd (TSX-TCW, OTC-TOLWF), Waste Connections Inc (TSX-WCN, NYSE-WCN), and Cargojet Inc (TSX-CJT, OTC-CGJTF).
Canadian Pacific Kansas City Ltd (TSX-CP, NYSE-CP), McCoy Global Inc (TSX-MCB, OTC-MCCRF), and Pason Systems Inc (TSX-PSI, OTC-PSYTF) have been removed from this list and Cargojet Inc (TSX-CJT, OTC-CGJTF) has been added to this list.
I follow 10 Material stocks. No stock (0%) is showing as cheap by the historically high dividend yield. Barrick Mining Corp (TSX-ABX, NYSE-B) has been removed from this list.
Five stock (50%) are showing as cheap by 10 year median dividend yield. They are Adentra Inc (TSX-ADEN, OTC-HDIUF), Barrick Mining Corp (TSX-ABX, NYSE-B), CCL Industries (TSX-CCL.B, OTC-CCDBF), Stella-Jones (TSX-SJ, OTC-STLJF), and Supremex Inc (TSX-SXP, OTC-SUMXF). There is no change from last month.
I follow 9 Real Estate stocks. No stock (0%) is showing as cheap by historically high dividend yield. There is no change from last month.
Three stocks (33%) are showing as cheap by 10 year median dividend yield. They are Allied Properties REIT (TSX-AP.UN, OTC-APYRF), FirstService Corp (TSX-FSV, NASDAQ-FSV), and SmartCentres REIT (TSX-SRU.UN, OTC-CWYUF). There is no change from last month.
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.
Three stocks (75%) are showing cheap by 10 year median dividend yield. These stocks are 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 10 year 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.
No stock (0%) is showing cheap by 10 year median dividend yield. Enbridge Inc. (TSX-ENB, NYSE-ENB) has been removed from this list. 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.
One stock (13%) is showing as cheap by 10 year median dividend yield. It is Boralex Inc (TSX-BLX, OTC-BRLXF). ATCO Ltd (TSX-ACO.X, OTC-ACLLF) has been removed from this list.
On my other blog I wrote yesterday about Hammond Power Solutions Inc (TSX-HPS.A, OTC-HMDPF) ... learn more. Next, I will write about Pizza Pizza Royalty Corp (TSX-PZA, OTC-PZRIF) ... learn more on Friday, June 5, 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.
Thursday, June 4, 2026
Tuesday, June 2, 2026
Dividend Stocks June 2026
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 June 2025. On this list,
Bank of Montreal (TSX-BMO, NYSE-BMO)
Bank of Nova Scotia (TSX-BNS, NYSE-BNS)
Cenovus Energy Inc (TSX CVE, NYSE-CVE)
Finning International Inc (TSX-FTT, OTC-FINGF)
Hydro One Ltd (TSX-H, OTC-HRNNF)
IA Financial Corp (TSX-IAG, OTC-IDLLF)
KP Tissue Inc (TSX-KPT, NYSE-KPTSF)
Loblaw Companies (TSX-L, OTC-LBLCF)
National Bank of Canada (TSX-NA, OTC-NTIOF)
Pembina Pipeline Corp (TSX-PPL, NYSE-PBA)
Propel Holding Inc (TSX-PRL, OTC-PRLPF)
Royal Bank of Canada (TSX-RY, NYSE-RY)
Sun Life Financial (TSX-SLF, NYSE-SLF)
Toronto Dominion Bank (TSX-TD, NYSE-TD)
Of the stocks I follow, 2 stocks have cut their dividends.
Barrick Mining Corp (TSX-ABX, NYSE-B)
Pizza Pizza Royalty Corp (TSX-PZA, OTC-PZRIF)
Of the stocks I follow, 3 stocks have suspended or terminated their dividend.
Ag Growth International (TSX-AFN, OTC-AGGZF)
McCoy Global Inc (TSX-MCB, OTC-MCCRF)
Goeasy Ltd (TSX-GSY, OTC-EHMEF)
This month for the stocks I follow, 19.21% moved more than 10%. The 10% increases were at 11.92% and the declines at 7.28%. Last month for the stocks I follow, 25.83% moved more than 10%. The 10% increases were at 22.52% and the declines at 3.31%
Of the stocks I follow, the following declined the most in their stock price. Of the stocks I follow, 39.07% had declining stock prices. Last month 35.10% of the stock had declining prices. The following chart shows the top 10 decliners.
Of the stock that I follow, these stocks gained the most in their stock price. Of the stock I follow, 56.95% had increasing stock price. And, 3.97 % or 6 stock had the same stock price as last month. Last month 63.58% of the stocks had increasing prices with 1.32% or 2 stocks of the stocks with the same price.
Most of my stocks started out as Dividend Payers. Currently 13 stocks are not paying any dividends and this would be some 8.67% of the stocks that I follow. Four of these stocks never had dividends, so 6.00% of the stocks I follow have suspended or do not pay a dividend. The four stocks that never paid dividends are Ballard Power Systems Inc. (TSX-BLD, NASDAQ-BLDP), Blackberry Ltd. (TSX-BB, NASDAQ-BBRY), Trigon Metals Inc. (TSX-TM, OTC-PNTZF) and Well Health Technologies Corp (TSX-WELL, OTCQX-WHTCF).
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.
ee 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 Ag Growth International (TSX-AFN, OTC-AGGZF) ... learn more. Next, I will write about Hammond Power Solutions Inc (TSX-HPS.A, OTC-HMDPF) ... learn more on Wednesday, June 3, 2026 around 5 pm.
T>his 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.
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 June 2025. On this list,
- I have 12 stocks with a dividend yield higher than the historical high dividend yield,
- I have 55 stocks with a dividend yield higher than the historical median dividend yield
- I have 9 stocks with a dividend yield higher than the 10 year high dividend yield and
- I have 52 stocks with a dividend yield higher than the 10 year average dividend yield.
- I have 12 stocks with a dividend yield higher than the historical high dividend yield,
- I have 52 stocks with a dividend yield higher than the historical median dividend yield
- I have 9 stocks with a dividend yield higher than the 10 year high dividend yield and
- I have 54 stocks with a dividend yield higher than the 10 year average dividend yield.
- 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
- I had 39 stocks with a dividend yield higher than the 5 year median dividend yield.
Bank of Montreal (TSX-BMO, NYSE-BMO)
Bank of Nova Scotia (TSX-BNS, NYSE-BNS)
Cenovus Energy Inc (TSX CVE, NYSE-CVE)
Finning International Inc (TSX-FTT, OTC-FINGF)
Hydro One Ltd (TSX-H, OTC-HRNNF)
IA Financial Corp (TSX-IAG, OTC-IDLLF)
KP Tissue Inc (TSX-KPT, NYSE-KPTSF)
Loblaw Companies (TSX-L, OTC-LBLCF)
National Bank of Canada (TSX-NA, OTC-NTIOF)
Pembina Pipeline Corp (TSX-PPL, NYSE-PBA)
Propel Holding Inc (TSX-PRL, OTC-PRLPF)
Royal Bank of Canada (TSX-RY, NYSE-RY)
Sun Life Financial (TSX-SLF, NYSE-SLF)
Toronto Dominion Bank (TSX-TD, NYSE-TD)
Of the stocks I follow, 2 stocks have cut their dividends.
Barrick Mining Corp (TSX-ABX, NYSE-B)
Pizza Pizza Royalty Corp (TSX-PZA, OTC-PZRIF)
Of the stocks I follow, 3 stocks have suspended or terminated their dividend.
Ag Growth International (TSX-AFN, OTC-AGGZF)
McCoy Global Inc (TSX-MCB, OTC-MCCRF)
Goeasy Ltd (TSX-GSY, OTC-EHMEF)
This month for the stocks I follow, 19.21% moved more than 10%. The 10% increases were at 11.92% and the declines at 7.28%. Last month for the stocks I follow, 25.83% moved more than 10%. The 10% increases were at 22.52% and the declines at 3.31%
Of the stocks I follow, the following declined the most in their stock price. Of the stocks I follow, 39.07% had declining stock prices. Last month 35.10% of the stock had declining prices. The following chart shows the top 10 decliners.
| Name | Exch | Sym | Exch | Sym | Chge SP |
|---|---|---|---|---|---|
| Accord Financial Corp | TSX | ACD | OTC | ACCFF | -56.08% |
| Obsidian Energy Ltd | TSX | OBE | NYSE | OBE | -21.65% |
| Pulse Seismic Inc. | TSX | PSD | OTC | PLSDF | -18.25% |
| Stantec Inc | TSX | STN | NYSE | STN | -16.19% |
| McCoy Global Inc | TSX | MCB | OTC | MCCRF | -15.00% |
| Element Fleet | TSX | EFN | OTC | ELEEF | -14.18% |
| WSP Global Inc. | TSX | WSP | OTC | WSPOF | -13.99% |
| Wajax Corp | TSX | WJX | OTC | WJXFF | -13.44% |
| Aecon Group Inc | TSX | ARE | OTC | AEGXF | -12.93% |
| AtkinsRéalis Group Inc | TSX | ATRL | OTC | SNCAF | -12.26% |
Of the stock that I follow, these stocks gained the most in their stock price. Of the stock I follow, 56.95% had increasing stock price. And, 3.97 % or 6 stock had the same stock price as last month. Last month 63.58% of the stocks had increasing prices with 1.32% or 2 stocks of the stocks with the same price.
| Name | Exch | Sym | Exch | Sym | Chge SP |
|---|---|---|---|---|---|
| TransAlta Corp | TSX | TA | NYSE | TAC | 16.00% |
| Teck Resources Ltd | TSX | TECK.B | NYSE | TECK | 16.03% |
| Quebecor Inc | TSX | QBR.B | OTC | QBCRF | 16.88% |
| Russel Metals | TSX | RUS | OTC | RUSMF | 18.19% |
| Exchange Income Corp | TSX | EIF | OTC | EIFZF | 20.83% |
| Goeasy Ltd | TSX | GSY | OTC | EHMEF | 23.57% |
| Calian Group Ltd. | TSX | CGY | OTC | CLNFF | 29.21% |
| Quarterhill Inc | TSX | QTRH | OTCQX | QTRHF | 43.62% |
| Blackberry Ltd. (RIM) | TSX | BB | NYSE | BB | 67.93% |
| Ballard Power Systems | TSX | BLDP | NASDAQ | BLDP | 88.70% |
Most of my stocks started out as Dividend Payers. Currently 13 stocks are not paying any dividends and this would be some 8.67% of the stocks that I follow. Four of these stocks never had dividends, so 6.00% of the stocks I follow have suspended or do not pay a dividend. The four stocks that never paid dividends are Ballard Power Systems Inc. (TSX-BLD, NASDAQ-BLDP), Blackberry Ltd. (TSX-BB, NASDAQ-BBRY), Trigon Metals Inc. (TSX-TM, OTC-PNTZF) and Well Health Technologies Corp (TSX-WELL, OTCQX-WHTCF).
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.
ee 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 Ag Growth International (TSX-AFN, OTC-AGGZF) ... learn more. Next, I will write about Hammond Power Solutions Inc (TSX-HPS.A, OTC-HMDPF) ... learn more on Wednesday, June 3, 2026 around 5 pm.
T>his 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, May 28, 2026
Speziale on TFSAs
Robin Speziale on his site Capital Compounders talk about how much Canadians have in their TFSA accounts.
I am personally over the $200,000 mark, but quite short of the $1,000,000 mark he talks about. I am dealing differently with this account than I did with by RRSP accounts. I am using this account as my fooling around money. When I was building my RRSP accounts for retirement I went from mutual funds to buying just dividend paying Canadian stocks. Good news, bad news. I did very well in my RRSP account and now that I am taking money out of it, I am sending half directly to the government.
On my other blog I wrote yesterday about Mullen Group Ltd (TSX-MTL, OTC-MLLGF) ... learn more. Next, I will write about Canadian Utilities Ltd (TSX-CU, OTC-CDUAF) ... learn more on Friday, May 17, 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.
I am personally over the $200,000 mark, but quite short of the $1,000,000 mark he talks about. I am dealing differently with this account than I did with by RRSP accounts. I am using this account as my fooling around money. When I was building my RRSP accounts for retirement I went from mutual funds to buying just dividend paying Canadian stocks. Good news, bad news. I did very well in my RRSP account and now that I am taking money out of it, I am sending half directly to the government.
On my other blog I wrote yesterday about Mullen Group Ltd (TSX-MTL, OTC-MLLGF) ... learn more. Next, I will write about Canadian Utilities Ltd (TSX-CU, OTC-CDUAF) ... learn more on Friday, May 17, 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, May 26, 2026
Behavioural Investment
I found the newsletter on Behavioural Investment for April 2026 to be quite interesting.
On my other blog I wrote yesterday about Power Corp of Canada (TSX-POW, OTC-PWCDF) ... learn more. Next, I will write about Mullen Group Ltd (TSX-MTL, OTC-MLLGF) ... learn more on Wednesday, May 27, 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 Power Corp of Canada (TSX-POW, OTC-PWCDF) ... learn more. Next, I will write about Mullen Group Ltd (TSX-MTL, OTC-MLLGF) ... learn more on Wednesday, May 27, 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, May 21, 2026
Talk About Tipping
I had to take my computer into a shop to get fixed today. Good job I have 3P Computing on the Danforth. It was in by 11:00 and out by 4:00.
There is a recent Money Sense article about tipping. It is called “Tipping in tough times: How to tip without overspending”.
On my other blog I wrote yesterday about Fortis Inc (TSX-FTS, OTC-FRTSF) ... learn more. Next, I will write about McCoy Global Inc (TSX-MCB, OTC-MCCRF) ... learn more on Friday, May 22, 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.
There is a recent Money Sense article about tipping. It is called “Tipping in tough times: How to tip without overspending”.
On my other blog I wrote yesterday about Fortis Inc (TSX-FTS, OTC-FRTSF) ... learn more. Next, I will write about McCoy Global Inc (TSX-MCB, OTC-MCCRF) ... learn more on Friday, May 22, 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, May 19, 2026
Wolf of Oakville Review
In this article, the Wolfe of Oakville talks about says what stocks he reviewed last month.
On my other blog I wrote yesterday about AtkinsRealis Group Inc (TSX-ATRL, OTC-SNCAF) ... learn more. Next, I will write about Fortis Inc (TSX-FTS, OTC-FRTSF) ... learn more on Wednesday, May 20, 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 AtkinsRealis Group Inc (TSX-ATRL, OTC-SNCAF) ... learn more. Next, I will write about Fortis Inc (TSX-FTS, OTC-FRTSF) ... learn more on Wednesday, May 20, 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, May 14, 2026
Long Term Mindset by Brian
To sign up for this newsletter click here. I get this newsletter and it is often very interesting. Here is a recent copy.
📚 Saturday Stock School is now in session!
The mission of this newsletter is to demystify stock investing.
Each Saturday, you'll receive a short email with a stock investing lesson.
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Many of the lessons we cover in Saturday Stock School are black and white.
Reading a balance sheet and determining a company’s cash position or debt load is straightforward.
Finding the P/E and P/S ratios is a calculation with clear, correct answers.
Other things are not so straightforward. Evaluating a business’s economic moat or a company’s culture is arguably more art than science.
Yet even with these types of tasks, other investors can assist you and offer credible opinions (that is why we find our own Long Term Mindset community so valuable!).
But there is one fundamental question that only you can answer: What kind of investor are you?
Rodin's The Thinker
To thine own self be true
More than anything else, there might not be a more important question to answer for investors.
Why is it so important?
Stock market corrections (defined as drops of at least 10%) are relatively common. According to research from Charles Schwab, 10% or more pullbacks occurred in 10 of the past 20 years.
Individual stocks suffer even worse bouts of volatility. One of the worst things investors can do is sell in a moment of panic, yet fear will cause many investors to make unforced errors during these downturns.
No matter how well investors value companies, discover moats, and evaluate management teams, if they sell every time the market drops, they will never outperform the market.
This is why we believe Shakespeare’s advice is paramount for investors (even if we’re taking this a little out of context):
“This above all: To thine own self be true.”
The two big questions
This matters in a myriad of ways, but two rise above the rest in matters of importance:
1 - Stylistically, what kind of investor are you?
Many investors self-identify as growth investors. They don’t mind paying up for potential growth. Many of these investors will hold a few big winners, and the gains will more than compensate for many stocks that end up as duds.
More conservative investors prefer investing for income, finding stocks with growing and sustainable dividends.
Other investors are more value-oriented. They look for stocks selling lower than their perceived intrinsic value. They will buy with a margin of safety and sell as the price exceeds its intrinsic value.
No investing style is definitively better or worse than the other, though each will go in and out of the market’s favor. Investors in each category have made lots of money.
What’s important is that investors find the style that suits them best because when their style goes out of favor, they must hold through the hard times.
2 - How many stocks should you own?
Another area where this question reigns supreme is the number of stocks one should own in one's portfolio.
Again, there is no right or wrong answer. It’s much more a matter of what makes an investor comfortable.
Some investors, such as Peter Lynch, are comfortable owning hundreds of stocks. This minimizes the loss from a single position and adds diversity to a portfolio.
Other investors are much more comfortable owning a concentrated portfolio, where gains from just a few positions can drive significant returns. These investors are comfortable giving up some diversification in exchange for knowing a few companies well.
Like before, it’s essential to know what kind of investor you are so you won’t make an unforced error during a downturn.
For some investors, running a concentrated portfolio will cause them to worry about the relative size of each position. This worry can easily cloud investors’ judgments when the company misses earnings or is downgraded by an analyst.
For other investors, owning hundreds of positions can lead to panicked selling because they don’t know all their holdings well. This leads to concern as stocks fail without investors' confidence to discern whether it’s a long-term buying opportunity.
The answers to these questions highlight why investors must know and understand themselves to succeed. Trying to mimic another’s strategy or philosophy may work in the good times, but it is doomed to fail when the inevitable bear market hits.
See you next Saturday! - Brian Feroldi & Brian Stoffel
On my other blog I wrote yesterday about Thomson Reuters Corp (TSX-TRI, NASDAQ-TRI) ... learn more. Next, I will write about WSP Global Inc (TSX-WSP, OTC-WSPOF) ... learn more on Friday, May 15, 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.
The mission of this newsletter is to demystify stock investing.
Each Saturday, you'll receive a short email with a stock investing lesson.
----------------------------------------------------------------------------------------------------------
Many of the lessons we cover in Saturday Stock School are black and white.
Reading a balance sheet and determining a company’s cash position or debt load is straightforward.
Finding the P/E and P/S ratios is a calculation with clear, correct answers.
Other things are not so straightforward. Evaluating a business’s economic moat or a company’s culture is arguably more art than science.
Yet even with these types of tasks, other investors can assist you and offer credible opinions (that is why we find our own Long Term Mindset community so valuable!).
But there is one fundamental question that only you can answer: What kind of investor are you?
More than anything else, there might not be a more important question to answer for investors.
Why is it so important?
Stock market corrections (defined as drops of at least 10%) are relatively common. According to research from Charles Schwab, 10% or more pullbacks occurred in 10 of the past 20 years.
Individual stocks suffer even worse bouts of volatility. One of the worst things investors can do is sell in a moment of panic, yet fear will cause many investors to make unforced errors during these downturns.
No matter how well investors value companies, discover moats, and evaluate management teams, if they sell every time the market drops, they will never outperform the market.
This is why we believe Shakespeare’s advice is paramount for investors (even if we’re taking this a little out of context):
“This above all: To thine own self be true.”
The two big questions
This matters in a myriad of ways, but two rise above the rest in matters of importance:
1 - Stylistically, what kind of investor are you?
Many investors self-identify as growth investors. They don’t mind paying up for potential growth. Many of these investors will hold a few big winners, and the gains will more than compensate for many stocks that end up as duds.
More conservative investors prefer investing for income, finding stocks with growing and sustainable dividends.
Other investors are more value-oriented. They look for stocks selling lower than their perceived intrinsic value. They will buy with a margin of safety and sell as the price exceeds its intrinsic value.
No investing style is definitively better or worse than the other, though each will go in and out of the market’s favor. Investors in each category have made lots of money.
What’s important is that investors find the style that suits them best because when their style goes out of favor, they must hold through the hard times.
2 - How many stocks should you own?
Another area where this question reigns supreme is the number of stocks one should own in one's portfolio.
Again, there is no right or wrong answer. It’s much more a matter of what makes an investor comfortable.
Some investors, such as Peter Lynch, are comfortable owning hundreds of stocks. This minimizes the loss from a single position and adds diversity to a portfolio.
Other investors are much more comfortable owning a concentrated portfolio, where gains from just a few positions can drive significant returns. These investors are comfortable giving up some diversification in exchange for knowing a few companies well.
Like before, it’s essential to know what kind of investor you are so you won’t make an unforced error during a downturn.
For some investors, running a concentrated portfolio will cause them to worry about the relative size of each position. This worry can easily cloud investors’ judgments when the company misses earnings or is downgraded by an analyst.
For other investors, owning hundreds of positions can lead to panicked selling because they don’t know all their holdings well. This leads to concern as stocks fail without investors' confidence to discern whether it’s a long-term buying opportunity.
The answers to these questions highlight why investors must know and understand themselves to succeed. Trying to mimic another’s strategy or philosophy may work in the good times, but it is doomed to fail when the inevitable bear market hits.
See you next Saturday! - Brian Feroldi & Brian Stoffel
On my other blog I wrote yesterday about Thomson Reuters Corp (TSX-TRI, NASDAQ-TRI) ... learn more. Next, I will write about WSP Global Inc (TSX-WSP, OTC-WSPOF) ... learn more on Friday, May 15, 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.
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