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. 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). There is no change from last month.
Nine (45%) 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), 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). Goodfellow Inc (TSX-GDL, OTC-GFELF) has been removed from this list.
I follow 13 Consumer Staples stocks. No stocks (0%) are showing as cheap by the historically high dividend yield. Alimentation Couche-Tard (TSX-ATD.B, OTC-ANCUF) has been removed from this list.
Nine stocks (69%) 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), 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. None of these stocks (0%) is showing as cheap by the historically high dividend yield. There is no change from last month.
One stocks (17%) are cheap by the historical 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 four stocks (50%) 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), and Ovintiv Inc (TSX-OVV, OTC-OVV). Suncor Energy (TSX-SU, NYSE-SU) has been removed from this list.
I follow 27 Financial stocks under the categories of Banks (7), Financial Services (15), and Insurance (5). RFA Financial Inc (TSX-RFA, OTCQX-RFAFF) has been added to the Financial Services list and Artis Real REIT was be removed from the Real Estate section.
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). There is no change from last month.
I follow 14 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.
Seven stocks (50%) 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), Power Corp (TSX-POW, OTC-PWCDF), and Propel Holding Inc (TSX-PRL, OTC- PRLPF). Propel Holding Inc (TSX-PRL, OTC- PRLPF) has been added to this list.
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.
Three stocks (60%) are showing as cheap by historical median dividend yield. These stocks are Great-West Lifeco Inc (TSX-GWO, OTC-GWLIF), 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. 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 (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. 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.
Six stock (33%) 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), and Trican Well Service Ltd (TSX-TCW, OTC-TOLWF). Wajax Corp (TSX-WJX, OTC-WJXFF) 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. They are Barrick Mining Corp (TSX-ABX, NYSE-B) and Stella-Jones (TSX-SJ, OTC-STLJF). Barrick Mining Corp (TSX-ABX, NYSE-B) has been added to this list.
I follow 9 Real Estate stocks. Artis Real REIT has been removed from this list. See Financials above. No stock (0%) is showing as cheap by historically high dividend yield. There is no change from last month.
Four stocks (44%) are showing as cheap by historical median dividend yield. They are Allied Properties REIT (TSX-AP.UN, OTC-APYRF), FirstService Corp (TSX-FSV, NASDAQ-FSV), Melcor Developments Inc. and (TSX-MRD, OTC-MODVF), and SmartCentres REIT (TSX-SRU.UN, OTC-CWYUF). Allied Properties REIT (TSX-AP.UN, OTC-APYRF) has been added 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.
One stocks (13%) is showing cheap by historical median dividend yield. It is are Enbridge Inc. (TSX-ENB, NYSE-ENB). TC Energy Corp (TSX-TRP, NYSE-TRP) 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.
Two stocks (25%) are showing as cheap by historical median dividend yield. Those stocks are ATCO Ltd (TSX-ACO.X, OTC-ACLLF), and Boralex Inc (TSX-BLX, OTC-BRLXF). Canadian Utilities Ltd (TSX-CU, OTC-CDUAF) has been removed from this list.
On my other blog I wrote yesterday about Choice Properties REIT (TSX-CHP.UN, OTC-PPRQF) ... learn more. Next, I will write about Canadian Tire Corp (TSX-CTC.A, OTC-CDNAF) ... learn more on Friday, March 13, 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, March 12, 2026
Tuesday, March 10, 2026
Dividend Stocks March 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 March 2025. On this list,
Aecon Group Inc (TSX-ARE, OTC-AEGXF)
Agnico Eagle Mines Ltd (TSX-AEM, NYSE-AEM)
Algoma Central Corporation (TSX-ALC, OTC-AGMJF)
Barrick Mining Corp (TSX-ABX, NYSE-B)
Brookfield Corp (TSX-BN, NYSE-BN)
Canadian Natural Resources (TSX-CNQ, NYSE-CNQ)
CCL Industries (TSX-CCL.B, OTC-CCDBF)
Element Fleet Management Corp (TSX-EFN , OTC-ELEEF)
FirstService Corp (TSX-FSV, NASDAQ-FSV)
Great-West Lifeco Inc (TSX-GWO, OTC-GWLIF)
IGM Financial (TSX-IGM, OTC-IGIFF)
Intact Financial Corp (TSX-IFC, OTC-IFCZF)
Lassonde Industries (TSX-LAS.A, OTC-LSDAF)
Magna International Inc. (TSX-MG-NYSE-MGA)
Manulife Financial Corp (TSX-MFC, NYSE-MFC)
Molson Coors Canada (TSX-TPX.B, NYSE-TAP)
Propel Holding Inc (TSX-PRL, OTC-PRLPF)
Quebecor Inc (TSX-QBR.B, OTC-QBCRF)
Stantec Inc (TSX-STN, NYSE-STN)
Stella-Jones (TSX-SJ, OTC-STLJF)
TC Energy Corp (TSX-TRP, NYSE-TRP)
Thomson Reuters Corp (TSX-TRI, NASDAQ-TRI)
TMX Group Ltd (TSX-X, OTC-TMXXF)
Toromont Industries Ltd (TSX-TIH, OTC-TMTNF)
TransAlta Corp (TSX-TA, NYSE-TAC)
TWC Enterprises Ltd (TSX-TWC, OTC-CLKXF)
Of the stocks I follow, 1 stock has cut their dividends.
Goodfellow Inc (TSX-GDL, OTC-GFELF) (Note Goodfellow just declares their dividend rather than having increases and decreases.)
Of the stocks I follow, 0 stock have suspended or terminated their dividend.
I will include RFA Financial in my list and decide later what to follow. This is because effective February 1, 2026, Artis Real Estate Investment Trust combined with RFA Capital Inc. to form RFA Financial Inc., a TSX-listed diversified financial services company. For more information on RFA Financial Inc., please visit our new home at RFA Financial.
Under the terms of the Arrangement, Artis common unitholders received one pre-consolidation RFA common share for each Artis common unit held. As the final step of the Arrangement, following the exchange of Artis common units for pre-consolidation RFA common shares, the RFA common shares were consolidated on the basis of one post-consolidation RFA common share for every three pre-consolidation common shares. See Terms.
I noted that there were a lot of stocks with big movements. For the stocks I follow, 30.7% moved more than 10%. The 10% increases were at 19.6% and the declines at 11.1%.
Of the stocks I follow, the following declined the most in their stock price. Of the stocks I follow, 35.29% had declining stock prices. Last month 41.83% 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, 64.05% had increasing stock price. And, 0.65 % or 1 stock had the same stock price as last month. Last month 56.21% of the stocks had increasing prices with 1.96% or 3 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 8.33% of the stocks that I follow. Four of these stocks never had dividends, so 5.77% 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.
See my entry on my methodology in establishing the historical dividend yield highs and lows for the stocks that I cover. I have an entry on my introduction to Dividend Growth. You might want to look at my original entry on Dividend Growth Stocks. I have also written about why I like Dividend Growth companies.
On my other blog I wrote yesterday about IGM Financial Inc (TSX-IGM, OTC-IGIFF) ... learn more. Next, I will write about Choice Properties REIT (TSX-CHP.UN, OTC-PPRQF) ... learn more on Wednesday, March 11, 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 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 March 2025. On this list,
- I have 7 stocks with a dividend yield higher than the historical high dividend yield,
- I have 57 stocks with a dividend yield higher than the historical median dividend yield
- I have 6 stocks with a dividend yield higher than the 10 year high dividend yield and
- I have 60 stocks with a dividend yield higher than the 10 year average dividend yield.
- I have 8 stocks with a dividend yield higher than the historical high dividend yield,
- I have 60 stocks with a dividend yield higher than the historical median dividend yield
- I have 8 stocks with a dividend yield higher than the 10 year high dividend yield and
- I have 64 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.
Aecon Group Inc (TSX-ARE, OTC-AEGXF)
Agnico Eagle Mines Ltd (TSX-AEM, NYSE-AEM)
Algoma Central Corporation (TSX-ALC, OTC-AGMJF)
Barrick Mining Corp (TSX-ABX, NYSE-B)
Brookfield Corp (TSX-BN, NYSE-BN)
Canadian Natural Resources (TSX-CNQ, NYSE-CNQ)
CCL Industries (TSX-CCL.B, OTC-CCDBF)
Element Fleet Management Corp (TSX-EFN , OTC-ELEEF)
FirstService Corp (TSX-FSV, NASDAQ-FSV)
Great-West Lifeco Inc (TSX-GWO, OTC-GWLIF)
IGM Financial (TSX-IGM, OTC-IGIFF)
Intact Financial Corp (TSX-IFC, OTC-IFCZF)
Lassonde Industries (TSX-LAS.A, OTC-LSDAF)
Magna International Inc. (TSX-MG-NYSE-MGA)
Manulife Financial Corp (TSX-MFC, NYSE-MFC)
Molson Coors Canada (TSX-TPX.B, NYSE-TAP)
Propel Holding Inc (TSX-PRL, OTC-PRLPF)
Quebecor Inc (TSX-QBR.B, OTC-QBCRF)
Stantec Inc (TSX-STN, NYSE-STN)
Stella-Jones (TSX-SJ, OTC-STLJF)
TC Energy Corp (TSX-TRP, NYSE-TRP)
Thomson Reuters Corp (TSX-TRI, NASDAQ-TRI)
TMX Group Ltd (TSX-X, OTC-TMXXF)
Toromont Industries Ltd (TSX-TIH, OTC-TMTNF)
TransAlta Corp (TSX-TA, NYSE-TAC)
TWC Enterprises Ltd (TSX-TWC, OTC-CLKXF)
Of the stocks I follow, 1 stock has cut their dividends.
Goodfellow Inc (TSX-GDL, OTC-GFELF) (Note Goodfellow just declares their dividend rather than having increases and decreases.)
Of the stocks I follow, 0 stock have suspended or terminated their dividend.
I will include RFA Financial in my list and decide later what to follow. This is because effective February 1, 2026, Artis Real Estate Investment Trust combined with RFA Capital Inc. to form RFA Financial Inc., a TSX-listed diversified financial services company. For more information on RFA Financial Inc., please visit our new home at RFA Financial.
Under the terms of the Arrangement, Artis common unitholders received one pre-consolidation RFA common share for each Artis common unit held. As the final step of the Arrangement, following the exchange of Artis common units for pre-consolidation RFA common shares, the RFA common shares were consolidated on the basis of one post-consolidation RFA common share for every three pre-consolidation common shares. See Terms.
I noted that there were a lot of stocks with big movements. For the stocks I follow, 30.7% moved more than 10%. The 10% increases were at 19.6% and the declines at 11.1%.
Of the stocks I follow, the following declined the most in their stock price. Of the stocks I follow, 35.29% had declining stock prices. Last month 41.83% of the stock had declining prices. The following chart shows the top 10 decliners.
| Name | Exch | Sym | Exch | Sym | Chge SP |
|---|---|---|---|---|---|
| Allied Properties REIT | TSX | AP.UN | OTC | APYRF | -35.66% |
| RFA Financial Inc | TSX | RFA | OTCQX | RFAFF | -27.33% |
| Trigon Metals Inc. | TSXV | TM | OTC | PNTZF | -21.57% |
| Barclays PLC ADR | LSE | BARC | NYSE | BCS | -18.28% |
| Propel Holding Inc | TSX | PRL | OTC | PRLPF | -17.64% |
| Dorel Industries | TSX | DII.B | OTC | DIIBF | -17.09% |
| Computer Modelling | TSX | CMG | OTC | CMDXF | -16.77% |
| WSP Global Inc. | TSX | WSP | OTC | WSPOF | -14.61% |
| McCoy Global Inc | TSX | MCB | OTC | MCCRF | -14.38% |
| Ballard Power Systems | TSX | BLDP | NASDAQ | BLDP | -13.79% |
Of the stock that I follow, these stocks gained the most in their stock price. Of the stock I follow, 64.05% had increasing stock price. And, 0.65 % or 1 stock had the same stock price as last month. Last month 56.21% of the stocks had increasing prices with 1.96% or 3 stocks of the stocks with the same price.
| Name | Exch | Sym | Exch | Sym | Chge SP |
|---|---|---|---|---|---|
| Agnico Eagle Mines Ltd | TSX | AEM | NYSE | AEM | 15.94% |
| South Bow Corp | TSX | SOBO | NYSE | SOBO | 17.55% |
| Obsidian Energy Ltd | TSX | OBE | NYSE | OBE | 17.68% |
| Quebecor Inc | TSX | QBR.B | OTC | QBCRF | 17.70% |
| Pulse Seismic Inc. | TSX | PSD | OTC | PLSDF | 18.28% |
| Quarterhill Inc | TSX | QTRH | OTCQX | QTRHF | 18.68% |
| Wajax Corp | TSX | WJX | OTC | WJXFF | 19.07% |
| Ovintiv Inc | TSX | OVV | OTC | OVV | 20.03% |
| Calian Group Ltd. | TSX | CGY | OTC | CLNFF | 23.63% |
| Canadian Natural Res | TSX | CNQ | NYSE | CNQ | 24.35% |
Most of my stocks started out as Dividend Payers. Currently 13 stocks are not paying any dividends and this would be some 8.33% of the stocks that I follow. Four of these stocks never had dividends, so 5.77% 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.
See my entry on my methodology in establishing the historical dividend yield highs and lows for the stocks that I cover. I have an entry on my introduction to Dividend Growth. You might want to look at my original entry on Dividend Growth Stocks. I have also written about why I like Dividend Growth companies.
On my other blog I wrote yesterday about IGM Financial Inc (TSX-IGM, OTC-IGIFF) ... learn more. Next, I will write about Choice Properties REIT (TSX-CHP.UN, OTC-PPRQF) ... learn more on Wednesday, March 11, 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 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, February 19, 2026
Intact Financial and In the Money
Amber Kanwar on In The Money talks about Intact Financial which I will be reviewing on February 23, 2026
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 Toromont Industries Ltd (TSX-TIH, OTC-TMTNF) ... learn more on Friday, February 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 Allied Properties Real Estate Investment Trust (TSX-AP.UN, OTC-APYRF) ... learn more. Next, I will write about Toromont Industries Ltd (TSX-TIH, OTC-TMTNF) ... learn more on Friday, February 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.
Tuesday, February 17, 2026
Gen Z Guide to Negotiating
This is an interesting article on Money Sense. The longer title for this article is Gen Z guide to getting more in a tough economy: How to negotiate salary, car deal, phone bills and more.
On my other blog I wrote yesterday about FirstService Corp (TSX-FSV, NASDAQ-FSV) ... learn more. Next, I will write about Allied Properties Real Estate Investment Trust (TSX-AP.UN, OTC-APYRF) ... learn more on Wednesday, February 18, 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 FirstService Corp (TSX-FSV, NASDAQ-FSV) ... learn more. Next, I will write about Allied Properties Real Estate Investment Trust (TSX-AP.UN, OTC-APYRF) ... learn more on Wednesday, February 18, 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, February 12, 2026
EQB Bank and In the Money
Amber Kanwar on In The Money interviews the CEO of EQB Bank.
On my other blog I wrote yesterday about Canadian Pacific Kansas City Ltd (TSX-CP, NYSE-CP) ... learn more. Next, I will write about ARC Resources Ltd (TSX-ARX, OTC-AETUF) ... learn more on Friday, February 13, 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 Pacific Kansas City Ltd (TSX-CP, NYSE-CP) ... learn more. Next, I will write about ARC Resources Ltd (TSX-ARX, OTC-AETUF) ... learn more on Friday, February 13, 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, February 10, 2026
Money Sense Dividend Stocks
Money Sense has again put out a list of the 100 best dividend stocks. This is for 2026. See the site here.
On my other blog I wrote yesterday about Canadian National Railway (TSX-CNR, NYSE-CNI) ... learn more. Next, I will write about Canadian Pacific Kansas City Ltd (TSX-CP, NYSE-CP) ... learn more on Wednesday, February 11, 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 National Railway (TSX-CNR, NYSE-CNI) ... learn more. Next, I will write about Canadian Pacific Kansas City Ltd (TSX-CP, NYSE-CP) ... learn more on Wednesday, February 11, 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, February 5, 2026
Something to Buy February 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.
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). There is no change from last month.
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). 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. I t is Alimentation Couche-Tard (TSX-ATD.B, OTC-ANCUF). There is no change from last month.
Nine stocks (69%) 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), Saputo Inc. (TSX-SAP, OTC-SAPIF) and Metro Inc (TSX-MRU, OTC-MTRAF). Metro Inc (TSX-MRU, OTC-MTRAF) has been added back to 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.
One stocks (17%) are cheap by the historical median dividend yield. The stock is Medtronic Inc. (NYSE-MDT). Johnson and Johnson (NYSE-JNJ) has been removed from this list.
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.
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). There is no change from last month.
I follow 14 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.
Three stocks (60%) are showing as cheap by historical median dividend yield. These stocks are Great-West Lifeco Inc (TSX-GWO, OTC-GWLIF), Manulife Financial Corp (TSX-MFC, NYSE-MFC), and Sun Life Financial (TSX-SLF, NYSE-SLF). Great-West Lifeco Inc (TSX-GWO, OTC-GWLIF) has been added to this list.
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). There is no change from last month.
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.
One stock (10%) is showing as cheap by historical median dividend yield. It is Stella-Jones (TSX-SJ, OTC-STLJF). Adentra Inc (TSX-ADEN, OTC-HDIUF) has been removed from this list.
I follow 10 Real Estate stocks. No stock (0%) is showing as cheap by historically high dividend yield. Allied Properties REIT (TSX-AP.UN, OTC-APYRF) has been removed from this list.
Three stocks (30%) are showing as cheap by historical median dividend yield. They are FirstService Corp (TSX-FSV, NASDAQ-FSV), Melcor Developments Inc. and (TSX-MRD, OTC-MODVF), and SmartCentres REIT (TSX-SRU.UN, OTC-CWYUF). Allied Properties REIT (TSX-AP.UN, OTC-APYRF), and Artis REIT (TSX-AX.UN, OTC-ARESF) 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.
Three stocks (38%) 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). There is no change from last month
On my other blog I wrote yesterday about EQB Inc (TSX-EQB, OTC-EQGPF) ... learn more. Next, I will write about AGF Management Ltd (TSX-AGF.B, OTC-AGFMF) ... learn more on Friday, February 6, 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.
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). There is no change from last month.
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). 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. I t is Alimentation Couche-Tard (TSX-ATD.B, OTC-ANCUF). There is no change from last month.
Nine stocks (69%) 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), Saputo Inc. (TSX-SAP, OTC-SAPIF) and Metro Inc (TSX-MRU, OTC-MTRAF). Metro Inc (TSX-MRU, OTC-MTRAF) has been added back to 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.
One stocks (17%) are cheap by the historical median dividend yield. The stock is Medtronic Inc. (NYSE-MDT). Johnson and Johnson (NYSE-JNJ) has been removed from this list.
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.
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). There is no change from last month.
I follow 14 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.
Three stocks (60%) are showing as cheap by historical median dividend yield. These stocks are Great-West Lifeco Inc (TSX-GWO, OTC-GWLIF), Manulife Financial Corp (TSX-MFC, NYSE-MFC), and Sun Life Financial (TSX-SLF, NYSE-SLF). Great-West Lifeco Inc (TSX-GWO, OTC-GWLIF) has been added to this list.
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). There is no change from last month.
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.
One stock (10%) is showing as cheap by historical median dividend yield. It is Stella-Jones (TSX-SJ, OTC-STLJF). Adentra Inc (TSX-ADEN, OTC-HDIUF) has been removed from this list.
I follow 10 Real Estate stocks. No stock (0%) is showing as cheap by historically high dividend yield. Allied Properties REIT (TSX-AP.UN, OTC-APYRF) has been removed from this list.
Three stocks (30%) are showing as cheap by historical median dividend yield. They are FirstService Corp (TSX-FSV, NASDAQ-FSV), Melcor Developments Inc. and (TSX-MRD, OTC-MODVF), and SmartCentres REIT (TSX-SRU.UN, OTC-CWYUF). Allied Properties REIT (TSX-AP.UN, OTC-APYRF), and Artis REIT (TSX-AX.UN, OTC-ARESF) 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.
Three stocks (38%) 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). There is no change from last month
On my other blog I wrote yesterday about EQB Inc (TSX-EQB, OTC-EQGPF) ... learn more. Next, I will write about AGF Management Ltd (TSX-AGF.B, OTC-AGFMF) ... learn more on Friday, February 6, 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.
Subscribe to:
Comments (Atom)