Josh Arnold on Sure Dividend site ranks Canadian Banks with the Bank of Nova Scotia at the highest rank. Canadian banks are always a good way to start buying dividend growth stocks.
On my other blog I wrote yesterday about Superior Plus Corp (TSX-SPB, OTC-SUUIF) ... learn more. Next, I will write about Andrew Peller Ltd. (TSX-ADW.A, OTC-ADWPF) ... learn more on August 24, 2018 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, August 23, 2018
Wednesday, August 22, 2018
Profile Article
I just want to say that Mark from My Own Advisor has written a nice Profile Article of me on his site. Mark has had his own web site at My Own Advisor for some years and has lots of followers. He is building his own million dollar portfolio with his wife. His site talks about dividend stocks and low-cost ETFs and insights to doing your own investing.
Bye the way the link to the Profile Article is here.
On my other blog I wrote yesterday about Evertz Technologies (TSX-ET, OTC-EVTZF) ... learn more. Next, I will write about Superior Plus Corp (TSX-SPB, OTC-SUUIF) ... learn more on Wednesday, August 22, 2018 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.
Bye the way the link to the Profile Article is here.
On my other blog I wrote yesterday about Evertz Technologies (TSX-ET, OTC-EVTZF) ... learn more. Next, I will write about Superior Plus Corp (TSX-SPB, OTC-SUUIF) ... learn more on Wednesday, August 22, 2018 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, August 16, 2018
Dividends and Volatility
There are several places where you will face volatility if decide to have your income from dividend stocks. First and probably the most volatility you will face is in the value of the stock. Secondly, your overall dividend growth will change from year to year. Thirdly, an individual stock can increase dividends one year and cut them the next or vice versa.
The value of your dividend stock portfolio can be calm sometimes and swing wildly other times. This can also be true of individual stocks. I do not worry about bear markets because I know all stocks are going to go down no matter how good (or bad) that they are. Generally, dividend stocks do not go down as much as the markets do, but they do go down.
In the last 2 bear markets my portfolio went down 30%. This happens in bear markets. It is not a time to panic. If your stocks go down in a bear market, I would not worry. I worry if my stock takes a dive when there is no bear market. My first stop to try to get a sense of what is going on is Stock Chase.
The growth in dividends will change from year to year depending on the economic climate and what is happening in the sector your stock is in. I have found in bear markets is that my overall dividend growth will decline. Sometimes because of the overall slow down of the economy my dividend increases are low. The lowest increase I have had is 3.9% in 2014. The year of 2010 was a low growth year with only a dividend growth of 5.3%. It has been a long slow recover from the bear market and decline of 2008 and I have had some low dividend growth years. However, dividends tend to growth more than inflation.
Some company will not cut or cancel dividends unless they absolutely have to. This is because dividend investors are an unforgiving lot. Stocks that cut or cancel dividends get hammered by the market. Some companies will keep their dividends flat for a number of years if they have some financial problems. They will hope that they can resolve the problems before they have to cut dividends. Other companies regularly declare what they believe that they can afford and ignore the market. Their dividends can go up and down over time. Generally, they will have increasing dividends over the longer term.
Know your companies and understand what their dividend policies are. Some companies will say what their dividend policy is and others you will be able to tell what it is from past history.
This volitivity is just background noise. If you can ignore the noise you can do well with dividend stocks over the long term. The best advise is never panic. People lose money in the stock market because they panic and do the wrong thing. Sometimes they buy because they think that they need to buy now otherwise the price of the stock will get to high in the future to buy, or they panic and sell because their stock has plummeted in price and they are afraid of losing more money. Never buy or sell because of panic. That is how you lose money.
On my other blog I wrote yesterday about BlackBerry Ltd. (TSX-BB, NASDAQ-BBRY) ... learn more. Next, I will write about Onex Corp. (TSX-OCX, OTC-ONEXF) ... learn more on Friday, August 17, 2018 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 value of your dividend stock portfolio can be calm sometimes and swing wildly other times. This can also be true of individual stocks. I do not worry about bear markets because I know all stocks are going to go down no matter how good (or bad) that they are. Generally, dividend stocks do not go down as much as the markets do, but they do go down.
In the last 2 bear markets my portfolio went down 30%. This happens in bear markets. It is not a time to panic. If your stocks go down in a bear market, I would not worry. I worry if my stock takes a dive when there is no bear market. My first stop to try to get a sense of what is going on is Stock Chase.
The growth in dividends will change from year to year depending on the economic climate and what is happening in the sector your stock is in. I have found in bear markets is that my overall dividend growth will decline. Sometimes because of the overall slow down of the economy my dividend increases are low. The lowest increase I have had is 3.9% in 2014. The year of 2010 was a low growth year with only a dividend growth of 5.3%. It has been a long slow recover from the bear market and decline of 2008 and I have had some low dividend growth years. However, dividends tend to growth more than inflation.
Some company will not cut or cancel dividends unless they absolutely have to. This is because dividend investors are an unforgiving lot. Stocks that cut or cancel dividends get hammered by the market. Some companies will keep their dividends flat for a number of years if they have some financial problems. They will hope that they can resolve the problems before they have to cut dividends. Other companies regularly declare what they believe that they can afford and ignore the market. Their dividends can go up and down over time. Generally, they will have increasing dividends over the longer term.
Know your companies and understand what their dividend policies are. Some companies will say what their dividend policy is and others you will be able to tell what it is from past history.
This volitivity is just background noise. If you can ignore the noise you can do well with dividend stocks over the long term. The best advise is never panic. People lose money in the stock market because they panic and do the wrong thing. Sometimes they buy because they think that they need to buy now otherwise the price of the stock will get to high in the future to buy, or they panic and sell because their stock has plummeted in price and they are afraid of losing more money. Never buy or sell because of panic. That is how you lose money.
On my other blog I wrote yesterday about BlackBerry Ltd. (TSX-BB, NASDAQ-BBRY) ... learn more. Next, I will write about Onex Corp. (TSX-OCX, OTC-ONEXF) ... learn more on Friday, August 17, 2018 around 5 pm.
This blog is meant for educational purposes only and is not to provide investment advice. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.
See my site for an index to these blog entries and for stocks followed. I have three blogs. The first talks only about specific stocks and is called Investment Talk. The second one contains information on mostly investing and is called Investing Economics Mostly. My last blog is for my book reviews and it is called Non-Fiction Mostly. Follow me on Twitter. I am on Instagram. Or you can just Google #walktoronto spbrunner8166 to see my pictures.
Tuesday, August 14, 2018
Robin Speziale
Robin Speziale is writing an occasional blog on his web site that you might be interested in checking out. The list of articles are showing here. You can join his mailing list here. His website is here.
Robin’s most recent article was called Small Companies; Big Dreams. If you have some extra money, sometimes it is not a bad idea to throw some money at interesting small caps. This way you do not risk much and if things turn out well for the company and the stock you might be able to give a boost to your portfolio and discover a new great stock.
I was recently reading his article on the Next 15 Capital Compounders. If you are building your portfolio you might want to take a closer look at these capital compounders.
I cover a few of these stocks. I am basically now only interested in dividend paying stocks. That is because I am living off my portfolio. However, when I was building my portfolio I was also interested in all good stocks whether or not they paid dividends
On my other blog I wrote yesterday about Stingray Digital Group Inc (TSX-RAY, OTC-NONE) ... learn more. Next, I will write about BlackBerry Ltd. (TSX-BB, NASDAQ-BBRY) ... learn more on Wednesday, August 15, 2018 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.
Robin’s most recent article was called Small Companies; Big Dreams. If you have some extra money, sometimes it is not a bad idea to throw some money at interesting small caps. This way you do not risk much and if things turn out well for the company and the stock you might be able to give a boost to your portfolio and discover a new great stock.
I was recently reading his article on the Next 15 Capital Compounders. If you are building your portfolio you might want to take a closer look at these capital compounders.
I cover a few of these stocks. I am basically now only interested in dividend paying stocks. That is because I am living off my portfolio. However, when I was building my portfolio I was also interested in all good stocks whether or not they paid dividends
On my other blog I wrote yesterday about Stingray Digital Group Inc (TSX-RAY, OTC-NONE) ... learn more. Next, I will write about BlackBerry Ltd. (TSX-BB, NASDAQ-BBRY) ... learn more on Wednesday, August 15, 2018 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, August 9, 2018
Something to Buy August 2018
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 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.
For other testing, like using P/E Ratios and Price/Graham Price Ratios, you use EPS estimates or from the last reported financial quarter. When using P/S Ratios, P/CF Ratios or P/BV Ratios you are using data from the last reported financial quarter.
This system 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 5 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 August 2018 Spreadsheet to see what stocks are 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 5 year median dividend yields (P/5Yr). As in other spreadsheets, you can highlight a line or a number of lines for better viewing.
In the following notes I am only going to list stocks showing as cheap using the historical high dividend yields (P/Hi) and historical median dividend yields (P/Med).
I follow 21 stocks in the Consumer Discretionary category. Three of these stocks (14%) are showing as cheap by the historically high dividend yield and they are DHX Media Ltd. (TSX-DHX, OTC-DHXMF), High Liner Foods (TSX-HLF, OTC-HLNFF) and Newfoundland Capital Corp (TSX-NCC.A). Dorel Industries (TSX-DII.B, OTC-DIIBF) has been removed from this list.
Seven (or 33%) of Consumer Discretionary are showing cheap by historical median dividend yield. They are Canadian Tire Corp (TSX-CTC.A, OTC-CDNAF), DHX Media Ltd. (TSX-DHX.A, OTC-DHXMF), High Liner Foods (TSX-HLF, OTC-HLNFF), Leon's Furniture (TSX-LNF), Newfoundland Capital Corp (TSX-NCC.A), Pizza Pizza Royalty Corp (TSX-PZA, OTC-PZRIF), and Reitmans (Canada) Ltd. (TSX-RET.A, OTC-RTMAF). Dorel Industries (TSX-DII.B, OTC-DIIBF), Magna International Inc. (TSX-MG, NYSE-MGA), Molson Coors Canada (TSX-TPX.B, NYSE-TAP), and Thomson Reuters Corp (TSX-TRI, NYSE-TRI) have been removed from this list
I follow 11 Consumer Staples stocks. No companies are showing as cheap by the historically high dividend yield. Five stocks (or 42%) are showing cheap by historical median dividend yield. These are AGT Food and Ingredients Inc. (TSX-AGT, OTC-AGXXF), Alimentation Couche-Tard (TSX-ATD.B, OTC-ANCUF), Empire Company Ltd (TSX-EMP.A, OTC-EMLAF), Loblaw Companies (TSX-L, OTC-LBLCF) and Metro Inc. (TSX-MRU, OTC-MTRAF). There is no change from last month.
I only follow three Health Care stocks. None of these stocks are showing as cheap by the historically high dividend yield. Two or 67% are cheap by the historical median dividend yield. The stocks are Johnson and Johnson (NYSE-JNJ) and Medtronic Inc. (NYSE-MDT). There is no change from last month.
I follow 10 Real Estate stocks. None of these stocks is showing as cheap by the historically high dividend yield. Choice Properties REIT (TSX-CHP.UN, OTC-PPRQF) has been removed from this list.
Five stocks (or 50%) are showing cheap by historical median dividend yield. They are Artis REIT (TSX-AX.UN, OTC- ARESF), Choice Properties REIT (TSX-CHP.UN, OTC-PPRQF), Granite Real Estate (TSX-GRT.UN, NYSE-GRP.U), H & R REIT (TSX-HR.UN, OTC-HRUFF) and Melcor Developments Inc. (TSX-MRD, OTC-MODVF). There is no change from last month.
I follow 8 Bank stocks. None are showing as cheap by the historically high dividend yield. Three stocks (or 38%) are showing cheap by historical median dividend yield. They are Bank of Nova Scotia (TSX-BNS, NYSE-BNS), and CIBC (TSX-CM, NYSE-CM). Toronto Dominion Bank (TSX-TD, NYSE-TD) has been removed from this list.
I follow 14 Financial Service stocks. None are showing as cheap by the historically high dividend yield. Eight (or 57%) stocks are showing cheap by the historical median dividend yield. These stocks are Accord Financial Corp (TSX-ACD, OTC-ACCFF), AGF Management Ltd (TSX-AGF.B, OTC-AGFMF), Alaris Royalty Corp (TSX-AD, OTC-ALARF), CI Financial (TSX-CIX, OTC-CIFAF), Equitable Group Inc. (TSX-EQB, OTC-EQGPF), Gluskin Sheff + Associates Inc. (TSX-GS, OTC-GLUSF), IGM Financial (TSX-IGM, OTC-IGIFF) and Power Corp (TSX-POW, OTC-PWCDF). There is no change from last month.
I follow 6 Insurance stocks. None are showing as cheap by the historically high dividend yield. Six stocks (or 100%) are showing cheap by historical median dividend yield. These stocks are Great-West Lifeco Inc. (TSX-GWO, OTC-GWLIF), Industrial Alliance Ins. and Fin. (TSX-IAG, OTC-IDLLF), Intact Financial Corp. (TSX-IFC, OTC-IFCZF), Manulife Financial Corp (TSX-MFC, NYSE-MFC), Power Financial Corp (TSX-PWF, OTC-POFNF) and Sun Life Financial (TSX-SLF, NYSE-SLF). There is no change from last month.
I follow 32 Industrial stocks. Because I have so many and Industrial is not very descriptive, I have divided my Industrial stocks into 4 separate categories under Industrial. They are Construction, Industrial, Manufacturing and (Business) Services.
I have 6 Construction stocks. None are cheap by the historically high dividend yield. Two stocks or 33% are showing as cheap by historical median dividend yield. They are SNC-Lavalin (TSX-SNC, OTC-SNCAF) and Stantec Inc. (TSX-STN, NYSE-STN). There is no change from last month.
I have 3 stocks I have left with the sub-index of Industrial. None are cheap by the historically high dividend yield. Two stocks or 67% are showing as cheap by historical median dividend yield. They are Finning International Inc. (TSX-FTT, OTC-FINGF), and Russel Metals (TSX-RUS, OTC-RUSMF). There is no change from last month.
I have 7 Manufacturing stocks. None are showing as cheap by the historically high dividend yield. Three stocks or 43% are showing as cheap by historical median dividend yield. They are Exco Technologies Ltd. (TSX-XTC, OTC-EXCOF), Hammond Power Solutions Inc. (TSX-HPS.A, OTC-HMDPF), and PFB Corp (TSX-PFB, OTC-PFBOF). Intertape Polymer Group Inc. (TSX-ITP, OTC-ITPOF) has been removed from this list.
I follow 16 Services stocks. None are showing as cheap by the historically high dividend yield. Three stocks or 19% are showing as cheap by historical median dividend yield. These stocks are Canadian National Railway (TSX-CNR, NYSE-CNI), Pason Systems Inc. (TSX-PSI, OTC-PSYTF), and Transcontinental Inc. (TSX-TCL.A, OTC-TCLAF). Ritchie Bros Auctioneers Inc. (TSX-RBA, NYSE-RBA) has been removed from this list.
I follow 8 Material stocks. None are showing as cheap by the historically high dividend yield. One stock or 13% are showing as cheap by historical median dividend yield. That stock is Hardwoods Distribution Inc. (TSX-HDI, OTC-HDIUF). This last list has not changed from last month.
I follow 10 Energy stocks. Two stocks or 20% are showing as cheap by the historical high dividend yield. They are Ensign Energy Services (TSX-ESI, OTC-ESVIF) and Mullen Group (TSX-MTL, OTC-MLLGF). There is no change from last month.
There are five stocks (or 50%) showing cheap by historical median dividend yield. They are Canadian Natural Resources (TSX-CNQ, NYSE-CNQ), Cenovus Energy Inc. (TSX-CVE, NYSE-CVE), Ensign Energy Services (TSX-ESI, OTC-ESVIF), and Mullen Group (TSX-MTL, OTC-MLLGF). Suncor Energy (TSX-SU, NYSE-SU) has been removed from this list.
I follow 8 Tech stocks. None are showing as cheap by historical high dividend yield. Four stocks (or 50%) are showing cheap by historical median dividend yield. They are Absolute Software Corporation (TSX-ABT, OTC-ALSWF) Computer Modelling Group Ltd. (TSX-CMG, OTC-CMDXF), Evertz Technologies (TSX-ET, OTC-EVTZF) and Maxar Technologies Ltd (TSX-MAXR-NYSE-MAXR). There is no change from last month.
I follow 7 of the Infrastructure type utility companies. None are showing as cheap by historical high dividend yield. Three stocks (or 43%) are showing cheap by historical median dividend yield. They are AltaGas Ltd (TSX-ALA, OTC-ATGFF), Enbridge Inc. (TSX-ENB, NYSE-ENB), and TransCanada Corp (TSX-TRP, NYSE-TRP). Enbridge Income Fund Holdings Inc. (TSX-ENF, OTC-EBGUF) has been removed from this list.
I follow 12 of the Power type utility companies. Only ATCO Ltd (TSX-ACO.X, OTC-ACLLF) is showing as cheap by the historically high dividend yield. This has not changed from last month.
Five stocks (or 42%) are showing cheap by historical median dividend yield. Those stocks are ATCO Ltd (TSX-ACO.X, OTC-ACLLF), Canadian Utilities Ltd (TSX-CU, OTC-CDUAF) and Emera Inc. (TSX-EMA, OTC-EMRAF), Fortis Inc. (TSX-FTS, OTC-FRTSF) and Just Energy Group Inc. (TSX-JE, NYSE-JE). This has not changed from last month.
I follow 4 of the Telecom Service type utility companies. No stocks are showing as cheap by historically high dividend yield. Three stocks (or 75%) are showing cheap by historical median dividend yield. These stocks are BCE (TSX-BCE, NYSE-BCE), Shaw Communications Inc. (TSX-SJR.B, NYSE-SJR) and Telus Corp (TSX-T, NYSE-TU). Quarterhaill Inc (TSX-QTRH, NASDAQ-QTRH 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 Newfoundland Capital Corp. (TSX-NCC.A, OTC-none) ... learn more on Friday, August 10, 2018 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.
For other testing, like using P/E Ratios and Price/Graham Price Ratios, you use EPS estimates or from the last reported financial quarter. When using P/S Ratios, P/CF Ratios or P/BV Ratios you are using data from the last reported financial quarter.
This system 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 5 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 August 2018 Spreadsheet to see what stocks are 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 5 year median dividend yields (P/5Yr). As in other spreadsheets, you can highlight a line or a number of lines for better viewing.
In the following notes I am only going to list stocks showing as cheap using the historical high dividend yields (P/Hi) and historical median dividend yields (P/Med).
I follow 21 stocks in the Consumer Discretionary category. Three of these stocks (14%) are showing as cheap by the historically high dividend yield and they are DHX Media Ltd. (TSX-DHX, OTC-DHXMF), High Liner Foods (TSX-HLF, OTC-HLNFF) and Newfoundland Capital Corp (TSX-NCC.A). Dorel Industries (TSX-DII.B, OTC-DIIBF) has been removed from this list.
Seven (or 33%) of Consumer Discretionary are showing cheap by historical median dividend yield. They are Canadian Tire Corp (TSX-CTC.A, OTC-CDNAF), DHX Media Ltd. (TSX-DHX.A, OTC-DHXMF), High Liner Foods (TSX-HLF, OTC-HLNFF), Leon's Furniture (TSX-LNF), Newfoundland Capital Corp (TSX-NCC.A), Pizza Pizza Royalty Corp (TSX-PZA, OTC-PZRIF), and Reitmans (Canada) Ltd. (TSX-RET.A, OTC-RTMAF). Dorel Industries (TSX-DII.B, OTC-DIIBF), Magna International Inc. (TSX-MG, NYSE-MGA), Molson Coors Canada (TSX-TPX.B, NYSE-TAP), and Thomson Reuters Corp (TSX-TRI, NYSE-TRI) have been removed from this list
I follow 11 Consumer Staples stocks. No companies are showing as cheap by the historically high dividend yield. Five stocks (or 42%) are showing cheap by historical median dividend yield. These are AGT Food and Ingredients Inc. (TSX-AGT, OTC-AGXXF), Alimentation Couche-Tard (TSX-ATD.B, OTC-ANCUF), Empire Company Ltd (TSX-EMP.A, OTC-EMLAF), Loblaw Companies (TSX-L, OTC-LBLCF) and Metro Inc. (TSX-MRU, OTC-MTRAF). There is no change from last month.
I only follow three Health Care stocks. None of these stocks are showing as cheap by the historically high dividend yield. Two or 67% are cheap by the historical median dividend yield. The stocks are Johnson and Johnson (NYSE-JNJ) and Medtronic Inc. (NYSE-MDT). There is no change from last month.
I follow 10 Real Estate stocks. None of these stocks is showing as cheap by the historically high dividend yield. Choice Properties REIT (TSX-CHP.UN, OTC-PPRQF) has been removed from this list.
Five stocks (or 50%) are showing cheap by historical median dividend yield. They are Artis REIT (TSX-AX.UN, OTC- ARESF), Choice Properties REIT (TSX-CHP.UN, OTC-PPRQF), Granite Real Estate (TSX-GRT.UN, NYSE-GRP.U), H & R REIT (TSX-HR.UN, OTC-HRUFF) and Melcor Developments Inc. (TSX-MRD, OTC-MODVF). There is no change from last month.
I follow 8 Bank stocks. None are showing as cheap by the historically high dividend yield. Three stocks (or 38%) are showing cheap by historical median dividend yield. They are Bank of Nova Scotia (TSX-BNS, NYSE-BNS), and CIBC (TSX-CM, NYSE-CM). Toronto Dominion Bank (TSX-TD, NYSE-TD) has been removed from this list.
I follow 14 Financial Service stocks. None are showing as cheap by the historically high dividend yield. Eight (or 57%) stocks are showing cheap by the historical median dividend yield. These stocks are Accord Financial Corp (TSX-ACD, OTC-ACCFF), AGF Management Ltd (TSX-AGF.B, OTC-AGFMF), Alaris Royalty Corp (TSX-AD, OTC-ALARF), CI Financial (TSX-CIX, OTC-CIFAF), Equitable Group Inc. (TSX-EQB, OTC-EQGPF), Gluskin Sheff + Associates Inc. (TSX-GS, OTC-GLUSF), IGM Financial (TSX-IGM, OTC-IGIFF) and Power Corp (TSX-POW, OTC-PWCDF). There is no change from last month.
I follow 6 Insurance stocks. None are showing as cheap by the historically high dividend yield. Six stocks (or 100%) are showing cheap by historical median dividend yield. These stocks are Great-West Lifeco Inc. (TSX-GWO, OTC-GWLIF), Industrial Alliance Ins. and Fin. (TSX-IAG, OTC-IDLLF), Intact Financial Corp. (TSX-IFC, OTC-IFCZF), Manulife Financial Corp (TSX-MFC, NYSE-MFC), Power Financial Corp (TSX-PWF, OTC-POFNF) and Sun Life Financial (TSX-SLF, NYSE-SLF). There is no change from last month.
I follow 32 Industrial stocks. Because I have so many and Industrial is not very descriptive, I have divided my Industrial stocks into 4 separate categories under Industrial. They are Construction, Industrial, Manufacturing and (Business) Services.
I have 6 Construction stocks. None are cheap by the historically high dividend yield. Two stocks or 33% are showing as cheap by historical median dividend yield. They are SNC-Lavalin (TSX-SNC, OTC-SNCAF) and Stantec Inc. (TSX-STN, NYSE-STN). There is no change from last month.
I have 3 stocks I have left with the sub-index of Industrial. None are cheap by the historically high dividend yield. Two stocks or 67% are showing as cheap by historical median dividend yield. They are Finning International Inc. (TSX-FTT, OTC-FINGF), and Russel Metals (TSX-RUS, OTC-RUSMF). There is no change from last month.
I have 7 Manufacturing stocks. None are showing as cheap by the historically high dividend yield. Three stocks or 43% are showing as cheap by historical median dividend yield. They are Exco Technologies Ltd. (TSX-XTC, OTC-EXCOF), Hammond Power Solutions Inc. (TSX-HPS.A, OTC-HMDPF), and PFB Corp (TSX-PFB, OTC-PFBOF). Intertape Polymer Group Inc. (TSX-ITP, OTC-ITPOF) has been removed from this list.
I follow 16 Services stocks. None are showing as cheap by the historically high dividend yield. Three stocks or 19% are showing as cheap by historical median dividend yield. These stocks are Canadian National Railway (TSX-CNR, NYSE-CNI), Pason Systems Inc. (TSX-PSI, OTC-PSYTF), and Transcontinental Inc. (TSX-TCL.A, OTC-TCLAF). Ritchie Bros Auctioneers Inc. (TSX-RBA, NYSE-RBA) has been removed from this list.
I follow 8 Material stocks. None are showing as cheap by the historically high dividend yield. One stock or 13% are showing as cheap by historical median dividend yield. That stock is Hardwoods Distribution Inc. (TSX-HDI, OTC-HDIUF). This last list has not changed from last month.
I follow 10 Energy stocks. Two stocks or 20% are showing as cheap by the historical high dividend yield. They are Ensign Energy Services (TSX-ESI, OTC-ESVIF) and Mullen Group (TSX-MTL, OTC-MLLGF). There is no change from last month.
There are five stocks (or 50%) showing cheap by historical median dividend yield. They are Canadian Natural Resources (TSX-CNQ, NYSE-CNQ), Cenovus Energy Inc. (TSX-CVE, NYSE-CVE), Ensign Energy Services (TSX-ESI, OTC-ESVIF), and Mullen Group (TSX-MTL, OTC-MLLGF). Suncor Energy (TSX-SU, NYSE-SU) has been removed from this list.
I follow 8 Tech stocks. None are showing as cheap by historical high dividend yield. Four stocks (or 50%) are showing cheap by historical median dividend yield. They are Absolute Software Corporation (TSX-ABT, OTC-ALSWF) Computer Modelling Group Ltd. (TSX-CMG, OTC-CMDXF), Evertz Technologies (TSX-ET, OTC-EVTZF) and Maxar Technologies Ltd (TSX-MAXR-NYSE-MAXR). There is no change from last month.
I follow 7 of the Infrastructure type utility companies. None are showing as cheap by historical high dividend yield. Three stocks (or 43%) are showing cheap by historical median dividend yield. They are AltaGas Ltd (TSX-ALA, OTC-ATGFF), Enbridge Inc. (TSX-ENB, NYSE-ENB), and TransCanada Corp (TSX-TRP, NYSE-TRP). Enbridge Income Fund Holdings Inc. (TSX-ENF, OTC-EBGUF) has been removed from this list.
I follow 12 of the Power type utility companies. Only ATCO Ltd (TSX-ACO.X, OTC-ACLLF) is showing as cheap by the historically high dividend yield. This has not changed from last month.
Five stocks (or 42%) are showing cheap by historical median dividend yield. Those stocks are ATCO Ltd (TSX-ACO.X, OTC-ACLLF), Canadian Utilities Ltd (TSX-CU, OTC-CDUAF) and Emera Inc. (TSX-EMA, OTC-EMRAF), Fortis Inc. (TSX-FTS, OTC-FRTSF) and Just Energy Group Inc. (TSX-JE, NYSE-JE). This has not changed from last month.
I follow 4 of the Telecom Service type utility companies. No stocks are showing as cheap by historically high dividend yield. Three stocks (or 75%) are showing cheap by historical median dividend yield. These stocks are BCE (TSX-BCE, NYSE-BCE), Shaw Communications Inc. (TSX-SJR.B, NYSE-SJR) and Telus Corp (TSX-T, NYSE-TU). Quarterhaill Inc (TSX-QTRH, NASDAQ-QTRH 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 Newfoundland Capital Corp. (TSX-NCC.A, OTC-none) ... learn more on Friday, August 10, 2018 around 5 pm.
This blog is meant for educational purposes only and is not to provide investment advice. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.
See my site for an index to these blog entries and for stocks followed. I have three blogs. The first talks only about specific stocks and is called Investment Talk . The second one contains information on mostly investing and is called Investing Economics Mostly. My last blog is for my book reviews and it is called Non-Fiction Mostly. Follow me on Twitter. I am on Instagram. Or you can just Google #walktoronto spbrunner8166 to see my pictures.
Tuesday, August 7, 2018
Dividend Stocks August 2018
First, I want to point out that not all of 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 a number of 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.
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. See my spreadsheet at dividend growth stocks that I just updated for August 2018. On this list,
Alimentation Couche-Tard (TSX-ATD.B, OTC-ANCUF)
Barclays PLC (LSE-BARC, NYSE BCS) Husky Energy (TSX-HSE, OTC-HUSKF) Industrial Alliance Ins. and Fin. (TSX-IAG, OTC-IDLLF)
Last month I showed Andrew Peller Ltd (TSX-ADW.A, OTC-ADWPF) as having a dividend increase, but I did not update my spreadsheet to the new dividend. I have done this for this month. EnerCare Inc. (TSX-ECI, OTC-CSUWF) price has jumped because it is being taken over by Brookfield Infrastructure Partners L.P (TSX-BIP.UN, NYSE-BIP). For SmartCentres REIT (TSX-SRU.UN, OTC-CWYUF) TD has finally got the distribution amount right.
Also, of the stocks that I follow, 0 stocks decreased or suspended their dividends.
Most of my stocks started out as Dividend Payers. Currently 14 stocks are not paying any dividends and this would be some 9.03% of the stocks that I follow. Four of these stocks never had dividends, so 7.74% of the stocks I follow have suspended their dividends. The three stocks that never paid dividends are Ballard Power Systems Inc. (TSX-BLD, NASDAQ-BLDP0, Blackberry Ltd. (TSX-BB, NASDAQ-BBRY) and Trigon Metals Inc. (TSX-TM, OTC-PNTZF).
I am showing whether a stock is relatively cheap based on historical high dividend yields (P/Hi), historical average dividend yields (P/Ave), historical median dividend yields (P/Med) or on 5 year median dividend yields (P/5Yr). 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 not a valid test I use N to show this.
Also, on some stocks I have a lot more information years in my spreadsheets than for other stocks. So, finding a stock on the list as "cheap" is only the first step in finding a stock to buy. This is the same with any other sort of stock filters that you can use.
The last thing to remember is that I have entering figures into a spreadsheet. I could put them in incorrectly, I can transpose figures and I can misread figures. This is another great reason why you should check a stock out before investing. As this is just a filter, it works better on some stocks than on others.
See my entry on my methodology in establishing the historical dividend yield highs and lows for the stocks that I cover. I have an entry on my introduction to Dividend Growth. You might want to look at my original entry on Dividend Growth Stocks. I have also written about why I like Dividend Growth companies.
On my other blog I wrote today about Loblaw Companies Ltd. (TSX-L, OTC-LBLCF) ... learn more. Next, I will write about Choice Properties REIT (TSX- CHP.UN, OTC- PPRQF) ... learn more on Wednesday, August 8, 2018 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.
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. See my spreadsheet at dividend growth stocks that I just updated for August 2018. On this list,
- I have 6 stocks with a dividend yield higher than the historical high dividend yield,
- I have 35 stocks with a dividend yield higher than the historical average dividend yield
- I have 65 stocks with a dividend yield higher than the historical median dividend yield and
- 67 stocks with a dividend yield higher than the 5 year average dividend yield.
- I have 7 stocks with a dividend yield higher than the historical high dividend yield,
- I have 44 stocks with a dividend yield higher than the historical average dividend yield
- I have 74 stocks with a dividend yield higher than the historical median dividend yield and
- 76 stocks with a dividend yield higher than the 5 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
- 39 stocks with a dividend yield higher than the 5 year average dividend yield.
Alimentation Couche-Tard (TSX-ATD.B, OTC-ANCUF)
Barclays PLC (LSE-BARC, NYSE BCS) Husky Energy (TSX-HSE, OTC-HUSKF) Industrial Alliance Ins. and Fin. (TSX-IAG, OTC-IDLLF)
Last month I showed Andrew Peller Ltd (TSX-ADW.A, OTC-ADWPF) as having a dividend increase, but I did not update my spreadsheet to the new dividend. I have done this for this month. EnerCare Inc. (TSX-ECI, OTC-CSUWF) price has jumped because it is being taken over by Brookfield Infrastructure Partners L.P (TSX-BIP.UN, NYSE-BIP). For SmartCentres REIT (TSX-SRU.UN, OTC-CWYUF) TD has finally got the distribution amount right.
Also, of the stocks that I follow, 0 stocks decreased or suspended their dividends.
Most of my stocks started out as Dividend Payers. Currently 14 stocks are not paying any dividends and this would be some 9.03% of the stocks that I follow. Four of these stocks never had dividends, so 7.74% of the stocks I follow have suspended their dividends. The three stocks that never paid dividends are Ballard Power Systems Inc. (TSX-BLD, NASDAQ-BLDP0, Blackberry Ltd. (TSX-BB, NASDAQ-BBRY) and Trigon Metals Inc. (TSX-TM, OTC-PNTZF).
I am showing whether a stock is relatively cheap based on historical high dividend yields (P/Hi), historical average dividend yields (P/Ave), historical median dividend yields (P/Med) or on 5 year median dividend yields (P/5Yr). 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 not a valid test I use N to show this.
Also, on some stocks I have a lot more information years in my spreadsheets than for other stocks. So, finding a stock on the list as "cheap" is only the first step in finding a stock to buy. This is the same with any other sort of stock filters that you can use.
The last thing to remember is that I have entering figures into a spreadsheet. I could put them in incorrectly, I can transpose figures and I can misread figures. This is another great reason why you should check a stock out before investing. As this is just a filter, it works better on some stocks than on others.
See my entry on my methodology in establishing the historical dividend yield highs and lows for the stocks that I cover. I have an entry on my introduction to Dividend Growth. You might want to look at my original entry on Dividend Growth Stocks. I have also written about why I like Dividend Growth companies.
On my other blog I wrote today about Loblaw Companies Ltd. (TSX-L, OTC-LBLCF) ... learn more. Next, I will write about Choice Properties REIT (TSX- CHP.UN, OTC- PPRQF) ... learn more on Wednesday, August 8, 2018 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, August 2, 2018
Enbridge
In a recent article on the Money Show site Gordon Pape talks about Enbridge. He says it is becoming boring again and that this is a good thing. He thinks that the CEO Al Monaco and his team are taking the company in the right direction.
Gordon Pape is a well know author and I take his views seriously. But with everything, you should read what others say but make up your own mind about what is right for you.
I go down to the Money Show convention every year. There are always some interesting speakers and there is always something to learn. So, I do find it worthwhile and I think it is worthwhile no matter what level of investing you are at. Gordon Pape is a well know author and I take his views seriously. But with everything,
On my other blog I wrote yesterday about Savaria Corporation (TSX-SIS, OTC-SISXF) ... learn more. Next, I will write about Ballard Power Systems Inc. (TSX-BLDP, NASDAQ-BLDP) ... learn more on Friday, August 3, 2018 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.
Gordon Pape is a well know author and I take his views seriously. But with everything, you should read what others say but make up your own mind about what is right for you.
I go down to the Money Show convention every year. There are always some interesting speakers and there is always something to learn. So, I do find it worthwhile and I think it is worthwhile no matter what level of investing you are at. Gordon Pape is a well know author and I take his views seriously. But with everything,
On my other blog I wrote yesterday about Savaria Corporation (TSX-SIS, OTC-SISXF) ... learn more. Next, I will write about Ballard Power Systems Inc. (TSX-BLDP, NASDAQ-BLDP) ... learn more on Friday, August 3, 2018 around 5 pm.
This blog is meant for educational purposes only and is not to provide investment advice. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.
See my site for an index to these blog entries and for stocks followed. I have three blogs. The first talks only about specific stocks and is called Investment Talk. The second one contains information on mostly investing and is called Investing Economics Mostly. My last blog is for my book reviews and it is called Non-Fiction Mostly. Follow me on Twitter. I am on Instagram. Or you can just Google #walktoronto spbrunner8166 to see my pictures.
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