The Investment Report says on Daily Buy and Sell Advice that they have added this company to their list of Key Stock. They say it is a buy for long-term price gains and modest but growing dividends.
Alicja Siekierska on Financial Post talks about the ambitious plans of this company and that they are doing so much better than Bombardier from whom it was a spin-off.
On my other blog I wrote yesterday about Pulse Seismic Inc. (TSX-PSD, OTC-PLSDF) ... learn more. Next, I will write about TECSYS Inc (TSX-TCS, OTC-TCYSF) ... learn more on Wednesday, July 31, 2019 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, July 30, 2019
Thursday, July 25, 2019
Income Taxes
I am always glad when I have finished doing my taxes for the year. The government not only collects lots of money but they make it difficult for you to figure out what it is you have to pay. Even with using a tax program it is not that simple. I no longer know how to do my taxes without a tax program. I follow what I did in the previous and years and also google any changes in the tax system to see if they might affect me.
Another thing is that the government does not seem to be a good steward of our tax money. You do not know how the money collected is spent and there seems to be no why to find out. My governments (Ontario and Canada) are heavily in debt and this is a very bad thing. However, it seems to be a global problem and it is a big one.
I went to a lecture on paying taxes in Ontario. There was only one person in the room that did their own taxes. Everyone else used a tax program or had an someone else to do their taxes. The lecturer said that the Canadian tax code is so complex that no one that he knows of understands all the tax code. He thinks it is impossible for any one person to understand our tax code.
My tax program produces 57 pages of data. I no longer print my tax forms because it is 57 pages. I get a PDF copy and have it on my computer and on a backup disk. I have dividend income and some RIF income. I seldom buy or sell anything. I do not do anything fancy at all. It should not be that complex. To have 57 pages to fill out seem rather excessive to me.
On my other blog I wrote yesterday about Obsidian Energy Ltd TSX-OBE, NYSE-OBE) ... learn more. Next, I will write Dorel Industries Inc (TSX-DII.B, OTC-DIIBF) ... learn more on Friday, July 26, 2019 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
Another thing is that the government does not seem to be a good steward of our tax money. You do not know how the money collected is spent and there seems to be no why to find out. My governments (Ontario and Canada) are heavily in debt and this is a very bad thing. However, it seems to be a global problem and it is a big one.
I went to a lecture on paying taxes in Ontario. There was only one person in the room that did their own taxes. Everyone else used a tax program or had an someone else to do their taxes. The lecturer said that the Canadian tax code is so complex that no one that he knows of understands all the tax code. He thinks it is impossible for any one person to understand our tax code.
My tax program produces 57 pages of data. I no longer print my tax forms because it is 57 pages. I get a PDF copy and have it on my computer and on a backup disk. I have dividend income and some RIF income. I seldom buy or sell anything. I do not do anything fancy at all. It should not be that complex. To have 57 pages to fill out seem rather excessive to me.
On my other blog I wrote yesterday about Obsidian Energy Ltd TSX-OBE, NYSE-OBE) ... learn more. Next, I will write Dorel Industries Inc (TSX-DII.B, OTC-DIIBF) ... learn more on Friday, July 26, 2019 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, July 23, 2019
20 American Dividend Stocks
This article is by Brian Bollinger and it is entitled 20 Dividend Stocks to Fund 20 Years of Retirement. If you want to have some American stocks in your portfolio, you might want to look at these 20 stocks.
1) AT&T (T, $32.26) Sector: Telecommunications; Market value: $234.5 billion; Dividend yield: 6.2%
2) Tanger Factory Outlet Centers (SKT, $23.64) Sector: Real estate; Market value: $2.2 billion; Dividend yield: 5.9%
3) Enbridge (ENB, $35.88) Sector: Energy; Market value: $61.5 billion; Dividend yield: 5.7%
4) Welltower (WELL, $63.14) Sector: Real estate; Market value: $23.4 billion; Dividend yield: 5.5%
5) Southern Company (SO, $46.13) Sector: Utilities; Market value: $46.8 billion; Dividend yield: 5.2%
6) Dominion Energy (D, $70.69) Sector: Utilities; Market value: $45.7 billion; Dividend yield: 4.7%
7) Realty Income (O, $56.51) Sector: Real estate; Market value: $16.4 billion; Dividend yield: 4.7%
8) Verizon (VZ, $52.47) Sector: Telecommunications; Market value: $216.2 billion; Dividend yield: 4.5%
9) National Retail Properties (NNN, $44.91) Sector: Real estate; Market value: $7.1 billion; Dividend yield: 4.5%
10) Exxon Mobil (XOM, $79.42) Sector: Energy; Market value: $335.3 billion; Dividend yield: 4.1%
11) Meredith Corporation (MDP, $49.70), Sector: Consumer discretionary; Market value: $2.2 billion; Dividend yield: 4.4%
12) Universal Corporation (UVV, $56.20) Sector: Consumer staples; Market value: $1.4 billion; Dividend yield: 5.3%
13) General Mills (GIS, $45.18) Sector: Consumer staples; Market value: $26.7 billion; Dividend yield: 4.3%
14) International Business Machines (IBM, $144.48) Sector: Technology; Market value: $130.7 billion; Dividend yield: 4.4%
15) Schweitzer-Mauduit International (SWM, $40.03) Sector: Materials; Market value: $1.2 billion; Dividend yield: 4.3%
16) Duke Energy (DUK, $80.89) Sector: Utilities; Market value: $57.6 billion; Dividend yield: 4.6%
17) Oneok (OKE, $68.90) Sector: Energy; Market value: $28.2 billion; Dividend yield: 4.8%
18) Monmouth Real Estate Investment Corporation (MNR, $16.92) Sector: Real estate; Market value: $1.4 billion; Dividend yield: 4.0%
19) Universal Health Realty Income Trust (UHT, $68.98) Sector: Real estate; Market value: $946.4 million; Dividend yield: 3.9%
20) Ennis (EBF, $20.55) Sector: Industrials; Market value: $537.5 million; Dividend yield: 4.4%
On my other blog I wrote yesterday about Atlantic Power Corp (TSX-ATP, NYSE-AT) ... learn more. Next, I will write about Obsidian Energy Ltd TSX-OBE, NYSE-OBE) ... learn more on Wednesday, July 24, 2019 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.
1) AT&T (T, $32.26) Sector: Telecommunications; Market value: $234.5 billion; Dividend yield: 6.2%
2) Tanger Factory Outlet Centers (SKT, $23.64) Sector: Real estate; Market value: $2.2 billion; Dividend yield: 5.9%
3) Enbridge (ENB, $35.88) Sector: Energy; Market value: $61.5 billion; Dividend yield: 5.7%
4) Welltower (WELL, $63.14) Sector: Real estate; Market value: $23.4 billion; Dividend yield: 5.5%
5) Southern Company (SO, $46.13) Sector: Utilities; Market value: $46.8 billion; Dividend yield: 5.2%
6) Dominion Energy (D, $70.69) Sector: Utilities; Market value: $45.7 billion; Dividend yield: 4.7%
7) Realty Income (O, $56.51) Sector: Real estate; Market value: $16.4 billion; Dividend yield: 4.7%
8) Verizon (VZ, $52.47) Sector: Telecommunications; Market value: $216.2 billion; Dividend yield: 4.5%
9) National Retail Properties (NNN, $44.91) Sector: Real estate; Market value: $7.1 billion; Dividend yield: 4.5%
10) Exxon Mobil (XOM, $79.42) Sector: Energy; Market value: $335.3 billion; Dividend yield: 4.1%
11) Meredith Corporation (MDP, $49.70), Sector: Consumer discretionary; Market value: $2.2 billion; Dividend yield: 4.4%
12) Universal Corporation (UVV, $56.20) Sector: Consumer staples; Market value: $1.4 billion; Dividend yield: 5.3%
13) General Mills (GIS, $45.18) Sector: Consumer staples; Market value: $26.7 billion; Dividend yield: 4.3%
14) International Business Machines (IBM, $144.48) Sector: Technology; Market value: $130.7 billion; Dividend yield: 4.4%
15) Schweitzer-Mauduit International (SWM, $40.03) Sector: Materials; Market value: $1.2 billion; Dividend yield: 4.3%
16) Duke Energy (DUK, $80.89) Sector: Utilities; Market value: $57.6 billion; Dividend yield: 4.6%
17) Oneok (OKE, $68.90) Sector: Energy; Market value: $28.2 billion; Dividend yield: 4.8%
18) Monmouth Real Estate Investment Corporation (MNR, $16.92) Sector: Real estate; Market value: $1.4 billion; Dividend yield: 4.0%
19) Universal Health Realty Income Trust (UHT, $68.98) Sector: Real estate; Market value: $946.4 million; Dividend yield: 3.9%
20) Ennis (EBF, $20.55) Sector: Industrials; Market value: $537.5 million; Dividend yield: 4.4%
On my other blog I wrote yesterday about Atlantic Power Corp (TSX-ATP, NYSE-AT) ... learn more. Next, I will write about Obsidian Energy Ltd TSX-OBE, NYSE-OBE) ... learn more on Wednesday, July 24, 2019 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, July 18, 2019
Boring Investing 2
This is a follow up for my entry last week on Boring Investing. What I want to talk about today is different companies in different sectors. These are all Canadian Stocks.
I personally would not invest in resources or very little in resources, materials, tech (unless you understand it) or the next big thing. I have around 1% of my portfolio in resources and materials sectors. I avoid investing in the next big thing. I want a company that has good debt ratios and can grow their dividends.
On my other blog I wrote yesterday about TMX Group Ltd (TSX-X, OTC-TMXXF) ... learn more. Next, I will write about Artis REIT (TSX-AX.UN, OTC-ARESF) ... learn more on Friday, July 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.
| Sector | Sub Sector | Name | Exch | Sym | Exch | Sym |
|---|---|---|---|---|---|---|
| Consumer | Discretionary | Canadian Tire Corp | TSX | CTC.A | OTC | CDNAF |
| Consumer | Staples | Metro Inc | TSX | MRU | OTC | MTRAF |
| Energy | Energy | Suncor Energy | TSX | SU | NYSE | SU |
| Financial | Bank | TD Bank | TSX | TD | NYSE | TD |
| Financial | Services | Brookfield Asset Mge | TSX | BAM.A | NYSE | BAM |
| Financial | Insurance | Sun Life Financial | TSX | SLF | NYSE | SLF |
| Industrial | Construction | Stantec Inc | TSX | STN | NYSE | STN |
| Industrial | Manufact. | Ag Growth Internat. | TSX | AFN | OTC | AGGZF |
| Industrial | Services | TFI International | TSX | TFII | OTC | TFIFF |
| Real Estate | Real Estate | H & R REIT | TSX | HR.UN | OTC | HRUFF |
| Telecom | Telecom | BCE | TSX | BCE | NYSE | BCE |
| Info Tech | Info Tech | Sylogist Ltd | TSXV | SYZ | OTC | SYZLF |
| Utilities | Infrastructure | Enbridge Inc. | TSX | ENB | NYSE | ENB |
| Utilities | Power | Canadian Utilities | TSX | CU | OTC | CDUAF |
I personally would not invest in resources or very little in resources, materials, tech (unless you understand it) or the next big thing. I have around 1% of my portfolio in resources and materials sectors. I avoid investing in the next big thing. I want a company that has good debt ratios and can grow their dividends.
On my other blog I wrote yesterday about TMX Group Ltd (TSX-X, OTC-TMXXF) ... learn more. Next, I will write about Artis REIT (TSX-AX.UN, OTC-ARESF) ... learn more on Friday, July 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, July 16, 2019
Fortis by Gordon Pape
The Money Show puts out Top Picks in the Mid-Year for its readers. This one is about Fortis by Gordon Pape. This is a great stock and one that I have had for a very long time.
I have had this stock since 1987. To the end of March 2019, I have made 12.91% total return per year on this stock. Of this return, 7.93% per year is from capital gains and 4.98% is from dividends. For the stock I bought in 1987, I am making a yield of 38.7% on my original purchase.
The Total Return per year is shown below for years of 5 to 37 to the end of 2018. Under the Capital Gain column is the portion of the Total Return attributable to capital gains. Under the Dividend column is the portion of the Total Return attributable to dividends. See chart below.
As you can see this stock is a consistent performer. Investors you have bought this stock 5, 10, 15, 20, 25, 30, 35 and 37 years ago have made a similar return to what I have.
On my other blog I wrote yesterday about Inter Pipeline Ltd (TSX-IPL, OTC-IPPLF) ... learn more. Next, I will write about TMX Group Ltd (TSX-X, OTC-TMXXF) ... learn more on Wednesday, July 17, 2019 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.
I have had this stock since 1987. To the end of March 2019, I have made 12.91% total return per year on this stock. Of this return, 7.93% per year is from capital gains and 4.98% is from dividends. For the stock I bought in 1987, I am making a yield of 38.7% on my original purchase.
The Total Return per year is shown below for years of 5 to 37 to the end of 2018. Under the Capital Gain column is the portion of the Total Return attributable to capital gains. Under the Dividend column is the portion of the Total Return attributable to dividends. See chart below.
As you can see this stock is a consistent performer. Investors you have bought this stock 5, 10, 15, 20, 25, 30, 35 and 37 years ago have made a similar return to what I have.
| From | Years | Div. Gth | Tot Ret | Cap Gain | Div. |
|---|---|---|---|---|---|
| 2013 | 5 | 6.83% | 12.57% | 8.37% | 4.20% |
| 2008 | 10 | 5.60% | 10.17% | 6.15% | 4.02% |
| 2003 | 15 | 8.32% | 12.11% | 7.81% | 4.29% |
| 1998 | 20 | 6.95% | 12.47% | 8.11% | 4.36% |
| 1993 | 25 | 6.18% | 12.11% | 7.66% | 4.45% |
| 1988 | 30 | 5.78% | 12.56% | 7.62% | 4.94% |
| 1983 | 35 | 5.93% | 12.45% | 7.32% | 5.13% |
| 1981 | 37 | 6.22% | 13.47% | 7.69% | 5.78% |
On my other blog I wrote yesterday about Inter Pipeline Ltd (TSX-IPL, OTC-IPPLF) ... learn more. Next, I will write about TMX Group Ltd (TSX-X, OTC-TMXXF) ... learn more on Wednesday, July 17, 2019 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, July 11, 2019
Boring Investing
If you do not find investing in stocks boring, then you are probably doing it wrong. You are probably using the stock market to gamble and that is not investing. I think proper investing is buying shares in good companies and holding on to them. This can be boring, but you can make money.
I was reminded of this when someone asked me about investing in marijuana stock when they are not an investor. They thought that it would be a good investment opportunity. Investing in this industry at this time is just a crapshoot. Who knows what stocks will be the winner? Investing in the next big thing is more like gambling, not investing.
As with all gambling you hear of people winning big in the stock market and some people do. However, with all gambling there are a lot of people who miss out. Where the small investor or retail investor really losses, is when there is a bear market, they panic and sell. If you have good solid companies that you have bought stock of, you do not need to do this. You can hold your shares because like bull markets, bear markets do not last forever.
What sort of thing am I doing? I am investing in cheese via Saputo Inc (TSX-SAP, OTC-SAPIF) rather than in weed, or bitcoin. Saputo not only has revenue, but it also, more importantly has earnings.
On my other blog I wrote yesterday about Empire Company Ltd (TSX-EMP.A, OTC-EMLAF) ... learn more. Next, I will write about Morneau Shepell Inc (TSX-MSI, OTC-MSIXF) ... learn more on July 12, 2019 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.
I was reminded of this when someone asked me about investing in marijuana stock when they are not an investor. They thought that it would be a good investment opportunity. Investing in this industry at this time is just a crapshoot. Who knows what stocks will be the winner? Investing in the next big thing is more like gambling, not investing.
As with all gambling you hear of people winning big in the stock market and some people do. However, with all gambling there are a lot of people who miss out. Where the small investor or retail investor really losses, is when there is a bear market, they panic and sell. If you have good solid companies that you have bought stock of, you do not need to do this. You can hold your shares because like bull markets, bear markets do not last forever.
What sort of thing am I doing? I am investing in cheese via Saputo Inc (TSX-SAP, OTC-SAPIF) rather than in weed, or bitcoin. Saputo not only has revenue, but it also, more importantly has earnings.
On my other blog I wrote yesterday about Empire Company Ltd (TSX-EMP.A, OTC-EMLAF) ... learn more. Next, I will write about Morneau Shepell Inc (TSX-MSI, OTC-MSIXF) ... learn more on July 12, 2019 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, July 9, 2019
AG Growth
An article by Daily Buy Sell Advisor caught my eye because this is a stock that I own. The company is AG Growth (TSX-AFN, OTC-AGGZF). You can read the article here. MPL Communications tends to give good solid advise. They say here that this stock is a buy for gains and dividends. They feel that over the long run that agriculture has a positive outlook.
This company is Winnipeg based. The company says that AGI is a leading provider of equipment solutions for agriculture bulk commodities including seed, fertilizer, grain, feed, and food processing systems. AGI has manufacturing facilities in Canada, the United States, the United Kingdom, Brazil, France, Italy, and India, and distributes its product globally.
On my other blog I wrote yesterday about Suncor Energy Inc (TSX-SU, NYSE-SU) ... learn more. Next, I will write about Empire Company Ltd (TSX-EMP.A, OTC-EMLAF) ... learn more on Wednesday, July 10, 2019 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.
This company is Winnipeg based. The company says that AGI is a leading provider of equipment solutions for agriculture bulk commodities including seed, fertilizer, grain, feed, and food processing systems. AGI has manufacturing facilities in Canada, the United States, the United Kingdom, Brazil, France, Italy, and India, and distributes its product globally.
On my other blog I wrote yesterday about Suncor Energy Inc (TSX-SU, NYSE-SU) ... learn more. Next, I will write about Empire Company Ltd (TSX-EMP.A, OTC-EMLAF) ... learn more on Wednesday, July 10, 2019 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, July 4, 2019
Something to Buy July 2019
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 July 2019 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 now follow 22 stocks in the Consumer Discretionary category. Three of these stocks (14%) are showing as cheap by the historically high dividend yield and they are Dorel Industries (TSX-DII.B, OTC-DIIBF), Leon's Furniture (TSX-LNF, OTC-LEFUF), and Stingray Digital Group Inc (TSX-RAY.A). Magna International Inc. (TSX-MG, NYSE-MGA) has been removed from the list.
Eleven (or 50%) of Consumer Discretionary are showing cheap by historical median dividend yield. They are Canadian Tire Corp (TSX-CTC.A, OTC-CDNAF), Dorel Industries (TSX-DII.B, OTC-DIIBF), Goeasy Ltd (TSX-GSY, OTC-EHMEF), High Liner Foods (TSX-HLF, OTC-HLNFF), Leon's Furniture (TSX-LNF, OTC-LEFUF), Magna International Inc. (TSX-MG, NYSE-MGA), Molson Coors Canada (TSX-TPX.B, NYSE-TAP), Pizza Pizza Royalty Corp (TSX-PZA, OTC-PZRIF), Reitmans (Canada) Ltd. (TSX-RET.A, OTC-RTMAF), Richelieu Hardware Ltd. (TSX-RCH, OTC-RHUHF) and Stingray Digital Group Inc (TSX-RAY.A). There is no change from last month.
I now follow 10 Consumer Staples stocks. No companies are showing as cheap by the historically high dividend yield. There is no change from last month.
Four stocks (or 40%) are showing cheap by historical median dividend yield. These are Empire Company Ltd (TSX-EMP.A, OTC-EMLAF), Loblaw Companies (TSX-L, OTC-LBLCF), Metro Inc. (TSX-MRU, OTC-MTRAF) and Saputo Inc. (TSX-SAP, OTC-SAPIF). Empire Company Ltd (TSX-EMP.A, OTC-EMLAF), and Saputo Inc. (TSX-SAP, OTC-SAPIF) have been added to the list.
I only follow three Health Care stocks. One stock (or 33%) of these stocks is showing as cheap by the historically high dividend yield. That stock is HLS Therapeutics Inc (TSX-HLS, OTC-HLTRF). There is no change from last month.
Three or 100% are cheap by the historical median dividend yield. The stocks are HLS Therapeutics Inc (TSX-HLS, OTC-HLTRF), Johnson and Johnson (NYSE-JNJ), and Medtronic Inc. (NYSE-MDT). There is no change from last month.
I follow 10 Energy stocks. Three stock or 30% are showing as cheap by the historical high dividend yield. They are Canadian Natural Resources (TSX-CNQ, NYSE-CNQ), Ensign Energy Services (TSX-ESI, OTC-ESVIF), and Suncor Energy (TSX-SU, NYSE-SU). There is no change from last month.
There are six stocks (or 60%) 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), Husky Energy (TSX-HSE, OTC-HUSKF), Mullen Group (TSX-MTL, OTC-MLLGF) and Suncor Energy (TSX-SU, NYSE-SU). There is no change from last month.
I follow 8 Bank stocks. None are showing as cheap by the historically high dividend yield. There is no change from last month.
Six stocks (or 75%) are showing cheap by historical median dividend yield. They are Bank of Nova Scotia (TSX-BNS, NYSE-BNS), Barclays PLC (LSE-BARC, NYSE-BCS), CIBC (TSX-CM, NYSE-CM), National Bank of Canada (TSX-NA, OTC-NTIOF), Royal Bank (TSX-RY, NYSE-RY) and Toronto Dominion Bank (TSX-TD, NYSE-TD). There is no change from last month.
I follow 14 Financial Service stocks. Gluskin Sheff + Associates Inc. (TSX-GS, OTC-GLUSF) has been bought out by Onex Corp (TSX-ONEX, OTC-ONEXF). One stock is showing as cheap by the historically high dividend yield and that is Power Corp (TSX-POW, OTC-PWCDF). There is no change from last month.
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), Chesswood Group (TSX-CHW, OTC-CHWWF), Element Fleet Management Corp (TSX-EFN, OTC-ELEEF), Equitable Group Inc. (TSX-EQB, OTC-EQGPF), IGM Financial (TSX-IGM, OTC-IGIFF), and Power Corp (TSX-POW, OTC-PWCDF). CI Financial (TSX-CIX, OTC-CIFAF), and Gluskin Sheff + Associates Inc. (TSX-GS, OTC-GLUSF) have been removed from the list.
I follow 6 Insurance stocks. None are showing as cheap by the historically high dividend yield. There is no change from last month.
Five stocks (or 83%) 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), 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 showing as cheap by the historically high dividend yield. There is no change from last month.
Three stocks or 50% are showing as cheap by historical median dividend yield. They are Bird Construction Inc (TSX-BDT, OTC-BIRDF), 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. There is no change from last month.
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. This has not changed from last month.
Four stocks or 57% 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), Intertape Polymer Group Inc. (TSX-ITP, OTC-ITPOF), and PFB Corp (TSX-PFB, OTC-PFBOF). There is no change from last month.
I follow 16 Services stocks. One stock is showing as cheap by the historically high dividend yield and that is Transcontinental Inc (TSX-TCL.A, OTC-TCLAF). There is no change from last month.
Five stocks or 31% 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), Ritchie Bros Auctioneers Inc. (TSX-RBA, NYSE-RBA), Transcontinental Inc. (TSX-TCL.A, OTC-TCLAF) and Wajax Corp (TSX-WJX, OTC-WJXFF). There is no change from last month.
I follow 9 Material stocks. None are showing as cheap by the historically high dividend yield. This has not changed from last month.
Six stock or 67% are showing as cheap by historical median dividend yield. The stocks are Barrick Gold Corp (TSX-ABX, NYSE-ABX), Chemtrade Logistics Inc. Fund (TSX-CHE.UN, OTC-CGIFF), Hardwoods Distribution Inc. (TSX-HDI, OTC-HDIUF), Methanex Corp (TSX-MX, NASDAQ-MEOH), Stella-Jones (TSX-SJ, OTC-STLJF), and Supremex Inc (TSX-SXP, OTC-SUMXF). There is no change from last month.
I follow 10 Real Estate stocks. No stock is showing as cheap by historically high dividend yield. There is no change from last month. Two stocks (or 20%) are showing cheap by historical median dividend yield. They are Granite Real Estate (TSX-GRT.UN, NYSE-GRP.U) and Melcor Developments Inc. (TSX-MRD, OTC-MODVF). There is no change from last month.
I follow 4 of the Telecom Service stocks. No stocks are showing as cheap by historically high dividend yield. This has not changed from last month.
Four stocks (or 100%) are showing cheap by historical median dividend yield. These stocks are BCE (TSX-BCE, NYSE-BCE), Quarterhaill Inc (TSX-QTRH, NASDAQ-QTRH), Shaw Communications Inc. (TSX-SJR.B, NYSE-SJR) and Telus Corp (TSX-T, NYSE-TU). This has not changed from last month.
I follow 8 Info Tech stocks. None are showing as cheap by historical high dividend yield. There is no change from last month.
Three stocks (or 38%) 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), and Sylogist Ltd (TSXV-SYZ, OTC-SYZLF). Evertz Technologies (TSX-ET, OTC-EVTZF) has been removed from the list.
I follow 6 of the Infrastructure type utility companies. None are showing as cheap by historical high dividend yield. This has not changed from last month.
Three stocks (or 50%) are showing cheap by historical median dividend yield. They are), Enbridge Inc. (TSX-ENB, NYSE-ENB), Keyera Corp (TSX-KEY, OTC-KEYUF) and TC Energy Corp (TSX-TRP, NYSE-TRP). There is no change from last month.
I follow 11 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.
Three stocks (or 27%) 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 Just Energy Group Inc. (TSX-JE, NYSE-JE). There is not change from last month.
On my other blog I wrote yesterday about Intact Financial Corp (TSX-IFC, OTC-IFCZF) ... learn more. Next, I will write about Premium Brands Holdings Corp (TSX-PBH, OTC-PRBZF) ... learn more on Friday, July 5, 2019 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 July 2019 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 now follow 22 stocks in the Consumer Discretionary category. Three of these stocks (14%) are showing as cheap by the historically high dividend yield and they are Dorel Industries (TSX-DII.B, OTC-DIIBF), Leon's Furniture (TSX-LNF, OTC-LEFUF), and Stingray Digital Group Inc (TSX-RAY.A). Magna International Inc. (TSX-MG, NYSE-MGA) has been removed from the list.
Eleven (or 50%) of Consumer Discretionary are showing cheap by historical median dividend yield. They are Canadian Tire Corp (TSX-CTC.A, OTC-CDNAF), Dorel Industries (TSX-DII.B, OTC-DIIBF), Goeasy Ltd (TSX-GSY, OTC-EHMEF), High Liner Foods (TSX-HLF, OTC-HLNFF), Leon's Furniture (TSX-LNF, OTC-LEFUF), Magna International Inc. (TSX-MG, NYSE-MGA), Molson Coors Canada (TSX-TPX.B, NYSE-TAP), Pizza Pizza Royalty Corp (TSX-PZA, OTC-PZRIF), Reitmans (Canada) Ltd. (TSX-RET.A, OTC-RTMAF), Richelieu Hardware Ltd. (TSX-RCH, OTC-RHUHF) and Stingray Digital Group Inc (TSX-RAY.A). There is no change from last month.
I now follow 10 Consumer Staples stocks. No companies are showing as cheap by the historically high dividend yield. There is no change from last month.
Four stocks (or 40%) are showing cheap by historical median dividend yield. These are Empire Company Ltd (TSX-EMP.A, OTC-EMLAF), Loblaw Companies (TSX-L, OTC-LBLCF), Metro Inc. (TSX-MRU, OTC-MTRAF) and Saputo Inc. (TSX-SAP, OTC-SAPIF). Empire Company Ltd (TSX-EMP.A, OTC-EMLAF), and Saputo Inc. (TSX-SAP, OTC-SAPIF) have been added to the list.
I only follow three Health Care stocks. One stock (or 33%) of these stocks is showing as cheap by the historically high dividend yield. That stock is HLS Therapeutics Inc (TSX-HLS, OTC-HLTRF). There is no change from last month.
Three or 100% are cheap by the historical median dividend yield. The stocks are HLS Therapeutics Inc (TSX-HLS, OTC-HLTRF), Johnson and Johnson (NYSE-JNJ), and Medtronic Inc. (NYSE-MDT). There is no change from last month.
I follow 10 Energy stocks. Three stock or 30% are showing as cheap by the historical high dividend yield. They are Canadian Natural Resources (TSX-CNQ, NYSE-CNQ), Ensign Energy Services (TSX-ESI, OTC-ESVIF), and Suncor Energy (TSX-SU, NYSE-SU). There is no change from last month.
There are six stocks (or 60%) 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), Husky Energy (TSX-HSE, OTC-HUSKF), Mullen Group (TSX-MTL, OTC-MLLGF) and Suncor Energy (TSX-SU, NYSE-SU). There is no change from last month.
I follow 8 Bank stocks. None are showing as cheap by the historically high dividend yield. There is no change from last month.
Six stocks (or 75%) are showing cheap by historical median dividend yield. They are Bank of Nova Scotia (TSX-BNS, NYSE-BNS), Barclays PLC (LSE-BARC, NYSE-BCS), CIBC (TSX-CM, NYSE-CM), National Bank of Canada (TSX-NA, OTC-NTIOF), Royal Bank (TSX-RY, NYSE-RY) and Toronto Dominion Bank (TSX-TD, NYSE-TD). There is no change from last month.
I follow 14 Financial Service stocks. Gluskin Sheff + Associates Inc. (TSX-GS, OTC-GLUSF) has been bought out by Onex Corp (TSX-ONEX, OTC-ONEXF). One stock is showing as cheap by the historically high dividend yield and that is Power Corp (TSX-POW, OTC-PWCDF). There is no change from last month.
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), Chesswood Group (TSX-CHW, OTC-CHWWF), Element Fleet Management Corp (TSX-EFN, OTC-ELEEF), Equitable Group Inc. (TSX-EQB, OTC-EQGPF), IGM Financial (TSX-IGM, OTC-IGIFF), and Power Corp (TSX-POW, OTC-PWCDF). CI Financial (TSX-CIX, OTC-CIFAF), and Gluskin Sheff + Associates Inc. (TSX-GS, OTC-GLUSF) have been removed from the list.
I follow 6 Insurance stocks. None are showing as cheap by the historically high dividend yield. There is no change from last month.
Five stocks (or 83%) 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), 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 showing as cheap by the historically high dividend yield. There is no change from last month.
Three stocks or 50% are showing as cheap by historical median dividend yield. They are Bird Construction Inc (TSX-BDT, OTC-BIRDF), 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. There is no change from last month.
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. This has not changed from last month.
Four stocks or 57% 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), Intertape Polymer Group Inc. (TSX-ITP, OTC-ITPOF), and PFB Corp (TSX-PFB, OTC-PFBOF). There is no change from last month.
I follow 16 Services stocks. One stock is showing as cheap by the historically high dividend yield and that is Transcontinental Inc (TSX-TCL.A, OTC-TCLAF). There is no change from last month.
Five stocks or 31% 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), Ritchie Bros Auctioneers Inc. (TSX-RBA, NYSE-RBA), Transcontinental Inc. (TSX-TCL.A, OTC-TCLAF) and Wajax Corp (TSX-WJX, OTC-WJXFF). There is no change from last month.
I follow 9 Material stocks. None are showing as cheap by the historically high dividend yield. This has not changed from last month.
Six stock or 67% are showing as cheap by historical median dividend yield. The stocks are Barrick Gold Corp (TSX-ABX, NYSE-ABX), Chemtrade Logistics Inc. Fund (TSX-CHE.UN, OTC-CGIFF), Hardwoods Distribution Inc. (TSX-HDI, OTC-HDIUF), Methanex Corp (TSX-MX, NASDAQ-MEOH), Stella-Jones (TSX-SJ, OTC-STLJF), and Supremex Inc (TSX-SXP, OTC-SUMXF). There is no change from last month.
I follow 10 Real Estate stocks. No stock is showing as cheap by historically high dividend yield. There is no change from last month. Two stocks (or 20%) are showing cheap by historical median dividend yield. They are Granite Real Estate (TSX-GRT.UN, NYSE-GRP.U) and Melcor Developments Inc. (TSX-MRD, OTC-MODVF). There is no change from last month.
I follow 4 of the Telecom Service stocks. No stocks are showing as cheap by historically high dividend yield. This has not changed from last month.
Four stocks (or 100%) are showing cheap by historical median dividend yield. These stocks are BCE (TSX-BCE, NYSE-BCE), Quarterhaill Inc (TSX-QTRH, NASDAQ-QTRH), Shaw Communications Inc. (TSX-SJR.B, NYSE-SJR) and Telus Corp (TSX-T, NYSE-TU). This has not changed from last month.
I follow 8 Info Tech stocks. None are showing as cheap by historical high dividend yield. There is no change from last month.
Three stocks (or 38%) 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), and Sylogist Ltd (TSXV-SYZ, OTC-SYZLF). Evertz Technologies (TSX-ET, OTC-EVTZF) has been removed from the list.
I follow 6 of the Infrastructure type utility companies. None are showing as cheap by historical high dividend yield. This has not changed from last month.
Three stocks (or 50%) are showing cheap by historical median dividend yield. They are), Enbridge Inc. (TSX-ENB, NYSE-ENB), Keyera Corp (TSX-KEY, OTC-KEYUF) and TC Energy Corp (TSX-TRP, NYSE-TRP). There is no change from last month.
I follow 11 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.
Three stocks (or 27%) 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 Just Energy Group Inc. (TSX-JE, NYSE-JE). There is not change from last month.
On my other blog I wrote yesterday about Intact Financial Corp (TSX-IFC, OTC-IFCZF) ... learn more. Next, I will write about Premium Brands Holdings Corp (TSX-PBH, OTC-PRBZF) ... learn more on Friday, July 5, 2019 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, July 2, 2019
Dividend Stocks July 2019
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 July 2019.
On this list,
Empire Company Ltd (TSX-EMP.A, OTC-EMLAF)
Medtronic Inc. (NYSE-MDT)
Gluskin Sheff + Associates Inc. (TSX-GS, OTC-GLUSF) has been taken private by Onex Corp (TSX-ONEX, OTC- ONEXF) as of June 4, 2019. This company has been delisted from the TSX.
Of the stocks I follow, no stock has cut or suspended or terminated their dividends. There is a tension between needing money for investing in growth and paying dividends.
Most of my stocks started out as Dividend Payers. Currently 13 stocks are not paying any dividends and this would be some 8.39% of the stocks that I follow. Four of these stocks never had dividends, so 5.81% of the stocks I follow have suspended their dividends. The three stocks that never paid dividends are Ballard Power Systems Inc. (TSX-BLD, NASDAQ-BLDP), Blackberry Ltd. (TSX-BB, NASDAQ-BBRY) and Trigon Metals Inc. (TSX-TM, OTC-PNTZF).
I am showing whether a stock is relatively cheap based on historical high dividend yields (P/Hi), historical average dividend yields (P/Ave), historical median dividend yields (P/Med) or on 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 it is not a valid test, I use N to show this.
Also, on some stocks I have a lot more information years in my spreadsheets than for other stocks. So, finding a stock on the list as "cheap" is only the first step in finding a stock to buy. This is the same with any other sort of stock filters that you can use.
The last thing to remember is that I have entering figures into a spreadsheet. I could put them in incorrectly, I can transpose figures and I can misread figures. This is another great reason why you should check a stock out before investing. As this is just a filter, it works better on some stocks than on others.
See my entry on my methodology in establishing the historical dividend yield highs and lows for the stocks that I cover. I have an entry on my introduction to Dividend Growth. You might want to look at my original entry on Dividend Growth Stocks. I have also written about why I like Dividend Growth companies.
On my other blog I wrote today about Saputo Inc. (TSX-SAP, OTC-SAPIF) ... learn more. Next, I will write about Intact Financial Corp (TSX-IFC, OTC-IFCZF) ... learn more on Wednesday, July 3, 2019 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 July 2019.
On this list,
- I have 10 stocks with a dividend yield higher than the historical high dividend yield,
- I have 53 stocks with a dividend yield higher than the historical average dividend yield
- I have 78 stocks with a dividend yield higher than the historical median dividend yield and
- 83 stocks with a dividend yield higher than the 5 year average dividend yield.
- I have 11 stocks with a dividend yield higher than the historical high dividend yield,
- I have 50 stocks with a dividend yield higher than the historical average dividend yield
- I have 79 stocks with a dividend yield higher than the historical median dividend yield and
- 87 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.
Empire Company Ltd (TSX-EMP.A, OTC-EMLAF)
Medtronic Inc. (NYSE-MDT)
Gluskin Sheff + Associates Inc. (TSX-GS, OTC-GLUSF) has been taken private by Onex Corp (TSX-ONEX, OTC- ONEXF) as of June 4, 2019. This company has been delisted from the TSX.
Of the stocks I follow, no stock has cut or suspended or terminated their dividends. There is a tension between needing money for investing in growth and paying dividends.
Most of my stocks started out as Dividend Payers. Currently 13 stocks are not paying any dividends and this would be some 8.39% of the stocks that I follow. Four of these stocks never had dividends, so 5.81% of the stocks I follow have suspended their dividends. The three stocks that never paid dividends are Ballard Power Systems Inc. (TSX-BLD, NASDAQ-BLDP), Blackberry Ltd. (TSX-BB, NASDAQ-BBRY) and Trigon Metals Inc. (TSX-TM, OTC-PNTZF).
I am showing whether a stock is relatively cheap based on historical high dividend yields (P/Hi), historical average dividend yields (P/Ave), historical median dividend yields (P/Med) or on 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 it is not a valid test, I use N to show this.
Also, on some stocks I have a lot more information years in my spreadsheets than for other stocks. So, finding a stock on the list as "cheap" is only the first step in finding a stock to buy. This is the same with any other sort of stock filters that you can use.
The last thing to remember is that I have entering figures into a spreadsheet. I could put them in incorrectly, I can transpose figures and I can misread figures. This is another great reason why you should check a stock out before investing. As this is just a filter, it works better on some stocks than on others.
See my entry on my methodology in establishing the historical dividend yield highs and lows for the stocks that I cover. I have an entry on my introduction to Dividend Growth. You might want to look at my original entry on Dividend Growth Stocks. I have also written about why I like Dividend Growth companies.
On my other blog I wrote today about Saputo Inc. (TSX-SAP, OTC-SAPIF) ... learn more. Next, I will write about Intact Financial Corp (TSX-IFC, OTC-IFCZF) ... learn more on Wednesday, July 3, 2019 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.
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