Gordon Pape of Money Show talks about why Pembina Pipelines (TSX-PPL, NYSE-PBA) is a good deal at the present time. He says that the company continues to express confidence in covering its dividend, although the stock market is skeptical.
On my other blog I wrote yesterday about Element Fleet Management Corp (TSX-EFN, OTC-ELEEF) ... learn more. Next, I will write about Metro Inc (TSX-MRU, OTC-MTRAF) ... learn more on January 1, 2021 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, December 31, 2020
Tuesday, December 29, 2020
One Rule in Investing
The number one rule in investing is never buy what you do not understand.
If it is a company do you under the risk? Do you know how they make their money? Do you know how much debt they have? If they pay dividends, do you know if they can afford their dividends? Do you know if the current stock price is reasonable?
If an ETF, do you understand the products this ETF holds? Do you know what fees you will be paying? Do you know how they will make or lose money?
If a Mutual Fund, do you understand what products this Mutual Fund holds. Do you know what fees you will be paying? Do you know how they will make or lose money?
On my other blog I wrote yesterday about Bird Construction Inc (TSX-BDT, OTC-BIRDF) ... learn more. Next, I will write about Element Fleet Management Corp (TSX-EFN, OTC-ELEEF) ... learn more on Wednesday, December 30, 2020 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.
If it is a company do you under the risk? Do you know how they make their money? Do you know how much debt they have? If they pay dividends, do you know if they can afford their dividends? Do you know if the current stock price is reasonable?
If an ETF, do you understand the products this ETF holds? Do you know what fees you will be paying? Do you know how they will make or lose money?
If a Mutual Fund, do you understand what products this Mutual Fund holds. Do you know what fees you will be paying? Do you know how they will make or lose money?
On my other blog I wrote yesterday about Bird Construction Inc (TSX-BDT, OTC-BIRDF) ... learn more. Next, I will write about Element Fleet Management Corp (TSX-EFN, OTC-ELEEF) ... learn more on Wednesday, December 30, 2020 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, December 24, 2020
Future of Dividends
here is an interesting article by Maike Currie in the Financial Post. It would seem that Warren Buffet does not like stocks that pay dividends. He rather the company reinvest in the company than pay dividends. Do not forget that Buffet has varying amount of control over the companies he invests in. Individual shareholders do not. As an individual investor, it is much harder to invest for capital gains compared to investing for dividends.
I like a compromise where dividends are paid, but they are at a low level of DPRs and the company still has money to reinvest. Anything I have read is that company that pay dividends tend to outlast ones that do not. There is nothing like having to pay hard cash as dividends to establish that the company is really making money.
Personally, I have never gone for investing in high yield stocks (or ones with yields 5% or above). This is not the sort I like. These sorts of companies also have a tendency to get into financial difficulties. I like stocks with yields in 2% range and good increases. I also like stocks in 1% range and good increases. I do not go below 1%, as it takes too long, even with good increases, to get a good yield on your original investment.
On my other blog I wrote yesterday about Chartwell Retirement Residences (TSX-CSH.UN, OTC-CWSRF) ... learn more. Next, I will write about Sienna Senior Living Inc (TSX-SIA, OTC- LWSCF) ... learn more on Thursday, December 24, 2020 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 like a compromise where dividends are paid, but they are at a low level of DPRs and the company still has money to reinvest. Anything I have read is that company that pay dividends tend to outlast ones that do not. There is nothing like having to pay hard cash as dividends to establish that the company is really making money.
Personally, I have never gone for investing in high yield stocks (or ones with yields 5% or above). This is not the sort I like. These sorts of companies also have a tendency to get into financial difficulties. I like stocks with yields in 2% range and good increases. I also like stocks in 1% range and good increases. I do not go below 1%, as it takes too long, even with good increases, to get a good yield on your original investment.
On my other blog I wrote yesterday about Chartwell Retirement Residences (TSX-CSH.UN, OTC-CWSRF) ... learn more. Next, I will write about Sienna Senior Living Inc (TSX-SIA, OTC- LWSCF) ... learn more on Thursday, December 24, 2020 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, December 22, 2020
Barrick Gold
Adrian Day on the Money Show site says this stock is one of the best and one of the most undervalued gold miners. He admired Dr. Bristow, the CEO of this company and thinks he has done a great job with less than two years at the helm of the company.
On my other blog I wrote yesterday about Richards Packaging Income Fund (TSX-RPI.UN, OTC-RPKIF) ... learn more. Next, I will write about Chartwell Retirement Residences (TSX-CSH.UN, OTC-CWSRF) ... learn more on Tuesday, December 23, 2020 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.
On my other blog I wrote yesterday about Richards Packaging Income Fund (TSX-RPI.UN, OTC-RPKIF) ... learn more. Next, I will write about Chartwell Retirement Residences (TSX-CSH.UN, OTC-CWSRF) ... learn more on Tuesday, December 23, 2020 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, December 17, 2020
TFI International
Gordon Pape on Money Show talks about TFI International. He says it is a Truckload of protentional. I own this stock. It has been rising strongly since the March 2020 correction. I have had it since 2017 and have current total return of 32% per year.
On my other blog I wrote yesterday about Methanex Corp (TSX-MX, NASDAQ-MEOH) ... learn more. Next, I will write about Magna International Inc (TSX-MG, NYSE-MGA) ... learn more on Friday, December 18, 2020 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.
On my other blog I wrote yesterday about Methanex Corp (TSX-MX, NASDAQ-MEOH) ... learn more. Next, I will write about Magna International Inc (TSX-MG, NYSE-MGA) ... learn more on Friday, December 18, 2020 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, December 15, 2020
Johnson and Johnson
Ben Reynolds of Money Show talks about Johnson and Johnson as a buy and hold forever stock. He says that this company is diversified and has a long history of generating steady growth. It has also raised its dividend every year for the past 36 years.
On my other blog I wrote yesterday about Stantec Inc (TSX-STN, NYSE-STN) ... learn more. Next, I will write about Methanex Corp (TSX-MX, NASDAQ-MEOH) ... learn more on Wednesday, December 16, 2020 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.
On my other blog I wrote yesterday about Stantec Inc (TSX-STN, NYSE-STN) ... learn more. Next, I will write about Methanex Corp (TSX-MX, NASDAQ-MEOH) ... learn more on Wednesday, December 16, 2020 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, December 10, 2020
Investing Sins
In this article Peter Hodson is interviewed by Adam Mayers. Peter advises us not to sell our winners too soon and not to hold onto our losers too long. The article is entitled Avoid these 5 deadly investing sins: The Five Deadly Investment Sins start with the temptation to sell stocks too soon.
On my other blog I wrote yesterday about Keg Royalties Income Fund (TSX-KEG.UN, OTC-KRIUF) ... learn more. Next, I will write about FirstService Corp (TSX-FSV, NASDAQ-FSV) ... learn more on Friday, December 11, 2020 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
On my other blog I wrote yesterday about Keg Royalties Income Fund (TSX-KEG.UN, OTC-KRIUF) ... learn more. Next, I will write about FirstService Corp (TSX-FSV, NASDAQ-FSV) ... learn more on Friday, December 11, 2020 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, December 8, 2020
Dividend Investing
I have been reading lately a lot about how Canadians who picked Canadian Dividend stock because of the dividend yields are having trouble and they are losing money. I do not pick Canadian Dividend stock based solely on their dividend rate.
There is a trade of between dividend yields and dividend increases. Therefore, I chose dividend stocks that have a low (below 2%), moderate (2% to 4%) or good (5% and 6%) dividend yield with most of the stock falling into the moderate rate. I only go for good rates for REITs, otherwise I stay away from stocks with dividend yields in this category, when the dividend yields are normally in this category.
Dividend growth rates are low (below 8%), moderate (8% to 14% range) and good (15% and higher). I especially like stocks with moderate yields and moderate dividend growth rates. This is the category that most Canadian banks fit.
However, I also have dividend yields stocks in the low category if they have a decent history of dividend increases. I do not buy these stocks when they dividend yield is below 1%. Even if the stock has generally its yield below 1%, I wait to buy when it is at 1% or higher.
For the portfolio, where I live off of the dividends, I try to keep the dividend yield overall around 3.5% and the growth rate around 8% to 10%. However, dividend growth rates can vary a lot depending on how well the stock market is doing. Dividend growth rates tend to be good in a bull market and lower when in a bear market. They are good in an economic expansion and lower in an economic recession.
On my other blog I wrote yesterday about Stella-Jones Inc (TSX-SJ, OTC-STLJF) ... learn more. Next, I will write about Keg Royalties Income Fund (TSX-KEG.UN, OTC-KRIUF) ... learn more on Wednesday, December 9, 2020 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.
There is a trade of between dividend yields and dividend increases. Therefore, I chose dividend stocks that have a low (below 2%), moderate (2% to 4%) or good (5% and 6%) dividend yield with most of the stock falling into the moderate rate. I only go for good rates for REITs, otherwise I stay away from stocks with dividend yields in this category, when the dividend yields are normally in this category.
Dividend growth rates are low (below 8%), moderate (8% to 14% range) and good (15% and higher). I especially like stocks with moderate yields and moderate dividend growth rates. This is the category that most Canadian banks fit.
However, I also have dividend yields stocks in the low category if they have a decent history of dividend increases. I do not buy these stocks when they dividend yield is below 1%. Even if the stock has generally its yield below 1%, I wait to buy when it is at 1% or higher.
For the portfolio, where I live off of the dividends, I try to keep the dividend yield overall around 3.5% and the growth rate around 8% to 10%. However, dividend growth rates can vary a lot depending on how well the stock market is doing. Dividend growth rates tend to be good in a bull market and lower when in a bear market. They are good in an economic expansion and lower in an economic recession.
On my other blog I wrote yesterday about Stella-Jones Inc (TSX-SJ, OTC-STLJF) ... learn more. Next, I will write about Keg Royalties Income Fund (TSX-KEG.UN, OTC-KRIUF) ... learn more on Wednesday, December 9, 2020 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, December 3, 2020
Something to Buy December 2020
There is always something to buy in the stock market. On Tuesday, I put out a list of the stocks that I covered and showed what stock might be a good deal based on dividend yield. Now I am trying to categorize what sorts of stocks may be a good deal based on dividend yield. The dividend yield test in this note is a quick way of finding possible stock buys. See my Spreadsheet .
The advantages to using dividend yield to judge how cheap or expensive a stock is, is that you are not using estimates or old data (like last reported quarter's data). You are using today's stock price and today's dividend yield. However, this is just a place to start. It is a good idea to check the stock price with other tests, especially the P/S Ratio test. For other testing, like P/E Ratios, P/S Ratios, P/CF Ratios, P/BV Ratios and Price/Graham Price Ratios, you use estimates or data from the last reported financial quarter.
If a stock is showing as a buy using the dividend yield test, I usually like to verify it is a buy by doing a P/S Ratio test. Here you compare the current P/S Ratio to the 10 year median P/S Ratio. If the current P/S Ratio is lower than the 10 year median, then the stock is a buy. I note that Morningstar gives a current P/S Ratio. The 10 year median ratio is shown in my review of a stock. The 10 year median ratio in a review is good for one year from the date of review.
This historical dividend yield test does not work well for old Income Trust companies. These companies had quite high Dividend Yields which will probably never be seen again. So, I started a column called VT (for Valid Test) and this applies to checking stock price using dividend yield. If it is not a valid test, I use N to show this. For these stocks, you might be better comparing the current dividend yield to the 10 year median dividend yield.
However, no system is perfect. But if you are interested in buying a stock a list of stocks cheap or reasonable using dividend yield data might be a good place to start.
Categorizing stocks is not as simple as it might seem. Every site you go to has categorized stocks a bit differently. I try to keep this as simple as possible. See Something to Buy December 2020 Spreadsheet above 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 23 stocks in the Consumer Discretionary category. None of these stocks (0%) is showing as cheap by the historically high dividend yield. Stingray Digital Group Inc (TSX-RAY.A) has been deleted from this list.
Five (22%) of Consumer Discretionary are showing cheap by historical median dividend yield. They are Canadian Tire Corp (TSX-CTC.A, OTC-CDNAF), Goeasy Ltd (TSX-GSY, OTC-EHMEF), Leon's Furniture (TSX-LNF, OTC-LEFUF), Magna International Inc. (TSX-MG, NYSE-MGA), and Stingray Digital Group Inc (TSX-RAY.A). There is no change from last month.
I follow 10 Consumer Staples stocks. No stocks are showing as cheap by the historically high dividend yield. There is no change from last month.
Five stocks (50%) are showing cheap by historical median dividend yield. These are Alimentation Couche-Tard (TSX-ATD.B, OTC-ANCUF), 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 Metro Inc (TSX-MRU, OTC-MTRAF) have been added to this list.
I follow Five Health Care stocks. None of these stocks (0%) is showing as cheap by the historically high dividend yield. HLS Therapeutics Inc (TSX-HLS, OTC-HLTRF) has been removed from this list.
Three stocks (60%) 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). Sienna Senior Living Inc (TSX-SIA, OTC-LWSCF) has been removed from this list.
I follow 10 Energy stocks. One of these stocks (10%) is showing as cheap by the historical high dividend yield. It is Canadian Natural Resources (TSX-CNQ, NYSE-CNQ). Suncor Energy (TSX-SU, NYSE-SU) has been removed from this list.
There are three stocks (30%) showing as cheap by historical median dividend yield. They are Canadian Natural Resources (TSX-CNQ, NYSE-CNQ), Ovintiv Inc (TSX-OVV, OTC-OVV), and Suncor Energy (TSX-SU, NYSE-SU). There is no change from last month.
I follow 8 Bank stocks. None of these stocks (0%) is showing as cheap by the historically high dividend yield. Toronto Dominion Bank (TSX-TD, NYSE-TD) has been removed from this list.
Four stocks (50%) are showing as cheap by historical median dividend yield. They are Bank of Nova Scotia (TSX-BNS, NYSE-BNS), CIBC (TSX-CM, NYSE-CM), Royal Bank (TSX-RY, NYSE-RY), and Toronto Dominion Bank (TSX-TD, NYSE-TD). Bank of Montreal (TSX-BMO, NYSE-BMO), and National Bank of Canada (TSX-NA, OTC-NTIOF) has been removed from this list.
I follow 13 Financial Service stocks. None of these stocks (0%) are showing as cheap by the historically high dividend yield. Atrium Mortgage Investment Corp (TSX-AI, OTC-AMIVF), IGM Financial (TSX-IGM, OTC-IGIFF), and Power Corp (TSX-POW, OTC-PWCDF) has been deleted from this list.
Eight stocks (62%) are showing as 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 Equity Partners Income Trust (TSX-AD.UN, OTC-ALARF), Atrium Mortgage Investment Corp (TSX-AI, OTC-AMIVF), CI Financial (TSX-CIX, OTC-CIFAF), Equitable Group Inc (TSX-EQB, OTC-EQGPF), 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 of these stocks (0%) are showing as cheap by the historically high dividend yield. Great-West Lifeco Inc. (TSX-GWO, OTC-GWLIF), and Manulife Financial Corp (TSX-MFC, NYSE-MFC) has been deleted from this list.
Five stocks (83%) are showing as cheap by historical median dividend yield. These stocks are Genworth MI Canada Inc (TSX-MIC, OTC-GMICF), Great-West Lifeco Inc. (TSX-GWO, OTC-GWLIF), IA Financial Corp (TSX-IAG, OTC-IDLLF), Manulife Financial Corp (TSX-MFC, NYSE-MFC), and Sun Life Financial (TSX-SLF, NYSE-SLF). There is no change from last month.
I follow 33 Industrial stocks. Because I have so many 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 7 Construction stocks. One stock (14%) is showing as cheap by the historically high dividend yield. This stock is Aecon Group Inc (TSX-ARE, OTC-AEGXF). There is no change from last month.
Two stocks (29%) are showing as cheap by historical median dividend yield. They are Aecon Group Inc (TSX-ARE, OTC-AEGXF), and Stantec Inc. (TSX-STN, NYSE-STN). Bird Construction Inc (TSX-BDT, OTC-BIRDF) has been deleted from this list.
I have 3 stocks I have left with the sub-index of Industrial. None of these stocks (0%) is showing as cheap by the historically high dividend yield. There is no change from last month.
Two stock (66%) 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 of these stocks (0%) are showing as cheap by the historically high dividend yield. Hammond Power Solutions Inc (TSX-HPS.A, OTC-HMDPF) and Intertape Polymer Group Inc (TSX-ITP, OTC-ITPOF) have been deleted from this list.
Two stocks (29%) are showing as cheap by historical median dividend yield. They are Exco Technologies Ltd. (TSX-XTC, OTC-EXCOF), and Hammond Power Solutions Inc (TSX-HPS.A, OTC-HMDPF). Intertape Polymer Group Inc (TSX-ITP, OTC-ITPOF) has been deleted from this list.
I follow 16 Services stocks. None of these stocks (0%) are showing as cheap by the historically high dividend yield. There is no change from last month.
Four stocks (25%) 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), Transcontinental Inc (TSX-TCL.A, OTC-TCLAF) and Wajax Corp (TSX-WJX, OTC-WJXFF). Parkland Fuel Corp (TSX-PKI, OTC-PKIUF) has been deleted from this list.
I follow 10 Material stocks. One stock (10%) is showing as cheap by the historically high dividend yield. It is Kirkland Lake Gold (TSX-KL, NYSE-KL). There is no change from last month.
Four stock (40%) 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), Kirkland Lake Gold (TSX-KL, NYSE-KL), and Stella-Jones (TSX-SJ, OTC-STLJF). There is no change from last month
I follow 10 Real Estate stocks. No stocks (0%) are showing as cheap by historically high dividend yield. There is no change from last month.
Three stocks (30%) are showing as cheap by historical median dividend yield. They are First Capital Realty (TSX-FCR.UN, OTC-FCXXF), Melcor Developments Inc. (TSX-MRD, OTC-MODVF), and SmartCentres REIT (TSX-SRU.UN, OTC-CWYUF). Choice Properties REIT (TSX-CHP.UN, OTC-PPRQF), and H & R REIT (TSX-HR.UN, OTC-HRUFF) have been removed from this list.
I follow 3 of the Telecom Service stocks. One stocks (33%) is showing as cheap by historically high dividend yield. It is Shaw Communications Inc (TSX-SJR.B, NYSE-SJR). There is no change from last month.
Three stocks (100%) 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). There is no change from last month.
I follow 9 Tech stocks. Pivot Technology Solutions (TSX-PTG, OTC-PVVTF) has been deleted from this list as it has been bought out. No stocks (0%) are showing as cheap by historical high dividend yield. There is no change from last month.
Two stocks (20%) are showing cheap by historical median dividend yield. They are Computer Modelling Group Ltd (TSX-CMG, OTC-CMDXF), and Sylogist Ltd (TSXV-SYZ, OTC-SYZLF). There is no change from last month.
I follow 8 of the Infrastructure type utility companies. One stock (14%) is showing as cheap by historical high dividend yield. It is Enbridge Inc. (TSX-ENB, NYSE-ENB). This is no change from last month.
Five stocks (63%) are showing cheap by historical median dividend yield. They are Capital Power Corp. (TSX-CPX, OTC-CPRHF), Enbridge Inc. (TSX-ENB, NYSE-ENB), Keyera Corp (TSX-KEY, OTC-KEYUF), Pembina Pipeline Corp (TSX-PPL, NYSE-PBA) and TC Energy Corp (TSX-TRP, NYSE-TRP). There is no change from last month.
I follow 10 of the Power type utility companies. One stock (10%) is showing as cheap by historical high dividend yield. It is ATCO Ltd (TSX-ACO.X, OTC-ACLLF). There is no change from last month.
Two stocks (30%) are showing as cheap by historical median dividend yield. Those stocks are ATCO Ltd (TSX-ACO.X, OTC-ACLLF), and Canadian Utilities Ltd (TSX-CU, OTC-CDUAF). Emera Inc (TSX-EMA, OTC-EMRAF) has been deleted from this list.
On my other blog I wrote yesterday about Wild Brain Ltd (TSX-WILD, OTC- WLDBF) ... learn more. Next, I will write about First Capital REIT (TSX-FCR, OTC-FCRGF) ... learn more on Friday, November 4, 2020 around 5 pm.
This blog is meant for educational purposes only and is not to provide investment advice. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.
See my site for an index to these blog entries and for stocks followed. I have three blogs. The first talks only about specific stocks and is called Investment Talk . The second one contains information on mostly investing and is called Investing Economics Mostly. My last blog is for my book reviews and it is called Non-Fiction Mostly. Follow me on Twitter. I am on Instagram. Or you can just Google #walktoronto spbrunner8166 to see my pictures.
The advantages to using dividend yield to judge how cheap or expensive a stock is, is that you are not using estimates or old data (like last reported quarter's data). You are using today's stock price and today's dividend yield. However, this is just a place to start. It is a good idea to check the stock price with other tests, especially the P/S Ratio test. For other testing, like P/E Ratios, P/S Ratios, P/CF Ratios, P/BV Ratios and Price/Graham Price Ratios, you use estimates or data from the last reported financial quarter.
If a stock is showing as a buy using the dividend yield test, I usually like to verify it is a buy by doing a P/S Ratio test. Here you compare the current P/S Ratio to the 10 year median P/S Ratio. If the current P/S Ratio is lower than the 10 year median, then the stock is a buy. I note that Morningstar gives a current P/S Ratio. The 10 year median ratio is shown in my review of a stock. The 10 year median ratio in a review is good for one year from the date of review.
This historical dividend yield test does not work well for old Income Trust companies. These companies had quite high Dividend Yields which will probably never be seen again. So, I started a column called VT (for Valid Test) and this applies to checking stock price using dividend yield. If it is not a valid test, I use N to show this. For these stocks, you might be better comparing the current dividend yield to the 10 year median dividend yield.
However, no system is perfect. But if you are interested in buying a stock a list of stocks cheap or reasonable using dividend yield data might be a good place to start.
Categorizing stocks is not as simple as it might seem. Every site you go to has categorized stocks a bit differently. I try to keep this as simple as possible. See Something to Buy December 2020 Spreadsheet above 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 23 stocks in the Consumer Discretionary category. None of these stocks (0%) is showing as cheap by the historically high dividend yield. Stingray Digital Group Inc (TSX-RAY.A) has been deleted from this list.
Five (22%) of Consumer Discretionary are showing cheap by historical median dividend yield. They are Canadian Tire Corp (TSX-CTC.A, OTC-CDNAF), Goeasy Ltd (TSX-GSY, OTC-EHMEF), Leon's Furniture (TSX-LNF, OTC-LEFUF), Magna International Inc. (TSX-MG, NYSE-MGA), and Stingray Digital Group Inc (TSX-RAY.A). There is no change from last month.
I follow 10 Consumer Staples stocks. No stocks are showing as cheap by the historically high dividend yield. There is no change from last month.
Five stocks (50%) are showing cheap by historical median dividend yield. These are Alimentation Couche-Tard (TSX-ATD.B, OTC-ANCUF), 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 Metro Inc (TSX-MRU, OTC-MTRAF) have been added to this list.
I follow Five Health Care stocks. None of these stocks (0%) is showing as cheap by the historically high dividend yield. HLS Therapeutics Inc (TSX-HLS, OTC-HLTRF) has been removed from this list.
Three stocks (60%) 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). Sienna Senior Living Inc (TSX-SIA, OTC-LWSCF) has been removed from this list.
I follow 10 Energy stocks. One of these stocks (10%) is showing as cheap by the historical high dividend yield. It is Canadian Natural Resources (TSX-CNQ, NYSE-CNQ). Suncor Energy (TSX-SU, NYSE-SU) has been removed from this list.
There are three stocks (30%) showing as cheap by historical median dividend yield. They are Canadian Natural Resources (TSX-CNQ, NYSE-CNQ), Ovintiv Inc (TSX-OVV, OTC-OVV), and Suncor Energy (TSX-SU, NYSE-SU). There is no change from last month.
I follow 8 Bank stocks. None of these stocks (0%) is showing as cheap by the historically high dividend yield. Toronto Dominion Bank (TSX-TD, NYSE-TD) has been removed from this list.
Four stocks (50%) are showing as cheap by historical median dividend yield. They are Bank of Nova Scotia (TSX-BNS, NYSE-BNS), CIBC (TSX-CM, NYSE-CM), Royal Bank (TSX-RY, NYSE-RY), and Toronto Dominion Bank (TSX-TD, NYSE-TD). Bank of Montreal (TSX-BMO, NYSE-BMO), and National Bank of Canada (TSX-NA, OTC-NTIOF) has been removed from this list.
I follow 13 Financial Service stocks. None of these stocks (0%) are showing as cheap by the historically high dividend yield. Atrium Mortgage Investment Corp (TSX-AI, OTC-AMIVF), IGM Financial (TSX-IGM, OTC-IGIFF), and Power Corp (TSX-POW, OTC-PWCDF) has been deleted from this list.
Eight stocks (62%) are showing as 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 Equity Partners Income Trust (TSX-AD.UN, OTC-ALARF), Atrium Mortgage Investment Corp (TSX-AI, OTC-AMIVF), CI Financial (TSX-CIX, OTC-CIFAF), Equitable Group Inc (TSX-EQB, OTC-EQGPF), 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 of these stocks (0%) are showing as cheap by the historically high dividend yield. Great-West Lifeco Inc. (TSX-GWO, OTC-GWLIF), and Manulife Financial Corp (TSX-MFC, NYSE-MFC) has been deleted from this list.
Five stocks (83%) are showing as cheap by historical median dividend yield. These stocks are Genworth MI Canada Inc (TSX-MIC, OTC-GMICF), Great-West Lifeco Inc. (TSX-GWO, OTC-GWLIF), IA Financial Corp (TSX-IAG, OTC-IDLLF), Manulife Financial Corp (TSX-MFC, NYSE-MFC), and Sun Life Financial (TSX-SLF, NYSE-SLF). There is no change from last month.
I follow 33 Industrial stocks. Because I have so many 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 7 Construction stocks. One stock (14%) is showing as cheap by the historically high dividend yield. This stock is Aecon Group Inc (TSX-ARE, OTC-AEGXF). There is no change from last month.
Two stocks (29%) are showing as cheap by historical median dividend yield. They are Aecon Group Inc (TSX-ARE, OTC-AEGXF), and Stantec Inc. (TSX-STN, NYSE-STN). Bird Construction Inc (TSX-BDT, OTC-BIRDF) has been deleted from this list.
I have 3 stocks I have left with the sub-index of Industrial. None of these stocks (0%) is showing as cheap by the historically high dividend yield. There is no change from last month.
Two stock (66%) 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 of these stocks (0%) are showing as cheap by the historically high dividend yield. Hammond Power Solutions Inc (TSX-HPS.A, OTC-HMDPF) and Intertape Polymer Group Inc (TSX-ITP, OTC-ITPOF) have been deleted from this list.
Two stocks (29%) are showing as cheap by historical median dividend yield. They are Exco Technologies Ltd. (TSX-XTC, OTC-EXCOF), and Hammond Power Solutions Inc (TSX-HPS.A, OTC-HMDPF). Intertape Polymer Group Inc (TSX-ITP, OTC-ITPOF) has been deleted from this list.
I follow 16 Services stocks. None of these stocks (0%) are showing as cheap by the historically high dividend yield. There is no change from last month.
Four stocks (25%) 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), Transcontinental Inc (TSX-TCL.A, OTC-TCLAF) and Wajax Corp (TSX-WJX, OTC-WJXFF). Parkland Fuel Corp (TSX-PKI, OTC-PKIUF) has been deleted from this list.
I follow 10 Material stocks. One stock (10%) is showing as cheap by the historically high dividend yield. It is Kirkland Lake Gold (TSX-KL, NYSE-KL). There is no change from last month.
Four stock (40%) 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), Kirkland Lake Gold (TSX-KL, NYSE-KL), and Stella-Jones (TSX-SJ, OTC-STLJF). There is no change from last month
I follow 10 Real Estate stocks. No stocks (0%) are showing as cheap by historically high dividend yield. There is no change from last month.
Three stocks (30%) are showing as cheap by historical median dividend yield. They are First Capital Realty (TSX-FCR.UN, OTC-FCXXF), Melcor Developments Inc. (TSX-MRD, OTC-MODVF), and SmartCentres REIT (TSX-SRU.UN, OTC-CWYUF). Choice Properties REIT (TSX-CHP.UN, OTC-PPRQF), and H & R REIT (TSX-HR.UN, OTC-HRUFF) have been removed from this list.
I follow 3 of the Telecom Service stocks. One stocks (33%) is showing as cheap by historically high dividend yield. It is Shaw Communications Inc (TSX-SJR.B, NYSE-SJR). There is no change from last month.
Three stocks (100%) 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). There is no change from last month.
I follow 9 Tech stocks. Pivot Technology Solutions (TSX-PTG, OTC-PVVTF) has been deleted from this list as it has been bought out. No stocks (0%) are showing as cheap by historical high dividend yield. There is no change from last month.
Two stocks (20%) are showing cheap by historical median dividend yield. They are Computer Modelling Group Ltd (TSX-CMG, OTC-CMDXF), and Sylogist Ltd (TSXV-SYZ, OTC-SYZLF). There is no change from last month.
I follow 8 of the Infrastructure type utility companies. One stock (14%) is showing as cheap by historical high dividend yield. It is Enbridge Inc. (TSX-ENB, NYSE-ENB). This is no change from last month.
Five stocks (63%) are showing cheap by historical median dividend yield. They are Capital Power Corp. (TSX-CPX, OTC-CPRHF), Enbridge Inc. (TSX-ENB, NYSE-ENB), Keyera Corp (TSX-KEY, OTC-KEYUF), Pembina Pipeline Corp (TSX-PPL, NYSE-PBA) and TC Energy Corp (TSX-TRP, NYSE-TRP). There is no change from last month.
I follow 10 of the Power type utility companies. One stock (10%) is showing as cheap by historical high dividend yield. It is ATCO Ltd (TSX-ACO.X, OTC-ACLLF). There is no change from last month.
Two stocks (30%) are showing as cheap by historical median dividend yield. Those stocks are ATCO Ltd (TSX-ACO.X, OTC-ACLLF), and Canadian Utilities Ltd (TSX-CU, OTC-CDUAF). Emera Inc (TSX-EMA, OTC-EMRAF) has been deleted from this list.
On my other blog I wrote yesterday about Wild Brain Ltd (TSX-WILD, OTC- WLDBF) ... learn more. Next, I will write about First Capital REIT (TSX-FCR, OTC-FCRGF) ... learn more on Friday, November 4, 2020 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, December 1, 2020
Dividend Stocks December 2020
The Blogger Stock Trades Canada has on his site a list of Canadian stocks that have cut their dividends. If you want to stay update on dividend cuts, this seems to a good place to keep an eye on. You might also want to get the free weekly newsletter from Canadian Stock Channel which says what might be the best Canadian Dividend Stocks to buy at the present time.
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. Some use the 10 year average or median yield rather than the historical ones. I use median yields, always. See my spreadsheet at dividend growth stocks that I just updated for December 2020. On this list,
Alimentation Couche-Tard (TSX-ATD.B, OTC-ANCUF)
Barrick Gold Corp (TSX-ABX, NYSE-ABX)
BRP Inc (TSX-DOO-NASDAQ-DOOO) dividend restarted
Canadian Tire Corp (TSX-CTC.A, OTC-CDNAF)
Chesswood Group Ltd (TSX-CHW, OTC-CHWWF) dividend restarted
Goodfellow Inc (TSX-GDL, OTC-GFELF) Maybe*
Hardwoods Distribution Inc. (TSX-HWD, OTC- HDIUF)
High Liner Foods (TSX-HLF, OTC-HLNFF)
Intertape Polymer Group Inc (TSX-ITP, OTC-ITPOF)
Keg Royalties Income Fund (TSX-KEG.UN, OTC-KRIUF)
Linamar Corporation (TSX-LNR, OTC-LIMAF)
Leon's Furniture (TSX-LNF, OTC-LEFUF)
Loblaw Companies (TSX-L, OTC-LBLCF)
PFB Corp (TSX-PFB, OTC-PFBOF)
Telus Corp (TSX-T, NYSE-TU)
Of the stocks I follow, 0 stock has cut their dividends.
Of the stocks I follow, 0* stocks have suspended or terminated their dividend.
For Goodfellow Inc (TSX-GDL, OTC-GFELF) I stated last month that I was getting mixed information on this stock’s dividend. This company tends to announce dividends and they go up and down what might be paid each year.
Pivot Technology Solutions (TSX-PTG, OTC-PVVTF) which I just started to follow this year has been bought out by Computacenter PLC. See the news article on Cision. This is a disappointment.
Quarterhill Inc (TSX-QTRH, OTC-QTRHF) has been delisted from NASDAQ. The old symbols were Quarterhill Inc (TSX-QTRH, NASDAQ-QTRH). See the news article on Cision.
Most of my stocks started out as Dividend Payers. Currently 21 stocks are not paying any dividends and this would be some 13.8% of the stocks that I follow. Three of these stocks never had dividends, so 12.7% 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 10 year median dividend yields (P/10Y). See these fields on the right side of the file. You can highlight a particular stock using your cursor to highlight the appropriate line.
There are always some stocks to buy because they are priced reasonably. There are always stocks to currently avoid because they are overpriced. Looking at dividend growth stocks that are selling at stock prices that give them a dividend yield above the historical median dividend yield are probably the best bet.
The stocks that are selling at prices that give them a dividend yield above the historical high yield could be good stocks to buy. However, these stocks may be selling so cheap because of current troubles, especially financial troubles and should be treated with caution. Do not forget that I have all the stocks I follow on this spreadsheet and some are much better investments than others.
You should always investigate a stock before you buy. Sometimes different stocks in certain sectors are just out of favour or the stock market is just in one of its declines. However, a stock may be relatively cheap because it has problems. That is why you should always investigate a stock before buying.
Looking at stock this way is equivalent to a stock filter. A main problem I know of is for the old income trusts. These companies have generally lowered their dividend yields forever and they will probably never get back to the old dividend yield highs they made as an income trust company. For these stocks, you might be better comparing the current dividend yield to the 5 year median dividend yield. I also started a column called VT (for Valid Test) and this applies to checking stock price using dividend yield. If it is not a valid test, I use N to show this.
Also, on some stocks I have a lot more information years in my spreadsheets than for other stocks. So, finding a stock on the list as "cheap" is only the first step in finding a stock to buy. This is the same with any other sort of stock filters that you can use.
The last thing to remember is that I have entering figures into a spreadsheet. I could put them in incorrectly, I can transpose figures and I can misread figures. This is another great reason why you should check a stock out before investing. As this is just a filter, it works better on some stocks than on others.
See my entry on my methodology in establishing the historical dividend yield highs and lows for the stocks that I cover. I have an entry on my introduction to Dividend Growth. You might want to look at my original entry on Dividend Growth Stocks. I have also written about why I like Dividend Growth companies.
On my other blog I wrote yesterday about Northland Power Inc (TSX-NPI, OTC-NPIFF) ... learn more. Next, I will write about Wild Brain Ltd (TSX-WILD, OTC- WLDBF) ... learn more on Wednesday, December 02, 2020 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.
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. Some use the 10 year average or median yield rather than the historical ones. I use median yields, always. See my spreadsheet at dividend growth stocks that I just updated for December 2020. On this list,
- I have 6 stocks with a dividend yield higher than the historical high dividend yield,
- I have 45 stocks with a dividend yield higher than the historical average dividend yield
- I have 62 stocks with a dividend yield higher than the historical median dividend yield and
- 70 stocks with a dividend yield higher than the 5 year average dividend yield.
- I have 18 stocks with a dividend yield higher than the historical high dividend yield,
- I have 52 stocks with a dividend yield higher than the historical average dividend yield
- I have 69 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 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)
Barrick Gold Corp (TSX-ABX, NYSE-ABX)
BRP Inc (TSX-DOO-NASDAQ-DOOO) dividend restarted
Canadian Tire Corp (TSX-CTC.A, OTC-CDNAF)
Chesswood Group Ltd (TSX-CHW, OTC-CHWWF) dividend restarted
Goodfellow Inc (TSX-GDL, OTC-GFELF) Maybe*
Hardwoods Distribution Inc. (TSX-HWD, OTC- HDIUF)
High Liner Foods (TSX-HLF, OTC-HLNFF)
Intertape Polymer Group Inc (TSX-ITP, OTC-ITPOF)
Keg Royalties Income Fund (TSX-KEG.UN, OTC-KRIUF)
Linamar Corporation (TSX-LNR, OTC-LIMAF)
Leon's Furniture (TSX-LNF, OTC-LEFUF)
Loblaw Companies (TSX-L, OTC-LBLCF)
PFB Corp (TSX-PFB, OTC-PFBOF)
Telus Corp (TSX-T, NYSE-TU)
Of the stocks I follow, 0 stock has cut their dividends.
Of the stocks I follow, 0* stocks have suspended or terminated their dividend.
For Goodfellow Inc (TSX-GDL, OTC-GFELF) I stated last month that I was getting mixed information on this stock’s dividend. This company tends to announce dividends and they go up and down what might be paid each year.
Pivot Technology Solutions (TSX-PTG, OTC-PVVTF) which I just started to follow this year has been bought out by Computacenter PLC. See the news article on Cision. This is a disappointment.
Quarterhill Inc (TSX-QTRH, OTC-QTRHF) has been delisted from NASDAQ. The old symbols were Quarterhill Inc (TSX-QTRH, NASDAQ-QTRH). See the news article on Cision.
Most of my stocks started out as Dividend Payers. Currently 21 stocks are not paying any dividends and this would be some 13.8% of the stocks that I follow. Three of these stocks never had dividends, so 12.7% 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 10 year median dividend yields (P/10Y). See these fields on the right side of the file. You can highlight a particular stock using your cursor to highlight the appropriate line.
There are always some stocks to buy because they are priced reasonably. There are always stocks to currently avoid because they are overpriced. Looking at dividend growth stocks that are selling at stock prices that give them a dividend yield above the historical median dividend yield are probably the best bet.
The stocks that are selling at prices that give them a dividend yield above the historical high yield could be good stocks to buy. However, these stocks may be selling so cheap because of current troubles, especially financial troubles and should be treated with caution. Do not forget that I have all the stocks I follow on this spreadsheet and some are much better investments than others.
You should always investigate a stock before you buy. Sometimes different stocks in certain sectors are just out of favour or the stock market is just in one of its declines. However, a stock may be relatively cheap because it has problems. That is why you should always investigate a stock before buying.
Looking at stock this way is equivalent to a stock filter. A main problem I know of is for the old income trusts. These companies have generally lowered their dividend yields forever and they will probably never get back to the old dividend yield highs they made as an income trust company. For these stocks, you might be better comparing the current dividend yield to the 5 year median dividend yield. I also started a column called VT (for Valid Test) and this applies to checking stock price using dividend yield. If it is not a valid test, I use N to show this.
Also, on some stocks I have a lot more information years in my spreadsheets than for other stocks. So, finding a stock on the list as "cheap" is only the first step in finding a stock to buy. This is the same with any other sort of stock filters that you can use.
The last thing to remember is that I have entering figures into a spreadsheet. I could put them in incorrectly, I can transpose figures and I can misread figures. This is another great reason why you should check a stock out before investing. As this is just a filter, it works better on some stocks than on others.
See my entry on my methodology in establishing the historical dividend yield highs and lows for the stocks that I cover. I have an entry on my introduction to Dividend Growth. You might want to look at my original entry on Dividend Growth Stocks. I have also written about why I like Dividend Growth companies.
On my other blog I wrote yesterday about Northland Power Inc (TSX-NPI, OTC-NPIFF) ... learn more. Next, I will write about Wild Brain Ltd (TSX-WILD, OTC- WLDBF) ... learn more on Wednesday, December 02, 2020 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, November 26, 2020
Best Canadian Stocks
The Blogger Million Dollar Journey talks about his list of 2020 Best Canadian Dividend Stock.
On my other blog I wrote yesterday about Quarterhill Inc (TSX-QTRH, NASDAQ-QTRH) ... learn more. Next, I will write about Chesswood Group Ltd (TSX-CHW, OTC-CHWWF) ... learn more on Friday, November 27, 2020 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.
On my other blog I wrote yesterday about Quarterhill Inc (TSX-QTRH, NASDAQ-QTRH) ... learn more. Next, I will write about Chesswood Group Ltd (TSX-CHW, OTC-CHWWF) ... learn more on Friday, November 27, 2020 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, November 24, 2020
TFSA Successor Holder
Money Sense has a series of articles on TFSA Account. Most notable is the one on TFSA Successor Holder. However, Money Sense has lots of articles on TFSA, such as the ones following:
What the heck is a TFSA?
Your TFSA questions answered
TFSA truth & rumours
Can you inherit a TFSA tax-free? ,
What happens to your spouse’s TFSA if they die
The best TFSAs in Canada for 2020
TFSA contribution room calculator
The unique strategy that works for this $170,000 TFSA investor
A TFSA plan to help fund retirement—without losing any sleep
A TFSA strategy that lines Narayan’s pockets—not his advisor’s
An all-Canadian $75,000 TFSA looking for global dividends
What types of Tax-Free Savings Accounts (TFSAs) exist?
8 key things about TFSAs and how Canadians use them
TFSA vs RRSP: How to decide between the two
I just googled “TFSA Money Sense” and after some ads, lots of information from Money Sense on TFSA articles came up.
On my other blog I wrote yesterday about Finning International Inc (TSX-FTT, OTC-FINGF) ... learn more. Next, I will write about Quarterhill Inc (TSX-QTRH, NASDAQ-QTRH) ... learn more on Wednesday, November 25, 2020 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.
What the heck is a TFSA?
Your TFSA questions answered
TFSA truth & rumours
Can you inherit a TFSA tax-free? ,
What happens to your spouse’s TFSA if they die
The best TFSAs in Canada for 2020
TFSA contribution room calculator
The unique strategy that works for this $170,000 TFSA investor
A TFSA plan to help fund retirement—without losing any sleep
A TFSA strategy that lines Narayan’s pockets—not his advisor’s
An all-Canadian $75,000 TFSA looking for global dividends
What types of Tax-Free Savings Accounts (TFSAs) exist?
8 key things about TFSAs and how Canadians use them
TFSA vs RRSP: How to decide between the two
I just googled “TFSA Money Sense” and after some ads, lots of information from Money Sense on TFSA articles came up.
On my other blog I wrote yesterday about Finning International Inc (TSX-FTT, OTC-FINGF) ... learn more. Next, I will write about Quarterhill Inc (TSX-QTRH, NASDAQ-QTRH) ... learn more on Wednesday, November 25, 2020 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, November 19, 2020
Canadian Portfolio
In this article on Money Show site Gordon Pape talks about 5 Stocks for an all Canada-Focused portfolios.
The stocks he mentions are:
Fortis Inc (TSX-FTS)
Brookfield Renewable Partners (TSX-BEP)
BMO Financial Group (TSX-BMO)
Bank of Nova Scotia (TSX-BNS)
BCE Inc (TSX-BCE)
On my other blog I wrote yesterday about Innergex Renewable Energy (TSX-INE, OTC-INGXF) ... learn more. Next, I will write about Crescent Point Energy Corp (TSX-CPG, NYSE-CPG) ... learn more on Friday, November 20, 2020 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 stocks he mentions are:
Fortis Inc (TSX-FTS)
Brookfield Renewable Partners (TSX-BEP)
BMO Financial Group (TSX-BMO)
Bank of Nova Scotia (TSX-BNS)
BCE Inc (TSX-BCE)
On my other blog I wrote yesterday about Innergex Renewable Energy (TSX-INE, OTC-INGXF) ... learn more. Next, I will write about Crescent Point Energy Corp (TSX-CPG, NYSE-CPG) ... learn more on Friday, November 20, 2020 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, November 17, 2020
TD Goal Assist
TD Goal Assist would seem like a great way for a novice or someone not interested in learning much about investing to invest. It seems like a great solution. And, you can buy TD ETFs and pay no fee. See their video. They also have a page to explain this new option for investors. A general information page is here.
If you read some of the bloggers out there, you should get a good idea on how to set up an ETF portfolio. The TD Goal Assist will allow you to buy ETFs cost free so this is a good deal for novice investors. The Canadian Couch Potato talks about talks about putting together ETF portfolios on his site. Also, the blogger Boomer and Echo talks about model ETF portfolios for Canadians. Also, the blogger Cut the Crap Investing talks about how to put together an ETF portfolio.
On my other blog I wrote yesterday about PFB Corp (TSX-PFB, OTC-PFBOF) ... learn more. Next, I will write about Innergex Renewable Energy (TSX-INE, OTC-INGXF) ... learn more on Wednesday, November 18, 2020 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.
If you read some of the bloggers out there, you should get a good idea on how to set up an ETF portfolio. The TD Goal Assist will allow you to buy ETFs cost free so this is a good deal for novice investors. The Canadian Couch Potato talks about talks about putting together ETF portfolios on his site. Also, the blogger Boomer and Echo talks about model ETF portfolios for Canadians. Also, the blogger Cut the Crap Investing talks about how to put together an ETF portfolio.
On my other blog I wrote yesterday about PFB Corp (TSX-PFB, OTC-PFBOF) ... learn more. Next, I will write about Innergex Renewable Energy (TSX-INE, OTC-INGXF) ... learn more on Wednesday, November 18, 2020 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, November 12, 2020
Investing Books
Nick Maggiulli of the blog Of Dollars and Data has an article on The Best Investing Books for Every Kind of Investor. No matter what sort of investor you are from beginner to nerd, he probably lists a book that you might be interested in.
On my other blog I wrote yesterday about Johnson and Johnson (NYSE-JNJ) ... learn more. Next, I will write about IBI Group Inc (TSX-IBG, OTC-IBIBF) ... learn more on Friday, November 13, 2020 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.
On my other blog I wrote yesterday about Johnson and Johnson (NYSE-JNJ) ... learn more. Next, I will write about IBI Group Inc (TSX-IBG, OTC-IBIBF) ... learn more on Friday, November 13, 2020 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, November 10, 2020
Enbridge Inc
Dan Kent on Stock Trades Canada recently reviewed this stock and asked the question about the dividend being safe. In the end, he thinks that the dividend is safe, but there is no guarantee.
On my other blog I wrote yesterday about Cenovus Energy Inc (TSX-CVE, NYSE-CVE) ... learn more. Next, I will write about Johnson and Johnson (NYSE-JNJ) ... learn more on Wednesday, November 11, 2020 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.
On my other blog I wrote yesterday about Cenovus Energy Inc (TSX-CVE, NYSE-CVE) ... learn more. Next, I will write about Johnson and Johnson (NYSE-JNJ) ... learn more on Wednesday, November 11, 2020 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, November 5, 2020
Something to Buy November 2020
There is always something to buy in the stock market. On Tuesday, I put out a list of the stocks that I covered and showed what stock might be a good deal based on dividend yield. Now I am trying to categorize what sorts of stocks may be a good deal based on dividend yield. The dividend yield test in this note is a quick way of finding possible stock buys. See my Spreadsheet .
The advantages to using dividend yield to judge how cheap or expensive a stock is, is that you are not using estimates or old data (like last reported quarter's data). You are using today's stock price and today's dividend yield. However, this is just a place to start. It is a good idea to check the stock price with other tests, especially the P/S Ratio test. For other testing, like P/E Ratios, P/S Ratios, P/CF Ratios, P/BV Ratios and Price/Graham Price Ratios, you use estimates or data from the last reported financial quarter.
If a stock is showing as a buy using the dividend yield test, I usually like to verify it is a buy by doing a P/S Ratio test. Here you compare the current P/S Ratio to the 10 year median P/S Ratio. If the current P/S Ratio is lower than the 10 year median, then the stock is a buy. I note that Morningstar gives a current P/S Ratio. The 10 year median ratio is shown in my review of a stock. The 10 year median ratio in a review is good for one year from the date of review.
This historical dividend yield test does not work well for old Income Trust companies. These companies had quite high Dividend Yields which will probably never be seen again. So, I started a column called VT (for Valid Test) and this applies to checking stock price using dividend yield. If it is not a valid test, I use N to show this. For these stocks, you might be better comparing the current dividend yield to the 10 year median dividend yield.
However, no system is perfect. But if you are interested in buying a stock a list of stocks cheap or reasonable using dividend yield data might be a good place to start.
Categorizing stocks is not as simple as it might seem. Every site you go to has categorized stocks a bit differently. I try to keep this as simple as possible. See Something to Buy November 2020 Spreadsheet above 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 23 stocks in the Consumer Discretionary category. One of these stocks (4%) is showing as cheap by the historically high dividend yield and it is Stingray Digital Group Inc (TSX-RAY.A). Stingray Digital Group Inc (TSX-RAY.A) has been added to this list. Magna International Inc. (TSX-MG, NYSE-MGA) has been removed from this list.
Five (22%) of Consumer Discretionary are showing cheap by historical median dividend yield. They are Canadian Tire Corp (TSX-CTC.A, OTC-CDNAF), Goeasy Ltd (TSX-GSY, OTC-EHMEF), Leon's Furniture (TSX-LNF, OTC-LEFUF), Magna International Inc. (TSX-MG, NYSE-MGA), and Stingray Digital Group Inc (TSX-RAY.A). There is no change from last month.
I follow 10 Consumer Staples stocks. No stocks are showing as cheap by the historically high dividend yield. There is no change from last month.
Three stocks (30%) are showing cheap by historical median dividend yield. These are Alimentation Couche-Tard (TSX-ATD.B, OTC-ANCUF), Loblaw Companies (TSX-L, OTC-LBLCF), and Saputo Inc. (TSX-SAP, OTC-SAPIF. Lassonde Industries (TSX-LAS.A, OTC-LSDAF) has been removed from this list.
I follow Five Health Care stocks. One stocks (20%) is showing as cheap by the historically high dividend yield. It is HLS Therapeutics Inc (TSX-HLS, OTC-HLTRF).
Four stocks (80%) are cheap by the historical median dividend yield. The stocks are HLS Therapeutics Inc (TSX-HLS, OTC-HLTRF), Johnson and Johnson (NYSE-JNJ), Medtronic Inc. (NYSE-MDT), and Sienna Senior Living Inc (TSX-SIA, OTC-LWSCF). There is no change from last month.
I follow 10 Energy stocks. Two stock (210%) is showing as cheap by the historical high dividend yield. They are Canadian Natural Resources (TSX-CNQ, NYSE-CNQ) and Suncor Energy (TSX-SU, NYSE-SU). There is no change from last month.
There are three stocks (30%) showing as cheap by historical median dividend yield. They are Canadian Natural Resources (TSX-CNQ, NYSE-CNQ), Ovintiv Inc (TSX-OVV, OTC-OVV), and Suncor Energy (TSX-SU, NYSE-SU). There is no change from last month.
I follow 8 Bank stocks. One stock (13%) is showing as cheap by the historically high dividend yield and it is and Toronto Dominion Bank (TSX-TD, NYSE-TD). There is no change from last month.
Six stocks (88%) are showing as cheap by historical median dividend yield. They are Bank of Montreal (TSX-BMO, NYSE-BMO), Bank of Nova Scotia (TSX-BNS, NYSE-BNS), 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 13 Financial Service stocks. Three stocks (23%) are showing as cheap by the historically high dividend yield. They are Atrium Mortgage Investment Corp (TSX-AI, OTC-AMIVF), IGM Financial (TSX-IGM, OTC-IGIFF), and Power Corp (TSX-POW, OTC-PWCDF). IGM Financial (TSX-IGM, OTC-IGIFF) has been added to this list.
Eight stocks (62%) are showing as 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 Equity Partners Income Trust (TSX-AD.UN, OTC-ALARF), Atrium Mortgage Investment Corp (TSX-AI, OTC-AMIVF), CI Financial (TSX-CIX, OTC-CIFAF), Equitable Group Inc (TSX-EQB, OTC-EQGPF), 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. Two stocks (33%) are showing as cheap by the historically high dividend yield. They are Great-West Lifeco Inc. (TSX-GWO, OTC-GWLIF), and Manulife Financial Corp (TSX-MFC, NYSE-MFC). There is no change from last month.
Five stocks (83%) are showing as cheap by historical median dividend yield. These stocks are Genworth MI Canada Inc (TSX-MIC, OTC-GMICF), Great-West Lifeco Inc. (TSX-GWO, OTC-GWLIF), IA Financial Corp (TSX-IAG, OTC-IDLLF), Manulife Financial Corp (TSX-MFC, NYSE-MFC), and Sun Life Financial (TSX-SLF, NYSE-SLF). There is no change from last month.
I follow 33 Industrial stocks. Because I have so many 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 7 Construction stocks. One stock (14%) is showing as cheap by the historically high dividend yield. This stock is Aecon Group Inc (TSX-ARE, OTC-AEGXF). There is no change from last month.
Three stocks (43%) are showing as cheap by historical median dividend yield. They are Aecon Group Inc (TSX-ARE, OTC-AEGXF), Bird Construction Inc (TSX-BDT, OTC-BIRDF) 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 . No stock (0%) is showing as cheap by the historically high dividend yield. Finning International Inc. (TSX-FTT, OTC-FINGF) has been removed from this list.
Two stock (66%) 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. Two stocks (29%) are showing as cheap by the historically high dividend yield. They are Hammond Power Solutions Inc (TSX-HPS.A, OTC-HMDPF) and Intertape Polymer Group Inc (TSX-ITP, OTC-ITPOF). Exco Technologies Ltd. (TSX-XTC, OTC-EXCOF) has been removed to this list.
Three stocks (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), Intertape Polymer Group Inc (TSX-ITP, OTC-ITPOF). There is no change from last month.
I follow 16 Services stocks. No stocks (0%) are showing as cheap by the historically high dividend yield. Pason Systems Inc. (TSX-PSI, OTC-PSYTF) has been removed from this list.
Five stocks (31%) are showing as cheap by historical median dividend yield. These stocks are Canadian National Railway (TSX-CNR, NYSE-CNI), Parkland Fuel Corp (TSX-PKI, OTC-PKIUF), Pason Systems Inc. (TSX-PSI, OTC-PSYTF), Transcontinental Inc (TSX-TCL.A, OTC-TCLAF) and Wajax Corp (TSX-WJX, OTC-WJXFF). Parkland Fuel Corp (TSX-PKI, OTC-PKIUF) has been added to this list.
I follow 10 Material stocks. One stock (10%) is showing as cheap by the historically high dividend yield. It is Kirkland Lake Gold (TSX-KL, NYSE-KL). There is no change from last month.
Four stock (40%) 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), Kirkland Lake Gold (TSX-KL, NYSE-KL), and Stella-Jones (TSX-SJ, OTC-STLJF). There is no change from last month
I follow 10 Real Estate stocks. No stocks (0%) are showing as cheap by historically high dividend yield. There is no change from last month.
Five stocks (50%) are showing as cheap by historical median dividend yield. They are Choice Properties REIT (TSX-CHP.UN, OTC-PPRQF), First Capital Realty (TSX-FCR.UN, OTC-FCXXF), H & R REIT (TSX-HR.UN, OTC-HRUFF), Melcor Developments Inc. (TSX-MRD, OTC-MODVF), and SmartCentres REIT (TSX-SRU.UN, OTC-CWYUF). There is no change from last month.
I follow 3 of the Telecom Service stocks. One stocks (33%) is showing as cheap by historically high dividend yield. It is Shaw Communications Inc (TSX-SJR.B, NYSE-SJR). Shaw Communications Inc (TSX-SJR.B, NYSE-SJR) has been added to this list.
Three stocks (100%) 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). There is no change from last month.
I follow 10 Tech stocks . Pivot Technology Solutions (TSX-PTG, OTC-PVVTF) has been added to this last as I am now following this stock. No stocks (0%) are showing as cheap by historical high dividend yield. There is no change from last month.
Two stocks (20%) are showing cheap by historical median dividend yield. They are Computer Modelling Group Ltd. (TSX-CMG, OTC-CMDXF), and Sylogist Ltd (TSXV-SYZ, OTC-SYZLF). Quarterhaill Inc (TSX-QTRH), NASDAQ-QTRH) has been removed from this list.
I follow 8 of the Infrastructure type utility companies. One stock (14%) is showing as cheap by historical high dividend yield. It is Enbridge Inc. (TSX-ENB, NYSE-ENB). This is no change from last month.
Five stocks (63%) are showing cheap by historical median dividend yield. They are Capital Power Corp. (TSX-CPX, OTC-CPRHF), Enbridge Inc. (TSX-ENB, NYSE-ENB), Keyera Corp (TSX-KEY, OTC-KEYUF), Pembina Pipeline Corp (TSX-PPL, NYSE-PBA) and TC Energy Corp (TSX-TRP, NYSE-TRP). There is no change from last month.
I follow 10 of the Power type utility companies. One stock (10%) is showing as cheap by historical high dividend yield. It is ATCO Ltd (TSX-ACO.X, OTC-ACLLF). There is no change from last month.
Three stocks (30%) are showing as 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). Emera Inc (TSX-EMA, OTC-EMRAF) has been added to this list.
On my other blog I wrote yesterday about Pivot Technology Solutions (TSX-PTG, OTC- PVVTF) ... learn more. Next, I will write about Keyera Corp (TSX-KEY, OTC-KEYUF) ... learn more on November 06, 2020 around 5 pm.
This blog is meant for educational purposes only and is not to provide investment advice. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.
See my site for an index to these blog entries and for stocks followed. I have three blogs. The first talks only about specific stocks and is called Investment Talk . The second one contains information on mostly investing and is called Investing Economics Mostly. My last blog is for my book reviews and it is called Non-Fiction Mostly. Follow me on Twitter. I am on Instagram. Or you can just Google #walktoronto spbrunner8166 to see my pictures.
The advantages to using dividend yield to judge how cheap or expensive a stock is, is that you are not using estimates or old data (like last reported quarter's data). You are using today's stock price and today's dividend yield. However, this is just a place to start. It is a good idea to check the stock price with other tests, especially the P/S Ratio test. For other testing, like P/E Ratios, P/S Ratios, P/CF Ratios, P/BV Ratios and Price/Graham Price Ratios, you use estimates or data from the last reported financial quarter.
If a stock is showing as a buy using the dividend yield test, I usually like to verify it is a buy by doing a P/S Ratio test. Here you compare the current P/S Ratio to the 10 year median P/S Ratio. If the current P/S Ratio is lower than the 10 year median, then the stock is a buy. I note that Morningstar gives a current P/S Ratio. The 10 year median ratio is shown in my review of a stock. The 10 year median ratio in a review is good for one year from the date of review.
This historical dividend yield test does not work well for old Income Trust companies. These companies had quite high Dividend Yields which will probably never be seen again. So, I started a column called VT (for Valid Test) and this applies to checking stock price using dividend yield. If it is not a valid test, I use N to show this. For these stocks, you might be better comparing the current dividend yield to the 10 year median dividend yield.
However, no system is perfect. But if you are interested in buying a stock a list of stocks cheap or reasonable using dividend yield data might be a good place to start.
Categorizing stocks is not as simple as it might seem. Every site you go to has categorized stocks a bit differently. I try to keep this as simple as possible. See Something to Buy November 2020 Spreadsheet above 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 23 stocks in the Consumer Discretionary category. One of these stocks (4%) is showing as cheap by the historically high dividend yield and it is Stingray Digital Group Inc (TSX-RAY.A). Stingray Digital Group Inc (TSX-RAY.A) has been added to this list. Magna International Inc. (TSX-MG, NYSE-MGA) has been removed from this list.
Five (22%) of Consumer Discretionary are showing cheap by historical median dividend yield. They are Canadian Tire Corp (TSX-CTC.A, OTC-CDNAF), Goeasy Ltd (TSX-GSY, OTC-EHMEF), Leon's Furniture (TSX-LNF, OTC-LEFUF), Magna International Inc. (TSX-MG, NYSE-MGA), and Stingray Digital Group Inc (TSX-RAY.A). There is no change from last month.
I follow 10 Consumer Staples stocks. No stocks are showing as cheap by the historically high dividend yield. There is no change from last month.
Three stocks (30%) are showing cheap by historical median dividend yield. These are Alimentation Couche-Tard (TSX-ATD.B, OTC-ANCUF), Loblaw Companies (TSX-L, OTC-LBLCF), and Saputo Inc. (TSX-SAP, OTC-SAPIF. Lassonde Industries (TSX-LAS.A, OTC-LSDAF) has been removed from this list.
I follow Five Health Care stocks. One stocks (20%) is showing as cheap by the historically high dividend yield. It is HLS Therapeutics Inc (TSX-HLS, OTC-HLTRF).
Four stocks (80%) are cheap by the historical median dividend yield. The stocks are HLS Therapeutics Inc (TSX-HLS, OTC-HLTRF), Johnson and Johnson (NYSE-JNJ), Medtronic Inc. (NYSE-MDT), and Sienna Senior Living Inc (TSX-SIA, OTC-LWSCF). There is no change from last month.
I follow 10 Energy stocks. Two stock (210%) is showing as cheap by the historical high dividend yield. They are Canadian Natural Resources (TSX-CNQ, NYSE-CNQ) and Suncor Energy (TSX-SU, NYSE-SU). There is no change from last month.
There are three stocks (30%) showing as cheap by historical median dividend yield. They are Canadian Natural Resources (TSX-CNQ, NYSE-CNQ), Ovintiv Inc (TSX-OVV, OTC-OVV), and Suncor Energy (TSX-SU, NYSE-SU). There is no change from last month.
I follow 8 Bank stocks. One stock (13%) is showing as cheap by the historically high dividend yield and it is and Toronto Dominion Bank (TSX-TD, NYSE-TD). There is no change from last month.
Six stocks (88%) are showing as cheap by historical median dividend yield. They are Bank of Montreal (TSX-BMO, NYSE-BMO), Bank of Nova Scotia (TSX-BNS, NYSE-BNS), 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 13 Financial Service stocks. Three stocks (23%) are showing as cheap by the historically high dividend yield. They are Atrium Mortgage Investment Corp (TSX-AI, OTC-AMIVF), IGM Financial (TSX-IGM, OTC-IGIFF), and Power Corp (TSX-POW, OTC-PWCDF). IGM Financial (TSX-IGM, OTC-IGIFF) has been added to this list.
Eight stocks (62%) are showing as 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 Equity Partners Income Trust (TSX-AD.UN, OTC-ALARF), Atrium Mortgage Investment Corp (TSX-AI, OTC-AMIVF), CI Financial (TSX-CIX, OTC-CIFAF), Equitable Group Inc (TSX-EQB, OTC-EQGPF), 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. Two stocks (33%) are showing as cheap by the historically high dividend yield. They are Great-West Lifeco Inc. (TSX-GWO, OTC-GWLIF), and Manulife Financial Corp (TSX-MFC, NYSE-MFC). There is no change from last month.
Five stocks (83%) are showing as cheap by historical median dividend yield. These stocks are Genworth MI Canada Inc (TSX-MIC, OTC-GMICF), Great-West Lifeco Inc. (TSX-GWO, OTC-GWLIF), IA Financial Corp (TSX-IAG, OTC-IDLLF), Manulife Financial Corp (TSX-MFC, NYSE-MFC), and Sun Life Financial (TSX-SLF, NYSE-SLF). There is no change from last month.
I follow 33 Industrial stocks. Because I have so many 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 7 Construction stocks. One stock (14%) is showing as cheap by the historically high dividend yield. This stock is Aecon Group Inc (TSX-ARE, OTC-AEGXF). There is no change from last month.
Three stocks (43%) are showing as cheap by historical median dividend yield. They are Aecon Group Inc (TSX-ARE, OTC-AEGXF), Bird Construction Inc (TSX-BDT, OTC-BIRDF) 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 . No stock (0%) is showing as cheap by the historically high dividend yield. Finning International Inc. (TSX-FTT, OTC-FINGF) has been removed from this list.
Two stock (66%) 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. Two stocks (29%) are showing as cheap by the historically high dividend yield. They are Hammond Power Solutions Inc (TSX-HPS.A, OTC-HMDPF) and Intertape Polymer Group Inc (TSX-ITP, OTC-ITPOF). Exco Technologies Ltd. (TSX-XTC, OTC-EXCOF) has been removed to this list.
Three stocks (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), Intertape Polymer Group Inc (TSX-ITP, OTC-ITPOF). There is no change from last month.
I follow 16 Services stocks. No stocks (0%) are showing as cheap by the historically high dividend yield. Pason Systems Inc. (TSX-PSI, OTC-PSYTF) has been removed from this list.
Five stocks (31%) are showing as cheap by historical median dividend yield. These stocks are Canadian National Railway (TSX-CNR, NYSE-CNI), Parkland Fuel Corp (TSX-PKI, OTC-PKIUF), Pason Systems Inc. (TSX-PSI, OTC-PSYTF), Transcontinental Inc (TSX-TCL.A, OTC-TCLAF) and Wajax Corp (TSX-WJX, OTC-WJXFF). Parkland Fuel Corp (TSX-PKI, OTC-PKIUF) has been added to this list.
I follow 10 Material stocks. One stock (10%) is showing as cheap by the historically high dividend yield. It is Kirkland Lake Gold (TSX-KL, NYSE-KL). There is no change from last month.
Four stock (40%) 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), Kirkland Lake Gold (TSX-KL, NYSE-KL), and Stella-Jones (TSX-SJ, OTC-STLJF). There is no change from last month
I follow 10 Real Estate stocks. No stocks (0%) are showing as cheap by historically high dividend yield. There is no change from last month.
Five stocks (50%) are showing as cheap by historical median dividend yield. They are Choice Properties REIT (TSX-CHP.UN, OTC-PPRQF), First Capital Realty (TSX-FCR.UN, OTC-FCXXF), H & R REIT (TSX-HR.UN, OTC-HRUFF), Melcor Developments Inc. (TSX-MRD, OTC-MODVF), and SmartCentres REIT (TSX-SRU.UN, OTC-CWYUF). There is no change from last month.
I follow 3 of the Telecom Service stocks. One stocks (33%) is showing as cheap by historically high dividend yield. It is Shaw Communications Inc (TSX-SJR.B, NYSE-SJR). Shaw Communications Inc (TSX-SJR.B, NYSE-SJR) has been added to this list.
Three stocks (100%) 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). There is no change from last month.
I follow 10 Tech stocks . Pivot Technology Solutions (TSX-PTG, OTC-PVVTF) has been added to this last as I am now following this stock. No stocks (0%) are showing as cheap by historical high dividend yield. There is no change from last month.
Two stocks (20%) are showing cheap by historical median dividend yield. They are Computer Modelling Group Ltd. (TSX-CMG, OTC-CMDXF), and Sylogist Ltd (TSXV-SYZ, OTC-SYZLF). Quarterhaill Inc (TSX-QTRH), NASDAQ-QTRH) has been removed from this list.
I follow 8 of the Infrastructure type utility companies. One stock (14%) is showing as cheap by historical high dividend yield. It is Enbridge Inc. (TSX-ENB, NYSE-ENB). This is no change from last month.
Five stocks (63%) are showing cheap by historical median dividend yield. They are Capital Power Corp. (TSX-CPX, OTC-CPRHF), Enbridge Inc. (TSX-ENB, NYSE-ENB), Keyera Corp (TSX-KEY, OTC-KEYUF), Pembina Pipeline Corp (TSX-PPL, NYSE-PBA) and TC Energy Corp (TSX-TRP, NYSE-TRP). There is no change from last month.
I follow 10 of the Power type utility companies. One stock (10%) is showing as cheap by historical high dividend yield. It is ATCO Ltd (TSX-ACO.X, OTC-ACLLF). There is no change from last month.
Three stocks (30%) are showing as 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). Emera Inc (TSX-EMA, OTC-EMRAF) has been added to this list.
On my other blog I wrote yesterday about Pivot Technology Solutions (TSX-PTG, OTC- PVVTF) ... learn more. Next, I will write about Keyera Corp (TSX-KEY, OTC-KEYUF) ... learn more on November 06, 2020 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, November 3, 2020
Dividend Stocks November 2020
The Blogger Stock Trades Canada has on his site a list of Canadian stocks that have cut their dividends. If you want to stay update on dividend cuts, this seems to a good place to keep an eye on. You might also want to get the free weekly newsletter from Canadian Stock Channel which says what might be the best Canadian Dividend Stocks to buy at the present time.
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. Some use the 10 year average or median yield rather than the historical ones. I use median yields, always. See my spreadsheet at dividend growth stocks that I just updated for November 2020.
On this list,
Element Fleet Management Corp (TSX-EFN, OTC-ELEEF)
Emera Inc (TSX-EMA, OTC-EMRAF)
Waste Connections Inc (TSX-WCN, NYSE-WCN)
Of the stocks I follow, 0 stock has cut their dividends.
Of the stocks I follow, 0* stocks have suspended or terminated their dividend.
Goodfellow Inc (TSX-GDL, OTC-GFELF) *Maybe.
For Goodfellow Inc (TSX-GDL, OTC-GFELF) I am getting mixed information on this stock’s dividend. TD Bank says it pays no dividend, but others say it does. Last year it announced the dividend in November. When dividends are cut or suspended, there is usually an announcement somewhere. I have searched, but I cannot find any other information to confirm this one way or another.
Absolute Software Corporation (TSX-ABST, NASDAQ-ABST) is now listed on NASDAQ. It has changed its TSX symbol to match the one on NASDAQ. Symbols used to be TSX-ABT, OTC-ALSWF. It has also done a public offering. See the announcement on Yahoo Finance.
Some stocks have done very well since last month. The top 10 are below. The last column shows the increase in the share price since last month.
Most of my stocks started out as Dividend Payers. Currently 23 stocks are not paying any dividends and this would be some 15.2% of the stocks that I follow. Three of these stocks never had dividends, so 12.7% 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 10 year median dividend yields (P/10Y). See these fields on the right side of the file. You can highlight a particular stock using your cursor to highlight the appropriate line.
There are always some stocks to buy because they are priced reasonably. There are always stocks to currently avoid because they are overpriced. Looking at dividend growth stocks that are selling at stock prices that give them a dividend yield above the historical median dividend yield are probably the best bet.
The stocks that are selling at prices that give them a dividend yield above the historical high yield could be good stocks to buy. However, these stocks may be selling so cheap because of current troubles, especially financial troubles and should be treated with caution. Do not forget that I have all the stocks I follow on this spreadsheet and some are much better investments than others.
You should always investigate a stock before you buy. Sometimes different stocks in certain sectors are just out of favour or the stock market is just in one of its declines. However, a stock may be relatively cheap because it has problems. That is why you should always investigate a stock before buying.
Looking at stock this way is equivalent to a stock filter. A main problem I know of is for the old income trusts. These companies have generally lowered their dividend yields forever and they will probably never get back to the old dividend yield highs they made as an income trust company. For these stocks, you might be better comparing the current dividend yield to the 5 year median dividend yield. I also started a column called VT (for Valid Test) and this applies to checking stock price using dividend yield. If it is not a valid test, I use N to show this.
Also, on some stocks I have a lot more information years in my spreadsheets than for other stocks. So, finding a stock on the list as "cheap" is only the first step in finding a stock to buy. This is the same with any other sort of stock filters that you can use.
The last thing to remember is that I have entering figures into a spreadsheet. I could put them in incorrectly, I can transpose figures and I can misread figures. This is another great reason why you should check a stock out before investing. As this is just a filter, it works better on some stocks than on others.
See my entry on my methodology in establishing the historical dividend yield highs and lows for the stocks that I cover. I have an entry on my introduction to Dividend Growth. You might want to look at my original entry on Dividend Growth Stocks. I have also written about why I like Dividend Growth companies.
On my other blog I wrote yesterday about Dollarama Inc (TSX-DOL, OTC-DLMAF) ... learn more. Next, I will write about Pivot Technology Solutions (TSX-PTG, OTC- PVVTF) ... learn more on Wednesday, October 07, 2020 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.
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. Some use the 10 year average or median yield rather than the historical ones. I use median yields, always. See my spreadsheet at dividend growth stocks that I just updated for November 2020.
On this list,
- I have 18 stocks with a dividend yield higher than the historical high dividend yield,
- I have 52 stocks with a dividend yield higher than the historical average dividend yield
- I have 69 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 16 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 69 stocks with a dividend yield higher than the historical median dividend yield and
- 77 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.
Element Fleet Management Corp (TSX-EFN, OTC-ELEEF)
Emera Inc (TSX-EMA, OTC-EMRAF)
Waste Connections Inc (TSX-WCN, NYSE-WCN)
Of the stocks I follow, 0 stock has cut their dividends.
Of the stocks I follow, 0* stocks have suspended or terminated their dividend.
Goodfellow Inc (TSX-GDL, OTC-GFELF) *Maybe.
For Goodfellow Inc (TSX-GDL, OTC-GFELF) I am getting mixed information on this stock’s dividend. TD Bank says it pays no dividend, but others say it does. Last year it announced the dividend in November. When dividends are cut or suspended, there is usually an announcement somewhere. I have searched, but I cannot find any other information to confirm this one way or another.
Absolute Software Corporation (TSX-ABST, NASDAQ-ABST) is now listed on NASDAQ. It has changed its TSX symbol to match the one on NASDAQ. Symbols used to be TSX-ABT, OTC-ALSWF. It has also done a public offering. See the announcement on Yahoo Finance.
Some stocks have done very well since last month. The top 10 are below. The last column shows the increase in the share price since last month.
| Name | Exch | Sym | Exch | Sym | Price | Chge P |
|---|---|---|---|---|---|---|
| Quarterhaill Inc | TSX | QTRH | NASDAQ | QTRH | $2.56 | 39.89% |
| TECSYS Inc | TSX | TCS | OTC | TCYSF | $40.41 | 29.52% |
| Genworth MI Canada Inc | TSX | MIC | OTC | GMICF | $44.20 | 26.98% |
| Methanex Corp | TSX | MX | NASDAQ | MEOH | $39.50 | 25.00% |
| Trigon Metals Inc. | TSX | TM | OTC | PNTZF | $0.45 | 21.62% |
| PFB Corp | TSX | PFB | OTC | PFBOF | $19.00 | 21.02% |
| Pulse Seismic Inc. | TSX | PSD | OTC | PLSDF | $0.87 | 19.18% |
| Ovintiv Inc | TSX | OVV | OTC | OVV | $12.27 | 18.78% |
| Alaris Equity Partners | TSX | AD.UN | OTC | ALARF | $12.27 | 16.86% |
| Alcanna Inc. | TSX | CLIQ | OTC | LQSIF | $4.87 | 16.23% |
Most of my stocks started out as Dividend Payers. Currently 23 stocks are not paying any dividends and this would be some 15.2% of the stocks that I follow. Three of these stocks never had dividends, so 12.7% 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 10 year median dividend yields (P/10Y). See these fields on the right side of the file. You can highlight a particular stock using your cursor to highlight the appropriate line.
There are always some stocks to buy because they are priced reasonably. There are always stocks to currently avoid because they are overpriced. Looking at dividend growth stocks that are selling at stock prices that give them a dividend yield above the historical median dividend yield are probably the best bet.
The stocks that are selling at prices that give them a dividend yield above the historical high yield could be good stocks to buy. However, these stocks may be selling so cheap because of current troubles, especially financial troubles and should be treated with caution. Do not forget that I have all the stocks I follow on this spreadsheet and some are much better investments than others.
You should always investigate a stock before you buy. Sometimes different stocks in certain sectors are just out of favour or the stock market is just in one of its declines. However, a stock may be relatively cheap because it has problems. That is why you should always investigate a stock before buying.
Looking at stock this way is equivalent to a stock filter. A main problem I know of is for the old income trusts. These companies have generally lowered their dividend yields forever and they will probably never get back to the old dividend yield highs they made as an income trust company. For these stocks, you might be better comparing the current dividend yield to the 5 year median dividend yield. I also started a column called VT (for Valid Test) and this applies to checking stock price using dividend yield. If it is not a valid test, I use N to show this.
Also, on some stocks I have a lot more information years in my spreadsheets than for other stocks. So, finding a stock on the list as "cheap" is only the first step in finding a stock to buy. This is the same with any other sort of stock filters that you can use.
The last thing to remember is that I have entering figures into a spreadsheet. I could put them in incorrectly, I can transpose figures and I can misread figures. This is another great reason why you should check a stock out before investing. As this is just a filter, it works better on some stocks than on others.
See my entry on my methodology in establishing the historical dividend yield highs and lows for the stocks that I cover. I have an entry on my introduction to Dividend Growth. You might want to look at my original entry on Dividend Growth Stocks. I have also written about why I like Dividend Growth companies.
On my other blog I wrote yesterday about Dollarama Inc (TSX-DOL, OTC-DLMAF) ... learn more. Next, I will write about Pivot Technology Solutions (TSX-PTG, OTC- PVVTF) ... learn more on Wednesday, October 07, 2020 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, October 29, 2020
Kirkland Lake Gold
Douglas Gerlach on the Money Show site reviewed this stock on October 6, 2020. He expects revenue to grow at 12% per year and EPS to grow at 14% per year over the next two years. Douglas Gerlach is president of ICLUBcentral Inc and editor-in-chief of its stock newsletters.
On my other blog I wrote yesterday about CCL Industries Inc (TSX-CCL.B, OTC-CCDBF) ... learn more. Next, I will write about Ovintiv Inc (TSX-OVV, NYSE-OVV) ... learn more on Friday, October 30, 2020 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.
On my other blog I wrote yesterday about CCL Industries Inc (TSX-CCL.B, OTC-CCDBF) ... learn more. Next, I will write about Ovintiv Inc (TSX-OVV, NYSE-OVV) ... learn more on Friday, October 30, 2020 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, October 27, 2020
Magna International
Glenn Rogers on the stie of Money Show talks about Magna International. He says he likes larges companies with solid balance sheets and that pay dividends. This is one of the companies that I follow.
On my other blog I wrote yesterday about Brookfield Asset Management Inc (TSX-BAM.A, NYSE-BAM) ... learn more. Next, I will write about CCL Industries Inc (TSX-CCL.B, OTC-CCDBF) ... learn more on Wednesday, October 28, 2020 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.
On my other blog I wrote yesterday about Brookfield Asset Management Inc (TSX-BAM.A, NYSE-BAM) ... learn more. Next, I will write about CCL Industries Inc (TSX-CCL.B, OTC-CCDBF) ... learn more on Wednesday, October 28, 2020 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, October 22, 2020
Best Stocks I Follow 3
This is my third installment of the Best Stock I follow. This chart put together the last two charts and show only those stock that appeared on both my other charts.
In the first chart I showed the stocks that I follow that had no dividend decreases and, in most years, have increased to the dividends each year. In the chart second chart I showed the stocks that I follow that have increased the dividends over the past 5 year more than over the last 10 years.
On my other blog I wrote yesterday about Pason Systems Inc (TSX-PSI, OTC-PSYTF) ... learn more. Next, I will write about Molson Coors Canada (TSX-TPX.B, NYSE-TAP) ... learn more on Friday, October 23, 2020 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.
In the first chart I showed the stocks that I follow that had no dividend decreases and, in most years, have increased to the dividends each year. In the chart second chart I showed the stocks that I follow that have increased the dividends over the past 5 year more than over the last 10 years.
| Name | Exch | Sym | Exch | Sym |
|---|---|---|---|---|
| Andrew Peller Ltd | TSX | ADW.A | OTC | ADWPF |
| ATCO Ltd | TSX | ACO.X | OTC | ACLLF |
| Bank of Nova Scotia | TSX | BNS | NYSE | BNS |
| Brookfield Asset Mge | TSX | BAM.A | NYSE | BAM |
| BRP Inc | TSX | DOO | NASDAQ | DOOO |
| Canadian National Railway | TSX | CNR | NYSE | CNI |
| Canadian Utilities Ltd | TSX | CU | OTC | CDUAF |
| CCL Industries | TSX | CCL.B | OTC | CCDBF |
| CIBC | TSX | CM | NYSE | CM |
| Emera Inc | TSX | EMA | OTC | EMRAF |
| Enbridge Inc | TSX | ENB | NYSE | ENB |
| FirstService Corp | TSX | FSV | NASDAQ | FSV |
| Fortis Inc | TSX | FTS | OTC | FRTSF |
| Intact Financial Corp. | TSX | IFC | OTC | IFCZF |
| Keyera Corp | TSX | KEY | OTC | KEYUF |
| Kirkland Lake Gold | TSX | KL | NYSE | KL |
| Logistec Corp | TSX | LGT.B | OTC | LTKBF |
| Medtronic PCL | NYSE | MDT | ||
| National Bank of Canada | TSX | NA | OTC | NTIOF |
| Pembina Pipeline Corp | TSX | PPL | NYSE | PBA |
| Stella-Jones | TSX | SJ | OTC | STLJF |
| Stingray Digital Group Inc | TSX | RAY.A | OTC | None |
| TC Energy Corp | TSX | TRP | NYSE | TRP |
| TECSYS Inc | TSX | TCS | OTC | TCYSF |
| Toromont Industries Ltd | TSX | TIH | OTC | TMTNF |
| Toronto Dominion Bank | TSX | TD | NYSE | TD |
On my other blog I wrote yesterday about Pason Systems Inc (TSX-PSI, OTC-PSYTF) ... learn more. Next, I will write about Molson Coors Canada (TSX-TPX.B, NYSE-TAP) ... learn more on Friday, October 23, 2020 around 5 pm.
This blog is meant for educational purposes only and is not to provide investment advice. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.
See my site for an index to these blog entries and for stocks followed. I have three blogs. The first talks only about specific stocks and is called Investment Talk. The second one contains information on mostly investing and is called Investing Economics Mostly. My last blog is for my book reviews and it is called Non-Fiction Mostly. Follow me on Twitter. I am on Instagram. Or you can just Google #walktoronto spbrunner8166 to see my pictures.
Subscribe to:
Posts (Atom)