Losing Investments

Giving a bearish rating on StockTwits certainly brings out the crazies who think that name calling and swearing is good analysis. Or their goal maybe to discourage people from ever putting a bearish rating on one of their stocks again. Either way, this does not change facts.

The thing is, if you invest, some of your investments are not going to work out. When you are investing for capital gain, you seem to be more vulnerable to losses, at least that was my experience. When I was investing for capital gains, I had companies go south and also go bankrupt. What I did was try to learn a lesson and then move on. The thing is, I made more on the good investments than I lost on the bad ones.

I haven’t had as much trouble investing in dividend stocks. But bad things can happen. What I hated the most was when a good company was bought out and you had to sell

On my other blog I wrote yesterday about Le Chateau Inc (TSX-CTU, OTC-LCUAF) ... learn more. Next, I will write about K-Bro Linen Inc (TSX-KBL, OTC-KBRLF) ... learn more on Wednesday, September 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.

My Stock Reports

My stock reports may seem long, but you can read the blog entry just a few moments. First of all, a lot of what I write is supporting evidence, which you need only read if you interested in where I am coming from when I talk about things like debt etc.

All reports start with an executive summary as the first paragraph. After that you would only need to read the first sentence of each paragraph until you come to the box with the total returns in. You only need to read the rest of the paragraphs if you want to know how I came to my conclusion.

After the box of total returns, you can skip down to the paragraph starting with “Results of stock price testing”. The paragraphs between the box of total returns and this paragraph gives how I am doing my stock testing.

You may or may not want to read the next couple of paragraphs and you may or may not want to look at the links I make to what others are saying about this stock.

On my other blog I wrote yesterday about Alcanna Inc (TSX-CLIQ, OTC-LQSIF) ... learn more. Next, I will write about Granite REIT (TSX-GRT.UN, NYSE-GRP.U) ... learn more on Friday, September 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.

Dividends, Bear Markets

Every bear market is different. They affect different sector differently. You never know what sectors are going to hit ahead of time. That is why, even with dividend growth stocks, you need to have stocks in different sectors.

What I have found in bear markets is that my dividend increases overall go down. So far, I have done quite well. The dividend growth to the end of July for my trading account is up 5.8% over the dividends I collected last year. This is the account from which I get dividends I use to live on. My overall dividend increase has increased by 8.7%. My different accounts have different outcomes as far as different increases go.

I thought I would write this blog entry because a recent article I read from Advice from Investors. The article in the Daily Buy and Sell Adviser talks about the bear market produced by the pandemic and talks about it pushing some companies into bankruptcy. This also happens in every bear market. It talks about Survivors having eliminated or reduced their dividends and some of their key stocks were among them. This is as expected.

However, it is the next paragraph I take exception to where it says it is hard for investors to earn enough income without selling and depleting their capital. If you have a portfolio of stocks from different sectors, this should not be a problem. I have never had this problem.

Although to ensure that I have no problems, I have a reserve fund in a bank for any emergencies or if I need it to supplement my income if necessary. However, I must admit that so far, I have used to fund some dental work, but mostly for holidays. (The holidays were unexpected, but I had a chance to go somewhere great with a friend or friends and could take the opportunity,)

The thing that I have noted with this bear market is that the dividend growth companies (in Canada on the Aristocrat list) that have cut or suspended their dividends are rare. The Blogger Stock Trades Canada has on his site a list of Canadian stocks that have cut their dividends. His list notes whether or not the stock was part of the Aristocrat list and there are few which answer this question with a yes.

On my other blog I wrote yesterday about Great-West Lifeco Inc (TSX-GWO, OTC-GWLIF) ... learn more. Next, I will write about Alcanna Inc (TSX-CLIQ, OTC-LQSIF) ... learn more on Wednesday, September 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.

Pipelines and Strong Recovery

In this blog entry, Advice for Investors talk about how they think pipelines offer strong recovery potential. The pipelines they like are Enbridge (TSX-ENB), TC Energy Corp (TSX-TRP), Pembina Pipeline (TSX-PPL) and Keyera Corp (TSX-KEY). I follow all these pipelines and own Enbridge, TC Energy Corp, and Pembina Pipeline.

On my other blog I wrote yesterday about Wajax Corp (TSX-WJX, OTC-WJXFF) ... learn more. Next, I will write about Trican Well Service Ltd (TSX-TCW, OTC-TOLWF) ... learn more on Friday, September 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.

Street Patios

I think that all the street patios that appeared in Toronto this summer were great. It has given Toronto a festival air. This was a great idea and I think we should continue to do this even after the Covid 19 Flu has passed.

On my other blog I wrote yesterday about Telus Corp (TSX-T, NYSE-TU) ... learn more. Next, I will write about Wajax Corp (TSX-WJX, OTC-WJXFF) ... learn more on Wednesday, September 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.

Utilities and Dividends

The Daily Buy and Sell Adviser recently did an article about how attractive utilities stocks are in the current environment. The stocks they talk about are

Capital Power Corp (TSX-CPX, OTC-CPRHF)
Algonquin Power & Utilities Corp (TSX-AQN, NYSE-AQN)
Canadian Utilities Ltd (TSX-CU, OTC-CDUAF)
Emera Inc (TSX-EMA, OTC-EMRAF)

Fortis Inc (TSX-FTS, OTC-FRTSF)
Hydro One Limited (TSX-H, OTC-HRNNF)
Northland Power Inc (TSX-NPI, OTC-NPIFF)
TransAlta Renewables (TSX-RNW, OTC-TRSWF)

On my other blog I wrote yesterday about Just Energy Group Inc (TSX-JE, NYSE-JE) ... learn more. Next, I will write about Accord Financial Corp (TSX-ACD, OTC-ACCFF) ... learn more on Friday, September 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.

Mini Parks

Something to Buy September 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.

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 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 September 2020 Spreadsheet to see what stocks are showing whether a stock is relatively cheap based on historical high dividend yields (P/Hi), historical average dividend yields (P/Ave), historical median dividend yields (P/Med) or on 5 year median dividend yields (P/5Yr). As in other spreadsheets, you can highlight a line or a number of lines for better viewing.

In the following notes I am only going to list stocks showing as cheap using the historical high dividend yields (P/Hi) and historical median dividend yields (P/Med).

I follow 23 stocks in the Consumer Discretionary category. One of these stocks (4%) are showing as cheap by the historically high dividend yield and it is Stingray Digital Group Inc (TSX-RAY.A). Canadian Tire Corp (TSX-CTC.A, OTC-CDNAF), Leon's Furniture (TSX-LNF, OTC-LEFUF), and Magna International Inc. (TSX-MG, NYSE-MGA) have been removed from this list.

Six (26%) 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), High Liner Foods (TSX-HLF, OTC-HLNFF), 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). There is no change from last month.

I follow Five Health Care stocks. No stocks (0%) are showing as cheap by the historically high dividend yield. Sienna Senior Living Inc (TSX-SIA, OTC-LWSCF) has been removed from this list.

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. One stock (10%) is showing as cheap by the historical high dividend yield. It is Canadian Natural Resources (TSX-CNQ, NYSE-CNQ). 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 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 14 Financial Service stocks. Two stocks (7%) are showing as cheap by the historically high dividend yield. They are and Atrium Mortgage Investment Corp (TSX-AI, OTC-AMIVF), and Power Corp (TSX-POW, OTC-PWCDF). There is no change from last month.

Nine stocks (64%) 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 Royalty Corp (TSX-AD, 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), Onex Corp (TSX-ONEX, OTC-ONEXF) and Power Corp (TSX-POW, OTC-PWCDF). There is no change from last month.

I follow 6 Insurance stocks. I am now following Genworth MI Canada Inc (TSX-MIC, OTC-GMICF). 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). Genworth MI Canada Inc (TSX-MIC, OTC-GMICF) has been added to this list.

I follow 33 Industrial stocks. Aecon Group Inc (TSX-ARE, OTC-AEGXF) has been added to the Construction list. 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. I am now following Aecon Group Inc (TSX-ARE, OTC-AEGXF). One stock (14%) is showing as cheap by the historically high dividend yield. This stock is Aecon Group Inc (TSX-ARE, OTC-AEGXF).

Two stocks (17%) 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).

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). Russel Metals (TSX-RUS, OTC-RUSMF) have been added back to this list.

I have 7 Manufacturing stocks. One stocks (14%) is showing as cheap by the historically high dividend yield. It is Hammond Power Solutions Inc (TSX-HPS.A, OTC-HMDPF). Exco Technologies Ltd. (TSX-XTC, OTC-EXCOF) has been removed from 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%) is showing as cheap by the historically high dividend yield. Pason Systems Inc. (TSX-PSI, OTC-PSYTF) has been removed from this list.

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). There is no change from last month.

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). Barrick Gold Corp (TSX-ABX, NYSE-ABX) has been added back to this list.

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. No stocks (0%) are showing as cheap by historically high dividend yield. 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. No stocks (0%) are showing as cheap by historical high dividend yield. Evertz Technologies (TSX-ET, OTC-EVTZF) has been removed from this list.

Three stocks (33%) are showing cheap by historical median dividend yield. They are Computer Modelling Group Ltd. (TSX-CMG, OTC-CMDXF), Quarterhaill Inc (TSX-QTRH), NASDAQ-QTRH) and Sylogist Ltd (TSXV-SYZ, OTC-SYZLF). Quarterhaill Inc (TSX-QTRH), NASDAQ-QTRH) has been added to this list.

I follow 8 of the Infrastructure type utility companies. I am now following Capital Power Corp. (TSX-CPX, OTC-CPRHF). 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). Capital Power Corp. (TSX-CPX, OTC-CPRHF) have been added to this list.

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 (20%) are showing cheap by historical median dividend yield. Those stocks are ATCO Ltd (TSX-ACO.X, OTC-ACLLF), and Canadian Utilities Ltd (TSX-CU, OTC-CDUAF). There is no change from last month.

On my other blog I wrote yesterday about Capital Power Corp (TSX-CPX, OTC- CPRHF) ... learn more. Next, I will write about High Liner Foods (TSX-HLF, OTC-HLNFF) ... learn more on Friday, September 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.

Dividend Stocks September 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. Also. My Own Advisor Blogger has done a recent blog on Top Canadian stocks to weather COVID-19. 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 September 2020.

On this list,

• I have 12 stocks with a dividend yield higher than the historical high dividend yield,
• I have 48 stocks with a dividend yield higher than the historical average dividend yield
• I have 71 stocks with a dividend yield higher than the historical median dividend yield and
• 80 stocks with a dividend yield higher than the 5 year average dividend yield.

When I did my list last list in August 2020,

• I have 18 stocks with a dividend yield higher than the historical high dividend yield,
• I have 47 stocks with a dividend yield higher than the historical average dividend yield
• I have 67 stocks with a dividend yield higher than the historical median dividend yield and
• 82 stocks with a dividend yield higher than the 5 year average dividend yield.

When I did my list in January 2014,

• 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.

If you had one share of each stock, total dividends last month would be $162.64. This month dividends would be $166.63. It can vary as because some stocks are paid in US$ and so this figure is affected by currency exchange. Of the stock that I follow 5 stocks has raised their dividends since last month.

Barrick Gold Corp (TSX-ABX, NYSE-ABX)
Leon's Furniture (TSX-LNF, OTC-LEFUF)
Ritchie Bros Auctioneers Inc (TSX-RBA, NYSE-RBA)
Saputo Inc. (TSX-SAP, OTC-SAPIF)
TMX Group Ltd (TSX-X, OTC-TMXXF)

Of the stocks I follow, 1 stock has cut their dividends.

Pason Systems Inc. (TSX-PSI, OTC-PSYTF)

Of the stocks I follow, 0 stocks have suspended or terminated their dividend.

Reitmans Canada has filed for creditor protection and obtained an initial order under the CCAA on May 19, 2020. The Company expects to be delisted from the Toronto Stock Exchange on July 29 and is working to transition to the TSX Venture Exchange (TSX-V). See the News Release item from Reitmans. The Company entered into an interim (DIP) financing facility with Bank of Montreal in August 2020. What is interesting is that my shares are now listed as on the TD site with the OTC symbol of RTMAF.

I have added 3 stocks to my list of stocks to follow and deleted one. They are not great stocks, none that I would say I have to get some of that. However, neither are they dogs. These stocks are:

Aecon Group Inc (TSX-ARE, OTC-AEGXF) added and blogged about last week.
Genworth MI Canada Inc (TSX-MIC, OTC-GMICF) added and blogged about last week.
Capital Power Corp. (TSX-CPX, OTC-CPRHF) added and will blog about this week

Onex Corp (TSX-ONEX, OTC-ONEXF) – I am not longer following. Accounting is too complex and there is a disconnect between the 2018 and 2019 statements and I cannot be bothered to figure this out as I will not be buying this stock at any time in the future.

Most of my stocks started out as Dividend Payers. Currently 21 stocks are not paying any dividends and this would be some 15.3% of the stocks that I follow. Three of these stocks never had dividends, so 12% 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 ATCO Ltd (TSX-ACO.X, OTC-ACLLF) ... learn more. Next, I will write about Capital Power Corp (TSX-CPX, OTC- CPRHF) ... learn more on Wednesday, September 2, 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.