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.
Thursday, October 29, 2020
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.
Tuesday, October 20, 2020
Four Dividend Paying Tech Stocks
In this article of The Money Letter Margaret Samuel of Toronto-based Enriched Investing talks about 4 tech stocks to buy. They are:
Open Text Corporation (TSX-OTEX, NASDAQ-OTEX)
Sylogist Ltd (TSXV-SYZ, OTC-SYZLF)
Pivot Technology Solutions (TSX-PTG, OTC-PVVTF) and
Activision Blizzard Inc (NASDAQ-ATVI).
On my other blog I wrote yesterday about North West Company (TSX-NWC, OTC-NWTUF) ... learn more. Next, I will write about Pason Systems Inc (TSX-PSI, OTC-PSYTF) ... learn more on Wednesday, October 21, 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.
Open Text Corporation (TSX-OTEX, NASDAQ-OTEX)
Sylogist Ltd (TSXV-SYZ, OTC-SYZLF)
Pivot Technology Solutions (TSX-PTG, OTC-PVVTF) and
Activision Blizzard Inc (NASDAQ-ATVI).
On my other blog I wrote yesterday about North West Company (TSX-NWC, OTC-NWTUF) ... learn more. Next, I will write about Pason Systems Inc (TSX-PSI, OTC-PSYTF) ... learn more on Wednesday, October 21, 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 15, 2020
Best Stocks I Follow 2
I am currently following 158 stocks. In the chart below, I am showing the stocks that I follow that have increased the dividends over the past 5 year more than over the last 10 years. For example, with Algonquin Power, the dividend increases over the past 5 years was at 14.4% per year and over the past 10 years was lower at 11.3% per year.
The chart below, I am showing the dividend growth per year over the past 5 years and the Dividend Growth per year over the past 10 years. In the first symbol column, I give the Canadian symbol and in the second one, I am giving the US symbol.
On my other blog I wrote yesterday about Medtronic PLC (NYSE-MDT) ... learn more. Next, I will write about Equitable Group Inc (TSX-EQB, OTC-EQGPF) ... learn more on Friday, October 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.
The chart below, I am showing the dividend growth per year over the past 5 years and the Dividend Growth per year over the past 10 years. In the first symbol column, I give the Canadian symbol and in the second one, I am giving the US symbol.
| Name | Sym | Sym | DG 5 | DG 10 |
|---|---|---|---|---|
| Absolute Software | ABT | ALSWF | 9.9% | 0.0% |
| Algonquin Power | AQN | AQN | 14.4% | 11.3% |
| Allied Properties REIT | AP.UN | APYRF | 2.5% | 1.9% |
| Andrew Peller Ltd | ADW.A | ADWPF | 9.5% | 6.8% |
| ATCO Ltd | ACO.X | ACLLF | 13.5% | 12.5% |
| Badger Daylighting Ltd | BAD | BADFF | 9.3% | 3.0% |
| Bank of Montreal | BMO | BMO | 5.6% | 3.6% |
| Bank of Nova Scotia | BNS | BNS | 6.4% | 5.9% |
| Barclays PLC (UK£, US$) | BARC | BCS | 21.5% | -7.9% |
| Brookfield Asset | BAM.A | BAM | 8.8% | 5.8% |
| BRP Inc | DOO | DOOO | 11.8% | 0.0% |
| Canadian National Railway | CNR | CNI | 16.5% | 15.6% |
| Canadian Pacific Railway | CP | CP | 11.6% | 9.4% |
| Canadian Utilities Ltd | CU | CDUAF | 9.6% | 9.1% |
| Capital Power Corp. | CPX | CPRHF | 7.2% | 3.9% |
| CCL Industries | CCL.B | CCDBF | 24.8% | 16.6% |
| Chartwell Retirement | CSH.UN | CWSRF | 1.6% | -3.3% |
| Choice Properties REIT | CHP.UN | PPRQF | 2.6% | 2.2% |
| CIBC | CM | CM | 7.3% | 4.9% |
| Element Fleet Mge | EFN | ELEEF | 73.2% | 0.0% |
| Emera Inc | EMA | EMRAF | 10.0% | 8.7% |
| Enbridge Inc | ENB | ENB | 16.1% | 14.8% |
| Equitable Group Inc | EQB | EQGPF | 12.6% | 10.1% |
| Exchange Income Corp | EIF | EIFZF | 5.7% | 3.6% |
| FirstService Corp | FSV | FSV | 5.7% | 0.0% |
| Fortis Inc | FTS | FRTSF | 7.4% | 5.8% |
| Goeasy Ltd. | GSY | EHMEF | 26.3% | 12.4% |
| Great-West Lifeco Inc | GWO | GWLIF | 6.1% | 3.0% |
| HLS Therapeutics Inc | HLS | HLTRF | start | |
| IA Financial Corp | IAG | IDLLF | 10.7% | 6.1% |
| Innergex Renewable | INE | INGXF | 3.1% | -0.2% |
| Intact Financial Corp. | IFC | IFCZF | 9.6% | 9.0% |
| Keg Royalties Income | KEG.UN | KRIUF | 3.4% | -1.1% |
| Keyera Corp | KEY | KEYUF | 9.0% | 7.4% |
| Kirkland Lake Gold | KL | KL | 178.0% | 0.0% |
| Lassonde Industries | LAS.A | LSDAF | 10.3% | -0.1% |
| Loblaw Companies | L | LBLCF | 4.9% | 4.0% |
| Logistec Corp | LGT.B | LTKBF | 12.5% | 8.1% |
| Magna International Inc. | MG | MGA | 15.6% | 10.3% |
| Manulife Financial Corp | MFC | MFC | 11.9% | 2.5% |
| Medtronic PCL | MDT | 12.3% | 10.3% | |
| Methanex Corp | MX | MEOH | 11.0% | 8.1% |
| National Bank of Canada | NA | NTIOF | 7.7% | 6.9% |
| North West Company | NWC | NWTUF | 4.2% | 2.2% |
| Northland Power Inc | NPI | NPIFF | 2.1% | 1.1% |
| Parkland Fuel Corp | PKI | PKIUF | 2.4% | -58.0% |
| Pembina Pipeline Corp | PPL | PBA | 6.5% | 4.0% |
| PFB Corp | PFB | PFBOF | 5.9% | 2.9% |
| Pizza Pizza Royalty | PZA | PZRIF | 1.4% | -0.8% |
| Power Corp | POW | PWCDF | 5.5% | 3.3% |
| Premium Brands | PBH | PRBZF | 10.4% | 4.9% |
| Richards Packaging | RPI.UN | RPKIF | 10.9% | 1.6% |
| SmartCentres REIT | SRU.UN | CWYUF | 3.0% | 1.6% |
| Stantec Inc | STN | STN | 10.2% | 9.8% |
| Stella-Jones | SJ | STLJF | 19.1% | 18.9% |
| Stingray Digital Group | RAY.A | None | 22.3% | 0.0% |
| Sun Life Financial | SLF | SLF | 7.8% | 3.9% |
| Superior Plus Corp. | SPB | SUUIF | 3.4% | -7.8% |
| Supremex Inc | SXP | SUMXF | 9.5% | -8.7% |
| TC Energy Corp | TRP | TRP | 9.1% | 7.0% |
| TECSYS Inc | TCS | TCYSF | 20.6% | 16.5% |
| TFI International | TFII | TFIFF | 10.6% | 9.2% |
| TMX Group Ltd | X | TMXXF | 9.2% | 5.0% |
| Toromont Industries | TIH | TMTNF | 12.4% | 11.2% |
| Toronto Dominion | TD | TD | 9.5% | 9.0% |
| Waste Connections | WCN | WCN | 16.3% | 3.5% |
| WildBrain Ltd | WILD | WLDBF | start |
On my other blog I wrote yesterday about Medtronic PLC (NYSE-MDT) ... learn more. Next, I will write about Equitable Group Inc (TSX-EQB, OTC-EQGPF) ... learn more on Friday, October 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.
Tuesday, October 13, 2020
RioCan REIT
A Money Reporter article on Advice For Investors says that the REIT sector has been hit worse than in other real estate sectors. They think that the selloff in RioCan REIT has been overdone and it might be the time to buy this REIT for growth and income.
On my other blog I wrote yesterday about Canadian Pacific Railway (TSX-CP, NYSE-CP) ... learn more. Next, I will write about Medtronic PLC (NYSE-MDT) ... learn more on Wednesday, October 14, 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 Canadian Pacific Railway (TSX-CP, NYSE-CP) ... learn more. Next, I will write about Medtronic PLC (NYSE-MDT) ... learn more on Wednesday, October 14, 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 8, 2020
Something to Buy October 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 October 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%) is showing as cheap by the historically high dividend yield and it is Magna International Inc. (TSX-MG, NYSE-MGA). Stingray Digital Group Inc (TSX-RAY.A) has been removed from this list. Magna International Inc. (TSX-MG, NYSE-MGA) has been added back to 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). High Liner Foods (TSX-HLF, OTC-HLNFF) has been removed from this list.
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.
Four stocks (40%) are showing cheap by historical median dividend yield. These are Alimentation Couche-Tard (TSX-ATD.B, OTC-ANCUF), Lassonde Industries (TSX-LAS.A, OTC-LSDAF), Loblaw Companies (TSX-L, OTC-LBLCF), and Saputo Inc. (TSX-SAP, OTC-SAPIF). Empire Company Ltd (TSX-EMP.A, OTC-EMLAF) and Metro Inc (TSX-MRU, OTC-MTRAF) have been removed from this list. Lassonde Industries (TSX-LAS.A, OTC-LSDAF) has been added to 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). Suncor Energy (TSX-SU, NYSE-SU) has been added to 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. 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. I am no longer following Onex Corp (TSX-ONEX, OTC-ONEXF). Two stocks (15%) are showing as cheap by the historically high dividend yield. They are Atrium Mortgage Investment Corp (TSX-AI, OTC-AMIVF), and Power Corp (TSX-POW, OTC-PWCDF). There is no change from last month.
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). Onex Corp (TSX-ONEX, OTC-ONEXF) has been removed from this list as I am no longer following it.
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). Bird Construction Inc (TSX-BDT, OTC-BIRDF) has been added to this list.
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. Three stocks (43%) are showing as cheap by the historically high dividend yield. They are Exco Technologies Ltd. (TSX-XTC, OTC-EXCOF), 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) and Intertape Polymer Group Inc (TSX-ITP, OTC-ITPOF) have been added 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.
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). 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. 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). 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 (20%) 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). There is no change from last month.
On my other blog I wrote yesterday about Logistec Corp (TSX-LGT.B, OTC-LTKBF) ... learn more. Next, I will write about Trigon Metals Inc (TSX-TM, OTC-PNTZF) ... 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.
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 October 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%) is showing as cheap by the historically high dividend yield and it is Magna International Inc. (TSX-MG, NYSE-MGA). Stingray Digital Group Inc (TSX-RAY.A) has been removed from this list. Magna International Inc. (TSX-MG, NYSE-MGA) has been added back to 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). High Liner Foods (TSX-HLF, OTC-HLNFF) has been removed from this list.
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.
Four stocks (40%) are showing cheap by historical median dividend yield. These are Alimentation Couche-Tard (TSX-ATD.B, OTC-ANCUF), Lassonde Industries (TSX-LAS.A, OTC-LSDAF), Loblaw Companies (TSX-L, OTC-LBLCF), and Saputo Inc. (TSX-SAP, OTC-SAPIF). Empire Company Ltd (TSX-EMP.A, OTC-EMLAF) and Metro Inc (TSX-MRU, OTC-MTRAF) have been removed from this list. Lassonde Industries (TSX-LAS.A, OTC-LSDAF) has been added to 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). Suncor Energy (TSX-SU, NYSE-SU) has been added to 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. 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. I am no longer following Onex Corp (TSX-ONEX, OTC-ONEXF). Two stocks (15%) are showing as cheap by the historically high dividend yield. They are Atrium Mortgage Investment Corp (TSX-AI, OTC-AMIVF), and Power Corp (TSX-POW, OTC-PWCDF). There is no change from last month.
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). Onex Corp (TSX-ONEX, OTC-ONEXF) has been removed from this list as I am no longer following it.
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). Bird Construction Inc (TSX-BDT, OTC-BIRDF) has been added to this list.
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. Three stocks (43%) are showing as cheap by the historically high dividend yield. They are Exco Technologies Ltd. (TSX-XTC, OTC-EXCOF), 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) and Intertape Polymer Group Inc (TSX-ITP, OTC-ITPOF) have been added 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.
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). 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. 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). 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 (20%) 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). There is no change from last month.
On my other blog I wrote yesterday about Logistec Corp (TSX-LGT.B, OTC-LTKBF) ... learn more. Next, I will write about Trigon Metals Inc (TSX-TM, OTC-PNTZF) ... 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.
Tuesday, October 6, 2020
Dividend Stocks October 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 October 2020.
On this list,
Fortis Inc (TSX-FTS, OTC-FRTSF)
North West Company (TSX-NWC, OTC-NWTUF)
Savaria Corporation (TSX-SIS, OTC-SISXF)
Of the stocks I follow, 0 stock has cut their dividends.
Of the stocks I follow, 0 stocks have suspended or terminated their dividend.
About September 1, 2020, Alaris Equity Partners Income Trust acquired all the common shares of Alaris Royalty Corp. All will trade on TSX as AD.UN. Just Energy (TSX-JE, NYSE-JE) did a stock consolidation on 17 September 2020 of 1 to 33.
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 Teck Resources Ltd (TSX-TECK.B, NYSE-TECK) ... learn more. Next, I will write about Logistec Corp (TSX-LGT.B, OTC-LTKBF) ... 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 October 2020.
On this list,
- 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 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.
- 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.
Fortis Inc (TSX-FTS, OTC-FRTSF)
North West Company (TSX-NWC, OTC-NWTUF)
Savaria Corporation (TSX-SIS, OTC-SISXF)
Of the stocks I follow, 0 stock has cut their dividends.
Of the stocks I follow, 0 stocks have suspended or terminated their dividend.
About September 1, 2020, Alaris Equity Partners Income Trust acquired all the common shares of Alaris Royalty Corp. All will trade on TSX as AD.UN. Just Energy (TSX-JE, NYSE-JE) did a stock consolidation on 17 September 2020 of 1 to 33.
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 Teck Resources Ltd (TSX-TECK.B, NYSE-TECK) ... learn more. Next, I will write about Logistec Corp (TSX-LGT.B, OTC-LTKBF) ... 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 1, 2020
Best Stocks I Follow
I am currently following 158 stocks. In the chart below, I am showing the stocks that I follow that had no dividend decreases and, in most years, have increased the dividends each year. I have followed dividend changes since 2007 approximately 15 years ago.
Some of the stocks have started to pay dividends or went public less than 15 years ago. For example, BRP Inc (TSX-DOO, NASDAQ-DOOO) only started to pay dividends 3 years ago.
On my other blog I wrote yesterday about K-Bro Linen Inc (TSX-KBL, OTC-KBRLF) ... learn more. Next, I will write about Linamar Corporation (TSX-LNR, OTC-LIMAF) ... learn more on Friday, October 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 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.
Some of the stocks have started to pay dividends or went public less than 15 years ago. For example, BRP Inc (TSX-DOO, NASDAQ-DOOO) only started to pay dividends 3 years ago.
| Name | Exch | Sym | Exch | Sym | Pos | Yrs |
|---|---|---|---|---|---|---|
| Aecon Group Inc | TSX | ARE | OTC | AEGXF | 11 | 14 |
| Alimentation Couche-Tard | TSX | ATD.B | OTC | ANCUF | 12 | 14 |
| Andrew Peller Ltd | TSX | ADW.A | OTC | ADWPF | 12 | 15 |
| ATCO Ltd | TSX | ACO.X | OTC | ACLLF | 14 | 14 |
| Bank of Nova Scotia | TSX | BNS | NYSE | BNS | 11 | 14 |
| Brookfield Asset Management | TSX | BAM.A | NYSE | BAM | 10 | 13 |
| BRP Inc | TSX | DOO | NASDAQ | DOOO | 3 | 3 |
| Canadian National Railway | TSX | CNR | NYSE | CNI | 14 | 14 |
| Canadian Natural Resources | TSX | CNQ | NYSE | CNQ | 13 | 14 |
| Canadian Tire Corp | TSX | CTC.A | OTC | CDNAF | 12 | 14 |
| Canadian Utilities Ltd | TSX | CU | OTC | CDUAF | 14 | 14 |
| CCL Industries | TSX | CCL.B | OTC | CCDBF | 13 | 14 |
| CIBC | TSX | CM | NYSE | CM | 11 | 14 |
| Dollarama Inc | TSX | DOL | OTC | DLMAF | 7 | 7 |
| Emera Inc | TSX | EMA | OTC | EMRAF | 13 | 14 |
| Empire Company Ltd | TSX | EMP.A | OTC | EMLAF | 15 | 15 |
| Enbridge Inc | TSX | ENB | NYSE | ENB | 14 | 14 |
| Enghouse Systems Limited | TSX | ENGH | OTC | EGHSF | 11 | 12 |
| Exco Technologies Ltd | TSX | XTC | OTC | EXCOF | 12 | 14 |
| Finning International Inc | TSX | FTT | OTC | FINGF | 11 | 14 |
| FirstService Corp | TSX | FSV | NASDAQ | FSV | 5 | 7 |
| Fortis Inc | TSX | FTS | OTC | FRTSF | 13 | 14 |
| Genworth MI Canada Inc | TSX | MIC | OTC | GMICF | 11 | 11 |
| Intact Financial Corp. | TSX | IFC | OTC | IFCZF | 13 | 14 |
| Johnson and Johnson | NYSE | JNJ | 13 | 14 | ||
| Keyera Corp | TSX | KEY | OTC | KEYUF | 12 | 14 |
| Kirkland Lake Gold | TSX | KL | NYSE | KL | 4 | 4 |
| Logistec Corp | TSX | LGT.B | OTC | LTKBF | 11 | 14 |
| Medtronic PCL | NYSE | MDT | 14 | 14 | ||
| Methanex Corp | TSX | MX | NASDAQ | MEOH | 11 | 14 |
| Metro Inc | TSX | MRU | OTC | MTRAF | 13 | 14 |
| National Bank of Canada | TSX | NA | OTC | NTIOF | 12 | 15 |
| Pason Systems Inc. | TSX | PSI | OTC | PSYTF | 10 | 14 |
| Pembina Pipeline Corp | TSX | PPL | NYSE | PBA | 11 | 14 |
| Richelieu Hardware Ltd | TSX | RCH | OTC | RHUHF | 13 | 14 |
| Ritchie Bros Auctioneers Inc | TSX | RBA | NYSE | RBA | 12 | 14 |
| Royal Bank of Canada | TSX | RY | NYSE | RY | 11 | 14 |
| Saputo Inc | TSX | SAP | OTC | SAPIF | 14 | 15 |
| Stella-Jones | TSX | SJ | OTC | STLJF | 12 | 13 |
| Stingray Digital Group Inc | TSX | RAY.A | OTC | None | 5 | 5 |
| Sylogist Ltd | TSXV | SYZ | OTC | SYZLF | 9 | 10 |
| TC Energy Corp | TSX | TRP | NYSE | TRP | 14 | 14 |
| TECSYS Inc | TSX | TCS | OTC | TCYSF | 12 | 12 |
| Telus Corp | TSX | T | NYSE | TU | 14 | 14 |
| Thomson Reuters Corp | TSX | TRI | NYSE | TRI | 13 | 14 |
| Toromont Industries Ltd | TSX | TIH | OTC | TMTNF | 13 | 14 |
| Toronto Dominion Bank | TSX | TD | NYSE | TD | 11 | 14 |
| Transcontinental Inc | TSX | TCL.A | OTC | TCLAF | 11 | 13 |
On my other blog I wrote yesterday about K-Bro Linen Inc (TSX-KBL, OTC-KBRLF) ... learn more. Next, I will write about Linamar Corporation (TSX-LNR, OTC-LIMAF) ... learn more on Friday, October 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 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)