Dan Kent on Stock Trades Canada talks about Renewable Energy Stocks. He likes the stocks below. Read what he says about them.
Canadian Solar (NASDAQ-CSIQ)
Northland Power (TSX-NPI)
Brookfield Renewables (TSX-BEP.UN)
Algonquin Power and Utilities (TSX-AQN)
On my other blog I wrote yesterday about Parkland Fuel Corp (TSX-PKI, OTC-PKIUF) ... learn more. Next, I will write about Saputo Inc (TSX-SAP, OTC-SAPIF) ... learn more on Wednesday, June 30, 2021 around 5 pm.
This blog is meant for educational purposes only and is not to provide investment advice. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.
See my site for an index to these blog entries and for stocks followed. I have three blogs. The first talks only about specific stocks and is called Investment Talk. The second one contains information on mostly investing and is called Investing Economics Mostly. My last blog is for my book reviews and it is called Non-Fiction Mostly. Follow me on Twitter. I am on Instagram. Or you can just Google #walktoronto spbrunner8166 to see my pictures.
Tuesday, June 29, 2021
Thursday, June 24, 2021
Dividend Investing
I invest for dividends. I also invest for the long term. That is, I buy and hold. The stocks that I own I have held them for an average of 12 years. My longest held stock is 36 years and the shortest is less than 1 year. Because I have dividend growth stocks, I get compounding work for me.
I do have, over my 5 accounts 51 stocks. My main account for dividend income is my Canadian Dividend Account and I have 35 stocks in this account. If one of my dividend stocks craps out on dividends, it will do me little harm. I review my stocks every month.
The problem is that this way of investing is rather boring. It is far more exciting to speculate. So, I have set aside some money to buy more exciting stock. This is money I can afford to lose, or I am willing to lose. Going into the 2000 bear market I had a basket of small caps. I lost and have none left except a Canadian Resource company that has morphed in a company with a mine in Africa.
Since 2000 I have been getting into small caps with dividends. Since 2009, I have been using my TFSA account for fooling around money. To date I have earned since 2009 only an 8% per year total return for my TFSA account. But it has been fun.
On my other blog I wrote yesterday about CI Financial Corp (TSX-CIX, OTC-CIFAF) ... learn more. Next, I will write about Computer Modelling Group Ltd (TSX-CMG, OTC-CMDXF) ... learn more on Friday, June 25, 2021 around 5 pm.
This blog is meant for educational purposes only and is not to provide investment advice. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.
See my site for an index to these blog entries and for stocks followed. I have three blogs. The first talks only about specific stocks and is called Investment Talk. The second one contains information on mostly investing and is called Investing Economics Mostly. My last blog is for my book reviews and it is called Non-Fiction Mostly. Follow me on Twitter. I am on Instagram. Or you can just Google #walktoronto spbrunner8166 to see my pictures.
I do have, over my 5 accounts 51 stocks. My main account for dividend income is my Canadian Dividend Account and I have 35 stocks in this account. If one of my dividend stocks craps out on dividends, it will do me little harm. I review my stocks every month.
The problem is that this way of investing is rather boring. It is far more exciting to speculate. So, I have set aside some money to buy more exciting stock. This is money I can afford to lose, or I am willing to lose. Going into the 2000 bear market I had a basket of small caps. I lost and have none left except a Canadian Resource company that has morphed in a company with a mine in Africa.
Since 2000 I have been getting into small caps with dividends. Since 2009, I have been using my TFSA account for fooling around money. To date I have earned since 2009 only an 8% per year total return for my TFSA account. But it has been fun.
On my other blog I wrote yesterday about CI Financial Corp (TSX-CIX, OTC-CIFAF) ... learn more. Next, I will write about Computer Modelling Group Ltd (TSX-CMG, OTC-CMDXF) ... learn more on Friday, June 25, 2021 around 5 pm.
This blog is meant for educational purposes only and is not to provide investment advice. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.
See my site for an index to these blog entries and for stocks followed. I have three blogs. The first talks only about specific stocks and is called Investment Talk. The second one contains information on mostly investing and is called Investing Economics Mostly. My last blog is for my book reviews and it is called Non-Fiction Mostly. Follow me on Twitter. I am on Instagram. Or you can just Google #walktoronto spbrunner8166 to see my pictures.
Tuesday, June 22, 2021
AltaGas Ltd
Dylan Callaghan on Stock Trades has written about AltaGas’s recent turnaround. I have owned this stock for around 12 years. I did not sell when it got into trouble and cut its dividend.
On my other blog I wrote yesterday about Intertape Polymer Group Inc (TSX-ITP, OTC-ITPOF) ... learn more. Next, I will write about CI Financial Corp (TSX-CIX, OTC-CIFAF) ... learn more on Wednesday, June 23, 2021 around 5 pm.
This blog is meant for educational purposes only and is not to provide investment advice. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.
See my site for an index to these blog entries and for stocks followed. I have three blogs. The first talks only about specific stocks and is called Investment Talk. The second one contains information on mostly investing and is called Investing Economics Mostly. My last blog is for my book reviews and it is called Non-Fiction Mostly. Follow me on Twitter. I am on Instagram. Or you can just Google #walktoronto spbrunner8166 to see my pictures.
On my other blog I wrote yesterday about Intertape Polymer Group Inc (TSX-ITP, OTC-ITPOF) ... learn more. Next, I will write about CI Financial Corp (TSX-CIX, OTC-CIFAF) ... learn more on Wednesday, June 23, 2021 around 5 pm.
This blog is meant for educational purposes only and is not to provide investment advice. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.
See my site for an index to these blog entries and for stocks followed. I have three blogs. The first talks only about specific stocks and is called Investment Talk. The second one contains information on mostly investing and is called Investing Economics Mostly. My last blog is for my book reviews and it is called Non-Fiction Mostly. Follow me on Twitter. I am on Instagram. Or you can just Google #walktoronto spbrunner8166 to see my pictures.
Thursday, June 17, 2021
Dividend Income
Dividend growth companies makes compounding work for you. This is how you build a portfolio of dividend income. For example:
I have had Toromont Industries Ltd (industrial) for some 13 years and have made a total return of 14.62% per year with 12.27% from capital gains and 2.35% from dividends. On my original investment I am making 7.8% yield. They have a low dividend but nice dividend increase.
Metro Inc (food store - consumer) for 16 years and have earned 16.8% per year with 14.8% from capital gains and 2.03% from dividends. I have a yield of 17% on my original investment.
Emera Inc (utility) for 15 years and have made 11.9% per year with 6.93% from capital gains and 4.97% from dividends. I have a yield of 13.5% on my original investment.
Pembina Pipeline Corp (energy - pipeline) for 19 years and have made 15.67% per year with 6.84% from capital gains and 8.83% from dividends. I have a yield of 22.5% on my original investment.
Canadian Tire Corp (consumer) for 21 years and have made 12.64% per year with 10.68% from capital gains and 1.96% from dividends. I have a yield of 21.1% on my original investment.
This is how I built a portfolio that gives me increasing dividends each year. It takes time, but you can build a portfolio that provides you will an increasing income for a long time.
On my other blog I wrote yesterday about Lassonde Industries Inc (TSX-LAS.A, OTC-LSDAF) ... learn more. Next, I will write Waste Connections Inc (TSX-WCN, NYSE-WCN) ... learn more on Friday, June 18, 2021 around 5 pm.
This blog is meant for educational purposes only and is not to provide investment advice. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.
See my site for an index to these blog entries and for stocks followed. I have three blogs. The first talks only about specific stocks and is called Investment Talk. The second one contains information on mostly investing and is called Investing Economics Mostly. My last blog is for my book reviews and it is called Non-Fiction Mostly. Follow me on Twitter. I am on Instagram. Or you can just Google #walktoronto spbrunner8166 to see my pictures.
I have had Toromont Industries Ltd (industrial) for some 13 years and have made a total return of 14.62% per year with 12.27% from capital gains and 2.35% from dividends. On my original investment I am making 7.8% yield. They have a low dividend but nice dividend increase.
Metro Inc (food store - consumer) for 16 years and have earned 16.8% per year with 14.8% from capital gains and 2.03% from dividends. I have a yield of 17% on my original investment.
Emera Inc (utility) for 15 years and have made 11.9% per year with 6.93% from capital gains and 4.97% from dividends. I have a yield of 13.5% on my original investment.
Pembina Pipeline Corp (energy - pipeline) for 19 years and have made 15.67% per year with 6.84% from capital gains and 8.83% from dividends. I have a yield of 22.5% on my original investment.
Canadian Tire Corp (consumer) for 21 years and have made 12.64% per year with 10.68% from capital gains and 1.96% from dividends. I have a yield of 21.1% on my original investment.
This is how I built a portfolio that gives me increasing dividends each year. It takes time, but you can build a portfolio that provides you will an increasing income for a long time.
On my other blog I wrote yesterday about Lassonde Industries Inc (TSX-LAS.A, OTC-LSDAF) ... learn more. Next, I will write Waste Connections Inc (TSX-WCN, NYSE-WCN) ... learn more on Friday, June 18, 2021 around 5 pm.
This blog is meant for educational purposes only and is not to provide investment advice. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.
See my site for an index to these blog entries and for stocks followed. I have three blogs. The first talks only about specific stocks and is called Investment Talk. The second one contains information on mostly investing and is called Investing Economics Mostly. My last blog is for my book reviews and it is called Non-Fiction Mostly. Follow me on Twitter. I am on Instagram. Or you can just Google #walktoronto spbrunner8166 to see my pictures.
Tuesday, June 15, 2021
Best Utility Buys
Dan Kent on Stock Trades talks about Canada’s Best Utility Stocks to Buy in May 2021 and Beyond. He mentions:
Fortis (TSE:FTS)
Algonquin Power and Utilities (TSE:AQN)
Hydro One (TSE:H)
On my other blog I wrote yesterday about Goeasy Ltd (TSX-GSY, OTC-EHMEF) ... learn more. Next, I will write about Lassonde Industries Inc (TSX-LAS.A, OTC-LSDAF) ... learn more on Wednesday, June 16, 2021 around 5 pm.
This blog is meant for educational purposes only and is not to provide investment advice. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.
See my site for an index to these blog entries and for stocks followed. I have three blogs. The first talks only about specific stocks and is called Investment Talk. The second one contains information on mostly investing and is called Investing Economics Mostly. My last blog is for my book reviews and it is called Non-Fiction Mostly. Follow me on Twitter. I am on Instagram. Or you can just Google #walktoronto spbrunner8166 to see my pictures.
Fortis (TSE:FTS)
Algonquin Power and Utilities (TSE:AQN)
Hydro One (TSE:H)
On my other blog I wrote yesterday about Goeasy Ltd (TSX-GSY, OTC-EHMEF) ... learn more. Next, I will write about Lassonde Industries Inc (TSX-LAS.A, OTC-LSDAF) ... learn more on Wednesday, June 16, 2021 around 5 pm.
This blog is meant for educational purposes only and is not to provide investment advice. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.
See my site for an index to these blog entries and for stocks followed. I have three blogs. The first talks only about specific stocks and is called Investment Talk. The second one contains information on mostly investing and is called Investing Economics Mostly. My last blog is for my book reviews and it is called Non-Fiction Mostly. Follow me on Twitter. I am on Instagram. Or you can just Google #walktoronto spbrunner8166 to see my pictures.
Thursday, June 10, 2021
My Investing
I do a specific sort of investing. I am investing to have dividend income. Therefore, I look for dividend growth stocks. I try to buy them at a reasonable price. The price you pay affects your long term gains and income. There is a trade-off between dividend yields and dividend growth. I am willing to sacrifice current yield for growth. However, I never buy one where the current yield is less than 1%. It takes too long to make a more reasonable return (yield on original cost). I also have stocks with different combinations of yield and growth.
I never go after anything with a very high yield (more than 6%) unless we are in a bear market. I have little in resource (i.e., oil and gas) or material (i.e., gold, metals) stocks basically. They are less an 1% of my portfolio. This is Canada, so you need to know what these sectors are doing. This is why I follow some resource stocks. I do not buy airplane companies (i.e., Air Canada). I do not buy restaurant stocks (i.e., Pizza Pizza Royalty Corp). These are not the sort of stocks you can buy and hold forever.
Most of the dividend growth stocks are listed on the Canadian Dividend Aristocrat. The blogger Dan Kent of Stocks Trades Canada on shows this list on his site. See the end of the posting. It is not a bad list. However, for all the stocks in this list you need to check for two things. Can they afford their dividends? Best test in Dividend Payout Ratio for Earnings per Share (EPS). The other thing to check for is level of debt. Some industries, like utilities, tend to have a lot of debt (i.e., Pipelines).
Also, the blogger on Dividend Growth Investing & Retirement gives out a good spreadsheet on Canadian Dividend All-Star List. However, you have to sign up to his site to get access to it.
On my other blog I wrote yesterday about Maxar Technologies Ltd (TSX-MAXR, NYSE-MAXR) ... learn more. Next, I will write about Algonquin Power & Utilities Corp (TSX-AQN, NTSE-AQN) ... learn more on Friday, June 11, 2021 around 5 pm.
This blog is meant for educational purposes only and is not to provide investment advice. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.
See my site for an index to these blog entries and for stocks followed. I have three blogs. The first talks only about specific stocks and is called Investment Talk. The second one contains information on mostly investing and is called Investing Economics Mostly. My last blog is for my book reviews and it is called Non-Fiction Mostly. Follow me on Twitter. I am on Instagram. Or you can just Google #walktoronto spbrunner8166 to see my pictures.
I never go after anything with a very high yield (more than 6%) unless we are in a bear market. I have little in resource (i.e., oil and gas) or material (i.e., gold, metals) stocks basically. They are less an 1% of my portfolio. This is Canada, so you need to know what these sectors are doing. This is why I follow some resource stocks. I do not buy airplane companies (i.e., Air Canada). I do not buy restaurant stocks (i.e., Pizza Pizza Royalty Corp). These are not the sort of stocks you can buy and hold forever.
Most of the dividend growth stocks are listed on the Canadian Dividend Aristocrat. The blogger Dan Kent of Stocks Trades Canada on shows this list on his site. See the end of the posting. It is not a bad list. However, for all the stocks in this list you need to check for two things. Can they afford their dividends? Best test in Dividend Payout Ratio for Earnings per Share (EPS). The other thing to check for is level of debt. Some industries, like utilities, tend to have a lot of debt (i.e., Pipelines).
Also, the blogger on Dividend Growth Investing & Retirement gives out a good spreadsheet on Canadian Dividend All-Star List. However, you have to sign up to his site to get access to it.
On my other blog I wrote yesterday about Maxar Technologies Ltd (TSX-MAXR, NYSE-MAXR) ... learn more. Next, I will write about Algonquin Power & Utilities Corp (TSX-AQN, NTSE-AQN) ... learn more on Friday, June 11, 2021 around 5 pm.
This blog is meant for educational purposes only and is not to provide investment advice. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.
See my site for an index to these blog entries and for stocks followed. I have three blogs. The first talks only about specific stocks and is called Investment Talk. The second one contains information on mostly investing and is called Investing Economics Mostly. My last blog is for my book reviews and it is called Non-Fiction Mostly. Follow me on Twitter. I am on Instagram. Or you can just Google #walktoronto spbrunner8166 to see my pictures.
Tuesday, June 8, 2021
Sturdy Canadian Dividend Stocks
Ian Tam on Morningstar talks about Sturdy Canadian Dividend Stocks. The stocks he comes up with are:
Great-West Lifeco Inc.
BCE Inc.
TC Energy Corporation
Canadian Utilities Ltd., A
Emera Inc.
Brookfield Inf Partner
Capital Power Corp
Toronto-Dominion Bank
TELUS Corporation
Bank of Nova Scotia
Royal Bank of Canada
North West Company Inc.
CT REIT
Cogeco Communications
Transcontinental Inc.
Shaw Communications, B
Aecon Group Inc.
Killam Apartment REIT
On my other blog I wrote yesterday about Ensign Energy Services (TSX-ESI, OTC-ESVIF) ... learn more. Next, I will write about Maxar Technologies Ltd (TSX-MAXR, NYSE-MAXR) ... learn more on Wednesday, June 09, 2021 around 5 pm
This blog is meant for educational purposes only and is not to provide investment advice. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.
See my site for an index to these blog entries and for stocks followed. I have three blogs. The first talks only about specific stocks and is called Investment Talk. The second one contains information on mostly investing and is called Investing Economics Mostly. My last blog is for my book reviews and it is called Non-Fiction Mostly. Follow me on Twitter. I am on Instagram. Or you can just Google #walktoronto spbrunner8166 to see my pictures.
Great-West Lifeco Inc.
BCE Inc.
TC Energy Corporation
Canadian Utilities Ltd., A
Emera Inc.
Brookfield Inf Partner
Capital Power Corp
Toronto-Dominion Bank
TELUS Corporation
Bank of Nova Scotia
Royal Bank of Canada
North West Company Inc.
CT REIT
Cogeco Communications
Transcontinental Inc.
Shaw Communications, B
Aecon Group Inc.
Killam Apartment REIT
On my other blog I wrote yesterday about Ensign Energy Services (TSX-ESI, OTC-ESVIF) ... learn more. Next, I will write about Maxar Technologies Ltd (TSX-MAXR, NYSE-MAXR) ... learn more on Wednesday, June 09, 2021 around 5 pm
This blog is meant for educational purposes only and is not to provide investment advice. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.
See my site for an index to these blog entries and for stocks followed. I have three blogs. The first talks only about specific stocks and is called Investment Talk. The second one contains information on mostly investing and is called Investing Economics Mostly. My last blog is for my book reviews and it is called Non-Fiction Mostly. Follow me on Twitter. I am on Instagram. Or you can just Google #walktoronto spbrunner8166 to see my pictures.
Thursday, June 3, 2021
Something to Buy June 2021
There is always something to buy in the stock market. On Tuesday, I put out a list of the stocks that I covered and showed what stock might be a good deal based on dividend yield. Now I am trying to categorize what sorts of stocks may be a good deal based on dividend yield. The dividend yield test in this note is a quick way of finding possible stock buys. See my Spreadsheet .
The advantages to using dividend yield to judge how cheap or expensive a stock is, is that you are not using estimates or old data (like last reported quarter's data). You are using today's stock price and today's dividend yield. However, this is just a place to start. It is a good idea to check the stock price with other tests, especially the P/S Ratio test. For other testing, like P/E Ratios, P/S Ratios, P/CF Ratios, P/BV Ratios and Price/Graham Price Ratios, you use estimates or data from the last reported financial quarter.
If a stock is showing as a buy using the dividend yield test, I usually like to verify it is a buy by doing a P/S Ratio test. Here you compare the current P/S Ratio to the 10 year median P/S Ratio. If the current P/S Ratio is lower than the 10 year median, then the stock is a buy. I note that Morningstar gives a current P/S Ratio. The 10 year median ratio is shown in my review of a stock. The 10 year median ratio in a review is good for one year from the date of review.
This historical dividend yield test does not work well for old Income Trust companies. These companies had quite high Dividend Yields which will probably never be seen again. So, I started a column called VT (for Valid Test) and this applies to checking stock price using dividend yield. If it is not a valid test, I use N to show this. For these stocks, you might be better comparing the current dividend yield to the 10 year median dividend yield.
However, no system is perfect. But if you are interested in buying a stock a list of stocks cheap or reasonable using dividend yield data might be a good place to start.
Categorizing stocks is not as simple as it might seem. Every site you go to has categorized stocks a bit differently. I try to keep this as simple as possible. See Something to Buy June 2021 Spreadsheet above to see what stocks are showing whether a stock is relatively cheap based on historical high dividend yields (P/Hi), historical average dividend yields (P/Ave), historical median dividend yields (P/Med) or on 5 year median dividend yields (P/5Yr). As in other spreadsheets, you can highlight a line or a number of lines for better viewing.
In the following notes I am only going to list stocks showing as cheap using the historical high dividend yields (P/Hi) and historical median dividend yields (P/Med).
I follow 23 stocks in the Consumer Discretionary category. None of these stocks (0%) are showing as cheap by the historically high dividend yield. There is no change from last month.
Four (17%) of Consumer Discretionary are showing cheap by historical median dividend yield. They are Canadian Tire Corp (TSX-CTC.A, OTC-CDNAF), Goodfellow Inc (TSX-GDL, OTC-GFELF), Leon's Furniture (TSX-LNF, OTC-LEFUF), 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), Lassonde Industries (TSX-LAS.A, OTC-LSDAF), Loblaw Companies (TSX-L, OTC-LBLCF), Metro Inc (TSX-MRU, OTC-MTRAF), and Saputo Inc. (TSX-SAP, OTC-SAPIF). Lassonde Industries (TSX-LAS.A, OTC-LSDAF) has been added to this list.
I follow Five Health Care stocks. None of these stocks (0%) are showing as cheap by the historically high dividend yield. HLS Therapeutics Inc (TSX-HLS, OTC-HLTRF) has been removed from this list.
Three stocks (60%) are cheap by the historical median dividend yield. The stocks are HLS Therapeutics Inc (TSX-HLS, OTC-HLTRF), Johnson and Johnson (NYSE-JNJ), and Medtronic Inc. (NYSE-MDT). Sienna Senior Living Inc (TSX-SIA, OTC-LWSCF) has been removed from this list.
I follow 9 Energy stocks. No stock (0%) is showing as cheap by the historical high dividend yield. Canadian Natural Resources (TSX-CNQ, NYSE-CNQ) has been removed from to this list.
There are two stocks (22%) showing as cheap by historical median dividend yield. They are Canadian Natural Resources (TSX-CNQ, NYSE-CNQ), and Suncor Energy (TSX-SU, NYSE-SU). There is no change from last month.
I follow 8 Bank stocks. None of these stocks (0%) are showing as cheap by the historically high dividend yield. There is no change from last month.
Two stocks (25%) are showing as cheap by historical median dividend yield. They are Bank of Nova Scotia (TSX-BNS, NYSE-BNS), and Toronto Dominion Bank (TSX-TD, NYSE-TD). CIBC (TSX-CM, NYSE-CM) has been removed from this list.
I follow 13 Financial Service stocks. None of these stocks (0%) are showing as cheap by the historically high dividend yield. There is no change from last month.
Four stocks (31%) are showing as cheap by the historical median dividend yield. These stocks are AGF Management Ltd (TSX-AGF.B, OTC-AGFMF), Alaris Equity Partners Income Trust (TSX-AD.UN, OTC-ALARF), IGM Financial (TSX-IGM, OTC-IGIFF), and Power Corp (TSX-POW, OTC-PWCDF). Accord Financial Corp (TSX-ACD, OTC-ACCFF), and CI Financial (TSX-CIX, OTC-CIFAF) has been removed from this group.
I follow 5 Insurance stocks. None of these stocks (0%) are showing as cheap by the historically high dividend yield. There is no change from last month. Sagen MI Canada Inc (TSX-MIC, OTC-GMICF) has been bought out so the number is reduced to 5 stocks.
Three stocks (60%) are showing as cheap by historical median dividend yield. These stocks are Great-West Lifeco Inc. (TSX-GWO, OTC-GWLIF), IA Financial Corp (TSX-IAG, OTC-IDLLF), and Manulife Financial Corp (TSX-MFC, NYSE-MFC). Sagen MI Canada Inc (TSX-MIC, OTC-GMICF) has been removed from this list.
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. No stocks (0%) are showing as cheap by the historically high dividend yield. There is no change from last month.
One stock (14%) is showing as cheap by historical median dividend yield. It is Aecon Group Inc (TSX-ARE, OTC-AEGXF). There is no change from last month.
I have 3 stocks I have left with the sub-index of Industrial. None of these stocks (0%) are showing as cheap by the historically high dividend yield. There is no change from last month.
One stock (33%) is showing as cheap by historical median dividend yield. It is Finning International Inc. (TSX-FTT, OTC-FINGF). Russel Metals (TSX-RUS, OTC-RUSMF) has been removed from this list.
I have 7 Manufacturing stocks. None of these stocks (0%) are showing as cheap by the historically high dividend yield. There is no change from last month.
Two stocks (29%) are showing as cheap by historical median dividend yield. They are Exco Technologies Ltd. (TSX-XTC, OTC-EXCOF), and Hammond Power Solutions Inc (TSX-HPS.A, OTC-HMDPF). There is no change from last month.
I follow 16 Services stocks. None of these stocks (0%) are showing as cheap by the historically high dividend yield. There is no change from last month.
Two stocks (13%) are showing as cheap by historical median dividend yield. These stocks are Canadian National Railway (TSX-CNR, NYSE-CNI), and Transcontinental Inc (TSX-TCL.A, OTC-TCLAF). Wajax Corp (TSX-WJX, OTC-WJXFF) has been removed from this list.
I follow 10 Material stocks. One stock (10%) is showing as cheap by the historically high dividend yield. It is Kirkland Lake Gold (TSX-KL, NYSE-KL). There is no change from last month.
Three stock (30%) are showing as cheap by historical median dividend yield. The stocks are Barrick Gold Corp (TSX-ABX, NYSE-ABX), 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.
Two stocks (20%) are showing as cheap by historical median dividend yield. They are 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. None of the 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. There is no change from last month.
Two stock (22%) are showing cheap by historical median dividend yield. They Evertz Technologies (TSX-ET, OTC-EVTZF), and Sylogist Ltd (TSXV-SYZ, OTC-SYZLF). Sylogist Ltd (TSXV-SYZ, OTC-SYZLF) has been added to this list.
I follow 8 of the Infrastructure type utility companies. None of the stocks (0%) are showing as cheap by historical high dividend yield. Enbridge Inc. (TSX-ENB, NYSE-ENB) and TC Energy Corp (TSX-TRP, NYSE-TRP) have been removed from this list.
Three stocks (38%) are showing cheap by historical median dividend yield. They are Enbridge Inc. (TSX-ENB, NYSE-ENB), Keyera Corp (TSX-KEY, OTC-KEYUF), and TC Energy Corp (TSX-TRP, NYSE-TRP). Pembina Pipeline Corp (TSX-PPL, NYSE-PBA) has been removed from this list.
I follow 10 of the Power type utility companies, but Atlantic Power Corp (TSX-ATP, NYSE-AT) will be removed from this list as it has been bought out. 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), Canadian Utilities Ltd (TSX-CU, OTC-CDUAF). There is no change from last month.
On my other blog I wrote yesterday about IA Financial Corp (TSX-IAG, OTC-IDLLF) ... learn more. Next, I will write about Hardwoods Distribution Inc (TSX-HDI, OTC-HDIUF) ... learn more on Friday, June 04, 2021 around 5 pm.
This blog is meant for educational purposes only and is not to provide investment advice. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.
See my site for an index to these blog entries and for stocks followed. I have three blogs. The first talks only about specific stocks and is called Investment Talk . The second one contains information on mostly investing and is called Investing Economics Mostly. My last blog is for my book reviews and it is called Non-Fiction Mostly. Follow me on Twitter. I am on Instagram. Or you can just Google #walktoronto spbrunner8166 to see my pictures.
The advantages to using dividend yield to judge how cheap or expensive a stock is, is that you are not using estimates or old data (like last reported quarter's data). You are using today's stock price and today's dividend yield. However, this is just a place to start. It is a good idea to check the stock price with other tests, especially the P/S Ratio test. For other testing, like P/E Ratios, P/S Ratios, P/CF Ratios, P/BV Ratios and Price/Graham Price Ratios, you use estimates or data from the last reported financial quarter.
If a stock is showing as a buy using the dividend yield test, I usually like to verify it is a buy by doing a P/S Ratio test. Here you compare the current P/S Ratio to the 10 year median P/S Ratio. If the current P/S Ratio is lower than the 10 year median, then the stock is a buy. I note that Morningstar gives a current P/S Ratio. The 10 year median ratio is shown in my review of a stock. The 10 year median ratio in a review is good for one year from the date of review.
This historical dividend yield test does not work well for old Income Trust companies. These companies had quite high Dividend Yields which will probably never be seen again. So, I started a column called VT (for Valid Test) and this applies to checking stock price using dividend yield. If it is not a valid test, I use N to show this. For these stocks, you might be better comparing the current dividend yield to the 10 year median dividend yield.
However, no system is perfect. But if you are interested in buying a stock a list of stocks cheap or reasonable using dividend yield data might be a good place to start.
Categorizing stocks is not as simple as it might seem. Every site you go to has categorized stocks a bit differently. I try to keep this as simple as possible. See Something to Buy June 2021 Spreadsheet above to see what stocks are showing whether a stock is relatively cheap based on historical high dividend yields (P/Hi), historical average dividend yields (P/Ave), historical median dividend yields (P/Med) or on 5 year median dividend yields (P/5Yr). As in other spreadsheets, you can highlight a line or a number of lines for better viewing.
In the following notes I am only going to list stocks showing as cheap using the historical high dividend yields (P/Hi) and historical median dividend yields (P/Med).
I follow 23 stocks in the Consumer Discretionary category. None of these stocks (0%) are showing as cheap by the historically high dividend yield. There is no change from last month.
Four (17%) of Consumer Discretionary are showing cheap by historical median dividend yield. They are Canadian Tire Corp (TSX-CTC.A, OTC-CDNAF), Goodfellow Inc (TSX-GDL, OTC-GFELF), Leon's Furniture (TSX-LNF, OTC-LEFUF), 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), Lassonde Industries (TSX-LAS.A, OTC-LSDAF), Loblaw Companies (TSX-L, OTC-LBLCF), Metro Inc (TSX-MRU, OTC-MTRAF), and Saputo Inc. (TSX-SAP, OTC-SAPIF). Lassonde Industries (TSX-LAS.A, OTC-LSDAF) has been added to this list.
I follow Five Health Care stocks. None of these stocks (0%) are showing as cheap by the historically high dividend yield. HLS Therapeutics Inc (TSX-HLS, OTC-HLTRF) has been removed from this list.
Three stocks (60%) are cheap by the historical median dividend yield. The stocks are HLS Therapeutics Inc (TSX-HLS, OTC-HLTRF), Johnson and Johnson (NYSE-JNJ), and Medtronic Inc. (NYSE-MDT). Sienna Senior Living Inc (TSX-SIA, OTC-LWSCF) has been removed from this list.
I follow 9 Energy stocks. No stock (0%) is showing as cheap by the historical high dividend yield. Canadian Natural Resources (TSX-CNQ, NYSE-CNQ) has been removed from to this list.
There are two stocks (22%) showing as cheap by historical median dividend yield. They are Canadian Natural Resources (TSX-CNQ, NYSE-CNQ), and Suncor Energy (TSX-SU, NYSE-SU). There is no change from last month.
I follow 8 Bank stocks. None of these stocks (0%) are showing as cheap by the historically high dividend yield. There is no change from last month.
Two stocks (25%) are showing as cheap by historical median dividend yield. They are Bank of Nova Scotia (TSX-BNS, NYSE-BNS), and Toronto Dominion Bank (TSX-TD, NYSE-TD). CIBC (TSX-CM, NYSE-CM) has been removed from this list.
I follow 13 Financial Service stocks. None of these stocks (0%) are showing as cheap by the historically high dividend yield. There is no change from last month.
Four stocks (31%) are showing as cheap by the historical median dividend yield. These stocks are AGF Management Ltd (TSX-AGF.B, OTC-AGFMF), Alaris Equity Partners Income Trust (TSX-AD.UN, OTC-ALARF), IGM Financial (TSX-IGM, OTC-IGIFF), and Power Corp (TSX-POW, OTC-PWCDF). Accord Financial Corp (TSX-ACD, OTC-ACCFF), and CI Financial (TSX-CIX, OTC-CIFAF) has been removed from this group.
I follow 5 Insurance stocks. None of these stocks (0%) are showing as cheap by the historically high dividend yield. There is no change from last month. Sagen MI Canada Inc (TSX-MIC, OTC-GMICF) has been bought out so the number is reduced to 5 stocks.
Three stocks (60%) are showing as cheap by historical median dividend yield. These stocks are Great-West Lifeco Inc. (TSX-GWO, OTC-GWLIF), IA Financial Corp (TSX-IAG, OTC-IDLLF), and Manulife Financial Corp (TSX-MFC, NYSE-MFC). Sagen MI Canada Inc (TSX-MIC, OTC-GMICF) has been removed from this list.
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. No stocks (0%) are showing as cheap by the historically high dividend yield. There is no change from last month.
One stock (14%) is showing as cheap by historical median dividend yield. It is Aecon Group Inc (TSX-ARE, OTC-AEGXF). There is no change from last month.
I have 3 stocks I have left with the sub-index of Industrial. None of these stocks (0%) are showing as cheap by the historically high dividend yield. There is no change from last month.
One stock (33%) is showing as cheap by historical median dividend yield. It is Finning International Inc. (TSX-FTT, OTC-FINGF). Russel Metals (TSX-RUS, OTC-RUSMF) has been removed from this list.
I have 7 Manufacturing stocks. None of these stocks (0%) are showing as cheap by the historically high dividend yield. There is no change from last month.
Two stocks (29%) are showing as cheap by historical median dividend yield. They are Exco Technologies Ltd. (TSX-XTC, OTC-EXCOF), and Hammond Power Solutions Inc (TSX-HPS.A, OTC-HMDPF). There is no change from last month.
I follow 16 Services stocks. None of these stocks (0%) are showing as cheap by the historically high dividend yield. There is no change from last month.
Two stocks (13%) are showing as cheap by historical median dividend yield. These stocks are Canadian National Railway (TSX-CNR, NYSE-CNI), and Transcontinental Inc (TSX-TCL.A, OTC-TCLAF). Wajax Corp (TSX-WJX, OTC-WJXFF) has been removed from this list.
I follow 10 Material stocks. One stock (10%) is showing as cheap by the historically high dividend yield. It is Kirkland Lake Gold (TSX-KL, NYSE-KL). There is no change from last month.
Three stock (30%) are showing as cheap by historical median dividend yield. The stocks are Barrick Gold Corp (TSX-ABX, NYSE-ABX), 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.
Two stocks (20%) are showing as cheap by historical median dividend yield. They are 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. None of the 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. There is no change from last month.
Two stock (22%) are showing cheap by historical median dividend yield. They Evertz Technologies (TSX-ET, OTC-EVTZF), and Sylogist Ltd (TSXV-SYZ, OTC-SYZLF). Sylogist Ltd (TSXV-SYZ, OTC-SYZLF) has been added to this list.
I follow 8 of the Infrastructure type utility companies. None of the stocks (0%) are showing as cheap by historical high dividend yield. Enbridge Inc. (TSX-ENB, NYSE-ENB) and TC Energy Corp (TSX-TRP, NYSE-TRP) have been removed from this list.
Three stocks (38%) are showing cheap by historical median dividend yield. They are Enbridge Inc. (TSX-ENB, NYSE-ENB), Keyera Corp (TSX-KEY, OTC-KEYUF), and TC Energy Corp (TSX-TRP, NYSE-TRP). Pembina Pipeline Corp (TSX-PPL, NYSE-PBA) has been removed from this list.
I follow 10 of the Power type utility companies, but Atlantic Power Corp (TSX-ATP, NYSE-AT) will be removed from this list as it has been bought out. 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), Canadian Utilities Ltd (TSX-CU, OTC-CDUAF). There is no change from last month.
On my other blog I wrote yesterday about IA Financial Corp (TSX-IAG, OTC-IDLLF) ... learn more. Next, I will write about Hardwoods Distribution Inc (TSX-HDI, OTC-HDIUF) ... learn more on Friday, June 04, 2021 around 5 pm.
This blog is meant for educational purposes only and is not to provide investment advice. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.
See my site for an index to these blog entries and for stocks followed. I have three blogs. The first talks only about specific stocks and is called Investment Talk . The second one contains information on mostly investing and is called Investing Economics Mostly. My last blog is for my book reviews and it is called Non-Fiction Mostly. Follow me on Twitter. I am on Instagram. Or you can just Google #walktoronto spbrunner8166 to see my pictures.
Tuesday, June 1, 2021
Dividend Stocks June 2021
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. You might 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.
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 June 2021.
On this list,
Algonquin Power & Utilities Corp (TSX-AQN, NYSE-AQN)
Chesswood Group (TSX-CHW, OTC-CHWWF)
Johnson and Johnson (NYSE-JNJ)
Lassonde Industries (TSX-LAS.A, OTC-LSDAF)
Medtronic PCL (NYSE-MDT)
Telus Corp (TSX-T, NYSE-TU)
TMX Group Ltd (TSX-X, OTC-TMXXF)
Toromont Industries Ltd (TSX-TIH, OTC-TMTNF)
Atlantic Power Corp (TSX-ATP, NYSE-AT) has been bought by Squared Capital Advisors (US). See information on this here.
Badger Daylighting Ltd (TSX-BAD, OTC-BADFF) has changed its name to Badger Infrastructure Solutions Ltd (TSX-BDGI, OTC-BADFF) as of May 5, 2021. TSX symbol has also changed.
Canadian Pacific Railway (TSX-CP, NYSE-CP) has done of stock split of 5 to 1 effected May 14, 2021. See notice on Newswire.
Morneau Shepell Inc (TSX-MSI, OTC-MSIXF) has changed it name to LifeWorks Inc (TSX-LWRK, OTC-MSIXF) in an effort to highlight its focus on business and wellness. See their announcement here.
Of the stocks I follow, 0 stock have cut their dividends.
Of the stocks I follow, 0 stocks have suspended or terminated their dividend.
Of the stocks I follow, the following declined the most in their stock price.
Of the stock that I follow, these stocks gained the most in their stock price.
Most of my stocks started out as Dividend Payers. Currently 20 stocks are not paying any dividends and this would be some 12.74% of the stocks that I follow. Three of these stocks never had dividends, so 10.83% 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.
The last stock I wrote about was about was Ritchie Bros Auctioneers Inc (TSX-RBA, NYSE-RBA) ... learn more. The next stock I will write about will be IA Financial Corp (TSX-IAG, OTC-IDLLF) ... learn more on Wednesday, June 2, 2021 around 5 pm.
This blog is meant for educational purposes only and is not to provide investment advice. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.
See my 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.
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. You might 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.
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 June 2021.
On this list,
- I have 2 stocks with a dividend yield higher than the historical high dividend yield,
- I have 29 stocks with a dividend yield higher than the historical average dividend yield
- I have 44 stocks with a dividend yield higher than the historical median dividend yield and
- 43 stocks with a dividend yield higher than the 5 year average dividend yield.
- I have 3 stocks with a dividend yield higher than the historical high dividend yield,
- I have 30 stocks with a dividend yield higher than the historical average dividend yield
- I have 48 stocks with a dividend yield higher than the historical median dividend yield and
- 48 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.
Algonquin Power & Utilities Corp (TSX-AQN, NYSE-AQN)
Chesswood Group (TSX-CHW, OTC-CHWWF)
Johnson and Johnson (NYSE-JNJ)
Lassonde Industries (TSX-LAS.A, OTC-LSDAF)
Medtronic PCL (NYSE-MDT)
Telus Corp (TSX-T, NYSE-TU)
TMX Group Ltd (TSX-X, OTC-TMXXF)
Toromont Industries Ltd (TSX-TIH, OTC-TMTNF)
Atlantic Power Corp (TSX-ATP, NYSE-AT) has been bought by Squared Capital Advisors (US). See information on this here.
Badger Daylighting Ltd (TSX-BAD, OTC-BADFF) has changed its name to Badger Infrastructure Solutions Ltd (TSX-BDGI, OTC-BADFF) as of May 5, 2021. TSX symbol has also changed.
Canadian Pacific Railway (TSX-CP, NYSE-CP) has done of stock split of 5 to 1 effected May 14, 2021. See notice on Newswire.
Morneau Shepell Inc (TSX-MSI, OTC-MSIXF) has changed it name to LifeWorks Inc (TSX-LWRK, OTC-MSIXF) in an effort to highlight its focus on business and wellness. See their announcement here.
Of the stocks I follow, 0 stock have cut their dividends.
Of the stocks I follow, 0 stocks have suspended or terminated their dividend.
Of the stocks I follow, the following declined the most in their stock price.
| Name | Exch | Sym | Exch | Sym | Chge SP |
|---|---|---|---|---|---|
| Sylogist Ltd | TSXV | SYZ | OTC | SYZLF | -22.89% |
| Badger Infrastructure | TSX | BDGI | OTC | BADFF | -22.44% |
| Ballard Power Systems | TSX | BLDP | NASDAQ | BLDP | -22.02% |
| Maxar Technologies Ltd | TSX | MAXR | NYSE | MAXR | -21.06% |
| Pulse Seismic Inc. | TSX | PSD | OTC | PLSDF | -16.23% |
| HLS Therapeutics Inc | TSX | HLS | OTC | HLTRF | -13.32% |
| Reitmans (Canada) Ltd | TSX | RET.A | OTC | RTMAF | -12.77% |
| Hammond Power | TSX | HPS.A | OTC | HMDPF | -12.00% |
| TECSYS Inc | TSX | TCS | OTC | TCYSF | -10.06% |
| Alcanna Inc. | TSX | CLIQ | OTC | LQSIF | -10.05% |
Of the stock that I follow, these stocks gained the most in their stock price.
| Name | Exch | Sym | Exch | Sym | Chge SP |
|---|---|---|---|---|---|
| CI Financial | TSX | CIX | OTC | CIFAF | 13.51% |
| Teck Resources Ltd | TSX | TECK.B | NYSE | TECK | 14.57% |
| Kirkland Lake Gold | TSX | KL | NYSE | KL | 14.65% |
| Ensign Energy Services | TSX | ESI | OTC | ESVIF | 15.04% |
| ARC Resources Ltd | TSX | ARX | OTC | AETUF | 18.76% |
| Accord Financial Corp | TSX | ACD | OTC | ACCFF | 19.21% |
| Obsidian Energy Ltd | TSX | OBE | OTC | OBELF | 20.59% |
| SNC-Lavalin | TSX | SNC | OTC | SNCAF | 20.77% |
| Trigon Metals Inc. | TSX | TM | OTC | PNTZF | 29.03% |
| Russel Metals | TSX | RUS | OTC | RUSMF | 29.58% |
Most of my stocks started out as Dividend Payers. Currently 20 stocks are not paying any dividends and this would be some 12.74% of the stocks that I follow. Three of these stocks never had dividends, so 10.83% 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.
The last stock I wrote about was about was Ritchie Bros Auctioneers Inc (TSX-RBA, NYSE-RBA) ... learn more. The next stock I will write about will be IA Financial Corp (TSX-IAG, OTC-IDLLF) ... learn more on Wednesday, June 2, 2021 around 5 pm.
This blog is meant for educational purposes only and is not to provide investment advice. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.
See my website for stocks followed and investment notes. I have three blogs. The first talks only about specific stocks and is called Investment Talk. The second one contains information on mostly investing and is called Investing Economics Mostly. My last blog is for my book reviews and it is called Non-Fiction Mostly. Follow me on Twitter or StockTwits. I am on Instagram with #walktoronto.
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