Friday, December 30, 2022

Sahil Bloom

Sahil Bloom writes a newsletter called Curiosity Chronicle . A recent one I liked he called The Paradox of Speed .

I want to take some time and write about writers on Substack. All the ones I read are on Substack have referenced by others on Substack. However, you can go on Substack and signup to read authors by category. I heard about Sahil Bloom newsletter though people I read on Substack.

I started to read Substack authors after I saw an interview that included Bari Weiss and she talked about Substack. I looked at what Bari Weiss had to say on Substack first. She has various people write in her Substack and for ones I liked, I signed up for their Substack newsletters.

On my other blog I wrote yesterday about KP Tissue Inc (TSX-KPT, OTC-KPTSF) ... learn more. Next, I will write about Agnico Eagle Mines Ltd (TSX-AEM, NYSE-AEM) ... learn more on Friday, December 30, 2022 around 5 pm.

This blog is meant for educational purposes only and is not to provide investment advice. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.

See my site for an index to these blog entries and for stocks followed. I have three blogs. The first talks only about specific stocks and is called Investment Talk. The second one contains information on mostly investing and is called Investing Economics Mostly. My last blog is for my book reviews and it is called Non-Fiction Mostly. Follow me on Twitter. I am on Instagram. Or you can just Google #walktoronto spbrunner8166 to see my pictures.

Tuesday, December 27, 2022

Walking

This is a very interesting blog by Sahil Bloom. He sends out a weekly newsletter called The Curiosity Chronicle. @SahilBloom

I personally walk a lot. I generally walk 1 to 2 hours each day. I do have great places to walk. I am not far from Queen’s Park and that is a very big park. It has a nice gravel walk around the edge of the park. It is also quite nice to walk around the U of T campus.

On my other blog I wrote yesterday about Maple Leaf Foods Inc (TSX-MFI, OTC-MLFNF) ... learn more. Next, I will write about KP Tissue Inc (TSX-KPT, OTC-KPTSF) ... learn more on Wednesday, December 28, 2022 around 5 pm.

This blog is meant for educational purposes only and is not to provide investment advice. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.

See my site for an index to these blog entries and for stocks followed. I have three blogs. The first talks only about specific stocks and is called Investment Talk. The second one contains information on mostly investing and is called Investing Economics Mostly. My last blog is for my book reviews and it is called Non-Fiction Mostly. Follow me on Twitter. I am on Instagram. Or you can just Google #walktoronto spbrunner8166 to see my pictures.

Thursday, December 22, 2022

Dividend Investing

Dan Kent on Stock Trades is again talking about dividends. (To get rid of invite to join and continue or read this article, find the X in towards to top right of your page and click it.)

On my other blog I wrote yesterday about Element Fleet Management Corp (TSX-EFN, OTC-ELEEF) ... learn more. Next, I will write about Neighbourly Pharmacy Inc (TSX-NBLY, OTC-none) ... learn more on Friday, December 23, 2022 around 5 pm.

This blog is meant for educational purposes only and is not to provide investment advice. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.

See my site for an index to these blog entries and for stocks followed. I have three blogs. The first talks only about specific stocks and is called Investment Talk. The second one contains information on mostly investing and is called Investing Economics Mostly. My last blog is for my book reviews and it is called Non-Fiction Mostly. Follow me on Twitter. I am on Instagram. Or you can just Google #walktoronto spbrunner8166 to see my pictures.

Tuesday, December 20, 2022

Renting or Home Ownership

Here is an article from Money Sense on Renting vs. home ownership: Can you be financially secure without buying?

On my other blog I wrote yesterday about Bird Construction Inc (TSX-BDT, OTC-BIRDF) ... learn more. Next, I will write about Element Fleet Management Corp (TSX-EFN, OTC-ELEEF) ... learn more on Wednesday, December 21, 2022 around 5 pm.

This blog is meant for educational purposes only and is not to provide investment advice. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.

See my site for an index to these blog entries and for stocks followed. I have three blogs. The first talks only about specific stocks and is called Investment Talk. The second one contains information on mostly investing and is called Investing Economics Mostly. My last blog is for my book reviews and it is called Non-Fiction Mostly. Follow me on Twitter. I am on Instagram. Or you can just Google #walktoronto spbrunner8166 to see my pictures.

Thursday, December 15, 2022

Canadian Pipeline Companies

Gordon Pape on Money Show talks about Canadian Pipeline companies. He covers:

Enbridge Ltd. (TSX-ENB)
Pembina Pipeline (TSX-PBA)
TC Energy (TSX-TRP)

On my other blog I wrote yesterday about Chartwell Retirement Residences (TSX-CSH.UN, OTC-CWSRF) ... learn more. Next, I will write about Sienna Senior Living Inc (TSX-SIA, OTC-LWSCF) ... learn more on Friday, December 16, 2022 around 5 pm.

This blog is meant for educational purposes only and is not to provide investment advice. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct. See

my site for an index to these blog entries and for stocks followed. I have three blogs. The first talks only about specific stocks and is called Investment Talk. The second one contains information on mostly investing and is called Investing Economics Mostly. My last blog is for my book reviews and it is called Non-Fiction Mostly. Follow me on Twitter. I am on Instagram. Or you can just Google #walktoronto spbrunner8166 to see my pictures.

Tuesday, December 13, 2022

RIF and Year End

It is at this time of the year that I take out money from my RIF. I do this at year-end when I am planning for the following year. I take out what money I must pay in tax and most of the rest is transfer of stock from my RIF to my Trading Account.

In Canada, Income tax must be paid in the year it is due. So, at this time of the year, I use last year’s tax program to determine what tax I owe for the current year. (I use My Tax Express .) I have Quicken and spreadsheets that help me determine my income for the year. I determine my income tax, I see what stocks I want to transfer from my RIF to my Trading Account, and there will be a small sum over to transfer to my Trading Account.

On my other blog I wrote yesterday about Richards Packaging Income Fund (TSX-RPI.UN, OTC-RPKIF) ... learn more. Next, I will write about Chartwell Retirement Residences (TSX-CSH.UN, OTC-CWSRF) ... learn more on Wednesday, December 14, 2022 around 5 pm.

This blog is meant for educational purposes only and is not to provide investment advice. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.

See my site for an index to these blog entries and for stocks followed. I have three blogs. The first talks only about specific stocks and is called Investment Talk. The second one contains information on mostly investing and is called Investing Economics Mostly. My last blog is for my book reviews and it is called Non-Fiction Mostly. Follow me on Twitter. I am on Instagram. Or you can just Google #walktoronto spbrunner8166 to see my pictures

Thursday, December 8, 2022

Something to Buy December 2022

There is always something to buy in the stock market. On Tuesday, I put out a list of the stocks that I covered and showed what stock might be a good deal based on dividend yield. Now I am trying to categorize what sorts of stocks may be a good deal based on dividend yield. The dividend yield test in this note is a quick way of finding possible stock buys. See my Spreadsheet .

The advantages to using dividend yield to judge how cheap or expensive a stock is, is that you are not using estimates or old data (like last reported quarter's data). You are using today's stock price and today's dividend yield. However, this is just a place to start. It is a good idea to check the stock price with other tests, especially the P/S Ratio test. For other testing, like P/E Ratios, P/S Ratios, P/CF Ratios, P/BV Ratios and Price/Graham Price Ratios, you use estimates or data from the last reported financial quarter.

If a stock is showing as a buy using the dividend yield test, I usually like to verify it is a buy by doing a P/S Ratio test. Here you compare the current P/S Ratio to the 10 year median P/S Ratio. If the current P/S Ratio is lower than the 10 year median, then the stock is a buy. I note that Morningstar gives a current P/S Ratio. The 10 year median ratio is shown in my review of a stock. The 10 year median ratio in a review is good for one year from the date of review.

This historical dividend yield test does not work well for old Income Trust companies. These companies had quite high Dividend Yields which will probably never be seen again. So, I started a column called VT (for Valid Test) and this applies to checking stock price using dividend yield. If it is not a valid test, I use N to show this. For these stocks, you might be better comparing the current dividend yield to the 10 year median dividend yield.

However, no system is perfect. But if you are interested in buying a stock a list of stocks cheap or reasonable using dividend yield data might be a good place to start.

Categorizing stocks is not as simple as it might seem. Every site you go to has categorized stocks a bit differently. I try to keep this as simple as possible. See Something to Buy December 2022 Spreadsheet above to see what stocks are showing whether a stock is relatively cheap based on historical high dividend yields (P/Hi), historical median dividend yields (P/Med), 10 year high dividend yields (P/10Hi), or 10 year median dividend yields (P/10Yr). As in other spreadsheets, you can highlight a line or several 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 20 stocks in the Consumer Discretionary category. Two of these stocks (10%) are showing as cheap by the historically high dividend yield. They are Canadian Tire Corp (TSX-CTC.A, OTC-CDNAF), and Leon's Furniture (TSX-LNF, OTC-LEFUF). There is no change from last month.

Eleven (55%) 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), High Liner Foods (TSX-HLF, OTC-HLNFF), K-Bro Linen Inc (TSX-KBL, OTC-KBRLF), Keg Royalties Income Fund, (TSX-KEG.UN, OTC-KRIUF), Leon's Furniture (TSX-LNF, OTC-LEFUF), Linamar Corporation (TSX-LNR, OTC-LIMAF), Magna International Inc. (TSX-MG, NYSE-MGA), Molson Coors Canada (TSX-TPX.B, NYSE-TAP), Richelieu Hardware Ltd (TSX-RCH, OTC-RHUHF), and Stingray Digital Group Inc (TSX-RAY.A). BRP Inc (TSX-DOO, NASDAQ-DOOO), and Savaria Corporation (TSX-SIS, OTC-SISXF) have been removed from this list.

I follow 13 Consumer Staples stocks. No stock (7%) is showing as cheap by the historically high dividend yield. Maple Leaf Foods Inc (TSX-MFI, OTC-MLFNF has been removed from this list.

Eight stocks (62%) are showing cheap by historical median dividend yield. These are Alimentation Couche-Tard (TSX-ATD.B, OTC-ANCUF), Andrew Peller Ltd (TSX-ADW.A, OTC-ADWPF), Empire Company Ltd (TSX-EMP.A, OTC-EMLAF), KP Tissue Inc (TSX-KPT, NYSE-KPTSF), Lassonde Industries (TSX-LAS.A, OTC-LSDAF), Maple Leaf Foods Inc (TSX-MFI, OTC-MLFNF), Saputo Inc. (TSX-SAP, OTC-SAPIF), and Waterloo Brewing Ltd (TSX-WBR, OTC-BIBLF). Loblaw Companies (TSX-L, OTC-LBLCF), and Metro Inc (TSX-MRU, OTC-MTRAF) have been removed from this list.

I follow Six Health Care stocks. Two of these stocks (33%) are showing as cheap by the historically high dividend yield. They are Medtronic PCL (NYSE-MDT), Neighbourly Pharmacy Inc (TSX-NBLY, OTC-none). There is no change from last month.

Six stocks (100%) are cheap by the historical median dividend yield. The stocks are Chartwell Retirement Residences (TSX-CSH.UN, NYSE-CWSRF), HLS Therapeutics Inc (TSX-HLS, OTC-HLTRF), Johnson and Johnson (NYSE-JNJ), Medtronic Inc. (NYSE-MDT), Neighbourly Pharmacy Inc (TSX-NBLY, OTC-none), and Sienna Senior Living Inc (TSX-SIA, OTC-LWSCF). There is no change from last month.

I follow 9 Energy stocks. No stock (0%) is showing as cheap by the historical high dividend yield. There is no change from last month.

There are Five stocks (56%) showing as cheap by historical median dividend yield. They are Canadian Natural Resources (TSX-CNQ, NYSE-CNQ), Cenovus Energy Inc (TSX-CVE, NYSE-CVE), Mullen Group (TSX-MTL, OTC-MLLGF), Ovintiv Inc (TSX-OVV, OTC-OVV), and Suncor Energy (TSX-SU, NYSE-SU). There is no change from last month.

I follow 26 Financial stocks under the categories of Banks (8), Financial Services (13), and Insurance (5).

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.

Six stocks (75%) are showing as cheap by historical median dividend yield. They are Bank of Nova Scotia (TSX-BNS, NYSE-BNS), Barclays PLC (LSE-BARC, NYSE-BCS), Canadian Imperial Bank of Commerce (TSX-CM, NYSE-CM), Home Capital Group (TSX-HCG, OTC-HMCBF), National Bank of Canada (TSX-NA, OTC-NTIOF), and Toronto Dominion Bank (TSX-TD, NYSE-TD). Royal Bank of Canada (TSX-RY, NYSE-RY) 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.

Ten stocks (77%) 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, NYSE-CIXX), Element Fleet Management Corp (TSX-EFN, OTC-ELEEF), EQB Inc (TSX-EQB, OTC-EQGPF), Goeasy Ltd (TSX-GSY, OTC-EHMEF), IGM Financial (TSX-IGM, OTC-IGIFF), and Power Corp (TSX-POW, OTC-PWCDF). Element Fleet Management Corp (TSX-EFN, OTC-ELEEF) has been added to this list.

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.

Four stocks (80%) 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), Sun Life Financial (TSX-SLF, NYSE-SLF). There is no change from last month.

I follow 32 Industrial stocks. Because I have so many and Industrial is not very descriptive, I have divided my Industrial stocks into 4 separate categories under Industrial. They are Construction (7), Industrial (3), Manufacturing (5) and (Business) Services (17).

I have 7 Construction stocks. One stock (14%) is showing as cheap by the historically high dividend yield. It is Aecon Group Inc (TSX-ARE, OTC-AEGXF). 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). Bird Construction Inc (TSX-BDT, OTC-BIRDF) has been removed from this list.

I have 3 stocks 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.

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 5 Manufacturing stocks. None of these 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 Exco Technologies Ltd. (TSX-XTC, OTC-EXCOF). There is no change from last month.

I follow 17 Services stocks. One of these stocks (6.25%) is showing as cheap by the historically high dividend yield. It is Titanium Transportation Group Inc (TSX-TTR, OTC-TTTGF). There is no change from last month.

Nine stock (53%) are showing as cheap by historical median dividend yield. They are Algoma Central Corporation (TSX-ALC, OTC-AGMJF), Canadian National Railway (TSX-CNR, NYSE-CNI), GFL Environmental Inc (TSX-GFL, NYSE -GFL), Parkland Fuel Corp (TSX-PKI, OTC-PKIUF), Pulse Seismic Inc. (TSX-PSD, OTC-PLSDF), Ritchie Bros Auctioneers Inc (TSX-RBA, NYSE-RBA), Titanium Transportation Group Inc (TSX-TTR, OTC-TTTGF), Transcontinental Inc (TSX-TCL.A, OTC-TCLAF), and Wajax Corp (TSX-WJX, OTC-WJXFF). Ritchie Bros Auctioneers Inc (TSX-RBA, NYSE-RBA) has been added to this list.

I follow 9 Material stocks. No stock (0%) is showing as cheap by the historically high dividend yield. There is no change from last month.

Three stock (33%) are showing as cheap by historical median dividend yield. The stocks are Barrick Gold Corp (TSX-ABX, NYSE-ABX), Hardwoods Distribution Inc (TSX-HDI, OTC-HDIUF), and Stella-Jones (TSX-SJ, OTC-STLJF). Hardwoods Distribution Inc (TSX-HDI, OTC-HDIUF) has been added to this list and Chemtrade Logistics Inc. Fund (TSX-CHE.UN, OTC-CGIFF) has been deleted from this list.

I follow 10 Real Estate stocks. No stocks (0%) are showing as cheap by historically high dividend yield. There is no change from last month.

Three stocks (30%) are showing as cheap by historical median dividend yield. They are Allied Properties REIT (TSX-AP.UN, OTC-APYRF), Melcor Developments Inc. (TSX-MRD, OTC-MODVF), and SmartCentres REIT (TSX-SRU.UN, OTC-CWYUF). First Capital REIT (TSX-FCR.UN, OTC-FCXXF) has been removed from this list.

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 10 Tech stocks. No stock (10%) is showing as cheap by historical high dividend yield. Sylogist Ltd (TSXV-SYZ, OTC-SYZLF) has been removed from this list.

Four stock (40%) are showing cheap by historical median dividend yield. They are Enghouse Systems Limited (TSX-ENGH, OTC-EGHSF), Evertz Technologies (TSX-ET, OTC-EVTZF), Quarterhaill Inc (TSX-QTRH, OTC-QTRHF) and Sylogist Ltd (TSXV-SYZ, OTC-SYZLF). Computer Modelling Group Ltd (TSX-CMG, OTC-CMDXF) has been removed from this list.

I follow 7 of the Infrastructure Type utility companies. None of the stocks (0%) are showing as cheap by historical high dividend yield. There is no change from last month.

Three stocks (43%) are showing cheap by historical median dividend yield. They are Enbridge Inc. (TSX-ENB, NYSE-ENB), Keyera Corp (TSX-KEY, OTC-KEYUF), and TC Energy Corp (TSX-TRP, NYSE-TRP). There is no change from last month.

I follow 9 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.

Five stocks (56%) are showing as cheap by historical median dividend yield. Those stocks are Algonquin Power & Utilities Corp (TSX-AQN, NYSE-AQN), ATCO Ltd (TSX-ACO.X, OTC-ACLLF), Canadian Utilities Ltd (TSX-CU, OTC-CDUAF), Emera Inc (TSX-EMA, OTC-EMRAF), and Fortis Inc (TSX-FTS, OTC-FRTSF). There is no change from last month.

On my other blog I wrote yesterday about Methanex Corp (TSX-MX, NASDAQ-MEOH) ... learn more. Next, I will write about Magna International Inc (TSX-MG, NYSE-MGA) ... learn more on Friday, December 9, 2022 around 5 pm.

This blog is meant for educational purposes only and is not to provide investment advice. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.

See my site for an index to these blog entries and for stocks followed. I have three blogs. The first talks only about specific stocks and is called Investment Talk . The second one contains information on mostly investing and is called Investing Economics Mostly. My last blog is for my book reviews and it is called Non-Fiction Mostly. Follow me on Twitter. I am on Instagram. Or you can just Google #walktoronto spbrunner8166 to see my pictures.

Tuesday, December 6, 2022

Dividend Stocks December 2022

First, I want to point out that not all 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 several 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 December 2022. Note: I am no longer looking at Historical average dividend yields.

On this list,
  • I have 7 stocks with a dividend yield higher than the historical high dividend yield,
  • I have 84 stocks with a dividend yield higher than the historical median dividend yield and
  • 83 stocks with a dividend yield higher than the 10 year average dividend yield.
When I did my list last list in November 2022,
  • I have 9 stocks with a dividend yield higher than the historical high dividend yield,
  • I have 90 stocks with a dividend yield higher than the historical median dividend yield and
  • 87 stocks with a dividend yield higher than the 10 year average dividend yield.
When I did my list in January 2014,
  • I had 9 stocks with a dividend yield higher than the historical high dividend yield,
  • I had 45 stocks with a dividend yield higher than the historical average dividend yield and
  • 39 stocks with a dividend yield higher than the 5 year median dividend yield.
If you had one share of each stock, total dividends last month would be $192.84. This month dividends would be $195.46. It can vary as because some stocks are paid in US$ and so this figure is affected by currency exchange. Of the stock that I follow 21 stocks has raised their dividends since last month. If I did an index based on stock price, the index for last month would be 655.29and this month 684.06.

Alimentation Couche-Tard (TSX-ATD, OTC-ANCUF)
ARC Resources Ltd (TSX-ARX, OTC-AETUF)
Bank of Montreal (TSX-BMO, NYSE-BMO)
Canadian Imperial Bank of Commerce (TSX-CM, NYSE-CM)
Canadian Natural Resources (TSX-CNQ, NYSE-CNQ)

Canadian Tire Corp (TSX-CTC.A, OTC-CDNAF)
Element Fleet Management Corp (TSX-EFN, OTC-ELEEF)
Enbridge Inc (TSX-ENB, NYSE-ENB)
EQB Inc (TSX-EQB, OTC-EQGPF)
Hardwoods Distribution Inc (TSX-HDI, OTC-HDIUF)

High Liner Foods (TSX-HLF, OTC-HLNFF)
National Bank of Canada (TSX-NA, OTC-NTIOF)
Pizza Pizza Royalty Corp (TSX-PZA, OTC-PZRIF)
Royal Bank of Canada (TSX-RY, NYSE-RY)
Sun Life Financial (TSX-SLF, NYSE-SLF)

Suncor Energy Inc (TSX-SU, NYSE-SU)
TECSYS Inc (TSX-TCS, OTC-TCYSF)
Telus Corp (TSX-T, NYSE-TU)
Toronto Dominion Bank (TSX-TD, NYSE-TD)
TransAlta Corp (TSX-TA, NYSE-TAC)

Waste Connections Inc (TSX-WCN, NYSE-WCN)

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

Sylogist Ltd (TSXV-SYZ, OTC-SYZLF)

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
Algonquin Power TSX AQN NYSE AQN -31.93%
Just Energy Group Inc TSX JE.H OTC JENGQ -30.43%
Obsidian Energy Ltd TSX OBE NYSE OBE -18.32%
Ritchie Bros Auctioneers TSX RBA NYSE RBA -18.29%
Absolute Software Corp TSX ABST NASDAQ ABST -17.44%
Waterloo Brewing Ltd TSX WBR OTC BIBLF -17.38%
Quarterhaill Inc TSX QTRH OTC QTRHF -9.88%
AltaGas Ltd TSX ALA OTC ATGFF -9.12%
Titanium Transportation TSX TTNM OTC TTNMF -8.82%
Medtronic PCL NYSE MDT -8.26%

Of the stock that I follow, these stocks gained the most in their stock price.

Name Exch Sym Exch Sym Chge SP
Bird Construction Inc TSX BDT OTC BIRDF 19.45%
Teck Resources Ltd TSX TECK.B NYSE TECK 19.73%
Maple Leaf Foods Inc TSX MFI OTC MLFNF 21.14%
Supremex Inc TSX SXP OTC SUMXF 24.16%
Ag Growth International TSX AFN OTC AGGZF 24.96%
Chemtrade Logistics Inc. TSX CHE.UN OTC CGIFF 31.18%
Bombardier Inc. TSX BBD.B OTC BDRBF 32.83%
WildBrain Ltd TSX WILD OTC WLDBF 36.53%
Finning International Inc TSX FTT OTC FINGF 39.87%
Home Capital Group TSX HCG OTC HMCBF 66.91%

Most of my stocks started out as Dividend Payers. Currently 12 stocks are not paying any dividends and this would be some 7.79% of the stocks that I follow. Three of these stocks never had dividends, so 5.84% 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 Stantec Inc (TSX-STN, NYSE-STN) ... learn more. Next, I will write about Methanex Corp (TSX-MX, NASDAQ-MEOH) ... learn more on Wednesday, December 7, 2022 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, December 1, 2022

Emergency Fund

Read the Money Sense article on an emergency fund.

I am retired and I still have an emergency fund. It is for the unexpected happening. I last used it when I need to pay for physiotherapy because of a sore back. I sat at my computer too much during the last lock down. You never know when you are going to need some extra funds.

Life is cyclical. Economically, we have expansions and contractions. We are lucky that there has not been a contraction since 2008. We are probably in one now. When you have an emergency fund you will have a lot less stress during economic contractions. I also had another source of income besides my job when I worked. I invested in dividend paying companies and this certainly made economic changes much less stressful for me.

On my other blog I wrote yesterday about Waterloo Brewing Ltd (TSX-WBR, OTC-BIBLF) ... learn more. Next, I will write about Keg Royalties Income Fund (TSX-KEG.UN, OTC-KRIUF) ... learn more on Friday, December 2, 2022 around 5 pm.

This blog is meant for educational purposes only and is not to provide investment advice. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.

See my site for an index to these blog entries and for stocks followed. I have three blogs. The first talks only about specific stocks and is called Investment Talk. The second one contains information on mostly investing and is called Investing Economics Mostly. My last blog is for my book reviews and it is called Non-Fiction Mostly. Follow me on Twitter. I am on Instagram. Or you can just Google #walktoronto spbrunner8166 to see my pictures.

Tuesday, November 29, 2022

Peter Sweden - Substack

Another newsletter on Substack is one by Peter Sweden. I like to get all different points of views. I like to know what people are saying.

I want to take some time and write about writers on Substack. All the ones I read are on Substack have referenced by others on Substack. However, you can go on Substack and signup to read authors by category.

I started to read Substack authors after I saw an interview that included Bari Weiss and she talked about Substack. I looked at what Bari Weiss had to say on Substack first. She has various people write in her Substack and for ones I liked, I signed up for their Substack newsletters.

On my other blog I wrote yesterday about Wild Brain Ltd (TSX-WILD, OTC-WLDBF) ... learn more. Next, I will write about Waterloo Brewing Ltd (TSX-WBR, OTC-BIBLF) ... learn more on Wednesday, November 30, 2022 around 5 pm.

This blog is meant for educational purposes only and is not to provide investment advice. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.

See my site for an index to these blog entries and for stocks followed. I have three blogs. The first talks only about specific stocks and is called Investment Talk. The second one contains information on mostly investing and is called Investing Economics Mostly. My last blog is for my book reviews and it is called Non-Fiction Mostly. Follow me on Twitter. I am on Instagram. Or you can just Google #walktoronto spbrunner8166 to see my pictures.

Thursday, November 24, 2022

Kyla Scanlon - Substack

Another economic newsletter on Substack is one by Kyla Scanlon.

I want to take some time and write about writers on Substack. All the ones I read are on Substack have referenced by others on Substack. However, you can go on Substack and signup to read authors by category.

I started to read Substack authors after I saw an interview that included Bari Weiss and she talked about Substack. I looked at what Bari Weiss had to say on Substack first. She has various people write in her Substack and for ones I liked, I signed up for their Substack newsletters.

On my other blog I wrote yesterday about First Capital REIT (TSX-FCR.UN, OTC-FCXXF) ... learn more. Next, I will write about Stella-Jones Inc (TSX-SJ, OTC-STLJF) ... learn more on Friday, November around 5 pm.

This blog is meant for educational purposes only and is not to provide investment advice. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.

See my site for an index to these blog entries and for stocks followed. I have three blogs. The first talks only about specific stocks and is called Investment Talk. The second one contains information on mostly investing and is called Investing Economics Mostly. My last blog is for my book reviews and it is called Non-Fiction Mostly. Follow me on Twitter. I am on Instagram. Or you can just Google #walktoronto spbrunner8166 to see my pictures.

Tuesday, November 22, 2022

Future Crunch

This site of Future Crunch is all about the good news that is occurring around the world. It is a great site to read.

On my other blog I wrote yesterday about FirstService Corp (TSX-FSV, NASDAQ-FSV) ... learn more. Next, I will write about First Capital REIT (TSX-FCR.UN, OTC-FCXXF) ... learn more on Wednesday, November 23, 2022 around 5 pm.

This blog is meant for educational purposes only and is not to provide investment advice. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.

See my site for an index to these blog entries and for stocks followed. I have three blogs. The first talks only about specific stocks and is called Investment Talk. The second one contains information on mostly investing and is called Investing Economics Mostly. My last blog is for my book reviews and it is called Non-Fiction Mostly. Follow me on Twitter. I am on Instagram. Or you can just Google #walktoronto spbrunner8166 to see my pictures.

Thursday, November 17, 2022

Low Interest Credit Cards

This article on Money Sense suggests that if you run a credit card balance you should get a low interest Credit Card. That is not a bad suggestion.

However, I do think that it is a very bad idea to run a credit card balance. I never do. I pay my credit card off every month. If I need money for a big item, I used my Line of Credit.

On my other blog I wrote yesterday about Chesswood Group Ltd (TSX-CHW, OTC-CHWWF) ... learn more. Next, I will write about Northland Power Inc (TSX-NPI, OTC-NPIFF) ... learn more on Friday, November 18, 2022 around 5 pm.

This blog is meant for educational purposes only and is not to provide investment advice. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.

See my site for an index to these blog entries and for stocks followed. I have three blogs. The first talks only about specific stocks and is called Investment Talk. The second one contains information on mostly investing and is called Investing Economics Mostly. My last blog is for my book reviews and it is called Non-Fiction Mostly. Follow me on Twitter. I am on Instagram. Or you can just Google #walktoronto spbrunner8166 to see my pictures.

Tuesday, November 15, 2022

0% in 30 Years

There is an interesting article from Mauldin Economics and Thompson Clark about investing in China. Investors in the largest Chinese ETF have seen no positive return in 30 years. I get daily emails from Mauldin Economics and they are always interesting.

By the way, I would never personally invest in China. I do not do foreign investing. I currently mostly invest in Canada. The only foreign investment I have is a small US index mutual fund.

On my other blog I wrote yesterday about Quarterhill Inc (TSX-QTRH, OTC-QTRHF) ... learn more. Next, I will write about Chesswood Group Ltd (TSX-CHW, OTC-CHWWF) ... learn more on Wednesday, November 16, 2022 around 5 pm.

This blog is meant for educational purposes only and is not to provide investment advice. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.

See my site for an index to these blog entries and for stocks followed. I have three blogs. The first talks only about specific stocks and is called Investment Talk. The second one contains information on mostly investing and is called Investing Economics Mostly. My last blog is for my book reviews and it is called Non-Fiction Mostly. Follow me on Twitter. I am on Instagram. Or you can just Google #walktoronto spbrunner8166 to see my pictures.

Thursday, November 10, 2022

James Pethokoukis - Substack

Another Substack writer I am reading is James Pethokoukis. In this blog entry James Pethokoukis talks whether this century will belong to China, India, or US.

I want to take some time and write about writers on Substack. All the ones I read are on Substack have referenced by others on Substack. However, you can go on Substack and signup to read authors by category.

I started to read Substack authors after I saw an interview that included Bari Weiss and she talked about Substack. I looked at what Bari Weiss had to say on Substack first. She has various people write in her Substack and for ones I liked, I signed up for their Substack newsletters.

On my other blog I wrote yesterday about Crescent Point Energy Corp (TSX-CPG, NYSE-CPG) ... learn more. Next, I will write about Finning International Inc (TSX-FTT, OTC-FINGF) ... learn more on Friday, November 11, 2022 around 5 pm.

This blog is meant for educational purposes only and is not to provide investment advice. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.

See my site for an index to these blog entries and for stocks followed. I have three blogs. The first talks only about specific stocks and is called Investment Talk. The second one contains information on mostly investing and is called Investing Economics Mostly. My last blog is for my book reviews and it is called Non-Fiction Mostly. Follow me on Twitter. I am on Instagram. Or you can just Google #walktoronto spbrunner8166 to see my pictures.

Tuesday, November 8, 2022

TFSA vs RRSP

This article on Money Sense looks at both TFSA and RRSP and talks about what might be best for you.

On my other blog I wrote yesterday about Innergex Renewable Energy (TSX-INE, OTC-INGXF) ... learn more. Next, I will write about Crescent Point Energy Corp (TSX-CPG, NYSE-CPG) ... learn more on Tuesday, November 9, 2022 around 5 pm.

This blog is meant for educational purposes only and is not to provide investment advice. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.

See my site for an index to these blog entries and for stocks followed. I have three blogs. The first talks only about specific stocks and is called Investment Talk. The second one contains information on mostly investing and is called Investing Economics Mostly. My last blog is for my book reviews and it is called Non-Fiction Mostly. Follow me on Twitter. I am on Instagram. Or you can just Google #walktoronto spbrunner8166 to see my pictures.

Thursday, November 3, 2022

Something to Buy November 2022

There is always something to buy in the stock market. On Tuesday, I put out a list of the stocks that I covered and showed what stock might be a good deal based on dividend yield. Now I am trying to categorize what sorts of stocks may be a good deal based on dividend yield. The dividend yield test in this note is a quick way of finding possible stock buys. See my Spreadsheet .

The advantages to using dividend yield to judge how cheap or expensive a stock is, is that you are not using estimates or old data (like last reported quarter's data). You are using today's stock price and today's dividend yield. However, this is just a place to start. It is a good idea to check the stock price with other tests, especially the P/S Ratio test. For other testing, like P/E Ratios, P/S Ratios, P/CF Ratios, P/BV Ratios and Price/Graham Price Ratios, you use estimates or data from the last reported financial quarter.

If a stock is showing as a buy using the dividend yield test, I usually like to verify it is a buy by doing a P/S Ratio test. Here you compare the current P/S Ratio to the 10 year median P/S Ratio. If the current P/S Ratio is lower than the 10 year median, then the stock is a buy. I note that Morningstar gives a current P/S Ratio. The 10 year median ratio is shown in my review of a stock. The 10 year median ratio in a review is good for one year from the date of review.

This historical dividend yield test does not work well for old Income Trust companies. These companies had quite high Dividend Yields which will probably never be seen again. So, I started a column called VT (for Valid Test) and this applies to checking stock price using dividend yield. If it is not a valid test, I use N to show this. For these stocks, you might be better comparing the current dividend yield to the 10 year median dividend yield.

However, no system is perfect. But if you are interested in buying a stock a list of stocks cheap or reasonable using dividend yield data might be a good place to start.

Categorizing stocks is not as simple as it might seem. Every site you go to has categorized stocks a bit differently. I try to keep this as simple as possible. See Something to Buy November 2022 Spreadsheet above to see what stocks are showing whether a stock is relatively cheap based on historical high dividend yields (P/Hi), historical median dividend yields (P/Med), 10 year high dividend yields (P/10Hi), or 10 year median dividend yields (P/10Yr). As in other spreadsheets, you can highlight a line or several 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 20 stocks in the Consumer Discretionary category. Two of these stocks (10%) are showing as cheap by the historically high dividend yield. They are Canadian Tire Corp (TSX-CTC.A, OTC-CDNAF), and Leon's Furniture (TSX-LNF, OTC-LEFUF). Magna International Inc. (TSX-MG, NYSE-MGA) has been removed from this list.

Thirteen (65%) of Consumer Discretionary are showing cheap by historical median dividend yield. They are BRP Inc (TSX-DOO, NASDAQ-DOOO), Canadian Tire Corp (TSX-CTC.A, OTC-CDNAF), Goodfellow Inc (TSX-GDL, OTC-GFELF), High Liner Foods (TSX-HLF, OTC-HLNFF), K-Bro Linen Inc (TSX-KBL, OTC-KBRLF), Keg Royalties Income Fund, (TSX-KEG.UN, OTC-KRIUF), Leon's Furniture (TSX-LNF, OTC-LEFUF), Linamar Corporation (TSX-LNR, OTC-LIMAF), Magna International Inc. (TSX-MG, NYSE-MGA), Molson Coors Canada (TSX-TPX.B, NYSE-TAP), Richelieu Hardware Ltd (TSX-RCH, OTC-RHUHF), Savaria Corporation (TSX-SIS, OTC-SISXF) and Stingray Digital Group Inc (TSX-RAY.A). K-Bro Linen Inc (TSX-KBL, OTC-KBRLF) was added to this list.

I follow 13 Consumer Staples stocks. One stock (7%) is showing as cheap by the historically high dividend yield. It is Maple Leaf Foods Inc (TSX-MFI, OTC-MLFNF. There is no change from last month.

Ten stocks (77%) are showing cheap by historical median dividend yield. These are Alimentation Couche-Tard (TSX-ATD.B, OTC-ANCUF), Andrew Peller Ltd (TSX-ADW.A, OTC-ADWPF), Empire Company Ltd (TSX-EMP.A, OTC-EMLAF), KP Tissue Inc (TSX-KPT, NYSE-KPTSF), Lassonde Industries (TSX-LAS.A, OTC-LSDAF), Loblaw Companies (TSX-L, OTC-LBLCF), Maple Leaf Foods Inc (TSX-MFI, OTC-MLFNF), Metro Inc (TSX-MRU, OTC-MTRAF), Saputo Inc. (TSX-SAP, OTC-SAPIF), and Waterloo Brewing Ltd (TSX-WBR, OTC-BIBLF).

North West Company (TSX-NWC, OTC-NWTUF) has been deleted from this list. Loblaw Companies (TSX-L, OTC-LBLCF) has been added to this list.

I follow Six Health Care stocks. Two of these stocks (33%) are showing as cheap by the historically high dividend yield. They are Medtronic PCL (NYSE-MDT), Neighbourly Pharmacy Inc (TSX-NBLY, OTC-none). There is no change from last month.

Six stocks (100%) are cheap by the historical median dividend yield. The stocks are Chartwell Retirement Residences (TSX-CSH.UN, NYSE-CWSRF), HLS Therapeutics Inc (TSX-HLS, OTC-HLTRF), Johnson and Johnson (NYSE-JNJ), Medtronic Inc. (NYSE-MDT), Neighbourly Pharmacy Inc (TSX-NBLY, OTC-none), and Sienna Senior Living Inc (TSX-SIA, OTC-LWSCF). There is no change from last month.

I follow 9 Energy stocks. No stock (0%) is showing as cheap by the historical high dividend yield. There is no change from last month.

There are Five stocks (56%) showing as cheap by historical median dividend yield. They are Canadian Natural Resources (TSX-CNQ, NYSE-CNQ), Cenovus Energy Inc (TSX-CVE, NYSE-CVE), Mullen Group (TSX-MTL, OTC-MLLGF), Ovintiv Inc (TSX-OVV, OTC-OVV), and Suncor Energy (TSX-SU, NYSE-SU). Ovintiv Inc (TSX-OVV, OTC-OVV) has been added to this list.

I follow 26 Financial stocks under the categories of Banks (8), Financial Services (13), and Insurance (5).

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.

Seven stocks (88%) are showing as cheap by historical median dividend yield. They are Bank of Nova Scotia (TSX-BNS, NYSE-BNS), Barclays PLC (LSE-BARC, NYSE-BCS), Canadian Imperial Bank of Commerce (TSX-CM, NYSE-CM), Home Capital Group (TSX-HCG, OTC-HMCBF), National Bank of Canada (TSX-NA, OTC-NTIOF), Royal Bank of Canada (TSX-RY, NYSE-RY), and Toronto Dominion Bank (TSX-TD, NYSE-TD). Bank of Montreal (TSX-BMO, NYSE-BMO) 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.

Nine stocks (64%) are showing as cheap by the historical median dividend yield. These stocks are Accord Financial Corp (TSX-ACD, OTC-ACCFF), AGF Management Ltd (TSX-AGF.B, OTC-AGFMF), Alaris Equity Partners Income Trust (TSX-AD.UN, OTC-ALARF), Atrium Mortgage Investment Corp (TSX-AI, OTC-AMIVF), CI Financial (TSX-CIX, NYSE-CIXX), EQB Inc (TSX-EQB, OTC-EQGPF), Goeasy Ltd (TSX-GSY, OTC-EHMEF), IGM Financial (TSX-IGM, OTC-IGIFF), and Power Corp (TSX-POW, OTC-PWCDF). There is no change from last month.

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.

Four stocks (80%) 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), Sun Life Financial (TSX-SLF, NYSE-SLF). There is no change from last month.

I follow 32 Industrial stocks. Because I have so many and Industrial is not very descriptive, I have divided my Industrial stocks into 4 separate categories under Industrial. They are Construction (7), Industrial (3), Manufacturing (5) and (Business) Services (17).

I have 7 Construction stocks. One stock (14%) is showing as cheap by the historically high dividend yield. It is Aecon Group Inc (TSX-ARE, OTC-AEGXF). There is no change from last month.

Two stock (29%) are showing as cheap by historical median dividend yield. They are Aecon Group Inc (TSX-ARE, OTC-AEGXF) and Bird Construction Inc (TSX-BDT, OTC-BIRDF). There is no change from last month.

I have 3 stocks 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.

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 5 Manufacturing stocks. None of these 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 Exco Technologies Ltd. (TSX-XTC, OTC-EXCOF). There is no change from last month.

I follow 17 Services stocks. One of these stocks (6.25%) is showing as cheap by the historically high dividend yield. It is Titanium Transportation Group Inc (TSX-TTR, OTC-TTTGF). There is no change from last month.

Eight stock (44%) are showing as cheap by historical median dividend yield. They are Algoma Central Corporation (TSX-ALC, OTC-AGMJF), Canadian National Railway (TSX-CNR, NYSE-CNI), GFL Environmental Inc (TSX-GFL, NYSE -GFL), Parkland Fuel Corp (TSX-PKI, OTC-PKIUF), Pulse Seismic Inc. (TSX-PSD, OTC-PLSDF), Titanium Transportation Group Inc (TSX-TTR, OTC-TTTGF), Transcontinental Inc (TSX-TCL.A, OTC-TCLAF), and Wajax Corp (TSX-WJX, OTC-WJXFF). There is no change from last month.

I follow 9 Material stocks. No stock (0%) is showing as cheap by the historically high dividend yield. There is no change from last month.

Three stock (33%) 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), 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.

Four stocks (40%) are showing as cheap by historical median dividend yield. They are Allied Properties REIT (TSX-AP.UN, OTC-APYRF), First Capital REIT (TSX-FCR.UN, OTC-FCXXF), Melcor Developments Inc. (TSX-MRD, OTC-MODVF), and SmartCentres REIT (TSX-SRU.UN, OTC-CWYUF). Choice Properties REIT (TSX-CHP.UN, OTC-PPRQF), and Granite REIT (TSX-GRT.UN, NYSE-GRP.U) have been deleted from this list.

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 10 Tech stocks. One stocks (10%) is showing as cheap by historical high dividend yield. It is Sylogist Ltd (TSXV-SYZ, OTC-SYZLF). There is no change from last month.

Five stock (50%) are showing cheap by historical median dividend yield. They are Computer Modelling Group Ltd (TSX-CMG, OTC-CMDXF), Enghouse Systems Limited (TSX-ENGH, OTC-EGHSF), Evertz Technologies (TSX-ET, OTC-EVTZF), Quarterhaill Inc (TSX-QTRH, OTC-QTRHF) and Sylogist Ltd (TSXV-SYZ, OTC-SYZLF). There is no change from last month.

I follow 7 of the Infrastructure Type utility companies. None of the stocks (0%) are showing as cheap by historical high dividend yield. There is no change from last month.

Three stocks (43%) are showing cheap by historical median dividend yield. They are Enbridge Inc. (TSX-ENB, NYSE-ENB), Keyera Corp (TSX-KEY, OTC-KEYUF), and TC Energy Corp (TSX-TRP, NYSE-TRP). There is no change from last month.

I follow 9 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.

Five stocks (56%) are showing as cheap by historical median dividend yield. Those stocks are Algonquin Power & Utilities Corp (TSX-AQN, NYSE-AQN), ATCO Ltd (TSX-ACO.X, OTC-ACLLF), Canadian Utilities Ltd (TSX-CU, OTC-CDUAF), Emera Inc (TSX-EMA, OTC-EMRAF), and Fortis Inc (TSX-FTS, OTC-FRTSF). Emera Inc (TSX-EMA, OTC-EMRAF) has been added to this list.

On my other blog I wrote yesterday about Cenovus Energy Inc (TSX-CVE, NYSE-CVE) ... learn more. Next, I will write about Johnson and Johnson (NYSE-JNJ) ... learn more on Friday, November 4, 2022 around 5 pm.

This blog is meant for educational purposes only and is not to provide investment advice. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.

See my site for an index to these blog entries and for stocks followed. I have three blogs. The first talks only about specific stocks and is called Investment Talk . The second one contains information on mostly investing and is called Investing Economics Mostly. My last blog is for my book reviews and it is called Non-Fiction Mostly. Follow me on Twitter. I am on Instagram. Or you can just Google #walktoronto spbrunner8166 to see my pictures.

Tuesday, November 1, 2022

Dividend Stocks November 2022

First, I want to point out that not all 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 several 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 November 2022. Note: I am no longer looking at Historical average dividend yields.

On this list,
  • I have 9 stocks with a dividend yield higher than the historical high dividend yield,
  • I have 90 stocks with a dividend yield higher than the historical median dividend yield and
  • 87 stocks with a dividend yield higher than the 10 year average dividend yield.
When I did my list last list in October 2022,
  • I have 9 stocks with a dividend yield higher than the historical high dividend yield,
  • I have 91 stocks with a dividend yield higher than the historical median dividend yield and
  • 95 stocks with a dividend yield higher than the 10 year average dividend yield.
When I did my list in January 2014,
  • I had 9 stocks with a dividend yield higher than the historical high dividend yield,
  • I had 45 stocks with a dividend yield higher than the historical average dividend yield and
  • 39 stocks with a dividend yield higher than the 5 year median dividend yield.
If you had one share of each stock, total dividends last month would be $192.22. This month dividends would be $192.84. It can vary as because some stocks are paid in US$ and so this figure is affected by currency exchange. Of the stock that I follow 3 stocks has raised their dividends since last month. If I did an index based on stock price, the index for last month would be 627.43 and this month 655.29.

Emera Inc (TSX- MA, OTC-EMRAF)
Goodfellow Inc (TSX-GDL, OTC-GFELF)
TFI International Inc (TSX-TFII, OTC-TFIFF)

Of the stocks I follow, 0 stock has 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
Just Energy Group Inc TSX WBR OTC BIBLF -47.73%
Premium Brands TSX DII.B OTC DIIBF -16.64%
Innergex Renewable TSX ESI OTC ESVIF -12.64%
Andrew Peller Ltd TSX HLS OTC HLTRF -11.76%
Chartwell Retirement TSX BBD.B OTC BDRBF -10.98%
Stingray Digital Group TSX MCB OTC MCCRF -10.65%
Ballard Power Systems TSXV SYZ OTC SYZLF -10.17%
Exco Technologies Ltd TSX HR.UN OTC HRUFF -9.87%
Chesswood Group LSE BARC NYSE BCS -8.57%
Emera Inc TSX TCW OTC TOLWF -7.84%

Of the stock that I follow, these stocks gained the most in their stock price.

Name Exch Sym Exch Sym Chge SP
Reitmans (Canada) Ltd TSX RET.A OTC RTMAF 20.51%
Obsidian Energy Ltd TSX OBE NYSE OBE 20.95%
Crescent Point Energy TSX CPG NYSE CPG 21.88%
Hammond Power Sol. TSX HPS.A OTC HMDPF 22.67%
Waterloo Brewing Ltd TSX WBR OTC BIBLF 23.03%
Trican Well Service Ltd TSX TCW OTC TOLWF 24.39%
Canadian Natural TSX CNQ NYSE CNQ 26.55%
Cenovus Energy Inc TSX CVE NYSE CVE 28.18%
Ensign Energy Services TSX ESI OTC ESVIF 45.58%
Bombardier Inc. TSX BBD.B OTC BDRBF 57.91%

Most of my stocks started out as Dividend Payers. Currently 12 stocks are not paying any dividends and this would be some 7.79% of the stocks that I follow. Three of these stocks never had dividends, so 5.84% 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 Keyera Corp (TSX-KEY, OTC-KEYUF) ... learn more. Next, I will write about Cenovus Energy Inc (TSX-CVE, NYSE-CVE) ... learn more on Wednesday, November 2, 2022 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 27, 2022

Timothy Snyder - Substack

Another Substack writer I am reading is Timothy Snyder. In this blog entry Timothy Snyder talks about Russia's Crimea Disconnect.

I want to take some time and write about writers on Substack. All the ones I read are on Substack have referenced by others on Substack. However, you can go on Substack and signup to read authors by category.

I started to read Substack authors after I saw an interview that included Bari Weiss and she talked about Substack. I looked at what Bari Weiss had to say on Substack first. She has various people write in her Substack and for ones I liked, I signed up for their Substack newsletters.

On my other blog I wrote yesterday about Ovintiv Inc (TSX-OVV, NYSE-OVV) ... learn more. Next, I will write about Dollarama Inc (TSX-DOL, OTC-DLMAF) ... learn more on Friday, October 29, 2022 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 25, 2022

Toxic Brew for Pension Funds

Ed D’Agostino of Mauldin Economics interviews Ben Hunt of Epsilon Theory on YouTube. This is an extremely interesting interview and Ben Hunt talks about the current problems in the UK and how they might apply to the US and the rest of the world.

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 Wednesday, October 26, 2022 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 20, 2022

5 Ways Your Mind Sabotages Your Spending

There is an interesting article from Well and Good about spending called 5 Sneaky Ways Your Mind Sabotages Your Spending (and Keeps You in Debt) by Annita Katee.

On my other blog I wrote yesterday about Molson Coors Canada (TSX-TPX.B, NYSE-TAP) ... learn more. Next, I will write about Brookfield Asset Management Inc (TSX-BAM.A, NYSE-BAM) ... learn more on Friday, October 21, 2022 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 18, 2022

Tontines

An article on Money Sense discusses this topic. It should be read by people when retirement planning.

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 Wednesday, October 19, 2022 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.