Tuesday, June 28, 2022

Smith Manoeuvre

This article on Money Sense talks about the Smith Manoeuvre. It is an interesting way to have a home and invest in the market at the same time. It also allows you to get a tax credit for the interest you pay.

On my other blog I wrote yesterday about Computer Modelling Group Ltd (TSX-CMG, OTC-CMDXF) ... learn more. Next, I will write about Parkland Fuel Corp (TSX-PKI, OTC-PKIUF) ... learn more on Wednesday, June 29, 2020 around 5 pm.

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

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

Thursday, June 23, 2022

Debt Collectors

On Money Sense there is a long article about Debt Collectors.

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, NYSE-CIXX) ... learn more on Friday, June 24, 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, June 21, 2022

Andrew Peller

An article on Advice for Investors thinks that this company is now a buy. The company does expect a significant recovery this year.

On my other blog I wrote yesterday about Waste Connections Inc (TSX-WCN, NYSE-WCN) ... learn more. Next, I will write about Intertape Polymer Group Inc (TSX-ITP, OTC-ITPOF) ... learn more on Wednesday, June 22, 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, June 16, 2022

Emergency Fund

This article on Money Sense is interesting about having an emergency fund. I admit I have one. It is worth twice what they recommend, but also, I saved for it over a number of years. I was lucky because I never had to use it until after I stopped working and I had a very large dental bill.

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 Friday, June 17, 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, June 14, 2022

Which Books Should Investors Read

This is an interesting article on Behavioral Investment by Joe Wiggins. The full title is Which Books Should Investors Interested in Behaviour Read. It has a great list of books to read.

On my other blog I wrote yesterday about Algonquin Power & Utilities Corp (TSX-AQN, NTSE-AQN) ... learn more. Next, I will write about Goeasy Ltd (TSX-GSY, OTC-EHMEF) ... learn more on Wednesday, June 15, 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, June 9, 2022

Something to Buy June 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 June 2022 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 21 stocks in the Consumer Discretionary category. Two of these stocks (10%) are showing as cheap by the historically high dividend yield. They are Alcanna Inc (TSX-CLIQ, OTC-LQSIF) and Keg Royalties Income Fund, (TSX-KEG.UN, OTC-KRIUF). This both have been added to this list.

Twelve (71%) 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), Goeasy Ltd (TSX-GSY, OTC-EHMEF), Goodfellow Inc (TSX-GDL, OTC-GFELF), High Liner Foods (TSX-HLF, OTC-HLNFF), 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) has been added to this list.

I follow 13 Consumer Staples stocks. One stock (8%) is showing as cheap by the historically high dividend yield. It is Saputo Inc. (TSX-SAP, OTC-SAPIF). This stock was added this month.

Nine stocks (69%) are showing cheap by historical median dividend yield. These are Alimentation Couche-Tard (TSX-ATD.B, OTC-ANCUF), OTC-EMLAF), 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). Empire Company Ltd (TSX-EMP.A, OTC-EMLAF) and Loblaw Companies (TSX-L, OTC-LBLCF) has been added to this list and Andrew Peller Ltd (TSX-ADW.A, OTC-ADWPF) has been removed from this list.

I follow Six Health Care stocks. None of these stocks (0%) is showing as cheap by the historically high dividend yield. Neighbourly Pharmacy Inc (TSX-NBLY, OTC-none) has been removed from this list.

Five stocks (83%) are cheap by the historical median dividend yield. The stocks are HLS Therapeutics Inc (TSX-HLS, OTC-HLTRF), Johnson and Johnson (NYSE-JNJ), Medtronic Inc. (NYSE-MDT), 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 three stocks (33%) showing as cheap by historical median dividend yield. They are Canadian Natural Resources (TSX-CNQ, NYSE-CNQ), Mullen Group (TSX-MTL, OTC-MLLGF) and Suncor Energy (TSX-SU, NYSE-SU). Cenovus Energy Inc (TSX-CVE, NYSE-CVE) has been deleted from 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. Canadian Imperial Bank of Commerce (TSX-CM, NYSE-CM) has split its shares on a 2 for 1 basis.

Five stocks (63%) 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), and Toronto Dominion Bank (TSX-TD, NYSE-TD). Canadian Imperial Bank of Commerce (TSX-CM, NYSE-CM) has been added to 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.

Seven stocks (54%) 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), CI Financial (TSX-CIX, NYSE-CIXX), Element Fleet Management Corp (TSX-EFN, OTC-ELEEF), Equitable Group Inc (TSX-EQB, OTC-EQGPF), IGM Financial (TSX-IGM, OTC-IGIFF), and Power Corp (TSX-POW, OTC-PWCDF). Alaris Equity Partners Income Trust (TSX-AD.UN, OTC-ALARF) has been removed from 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 33 Industrial stocks. Because I have so many and Industrial is not very descriptive, I have divided my Industrial stocks into 4 separate categories under Industrial. They are Construction, Industrial, Manufacturing and (Business) Services.

I have 7 Construction stocks. One stock (14%) is showing as cheap by the historically high dividend yield. 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 Badger Infrastructure Solutions Ltd (TSX-BDGI, OTC-BADFF). 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.

One stock (33%) is showing as cheap by historical median dividend yield. It is Finning International Inc. (TSX-FTT, OTC-FINGF). There is no change from last month.

I have 6 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.

Five stock (27%) 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), Pulse Seismic Inc. (TSX-PSD, OTC-PLSDF), Titanium Transportation Group Inc (TSX-TTR, OTC-TTTGF), and Transcontinental Inc (TSX-TCL.A, OTC-TCLAF). Parkland Fuel Corp (TSX-PKI, OTC-PKIUF), and Wajax Corp (TSX-WJX, OTC-WJXFF) have been removed from 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.

Two stock (22%) are showing as cheap by historical median dividend yield. The stocks are Barrick Gold Corp (TSX-ABX, NYSE-ABX), 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.

One stocks (10%) are showing as cheap by historical median dividend yield. It is Melcor Developments Inc. (TSX-MRD, OTC-MODVF). 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).

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

Four stock (40%) 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), 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.

Two stocks (29%) are showing cheap by historical median dividend yield. They are Enbridge Inc. (TSX-ENB, NYSE-ENB), and TC Energy Corp (TSX-TRP, NYSE-TRP). Keyera Corp (TSX-KEY, OTC-KEYUF) has been deleted from this list.

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.

Three stocks (33%) 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), and Canadian Utilities Ltd (TSX-CU, OTC-CDUAF). Canadian Utilities Ltd (TSX-CU, OTC-CDUAF) has been added to this list.

The last stock I wrote about was about was Ensign Energy Services (TSX-ESI, OTC-ESVIF) ... learn more. The next stock I will write about will be Maxar Technologies Ltd (TSX-MAXR, NYSE-MAXR) ... learn more on Thursday, June 10, 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, June 7, 2022

Dividend Stocks June 2022

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 2022. Note: I am no longer looking at Historical average dividend yields.

On this list,
  • I have 6 stocks with a dividend yield higher than the historical high dividend yield,
  • I have 70 stocks with a dividend yield higher than the historical median dividend yield and
  • 71 stocks with a dividend yield higher than the 10 year average dividend yield.
When I did my list last list in May 2022,
  • I have 5 stocks with a dividend yield higher than the historical high dividend yield,
  • I have 71 stocks with a dividend yield higher than the historical median dividend yield and
  • 71 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 $191.73. This month dividends would be $191.36. It can vary as because some stocks are paid in US$ and so this figure is affected by currency exchange. Of the stock that I follow 21 stocks has raised their dividends since last month.

Algonquin Power & Utilities Corp (TSX-AQN, NYSE-AQN)
ARC Resources Ltd (TSX-ARX, OTC-AETUF)
Bank of Montreal (TSX-BMO, NYSE-BMO)
Bank of Nova Scotia (TSX-BNS, NYSE-BNS)
Canadian Imperial Bank of Commerce (TSX-CM, NYSE-CM)

Canadian Tire Corp (TSX-CTC.A, OTC-CDNAF)
Crescent Point Energy Corp (TSX-CPG, NYSE-CPG)
Equitable Group Inc (TSX-EQB, OTC-EQGPF)
Exchange Income Corp (TSX-EIF, OTC-EIFZF)
Finning International Inc (TSX-FTT, OTC-FINGF)

H & R REIT (TSX-HR.UN, OTC-HRUFF)
Hammond Power Solutions Inc (TSX-HPS.A, OTC-HMDPF)
Loblaw Companies (TSX-L, OTC-LBLCF)
Medtronic PCL (NYSE-MDT)
Mullen Group (TSX-MTL, OTC, MLLGF)

National Bank of Canada (TSX-NA-OTC-NTIOF)
Ovintiv Inc (TSX-OVV, OTC-OVV)
Royal Bank of Canada (TSX-RY, NYSE-RY)
Sun Life Financial (TSX-SLF, NYSE-SLF)
Suncor Energy Inc (TSX-SU, NYSE-SU)

Telus Corp (TSX-T, NYSE-TU)

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

Lassonde Industries (TSX-LAS.A, OTC-LSDAF)

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

Canadian Imperial Bank of Commerce (TSX-CM, NYSE-CM) announces increase in dividends and 2 for 1 split in stock in a Press Release.

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 JE NYSE JE -79.20%
Trigon Metals Inc. TSXV TM OTC PNTZF -29.51%
Dorel Industries TSX DII.B OTC DIIBF -15.28%
Leon's Furniture TSX LNF OTC LEFUF -14.34%
SNC-Lavalin TSX SNC OTC SNCAF -14.04%
Ballard Power Systems TSX BLDP NASDAQ BLDP -13.78%
Ag Growth Internat. TSX AFN OTC AGGZF -13.47%
BRP Inc TSX DOO NASDAQ DOOO -13.38%
Lassonde Industries TSX LAS.A OTC LSDAF -11.97%
WildBrain Ltd TSX WILD OTC WLDBF -11.74%

Of the stock that I follow, these stocks gained the most in their stock price. Of the 156 stock I follow, 27 of them had their stock price increased.

Name Exch Sym Exch Sym Chge SP
Exchange Income Corp TSX EIF OTC EIFZF 13.10%
Ensign Energy Services TSX ESI OTC ESVIF 15.23%
Absolute Software TSX ABST NASDAQ ABST 20.00%
Element Fleet Mgemt TSX EFN OTC ELEEF 20.31%
Wajax Corp TSX WJX OTC WJXFF 22.16%
Cenovus Energy Inc TSX CVE NYSE CVE 27.28%
TECSYS Inc TSX TCS OTC TCYSF 28.70%
Hammond Power Solutions Inc TSX HPS.A OTC HMDPF 33.65%
Crescent Point Energy TSX CPG NYSE CPG 35.73%
Obsidian Energy Ltd TSX OBE OTC OBELF 37.50%

Most of my stocks started out as Dividend Payers. Currently 13 stocks are not paying any dividends and this would be some 8.33% of the stocks that I follow. Three of these stocks never had dividends, so 6.41% 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 Hardwoods Distribution Inc (TSX-HDI, OTC-HDIUF) ... learn more. The next stock I will write about will be Ensign Energy Services (TSX-ESI, OTC-ESVIF) ... learn more on Wednesday, June 8, 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, June 2, 2022

John Mauldin

You might find this newsletter from John Mauldin interesting. It has views from a China panel of Emily de La Bruyere, Bill Bishop, and Louis Gave, Barron’s money manager roundtable participant Felix Zulauf, Fund Manager Howard Marks and Fund Manager Cathie Wood. It gives you a good view of what is happening economically at the present time.

On my other blog I wrote yesterday about Ritchie Bros Auctioneers Inc (TSX-RBA, NYSE-RBA) ... learn more. Next, I will write about IA Financial Corp (TSX-IAG, OTC-IDLLF) ... learn more on Friday, June 3, 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, May 31, 2022

Matt Levine

Matt Levine started off a recent newsletter with:

A common enough structural feature in financial markets is:
  1. There is a thing.
  2. Smart wealthy well-connected insiders discover the thing and buy it.
  3. The price goes up.
  4. Normal retail investors discover the thing and buy it.
  5. Then the price goes down.
I don’t think that this is the general mechanism of financial markets or anything — I don’t think that, like, “the smart money” is off buying one asset class while the rubes are buying something else — but it is definitely a mechanism. The full blog entry is here. It is from May 20, 2022.

This is why I do not buy the next big thing as it seems to be, that all the stuff that is the next big thing that when I hear about it, it is always expensive.

I his blog by an email. You can sign up for his newsletter called Money Stuff here . Matt Levine writes for Bloomberg. His twitter is @matt_levine.

On my other blog I wrote yesterday about Reitmans (Canada) Ltd (TSX-RET.A, OTC-RTMAF) ... learn more. Next, I will write about Ritchie Bros Auctioneers Inc (TSX-RBA, NYSE-RBA) ... learn more on Wednesday, June 1, 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, May 26, 2022

Manulife Financial

An article in the Investment Reporter showing on Advice for Investors talks about why they like Manulife Financial. This is also one of the stocks I follow and own.

On my other blog I wrote yesterday about Pizza Pizza Royalty Corp (TSX-PZA, OTC-PZRIF) ... learn more. Next, I will write about HLS Therapeutics Inc (TSX-HLS, OTC-HLTRF) ... learn more on Friday, May 27, 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, May 24, 2022

Retiring and Investing

I stopped working and have been living off of my portfolio since 99. Once you change from growing your portfolio and using it to living off of, your growth rate slows a lot. I had read a lot of portfolio withdrawal and most people talk about earning 8% (capital gains increase and Income (i.e., dividends etc.) and withdrawing 4% per year. I started off withdrawing 4%, but then I got hit with the 2000 bear market and tried to take out less, and then got hit with the 2008 bear market and decided the way to go was to only take out what I earned in dividends.

I never went, in the past for high dividend yield and my yield was around 2%, so I increased my yield to around 3% to 3.5% (with portfolio changes) and decreased my spending over a number of years and now just withdraw my dividends for spending. Note that there is a tradeoff between yield and growth. The higher the yield, the lower the growth and vice versa.

Changes to my portfolio since retiring was to get out of US and other foreign stock and get into mainly Canadian Dividend Growth stock. I also got into some income trust and REITs. As everyone now know all Canadian income trust companies had to change to corporation by January 1, 2011.

My trading account and my RSP accounts contain mainly Canadian Dividend Growth stocks. My TFSA is my fooling around money. I have not done very well with my TFSA lately.

I do not have figures from 99, but I do have them for the last 5 and 10 years. Since I take money out of my portfolio each month and each month's withdrawal are almost the same, I am assuming I take money out each year in June. My 5 year IRR is 10.60% per year and my 10 year IRR is 11.69%. My portfolio growth, just looking at the difference between 5 and 10 years ago, the 5 year IRR is 8.02% and the 10 year IRR is 8.68%.

On my other blog I wrote yesterday about Canadian Utilities Ltd (TSX-CU, OTC-CDUAF) ... learn more. Next, I will write about Pizza Pizza Royalty Corp (TSX-PZA, OTC-PZRIF) ... learn more on Wednesday, May 25, 2022 around 5 p.

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, May 19, 2022

DIY Investors

This article on Money Sense talks about starting DIY (Do it Yourself) investing.

I have been doing this for quite a number of years. I tried reading books to start me off investing, but it did not work, so I really learned by doing. You can start a trading account. I use a non-margin one from TD Waterhouse (i.e., a Cash Account). An easy way to start is looking for stocks to buy is on Money Sense’s article about 100 Top Canadian Dividend Stocks. See analyst consensus at Market Screener. See what analysts are saying about the stock at Stock Chase. See articles on stocks at Yahoo Finance.

On my other blog I wrote yesterday about Hammond Power Solutions Inc (TSX-HPS.A, OTC-HMDPF) ... learn more. Next, I will write about Mullen Group Ltd (TSX-MTL, OTC-MLLGF) ... learn more on Friday, May 20, 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, May 17, 2022

A Future Worth Getting Excited About

This is a Ted Talk with Elon Musk about a future worth getting excited about. I do like Elon Musk. He is always interesting.

On my other blog I wrote yesterday about Ag Growth International (TSX-AFN, OTC-AGGZF) ... learn more. Next, I will write about Hammond Power Solutions Inc (TSX-HPS.A, OTC-HMDPF) ... learn more on Wednesday, May 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.

Friday, May 13, 2022

Payday Loans and Alternatives

Here is an interesting article on Money Sense about how Payday Loans work and some alternatives that groups have come up with to help people get lower cost loans.

Personally, I would never get a payday loan. I have a budget. I use a budget to ensure that I am spending my money on what I want to spend my money on. I first list all the stuff I have to pay for. I then list what else I want to spend my money on and decide on their priority. I always pay my credit card off every month and I use my credit card to purchase just about everything. If I need extra money, I have a line of credit set up and I can get money from that.

On my other blog I wrote yesterday about McCoy Global Inc (TSX-MCB, OTC-MCCRF) ... learn more. Next, I will write about Power Corp of Canada (TSX-POW, OTC-PWCDF) ... learn more on Friday, May 13, 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, May 10, 2022

Stocks for May

Dan Kent of Stock Trades Canada has come up with a list of 10 best stocks to buy in May. Read his article to find out why. Stocks are:

Royal Bank of Canada (TSE:RY)
Nuvei (TSE:NVEI)
Canadian Natural Resources (TSE:CNQ)
Algonquin Power and Utilities (TSE:AQN)
Goeasy Ltd (TSE:GSY)

Parkland Fuels (TSE:PKI)
TFI International (TSE:TFII)
Telus (TSE:T)
Shopify (TSE:SHOP)
Pollard Banknote (TSE:PBL)

On my other blog I wrote yesterday about Thomson Reuters Corp (TSX-TRI, NYSE-TRI) ... learn more. Next, I will write about McCoy Global Inc (TSX-MCB, OTC-MCCRF) ... learn more on Wednesday, May 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.

Thursday, May 5, 2022

Something to Buy May 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 May 2022 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 21 stocks in the Consumer Discretionary category. Alcanna Inc (TSX-CLIQ, OTC-LQSIF) has been removed from my list due to a buyout. None of these stocks (0%) are showing as cheap by the historically high dividend yield. There is no change from last month.

Eleven (53%) of Consumer Discretionary are showing cheap by historical median dividend yield. They are Canadian Tire Corp (TSX-CTC.A, OTC-CDNAF), Goeasy Ltd (TSX-GSY, OTC-EHMEF), Goodfellow Inc (TSX-GDL, OTC-GFELF), High Liner Foods (TSX-HLF, OTC-HLNFF), 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). Keg Royalties Income Fund, (TSX-KEG.UN, OTC-KRIUF) has been added back to this list.

I follow 13 Consumer Staples stocks. No stock (0%) is showing as cheap by the historically high dividend yield. There is no change from last month.

Eight stocks (62%) are showing cheap by historical median dividend yield. These are Alimentation Couche-Tard (TSX-ATD.B, OTC-ANCUF), OTC-EMLAF), Andrew Peller Ltd (TSX-ADW.A, OTC-ADWPF), KP Tissue Inc (TSX-KPT, NYSE-KPTSF), Lassonde Industries (TSX-LAS.A, OTC-LSDAF), 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). Loblaw Companies (TSX-L, OTC-LBLCF) has been removed from this list and Andrew Peller Ltd (TSX-ADW.A, OTC-ADWPF) has been added to this list.

I follow Six Health Care stocks. One of these stocks (17%) is showing as cheap by the historically high dividend yield. It is Neighbourly Pharmacy Inc (TSX-NBLY, OTC-none). Neighbourly Pharmacy Inc (TSX-NBLY, OTC-none) has been added to this list.

Five stocks (83%) are cheap by the historical median dividend yield. The stocks are HLS Therapeutics Inc (TSX-HLS, OTC-HLTRF), Johnson and Johnson (NYSE-JNJ), Medtronic Inc. (NYSE-MDT), Neighbourly Pharmacy Inc (TSX-NBLY, OTC-none), and Sienna Senior Living Inc (TSX-SIA, OTC-LWSCF). Sienna Senior Living Inc (TSX-SIA, OTC-LWSCF) has been added to this list.

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 four stocks (44%) 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) and Suncor Energy (TSX-SU, NYSE-SU). Cenovus Energy Inc (TSX-CVE, NYSE-CVE) 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.

Four stocks (50%) 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), Home Capital Group (TSX-HCG, OTC-HMCBF), and Toronto Dominion Bank (TSX-TD, NYSE-TD). There is no change from last month.

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.

Eight stocks (62%) are showing as cheap by the historical median dividend yield. These stocks are Accord Financial Corp (TSX-ACD, OTC-ACCFF), AGF Management Ltd (TSX-AGF.B, OTC-AGFMF), Alaris Equity Partners Income Trust (TSX-AD.UN, OTC-ALARF), CI Financial (TSX-CIX, NYSE-CIXX ), Element Fleet Management Corp (TSX-EFN, OTC-ELEEF), Equitable Group Inc (TSX-EQB, OTC-EQGPF), IGM Financial (TSX-IGM, OTC-IGIFF), and Power Corp (TSX-POW, OTC-PWCDF). Alaris Equity Partners Income Trust (TSX-AD.UN, OTC-ALARF), and CI Financial (TSX-CIX, NYSE-CIXX ) have 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 33 Industrial stocks. Because I have so many and Industrial is not very descriptive, I have divided my Industrial stocks into 4 separate categories under Industrial. They are Construction, Industrial, Manufacturing and (Business) Services.

I have 7 Construction stocks. One stock (14%) is showing as cheap by the historically high dividend yield. 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 Badger Infrastructure Solutions Ltd (TSX-BDGI, OTC-BADFF). 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.

One stock (33%) is showing as cheap by historical median dividend yield. It is Finning International Inc. (TSX-FTT, OTC-FINGF). There is no change from last month.

I have 6 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.

Seven stock (41%) 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), 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.

Two stock (22%) are showing as cheap by historical median dividend yield. The stocks are Barrick Gold Corp (TSX-ABX, NYSE-ABX), 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.

One stocks (10%) are showing as cheap by historical median dividend yield. It is Melcor Developments Inc. (TSX-MRD, OTC-MODVF). 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). Telus Corp (TSX-T, NYSE-TU) has been added to this list.

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

Four stock (40%) 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), 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 (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). 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.

Two stocks (22%) are showing as cheap by historical median dividend yield. Those stocks are ATCO Ltd (TSX-ACO.X, OTC-ACLLF), and Canadian Utilities Ltd (TSX-CU, OTC-CDUAF). There is no change from last month.

On my other blog I wrote yesterday about Algoma Central Corporation) ... learn more. Next, I will write about WSP Global Inc (TSX-WSP, OTC-WSPOF) ... learn more on Friday, May 6, 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, May 3, 2022

Dividend Stocks May 2022

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 May 2022. Note: I am no longer looking at Historical average dividend yields.

On this list,
  • I have 5 stocks with a dividend yield higher than the historical high dividend yield,
  • I have 71 stocks with a dividend yield higher than the historical median dividend yield and
  • 71 stocks with a dividend yield higher than the 10 year average dividend yield.
When I did my list last list in April 2022,
  • I have 3 stocks with a dividend yield higher than the historical high dividend yield,
  • I have 63 stocks with a dividend yield higher than the historical median dividend yield and
  • 65 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 $190.65. This month dividends would be $191.73. It can vary as because some stocks are paid in US$ and so this figure is affected by currency exchange. Of the stock that I follow 3 stocks has raised their dividends since last month.

Cenovus Energy Inc (TSX-CVE, NYSE-CVE)
Johnson and Johnson (NYSE-JNJ)
Methanex Corp (TSX-MX, NASDAQ-MEOH)

Of the stocks I follow, 0 stock has cut their dividends.

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

Alcanna Inc (TSX-CLIQ, OTC-LQSIF), a stock I have been following, has been bought by Sundial Growers Inc. See the Press Release.

Of the stocks I follow, the following declined the most in their stock price.

Name Exch Sym Exch Sym Chge SP
Ballard Power Systems TSX BLDP NASDAQ BLDP -26.16%
Trigon Metals Inc. TSXV TM OTC PNTZF -23.75%
Equitable Group Inc TSX EQB OTC EQGPF -20.01%
TECSYS Inc TSX TCS OTC TCYSF -19.02%
IBI Group Inc TSX IBG OTC IBIBF -18.71%
TFI International Inc TSX TFII OTC TFIFF -17.72%
Goeasy Ltd TSX GSY OTC EHMEF -17.60%
Richelieu Hardware Ltd TSX RCH OTC RHUHF -17.17%
WildBrain Ltd TSX WILD OTC WLDBF -15.62%
Home Capital Group TSX HCG OTC HMCBF -15.60%

Of the stock that I follow, these stocks gained the most in their stock price. Of the 156 stock I follow, 27 of them had their stock price increased.

Name Exch Sym Exch Sym Chge SP
Molson Coors Canada TSX TPX.B NYSE TAP 5.68%
Loblaw Companies TSX L OTC LBLCF 5.98%
Russel Metals TSX RUS OTC RUSMF 6.07%
TransAlta Corp TSX TA NYSE TAC 6.08%
ATCO Ltd TSX ACO.X OTC ACLLF 6.27%
Johnson and Johnson NYSE JNJ 6.48%
Ensign Energy Services TSX ESI OTC ESVIF 10.90%
Cenovus Energy Inc TSX CVE NYSE CVE 12.08%
Suncor Energy Inc TSX SU NYSE SU 12.58%
Trican Well Service Ltd TSX TCW OTC TOLWF 19.47%

Most of my stocks started out as Dividend Payers. Currently 13 stocks are not paying any dividends and this would be some 8.33% of the stocks that I follow. Three of these stocks never had dividends, so 6.41% 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 Fortis Inc (TSX-FTS, OTC-FRTSF) ... learn more. Next, I will write about Algoma Central Corporation) ... learn more on Wednesday, May 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 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, April 28, 2022

Sustainable Investing

You might find this article on Money Sense called "Why sustainable investing is important" interesting.

On my other blog I wrote yesterday about Barclays PLC ADR (LSE-BARC, NYSE-BCS) ... learn more. Next, I will write about SNC-Lavalin Group Inc (TSX-SNC, OTC-SNCAF) ... learn more on Friday, April 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, April 26, 2022

Investing FOMO

Investing FOMO, or Investing and Fear of Missing Out (FOMO). In this article from Money Sense, Dan Bortolotti talks about investing in ETFs. He also mentions that Warren Buffett has said he wants 90% of his estate to be invested in an S&P 500 index fund when he dies. Maybe his executors “aren’t able to do the research.”

Dan Bortolotti is also know from his well-known blog called Canadian Couch Potato.

On my other blog I wrote yesterday about Canadian Natural Resources (TSX-CNQ, NYSE-CNQ) ... learn more. Next, I will write about Barclays PLC ADR (LSE-BARC, NYSE-BCS) ... learn more on Wednesday, April 27, 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, April 21, 2022

Common Sense

In this article from Advice for Investors the author says the plodder who methodically accumulates shares in high-quality stocks over the years, almost always does better in the long run than those who aim for quick profits. This is an article from MPL Communications’ Investment Reporter.

On my other blog I wrote yesterday about Barrick Gold Corp (TSX-ABX, NYSE-GOLD) ... learn more. Next, I will write about Pembina Pipelines Corp (TSX-PPL, NYSE-PBA) ... learn more on Friday, April 22, 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, April 19, 2022

Stocks that Raise their Dividends

An article from Advice for Investors says you should seek out stocks that regularly raise their dividends. They are key Dividend Aristocrat stocks and some are mentioned in this article from MPL Communications’ Investment Reporter

On my other blog I wrote yesterday about Leon's Furniture Ltd (TSX-LNF, OTC-LEFUF) ... learn more. Next, I will write about Barrick Gold Corp (TSX-ABX, NYSE-GOLD) ... learn more on Wednesday, April 20, 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, April 14, 2022

Flexibility is an Advantage

This article on Advice for Investors talk about small investors being able to move in and out of markets without disturbing a thing. This is an advance. The article is from MPL Communications Money Letter report.

On my other blog I wrote yesterday about Toromont Industries Ltd (TSX-TIH, OTC-TMTNF) ... learn more. Next, I will write about Supremex Inc (TSX-SXP, OTC-SUMXF) ... learn more on Friday, April 15, 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, April 12, 2022

Canadian Stock Channel

I get a weekly newsletter from Canadian Stock Channel which lists what they think is the top Canadian Dividend stocks in each category they have. They had solid Canadian Dividend stocks. If you are looking for some Canadian dividend stock to buy this is a good list to look at.

To receive the weekly newsletter, go to the site above and scroll down a bit, and they have a red banner with Free Weekly Dividend Newsletter on the left side of the site. Click on the link below and you will be taken to a site where you can sign up. (You might have to click on the X, top right corner of a pop-up ad to get to the sign up page.)

On my other blog I wrote yesterday about Alaris Equity Partners Income Trust (TSX-AD, OTC-ALARF) ... learn more. Next, I will write about Toromont Industries Ltd (TSX-TIH, OTC-TMTNF) ... learn more on Wednesday, April 13, 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.