Building Your Pension Plan

I built my own pension plan. You buy good dividend growth stocks and hold on to them. These are some of the stocks I used to build my own pension plan. As my companies grew and increased their dividends, I made more in dividend income. Over time, I grew my dividend income so that I could live on my dividend income.

Under Held, is the number of years I have held these stocks. Under the St. Div column is the dividend I was getting per share when I bought the stock. The Start column shows the dividend yield I got when I bought the stock. Under Div R. column is the current dividend I am now getting per share I hold. Under the Now column, I am showing the current dividend yield and under On Orgi column I am showing what I am getting on my original investment.

No	Name	Sym	Held	St Div	Start	Div R	Now	On Orgi.
1	Bank of Montreal	BMO	39	$0.49	6.65%	$5.56	4.49%	75.44%
2	BCE	BCE	40	$0.52	5.72%	$3.68	5.82%	40.47%
3	Canadian National	CNR	17	$0.25	1.39%	$2.93	2.02%	16.25%
4	Canadian Tire Corp	CTC.A	22	$0.40	1.79%	$6.50	12.68%	29.12%
5	Enbridge Inc	ENB	17	$0.50	2.78%	$3.44	6.33%	19.15%
6	Fortis Inc	FTS	35	$0.33	7.10%	$2.14	3.52%	46.02%
7	Metro Inc	MRU	18	$0.11	1.92%	$1.10	1.59%	18.68%

On my other blog I wrote yesterday about Savaria Corporation (TSX-SIS, OTC-SISXF) ... learn more. Next, I will write about Ballard Power Systems Inc (TSX-BLDP, NASDAQ-BLDP0 ... learn more on Friday, July 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.

Investing for the Long Term

I invest for the long term. I like companies that do well over time. There is a connection between a company’s performance over the longer time and positive impact it has on staff, customers, and the community. When companies make profit over the long term, it is better for investors, but it is also better for the staff, the customers, and the community. It is short term thinking; it is investing only for the short term that promotes bad corporate behaviour. (Of course, this is not the only cause of bad corporate behaviour.)

On my other blog I wrote yesterday about TECSYS Inc (TSX-TCS, OTC-TCYSF) ... learn more. Next, I will write about Savaria Corporation (TSX-SIS, OTC-SISXF) ... learn more on Wednesday, July 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.

How Distribution Can Exceed Earnings

The site of Daily Adviser can have some interesting articles. See this article on Daily Adviser that explains how distributions can exceed earnings.

On my other blog I wrote yesterday about Dorel Industries Inc (TSX-DII.B, OTC-DIIBF) ... learn more. Next, I will write about Pulse Seismic Inc (TSX-PSD, OTC-PLSDF) ... learn more on Friday, July 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.

Life Insurance

This article on Money Sense talks about Life Insurance.

I worked at Life Insurance companies in Toronto in IT. I do have Life Insurance. I bought one that was a plain vanilla type of Whole Life Insurance. I believe that you buy Life Insurance to have guaranteed money. The main reason I bought Life Insurance was a guaranteed payment on death that could be used to pay things like taxes due on my estate.

I know that companies went into things like Universal Life type policies because interest rates rose sharply in the last 1970’s and insurance companies were not willing to guaranteed interest rates about the historical background rate of 3%. I am sure Life Insurance has changed over the years because I have not worked in a Life Insurance company since 1999.

On my other blog I wrote yesterday about Artis REIT (TSX-AX.UN, OTC-ARESF) ... learn more. Next, I will write about Dorel Industries Inc (TSX-DII.B, OTC-DIIBF) ... learn more on Wednesday, July 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.

Buy Good Companies and Hold

If you want to make money on the stock market for the long term, buy good companies and hold them for the long term. It is better to buy dividend companies, especially dividend growth companies.

The best list I know of for Canadian dividend companies is Money Sense List of 100 Top Canadian dividends stocks. You cannot go wrong with this list. Start with companies with an A ranking. You should especially like companies rated A for a number of years. Money Sense puts this list out every year.

There is also the Aristocrat list on the TSX. You have to be more careful with this list as some of the companies are real dogs. That would be companies that continue to raise their dividends to stay on this list when they cannot afford to pay their dividends. However, the blogger ... Dividend Growth Investing and Retirement does a good job for his readers of sorting through this list.

On my other blog I wrote yesterday about TMX Group Ltd (TSX-X, OTC-TMXXF) ... learn more. Next, I will write about Obsidian Energy Ltd (TSX-OBE, NYSE-OBE) ... learn more on Friday, July 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.

Young People in the City

This article on Money Sense asks “Can young people afford to live in the city anymore?” It then goes on to explain how young people can survive in a city.

I must admit, when I started to work in Toronto, I got an entry level job and I shared a two bedroom apartment with 3 other girls. That was all I could afford at the time. This was in the late 1960’s. I have always lived below my means. I did save money but never really started to invest until the 1970’s. I ended up in a 3 bedroom apartment with one other girl, but when I moved in, there were 3 of us.

I find that most young people seem to want their own apartments. I personally liked sharing an apartment. When there was 4 of us in a two bedroom, there was always someone to go out with. I also made live on friends with most of the people I shared with.

On my other blog I wrote yesterday about LifeWorks Inc (TSX-LWRK, OTC-MSIXF) ... learn more. Next, I will write about TMX Group Ltd (TSX-X, OTC-TMXXF) ... learn more on Wednesday, July 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.

Something to Buy July 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 July 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 20 stocks in the Consumer Discretionary category. I have moved Goeasy Ltd (TSX-GSY, OTC-EHMEF) to financial services. 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 Keg Royalties Income Fund, (TSX-KEG.UN, OTC-KRIUF). There is no change from last month.

Twelve (60%) 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), 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). Savaria Corporation (TSX-SIS, OTC-SISXF) has been added to this list.

I follow 13 Consumer Staples stocks. No stock (0%) is showing as cheap by the historically high dividend yield. It is Saputo Inc. (TSX-SAP, OTC-SAPIF) has been deleted from this list.

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). Andrew Peller Ltd (TSX-ADW.A, OTC-ADWPF) has been added back 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 Neighbourly Pharmacy Inc (TSX-NBLY, OTC-none) Medtronic PCL (NYSE-MDT). Neighbourly Pharmacy Inc (TSX-NBLY, OTC-none) Medtronic PCL (NYSE-MDT) has been added back 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). 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). Cenovus Energy Inc (TSX-CVE, NYSE-CVE) and 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 (14), and Insurance (5). Goeasy Ltd (TSX-GSY, OTC-EHMEF) has been recategorized as a Financial Services stock.

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.

Eight stocks (100%) are showing as cheap by historical median dividend yield. They are Bank of Montreal (TSX-BMO, NYSE-BMO), Bank of Nova Scotia (TSX-BNS, NYSE-BNS), 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). Montreal (TSX-BMO, NYSE-BMO), National Bank of Canada (TSX-NA, OTC-NTIOF) and Royal Bank of Canada (TSX-RY, NYSE-RY have been added to this list.

I follow 14 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. Goeasy Ltd (TSX-GSY, OTC-EHMEF) has been recategorized as a Financial Services stock.

Ten stocks (71%) 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). Alaris Equity Partners Income Trust (TSX-AD.UN, OTC-ALARF), Atrium Mortgage Investment Corp (TSX-AI, OTC-AMIVF), CI Financial (TSX-CIX, NYSE-CIXX), and Goeasy Ltd (TSX-GSY, OTC-EHMEF) 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.

Two stock (66%) is showing as cheap by historical median dividend yield. It is Finning International Inc. (TSX-FTT, OTC-FINGF), and Russel Metals (TSX-RUS, OTC-RUSMF). Russel Metals (TSX-RUS, OTC-RUSMF) has been added to this list.

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). Parkland Fuel Corp (TSX-PKI, OTC-PKIUF), and Wajax Corp (TSX-WJX, OTC-WJXFF) added back 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.

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.

Two stocks (20%) are showing as cheap by historical median dividend yield. They are Allied Properties REIT (TSX-AP.UN, OTC-APYRF), and Melcor Developments Inc. (TSX-MRD, OTC-MODVF). Allied Properties REIT (TSX-AP.UN, OTC-APYRF) has been added to 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 stocks (0%) are showing as cheap by historical high dividend yield. 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). Quarterhaill Inc (TSX-QTRH, OTC-QTRHF) has been added to 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.

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.

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). Algonquin Power & Utilities Corp (TSX-AQN, NYSE-AQN) has been removed from this list.

The last stock I wrote about was about was Premium Brands Holdings Corp (TSX-PBH, OTC-PRBZF) ... learn more. The next stock I will write about will be Suncor Energy Inc (TSX-SU, NYSE-SU) ... learn more on Friday, July 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 site for an index to these blog entries and for stocks followed. I have three blogs. The first talks only about specific stocks and is called Investment Talk . The second one contains information on mostly investing and is called Investing Economics Mostly. My last blog is for my book reviews and it is called Non-Fiction Mostly. Follow me on Twitter. I am on Instagram. Or you can just Google #walktoronto spbrunner8166 to see my pictures.

Dividend Stocks July 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 July 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
• 86 stocks with a dividend yield higher than the 10 year average dividend yield.

When I did my list last list in June 2022,

• 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 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 $191.36. This month dividends would be $190.98. It can vary as because some stocks are paid in US$ and so this figure is affected by currency exchange. Of the stock that I follow 2 stocks has raised their dividends since last month.

Empire Company Ltd (TSX-EMP.A, OTC-EMLAF)
Pizza Pizza Royalty Corp (TSX-PZA, OTC-PZRIF)

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

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

Bombardier Inc. (TSX-BBD.B, OTC-BDRBF) has done a 25 to 1 consolidation. See Press Release here.

Brookfield Infrastructure Partners (TSX-BIP.UN, NYSE-BIP) has done a 3 to 2 (1.5 to 1) stock split. See Press Release here.

Equitable Group Inc is now EQB. Inc. See Press Release on this name change. here.

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

Name	Exch	Sym	Exch	Sym	Chge SP
Reitmans (Canada) Ltd	TSX	RET.A	OTC	RTMAF	-38.17%
Obsidian Energy Ltd	TSX	OBE	OTC	OBELF	-31.54%
Teck Resources Ltd	TSX	TECK.B	NYSE	TECK	-28.82%
Ensign Energy Services	TSX	ESI	OTC	ESVIF	-28.14%
Bombardier Inc.	TSX	BBD.B	OTC	BDRBF	-25.20%
Crescent Point Energy	TSX	CPG	NYSE	CPG	-24.25%
Methanex Corp	TSX	MX	NASDAQ	MEOH	-23.64%
Trican Well Service Ltd	TSX	TCW	OTC	TOLWF	-22.32%
Ovintiv Inc	TSX	OVV	OTC	OVV	-21.43%
Finning International Inc	TSX	FTT	OTC	FINGF	-19.64%

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
Richards Packaging IF	TSX	RPI.UN	OTC	RPKIF	3.11%
Molson Coors Canada	TSX	TPX.B	NYSE	TAP	4.40%
Dollarama Inc	TSX	DOL	OTC	DLMAF	5.70%
Shaw Communications	TSX	SJR.B	NYSE	SJR	6.22%
Thomson Reuters Corp	TSX	TRI	NYSE	TRI	6.73%
IBI Group Inc	TSX	IBG	OTC	IBIBF	7.46%
Ritchie Bros Auctioneers	TSX	RBA	NYSE	RBA	9.18%
Saputo Inc	TSX	SAP	OTC	SAPIF	10.51%
Just Energy Group Inc	TSX	JE	NYSE	JE	57.45%
LifeWorks Inc	TSX	LWRK	OTC	MSIXF	67.92%

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 Empire Company Ltd (TSX-EMP.A, OTC-EMLAF) ... learn more. The next stock I will write about will be Premium Brands Holdings Corp (TSX-PBH, OTC-PRBZF) ... learn more Wednesday, July 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 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.