Tuesday, September 6, 2022

Dividend Stocks September 2022

First, I want to point out that not all the stocks I follow are great investments. I follow a diverse selection of stocks. There are some that I would never invest in personally.

I follow several resource stocks even though I personally have little invested in this area. I follow what I find interesting and with resource stocks, I think it is important for Canadians to know what is happening in the resource area. On the other hand, I do follow of good number of great dividend growth stocks. You might want to get the free weekly newsletter from Canadian Stock Channel which says what might be the best Canadian Dividend Stocks to buy at the present time.

The theory is that you should use the dividend yield to see if a dividend stock is selling at a stock price that is relatively cheap. A stock price is considered cheap if it is selling at a dividend yield higher than the historical high yield or higher than the historical average yield or historical median yield. Some use the 10 year average or median yield rather than the historical ones. I use median yields, always. See my spreadsheet at dividend growth stocks that I just updated for September 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 83 stocks with a dividend yield higher than the historical median dividend yield and
  • 83 stocks with a dividend yield higher than the 10 year average dividend yield.
When I did my list last list in August 2022,
  • I have 6 stocks with a dividend yield higher than the historical high dividend yield,
  • I have 79 stocks with a dividend yield higher than the historical median dividend yield and
  • 80 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 7 stocks has raised their dividends since last month.

Capital Power Corp. (TSX-CPX, OTC-CPRHF)
Exchange Income Corp (TSX-EIF, OTC-EIFZF)
EQB Inc TSX (EQB-OTC, EQGPF)
Logistec Corp (TSX-LGT.B, OTC-LTKBF)
Melcor Developments Inc (TSX-MRD, OTC-MODVF) Ritchie Bros Auctioneers Inc (TSX-RBA, NYSE-RBA)
Supremex Inc (TSX-SXP, OTC-SUMXF)

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

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

For Barclays PLC (LSE-BARC, NYSE-BCS), TD WebBroker gives a dividend of $0.4284 US$. Barclays say that the dividends for 2022 for ADRs are $0.16 and $0.04 for 2022. See Dividend Information by Barclay PCL. This equal dividends of $0.25. Globe and Mail gives a current dividend of $0.21 US$.

The dividends for 2022 for Barclays in UK Pounds are $0.04 and $0.225. Using current exchange rates for $0.4 and $0.225 plus the fact that there are 4 Barclays PLC stocks for each ADR, dividends are 2022 would be $0.2885. Barclays gives out two dividends per year. It declares the first one and the largest one at the end of the year to be paid at the first of the next year and a smaller dividend at the end of the year to be paid in that year. I have no idea how TD calculated their current dividends for the stock.

Just Energy Group Inc (TSX-JE, NYSE-JE) has symbols changed to (TSX=JE.H, OTC-JENGQ). This company is moving from the TSX Stock Exchange to the TSX Venture Exchange and from the NYSE Stock Exchange to OTC. This was effective on June 4, 2021. See Press Release.

Titanium Transportation Group Inc (TSX-TTR, OTC-TITFG) has symbols changed to (TSX-TTNM, OTC-TTNMF). The company is moving from the TSX Venture Exchange to TSX Stock Exchange.

GFL Environmental Inc (TSX-GFL, NYSE -GFL) is a stock that I decided to follow to bring the number I follow up to 156.

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.H OTC JENGQ -26.47%
TransAlta Corp TSX TA NYSE TAC -18.28%
TECSYS Inc TSX TCS OTC TCYSF -18.25%
Trigon Metals Inc. TSXV TM OTC PNTZF -17.65%
Calian Group Ltd. TSX CGY OTC CLNFF -16.35%
Hardwoods Distribution TSX HDI OTC HDIUF -15.93%
Maxar Technologies TSX MAXR NYSE MAXR -15.68%
Ensign Energy Services TSX ESI OTC ESVIF -15.07%
Maple Leaf Foods Inc TSX MFI OTC MLFNF -14.87%
Quarterhaill Inc TSX QTRH OTC QTRHF -13.15%

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
High Liner Foods TSX HLF OTC HLNFF 8.28%
Ag Growth Inter. TSX AFN OTC AGGZF 8.84%
Element Fleet Mge TSX EFN OTC ELEEF 9.52%
Chesswood Group TSX CHW OTC CHWWF 10.52%
Teck Resources Ltd TSX TECK.B NYSE TECK 14.34%
Reitmans (Canada) Ltd TSX RET.A OTC RTMAF 16.82%
Absolute Software TSX ABST NASDAQ ABST 21.17%
Hammond Power Sol. TSX HPS.A OTC HMDPF 26.79%
Supremex Inc TSX SXP OTC SUMXF 31.50%
Bombardier Inc. TSX BBD.B OTC BDRBF 44.09%

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 Titanium Transportation Group Inc (TSX-TTR, OTC-TTTGF) ... learn more. The next stock I will write about will be SmartCentres REIT (TSX-SRU.UN, OTC-CWYUF) ... learn more on Wednesday, September 7, 2022 around 5 pm.

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

See my website for stocks followed and investment notes. I have three blogs. The first talks only about specific stocks and is called Investment Talk. The second one contains information on mostly investing and is called Investing Economics Mostly. My last blog is for my book reviews and it is called Non-Fiction Mostly. Follow me on Twitter or StockTwits. I am on Instagram with #walktoronto.

No comments:

Post a Comment