Mark Seed has his own Web Site. He had been blogger a long time. He invests differently than I do, but it is a good idea to see what a variety of bloggers say. His Weekend Reading articles are worthwhile reading. He also provides a lot of basic information for people wanting to get into investing. There is a lot to see an absorb on his site.
On my other blog I wrote yesterday about Agnico Eagle Mines Ltd (TSX-AEM, NYSE-AEM) ... learn more. Next, I will write about Sleep Country Canada Holdings Inc (TSX-ZZZ, OTC-SCCAF) ... learn more on Friday, December 29, 2023 around 5 pm.
This blog is meant for educational purposes only and is not to provide investment advice. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.
See my site for an index to these blog entries and for stocks followed. I have three blogs. The first talks only about specific stocks and is called Investment Talk. The second one contains information on mostly investing and is called Investing Economics Mostly. My last blog is for my book reviews and it is called Non-Fiction Mostly. Follow me on Twitter. I am on Instagram. Or you can just Google #walktoronto spbrunner8166 to see my pictures.
Thursday, December 28, 2023
Tuesday, December 26, 2023
Stock Market Books
Tommy Douziech on Market Screener gives a list of 8 books to get you started in the stock market. He gives a review of each book.
On my other blog I wrote yesterday about KP Tissue Inc (TSX-KPT, OTC-KPTSF) ... learn more. Next, I will write about Agnico Eagle Mines Ltd (TSX-AEM, NYSE-AEM) ... learn more on Wednesday, December 27, 2023 around 5 pm.
This blog is meant for educational purposes only and is not to provide investment advice. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.
See my site for an index to these blog entries and for stocks followed. I have three blogs. The first talks only about specific stocks and is called Investment Talk. The second one contains information on mostly investing and is called Investing Economics Mostly. My last blog is for my book reviews and it is called Non-Fiction Mostly. Follow me on Twitter. I am on Instagram. Or you can just Google #walktoronto spbrunner8166 to see my pictures.
On my other blog I wrote yesterday about KP Tissue Inc (TSX-KPT, OTC-KPTSF) ... learn more. Next, I will write about Agnico Eagle Mines Ltd (TSX-AEM, NYSE-AEM) ... learn more on Wednesday, December 27, 2023 around 5 pm.
This blog is meant for educational purposes only and is not to provide investment advice. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.
See my site for an index to these blog entries and for stocks followed. I have three blogs. The first talks only about specific stocks and is called Investment Talk. The second one contains information on mostly investing and is called Investing Economics Mostly. My last blog is for my book reviews and it is called Non-Fiction Mostly. Follow me on Twitter. I am on Instagram. Or you can just Google #walktoronto spbrunner8166 to see my pictures.
Thursday, December 21, 2023
Stocktrades
This site of Stocktrades was founded by Daniel Kent and Dylan Callaghan. They are Canadian and talk about Canadian investing. They have free stuff on the site, but they are trying to make money with this site. From what I have read, they seem to give quite good and solid advice. You can take a look at their site.
On my other blog I wrote yesterday about Neighbourly Pharmacy Inc (TSX-NBLY, OTC- NBLYF) ... learn more. Next, I will write about Maple Leaf Foods Inc (TSX-MFI, OTC-MLFNF) ... learn more on Friday, December 22, 2023 around 5 pm.
This blog is meant for educational purposes only and is not to provide investment advice. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.
See my site for an index to these blog entries and for stocks followed. I have three blogs. The first talks only about specific stocks and is called Investment Talk. The second one contains information on mostly investing and is called Investing Economics Mostly. My last blog is for my book reviews and it is called Non-Fiction Mostly. Follow me on Twitter. I am on Instagram. Or you can just Google #walktoronto spbrunner8166 to see my pictures.
On my other blog I wrote yesterday about Neighbourly Pharmacy Inc (TSX-NBLY, OTC- NBLYF) ... learn more. Next, I will write about Maple Leaf Foods Inc (TSX-MFI, OTC-MLFNF) ... learn more on Friday, December 22, 2023 around 5 pm.
This blog is meant for educational purposes only and is not to provide investment advice. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.
See my site for an index to these blog entries and for stocks followed. I have three blogs. The first talks only about specific stocks and is called Investment Talk. The second one contains information on mostly investing and is called Investing Economics Mostly. My last blog is for my book reviews and it is called Non-Fiction Mostly. Follow me on Twitter. I am on Instagram. Or you can just Google #walktoronto spbrunner8166 to see my pictures.
Tuesday, December 19, 2023
Bloggers
You can look at what a number of bloggers are doing to get ideas for investing. I know I was influence by an early blogger called Mike Higgs. He was the one who introduced me to looking at the current dividend yield compared to historical dividend yields. He also suggested stocks and I bought some of those and have no regretted these buys.
I am going to try to highlight some of the ones I know about over the next while.
On my other blog I wrote yesterday about Element Fleet Management Corp (TSX-EFN, OTC-ELEEF) ... learn more. Next, I will write about Neighbourly Pharmacy Inc (TSX-NBLY, OTC- NBLYF) ... learn more on Wednesday, December 20, 2023 around 5 pm.
This blog is meant for educational purposes only and is not to provide investment advice. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.
See my site for an index to these blog entries and for stocks followed. I have three blogs. The first talks only about specific stocks and is called Investment Talk. The second one contains information on mostly investing and is called Investing Economics Mostly. My last blog is for my book reviews and it is called Non-Fiction Mostly. Follow me on Twitter. I am on Instagram. Or you can just Google #walktoronto spbrunner8166 to see my pictures.
I am going to try to highlight some of the ones I know about over the next while.
On my other blog I wrote yesterday about Element Fleet Management Corp (TSX-EFN, OTC-ELEEF) ... learn more. Next, I will write about Neighbourly Pharmacy Inc (TSX-NBLY, OTC- NBLYF) ... learn more on Wednesday, December 20, 2023 around 5 pm.
This blog is meant for educational purposes only and is not to provide investment advice. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.
See my site for an index to these blog entries and for stocks followed. I have three blogs. The first talks only about specific stocks and is called Investment Talk. The second one contains information on mostly investing and is called Investing Economics Mostly. My last blog is for my book reviews and it is called Non-Fiction Mostly. Follow me on Twitter. I am on Instagram. Or you can just Google #walktoronto spbrunner8166 to see my pictures.
Thursday, December 14, 2023
Advice from Legendary Investors
Mark Seed of My Own Adviser writes a column on Advice from legendary investors.
Here are some of his thoughts and advice on money:
This blog is meant for educational purposes only and is not to provide investment advice. I am not a licensed professional investment advisor. 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.
Here are some of his thoughts and advice on money:
- You should spend less than you make. This might require a budget.
- You should establish and maintain an emergency fund. Ideally, at least a few months’ worth in cold-hard cash. (We have this and maintain this.)
- You should make savings for investment purposes automatic.
- You should invest a good portion of your savings for long-term growth; as in equities.
- Once invested, you should keep your investing fees as low as possible for as long as possible. Avoid trading.
- You should diversify your investments across companies, countries, and world economies.
- You should obtain adequate life and disability insurance for the “what ifs” in life to protect against a catastrophic financial loss.
- You should continue to educate yourself; continuous improvement will keep your mind growing and active.
- Money doesn’t mean much if you don’t have your health. You should do what you can to stay healthy. Health is always the ultimate form of wealth.
This blog is meant for educational purposes only and is not to provide investment advice. I am not a licensed professional investment advisor. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.
See my site for an index to these blog entries and for stocks followed. I have three blogs. The first talks only about specific stocks and is called Investment Talk. The second one contains information on mostly investing and is called Investing Economics Mostly. My last blog is for my book reviews and it is called Non-Fiction Mostly. Follow me on Twitter. I am on Instagram. Or you can just Google #walktoronto spbrunner8166 to see my pictures.
Tuesday, December 12, 2023
Estate Planning
This article from Money Sense provides a 10-step estate planning checklist and is written by Debbie Stanley.
On my other blog I wrote yesterday about Chartwell Retirement Residences (TSX-CSH.UN, OTC-CWSRF) ... learn more. Next, I will write about Sienna Senior Living Inc (TSX-SIA, OTC-LWSCF) ... learn more on Wednesday, December 13, 2023 around 5 pm.
This blog is meant for educational purposes only and is not to provide investment advice. I am not a licensed professional investment advisor. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.
See my site for an index to these blog entries and for stocks followed. I have three blogs. The first talks only about specific stocks and is called Investment Talk. The second one contains information on mostly investing and is called Investing Economics Mostly. My last blog is for my book reviews and it is called Non-Fiction Mostly. Follow me on Twitter. I am on Instagram. Or you can just Google #walktoronto spbrunner8166 to see my pictures.
On my other blog I wrote yesterday about Chartwell Retirement Residences (TSX-CSH.UN, OTC-CWSRF) ... learn more. Next, I will write about Sienna Senior Living Inc (TSX-SIA, OTC-LWSCF) ... learn more on Wednesday, December 13, 2023 around 5 pm.
This blog is meant for educational purposes only and is not to provide investment advice. I am not a licensed professional investment advisor. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.
See my site for an index to these blog entries and for stocks followed. I have three blogs. The first talks only about specific stocks and is called Investment Talk. The second one contains information on mostly investing and is called Investing Economics Mostly. My last blog is for my book reviews and it is called Non-Fiction Mostly. Follow me on Twitter. I am on Instagram. Or you can just Google #walktoronto spbrunner8166 to see my pictures.
Thursday, December 7, 2023
Something to Buy December 2023
There is always something to buy in the stock market. On Tuesday, I put out a list of the stocks that I covered and showed what stock might be a good deal based on dividend yield. Now I am trying to categorize what sorts of stocks may be a good deal based on dividend yield. The dividend yield test in this note is a quick way of finding possible stock buys. See my Spreadsheet .
The advantages to using dividend yield to judge how cheap or expensive a stock is, is that you are not using estimates or old data (like last reported quarter's data). You are using today's stock price and today's dividend yield. However, this is just a place to start. It is a good idea to check the stock price with other tests, especially the P/S Ratio test. For other testing, like P/E Ratios, P/S Ratios, P/CF Ratios, P/BV Ratios and Price/Graham Price Ratios, you use estimates or data from the last reported financial quarter.
If a stock is showing as a buy using the dividend yield test, I usually like to verify it is a buy by doing a P/S Ratio test. Here you compare the current P/S Ratio to the 10 year median P/S Ratio. If the current P/S Ratio is lower than the 10 year median, then the stock is a buy. I note that Morningstar gives a current P/S Ratio. The 10 year median ratio is shown in my review of a stock. The 10 year median ratio in a review is good for one year from the date of review.
This historical dividend yield test does not work well for old Income Trust companies. These companies had quite high Dividend Yields which will probably never be seen again. So, I started a column called VT (for Valid Test) and this applies to checking stock price using dividend yield. If it is not a valid test, I use N to show this. For these stocks, you might be better comparing the current dividend yield to the 10 year median dividend yield.
However, no system is perfect. But if you are interested in buying a stock a list of stocks cheap or reasonable using dividend yield data might be a good place to start.
Categorizing stocks is not as simple as it might seem. Every site you go to has categorized stocks a bit differently. I try to keep this as simple as possible. See Something to Buy December 2023 Spreadsheet above to see what stocks are showing whether a stock is relatively cheap based on historical high dividend yields (P/Hi), historical median dividend yields (P/Med), 10 year high dividend yields (P/10Hi), or 10 year median dividend yields (P/10Yr). As in other spreadsheets, you can highlight a line or several lines for better viewing.
In the following notes I am only going to list stocks showing as cheap using the historical high dividend yields (P/Hi) and historical median dividend yields (P/Med).
I follow 20 stocks in the Consumer Discretionary category. Three of these stocks (15%) are showing as cheap by the historically high dividend yield. They are Canadian Tire Corp (TSX-CTC.A, OTC-CDNAF), High Liner Foods (TSX-HLF, OTC-HLNFF), and Leon's Furniture (TSX-LNF, OTC-LEFUF). Magna International Inc. (TSX-MG, NYSE-MGA) has been removed from this list. Leon's Furniture (TSX-LNF, OTC-LEFUF) has been added to this list.
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). K-Bro Linen Inc (TSX-KBL, OTC-KBRLF) has been removed from this list.
I follow 13 Consumer Staples stocks. Three stocks (23%) are showing as cheap by the historically high dividend yield. They are Jamieson Wellness Inc (TSX-JWEL, OTC-JWLLF), and Maple Leaf Foods Inc (TSX-MFI, OTC-MLFNF) and Saputo Inc. (TSX-SAP, OTC-SAPIF). Andrew Peller Ltd (TSX-ADW.A, OTC-ADWPF), Empire Company Ltd (TSX-EMP.A, OTC-EMLAF) have been removed from this list. Saputo Inc. (TSX-SAP, OTC-SAPIF) has been added.
Nine stocks (69%) 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), Jamieson Wellness Inc (TSX-JWEL, OTC-JWLLF), KP Tissue Inc (TSX-KPT, NYSE-KPTSF), Loblaw Companies (TSX-L, OTC-LBLCF), Maple Leaf Foods Inc (TSX-MFI, OTC-MLFNF), Metro Inc (TSX-MRU, OTC-MTRAF), and Saputo Inc. (TSX-SAP, OTC-SAPIF). There is no change from last month.
I follow Six Health Care stocks. Two of these stocks (33%) are showing as cheap by the historically high dividend yield. They are Medtronic PCL (NYSE-MDT), Neighbourly Pharmacy Inc (TSX-NBLY, OTC-NBLYF). Thre is no change from last month.
Four stocks (67%) are cheap by the historical median dividend yield. The stocks are Johnson and Johnson (NYSE-JNJ), Medtronic Inc. (NYSE-MDT), Neighbourly Pharmacy Inc (TSX-NBLY, OTC-NBLYF), and Sienna Senior Living Inc (TSX-SIA, OTC-LWSCF). Chartwell Retirement Residences (TSX-CSH.UN, NYSE-CWSRF) has been removed from 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 Five stocks (56%) showing as cheap by historical median dividend yield. They are Canadian Natural Resources (TSX-CNQ, NYSE-CNQ), Cenovus Energy Inc (TSX-CVE, NYSE-CVE), Mullen Group (TSX-MTL, OTC-MLLGF), Ovintiv Inc (TSX-OVV, OTC-OVV), and Suncor Energy (TSX-SU, NYSE-SU). There is no change from last month.
I follow 25 Financial stocks under the categories of Banks (7), Financial Services (13), and Insurance (5).
I follow 7 Bank stocks. None of these stocks (0%) are showing as cheap by the historically high dividend yield. There is no change from last month.
Seven stocks (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), National Bank of Canada (TSX-NA, OTC-NTIOF), and Royal Bank of Canada (TSX-RY, NYSE-RY) and Toronto Dominion Bank (TSX-TD, NYSE-TD). There is no change from last month.
I follow 13 Financial Service stocks. One of these stocks (0.8%) are showing as cheap by the historically high dividend yield. It is Accord Financial Corp (TSX-ACD, OTC-ACCFF). There is no change from last month.
Ten stocks (77%) are showing as cheap by the historical median dividend yield. These stocks are Accord Financial Corp (TSX-ACD, OTC-ACCFF), AGF Management Ltd (TSX-AGF.B, OTC-AGFMF), Alaris Equity Partners Income Trust (TSX-AD.UN, OTC-ALARF), Atrium Mortgage Investment Corp (TSX-AI, OTC-AMIVF), CI Financial (TSX-CIX, NYSE-CIXX), Element Fleet Management Corp (TSX-EFN, OTC-ELEEF), EQB Inc (TSX-EQB, OTC-EQGPF), Goeasy Ltd (TSX-GSY, OTC-EHMEF), IGM Financial (TSX-IGM, OTC-IGIFF), and Power Corp (TSX-POW, OTC-PWCDF). There is no change from last month.
I follow 5 Insurance stocks. None of these stocks (0%) are showing as cheap by the historically high dividend yield. There is no change from last month.
Four stocks (80%) are showing as cheap by historical median dividend yield. These stocks are Great-West Lifeco Inc. (TSX-GWO, OTC-GWLIF), IA Financial Corp (TSX-IAG, OTC-IDLLF), and Manulife Financial Corp (TSX-MFC, NYSE-MFC), Sun Life Financial (TSX-SLF, NYSE-SLF). There is no change from last month.
I follow 33 Industrial stocks. Because I have so many and Industrial, I have divided my Industrial stocks into 4 separate categories under Industrial. They are Construction (7), Industrial (3), Manufacturing (5) and (Business) Services (18).
I have 7 Construction stocks. One stock (14%) is showing as cheap by the historically high dividend yield. It is Aecon Group Inc (TSX-ARE, OTC-AEGXF). There is no change from last month.
One stock (14%) is showing as cheap by historical median dividend yield. It is Aecon Group Inc (TSX-ARE, OTC-AEGXF). 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 5 Manufacturing stocks. None of these stocks (0%) are showing as cheap by the historically high dividend yield. There is no change from last month.
One stock (14%) is showing as cheap by historical median dividend yield. It is Exco Technologies Ltd. (TSX-XTC, OTC-EXCOF). There is no change from last month.
I follow 18 Services stocks. Three of these stocks (17%) is showing as cheap by the historically high dividend yield. They are McCoy Global Inc (TSX-MCB, OTC-MCCRF), Titanium Transportation Group Inc (TSX-TTR, OTC-TTTGF), and Transcontinental Inc (TSX-TCL.A, OTC-TCLAF). There is no change from last month.
Ten stock (56%) are showing as cheap by historical median dividend yield. They are Algoma Central Corporation (TSX-ALC, OTC-AGMJF), Canadian National Railway (TSX-CNR, NYSE-CNI), GFL Environmental Inc (TSX-GFL, NYSE , GFL), McCoy Global Inc (TSX-MCB, OTC-MCCRF), Pason Systems Inc (TSX-PSI, OTC-PSYTF), Pulse Seismic Inc. (TSX-PSD, OTC-PLSDF), Titanium Transportation Group Inc (TSX-TTR, OTC-TTTGF), Transcontinental Inc (TSX-TCL.A, OTC-TCLAF), Trican Well Service Ltd (TSX-TCW, OTC-TOLWF), and Wajax Corp (TSX-WJX, OTC-WJXFF). Parkland Fuel Corp (TSX-PKI, OTC-PKIUF) has been removed from this list. I follow 10 Material stocks. One stock (10%) is showing as cheap by the historically high dividend yield. It is Agnico Eagle Mines Ltd (TSX-AEM, NYSE-AEM). There is no change from last month.
Three stock (30%) are showing as cheap by historical median dividend yield. The stocks are Adentra Inc (TSX-ADEN, OTC-HDIUF), Agnico Eagle Mines Ltd (TSX-AEM, NYSE-AEM), and Barrick Gold Corp (TSX-ABX, NYSE-ABX). Stella-Jones (TSX-SJ, OTC-STLJF) has been removed from this list.
I follow 10 Real Estate stocks. No stocks (0%) are showing as cheap by historically high dividend yield. Allied Properties REIT (TSX-AP.UN, OTC-APYRF) has been removed from this list.
Eight stocks (80%) are showing as cheap by historical median dividend yield. They are Allied Properties REIT (TSX-AP.UN, OTC-APYRF), Artis REIT (TSX-AX.UN, OTC-ARESF), Choice Properties REIT (TSX-CHP.UN, OTC-PPRQF), First Capital REIT (TSX-FCR.UN, OTC-FCXXF), Granite REIT (TSX- GRT.UN, NYSE-GRP.U), H & R REIT (TSX-HR.UN, OTC-HRUFF), Melcor Developments Inc. (TSX-MRD, OTC-MODVF), and SmartCentres REIT (TSX-SRU.UN, OTC-CWYUF). There is no change from last month.
I follow 2 of the Telecom Service stocks. One of the stocks (50%) are showing as cheap by historically high dividend yield. It is BCE (TSX-BCE, NYSE-BCE). There is no change from last month.
Two stocks (100%) are showing cheap by historical median dividend yield. These stocks are BCE (TSX-BCE, NYSE-BCE), and Telus Corp (TSX-T, NYSE-TU). There is no change from last month.
I follow 8 Tech stocks. No stock (0%) is showing as cheap by historical high dividend yield. Enghouse Systems Limited (TSX-ENGH, OTC-EGHSF) has been removed from this list.
Three stock (38%) are showing cheap by historical median dividend yield. They are 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 8 of the Infrastructure Type utility companies. One of the stocks (13%) are showing as cheap by historical high dividend yield. It is TC Energy Corp (TSX-TRP, NYSE-TRP). Brookfield Infrastructure Partners (TSX-BIP.UN, NYSE-BIP) has been removed from this list.
Four stocks (50%) are showing cheap by historical median dividend yield. They are Brookfield Infrastructure Partners (TSX-BIP.UN, NYSE-BIP), Capital Power Corp (TSX-CPX, OTC-CPRHF), Enbridge Inc. (TSX-ENB, NYSE-ENB), and TC Energy Corp (TSX-TRP, NYSE-TRP). Keyera Corp (TSX-KEY, OTC-KEYUF) has been removed from this list.
I follow 9 of the Power Type utility companies. One stock (13%) 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.
Six stocks (67%) are showing as cheap by historical median dividend yield. Those stocks are Algonquin Power & Utilities Corp (TSX-AQN, NYSE-AQN), ATCO Ltd (TSX-ACO.X, OTC-ACLLF), Canadian Utilities Ltd (TSX-CU, OTC-CDUAF), Emera Inc (TSX-EMA, OTC-EMRAF), Fortis Inc (TSX-FTS, OTC-FRTSF), and Innergex Renewable Energy (TSX-INE, OTC-INGXF). There is no change from last month.
On my other blog I wrote yesterday about Magna International Inc (TSX-MG, NYSE-MGA) ... learn more. Next, I will write about Richards Packaging Income Fund (TSX-RPI.UN, OTC-RPKIF) ... learn more on Friday, December 8, 2023 around 5 pm.
This blog is meant for educational purposes only and is not to provide investment advice. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.
See my site for an index to these blog entries and for stocks followed. I have three blogs. The first talks only about specific stocks and is called Investment Talk . The second one contains information on mostly investing and is called Investing Economics Mostly. My last blog is for my book reviews and it is called Non-Fiction Mostly. Follow me on Twitter. I am on Instagram. Or you can just Google #walktoronto spbrunner8166 to see my pictures.
The advantages to using dividend yield to judge how cheap or expensive a stock is, is that you are not using estimates or old data (like last reported quarter's data). You are using today's stock price and today's dividend yield. However, this is just a place to start. It is a good idea to check the stock price with other tests, especially the P/S Ratio test. For other testing, like P/E Ratios, P/S Ratios, P/CF Ratios, P/BV Ratios and Price/Graham Price Ratios, you use estimates or data from the last reported financial quarter.
If a stock is showing as a buy using the dividend yield test, I usually like to verify it is a buy by doing a P/S Ratio test. Here you compare the current P/S Ratio to the 10 year median P/S Ratio. If the current P/S Ratio is lower than the 10 year median, then the stock is a buy. I note that Morningstar gives a current P/S Ratio. The 10 year median ratio is shown in my review of a stock. The 10 year median ratio in a review is good for one year from the date of review.
This historical dividend yield test does not work well for old Income Trust companies. These companies had quite high Dividend Yields which will probably never be seen again. So, I started a column called VT (for Valid Test) and this applies to checking stock price using dividend yield. If it is not a valid test, I use N to show this. For these stocks, you might be better comparing the current dividend yield to the 10 year median dividend yield.
However, no system is perfect. But if you are interested in buying a stock a list of stocks cheap or reasonable using dividend yield data might be a good place to start.
Categorizing stocks is not as simple as it might seem. Every site you go to has categorized stocks a bit differently. I try to keep this as simple as possible. See Something to Buy December 2023 Spreadsheet above to see what stocks are showing whether a stock is relatively cheap based on historical high dividend yields (P/Hi), historical median dividend yields (P/Med), 10 year high dividend yields (P/10Hi), or 10 year median dividend yields (P/10Yr). As in other spreadsheets, you can highlight a line or several lines for better viewing.
In the following notes I am only going to list stocks showing as cheap using the historical high dividend yields (P/Hi) and historical median dividend yields (P/Med).
I follow 20 stocks in the Consumer Discretionary category. Three of these stocks (15%) are showing as cheap by the historically high dividend yield. They are Canadian Tire Corp (TSX-CTC.A, OTC-CDNAF), High Liner Foods (TSX-HLF, OTC-HLNFF), and Leon's Furniture (TSX-LNF, OTC-LEFUF). Magna International Inc. (TSX-MG, NYSE-MGA) has been removed from this list. Leon's Furniture (TSX-LNF, OTC-LEFUF) has been added to this list.
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). K-Bro Linen Inc (TSX-KBL, OTC-KBRLF) has been removed from this list.
I follow 13 Consumer Staples stocks. Three stocks (23%) are showing as cheap by the historically high dividend yield. They are Jamieson Wellness Inc (TSX-JWEL, OTC-JWLLF), and Maple Leaf Foods Inc (TSX-MFI, OTC-MLFNF) and Saputo Inc. (TSX-SAP, OTC-SAPIF). Andrew Peller Ltd (TSX-ADW.A, OTC-ADWPF), Empire Company Ltd (TSX-EMP.A, OTC-EMLAF) have been removed from this list. Saputo Inc. (TSX-SAP, OTC-SAPIF) has been added.
Nine stocks (69%) 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), Jamieson Wellness Inc (TSX-JWEL, OTC-JWLLF), KP Tissue Inc (TSX-KPT, NYSE-KPTSF), Loblaw Companies (TSX-L, OTC-LBLCF), Maple Leaf Foods Inc (TSX-MFI, OTC-MLFNF), Metro Inc (TSX-MRU, OTC-MTRAF), and Saputo Inc. (TSX-SAP, OTC-SAPIF). There is no change from last month.
I follow Six Health Care stocks. Two of these stocks (33%) are showing as cheap by the historically high dividend yield. They are Medtronic PCL (NYSE-MDT), Neighbourly Pharmacy Inc (TSX-NBLY, OTC-NBLYF). Thre is no change from last month.
Four stocks (67%) are cheap by the historical median dividend yield. The stocks are Johnson and Johnson (NYSE-JNJ), Medtronic Inc. (NYSE-MDT), Neighbourly Pharmacy Inc (TSX-NBLY, OTC-NBLYF), and Sienna Senior Living Inc (TSX-SIA, OTC-LWSCF). Chartwell Retirement Residences (TSX-CSH.UN, NYSE-CWSRF) has been removed from 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 Five stocks (56%) showing as cheap by historical median dividend yield. They are Canadian Natural Resources (TSX-CNQ, NYSE-CNQ), Cenovus Energy Inc (TSX-CVE, NYSE-CVE), Mullen Group (TSX-MTL, OTC-MLLGF), Ovintiv Inc (TSX-OVV, OTC-OVV), and Suncor Energy (TSX-SU, NYSE-SU). There is no change from last month.
I follow 25 Financial stocks under the categories of Banks (7), Financial Services (13), and Insurance (5).
I follow 7 Bank stocks. None of these stocks (0%) are showing as cheap by the historically high dividend yield. There is no change from last month.
Seven stocks (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), National Bank of Canada (TSX-NA, OTC-NTIOF), and Royal Bank of Canada (TSX-RY, NYSE-RY) and Toronto Dominion Bank (TSX-TD, NYSE-TD). There is no change from last month.
I follow 13 Financial Service stocks. One of these stocks (0.8%) are showing as cheap by the historically high dividend yield. It is Accord Financial Corp (TSX-ACD, OTC-ACCFF). There is no change from last month.
Ten stocks (77%) are showing as cheap by the historical median dividend yield. These stocks are Accord Financial Corp (TSX-ACD, OTC-ACCFF), AGF Management Ltd (TSX-AGF.B, OTC-AGFMF), Alaris Equity Partners Income Trust (TSX-AD.UN, OTC-ALARF), Atrium Mortgage Investment Corp (TSX-AI, OTC-AMIVF), CI Financial (TSX-CIX, NYSE-CIXX), Element Fleet Management Corp (TSX-EFN, OTC-ELEEF), EQB Inc (TSX-EQB, OTC-EQGPF), Goeasy Ltd (TSX-GSY, OTC-EHMEF), IGM Financial (TSX-IGM, OTC-IGIFF), and Power Corp (TSX-POW, OTC-PWCDF). There is no change from last month.
I follow 5 Insurance stocks. None of these stocks (0%) are showing as cheap by the historically high dividend yield. There is no change from last month.
Four stocks (80%) are showing as cheap by historical median dividend yield. These stocks are Great-West Lifeco Inc. (TSX-GWO, OTC-GWLIF), IA Financial Corp (TSX-IAG, OTC-IDLLF), and Manulife Financial Corp (TSX-MFC, NYSE-MFC), Sun Life Financial (TSX-SLF, NYSE-SLF). There is no change from last month.
I follow 33 Industrial stocks. Because I have so many and Industrial, I have divided my Industrial stocks into 4 separate categories under Industrial. They are Construction (7), Industrial (3), Manufacturing (5) and (Business) Services (18).
I have 7 Construction stocks. One stock (14%) is showing as cheap by the historically high dividend yield. It is Aecon Group Inc (TSX-ARE, OTC-AEGXF). There is no change from last month.
One stock (14%) is showing as cheap by historical median dividend yield. It is Aecon Group Inc (TSX-ARE, OTC-AEGXF). 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 5 Manufacturing stocks. None of these stocks (0%) are showing as cheap by the historically high dividend yield. There is no change from last month.
One stock (14%) is showing as cheap by historical median dividend yield. It is Exco Technologies Ltd. (TSX-XTC, OTC-EXCOF). There is no change from last month.
I follow 18 Services stocks. Three of these stocks (17%) is showing as cheap by the historically high dividend yield. They are McCoy Global Inc (TSX-MCB, OTC-MCCRF), Titanium Transportation Group Inc (TSX-TTR, OTC-TTTGF), and Transcontinental Inc (TSX-TCL.A, OTC-TCLAF). There is no change from last month.
Ten stock (56%) are showing as cheap by historical median dividend yield. They are Algoma Central Corporation (TSX-ALC, OTC-AGMJF), Canadian National Railway (TSX-CNR, NYSE-CNI), GFL Environmental Inc (TSX-GFL, NYSE , GFL), McCoy Global Inc (TSX-MCB, OTC-MCCRF), Pason Systems Inc (TSX-PSI, OTC-PSYTF), Pulse Seismic Inc. (TSX-PSD, OTC-PLSDF), Titanium Transportation Group Inc (TSX-TTR, OTC-TTTGF), Transcontinental Inc (TSX-TCL.A, OTC-TCLAF), Trican Well Service Ltd (TSX-TCW, OTC-TOLWF), and Wajax Corp (TSX-WJX, OTC-WJXFF). Parkland Fuel Corp (TSX-PKI, OTC-PKIUF) has been removed from this list. I follow 10 Material stocks. One stock (10%) is showing as cheap by the historically high dividend yield. It is Agnico Eagle Mines Ltd (TSX-AEM, NYSE-AEM). There is no change from last month.
Three stock (30%) are showing as cheap by historical median dividend yield. The stocks are Adentra Inc (TSX-ADEN, OTC-HDIUF), Agnico Eagle Mines Ltd (TSX-AEM, NYSE-AEM), and Barrick Gold Corp (TSX-ABX, NYSE-ABX). Stella-Jones (TSX-SJ, OTC-STLJF) has been removed from this list.
I follow 10 Real Estate stocks. No stocks (0%) are showing as cheap by historically high dividend yield. Allied Properties REIT (TSX-AP.UN, OTC-APYRF) has been removed from this list.
Eight stocks (80%) are showing as cheap by historical median dividend yield. They are Allied Properties REIT (TSX-AP.UN, OTC-APYRF), Artis REIT (TSX-AX.UN, OTC-ARESF), Choice Properties REIT (TSX-CHP.UN, OTC-PPRQF), First Capital REIT (TSX-FCR.UN, OTC-FCXXF), Granite REIT (TSX- GRT.UN, NYSE-GRP.U), H & R REIT (TSX-HR.UN, OTC-HRUFF), Melcor Developments Inc. (TSX-MRD, OTC-MODVF), and SmartCentres REIT (TSX-SRU.UN, OTC-CWYUF). There is no change from last month.
I follow 2 of the Telecom Service stocks. One of the stocks (50%) are showing as cheap by historically high dividend yield. It is BCE (TSX-BCE, NYSE-BCE). There is no change from last month.
Two stocks (100%) are showing cheap by historical median dividend yield. These stocks are BCE (TSX-BCE, NYSE-BCE), and Telus Corp (TSX-T, NYSE-TU). There is no change from last month.
I follow 8 Tech stocks. No stock (0%) is showing as cheap by historical high dividend yield. Enghouse Systems Limited (TSX-ENGH, OTC-EGHSF) has been removed from this list.
Three stock (38%) are showing cheap by historical median dividend yield. They are 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 8 of the Infrastructure Type utility companies. One of the stocks (13%) are showing as cheap by historical high dividend yield. It is TC Energy Corp (TSX-TRP, NYSE-TRP). Brookfield Infrastructure Partners (TSX-BIP.UN, NYSE-BIP) has been removed from this list.
Four stocks (50%) are showing cheap by historical median dividend yield. They are Brookfield Infrastructure Partners (TSX-BIP.UN, NYSE-BIP), Capital Power Corp (TSX-CPX, OTC-CPRHF), Enbridge Inc. (TSX-ENB, NYSE-ENB), and TC Energy Corp (TSX-TRP, NYSE-TRP). Keyera Corp (TSX-KEY, OTC-KEYUF) has been removed from this list.
I follow 9 of the Power Type utility companies. One stock (13%) 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.
Six stocks (67%) are showing as cheap by historical median dividend yield. Those stocks are Algonquin Power & Utilities Corp (TSX-AQN, NYSE-AQN), ATCO Ltd (TSX-ACO.X, OTC-ACLLF), Canadian Utilities Ltd (TSX-CU, OTC-CDUAF), Emera Inc (TSX-EMA, OTC-EMRAF), Fortis Inc (TSX-FTS, OTC-FRTSF), and Innergex Renewable Energy (TSX-INE, OTC-INGXF). There is no change from last month.
On my other blog I wrote yesterday about Magna International Inc (TSX-MG, NYSE-MGA) ... learn more. Next, I will write about Richards Packaging Income Fund (TSX-RPI.UN, OTC-RPKIF) ... learn more on Friday, December 8, 2023 around 5 pm.
This blog is meant for educational purposes only and is not to provide investment advice. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.
See my site for an index to these blog entries and for stocks followed. I have three blogs. The first talks only about specific stocks and is called Investment Talk . The second one contains information on mostly investing and is called Investing Economics Mostly. My last blog is for my book reviews and it is called Non-Fiction Mostly. Follow me on Twitter. I am on Instagram. Or you can just Google #walktoronto spbrunner8166 to see my pictures.
Tuesday, December 5, 2023
Dividend Stocks December 2023
First, I want to point out that not all the stocks I follow are great investments. I follow a diverse selection of stocks. There are some that I would never invest in personally.
I follow several resource stocks even though I personally have little invested in this area. I follow what I find interesting and with resource stocks, I think it is important for Canadians to know what is happening in the resource area. On the other hand, I do follow of good number of great dividend growth stocks. You might want to get the free weekly newsletter from Canadian Stock Channel which says what might be the best Canadian Dividend Stocks to buy at the present time.
The theory is that you should use the dividend yield to see if a dividend stock is selling at a stock price that is relatively cheap. A stock price is considered cheap if it is selling at a dividend yield higher than the historical high yield or higher than the historical average yield or historical median yield. Some use the 10 year average or median yield rather than the historical ones. I use median yields, always. See my spreadsheet at dividend growth stocks that I just updated for December 2023. On this list,
Adentra Inc (TSX-ADEN, OTC-HDIUF)
Barclays PLC ADR (LSE-BARC, NYSE-BCS)
Canadian Natural Resources (TSX-CNQ, NYSE-CNQ)
Canadian Tire Corp (TSX-CTC.A, OTC-CDNAF)
Cargojet Inc (TSX-CJT, OTC-CGJTF)
Element Fleet Management Corp (TSX-EFN, OTC-ELEEF)
Enbridge Inc (TSX-ENB, NYSE-ENB)
Exchange Income Corp (TSX-EIF, OTC-EIFZF)
High Liner Foods TSX (HLF, OTC-HLNFF)
Leon's Furniture (TSX-LNF, OTC-LEFUF)
Pizza Pizza Royalty Corp (TSX-PZA, OTC-PZRIF)
Royal Bank of Canada (TSX-RY, NYSE-RY)
Sun Life Financial (TSX-SLF, NYSE-SLF)
Suncor Energy Inc (TSX-SU, NYSE-SU)
Telus Corp (TSX-T, NYSE-TU)
Toronto Dominion Bank (TSX-TD, NYSE-TD)
TransAlta Corp (TSX-TA, NYSE-TAC)
Of the stocks I follow, 0 stock has cut their dividends.
Of the stocks I follow, 0 stocks have suspended or terminated their dividend.
Neighbourly Pharmacy Inc (TSX-NBLY, OTC-NBLYF). This stock now has an over the counter US symbol of NBLYF.
Of the stocks I follow, the following declined the most in their stock price. Of the stocks I follow, 15.69% had declining stock prices. Last month 75.82% of the stock had declining prices.
Of the stock that I follow, these stocks gained the most in their stock price. Of the stock I follow, 83.66% had increasing stock price. And, 0.65% or 1 stocks had the same stock price as last month. Last month 24.18% of the stock had increasing stock prices and 0.00% or 0 stock stayed the same. Note that this month 42.48% of the stock had increases over 10%.
Most of my stocks started out as Dividend Payers. Currently 11 stocks are not paying any dividends and this would be some 7.19% of the stocks that I follow. Three of these stocks never had dividends, so 5.23% of the stocks I follow have suspended or do not pay a dividend. 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 Methanex Corp (TSX-MX, NASDAQ-MEOH) ... learn more. Next, I will write about Magna International Inc (TSX-MG, NYSE-MGA) ... learn more on Wednesday, December 6, 2023 around 5 pm.
This blog is meant for educational purposes only and is not to provide investment advice. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.
See my website for stocks followed and investment notes. I have three blogs. The first talks only about specific stocks and is called Investment Talk. The second one contains information on mostly investing and is called Investing Economics Mostly. My last blog is for my book reviews and it is called Non-Fiction Mostly. Follow me on Twitter or StockTwits. I am on Instagram with #walktoronto.
I follow several resource stocks even though I personally have little invested in this area. I follow what I find interesting and with resource stocks, I think it is important for Canadians to know what is happening in the resource area. On the other hand, I do follow of good number of great dividend growth stocks. You might want to get the free weekly newsletter from Canadian Stock Channel which says what might be the best Canadian Dividend Stocks to buy at the present time.
The theory is that you should use the dividend yield to see if a dividend stock is selling at a stock price that is relatively cheap. A stock price is considered cheap if it is selling at a dividend yield higher than the historical high yield or higher than the historical average yield or historical median yield. Some use the 10 year average or median yield rather than the historical ones. I use median yields, always. See my spreadsheet at dividend growth stocks that I just updated for December 2023. On this list,
- I have 17 stocks with a dividend yield higher than the historical high dividend yield,
- I have 90 stocks with a dividend yield higher than the historical median dividend yield
- I have 14 stocks with a dividend yield higher than the 10 year high dividend yield and
- 101 stocks with a dividend yield higher than the 10 year average dividend yield.
- I have 20 stocks with a dividend yield higher than the historical high dividend yield,
- I have 95 stocks with a dividend yield higher than the historical median dividend yield
- I have 17 stocks with a dividend yield higher than the 10 year high dividend yield and
- 107 stocks with a dividend yield higher than the 10 year average dividend yield.
- I had 9 stocks with a dividend yield higher than the historical high dividend yield,
- I had 45 stocks with a dividend yield higher than the historical average dividend yield and
- 39 stocks with a dividend yield higher than the 5 year median dividend yield.
Adentra Inc (TSX-ADEN, OTC-HDIUF)
Barclays PLC ADR (LSE-BARC, NYSE-BCS)
Canadian Natural Resources (TSX-CNQ, NYSE-CNQ)
Canadian Tire Corp (TSX-CTC.A, OTC-CDNAF)
Cargojet Inc (TSX-CJT, OTC-CGJTF)
Element Fleet Management Corp (TSX-EFN, OTC-ELEEF)
Enbridge Inc (TSX-ENB, NYSE-ENB)
Exchange Income Corp (TSX-EIF, OTC-EIFZF)
High Liner Foods TSX (HLF, OTC-HLNFF)
Leon's Furniture (TSX-LNF, OTC-LEFUF)
Pizza Pizza Royalty Corp (TSX-PZA, OTC-PZRIF)
Royal Bank of Canada (TSX-RY, NYSE-RY)
Sun Life Financial (TSX-SLF, NYSE-SLF)
Suncor Energy Inc (TSX-SU, NYSE-SU)
Telus Corp (TSX-T, NYSE-TU)
Toronto Dominion Bank (TSX-TD, NYSE-TD)
TransAlta Corp (TSX-TA, NYSE-TAC)
Of the stocks I follow, 0 stock has cut their dividends.
Of the stocks I follow, 0 stocks have suspended or terminated their dividend.
Neighbourly Pharmacy Inc (TSX-NBLY, OTC-NBLYF). This stock now has an over the counter US symbol of NBLYF.
Of the stocks I follow, the following declined the most in their stock price. Of the stocks I follow, 15.69% had declining stock prices. Last month 75.82% of the stock had declining prices.
| Name | Exch | Sym | Exch | Sym | Chge SP |
|---|---|---|---|---|---|
| HLS Therapeutics Inc | TSX | HLS | OTC | HLTRF | -27.43% |
| Accord Financial Corp | TSX | ACD | OTC | ACCFF | -23.62% |
| WildBrain Ltd | TSX | WILD | OTC | WLDBF | -19.15% |
| Ensign Energy Services | TSX | ESI | OTC | ESVIF | -17.27% |
| Crescent Point Energy | TSX | CPG | NYSE | CPG | -14.03% |
| Dorel Industries | TSX | DII.B | OTC | DIIBF | -11.94% |
| Obsidian Energy Ltd | TSX | OBE | NYSE | OBE | -11.30% |
| Cenovus Energy Inc | TSX | CVE | NYSE | CVE | -10.78% |
| Ovintiv Inc | TSX | OVV | OTC | OVV | -9.95% |
| Trican Well Service Ltd | TSX | TCW | OTC | TOLWF | -9.35% |
Of the stock that I follow, these stocks gained the most in their stock price. Of the stock I follow, 83.66% had increasing stock price. And, 0.65% or 1 stocks had the same stock price as last month. Last month 24.18% of the stock had increasing stock prices and 0.00% or 0 stock stayed the same. Note that this month 42.48% of the stock had increases over 10%.
| Name | Exch | Sym | Exch | Sym | Chge SP |
|---|---|---|---|---|---|
| Stantec Inc | TSX | STN | NYSE | STN | 22.52% |
| Alaris Equity Partners | TSX | AD.UN | OTC | ALARF | 23.64% |
| Aecon Group Inc | TSX | ARE | OTC | AEGXF | 25.70% |
| Brookfield Infrastructure | TSX | BIP.UN | NYSE | BIP | 26.37% |
| Goeasy Ltd | TSX | GSY | OTC | EHMEF | 26.53% |
| Cargojet Inc | TSX | CJT | OTC | CGJTF | 28.12% |
| Reitmans (Canada) Ltd | TSX | RET.A | OTC | RTMAF | 29.60% |
| Jamieson Wellness Inc | TSX | JWEL | OTC | JWLLF | 36.12% |
| Empire Company Ltd | TSX | EMP.A | OTC | EMLAF | 37.50% |
| Trigon Metals Inc. | TSXV | TM | OTC | PNTZF | 42.42% |
Most of my stocks started out as Dividend Payers. Currently 11 stocks are not paying any dividends and this would be some 7.19% of the stocks that I follow. Three of these stocks never had dividends, so 5.23% of the stocks I follow have suspended or do not pay a dividend. 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 Methanex Corp (TSX-MX, NASDAQ-MEOH) ... learn more. Next, I will write about Magna International Inc (TSX-MG, NYSE-MGA) ... learn more on Wednesday, December 6, 2023 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, November 30, 2023
Mary Harrington
In this post Mary Harrington is talking about the effect of the pill on our society look at it in the way Marshall McLuhan did about communications. I have always found Mary Harrington interesting.
On my other blog I wrote yesterday about Keg Royalties Income Fund (TSX-KEG.UN, OTC-KRIUF) ... learn more. Next, I will write about Stantec Inc (TSX-STN, NYSE-STN) ... learn more on Friday, December 1, 2023 around 5 pm.
This blog is meant for educational purposes only and is not to provide investment advice. I am not a licensed professional investment advisor. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.
See my site for an index to these blog entries and for stocks followed. I have three blogs. The first talks only about specific stocks and is called Investment Talk. The second one contains information on mostly investing and is called Investing Economics Mostly. My last blog is for my book reviews and it is called Non-Fiction Mostly. Follow me on Twitter. I am on Instagram. Or you can just Google #walktoronto spbrunner8166 to see my pictures.
On my other blog I wrote yesterday about Keg Royalties Income Fund (TSX-KEG.UN, OTC-KRIUF) ... learn more. Next, I will write about Stantec Inc (TSX-STN, NYSE-STN) ... learn more on Friday, December 1, 2023 around 5 pm.
This blog is meant for educational purposes only and is not to provide investment advice. I am not a licensed professional investment advisor. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.
See my site for an index to these blog entries and for stocks followed. I have three blogs. The first talks only about specific stocks and is called Investment Talk. The second one contains information on mostly investing and is called Investing Economics Mostly. My last blog is for my book reviews and it is called Non-Fiction Mostly. Follow me on Twitter. I am on Instagram. Or you can just Google #walktoronto spbrunner8166 to see my pictures.
Tuesday, November 28, 2023
Future Crunch
For the latest edition of Future Crunch the good news newsletter.
On my other blog I wrote yesterday about Wild Brain Ltd (TSX-WILD, OTC-WLDBF) ... learn more. Next, I will write about Keg Royalties Income Fund (TSX-KEG.UN, OTC-KRIUF) ... learn more on Wednesday, November 29, 2023 around 5 pm.
This blog is meant for educational purposes only and is not to provide investment advice. I am not a licensed professional investment advisor. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.
See my site for an index to these blog entries and for stocks followed. I have three blogs. The first talks only about specific stocks and is called Investment Talk. The second one contains information on mostly investing and is called Investing Economics Mostly. My last blog is for my book reviews and it is called Non-Fiction Mostly. Follow me on Twitter. I am on Instagram. Or you can just Google #walktoronto spbrunner8166 to see my pictures.
On my other blog I wrote yesterday about Wild Brain Ltd (TSX-WILD, OTC-WLDBF) ... learn more. Next, I will write about Keg Royalties Income Fund (TSX-KEG.UN, OTC-KRIUF) ... learn more on Wednesday, November 29, 2023 around 5 pm.
This blog is meant for educational purposes only and is not to provide investment advice. I am not a licensed professional investment advisor. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.
See my site for an index to these blog entries and for stocks followed. I have three blogs. The first talks only about specific stocks and is called Investment Talk. The second one contains information on mostly investing and is called Investing Economics Mostly. My last blog is for my book reviews and it is called Non-Fiction Mostly. Follow me on Twitter. I am on Instagram. Or you can just Google #walktoronto spbrunner8166 to see my pictures.
Thursday, November 23, 2023
Annual Reports
There is a site called Annual Reports that have annual reports for a lot of Canadian companies. Some time you need old annual reports on a company you are looking at. This site might have then.
I was recently looking Stella-Jones Inc and this site have reports back to 2001 for this company. See site.
On my other blog I wrote yesterday about First Capital REIT (TSX-FCR.UN, OTC-FCXXF) ... learn more. Next, I will write about Stella-Jones Inc (TSX-SJ, OTC-STLJF) ... learn more on Friday, November 24, 2023 around 5 pm.
This blog is meant for educational purposes only and is not to provide investment advice. I am not a licensed professional investment advisor. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.
See my site for an index to these blog entries and for stocks followed. I have three blogs. The first talks only about specific stocks and is called Investment Talk. The second one contains information on mostly investing and is called Investing Economics Mostly. My last blog is for my book reviews and it is called Non-Fiction Mostly. Follow me on Twitter. I am on Instagram. Or you can just Google #walktoronto spbrunner8166 to see my pictures.
I was recently looking Stella-Jones Inc and this site have reports back to 2001 for this company. See site.
On my other blog I wrote yesterday about First Capital REIT (TSX-FCR.UN, OTC-FCXXF) ... learn more. Next, I will write about Stella-Jones Inc (TSX-SJ, OTC-STLJF) ... learn more on Friday, November 24, 2023 around 5 pm.
This blog is meant for educational purposes only and is not to provide investment advice. I am not a licensed professional investment advisor. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.
See my site for an index to these blog entries and for stocks followed. I have three blogs. The first talks only about specific stocks and is called Investment Talk. The second one contains information on mostly investing and is called Investing Economics Mostly. My last blog is for my book reviews and it is called Non-Fiction Mostly. Follow me on Twitter. I am on Instagram. Or you can just Google #walktoronto spbrunner8166 to see my pictures.
Tuesday, November 21, 2023
Prepare for Possible Job Loss
This article on Money Sense talks about preparing for a possible job loss.
The first time I lost a job was just months after I started one in 1964. I had been bored in grade 12 going to Thornhill High School, so when my parents went on holidays I went to Toronto and got a job as a secretary. I had good marks out of school. However, I could not type, I could not read back anything that I write trying to take dictation, and I certainly could not spell. Getting fired was the best thing to happen to me. Since it was 1964 there were lots and lots of jobs and I got hired as a clerk at an insurance firm.
Next, the insurance company I was working for was bought out. At this company I had worked at many different jobs and had worked with the computer. (The first computer I worked with had a room of its own and had 64K, an IBM 360. It had vacuum tubes, not transistor.) I asked one of the executives to help me get another job because this executive seem to know everyone in Toronto who worked for insurance companies. He offered to help if I worked at the company until the day before some of the staff were moving to Kingston. I did and he got me another job in an insurance company. This was 1976.
The next thing I had to worry about was the 1980’s when companies were downsizing. Everyone was worried as I was but I did have some back up. I had started to invest some money into dividend paying stocks. I did not in the end have to use any money, but the time was less stressful for me because of my portfolio. By this time, I was working in IT and so had a reasonably good salary.
Then this next insurance company went bankrupt. Things happen. I went to work for a insurance company that bought part of our business. Unfortunately, it meant that I had to take the subway to work rather than walk. There was a job fair at a company I was interested in working at and it was located within walking distance. I worked for 3 more years. Unfortunately, I had a lousy boss. I started to consider getting another job. Then my boss offered me 6 months’ salary to leave and was rather disconcerted when I reply, where do I sign. In the end, I did not get another job, but decided to live off my portfolio because I had enough income to replace my salary.
Life Insurance firms are interesting as they will pay for any college or university course you past. I did take advantage of this.
You never know how life is going to turn out. Certainly, most people who work will find they lose they job at some point in their working lives. It is best to be prepared for this. Putting money aside into some stock is not a bad way of going about this.
On my other blog I wrote yesterday about FirstService Corp (TSX-FSV, NASDAQ-FSV) ... learn more. Next, I will write about First Capital REIT (TSX-FCR.UN, OTC-FCXXF) ... learn more on Wednesday, November 22, 2023 around 5 pm.
This blog is meant for educational purposes only and is not to provide investment advice. I am not a licensed professional investment advisor. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.
See my site for an index to these blog entries and for stocks followed. I have three blogs. The first talks only about specific stocks and is called Investment Talk. The second one contains information on mostly investing and is called Investing Economics Mostly. My last blog is for my book reviews and it is called Non-Fiction Mostly. Follow me on Twitter. I am on Instagram. Or you can just Google #walktoronto spbrunner8166 to see my pictures.
The first time I lost a job was just months after I started one in 1964. I had been bored in grade 12 going to Thornhill High School, so when my parents went on holidays I went to Toronto and got a job as a secretary. I had good marks out of school. However, I could not type, I could not read back anything that I write trying to take dictation, and I certainly could not spell. Getting fired was the best thing to happen to me. Since it was 1964 there were lots and lots of jobs and I got hired as a clerk at an insurance firm.
Next, the insurance company I was working for was bought out. At this company I had worked at many different jobs and had worked with the computer. (The first computer I worked with had a room of its own and had 64K, an IBM 360. It had vacuum tubes, not transistor.) I asked one of the executives to help me get another job because this executive seem to know everyone in Toronto who worked for insurance companies. He offered to help if I worked at the company until the day before some of the staff were moving to Kingston. I did and he got me another job in an insurance company. This was 1976.
The next thing I had to worry about was the 1980’s when companies were downsizing. Everyone was worried as I was but I did have some back up. I had started to invest some money into dividend paying stocks. I did not in the end have to use any money, but the time was less stressful for me because of my portfolio. By this time, I was working in IT and so had a reasonably good salary.
Then this next insurance company went bankrupt. Things happen. I went to work for a insurance company that bought part of our business. Unfortunately, it meant that I had to take the subway to work rather than walk. There was a job fair at a company I was interested in working at and it was located within walking distance. I worked for 3 more years. Unfortunately, I had a lousy boss. I started to consider getting another job. Then my boss offered me 6 months’ salary to leave and was rather disconcerted when I reply, where do I sign. In the end, I did not get another job, but decided to live off my portfolio because I had enough income to replace my salary.
Life Insurance firms are interesting as they will pay for any college or university course you past. I did take advantage of this.
You never know how life is going to turn out. Certainly, most people who work will find they lose they job at some point in their working lives. It is best to be prepared for this. Putting money aside into some stock is not a bad way of going about this.
On my other blog I wrote yesterday about FirstService Corp (TSX-FSV, NASDAQ-FSV) ... learn more. Next, I will write about First Capital REIT (TSX-FCR.UN, OTC-FCXXF) ... learn more on Wednesday, November 22, 2023 around 5 pm.
This blog is meant for educational purposes only and is not to provide investment advice. I am not a licensed professional investment advisor. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.
See my site for an index to these blog entries and for stocks followed. I have three blogs. The first talks only about specific stocks and is called Investment Talk. The second one contains information on mostly investing and is called Investing Economics Mostly. My last blog is for my book reviews and it is called Non-Fiction Mostly. Follow me on Twitter. I am on Instagram. Or you can just Google #walktoronto spbrunner8166 to see my pictures.
Thursday, November 16, 2023
Toromont and Finning
I knew I had done well with Toromont over the years which I bought in 2007. I was curious when I was looking at Finning how they compared. It looks like I bought the right stock. Both these companies are into Equipment Distributors, although they do seem to be classified differently.
The Total Return per year is shown below for years of 5 to 32 to the end of 2022 for Toromont. Under the Capital Gain column is the portion of the Total Return attributable to capital gains. Under the Dividend column is the portion of the Total Return attributable to dividends. See chart below.
The Total Return per year is shown below for years of 5 to 35 to the end of 2022 for Finning. Under the Capital Gain column is the portion of the Total Return attributable to capital gains. Under the Dividend column is the portion of the Total Return attributable to dividends. See chart below.
So, what about growth?
Toromont Growth for the past 5 and 10 years to the end of 2022 is below. Most growth is good except for Cash Flow for the last 5 years. Cash Flow seems to vary a lot and was down in 2022.
Finning ‘s Growth for the past 5 and 10 years to the end of 2022 is below. This company has low growth in Revenue. Cash Flow seems to vary a lot here also and 2022’s Cash Flow was very low. They also have low growth in Dividends and Stock Price.
What about Dividend Payout Ratios?
This is the Dividend Payout Ratios (DPR) for Toromont. Toromont does not have an Adjusted Earnings per Share (AEPS) value. The Earnings per Share (EPS) ratio is similar to Finning’s. I do often wonder about the value of the Free Cash Flow (FCF) as different sites have different values.
This is the Dividend Payout Ratios (DPR) for Finning. Finning has a lower Cash Flow per Share (CFPS) DPR than Toromont. Again, I wonder about the value of Free Cash Flow (FCF) as different sites have different values.
Let’s look at dividend growth. I have two questions, what is the current yield on my original investment and how much of my original purchase price has been paid by dividends. It would seem from this prospective that Toromont has done better.
For Toromont, I have data for 30 years and on an original stock price from 10 years ago, the yield in 2022 would be 6.88% and 41.53% of the cost of the stock would have been paid.
I also have data for 30 years from Finning. on an original stock price from 10 years ago, the yield in 2022 would be 3.62% and 29.84% of the cost of the stock would have been paid.
After this review, I am glad that I bought Toromont.
On my other blog I wrote yesterday about Chesswood Group Ltd (TSX-CHW, OTC-CHWWF) ... learn more. Next, I will write about Northland Power Inc (TSX-NPI, OTC-NPIFF) ... learn more on Friday, November 17, 2023 around 5 pm.
This blog is meant for educational purposes only and is not to provide investment advice. I am not a licensed professional investment advisor. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.
See my site for an index to these blog entries and for stocks followed. I have three blogs. The first talks only about specific stocks and is called Investment Talk. The second one contains information on mostly investing and is called Investing Economics Mostly. My last blog is for my book reviews and it is called Non-Fiction Mostly. Follow me on Twitter. I am on Instagram. Or you can just Google #walktoronto spbrunner8166 to see my pictures.
The Total Return per year is shown below for years of 5 to 32 to the end of 2022 for Toromont. Under the Capital Gain column is the portion of the Total Return attributable to capital gains. Under the Dividend column is the portion of the Total Return attributable to dividends. See chart below.
| From | Years | Div. Gth | Tot Ret | Cap Gain | Div. |
|---|---|---|---|---|---|
| 2017 | 5 | 15.17% | 13.83% | 12.14% | 1.69% |
| 2012 | 10 | 12.45% | 18.64% | 16.56% | 2.07% |
| 2007 | 15 | 11.57% | 13.94% | 12.23% | 1.71% |
| 2002 | 20 | 14.02% | 16.81% | 14.67% | 2.15% |
| 1997 | 25 | 13.71% | 14.26% | 12.58% | 1.68% |
| 1992 | 30 | 13.21% | 22.24% | 18.42% | 3.82% |
| 1990 | 32 | 14.80% | 22.65% | 18.54% | 4.10% |
The Total Return per year is shown below for years of 5 to 35 to the end of 2022 for Finning. Under the Capital Gain column is the portion of the Total Return attributable to capital gains. Under the Dividend column is the portion of the Total Return attributable to dividends. See chart below.
| From | Years | Div. Gth | Tot Ret | Cap Gain | Div. |
|---|---|---|---|---|---|
| 2017 | 5 | 4.60% | 3.79% | 1.19% | 2.59% |
| 2012 | 10 | 5.43% | 5.90% | 3.20% | 2.70% |
| 2007 | 15 | 6.55% | 3.20% | 1.08% | 2.12% |
| 2002 | 20 | 11.81% | 7.48% | 4.96% | 2.52% |
| 1997 | 25 | 9.34% | 7.68% | 5.42% | 2.26% |
| 1992 | 30 | 11.07% | 11.25% | 8.32% | 2.93% |
| 1987 | 35 | 8.16% | 10.90% | 8.04% | 2.87% |
So, what about growth?
Toromont Growth for the past 5 and 10 years to the end of 2022 is below. Most growth is good except for Cash Flow for the last 5 years. Cash Flow seems to vary a lot and was down in 2022.
| Year | Item | Tot. Growth | Per Year |
|---|---|---|---|
| 5 | Revenue Growth | 80.02% | 12.48% |
| 5 | EPS Growth | 148.64% | 19.98% |
| 5 | Net Income Growth | 158.11% | 20.88% |
| 5 | Cash Flow Growth | -20.54% | -3.67% |
| 5 | Dividend Growth | 102.67% | 15.17% |
| 5 | Stock Price Growth | 77.33% | 12.14% |
| 10 | Revenue Growth | 180.71% | 10.87% |
| 10 | EPS Growth | 250.64% | 13.37% |
| 10 | Net Income Growth | 276.76% | 14.18% |
| 10 | Cash Flow Growth | 480.79% | 19.23% |
| 10 | Dividend Growth | 223.40% | 12.45% |
| 10 | Stock Price Growth | 363.08% | 16.56% |
Finning ‘s Growth for the past 5 and 10 years to the end of 2022 is below. This company has low growth in Revenue. Cash Flow seems to vary a lot here also and 2022’s Cash Flow was very low. They also have low growth in Dividends and Stock Price.
| Year | Item | Tot. Growth | Per Year |
|---|---|---|---|
| 5 | Revenue Growth | 31.13% | 5.57% |
| 5 | AEPS Growth | 138.97% | 19.03% |
| 5 | Net Income Growth | 127.60% | 17.88% |
| 5 | Cash Flow Growth | -99.65% | N/C |
| 5 | Dividend Growth | 25.23% | 4.60% |
| 5 | Stock Price Growth | 6.12% | 1.19% |
| 10 | Revenue Growth | 24.05% | 2.18% |
| 10 | AEPS Growth | 65.82% | 5.19% |
| 10 | Net Income Growth | 48.98% | 4.07% |
| 10 | Cash Flow Growth | -99.25% | N/C |
| 10 | Dividend Growth | 69.64% | 5.43% |
| 10 | Stock Price Growth | 37.00% | 3.20% |
What about Dividend Payout Ratios?
This is the Dividend Payout Ratios (DPR) for Toromont. Toromont does not have an Adjusted Earnings per Share (AEPS) value. The Earnings per Share (EPS) ratio is similar to Finning’s. I do often wonder about the value of the Free Cash Flow (FCF) as different sites have different values.
| Item | Cur | 5 Years |
|---|---|---|
| EPS | 27.79% | 31.17% |
| CFPS | 20.79% | 20.88% |
| FCF | 84.82% | 33.26% |
This is the Dividend Payout Ratios (DPR) for Finning. Finning has a lower Cash Flow per Share (CFPS) DPR than Toromont. Again, I wonder about the value of Free Cash Flow (FCF) as different sites have different values.
| Item | Cur | 5 Years |
|---|---|---|
| EPS | 28.71% | 43.08% |
| AEPS | 28.71% | 47.47% |
| CFPS | 12.24% | 17.89% |
| FCF | -82.01% | 70.98% |
Let’s look at dividend growth. I have two questions, what is the current yield on my original investment and how much of my original purchase price has been paid by dividends. It would seem from this prospective that Toromont has done better.
For Toromont, I have data for 30 years and on an original stock price from 10 years ago, the yield in 2022 would be 6.88% and 41.53% of the cost of the stock would have been paid.
| Years | Yield | Cost Cov. |
|---|---|---|
| 5 | 3.05% | 11.96% |
| 10 | 6.88% | 41.53% |
| 15 | 9.49% | 69.45% |
| 20 | 22.06% | 176.28% |
| 25 | 31.94% | 265.27% |
| 30 | 278.84% | 2352.43% |
I also have data for 30 years from Finning. on an original stock price from 10 years ago, the yield in 2022 would be 3.62% and 29.84% of the cost of the stock would have been paid.
| Years | Yield | Cost Cov. |
|---|---|---|
| 5 | 3.32% | 15.02% |
| 10 | 3.62% | 29.84% |
| 15 | 3.30% | 35.69% |
| 20 | 7.69% | 93.45% |
| 25 | 10.68% | 136.11% |
| 30 | 29.86% | 393.46% |
After this review, I am glad that I bought Toromont.
On my other blog I wrote yesterday about Chesswood Group Ltd (TSX-CHW, OTC-CHWWF) ... learn more. Next, I will write about Northland Power Inc (TSX-NPI, OTC-NPIFF) ... learn more on Friday, November 17, 2023 around 5 pm.
This blog is meant for educational purposes only and is not to provide investment advice. I am not a licensed professional investment advisor. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.
See my site for an index to these blog entries and for stocks followed. I have three blogs. The first talks only about specific stocks and is called Investment Talk. The second one contains information on mostly investing and is called Investing Economics Mostly. My last blog is for my book reviews and it is called Non-Fiction Mostly. Follow me on Twitter. I am on Instagram. Or you can just Google #walktoronto spbrunner8166 to see my pictures.
Tuesday, November 14, 2023
Plan for Retirement
This is an article on Money Sense by Jonathan Chevreau. One of the things it talks about taking a course on retirement planning.
On my other blog I wrote yesterday about Quarterhill Inc (TSX-QTRH, OTC-QTRHF) ... learn more. Next, I will write about Chesswood Group Ltd (TSX-CHW, OTC-CHWWF) ... learn more on Wednesday, November 15, 2023 around 5 pm.
This blog is meant for educational purposes only and is not to provide investment advice. I am not a licensed professional investment advisor. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.
See my site for an index to these blog entries and for stocks followed. I have three blogs. The first talks only about specific stocks and is called Investment Talk. The second one contains information on mostly investing and is called Investing Economics Mostly. My last blog is for my book reviews and it is called Non-Fiction Mostly. Follow me on Twitter. I am on Instagram. Or you can just Google #walktoronto spbrunner8166 to see my pictures.
On my other blog I wrote yesterday about Quarterhill Inc (TSX-QTRH, OTC-QTRHF) ... learn more. Next, I will write about Chesswood Group Ltd (TSX-CHW, OTC-CHWWF) ... learn more on Wednesday, November 15, 2023 around 5 pm.
This blog is meant for educational purposes only and is not to provide investment advice. I am not a licensed professional investment advisor. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.
See my site for an index to these blog entries and for stocks followed. I have three blogs. The first talks only about specific stocks and is called Investment Talk. The second one contains information on mostly investing and is called Investing Economics Mostly. My last blog is for my book reviews and it is called Non-Fiction Mostly. Follow me on Twitter. I am on Instagram. Or you can just Google #walktoronto spbrunner8166 to see my pictures.
Thursday, November 9, 2023
Dividend Investing
I heard Ed Rempel at the Canadian Financial Summit. However, my link to that talk has disappear. I found that he has a site and has basically the same information on that site. So, today is my reference to his site.
Yes. I have heard about what Ed Rumpel is selling before. That is, you are better off investing for capital gains and talking cashflow out of your portfolio when you need it. I still prefer dividend investing. Read below and read his information and decide what you like.
Investing for strictly capital gain in not easy. It did try it. You have to be more careful in capital gain investing because of market volatility. You probably do not want to extract money from your portfolio in selling stocks in a bear market. This could be just physiological, but it would be a worry. It is much harder to pick stocks that will go to up, than to pick stocks that produce dividends. Just because a stock is currently rising, it does not mean that it will continue to do so, especially if it rising fast.
With capital gain investing, past history of rapid stock price growth is not an indicator of future rapid stock price growth. A stock that is rising fast is generally not a long term investment.
The dividend producers have a history. It is not perfect, but it is a good indicator of what a company will do in the future. With dividend investing you get money whether the market is up or down. And, let’s face it, dividend investing is a whole lot easier than capital gains investing. You can buy good companies and keep them for the long term.
Fun fact is that dividend paying stocks tend to go bankrupt a lot less than non-dividend paying stocks. It has been suggested that this is because when a company pay dividends, it is harder to hid problems. They actually have to produce money for their shareholders each quarter.
By the way, I believed in the 4% withdrawal philosophy when I stopped working and was going to live of my portfolio. That happened in 1999. Then 2000 hit and then 2008 hit. After 2000 I started to raise my investment income as a percentage of my portfolio. Because I had dividend growth stocks, I got low yield but growth. I was averaging 2% to 2.5% dividends on my portfolio. I made some sales and purchases to move my average to 3% to 3.5% yield and only took out what I made in dividends.
Although, he is right about withdrawing dividends. The growth in my portfolio, and in the dividends my portfolio produces, was a lot lower once I started to take out dividend income compared to when I was not.
On my other blog I wrote yesterday about Crescent Point Energy Corp (TSX-CPG, NYSE-CPG) ... learn more. Next, I will write about Finning International Inc (TSX-FTT, OTC-FINGF) ... learn more on Friday, November 10, 2023 around 5 pm.
This blog is meant for educational purposes only and is not to provide investment advice. I am not a licensed professional investment advisor. 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.
Yes. I have heard about what Ed Rumpel is selling before. That is, you are better off investing for capital gains and talking cashflow out of your portfolio when you need it. I still prefer dividend investing. Read below and read his information and decide what you like.
Investing for strictly capital gain in not easy. It did try it. You have to be more careful in capital gain investing because of market volatility. You probably do not want to extract money from your portfolio in selling stocks in a bear market. This could be just physiological, but it would be a worry. It is much harder to pick stocks that will go to up, than to pick stocks that produce dividends. Just because a stock is currently rising, it does not mean that it will continue to do so, especially if it rising fast.
With capital gain investing, past history of rapid stock price growth is not an indicator of future rapid stock price growth. A stock that is rising fast is generally not a long term investment.
The dividend producers have a history. It is not perfect, but it is a good indicator of what a company will do in the future. With dividend investing you get money whether the market is up or down. And, let’s face it, dividend investing is a whole lot easier than capital gains investing. You can buy good companies and keep them for the long term.
Fun fact is that dividend paying stocks tend to go bankrupt a lot less than non-dividend paying stocks. It has been suggested that this is because when a company pay dividends, it is harder to hid problems. They actually have to produce money for their shareholders each quarter.
By the way, I believed in the 4% withdrawal philosophy when I stopped working and was going to live of my portfolio. That happened in 1999. Then 2000 hit and then 2008 hit. After 2000 I started to raise my investment income as a percentage of my portfolio. Because I had dividend growth stocks, I got low yield but growth. I was averaging 2% to 2.5% dividends on my portfolio. I made some sales and purchases to move my average to 3% to 3.5% yield and only took out what I made in dividends.
Although, he is right about withdrawing dividends. The growth in my portfolio, and in the dividends my portfolio produces, was a lot lower once I started to take out dividend income compared to when I was not.
On my other blog I wrote yesterday about Crescent Point Energy Corp (TSX-CPG, NYSE-CPG) ... learn more. Next, I will write about Finning International Inc (TSX-FTT, OTC-FINGF) ... learn more on Friday, November 10, 2023 around 5 pm.
This blog is meant for educational purposes only and is not to provide investment advice. I am not a licensed professional investment advisor. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.
See my site for an index to these blog entries and for stocks followed. I have three blogs. The first talks only about specific stocks and is called Investment Talk. The second one contains information on mostly investing and is called Investing Economics Mostly. My last blog is for my book reviews and it is called Non-Fiction Mostly. Follow me on Twitter. I am on Instagram. Or you can just Google #walktoronto spbrunner8166 to see my pictures.
Tuesday, November 7, 2023
Frances Horodelski
Frances Horodelski on BNN Bloomberg talks about her 10 investing rules to live by. I find them easy and interesting. Frances Horodelski also has a Blog
On my other blog I wrote yesterday about Innergex Renewable Energy (TSX-INE, OTC-INGXF) ... learn more. Next, I will write about Crescent Point Energy Corp (TSX-CPG, NYSE-CPG) ... learn more on Wednesday, November 8, 2023 around 5 pm.
This blog is meant for educational purposes only and is not to provide investment advice. I am not a licensed professional investment advisor. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.
See my site for an index to these blog entries and for stocks followed. I have three blogs. The first talks only about specific stocks and is called Investment Talk. The second one contains information on mostly investing and is called Investing Economics Mostly. My last blog is for my book reviews and it is called Non-Fiction Mostly. Follow me on Twitter. I am on Instagram. Or you can just Google #walktoronto spbrunner8166 to see my pictures.
On my other blog I wrote yesterday about Innergex Renewable Energy (TSX-INE, OTC-INGXF) ... learn more. Next, I will write about Crescent Point Energy Corp (TSX-CPG, NYSE-CPG) ... learn more on Wednesday, November 8, 2023 around 5 pm.
This blog is meant for educational purposes only and is not to provide investment advice. I am not a licensed professional investment advisor. 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.
Wednesday, November 1, 2023
Something to Buy November 2023
There is always something to buy in the stock market. On Tuesday, I put out a list of the stocks that I covered and showed what stock might be a good deal based on dividend yield. Now I am trying to categorize what sorts of stocks may be a good deal based on dividend yield. The dividend yield test in this note is a quick way of finding possible stock buys. See my Spreadsheet .
The advantages to using dividend yield to judge how cheap or expensive a stock is, is that you are not using estimates or old data (like last reported quarter's data). You are using today's stock price and today's dividend yield. However, this is just a place to start. It is a good idea to check the stock price with other tests, especially the P/S Ratio test. For other testing, like P/E Ratios, P/S Ratios, P/CF Ratios, P/BV Ratios and Price/Graham Price Ratios, you use estimates or data from the last reported financial quarter.
If a stock is showing as a buy using the dividend yield test, I usually like to verify it is a buy by doing a P/S Ratio test. Here you compare the current P/S Ratio to the 10 year median P/S Ratio. If the current P/S Ratio is lower than the 10 year median, then the stock is a buy. I note that Morningstar gives a current P/S Ratio. The 10 year median ratio is shown in my review of a stock. The 10 year median ratio in a review is good for one year from the date of review.
This historical dividend yield test does not work well for old Income Trust companies. These companies had quite high Dividend Yields which will probably never be seen again. So, I started a column called VT (for Valid Test) and this applies to checking stock price using dividend yield. If it is not a valid test, I use N to show this. For these stocks, you might be better comparing the current dividend yield to the 10 year median dividend yield.
However, no system is perfect. But if you are interested in buying a stock a list of stocks cheap or reasonable using dividend yield data might be a good place to start.
Categorizing stocks is not as simple as it might seem. Every site you go to has categorized stocks a bit differently. I try to keep this as simple as possible. See Something to Buy November 2023 Spreadsheet above to see what stocks are showing whether a stock is relatively cheap based on historical high dividend yields (P/Hi), historical median dividend yields (P/Med), 10 year high dividend yields (P/10Hi), or 10 year median dividend yields (P/10Yr). As in other spreadsheets, you can highlight a line or several lines for better viewing.
In the following notes I am only going to list stocks showing as cheap using the historical high dividend yields (P/Hi) and historical median dividend yields (P/Med).
I follow 20 stocks in the Consumer Discretionary category. Three of these stocks (15%) are showing as cheap by the historically high dividend yield. They are Canadian Tire Corp (TSX-CTC.A, OTC-CDNAF), High Liner Foods (TSX-HLF, OTC-HLNFF), and Magna International Inc. (TSX-MG, NYSE-MGA). There is no change from last month.
Thirteen (65%) of Consumer Discretionary are showing cheap by historical median dividend yield. They are BRP Inc (TSX-DOO, NASDAQ-DOOO), Canadian Tire Corp (TSX-CTC.A, OTC-CDNAF), Goodfellow Inc (TSX-GDL, OTC-GFELF), High Liner Foods (TSX-HLF, OTC-HLNFF), K-Bro Linen Inc (TSX-KBL, OTC-KBRLF), Keg Royalties Income Fund, (TSX-KEG.UN, OTC-KRIUF), Leon's Furniture (TSX-LNF, OTC-LEFUF), Linamar Corporation (TSX-LNR, OTC-LIMAF) Magna International Inc. (TSX-MG, NYSE-MGA), Molson Coors Canada (TSX-TPX.B, NYSE-TAP), Richelieu Hardware Ltd (TSX-RCH, OTC-RHUHF), Savaria Corporation (TSX-SIS, OTC-SISXF) and Stingray Digital Group Inc (TSX-RAY.A). There is no change from last month.
I follow 13 Consumer Staples stocks. Four stocks (31%) are showing as cheap by the historically high dividend yield. They are Andrew Peller Ltd (TSX-ADW.A, OTC-ADWPF), Empire Company Ltd (TSX-EMP.A, OTC-EMLAF), Jamieson Wellness Inc (TSX-JWEL, OTC-JWLLF), and Maple Leaf Foods Inc (TSX-MFI, OTC-MLFNF). Andrew Peller Ltd (TSX-ADW.A, OTC-ADWPF), and Empire Company Ltd (TSX-EMP.A, OTC-EMLAF) have been added to this list.
Nine stocks (69%) 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), Jamieson Wellness Inc (TSX-JWEL, OTC-JWLLF), KP Tissue Inc (TSX-KPT, NYSE-KPTSF), Loblaw Companies (TSX-L, OTC-LBLCF), Maple Leaf Foods Inc (TSX-MFI, OTC-MLFNF), Metro Inc (TSX-MRU, OTC-MTRAF), and Saputo Inc. (TSX-SAP, OTC-SAPIF). There is no change from last month.
I follow Six Health Care stocks. Two of these stocks (33%) are showing as cheap by the historically high dividend yield. They are Medtronic PCL (NYSE-MDT), Neighbourly Pharmacy Inc (TSX-NBLY, OTC-none). Thre is no change from last month.
Five stocks (83%) are cheap by the historical median dividend yield. The stocks are Chartwell Retirement Residences (TSX-CSH.UN, NYSE-CWSRF), Johnson and Johnson (NYSE-JNJ), Medtronic Inc. (NYSE-MDT), Neighbourly Pharmacy Inc (TSX-NBLY, OTC-none), and Sienna Senior Living Inc (TSX-SIA, OTC-LWSCF). There is no change from last month.
I follow 9 Energy stocks. No stock (0%) is showing as cheap by the historical high dividend yield. There is no change from last month.
There are Five stocks (56%) showing as cheap by historical median dividend yield. They are Canadian Natural Resources (TSX-CNQ, NYSE-CNQ), Cenovus Energy Inc (TSX-CVE, NYSE-CVE), Mullen Group (TSX-MTL, OTC-MLLGF), Ovintiv Inc (TSX-OVV, OTC-OVV), and Suncor Energy (TSX-SU, NYSE-SU). There is no change from last month.
I follow 25 Financial stocks under the categories of Banks (7), Financial Services (13), and Insurance (5).
I follow 7 Bank stocks. None of these stocks (0%) are showing as cheap by the historically high dividend yield. There is no change from last month.
Seven stocks (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), National Bank of Canada (TSX-NA, OTC-NTIOF), and Royal Bank of Canada (TSX-RY, NYSE-RY) and Toronto Dominion Bank (TSX-TD, NYSE-TD). There is no change from last month.
I follow 13 Financial Service stocks. One of these stocks (0.8%) are showing as cheap by the historically high dividend yield. It is Accord Financial Corp (TSX-ACD, OTC-ACCFF). There is no change from last month.
Ten stocks (77%) are showing as cheap by the historical median dividend yield. These stocks are Accord Financial Corp (TSX-ACD, OTC-ACCFF), AGF Management Ltd (TSX-AGF.B, OTC-AGFMF), Alaris Equity Partners Income Trust (TSX-AD.UN, OTC-ALARF), Atrium Mortgage Investment Corp (TSX-AI, OTC-AMIVF), CI Financial (TSX-CIX, NYSE-CIXX), Element Fleet Management Corp (TSX-EFN, OTC-ELEEF), EQB Inc (TSX-EQB, OTC-EQGPF), Goeasy Ltd (TSX-GSY, OTC-EHMEF), IGM Financial (TSX-IGM, OTC-IGIFF), and Power Corp (TSX-POW, OTC-PWCDF). There is no change from last month.
I follow 5 Insurance stocks. None of these stocks (0%) are showing as cheap by the historically high dividend yield. There is no change from last month.
Four stocks (80%) are showing as cheap by historical median dividend yield. These stocks are Great-West Lifeco Inc. (TSX-GWO, OTC-GWLIF), IA Financial Corp (TSX-IAG, OTC-IDLLF), and Manulife Financial Corp (TSX-MFC, NYSE-MFC), Sun Life Financial (TSX-SLF, NYSE-SLF). There is no change from last month.
I follow 33 Industrial stocks. Because I have so many and Industrial, I have divided my Industrial stocks into 4 separate categories under Industrial. They are Construction (7), Industrial (3), Manufacturing (5) and (Business) Services (18).
I have 7 Construction stocks. One stock (14%) is showing as cheap by the historically high dividend yield. It is Aecon Group Inc (TSX-ARE, OTC-AEGXF). There is no change from last month.
One stock (14%) is showing as cheap by historical median dividend yield. It is Aecon Group Inc (TSX-ARE, OTC-AEGXF). 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 5 Manufacturing stocks. None of these stocks (0%) are showing as cheap by the historically high dividend yield. There is no change from last month.
One stock (14%) is showing as cheap by historical median dividend yield. It is Exco Technologies Ltd. (TSX-XTC, OTC-EXCOF). There is no change from last month.
I follow 18 Services stocks. Three of these stocks (17%) is showing as cheap by the historically high dividend yield. They are McCoy Global Inc (TSX-MCB, OTC-MCCRF), Titanium Transportation Group Inc (TSX-TTR, OTC-TTTGF), and Transcontinental Inc (TSX-TCL.A, OTC-TCLAF. Titanium Transportation Group Inc (TSX-TTR, OTC-TTTGF) has been added to this list.
Eleven stock (65%) are showing as cheap by historical median dividend yield. They are Algoma Central Corporation (TSX-ALC, OTC-AGMJF), Canadian National Railway (TSX-CNR, NYSE-CNI), GFL Environmental Inc (TSX-GFL, NYSE , GFL), McCoy Global Inc (TSX-MCB, OTC-MCCRF), Parkland Fuel Corp (TSX-PKI, OTC-PKIUF), Pason Systems Inc (TSX-PSI, OTC-PSYTF), Pulse Seismic Inc. (TSX-PSD, OTC-PLSDF), Titanium Transportation Group Inc (TSX-TTR, OTC-TTTGF), Transcontinental Inc (TSX-TCL.A, OTC-TCLAF), Trican Well Service Ltd (TSX-TCW, OTC-TOLWF), and Wajax Corp (TSX-WJX, OTC-WJXFF). There is no change from last month.
I follow 10 Material stocks. One stock (10%) is showing as cheap by the historically high dividend yield. It is Agnico Eagle Mines Ltd (TSX-AEM, NYSE-AEM). There is no change from last month.
Four stock (40%) are showing as cheap by historical median dividend yield. The stocks are Adentra Inc (TSX-ADEN, OTC-HDIUF), Agnico Eagle Mines Ltd (TSX-AEM, NYSE-AEM), Barrick Gold Corp (TSX-ABX, NYSE-ABX), and Stella-Jones (TSX-SJ, OTC-STLJF). Adentra Inc (TSX-ADEN, OTC-HDIUF) has been added to this list.
I follow 10 Real Estate stocks. One stocks (10%) is showing as cheap by historically high dividend yield. It is Allied Properties REIT (TSX-AP.UN, OTC-APYRF). Allied Properties REIT (TSX-AP.UN, OTC-APYRF) has been added to this list.
Eight stocks (80%) are showing as cheap by historical median dividend yield. They are Allied Properties REIT (TSX-AP.UN, OTC-APYRF), Artis REIT (TSX-AX.UN, OTC-ARESF), Choice Properties REIT (TSX-CHP.UN, OTC-PPRQF), First Capital REIT (TSX-FCR.UN, OTC-FCXXF), Granite REIT (TSX- GRT.UN, NYSE-GRP.U), H & R REIT (TSX-HR.UN, OTC-HRUFF), Melcor Developments Inc. (TSX-MRD, OTC-MODVF), and SmartCentres REIT (TSX-SRU.UN, OTC-CWYUF). There is no change from last month.
I follow 2 of the Telecom Service stocks. One of the stocks (50%) are showing as cheap by historically high dividend yield. It is BCE (TSX-BCE, NYSE-BCE). There is no change from last month.
Two stocks (100%) are showing cheap by historical median dividend yield. These stocks are BCE (TSX-BCE, NYSE-BCE), and Telus Corp (TSX-T, NYSE-TU). There is no change from last month.
I follow 8 Tech stocks. No stock (0%) is showing as cheap by historical high dividend yield. Enghouse Systems Limited (TSX-ENGH, OTC-EGHSF) has been removed from this list.
Three stock (38%) are showing cheap by historical median dividend yield. They are 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 8 of the Infrastructure Type utility companies. Two of the stocks (25%) are showing as cheap by historical high dividend yield. They are Brookfield Infrastructure Partners (TSX-BIP.UN, NYSE-BIP), and TC Energy Corp (TSX-TRP, NYSE-TRP). Brookfield Infrastructure Partners (TSX-BIP.UN, NYSE-BIP) has been added to this list.
Five stocks (63%) are showing cheap by historical median dividend yield. They are Brookfield Infrastructure Partners (TSX-BIP.UN, NYSE-BIP), Capital Power Corp (TSX-CPX, OTC-CPRHF), Enbridge Inc. (TSX-ENB, NYSE-ENB), Keyera Corp (TSX-KEY, OTC-KEYUF), and TC Energy Corp (TSX-TRP, NYSE-TRP). Keyera Corp (TSX-KEY, OTC-KEYUF) has been added to this list.
I follow 9 of the Power Type utility companies. One stock (13%) 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.
Six stocks (67%) are showing as cheap by historical median dividend yield. Those stocks are Algonquin Power & Utilities Corp (TSX-AQN, NYSE-AQN), ATCO Ltd (TSX-ACO.X, OTC-ACLLF), Canadian Utilities Ltd (TSX-CU, OTC-CDUAF), Emera Inc (TSX-EMA, OTC-EMRAF), Fortis Inc (TSX-FTS, OTC-FRTSF), and Innergex Renewable Energy (TSX-INE, OTC-INGXF). There is no change from last month.
On my other blog I wrote yesterday about Cenovus Energy Inc (TSX-CVE, NYSE-CVE) ... learn more. Next, I will write about Johnson and Johnson (NYSE-JNJ) ... learn more on Saturday, November 04, 2023 around befor 10 am.
This blog is meant for educational purposes only and is not to provide investment advice. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.
See my site for an index to these blog entries and for stocks followed. I have three blogs. The first talks only about specific stocks and is called Investment Talk . The second one contains information on mostly investing and is called Investing Economics Mostly. My last blog is for my book reviews and it is called Non-Fiction Mostly. Follow me on Twitter. I am on Instagram. Or you can just Google #walktoronto spbrunner8166 to see my pictures.
The advantages to using dividend yield to judge how cheap or expensive a stock is, is that you are not using estimates or old data (like last reported quarter's data). You are using today's stock price and today's dividend yield. However, this is just a place to start. It is a good idea to check the stock price with other tests, especially the P/S Ratio test. For other testing, like P/E Ratios, P/S Ratios, P/CF Ratios, P/BV Ratios and Price/Graham Price Ratios, you use estimates or data from the last reported financial quarter.
If a stock is showing as a buy using the dividend yield test, I usually like to verify it is a buy by doing a P/S Ratio test. Here you compare the current P/S Ratio to the 10 year median P/S Ratio. If the current P/S Ratio is lower than the 10 year median, then the stock is a buy. I note that Morningstar gives a current P/S Ratio. The 10 year median ratio is shown in my review of a stock. The 10 year median ratio in a review is good for one year from the date of review.
This historical dividend yield test does not work well for old Income Trust companies. These companies had quite high Dividend Yields which will probably never be seen again. So, I started a column called VT (for Valid Test) and this applies to checking stock price using dividend yield. If it is not a valid test, I use N to show this. For these stocks, you might be better comparing the current dividend yield to the 10 year median dividend yield.
However, no system is perfect. But if you are interested in buying a stock a list of stocks cheap or reasonable using dividend yield data might be a good place to start.
Categorizing stocks is not as simple as it might seem. Every site you go to has categorized stocks a bit differently. I try to keep this as simple as possible. See Something to Buy November 2023 Spreadsheet above to see what stocks are showing whether a stock is relatively cheap based on historical high dividend yields (P/Hi), historical median dividend yields (P/Med), 10 year high dividend yields (P/10Hi), or 10 year median dividend yields (P/10Yr). As in other spreadsheets, you can highlight a line or several lines for better viewing.
In the following notes I am only going to list stocks showing as cheap using the historical high dividend yields (P/Hi) and historical median dividend yields (P/Med).
I follow 20 stocks in the Consumer Discretionary category. Three of these stocks (15%) are showing as cheap by the historically high dividend yield. They are Canadian Tire Corp (TSX-CTC.A, OTC-CDNAF), High Liner Foods (TSX-HLF, OTC-HLNFF), and Magna International Inc. (TSX-MG, NYSE-MGA). There is no change from last month.
Thirteen (65%) of Consumer Discretionary are showing cheap by historical median dividend yield. They are BRP Inc (TSX-DOO, NASDAQ-DOOO), Canadian Tire Corp (TSX-CTC.A, OTC-CDNAF), Goodfellow Inc (TSX-GDL, OTC-GFELF), High Liner Foods (TSX-HLF, OTC-HLNFF), K-Bro Linen Inc (TSX-KBL, OTC-KBRLF), Keg Royalties Income Fund, (TSX-KEG.UN, OTC-KRIUF), Leon's Furniture (TSX-LNF, OTC-LEFUF), Linamar Corporation (TSX-LNR, OTC-LIMAF) Magna International Inc. (TSX-MG, NYSE-MGA), Molson Coors Canada (TSX-TPX.B, NYSE-TAP), Richelieu Hardware Ltd (TSX-RCH, OTC-RHUHF), Savaria Corporation (TSX-SIS, OTC-SISXF) and Stingray Digital Group Inc (TSX-RAY.A). There is no change from last month.
I follow 13 Consumer Staples stocks. Four stocks (31%) are showing as cheap by the historically high dividend yield. They are Andrew Peller Ltd (TSX-ADW.A, OTC-ADWPF), Empire Company Ltd (TSX-EMP.A, OTC-EMLAF), Jamieson Wellness Inc (TSX-JWEL, OTC-JWLLF), and Maple Leaf Foods Inc (TSX-MFI, OTC-MLFNF). Andrew Peller Ltd (TSX-ADW.A, OTC-ADWPF), and Empire Company Ltd (TSX-EMP.A, OTC-EMLAF) have been added to this list.
Nine stocks (69%) 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), Jamieson Wellness Inc (TSX-JWEL, OTC-JWLLF), KP Tissue Inc (TSX-KPT, NYSE-KPTSF), Loblaw Companies (TSX-L, OTC-LBLCF), Maple Leaf Foods Inc (TSX-MFI, OTC-MLFNF), Metro Inc (TSX-MRU, OTC-MTRAF), and Saputo Inc. (TSX-SAP, OTC-SAPIF). There is no change from last month.
I follow Six Health Care stocks. Two of these stocks (33%) are showing as cheap by the historically high dividend yield. They are Medtronic PCL (NYSE-MDT), Neighbourly Pharmacy Inc (TSX-NBLY, OTC-none). Thre is no change from last month.
Five stocks (83%) are cheap by the historical median dividend yield. The stocks are Chartwell Retirement Residences (TSX-CSH.UN, NYSE-CWSRF), Johnson and Johnson (NYSE-JNJ), Medtronic Inc. (NYSE-MDT), Neighbourly Pharmacy Inc (TSX-NBLY, OTC-none), and Sienna Senior Living Inc (TSX-SIA, OTC-LWSCF). There is no change from last month.
I follow 9 Energy stocks. No stock (0%) is showing as cheap by the historical high dividend yield. There is no change from last month.
There are Five stocks (56%) showing as cheap by historical median dividend yield. They are Canadian Natural Resources (TSX-CNQ, NYSE-CNQ), Cenovus Energy Inc (TSX-CVE, NYSE-CVE), Mullen Group (TSX-MTL, OTC-MLLGF), Ovintiv Inc (TSX-OVV, OTC-OVV), and Suncor Energy (TSX-SU, NYSE-SU). There is no change from last month.
I follow 25 Financial stocks under the categories of Banks (7), Financial Services (13), and Insurance (5).
I follow 7 Bank stocks. None of these stocks (0%) are showing as cheap by the historically high dividend yield. There is no change from last month.
Seven stocks (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), National Bank of Canada (TSX-NA, OTC-NTIOF), and Royal Bank of Canada (TSX-RY, NYSE-RY) and Toronto Dominion Bank (TSX-TD, NYSE-TD). There is no change from last month.
I follow 13 Financial Service stocks. One of these stocks (0.8%) are showing as cheap by the historically high dividend yield. It is Accord Financial Corp (TSX-ACD, OTC-ACCFF). There is no change from last month.
Ten stocks (77%) are showing as cheap by the historical median dividend yield. These stocks are Accord Financial Corp (TSX-ACD, OTC-ACCFF), AGF Management Ltd (TSX-AGF.B, OTC-AGFMF), Alaris Equity Partners Income Trust (TSX-AD.UN, OTC-ALARF), Atrium Mortgage Investment Corp (TSX-AI, OTC-AMIVF), CI Financial (TSX-CIX, NYSE-CIXX), Element Fleet Management Corp (TSX-EFN, OTC-ELEEF), EQB Inc (TSX-EQB, OTC-EQGPF), Goeasy Ltd (TSX-GSY, OTC-EHMEF), IGM Financial (TSX-IGM, OTC-IGIFF), and Power Corp (TSX-POW, OTC-PWCDF). There is no change from last month.
I follow 5 Insurance stocks. None of these stocks (0%) are showing as cheap by the historically high dividend yield. There is no change from last month.
Four stocks (80%) are showing as cheap by historical median dividend yield. These stocks are Great-West Lifeco Inc. (TSX-GWO, OTC-GWLIF), IA Financial Corp (TSX-IAG, OTC-IDLLF), and Manulife Financial Corp (TSX-MFC, NYSE-MFC), Sun Life Financial (TSX-SLF, NYSE-SLF). There is no change from last month.
I follow 33 Industrial stocks. Because I have so many and Industrial, I have divided my Industrial stocks into 4 separate categories under Industrial. They are Construction (7), Industrial (3), Manufacturing (5) and (Business) Services (18).
I have 7 Construction stocks. One stock (14%) is showing as cheap by the historically high dividend yield. It is Aecon Group Inc (TSX-ARE, OTC-AEGXF). There is no change from last month.
One stock (14%) is showing as cheap by historical median dividend yield. It is Aecon Group Inc (TSX-ARE, OTC-AEGXF). 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 5 Manufacturing stocks. None of these stocks (0%) are showing as cheap by the historically high dividend yield. There is no change from last month.
One stock (14%) is showing as cheap by historical median dividend yield. It is Exco Technologies Ltd. (TSX-XTC, OTC-EXCOF). There is no change from last month.
I follow 18 Services stocks. Three of these stocks (17%) is showing as cheap by the historically high dividend yield. They are McCoy Global Inc (TSX-MCB, OTC-MCCRF), Titanium Transportation Group Inc (TSX-TTR, OTC-TTTGF), and Transcontinental Inc (TSX-TCL.A, OTC-TCLAF. Titanium Transportation Group Inc (TSX-TTR, OTC-TTTGF) has been added to this list.
Eleven stock (65%) are showing as cheap by historical median dividend yield. They are Algoma Central Corporation (TSX-ALC, OTC-AGMJF), Canadian National Railway (TSX-CNR, NYSE-CNI), GFL Environmental Inc (TSX-GFL, NYSE , GFL), McCoy Global Inc (TSX-MCB, OTC-MCCRF), Parkland Fuel Corp (TSX-PKI, OTC-PKIUF), Pason Systems Inc (TSX-PSI, OTC-PSYTF), Pulse Seismic Inc. (TSX-PSD, OTC-PLSDF), Titanium Transportation Group Inc (TSX-TTR, OTC-TTTGF), Transcontinental Inc (TSX-TCL.A, OTC-TCLAF), Trican Well Service Ltd (TSX-TCW, OTC-TOLWF), and Wajax Corp (TSX-WJX, OTC-WJXFF). There is no change from last month.
I follow 10 Material stocks. One stock (10%) is showing as cheap by the historically high dividend yield. It is Agnico Eagle Mines Ltd (TSX-AEM, NYSE-AEM). There is no change from last month.
Four stock (40%) are showing as cheap by historical median dividend yield. The stocks are Adentra Inc (TSX-ADEN, OTC-HDIUF), Agnico Eagle Mines Ltd (TSX-AEM, NYSE-AEM), Barrick Gold Corp (TSX-ABX, NYSE-ABX), and Stella-Jones (TSX-SJ, OTC-STLJF). Adentra Inc (TSX-ADEN, OTC-HDIUF) has been added to this list.
I follow 10 Real Estate stocks. One stocks (10%) is showing as cheap by historically high dividend yield. It is Allied Properties REIT (TSX-AP.UN, OTC-APYRF). Allied Properties REIT (TSX-AP.UN, OTC-APYRF) has been added to this list.
Eight stocks (80%) are showing as cheap by historical median dividend yield. They are Allied Properties REIT (TSX-AP.UN, OTC-APYRF), Artis REIT (TSX-AX.UN, OTC-ARESF), Choice Properties REIT (TSX-CHP.UN, OTC-PPRQF), First Capital REIT (TSX-FCR.UN, OTC-FCXXF), Granite REIT (TSX- GRT.UN, NYSE-GRP.U), H & R REIT (TSX-HR.UN, OTC-HRUFF), Melcor Developments Inc. (TSX-MRD, OTC-MODVF), and SmartCentres REIT (TSX-SRU.UN, OTC-CWYUF). There is no change from last month.
I follow 2 of the Telecom Service stocks. One of the stocks (50%) are showing as cheap by historically high dividend yield. It is BCE (TSX-BCE, NYSE-BCE). There is no change from last month.
Two stocks (100%) are showing cheap by historical median dividend yield. These stocks are BCE (TSX-BCE, NYSE-BCE), and Telus Corp (TSX-T, NYSE-TU). There is no change from last month.
I follow 8 Tech stocks. No stock (0%) is showing as cheap by historical high dividend yield. Enghouse Systems Limited (TSX-ENGH, OTC-EGHSF) has been removed from this list.
Three stock (38%) are showing cheap by historical median dividend yield. They are 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 8 of the Infrastructure Type utility companies. Two of the stocks (25%) are showing as cheap by historical high dividend yield. They are Brookfield Infrastructure Partners (TSX-BIP.UN, NYSE-BIP), and TC Energy Corp (TSX-TRP, NYSE-TRP). Brookfield Infrastructure Partners (TSX-BIP.UN, NYSE-BIP) has been added to this list.
Five stocks (63%) are showing cheap by historical median dividend yield. They are Brookfield Infrastructure Partners (TSX-BIP.UN, NYSE-BIP), Capital Power Corp (TSX-CPX, OTC-CPRHF), Enbridge Inc. (TSX-ENB, NYSE-ENB), Keyera Corp (TSX-KEY, OTC-KEYUF), and TC Energy Corp (TSX-TRP, NYSE-TRP). Keyera Corp (TSX-KEY, OTC-KEYUF) has been added to this list.
I follow 9 of the Power Type utility companies. One stock (13%) 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.
Six stocks (67%) are showing as cheap by historical median dividend yield. Those stocks are Algonquin Power & Utilities Corp (TSX-AQN, NYSE-AQN), ATCO Ltd (TSX-ACO.X, OTC-ACLLF), Canadian Utilities Ltd (TSX-CU, OTC-CDUAF), Emera Inc (TSX-EMA, OTC-EMRAF), Fortis Inc (TSX-FTS, OTC-FRTSF), and Innergex Renewable Energy (TSX-INE, OTC-INGXF). There is no change from last month.
On my other blog I wrote yesterday about Cenovus Energy Inc (TSX-CVE, NYSE-CVE) ... learn more. Next, I will write about Johnson and Johnson (NYSE-JNJ) ... learn more on Saturday, November 04, 2023 around befor 10 am.
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.
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