Investment Strategy is a blog by Kyn Alden. In the recent article, she talks about buying Brookfield Corporation (BN) and Canadian Natural Resources (CNQ).
On my other blog I wrote yesterday about Saputo Inc (TSX-SAP, OTC-SAPIF) ... learn more. Next, I will write about Empire Company Ltd (TSX-EMP.A, OTC-EMLAF) ... learn more on Friday, June 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, June 29, 2023
Tuesday, June 27, 2023
My Investment Style
My investment style is to be in dividend growth companies for the long term. They do not need to raise dividend each year, but the dividends do need to grow. Generally, I do not invest for passive income. I would go for a lower yield and dividend growth rather than a higher yield and little or no growth.
I do not invest in the next great thing. I do miss some booms, like digital currencies (like Bitcoin) or cannabis companies. But often the next great thing is a bust or you are too late to make any money.
Currently, I am mostly investing in Canada. I have extremely little in the US and no international stock. I have no bonds. Although in the past I did invest in the US, internationally and in bonds. I have no desire to do that again.
I starting investing in 1971 with the purchase of a segregated fund. Segregated funds are sold by insurance companies and they are mutual funds with a guaranteed return. For example, my had a guarantee that after 10 years I could get my initial money back. I have tracked the TSX from 1956 and there was only 1 ten year period where the stock market was lower (1974). I sold this fund to buy furniture in 1972.
I opened a Registered Retirement Savings Plan (RRSP) account in 1973 and bought an GIC for it. At that time RRSP were really being pushed as the way the save money for the future. Interest rates were high and they were only going to get higher. For most years, until I stopped working in 1999, I put money into a RRSP.
My first investment, outside of the RRSP was in 1978 when I bought a Canada Saving Bonds. Then you could buy them on a monthly plan and either get a bond or the money in November of the following year. I bought my last bond in 1983 and then got out of Canada Savings Bonds. I sold my last bond in 2007 and it was a CIBC bond for 30 years at 10%.
My first stock purchase was in 1982 when I bought 50 shares of BCE. After that I bought Canadian, US and International stock. I have done best in Canadian stock and currently I have just that, Canadian Stocks. I have stock in Utilities, Financials, Consumers, and Industrials mostly. I also have some Real Estate and Tech stocks and 1% in Energy stocks.
I have opened a Tax Free Savings Account (TFSA) and I am doing something different with this. I am looking for future great companies. I taking chances on small companies, mostly dividend paying and seeing how they progress.
On my other blog I wrote yesterday about Parkland Fuel Corp (TSX-PKI, OTC-PKIUF) ... learn more. Next, I will write about Saputo Inc (TSX-SAP, OTC-SAPIF) ... learn more on Wednesday, June 28, 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 do not invest in the next great thing. I do miss some booms, like digital currencies (like Bitcoin) or cannabis companies. But often the next great thing is a bust or you are too late to make any money.
Currently, I am mostly investing in Canada. I have extremely little in the US and no international stock. I have no bonds. Although in the past I did invest in the US, internationally and in bonds. I have no desire to do that again.
I starting investing in 1971 with the purchase of a segregated fund. Segregated funds are sold by insurance companies and they are mutual funds with a guaranteed return. For example, my had a guarantee that after 10 years I could get my initial money back. I have tracked the TSX from 1956 and there was only 1 ten year period where the stock market was lower (1974). I sold this fund to buy furniture in 1972.
I opened a Registered Retirement Savings Plan (RRSP) account in 1973 and bought an GIC for it. At that time RRSP were really being pushed as the way the save money for the future. Interest rates were high and they were only going to get higher. For most years, until I stopped working in 1999, I put money into a RRSP.
My first investment, outside of the RRSP was in 1978 when I bought a Canada Saving Bonds. Then you could buy them on a monthly plan and either get a bond or the money in November of the following year. I bought my last bond in 1983 and then got out of Canada Savings Bonds. I sold my last bond in 2007 and it was a CIBC bond for 30 years at 10%.
My first stock purchase was in 1982 when I bought 50 shares of BCE. After that I bought Canadian, US and International stock. I have done best in Canadian stock and currently I have just that, Canadian Stocks. I have stock in Utilities, Financials, Consumers, and Industrials mostly. I also have some Real Estate and Tech stocks and 1% in Energy stocks.
I have opened a Tax Free Savings Account (TFSA) and I am doing something different with this. I am looking for future great companies. I taking chances on small companies, mostly dividend paying and seeing how they progress.
On my other blog I wrote yesterday about Parkland Fuel Corp (TSX-PKI, OTC-PKIUF) ... learn more. Next, I will write about Saputo Inc (TSX-SAP, OTC-SAPIF) ... learn more on Wednesday, June 28, 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, June 22, 2023
Dividend Information
When I looking for dividend information, I find the new ones in press releases on the site of the stock I am looking at. I find the last few years, with such information as Dividend Declared, Dividend paid to Shareholders of what date, Dividend payment date, and dividends at Morningstar.com. For example, for Fortis Inc see . For historical data I look to Yahoo Finance see .
On my other blog I wrote yesterday about CI Financial Corp (TSX-CIX, NYSE-CIXX) ... learn more. Next, I will write about Computer Modelling Group Ltd (TSX-CMG, OTC-CMDXF) ... learn more on Friday, June 23, 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 CI Financial Corp (TSX-CIX, NYSE-CIXX) ... learn more. Next, I will write about Computer Modelling Group Ltd (TSX-CMG, OTC-CMDXF) ... learn more on Friday, June 23, 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, June 20, 2023
My Fooling Around Money
I recently review HLS Therapeutics Inc (TSX-HLS, OTC-HLTRF) and showed I had lost money on this stock. However, with my fooling around money one company or one loss does not matter. What matters is my overall return. My fooling around money is in my TFSA. This account, to the end of April I have made a 10% total return. Not great, but I am happy with it. (I got this information from quicken and I have not completed the update for the month of May yet.)
On my other blog I wrote yesterday about Waste Connections Inc (TSX-WCN, NYSE-WCN) ... learn more. Next, I will write about CI Financial Corp (TSX-CIX, NYSE-CIXX) ... learn more on Wednesday, June 21, 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 Waste Connections Inc (TSX-WCN, NYSE-WCN) ... learn more. Next, I will write about CI Financial Corp (TSX-CIX, NYSE-CIXX) ... learn more on Wednesday, June 21, 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, June 15, 2023
TD Bank
Mark Seed on My Own Advisor talks about investing in TD Bank. He bought this stock mid-2009.
I also own this bank and I have had it since 2000 and made a second purchase in 2009. This was my third bank to buy, having bought BMO in 1983 and Royal in 1995.
On my other blog I wrote yesterday about Goeasy Ltd (TSX-GSY, OTC-EHMEF) ... learn more. Next, I will write about Lassonde Industries Inc (TSX-LAS.A, OTC-LSDAF) ... learn more on Friday, June 16, 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 also own this bank and I have had it since 2000 and made a second purchase in 2009. This was my third bank to buy, having bought BMO in 1983 and Royal in 1995.
On my other blog I wrote yesterday about Goeasy Ltd (TSX-GSY, OTC-EHMEF) ... learn more. Next, I will write about Lassonde Industries Inc (TSX-LAS.A, OTC-LSDAF) ... learn more on Friday, June 16, 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, June 13, 2023
Dividend Investing
I know when I was reviewing Power Corp analysis showed that it has not performed well for some long term investors. See chart below. The main reason is the stock price has not done well, especially lately. For companies like Power Corp, you expect that half your total return would be from capital gains and half from dividends. It is the capital gains that have not done well.
However, I personally have not lost faith in this company. The reason being that it has produced nice dividend income for me. I have data for this company going back 35 years and of those years, the company has raised dividends 26 times or 75% of the time. They have never cut their dividends over those 35 years.
I currently live of dividends, so I have not been displeased with this company. I came from Power Financial before it was amalgamated with Power Corp. I bought Power Financial some 21 years ago. Over these 21 years, I have received over $75,000 in dividends.
So, there are some good reasons why this company is on dividend investing lists, such as the Money Sense list and the Aristocrats list.
On my other blog I wrote yesterday about Algonquin Power & Utilities Corp (TSX-AQN, NTSE-AQN) ... learn more. Next, I will write about Goeasy Ltd (TSX-GSY, OTC-EHMEF) ... learn more on Wednesday, June 14, 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.
| From | Years | Div. Gth | Tot Ret | Cap Gain | Div. |
|---|---|---|---|---|---|
| 2017 | 5 | 7.02% | 5.00% | -0.32% | 5.32% |
| 2012 | 10 | 5.49% | 7.46% | 2.30% | 5.16% |
| 2007 | 15 | 5.23% | 2.20% | -1.53% | 3.72% |
| 2002 | 20 | 8.37% | 7.57% | 2.89% | 4.67% |
| 1997 | 25 | 9.50% | 7.97% | 3.71% | 4.26% |
| 1992 | 30 | 10.96% | 12.89% | 7.27% | 5.62% |
| 1987 | 34 | 9.80% | 10.83% | 6.46% | 4.37% |
However, I personally have not lost faith in this company. The reason being that it has produced nice dividend income for me. I have data for this company going back 35 years and of those years, the company has raised dividends 26 times or 75% of the time. They have never cut their dividends over those 35 years.
I currently live of dividends, so I have not been displeased with this company. I came from Power Financial before it was amalgamated with Power Corp. I bought Power Financial some 21 years ago. Over these 21 years, I have received over $75,000 in dividends.
So, there are some good reasons why this company is on dividend investing lists, such as the Money Sense list and the Aristocrats list.
On my other blog I wrote yesterday about Algonquin Power & Utilities Corp (TSX-AQN, NTSE-AQN) ... learn more. Next, I will write about Goeasy Ltd (TSX-GSY, OTC-EHMEF) ... learn more on Wednesday, June 14, 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, June 8, 2023
Something to Buy June 2023
Sorry, but I ran out of time to publish on Thursday. Too many social engagements. I do not want to rush publishing because that is how you make mistakes.
There is always something to buy in the stock market. On Tuesday, I put out a list of the stocks that I covered and showed what stock might be a good deal based on dividend yield. Now I am trying to categorize what sorts of stocks may be a good deal based on dividend yield. The dividend yield test in this note is a quick way of finding possible stock buys. See my Spreadsheet .
The advantages to using dividend yield to judge how cheap or expensive a stock is, is that you are not using estimates or old data (like last reported quarter's data). You are using today's stock price and today's dividend yield. However, this is just a place to start. It is a good idea to check the stock price with other tests, especially the P/S Ratio test. For other testing, like P/E Ratios, P/S Ratios, P/CF Ratios, P/BV Ratios and Price/Graham Price Ratios, you use estimates or data from the last reported financial quarter.
If a stock is showing as a buy using the dividend yield test, I usually like to verify it is a buy by doing a P/S Ratio test. Here you compare the current P/S Ratio to the 10 year median P/S Ratio. If the current P/S Ratio is lower than the 10 year median, then the stock is a buy. I note that Morningstar gives a current P/S Ratio. The 10 year median ratio is shown in my review of a stock. The 10 year median ratio in a review is good for one year from the date of review.
This historical dividend yield test does not work well for old Income Trust companies. These companies had quite high Dividend Yields which will probably never be seen again. So, I started a column called VT (for Valid Test) and this applies to checking stock price using dividend yield. If it is not a valid test, I use N to show this. For these stocks, you might be better comparing the current dividend yield to the 10 year median dividend yield.
However, no system is perfect. But if you are interested in buying a stock a list of stocks cheap or reasonable using dividend yield data might be a good place to start.
Categorizing stocks is not as simple as it might seem. Every site you go to has categorized stocks a bit differently. I try to keep this as simple as possible. See Something to Buy June 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. Two of these stocks (15%) are showing as cheap by the historically high dividend yield. They are Canadian Tire Corp (TSX-CTC.A, OTC-CDNAF), and Magna International Inc. (TSX-MG, NYSE-MGA). There is no change from last month.
Eleven (55%) 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), and Stingray Digital Group Inc (TSX-RAY.A). K-Bro Linen Inc (TSX-KBL, OTC-KBRLF) has been removed from this list.
I follow 12 Consumer Staples stocks. One stock (8%) is showing as cheap by the historically high dividend yield. It is Maple Leaf Foods Inc (TSX-MFI, OTC-MLFNF), It is Lassonde Industries (TSX-LAS.A, OTC-LSDAF) has been removed from this list and Maple Leaf Foods Inc (TSX-MFI, OTC-MLFNF) has been added.
Eight stocks (67%) are showing cheap by historical median dividend yield. These are Alimentation Couche-Tard (TSX-ATD.B, OTC-ANCUF), Andrew Peller Ltd (TSX-ADW.A, OTC-ADWPF), Empire Company Ltd (TSX-EMP.A, OTC-EMLAF), KP Tissue Inc (TSX-KPT, NYSE-KPTSF), 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). Lassonde Industries (TSX-LAS.A, OTC-LSDAF) has been removed from this list. Loblaw Companies (TSX-L, OTC-LBLCF) has been added to this list..
I follow Six Health Care stocks. Three of these stocks (50%) are showing as cheap by the historically high dividend yield. They are HLS Therapeutics Inc (TSX-HLS, OTC-HLTRF), Medtronic PCL (NYSE-MDT), Neighbourly Pharmacy Inc (TSX-NBLY, OTC-none). There is no change from last month.
Six stocks (100%) are cheap by the historical median dividend yield. The stocks are Chartwell Retirement Residences (TSX-CSH.UN, NYSE-CWSRF), HLS Therapeutics Inc (TSX-HLS, OTC-HLTRF), Johnson and Johnson (NYSE-JNJ), Medtronic Inc. (NYSE-MDT), Neighbourly Pharmacy Inc (TSX-NBLY, OTC-none), and Sienna Senior Living Inc (TSX-SIA, OTC-LWSCF). There is no change from last month.
I follow 9 Energy stocks. One stock (11%) is showing as cheap by the historical high dividend yield. It is Suncor Energy (TSX-SU, NYSE-SU). Suncor Energy (TSX-SU, NYSE-SU) has been added to this list.
There are Five stocks (56%) showing as cheap by historical median dividend yield. They are Canadian Natural Resources (TSX-CNQ, NYSE-CNQ), Cenovus Energy Inc (TSX-CVE, NYSE-CVE), Mullen Group (TSX-MTL, OTC-MLLGF), Ovintiv Inc (TSX-OVV, OTC-OVV), and Suncor Energy (TSX-SU, NYSE-SU). There is no change from last month.
I follow 26 Financial stocks under the categories of Banks (8), Financial Services (13), and Insurance (5).
I follow 8 Bank stocks. None of these stocks (0%) are showing as cheap by the historically high dividend yield. There is no change from last month.
Eight stocks (100%) are showing as cheap by historical median dividend yield. They are Bank of Montreal (TSX-BMO, NYSE-BMO), Bank of Nova Scotia (TSX-BNS, NYSE-BNS), Barclays PLC (LSE-BARC, NYSE-BCS), Canadian Imperial Bank of Commerce (TSX-CM, NYSE-CM), Home Capital Group (TSX-HCG, OTC-HMCBF), National Bank of Canada (TSX-NA, OTC-NTIOF), and Royal Bank of Canada (TSX-RY, NYSE-RY) and Toronto Dominion Bank (TSX-TD, NYSE-TD). Bank of Montreal (TSX-BMO, NYSE-BMO), National Bank of Canada (TSX-NA, OTC-NTIOF), and Royal Bank of Canada (TSX-RY, NYSE-RY) have been added back to this list.
I follow 13 Financial Service stocks. None of these stocks (0%) are showing as cheap by the historically high dividend yield. There is no change from last month.
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 32 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 (17).
I have 7 Construction stocks. One stock (14%) is showing as cheap by the historically high dividend yield. It is Aecon Group Inc (TSX-ARE, OTC-AEGXF). There is no change from last month.
One stock (14%) is showing as cheap by historical median dividend yield. It is Aecon Group Inc (TSX-ARE, OTC-AEGXF). 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 17 Services stocks. One of these stocks (6.25%) is showing as cheap by the historically high dividend yield. It is Titanium Transportation Group Inc (TSX-TTR, OTC-TTTGF). There is no change from last month.
Ten stock (59%) are showing as cheap by historical median dividend yield. They are Algoma Central Corporation (TSX-ALC, OTC-AGMJF), Canadian National Railway (TSX-CNR, NYSE-CNI), Parkland Fuel Corp (TSX-PKI, OTC-PKIUF), Pason Systems Inc (TSX-PSI, OTC-PSYTF), Pulse Seismic Inc. (TSX-PSD, OTC-PLSDF), RB Global Inc (TSX-RBA, NYSE-RBA), 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. Note that Ritchie Bros Auctioneers Inc is now RB Global Inc.
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). Agnico Eagle Mines Ltd (TSX-AEM, NYSE-AEM) has been added back to this list.
Three stock (30%) are showing as cheap by historical median dividend yield. The stocks are 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 removed from this list.
I follow 10 Real Estate stocks. No stocks (0%) are showing as cheap by historically high dividend yield. There is no change from last month.
Six stocks (60%) 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), First Capital REIT (TSX-FCR.UN, OTC-FCXXF), Granite REIT (TSX-GRT.UN, NYSE-GRP.U), Melcor Developments Inc. (TSX-MRD, OTC-MODVF), and SmartCentres REIT (TSX-SRU.UN, OTC-CWYUF). Granite REIT (TSX-GRT.UN, NYSE-GRP.U) has been added to this list.
I follow 2 of the Telecom Service stocks. None of the stocks (0%) are showing as cheap by historically high dividend yield. There is no change from last month.
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). Shaw Communications Inc (TSX-SJR.B, NYSE-SJR) has been removed as it was bought out.
I follow 9 Tech stocks. Maxar Technologies Ltd (TSX-MAXR, NYSE-MAXR) has been bought out. One stock (10%) is showing as cheap by historical high dividend yield. It is Evertz Technologies (TSX-ET, OTC-EVTZF). There is no change from last month.
Four stock (44%) are showing cheap by historical median dividend yield. They are Enghouse Systems Limited (TSX-ENGH, OTC-EGHSF), Evertz Technologies (TSX-ET, OTC-EVTZF), Quarterhaill Inc (TSX-QTRH, OTC-QTRHF) and Sylogist Ltd (TSXV-SYZ, OTC-SYZLF). There is no change from last month.
I follow 8 of the Infrastructure Type utility companies. One of the stocks (12.5%) is showing as cheap by historical high dividend yield. It is TC Energy Corp (TSX-TRP, NYSE-TRP). There is no change from last month.
Three stocks (38%) are showing cheap by historical median dividend yield. They are Enbridge Inc. (TSX-ENB, NYSE-ENB), Keyera Corp (TSX-KEY, OTC-KEYUF), and TC Energy Corp (TSX-TRP, NYSE-TRP). There is no change from last month.
I follow 8 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). ATCO Ltd (TSX-ACO.X, OTC-ACLLF) has been added back to this list.
Four stocks (63%) are showing as cheap by historical median dividend yield. Those stocks are ATCO Ltd (TSX-ACO.X, OTC-ACLLF), Canadian Utilities Ltd (TSX-CU, OTC-CDUAF), Emera Inc (TSX-EMA, OTC-EMRAF), and Fortis Inc (TSX-FTS, OTC-FRTSF). There is no change from last month.
On my other blog I wrote yesterday about Adentra Inc (TSX-ADEN, OTC- HDIUF) ... learn more. Next, I will write about Ensign Energy Services (TSX-ESI, OTC-ESVIF) ... learn more on Friday, June 9, 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.
There is always something to buy in the stock market. On Tuesday, I put out a list of the stocks that I covered and showed what stock might be a good deal based on dividend yield. Now I am trying to categorize what sorts of stocks may be a good deal based on dividend yield. The dividend yield test in this note is a quick way of finding possible stock buys. See my Spreadsheet .
The advantages to using dividend yield to judge how cheap or expensive a stock is, is that you are not using estimates or old data (like last reported quarter's data). You are using today's stock price and today's dividend yield. However, this is just a place to start. It is a good idea to check the stock price with other tests, especially the P/S Ratio test. For other testing, like P/E Ratios, P/S Ratios, P/CF Ratios, P/BV Ratios and Price/Graham Price Ratios, you use estimates or data from the last reported financial quarter.
If a stock is showing as a buy using the dividend yield test, I usually like to verify it is a buy by doing a P/S Ratio test. Here you compare the current P/S Ratio to the 10 year median P/S Ratio. If the current P/S Ratio is lower than the 10 year median, then the stock is a buy. I note that Morningstar gives a current P/S Ratio. The 10 year median ratio is shown in my review of a stock. The 10 year median ratio in a review is good for one year from the date of review.
This historical dividend yield test does not work well for old Income Trust companies. These companies had quite high Dividend Yields which will probably never be seen again. So, I started a column called VT (for Valid Test) and this applies to checking stock price using dividend yield. If it is not a valid test, I use N to show this. For these stocks, you might be better comparing the current dividend yield to the 10 year median dividend yield.
However, no system is perfect. But if you are interested in buying a stock a list of stocks cheap or reasonable using dividend yield data might be a good place to start.
Categorizing stocks is not as simple as it might seem. Every site you go to has categorized stocks a bit differently. I try to keep this as simple as possible. See Something to Buy June 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. Two of these stocks (15%) are showing as cheap by the historically high dividend yield. They are Canadian Tire Corp (TSX-CTC.A, OTC-CDNAF), and Magna International Inc. (TSX-MG, NYSE-MGA). There is no change from last month.
Eleven (55%) 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), and Stingray Digital Group Inc (TSX-RAY.A). K-Bro Linen Inc (TSX-KBL, OTC-KBRLF) has been removed from this list.
I follow 12 Consumer Staples stocks. One stock (8%) is showing as cheap by the historically high dividend yield. It is Maple Leaf Foods Inc (TSX-MFI, OTC-MLFNF), It is Lassonde Industries (TSX-LAS.A, OTC-LSDAF) has been removed from this list and Maple Leaf Foods Inc (TSX-MFI, OTC-MLFNF) has been added.
Eight stocks (67%) are showing cheap by historical median dividend yield. These are Alimentation Couche-Tard (TSX-ATD.B, OTC-ANCUF), Andrew Peller Ltd (TSX-ADW.A, OTC-ADWPF), Empire Company Ltd (TSX-EMP.A, OTC-EMLAF), KP Tissue Inc (TSX-KPT, NYSE-KPTSF), 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). Lassonde Industries (TSX-LAS.A, OTC-LSDAF) has been removed from this list. Loblaw Companies (TSX-L, OTC-LBLCF) has been added to this list..
I follow Six Health Care stocks. Three of these stocks (50%) are showing as cheap by the historically high dividend yield. They are HLS Therapeutics Inc (TSX-HLS, OTC-HLTRF), Medtronic PCL (NYSE-MDT), Neighbourly Pharmacy Inc (TSX-NBLY, OTC-none). There is no change from last month.
Six stocks (100%) are cheap by the historical median dividend yield. The stocks are Chartwell Retirement Residences (TSX-CSH.UN, NYSE-CWSRF), HLS Therapeutics Inc (TSX-HLS, OTC-HLTRF), Johnson and Johnson (NYSE-JNJ), Medtronic Inc. (NYSE-MDT), Neighbourly Pharmacy Inc (TSX-NBLY, OTC-none), and Sienna Senior Living Inc (TSX-SIA, OTC-LWSCF). There is no change from last month.
I follow 9 Energy stocks. One stock (11%) is showing as cheap by the historical high dividend yield. It is Suncor Energy (TSX-SU, NYSE-SU). Suncor Energy (TSX-SU, NYSE-SU) has been added to this list.
There are Five stocks (56%) showing as cheap by historical median dividend yield. They are Canadian Natural Resources (TSX-CNQ, NYSE-CNQ), Cenovus Energy Inc (TSX-CVE, NYSE-CVE), Mullen Group (TSX-MTL, OTC-MLLGF), Ovintiv Inc (TSX-OVV, OTC-OVV), and Suncor Energy (TSX-SU, NYSE-SU). There is no change from last month.
I follow 26 Financial stocks under the categories of Banks (8), Financial Services (13), and Insurance (5).
I follow 8 Bank stocks. None of these stocks (0%) are showing as cheap by the historically high dividend yield. There is no change from last month.
Eight stocks (100%) are showing as cheap by historical median dividend yield. They are Bank of Montreal (TSX-BMO, NYSE-BMO), Bank of Nova Scotia (TSX-BNS, NYSE-BNS), Barclays PLC (LSE-BARC, NYSE-BCS), Canadian Imperial Bank of Commerce (TSX-CM, NYSE-CM), Home Capital Group (TSX-HCG, OTC-HMCBF), National Bank of Canada (TSX-NA, OTC-NTIOF), and Royal Bank of Canada (TSX-RY, NYSE-RY) and Toronto Dominion Bank (TSX-TD, NYSE-TD). Bank of Montreal (TSX-BMO, NYSE-BMO), National Bank of Canada (TSX-NA, OTC-NTIOF), and Royal Bank of Canada (TSX-RY, NYSE-RY) have been added back to this list.
I follow 13 Financial Service stocks. None of these stocks (0%) are showing as cheap by the historically high dividend yield. There is no change from last month.
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 32 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 (17).
I have 7 Construction stocks. One stock (14%) is showing as cheap by the historically high dividend yield. It is Aecon Group Inc (TSX-ARE, OTC-AEGXF). There is no change from last month.
One stock (14%) is showing as cheap by historical median dividend yield. It is Aecon Group Inc (TSX-ARE, OTC-AEGXF). 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 17 Services stocks. One of these stocks (6.25%) is showing as cheap by the historically high dividend yield. It is Titanium Transportation Group Inc (TSX-TTR, OTC-TTTGF). There is no change from last month.
Ten stock (59%) are showing as cheap by historical median dividend yield. They are Algoma Central Corporation (TSX-ALC, OTC-AGMJF), Canadian National Railway (TSX-CNR, NYSE-CNI), Parkland Fuel Corp (TSX-PKI, OTC-PKIUF), Pason Systems Inc (TSX-PSI, OTC-PSYTF), Pulse Seismic Inc. (TSX-PSD, OTC-PLSDF), RB Global Inc (TSX-RBA, NYSE-RBA), 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. Note that Ritchie Bros Auctioneers Inc is now RB Global Inc.
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). Agnico Eagle Mines Ltd (TSX-AEM, NYSE-AEM) has been added back to this list.
Three stock (30%) are showing as cheap by historical median dividend yield. The stocks are 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 removed from this list.
I follow 10 Real Estate stocks. No stocks (0%) are showing as cheap by historically high dividend yield. There is no change from last month.
Six stocks (60%) 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), First Capital REIT (TSX-FCR.UN, OTC-FCXXF), Granite REIT (TSX-GRT.UN, NYSE-GRP.U), Melcor Developments Inc. (TSX-MRD, OTC-MODVF), and SmartCentres REIT (TSX-SRU.UN, OTC-CWYUF). Granite REIT (TSX-GRT.UN, NYSE-GRP.U) has been added to this list.
I follow 2 of the Telecom Service stocks. None of the stocks (0%) are showing as cheap by historically high dividend yield. There is no change from last month.
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). Shaw Communications Inc (TSX-SJR.B, NYSE-SJR) has been removed as it was bought out.
I follow 9 Tech stocks. Maxar Technologies Ltd (TSX-MAXR, NYSE-MAXR) has been bought out. One stock (10%) is showing as cheap by historical high dividend yield. It is Evertz Technologies (TSX-ET, OTC-EVTZF). There is no change from last month.
Four stock (44%) are showing cheap by historical median dividend yield. They are Enghouse Systems Limited (TSX-ENGH, OTC-EGHSF), Evertz Technologies (TSX-ET, OTC-EVTZF), Quarterhaill Inc (TSX-QTRH, OTC-QTRHF) and Sylogist Ltd (TSXV-SYZ, OTC-SYZLF). There is no change from last month.
I follow 8 of the Infrastructure Type utility companies. One of the stocks (12.5%) is showing as cheap by historical high dividend yield. It is TC Energy Corp (TSX-TRP, NYSE-TRP). There is no change from last month.
Three stocks (38%) are showing cheap by historical median dividend yield. They are Enbridge Inc. (TSX-ENB, NYSE-ENB), Keyera Corp (TSX-KEY, OTC-KEYUF), and TC Energy Corp (TSX-TRP, NYSE-TRP). There is no change from last month.
I follow 8 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). ATCO Ltd (TSX-ACO.X, OTC-ACLLF) has been added back to this list.
Four stocks (63%) are showing as cheap by historical median dividend yield. Those stocks are ATCO Ltd (TSX-ACO.X, OTC-ACLLF), Canadian Utilities Ltd (TSX-CU, OTC-CDUAF), Emera Inc (TSX-EMA, OTC-EMRAF), and Fortis Inc (TSX-FTS, OTC-FRTSF). There is no change from last month.
On my other blog I wrote yesterday about Adentra Inc (TSX-ADEN, OTC- HDIUF) ... learn more. Next, I will write about Ensign Energy Services (TSX-ESI, OTC-ESVIF) ... learn more on Friday, June 9, 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, June 6, 2023
Dividend Stocks June 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 June 2023. On this list,
ARC Resources Ltd (TSX-ARX, OTC-AETUF)
Bank of Montreal (TSX-BMO, NYSE-BMO)
Bank of Nova Scotia (TSX-BNS, NYSE-BNS)
Canadian Imperial Bank of Commerce (TSX-CM, NYSE-CM)
EQB Inc (TSX-EQB, OTC-EQGPF)
Finning International Inc (TSX-FTT, OTC-FINGF)
Hydro One Ltd. (TSX-H, OTC-HRNNF)
IA Financial Corp (TSX-IAG, OTC-IDLLF)
Loblaw Companies (TSX-L, OTC-LBLCF)
Medtronic PCL (NYSE-MDT)
National Bank of Canada (TSX-NA, OTC-NTIOF)
Pembina Pipeline Corp (TSX-PPL, NYSE-PBA)
Pulse Seismic Inc. (TSX-PSD, OTC-PLSDF)
Royal Bank of Canada (TSX-RY, NYSE-RY)
Russel Metals (TSX-RUS, OTC-RUSMF)
Sun Life Financial (TSX-SLF, NYSE-SLF)
Telus Corp (TSX-T, NYSE-TU)
Of the stocks I follow, 1 stock has cut their dividends.
Lassonde Industries (TSX-LAS.A, OTC-LSDAF)
Of the stocks I follow, 0 stocks have suspended or terminated their dividend. News. Maxar Technologies Ltd (TSX -MAXR, NYSE-MAXR) has been acquired by Advent International. See the news item on Space News.
Of the stocks I follow, the following declined the most in their stock price. Of the stocks I follow, 63.82% had declining stock prices.
Of the stock that I follow, these stocks gained the most in their stock price. Of the stock I follow, 34.87% had increasing stock price. And, 1.32% of the stock retained the same stock price as last month.
Most of my stocks started out as Dividend Payers. Currently 10 stocks are not paying any dividends and this would be some 6.61% of the stocks that I follow. Three of these stocks never had dividends, so 4.58% 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 IA Financial Corp (TSX-IAG, OTC-IDLLF) ... learn more. Next, I will write about Adentra Inc (TSX-ADEN, OTC- HDIUF) ... learn more on Wednesday, June 7, 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 June 2023. On this list,
- I have 12 stocks with a dividend yield higher than the historical high dividend yield,
- I have 87 stocks with a dividend yield higher than the historical median dividend yield
- I have 9 stocks with a dividend yield higher than the 10 year high dividend yield and
- 89 stocks with a dividend yield higher than the 10 year average dividend yield.
- I have 10 stocks with a dividend yield higher than the historical high dividend yield,
- I have 86 stocks with a dividend yield higher than the historical median dividend yield
- I have 8 stocks with a dividend yield higher than the 10 year high dividend yield and
- 93 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.
ARC Resources Ltd (TSX-ARX, OTC-AETUF)
Bank of Montreal (TSX-BMO, NYSE-BMO)
Bank of Nova Scotia (TSX-BNS, NYSE-BNS)
Canadian Imperial Bank of Commerce (TSX-CM, NYSE-CM)
EQB Inc (TSX-EQB, OTC-EQGPF)
Finning International Inc (TSX-FTT, OTC-FINGF)
Hydro One Ltd. (TSX-H, OTC-HRNNF)
IA Financial Corp (TSX-IAG, OTC-IDLLF)
Loblaw Companies (TSX-L, OTC-LBLCF)
Medtronic PCL (NYSE-MDT)
National Bank of Canada (TSX-NA, OTC-NTIOF)
Pembina Pipeline Corp (TSX-PPL, NYSE-PBA)
Pulse Seismic Inc. (TSX-PSD, OTC-PLSDF)
Royal Bank of Canada (TSX-RY, NYSE-RY)
Russel Metals (TSX-RUS, OTC-RUSMF)
Sun Life Financial (TSX-SLF, NYSE-SLF)
Telus Corp (TSX-T, NYSE-TU)
Of the stocks I follow, 1 stock has cut their dividends.
Lassonde Industries (TSX-LAS.A, OTC-LSDAF)
Of the stocks I follow, 0 stocks have suspended or terminated their dividend. News. Maxar Technologies Ltd (TSX -MAXR, NYSE-MAXR) has been acquired by Advent International. See the news item on Space News.
Of the stocks I follow, the following declined the most in their stock price. Of the stocks I follow, 63.82% had declining stock prices.
| Name | Exch | Sym | Exch | Sym | Chge SP |
|---|---|---|---|---|---|
| Reitmans (Canada) Ltd | TSX | RET.A | OTC | RTMAF | -35.21% |
| Goodfellow Inc | TSX | GDL | OTC | GFELF | -21.60% |
| Bombardier Inc. | TSX | BBD.B | OTC | BDRBF | -20.68% |
| Ballard Power Systems | TSX | BLDP | NASDAQ | BLDP | -20.56% |
| WildBrain Ltd | TSX | WILD | OTC | WLDBF | -15.00% |
| Blackberry Ltd. (RIM) | TSX | BB | NYSE | BB | -14.84% |
| Ensign Energy Services | TSX | ESI | OTC | ESVIF | -12.83% |
| Quarterhaill Inc | TSX | QTRH | OTC | QTRHF | -12.42% |
| HLS Therapeutics Inc | TSX | HLS | OTC | HLTRF | -11.11% |
| Superior Plus Corp. | TSX | SPB | OTC | SUUIF | -9.78% |
Of the stock that I follow, these stocks gained the most in their stock price. Of the stock I follow, 34.87% had increasing stock price. And, 1.32% of the stock retained the same stock price as last month.
| Name | Exch | Sym | Exch | Sym | Chge SP |
|---|---|---|---|---|---|
| EQB Inc | TSX | EQB | OTC | EQGPF | 12.60% |
| K-Bro Linen Inc | TSX | KBL | OTC | KBRLF | 13.56% |
| Dorel Industries | TSX | DII.B | OTC | DIIBF | 15.37% |
| Stella-Jones | TSX | SJ | OTC | STLJF | 15.69% |
| Element Fleet Mge. Corp | TSX | EFN | OTC | ELEEF | 15.97% |
| Goeasy Ltd | TSX | GSY | OTC | EHMEF | 17.71% |
| Lassonde Industries | TSX | LAS.A | OTC | LSDAF | 25.97% |
| Reitmans (Canada) Ltd | TSX | RET.A | OTC | RTMAF | 26.81% |
| Blackberry Ltd. (RIM) | TSX | BB | NYSE | BB | 35.42% |
| Logistec Corp | TSX | LGT.B | OTC | LTKBF | 42.73% |
Most of my stocks started out as Dividend Payers. Currently 10 stocks are not paying any dividends and this would be some 6.61% of the stocks that I follow. Three of these stocks never had dividends, so 4.58% 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 IA Financial Corp (TSX-IAG, OTC-IDLLF) ... learn more. Next, I will write about Adentra Inc (TSX-ADEN, OTC- HDIUF) ... learn more on Wednesday, June 7, 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, June 1, 2023
Best Dividend Stocks
Money Sense has re-released their Best Dividend Stock list dated April 27, 2023. They even make it easy to download their information.
On my other blog I wrote yesterday about Reitmans (Canada) Ltd (TSX-RET.A, OTC-RTMAF) ... learn more. Next, I will write about RB Global Inc (TSX-RBA, NYSE-RBA) ... learn more on Friday, June 2, 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 Reitmans (Canada) Ltd (TSX-RET.A, OTC-RTMAF) ... learn more. Next, I will write about RB Global Inc (TSX-RBA, NYSE-RBA) ... learn more on Friday, June 2, 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.
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