This is a very interesting article by Jared Dillian on Mauldin Economics site. It is mainly talking about the fact that if you believe that a trade will make you virtuous, you will be more willing to accept losses.
The other interesting thing in this article is about people being angry. He says:
"One thing I have noticed about the stock market… I have never made money on an angry trade. And you see this a lot—there are a lot of angry people in the stock market. Angry longs and angry shorts. These people never make money, and if they do, it is transitory. Only relaxed, confident, happy people make money in the stock market."
On my other blog I wrote yesterday about Boralex Inc (TSX-BLX, OTC- BRLXF) ... learn more. Next, I will write about High Liner Foods (TSX-HLF, OTC-HLNFF) ... learn more on Friday, September 1, 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, August 31, 2023
Tuesday, August 29, 2023
Growth Investing
In this article on Growth Investing with Philip Fisher Compounding Quality from Substack is interesting. This article talks about Philip Fisher’s 15 step approach to investing in the best growth companies.
On my other blog I wrote yesterday about Capital Power Corp (TSX-CPX, OTC-CPRHF) ... learn more. Next, I will write about Boralex Inc (TSX-BLX, OTC- BRLXF) ... learn more on Wednesday, August 30, 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 Capital Power Corp (TSX-CPX, OTC-CPRHF) ... learn more. Next, I will write about Boralex Inc (TSX-BLX, OTC- BRLXF) ... learn more on Wednesday, August 30, 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, August 24, 2023
Best Stocks for Income Investors
It is interesting that thisInsider Monkey article only gives the US symbols not the Canadian Symbols for these stocks. I have included the Canadian TSX symbol. Most are the same, but not all. Stocks covered are shown below. Read the article to see why they picked these stocks.
Thomson Reuters Corporation (TSX:TRI, NYSE:TRI)
Enbridge Inc. (TSX:EMB, NYSE:ENB)
Imperial Oil Limited (TSX:IMO, NYSE:IMO)
Agnico Eagle Mines Limited (TSX:AEM, NYSE:AEM)
Canadian National Railway Company (TSX:CNR, NYSE:CNI)
On my other blog I wrote yesterday about Exchange Income Corp (TSX-EIF, OTC-EIFZF) ... learn more. Next, I will write about ATCO Ltd (TSX-ACO.X, OTC-ACLLF) ... learn more on Friday, August 25, 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.
Thomson Reuters Corporation (TSX:TRI, NYSE:TRI)
Enbridge Inc. (TSX:EMB, NYSE:ENB)
Imperial Oil Limited (TSX:IMO, NYSE:IMO)
Agnico Eagle Mines Limited (TSX:AEM, NYSE:AEM)
Canadian National Railway Company (TSX:CNR, NYSE:CNI)
On my other blog I wrote yesterday about Exchange Income Corp (TSX-EIF, OTC-EIFZF) ... learn more. Next, I will write about ATCO Ltd (TSX-ACO.X, OTC-ACLLF) ... learn more on Friday, August 25, 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, August 22, 2023
Winners and Losers
When you invest directly in stocks, you are going to have winners and losers. Life happens and sometimes you are wrong about a company. You are not going to be right all the time about the companies you want to invest in.
However, what you want is to have more winners than losers. The thing is, if you do not do any short selling, all you can lose in investing in a stock is the money you invested. However, there is no limit to how much you can make on a good investment.
On my other blog I wrote yesterday about Alimentation Couche-Tard Inc (TSX-ATD, OTC-ANCUF) ... learn more. Next, I will write about Exchange Income Corp (TSX-EIF, OTC-EIFZF) ... learn more on Wednesday, August 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.
However, what you want is to have more winners than losers. The thing is, if you do not do any short selling, all you can lose in investing in a stock is the money you invested. However, there is no limit to how much you can make on a good investment.
On my other blog I wrote yesterday about Alimentation Couche-Tard Inc (TSX-ATD, OTC-ANCUF) ... learn more. Next, I will write about Exchange Income Corp (TSX-EIF, OTC-EIFZF) ... learn more on Wednesday, August 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.
Thursday, August 17, 2023
Investment Theory in Practice
J. Bradford Delong on Project Syndicate wrote an recent article on Investment Theory in Practice.
I believe in a well-diversified portfolio in stocks, which is what I have. I have been through several bear markets. Yes, there have been problems and some of my stocks did crash and burn, but overall, I did fine in the long term and my portfolio recovered after all the bear markets. I have been investing since 1974.
On my other blog I wrote yesterday about Aecon Group Inc (TSX-ARE, OTC-AEGXF) ... learn more. Next, I will write about Chemtrade Logistics Income Fund (TSX-CHE.UN, OTC-CGIFF) ... learn more on Friday, August 18 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 believe in a well-diversified portfolio in stocks, which is what I have. I have been through several bear markets. Yes, there have been problems and some of my stocks did crash and burn, but overall, I did fine in the long term and my portfolio recovered after all the bear markets. I have been investing since 1974.
On my other blog I wrote yesterday about Aecon Group Inc (TSX-ARE, OTC-AEGXF) ... learn more. Next, I will write about Chemtrade Logistics Income Fund (TSX-CHE.UN, OTC-CGIFF) ... learn more on Friday, August 18 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, August 15, 2023
Best Stocks New Canadians
In July, Savvy New Canadians says 13 best Canadian Stocks to buy. See the list below and read the article to find out why
Royal Bank of Canada
BCE Inc
Bank of Montreal
Shopify
Canadian National Railway
Canadian Natural Resources Ltd
Enbridge
Toronto Dominion Bank
Brookfield Asset Management
TC Energy
Canadian Pacific Railway
Scotiabank
Constellation Software Inc.
On my other blog I wrote yesterday about GFL Environmental Inc (TSX-GFL, NYSE-GFL) ... learn more. Next, I will write about Aecon Group Inc (TSX-ARE, OTC-AEGXF) ... learn more on Wednesday, August 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.
Royal Bank of Canada
BCE Inc
Bank of Montreal
Shopify
Canadian National Railway
Canadian Natural Resources Ltd
Enbridge
Toronto Dominion Bank
Brookfield Asset Management
TC Energy
Canadian Pacific Railway
Scotiabank
Constellation Software Inc.
On my other blog I wrote yesterday about GFL Environmental Inc (TSX-GFL, NYSE-GFL) ... learn more. Next, I will write about Aecon Group Inc (TSX-ARE, OTC-AEGXF) ... learn more on Wednesday, August 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.
Thursday, August 10, 2023
Best Stocks Stock Trades
In July, Stock Trades says 11 best Canadian Stocks to buy. They suggest the following stocks. Read their report to find out why.
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.
- Lightspeed Commerce (TSE:LSPD)
- Sunlife Financial (TSE:SLF)
- Shopify (TSE:SHOP)
- Telus (TSE:T)
- Parkland Fuels (TSE:PKI)
- Goeasy Ltd (TSE:GSY)
- Dollarama (TSE:DOL)
- TFI International (TSE:TFII)
- Loblaw (TSE:L)
- Canadian Natural Resources (TSE:CNQ)
- Royal Bank (TSE:RY)
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, August 8, 2023
Poor Spellers Help
I have always been a poor speller, mainly because I do not pronounce words properly. However, there is currently things you can do to correct your spelling. One of the current best is using Google Search. Google Search will generally spell words properly in context. So, if you enter a phrase around the word you want to spell, google will say – Do you mean and give the right spelling.
Prior to using google search to spell and sometime even now I use a word list book. I noticed that Amazon sells a later version of my Word Book. See Amazon . I may not know how to spell a word, but I will recognize it in a list.
The thing is, if you do not get the first 3 letters of a word right, you cannot find it in a dictionary. There is just too much stuff to look through. A word list can come in handy.
On my other blog I wrote yesterday about Evertz Technologies Ltd (TSX-ET, OTC-EVTZF) ... learn more. Next, I will write about Superior Plus Corp (TSX-SPB, OTC-SUUIF) ... learn more on Wednesday, August 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.
Prior to using google search to spell and sometime even now I use a word list book. I noticed that Amazon sells a later version of my Word Book. See Amazon . I may not know how to spell a word, but I will recognize it in a list.
The thing is, if you do not get the first 3 letters of a word right, you cannot find it in a dictionary. There is just too much stuff to look through. A word list can come in handy.
On my other blog I wrote yesterday about Evertz Technologies Ltd (TSX-ET, OTC-EVTZF) ... learn more. Next, I will write about Superior Plus Corp (TSX-SPB, OTC-SUUIF) ... learn more on Wednesday, August 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.
Thursday, August 3, 2023
Something to Buy August 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 August 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. One of these stocks (10%) are showing as cheap by the historically high dividend yield. It is Canadian Tire Corp (TSX-CTC.A, OTC-CDNAF). Magna International Inc. (TSX-MG, NYSE-MGA) has been removed from this list.
Nine (45%) of Consumer Discretionary are showing cheap by historical median dividend yield. They are 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), Magna International Inc. (TSX-MG, NYSE-MGA), Molson Coors Canada (TSX-TPX.B, NYSE-TAP), Richelieu Hardware Ltd (TSX-RCH, OTC-RHUHF), and Stingray Digital Group Inc (TSX-RAY.A). BRP Inc (TSX-DOO, NASDAQ-DOOO), and Linamar Corporation (TSX-LNR, OTC-LIMAF) have been removed from this list.
I follow 13 Consumer Staples stocks. One stocks (8%) is showing as cheap by the historically high dividend yield. It is Jamieson Wellness Inc (TSX-JWEL, OTC-JWLLF). Maple Leaf Foods Inc (TSX-MFI, OTC-MLFNF) has been removed from 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).
Lassonde Industries (TSX-LAS.A, OTC-LSDAF), and North West Company (TSX-NWC, OTC-NWTUF) have been removed from 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. No stock (0%) is showing as cheap by the historical high dividend yield. Suncor Energy (TSX-SU, NYSE-SU) has been removed from 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). There is no change from last month.
I follow 13 Financial Service stocks. None of these stocks (0%) are showing as cheap by the historically high dividend yield. There is no change from last month.
Nine stocks (69%) 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), 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). Element Fleet Management Corp (TSX-EFN, OTC-ELEEF) has been removed from this list.
I follow 5 Insurance stocks. None of these stocks (0%) are showing as cheap by the historically high dividend yield. There is no change from last month.
Four stocks (80%) are showing as cheap by historical median dividend yield. These stocks are Great-West Lifeco Inc. (TSX-GWO, OTC-GWLIF), IA Financial Corp (TSX-IAG, OTC-IDLLF), and Manulife Financial Corp (TSX-MFC, NYSE-MFC), Sun Life Financial (TSX-SLF, NYSE-SLF). There is no change from last month.
I follow 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. Two of these stocks (12%) 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 . Transcontinental Inc (TSX-TCL.A, OTC-TCLAF) 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). GFL Environmental Inc (TSX-GFL, NYSE , GFL) has been added to 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 Agnico Eagle Mines Ltd (TSX-AEM, NYSE-AEM), Barrick Gold Corp (TSX-ABX, NYSE-ABX), and Stella-Jones (TSX-SJ, OTC-STLJF). There is no change from last month.
I follow 10 Real Estate stocks. No stocks (0%) are showing as cheap by historically high dividend yield. There is no change from last month.
Five stocks (50%) 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), Melcor Developments Inc. (TSX-MRD, OTC-MODVF), and SmartCentres REIT (TSX-SRU.UN, OTC-CWYUF). Choice Properties REIT (TSX-CHP.UN, OTC-PPRQF) has been removed from this list.
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).
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 9 Tech stocks. No stock (0%) is showing as cheap by historical high dividend yield. Evertz Technologies (TSX-ET, OTC-EVTZF) has been removed from this list.
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), 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 and Enbridge Inc (TSX-ENB, NYSE-ENB) 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 except that I have now added Boralex Inc (TSX-BLX, OTC-BRLXF) on to this list as I am following it.
Five stocks (56%) 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), and Fortis Inc (TSX-FTS, OTC-FRTSF). There is no change from last month.
On my other blog I wrote yesterday about BlackBerry Ltd (TSX-BB, NYSE-BB) ... " target="_top" >learn more. Next, I will write about Andrew Peller Ltd (TSX-ADW.A, OTC-ADWPF) ... learn more on Friday, August 4, 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 August 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. One of these stocks (10%) are showing as cheap by the historically high dividend yield. It is Canadian Tire Corp (TSX-CTC.A, OTC-CDNAF). Magna International Inc. (TSX-MG, NYSE-MGA) has been removed from this list.
Nine (45%) of Consumer Discretionary are showing cheap by historical median dividend yield. They are 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), Magna International Inc. (TSX-MG, NYSE-MGA), Molson Coors Canada (TSX-TPX.B, NYSE-TAP), Richelieu Hardware Ltd (TSX-RCH, OTC-RHUHF), and Stingray Digital Group Inc (TSX-RAY.A). BRP Inc (TSX-DOO, NASDAQ-DOOO), and Linamar Corporation (TSX-LNR, OTC-LIMAF) have been removed from this list.
I follow 13 Consumer Staples stocks. One stocks (8%) is showing as cheap by the historically high dividend yield. It is Jamieson Wellness Inc (TSX-JWEL, OTC-JWLLF). Maple Leaf Foods Inc (TSX-MFI, OTC-MLFNF) has been removed from 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).
Lassonde Industries (TSX-LAS.A, OTC-LSDAF), and North West Company (TSX-NWC, OTC-NWTUF) have been removed from 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. No stock (0%) is showing as cheap by the historical high dividend yield. Suncor Energy (TSX-SU, NYSE-SU) has been removed from 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). There is no change from last month.
I follow 13 Financial Service stocks. None of these stocks (0%) are showing as cheap by the historically high dividend yield. There is no change from last month.
Nine stocks (69%) 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), 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). Element Fleet Management Corp (TSX-EFN, OTC-ELEEF) has been removed from this list.
I follow 5 Insurance stocks. None of these stocks (0%) are showing as cheap by the historically high dividend yield. There is no change from last month.
Four stocks (80%) are showing as cheap by historical median dividend yield. These stocks are Great-West Lifeco Inc. (TSX-GWO, OTC-GWLIF), IA Financial Corp (TSX-IAG, OTC-IDLLF), and Manulife Financial Corp (TSX-MFC, NYSE-MFC), Sun Life Financial (TSX-SLF, NYSE-SLF). There is no change from last month.
I follow 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. Two of these stocks (12%) 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 . Transcontinental Inc (TSX-TCL.A, OTC-TCLAF) 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). GFL Environmental Inc (TSX-GFL, NYSE , GFL) has been added to 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 Agnico Eagle Mines Ltd (TSX-AEM, NYSE-AEM), Barrick Gold Corp (TSX-ABX, NYSE-ABX), and Stella-Jones (TSX-SJ, OTC-STLJF). There is no change from last month.
I follow 10 Real Estate stocks. No stocks (0%) are showing as cheap by historically high dividend yield. There is no change from last month.
Five stocks (50%) 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), Melcor Developments Inc. (TSX-MRD, OTC-MODVF), and SmartCentres REIT (TSX-SRU.UN, OTC-CWYUF). Choice Properties REIT (TSX-CHP.UN, OTC-PPRQF) has been removed from this list.
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).
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 9 Tech stocks. No stock (0%) is showing as cheap by historical high dividend yield. Evertz Technologies (TSX-ET, OTC-EVTZF) has been removed from this list.
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), 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 and Enbridge Inc (TSX-ENB, NYSE-ENB) 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 except that I have now added Boralex Inc (TSX-BLX, OTC-BRLXF) on to this list as I am following it.
Five stocks (56%) 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), and Fortis Inc (TSX-FTS, OTC-FRTSF). There is no change from last month.
On my other blog I wrote yesterday about BlackBerry Ltd (TSX-BB, NYSE-BB) ... " target="_top" >learn more. Next, I will write about Andrew Peller Ltd (TSX-ADW.A, OTC-ADWPF) ... learn more on Friday, August 4, 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, August 1, 2023
Dividend Stocks August 2023
Today, I bought some more shares in HLS Therapeutics Inc (TSX-HLS, OTC-HLTRF) and Stingray Digital Group Inc (TSX-RAY.A). These are both small cap CDN Stocks with dividends. I bought them with my fooling around money in the TFSA. They are high risk and you should not buy them with money you cannot afford to lose.
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 August 2023.
On this list,
Of the stocks I follow, 0 stock has cut their dividends.
Of the stocks I follow, 0 stocks have suspended or terminated their dividend.
Note: Last month TD WebBroker said that both Barrick Gold Corp (TSX-ABX, NYSE-ABX) and Thomson Reuters Corp (TSX-TRI, NYSE-TRI) raised their dividends. I always check for a press release or information on the company’s web site for details. For both these companies, I can find nothing on any dividend increases, so there are no increases shown this month. This month, TD WebBroker only shows Thomson Reuters Corp (TSX-TRI, NYSE-TRI) with a dividend increase and no change from Barrick Gold Corp (TSX-ABX, NYSE-ABX). I still can find no increase for dividends for Thomson but they did a return of Capital recently.
Of the stocks I follow, the following declined the most in their stock price. Of the stocks I follow, 33% had declining stock prices.
Of the stock that I follow, these stocks gained the most in their stock price. Of the stock I follow, 65.58% had increasing stock price. And, 1.30% or 2 stocks are new so had the same stock price as last month.
Most of my stocks started out as Dividend Payers. Currently 9 stocks are not paying any dividends and this would be some 5.84% of the stocks that I follow. Three of these stocks never had dividends, so 3.90% 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 Stingray Digital Group Inc (TSX-RAY.A, OTC-NONE) ... learn more. Next, I will write about BlackBerry Ltd (TSX-BB, NYSE-BB) ... learn more on Wednesday, August 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 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.
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 August 2023.
On this list,
- I have 13 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 13 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 13 stocks with a dividend yield higher than the historical high dividend yield,
- I have 91 stocks with a dividend yield higher than the historical median dividend yield
- I have 12 stocks with a dividend yield higher than the 10 year high dividend yield and
- 95 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.
Of the stocks I follow, 0 stock has cut their dividends.
Of the stocks I follow, 0 stocks have suspended or terminated their dividend.
Note: Last month TD WebBroker said that both Barrick Gold Corp (TSX-ABX, NYSE-ABX) and Thomson Reuters Corp (TSX-TRI, NYSE-TRI) raised their dividends. I always check for a press release or information on the company’s web site for details. For both these companies, I can find nothing on any dividend increases, so there are no increases shown this month. This month, TD WebBroker only shows Thomson Reuters Corp (TSX-TRI, NYSE-TRI) with a dividend increase and no change from Barrick Gold Corp (TSX-ABX, NYSE-ABX). I still can find no increase for dividends for Thomson but they did a return of Capital recently.
Of the stocks I follow, the following declined the most in their stock price. Of the stocks I follow, 33% had declining stock prices.
| Name | Exch | Sym | Exch | Sym | Chge SP |
|---|---|---|---|---|---|
| TC Energy Corp | TSX | TRP | NYSE | TRP | -15.48% |
| Aecon Group Inc | TSX | ARE | OTC | AEGXF | -12.45% |
| GFL Environmental Inc | TSX | GFL | NYSE | GFL | -11.39% |
| Transcontinental Inc | TSX | TCL.A | OTC | TCLAF | -10.64% |
| Sylogist Ltd | TSXV | SYZ | OTC | SYZLF | -9.07% |
| Telus Corp | TSX | T | NYSE | TU | -8.38% |
| Saputo Inc | TSX | SAP | OTC | SAPIF | -6.67% |
| Northland Power Inc | TSX | NPI | OTC | NPIFF | -6.48% |
| Enghouse Systems | TSX | ENGH | OTC | EGHSF | -5.96% |
| BCE Inc | TSX | BCE | NYSE | BCE | -5.56% |
Of the stock that I follow, these stocks gained the most in their stock price. Of the stock I follow, 65.58% had increasing stock price. And, 1.30% or 2 stocks are new so had the same stock price as last month.
| Name | Exch | Sym | Exch | Sym | Chge SP |
|---|---|---|---|---|---|
| Badger Infrastructure | TSX | BDGI | OTC | BADFF | 17.21% |
| Obsidian Energy Ltd | TSX | OBE | NYSE | OBE | 17.55% |
| Pason Systems Inc. | TSX | PSI | OTC | PSYTF | 18.10% |
| Goodfellow Inc | TSX | GDL | OTC | GFELF | 18.27% |
| Ovintiv Inc | TSX | OVV | OTC | OVV | 18.48% |
| Crescent Point Energy | TSX | CPG | NYSE | CPG | 18.95% |
| Lassonde Industries | TSX | LAS.A | OTC | LSDAF | 19.50% |
| Hammond Power | TSX | HPS.A | OTC | HMDPF | 19.81% |
| Dorel Industries | TSX | DII.B | OTC | DIIBF | 24.84% |
| Ensign Energy Services | TSX | ESI | OTC | ESVIF | 29.63% |
Most of my stocks started out as Dividend Payers. Currently 9 stocks are not paying any dividends and this would be some 5.84% of the stocks that I follow. Three of these stocks never had dividends, so 3.90% 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 Stingray Digital Group Inc (TSX-RAY.A, OTC-NONE) ... learn more. Next, I will write about BlackBerry Ltd (TSX-BB, NYSE-BB) ... learn more on Wednesday, August 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 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.
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