Money Sense has a good article on making a plan for retirement. This article is here . This site always has good articles on investing and retirement.
On my other blog I wrote yesterday about BRP Inc (TSX-DOO, OTC-DOOO) ... learn more. Next, I will write about Linamar Corporation (TSX-LNR, OTC-LIMAF) ... learn more on Friday, September 29, 2023 around 5 pm.
This blog is meant for educational purposes only and is not to provide investment advice. I am not a licensed professional investment advisor. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.
See my site for an index to these blog entries and for stocks followed. I have three blogs. The first talks only about specific stocks and is called Investment Talk. The second one contains information on mostly investing and is called Investing Economics Mostly. My last blog is for my book reviews and it is called Non-Fiction Mostly. Follow me on Twitter. I am on Instagram. Or you can just Google #walktoronto spbrunner8166 to see my pictures.
Thursday, September 28, 2023
Monday, September 25, 2023
Yield and Cost Covered
On some of my stock spreadsheets I look at different things. For Great-West Lifeco Inc (TSX-GWO, OTC-GWLIF) I looked at current yield and cost coverage if you invested in this stock 5 to 30 years ago. Below is what I found out from my Great-West Lifeco spreadsheet. Whether it applies to other companies, I do not know.
On my spreadsheet for Great-West Lifeco Inc, I calculated the what the yield is at the end of 2022 after 5 to 30 years if someone had invested at the High, Median or Low price 5 to 30 years ago. The yields go lower at the 15 year mark because the stock price hit a peak in 2007. For this particular stock there is not a lot of difference. Look at year 20, after 20 years the difference in the yield after 20 years is from high price to low price is from 11.75% to 12.05%.
I also looked at the percentage of the purchase price would be paid after 5 to 30 years if you paid the high, median, or low price 5 to 30 years ago. It only seems to start to make a real difference after 25 years.
If we look to the future, and assume that you recently bought this stock at the recent price of $40.67 and that dividends increases at the current 5 year rate per year of 5.95%, then in 5 years’ time, your dividend would be $2.78, your yield would be 6.83% on your original price ($40.67) and your dividend cost coverage of your original price would be 91.59%.
On my other blog I wrote yesterday about K-Bro Linen Inc (TSX-KBL, OTC-KBRLF) ... learn more. Next, I will write about BRP Inc (TSX-DOO, OTC-DOOO) ... learn more on Wednesday, September 27, 2023 around 5 pm.
This blog is meant for educational purposes only and is not to provide investment advice. I am not a licensed professional investment advisor. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.
See my site for an index to these blog entries and for stocks followed. I have three blogs. The first talks only about specific stocks and is called Investment Talk. The second one contains information on mostly investing and is called Investing Economics Mostly. My last blog is for my book reviews and it is called Non-Fiction Mostly. Follow me on Twitter. I am on Instagram. Or you can just Google #walktoronto spbrunner8166 to see my pictures.
On my spreadsheet for Great-West Lifeco Inc, I calculated the what the yield is at the end of 2022 after 5 to 30 years if someone had invested at the High, Median or Low price 5 to 30 years ago. The yields go lower at the 15 year mark because the stock price hit a peak in 2007. For this particular stock there is not a lot of difference. Look at year 20, after 20 years the difference in the yield after 20 years is from high price to low price is from 11.75% to 12.05%.
| Year | No. Yrs | High Price | Med Price | Low Price |
|---|---|---|---|---|
| 2017 | 5 | 5.19% | 5.52% | 5.88% |
| 2012 | 10 | 7.84% | 8.75% | 9.89% |
| 2007 | 15 | 5.25% | 5.61% | 6.03% |
| 2002 | 20 | 11.75% | 11.90% | 12.05% |
| 1997 | 25 | 20.10% | 26.59% | 39.28% |
| 1992 | 30 | 103.64% | 111.48% | 120.62% |
I also looked at the percentage of the purchase price would be paid after 5 to 30 years if you paid the high, median, or low price 5 to 30 years ago. It only seems to start to make a real difference after 25 years.
| Year | No. Yrs | High Price | Med Price | Low Price |
|---|---|---|---|---|
| 2017 | 5 | 23.12% | 24.55% | 26.18% |
| 2012 | 10 | 61.36% | 68.45% | 77.40% |
| 2007 | 15 | 57.44% | 61.44% | 66.03% |
| 2002 | 20 | 152.91% | 154.86% | 156.86% |
| 1997 | 25 | 278.74% | 368.76% | 544.64% |
| 1992 | 30 | 1469.53% | 1580.80% | 1710.31% |
If we look to the future, and assume that you recently bought this stock at the recent price of $40.67 and that dividends increases at the current 5 year rate per year of 5.95%, then in 5 years’ time, your dividend would be $2.78, your yield would be 6.83% on your original price ($40.67) and your dividend cost coverage of your original price would be 91.59%.
| Div Pd | Div Yield | Years | At IRR | Div Cov |
|---|---|---|---|---|
| $2.78 | 6.83% | 5 | 5.95% | 91.59% |
| $3.71 | 9.12% | 10 | 5.95% | 78.26% |
| $4.95 | 12.17% | 15 | 5.95% | 326.44% |
On my other blog I wrote yesterday about K-Bro Linen Inc (TSX-KBL, OTC-KBRLF) ... learn more. Next, I will write about BRP Inc (TSX-DOO, OTC-DOOO) ... learn more on Wednesday, September 27, 2023 around 5 pm.
This blog is meant for educational purposes only and is not to provide investment advice. I am not a licensed professional investment advisor. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.
See my site for an index to these blog entries and for stocks followed. I have three blogs. The first talks only about specific stocks and is called Investment Talk. The second one contains information on mostly investing and is called Investing Economics Mostly. My last blog is for my book reviews and it is called Non-Fiction Mostly. Follow me on Twitter. I am on Instagram. Or you can just Google #walktoronto spbrunner8166 to see my pictures.
Thursday, September 21, 2023
Accounts I Have
I have a number of accounts of:
Also, because I have no health insurance outside OHIP, I have a reserve fund for any emergency money I might need.
On my other blog I wrote yesterday about Great-West Lifeco Inc (TSX-GWO, OTC-GWLIF) ...learn more. Next, I will write about Granite REIT (TSX-GRT.UN, NYSE-GRP.U) ... learn more on Friday, September 22, 2023 around 5 pm.
This blog is meant for educational purposes only and is not to provide investment advice. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.
See my site for an index to these blog entries and for stocks followed. I have three blogs. The first talks only about specific stocks and is called Investment Talk. The second one contains information on mostly investing and is called Investing Economics Mostly. My last blog is for my book reviews and it is called Non-Fiction Mostly. Follow me on Twitter. I am on Instagram. Or you can just Google #walktoronto spbrunner8166 to see my pictures.
- Canadian Trading Account – my main account, and I spend the dividends from here.
- Tax Free Savings Account (TFSA)– my newest one, and I used it for fooling around money
- US Trading Account – used to invest internationally in the past, currently on Dow Jones Index fund
- Registered Retirement Savings Plan RRSP – turned int a Registered Retirement Income Fund (RRIF)
- Locked-in Retirement Account LRIF – turned into a Locked-In Retirement Fund (LIF).
Also, because I have no health insurance outside OHIP, I have a reserve fund for any emergency money I might need.
On my other blog I wrote yesterday about Great-West Lifeco Inc (TSX-GWO, OTC-GWLIF) ...learn more. Next, I will write about Granite REIT (TSX-GRT.UN, NYSE-GRP.U) ... learn more on Friday, September 22, 2023 around 5 pm.
This blog is meant for educational purposes only and is not to provide investment advice. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.
See my site for an index to these blog entries and for stocks followed. I have three blogs. The first talks only about specific stocks and is called Investment Talk. The second one contains information on mostly investing and is called Investing Economics Mostly. My last blog is for my book reviews and it is called Non-Fiction Mostly. Follow me on Twitter. I am on Instagram. Or you can just Google #walktoronto spbrunner8166 to see my pictures.
Tuesday, September 19, 2023
Your portfolio in stocks
Mark Seed of My Own Advisor blog ask if you should have 100% of your portfolio in Stocks. Personally, I do. It is an interesting article.
On my other blog I wrote yesterday about Trican Well Service Ltd (TSX-TCW, OTC-TOLWF) ... learn more. Next, I will write about Great-West Lifeco Inc (TSX-GWO, OTC-GWLIF) ...learn more on Wednesday, September 20, 2023 around 5 pm.
This blog is meant for educational purposes only and is not to provide investment advice. I am not a licensed professional investment advisor. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.
See my site for an index to these blog entries and for stocks followed. I have three blogs. The first talks only about specific stocks and is called Investment Talk. The second one contains information on mostly investing and is called Investing Economics Mostly. My last blog is for my book reviews and it is called Non-Fiction Mostly. Follow me on Twitter. I am on Instagram. Or you can just Google #walktoronto spbrunner8166 to see my pictures.
On my other blog I wrote yesterday about Trican Well Service Ltd (TSX-TCW, OTC-TOLWF) ... learn more. Next, I will write about Great-West Lifeco Inc (TSX-GWO, OTC-GWLIF) ...learn more on Wednesday, September 20, 2023 around 5 pm.
This blog is meant for educational purposes only and is not to provide investment advice. I am not a licensed professional investment advisor. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.
See my site for an index to these blog entries and for stocks followed. I have three blogs. The first talks only about specific stocks and is called Investment Talk. The second one contains information on mostly investing and is called Investing Economics Mostly. My last blog is for my book reviews and it is called Non-Fiction Mostly. Follow me on Twitter. I am on Instagram. Or you can just Google #walktoronto spbrunner8166 to see my pictures.
Thursday, September 14, 2023
Money Show 2023
Let’s face it, the Money Show is not as good as the Financial Forum, especially the Financial Form prior to 2000. The Money Show is too American (in a Canadian city) and it seems like it is all ETFs all the time. As usual, the best speakers are in the opening ceremonies.
I liked Rosenberg and he gave a good talk. However, even he concentrated more on the US economy than that the Canadian one. Susan Mallin of Wat Carmichael gave a good talk on Money Management. What I found good was the Money Saver speakers. Chris White gave an interesting talk on Top-Down analysis and Stock Selection. Keith Richards talk on Money Management was also good.
TD bank was sponsoring the show and Jonathan Needham was interesting on Thematic ETF ideas although I am not much interested in ETFs. Sue O’Reilly gave a good talk on using charts. Also, what I found really interesting was Gordon Stein’s Cashflow Cookbook talk on how to save money on everyday type purchases with no fuss no bother. I probably will not do any of this but I found it very interesting.
The most boring was the talk from Aflac on investing in their company. They gave a few financial facts. They talked mostly about their Japanese business and it was over in less than 15 minutes when they had booked for 45 minutes.
On my other blog I wrote yesterday about Telus Corp (TSX-T, NYSE-TU) ... learn more. Next, I will write about Wajax Corp (TSX-WJX, OTC-WJXFF) ... learn more on Friday, September 15, 2023 around 5 pm.
This blog is meant for educational purposes only and is not to provide investment advice. I am not a licensed professional investment advisor. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.
See my site for an index to these blog entries and for stocks followed. I have three blogs. The first talks only about specific stocks and is called Investment Talk. The second one contains information on mostly investing and is called Investing Economics Mostly. My last blog is for my book reviews and it is called Non-Fiction Mostly. Follow me on Twitter. I am on Instagram. Or you can just Google #walktoronto spbrunner8166 to see my pictures.
I liked Rosenberg and he gave a good talk. However, even he concentrated more on the US economy than that the Canadian one. Susan Mallin of Wat Carmichael gave a good talk on Money Management. What I found good was the Money Saver speakers. Chris White gave an interesting talk on Top-Down analysis and Stock Selection. Keith Richards talk on Money Management was also good.
TD bank was sponsoring the show and Jonathan Needham was interesting on Thematic ETF ideas although I am not much interested in ETFs. Sue O’Reilly gave a good talk on using charts. Also, what I found really interesting was Gordon Stein’s Cashflow Cookbook talk on how to save money on everyday type purchases with no fuss no bother. I probably will not do any of this but I found it very interesting.
The most boring was the talk from Aflac on investing in their company. They gave a few financial facts. They talked mostly about their Japanese business and it was over in less than 15 minutes when they had booked for 45 minutes.
On my other blog I wrote yesterday about Telus Corp (TSX-T, NYSE-TU) ... learn more. Next, I will write about Wajax Corp (TSX-WJX, OTC-WJXFF) ... learn more on Friday, September 15, 2023 around 5 pm.
This blog is meant for educational purposes only and is not to provide investment advice. I am not a licensed professional investment advisor. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.
See my site for an index to these blog entries and for stocks followed. I have three blogs. The first talks only about specific stocks and is called Investment Talk. The second one contains information on mostly investing and is called Investing Economics Mostly. My last blog is for my book reviews and it is called Non-Fiction Mostly. Follow me on Twitter. I am on Instagram. Or you can just Google #walktoronto spbrunner8166 to see my pictures.
Tuesday, September 12, 2023
Financial Apps
In this article from Money Sense they talk about using Money Tracking apps. They discuss Canada’s most popular and reputable financial apps.
On my other blog I wrote yesterday about Accord Financial Corp (TSX-ACD, OTC-ACCFF) ... learn more. Next, I will write about Telus Corp (TSX-T, NYSE-TU) ... learn more on Wednesday, September 13, 2023 around 5 pm.
This blog is meant for educational purposes only and is not to provide investment advice. I am not a licensed professional investment advisor. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.
See my site for an index to these blog entries and for stocks followed. I have three blogs. The first talks only about specific stocks and is called Investment Talk. The second one contains information on mostly investing and is called Investing Economics Mostly. My last blog is for my book reviews and it is called Non-Fiction Mostly. Follow me on Twitter. I am on Instagram. Or you can just Google #walktoronto spbrunner8166 to see my pictures.
On my other blog I wrote yesterday about Accord Financial Corp (TSX-ACD, OTC-ACCFF) ... learn more. Next, I will write about Telus Corp (TSX-T, NYSE-TU) ... learn more on Wednesday, September 13, 2023 around 5 pm.
This blog is meant for educational purposes only and is not to provide investment advice. I am not a licensed professional investment advisor. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.
See my site for an index to these blog entries and for stocks followed. I have three blogs. The first talks only about specific stocks and is called Investment Talk. The second one contains information on mostly investing and is called Investing Economics Mostly. My last blog is for my book reviews and it is called Non-Fiction Mostly. Follow me on Twitter. I am on Instagram. Or you can just Google #walktoronto spbrunner8166 to see my pictures.
Thursday, September 7, 2023
Something to Buy September 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 September 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). 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). BRP Inc (TSX-DOO, NASDAQ-DOOO), and Linamar Corporation (TSX-LNR, OTC-LIMAF) have been added back to 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). There is no change from last month.
Ten stocks (77%) are showing cheap by historical median dividend yield. These are Alimentation Couche-Tard (TSX-ATD.B, OTC-ANCUF), Andrew Peller Ltd (TSX-ADW.A, OTC-ADWPF), Empire Company Ltd (TSX-EMP.A, OTC-EMLAF), 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), North West Company (TSX-NWC, OTC-NWTUF) and Saputo Inc. (TSX-SAP, OTC-SAPIF). North West Company (TSX-NWC, OTC-NWTUF) have added back 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. No stock (0%) is showing as cheap by the historical high dividend yield. There is no change from last month.
There are Five stocks (56%) showing as cheap by historical median dividend yield. They are Canadian Natural Resources (TSX-CNQ, NYSE-CNQ), Cenovus Energy Inc (TSX-CVE, NYSE-CVE), Mullen Group (TSX-MTL, OTC-MLLGF), Ovintiv Inc (TSX-OVV, OTC-OVV), and Suncor Energy (TSX-SU, NYSE-SU). There is no change from last month.
I follow 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.
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), Chesswood Group (TSX-CHW, OTC-CHWWF), 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). Chesswood Group (TSX-CHW, OTC-CHWWF) has been added to this list.
I follow 5 Insurance stocks. None of these stocks (0%) are showing as cheap by the historically high dividend yield. There is no change from last month.
Four stocks (80%) are showing as cheap by historical median dividend yield. These stocks are Great-West Lifeco Inc. (TSX-GWO, OTC-GWLIF), IA Financial Corp (TSX-IAG, OTC-IDLLF), and Manulife Financial Corp (TSX-MFC, NYSE-MFC), Sun Life Financial (TSX-SLF, NYSE-SLF). There is no change from last month.
I follow 33 Industrial stocks. Because I have so many and Industrial, I have divided my Industrial stocks into 4 separate categories under Industrial. They are Construction (7), Industrial (3), Manufacturing (5) and (Business) Services (18). I am now following Cargojet Inc (TSX-CJT, OTC-CGJTF) which I am now following and it is under the Industrial Services.
I have 7 Construction stocks. One stock (14%) is showing as cheap by the historically high dividend yield. It is Aecon Group Inc (TSX-ARE, OTC-AEGXF). There is no change from last month.
One stock (14%) is showing as cheap by historical median dividend yield. It is Aecon Group Inc (TSX-ARE, OTC-AEGXF). There is no change from last month.
I have 3 stocks left with the sub-index of Industrial. None of these stocks (0%) are showing as cheap by the historically high dividend yield. There is no change from last month.
One stock (33%) is showing as cheap by historical median dividend yield. It is Finning International Inc. (TSX-FTT, OTC-FINGF). There is no change from last month.
I have 5 Manufacturing stocks. None of these stocks (0%) are showing as cheap by the historically high dividend yield. There is no change from last month.
One stock (14%) is showing as cheap by historical median dividend yield. It is Exco Technologies Ltd. (TSX-XTC, OTC-EXCOF). There is no change from last month.
I follow 18 Services stocks. Two of these stocks (12%) is showing as cheap by the historically high dividend yield. They are McCoy Global Inc (TSX-MCB, OTC-MCCRF), and Transcontinental Inc (TSX-TCL.A, OTC-TCLAF. Titanium Transportation Group Inc (TSX-TTR, OTC-TTTGF) has been removed from this list. I am now following Cargojet Inc (TSX-CJT, OTC-CGJTF) which I am now following and it is under the Industrial Services.
Eleven stock (65%) are showing as cheap by historical median dividend yield. They are Algoma Central Corporation (TSX-ALC, OTC-AGMJF), Canadian National Railway (TSX-CNR, NYSE-CNI), GFL Environmental Inc (TSX-GFL, NYSE , GFL), McCoy Global Inc (TSX-MCB, OTC-MCCRF), Parkland Fuel Corp (TSX-PKI, OTC-PKIUF), Pason Systems Inc (TSX-PSI, OTC-PSYTF), Pulse Seismic Inc. (TSX-PSD, OTC-PLSDF), Titanium Transportation Group Inc (TSX-TTR, OTC-TTTGF), Transcontinental Inc (TSX-TCL.A, OTC-TCLAF), Trican Well Service Ltd (TSX-TCW, OTC-TOLWF), and Wajax Corp (TSX-WJX, OTC-WJXFF). There is no change from last month.
I follow 10 Material stocks. One stock (10%) is showing as cheap by the historically high dividend yield. It is Agnico Eagle Mines Ltd (TSX-AEM, NYSE-AEM). There is no change from last month.
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), Choice Properties REIT (TSX-CHP.UN, OTC-PPRQF), 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 added back to 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 8 Tech stocks. No stock (0%) is showing as cheap by historical high dividend yield. There is no change from last month. Absolute Software Corporation (TSX-ABST, NASDAQ-ABST) had been bought out.
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). There is no change from last month.
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.
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 SmartCentres REIT (TSX-SRU.UN, OTC-CWYUF) ... learn more. Next, I will write about Cargojet Inc (TSX-CJT, OTC-CGJTF) ... learn more on Friday, September 8, 2023 around 5 pm.
This blog is meant for educational purposes only and is not to provide investment advice. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.
See my site for an index to these blog entries and for stocks followed. I have three blogs. The first talks only about specific stocks and is called Investment Talk . The second one contains information on mostly investing and is called Investing Economics Mostly. My last blog is for my book reviews and it is called Non-Fiction Mostly. Follow me on Twitter. I am on Instagram. Or you can just Google #walktoronto spbrunner8166 to see my pictures.
The advantages to using dividend yield to judge how cheap or expensive a stock is, is that you are not using estimates or old data (like last reported quarter's data). You are using today's stock price and today's dividend yield. However, this is just a place to start. It is a good idea to check the stock price with other tests, especially the P/S Ratio test. For other testing, like P/E Ratios, P/S Ratios, P/CF Ratios, P/BV Ratios and Price/Graham Price Ratios, you use estimates or data from the last reported financial quarter.
If a stock is showing as a buy using the dividend yield test, I usually like to verify it is a buy by doing a P/S Ratio test. Here you compare the current P/S Ratio to the 10 year median P/S Ratio. If the current P/S Ratio is lower than the 10 year median, then the stock is a buy. I note that Morningstar gives a current P/S Ratio. The 10 year median ratio is shown in my review of a stock. The 10 year median ratio in a review is good for one year from the date of review.
This historical dividend yield test does not work well for old Income Trust companies. These companies had quite high Dividend Yields which will probably never be seen again. So, I started a column called VT (for Valid Test) and this applies to checking stock price using dividend yield. If it is not a valid test, I use N to show this. For these stocks, you might be better comparing the current dividend yield to the 10 year median dividend yield.
However, no system is perfect. But if you are interested in buying a stock a list of stocks cheap or reasonable using dividend yield data might be a good place to start.
Categorizing stocks is not as simple as it might seem. Every site you go to has categorized stocks a bit differently. I try to keep this as simple as possible. See Something to Buy September 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). 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). BRP Inc (TSX-DOO, NASDAQ-DOOO), and Linamar Corporation (TSX-LNR, OTC-LIMAF) have been added back to 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). There is no change from last month.
Ten stocks (77%) are showing cheap by historical median dividend yield. These are Alimentation Couche-Tard (TSX-ATD.B, OTC-ANCUF), Andrew Peller Ltd (TSX-ADW.A, OTC-ADWPF), Empire Company Ltd (TSX-EMP.A, OTC-EMLAF), 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), North West Company (TSX-NWC, OTC-NWTUF) and Saputo Inc. (TSX-SAP, OTC-SAPIF). North West Company (TSX-NWC, OTC-NWTUF) have added back 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. No stock (0%) is showing as cheap by the historical high dividend yield. There is no change from last month.
There are Five stocks (56%) showing as cheap by historical median dividend yield. They are Canadian Natural Resources (TSX-CNQ, NYSE-CNQ), Cenovus Energy Inc (TSX-CVE, NYSE-CVE), Mullen Group (TSX-MTL, OTC-MLLGF), Ovintiv Inc (TSX-OVV, OTC-OVV), and Suncor Energy (TSX-SU, NYSE-SU). There is no change from last month.
I follow 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.
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), Chesswood Group (TSX-CHW, OTC-CHWWF), 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). Chesswood Group (TSX-CHW, OTC-CHWWF) has been added to this list.
I follow 5 Insurance stocks. None of these stocks (0%) are showing as cheap by the historically high dividend yield. There is no change from last month.
Four stocks (80%) are showing as cheap by historical median dividend yield. These stocks are Great-West Lifeco Inc. (TSX-GWO, OTC-GWLIF), IA Financial Corp (TSX-IAG, OTC-IDLLF), and Manulife Financial Corp (TSX-MFC, NYSE-MFC), Sun Life Financial (TSX-SLF, NYSE-SLF). There is no change from last month.
I follow 33 Industrial stocks. Because I have so many and Industrial, I have divided my Industrial stocks into 4 separate categories under Industrial. They are Construction (7), Industrial (3), Manufacturing (5) and (Business) Services (18). I am now following Cargojet Inc (TSX-CJT, OTC-CGJTF) which I am now following and it is under the Industrial Services.
I have 7 Construction stocks. One stock (14%) is showing as cheap by the historically high dividend yield. It is Aecon Group Inc (TSX-ARE, OTC-AEGXF). There is no change from last month.
One stock (14%) is showing as cheap by historical median dividend yield. It is Aecon Group Inc (TSX-ARE, OTC-AEGXF). There is no change from last month.
I have 3 stocks left with the sub-index of Industrial. None of these stocks (0%) are showing as cheap by the historically high dividend yield. There is no change from last month.
One stock (33%) is showing as cheap by historical median dividend yield. It is Finning International Inc. (TSX-FTT, OTC-FINGF). There is no change from last month.
I have 5 Manufacturing stocks. None of these stocks (0%) are showing as cheap by the historically high dividend yield. There is no change from last month.
One stock (14%) is showing as cheap by historical median dividend yield. It is Exco Technologies Ltd. (TSX-XTC, OTC-EXCOF). There is no change from last month.
I follow 18 Services stocks. Two of these stocks (12%) is showing as cheap by the historically high dividend yield. They are McCoy Global Inc (TSX-MCB, OTC-MCCRF), and Transcontinental Inc (TSX-TCL.A, OTC-TCLAF. Titanium Transportation Group Inc (TSX-TTR, OTC-TTTGF) has been removed from this list. I am now following Cargojet Inc (TSX-CJT, OTC-CGJTF) which I am now following and it is under the Industrial Services.
Eleven stock (65%) are showing as cheap by historical median dividend yield. They are Algoma Central Corporation (TSX-ALC, OTC-AGMJF), Canadian National Railway (TSX-CNR, NYSE-CNI), GFL Environmental Inc (TSX-GFL, NYSE , GFL), McCoy Global Inc (TSX-MCB, OTC-MCCRF), Parkland Fuel Corp (TSX-PKI, OTC-PKIUF), Pason Systems Inc (TSX-PSI, OTC-PSYTF), Pulse Seismic Inc. (TSX-PSD, OTC-PLSDF), Titanium Transportation Group Inc (TSX-TTR, OTC-TTTGF), Transcontinental Inc (TSX-TCL.A, OTC-TCLAF), Trican Well Service Ltd (TSX-TCW, OTC-TOLWF), and Wajax Corp (TSX-WJX, OTC-WJXFF). There is no change from last month.
I follow 10 Material stocks. One stock (10%) is showing as cheap by the historically high dividend yield. It is Agnico Eagle Mines Ltd (TSX-AEM, NYSE-AEM). There is no change from last month.
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), Choice Properties REIT (TSX-CHP.UN, OTC-PPRQF), 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 added back to 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 8 Tech stocks. No stock (0%) is showing as cheap by historical high dividend yield. There is no change from last month. Absolute Software Corporation (TSX-ABST, NASDAQ-ABST) had been bought out.
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). There is no change from last month.
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.
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 SmartCentres REIT (TSX-SRU.UN, OTC-CWYUF) ... learn more. Next, I will write about Cargojet Inc (TSX-CJT, OTC-CGJTF) ... learn more on Friday, September 8, 2023 around 5 pm.
This blog is meant for educational purposes only and is not to provide investment advice. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.
See my site for an index to these blog entries and for stocks followed. I have three blogs. The first talks only about specific stocks and is called Investment Talk . The second one contains information on mostly investing and is called Investing Economics Mostly. My last blog is for my book reviews and it is called Non-Fiction Mostly. Follow me on Twitter. I am on Instagram. Or you can just Google #walktoronto spbrunner8166 to see my pictures.
Tuesday, September 5, 2023
Dividend Stocks September 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 September 2023.
On this list,
EQB Inc (TSX-EQB, OTC-EQGPF)
Jamieson Wellness Inc (TSX-JWEL, OTC-JWLLF)
Saputo Inc (TSX-SAP, OTC-SAPIF)
TMX Group Ltd (TSX-X, OTC-TMXXF)
Of the stocks I follow, 0 stock has cut their dividends.
Of the stocks I follow, 0 stocks have suspended or terminated their dividend.
Absolute Software Corporation (TSX-ABST, NASDAQ-ABST) has been deleted from my list as it has been acquired by Crosspoint Capital. See Press Release.
Quarterhill Inc (TSX-QTRH, OTC-QTRHF) TD WebBroker says this stock does not pay a dividend. Globe and Mail site says there is a dividend. I can find not news item saying that this company is cutting its dividend, so currently I am not listing this as a dividend suspension.
Of the stocks I follow, the following declined the most in their stock price. Of the stocks I follow, 51.95% had declining stock prices.
Of the stock that I follow, these stocks gained the most in their stock price. Of the stock I follow, 45.75% 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 Titanium Transportation Group Inc (TSX-TTNM, OTC-TTNMF) ... learn more. Next, I will write about SmartCentres REIT (TSX-SRU.UN, OTC-CWYUF) ... learn more on Wednesday, September 6, 2023 around 5 pm.
This blog is meant for educational purposes only and is not to provide investment advice. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.
See my website for stocks followed and investment notes. I have three blogs. The first talks only about specific stocks and is called Investment Talk. The second one contains information on mostly investing and is called Investing Economics Mostly. My last blog is for my book reviews and it is called Non-Fiction Mostly. Follow me on Twitter or StockTwits. I am on Instagram with #walktoronto.
First, I want to point out that not all the stocks I follow are great investments. I follow a diverse selection of stocks. There are some that I would never invest in personally.
I follow several resource stocks even though I personally have little invested in this area. I follow what I find interesting and with resource stocks, I think it is important for Canadians to know what is happening in the resource area. On the other hand, I do follow of good number of great dividend growth stocks. You might want to get the free weekly newsletter from Canadian Stock Channel which says what might be the best Canadian Dividend Stocks to buy at the present time.
The theory is that you should use the dividend yield to see if a dividend stock is selling at a stock price that is relatively cheap. A stock price is considered cheap if it is selling at a dividend yield higher than the historical high yield or higher than the historical average yield or historical median yield. Some use the 10 year average or median yield rather than the historical ones. I use median yields, always. See my spreadsheet at dividend growth stocks that I just updated for September 2023.
On this list,
- I have 12 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 11 stocks with a dividend yield higher than the 10 year high dividend yield and
- 96 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 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 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.
EQB Inc (TSX-EQB, OTC-EQGPF)
Jamieson Wellness Inc (TSX-JWEL, OTC-JWLLF)
Saputo Inc (TSX-SAP, OTC-SAPIF)
TMX Group Ltd (TSX-X, OTC-TMXXF)
Of the stocks I follow, 0 stock has cut their dividends.
Of the stocks I follow, 0 stocks have suspended or terminated their dividend.
Absolute Software Corporation (TSX-ABST, NASDAQ-ABST) has been deleted from my list as it has been acquired by Crosspoint Capital. See Press Release.
Quarterhill Inc (TSX-QTRH, OTC-QTRHF) TD WebBroker says this stock does not pay a dividend. Globe and Mail site says there is a dividend. I can find not news item saying that this company is cutting its dividend, so currently I am not listing this as a dividend suspension.
Of the stocks I follow, the following declined the most in their stock price. Of the stocks I follow, 51.95% 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, 45.75% 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 Titanium Transportation Group Inc (TSX-TTNM, OTC-TTNMF) ... learn more. Next, I will write about SmartCentres REIT (TSX-SRU.UN, OTC-CWYUF) ... learn more on Wednesday, September 6, 2023 around 5 pm.
This blog is meant for educational purposes only and is not to provide investment advice. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.
See my website for stocks followed and investment notes. I have three blogs. The first talks only about specific stocks and is called Investment Talk. The second one contains information on mostly investing and is called Investing Economics Mostly. My last blog is for my book reviews and it is called Non-Fiction Mostly. Follow me on Twitter or StockTwits. I am on Instagram with #walktoronto.
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