Tuesday, April 30, 2024

Dividend Stocks May 2024

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 May 2024. On this list,
  • I have 16 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 6 stocks with a dividend yield higher than the 10 year high dividend yield and
  • 97 stocks with a dividend yield higher than the 10 year average dividend yield.
When I did my list last list in April 2023,
  • I have 12 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 5 stocks with a dividend yield higher than the 10 year high dividend yield and
  • 97 stocks with a dividend yield higher than the 10 year average dividend yield.
When I did my list in January 2014,
  • I had 9 stocks with a dividend yield higher than the historical high dividend yield,
  • I had 45 stocks with a dividend yield higher than the historical average dividend yield and
  • 39 stocks with a dividend yield higher than the 5 year median dividend yield.
If you had one share of each stock, total dividends last month would be $204.83. This month dividends would be $219.06. It can vary as because some stocks are paid in US$ and so this figure is affected by currency exchange. Of the stock that I follow 4 stocks has raised their dividends since last month. If I did an index based on stock price, the index for last month would be 727.70and this month 767.41.

AGF Management Ltd (TSX-AGF.B, OTC-AGFMF)
BRP Inc (TSX-DOO, NASDAQ-DOOO)
Dollarama Inc (TSX-DOL, OTC-DLMAF)
GFL Environmental Inc (TSX-GF, NYSE-GFL)

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

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

ATCO Ltd (TSX-ACO.X, OTC-ACLLF) when I showed the dividend increase in February, I showed it as 1.9292, but should have shown it as 1.9592. My Spreadsheet has been corrected.

Of the stocks I follow, the following declined the most in their stock price. Of the stocks I follow, 62.68% had declining stock prices. Last month 41.29% of the stock had declining prices.

Name Exch Sym Exch Sym Chge SP
Chesswood Group TSX CHW OTC CHWWF -14.59%
Dorel Industries TSX DII.B OTC DIIBF -13.73%
TFI International Inc TSX TFII NYSE TFII -13.02%
Russel Metals TSX RUS OTC RUSMF -12.36%
Granite REIT TSX GRT.UN NYSE GRP.U -10.14%
Evertz Technologies Ltd TSX ET OTC EVTZF -10.12%
Mullen Group TSX MTL OTC MLLGF -9.78%
Cogeco Communications TSX CCA OTC CGEAF -9.64%
TC Energy Corp TSX TRP NYSE TRP -9.44%
Bank of Nova Scotia TSX BNS NYSE BNS -9.21%

Of the stock that I follow, these stocks gained the most in their stock price. Of the stock I follow, 36.77% had increasing stock price. And, 0.65% or 1 stock had the same stock price as last month. Last month 56.77% of the stocks had increasing prices with 1.94% or 3 stocks of the stocks with the same price.

Name Exch Sym Exch Sym Chge SP
Methanex Corp TSX MX NASDAQ MEOH 9.26%
Bombardier Inc. TSX BBD.B OTC BDRBF 9.70%
Obsidian Energy Ltd TSX OBE NYSE OBE 10.20%
Barclays PLC ADR LSE BARC NYSE BCS 10.32%
Agnico Eagle Mines Ltd TSX AEM NYSE AEM 10.87%
Goeasy Ltd TSX GSY OTC EHMEF 10.99%
Teck Resources Ltd TSX TECK.B NYSE TECK 11.05%
Crescent Point Energy TSX CPG NYSE CPG 11.73%
Dollarama Inc TSX DOL OTC DLMAF 12.05%
HLS Therapeutics Inc TSX HLS OTC HLTRF 16.25%

Most of my stocks started out as Dividend Payers. Currently 13 stocks are not paying any dividends and this would be some 8.39% of the stocks that I follow. Three of these stocks never had dividends, so 6.45% 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 today about was AtkinsRealis (TSX-ATRL, OTC-SNCAF) ... learn more. Next, I will write about will be Fortis Inc (TSX-FTS, OTC-FRTSF) ... learn more on Wednesday, May 1, 2024 around 5 pm.

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

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

Thursday, April 25, 2024

Best Dividend Stocks

Dan Kent put up a blog entry of 30 of the best Dividend Paying stocks to buy in Canada today on his site of Stocktrades.

On my other blog I wrote yesterday about Canadian Natural Resources (TSX-CNQ, NYSE-CNQ) ... learn more. Next, I will write about Barclays PLC ADR (LSE-BARC, NYSE-BCS) ... learn more on Friday, April 26, 2024 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, April 23, 2024

Natural Occurring Retirement Communities

Natural Occurring Retirement Communities or NORC appears to be a movement. The site for Toronto is here. I know women that live in condos and the condos have become part of this movement. There is also another site for University Health Network (UHN) .

On my other blog I wrote yesterday about Pembina Pipelines Corp (TSX-PPL, NYSE-PBA) ... learn more. Next, I will write about Canadian Natural Resources (TSX-CNQ, NYSE-CNQ) ... learn more on Wednesday, April 22, 2024 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, April 18, 2024

Top 5 Stocks

This is an entry by Cashflows and Portfolios of their top 5 stocks. Personally, I do not like any of the Brookfield stocks. Their accounting and set ups are far too complex. But everyone has different ideas on good stocks to hold.

Their top stocks are:
  • Toronto Dominion Bank (TSX-TD, NYSE-TD)
  • Royal Bank of Canada (TSX-RY, NYSE-RY)
  • Fortis Inc (TSX-FTS, NYSE-FTS)
  • Canadian Natural Resources (TSX-CNQ, NYSE-CNQ)
  • Brookfield Infrastructure Partners (TSX-BIPC, NYSE-BIPC).
On my other blog I wrote yesterday about Leon's Furniture Ltd (TSX-LNF, OTC-LEFUF) ... learn more. The next stock I will write about will be Barrick Gold Corp (TSX-ABX, NYSE-GOLD) ... learn more on Friday, April 19, 2024 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, April 16, 2024

Buy Your First Car

There is a good article on Money Sense about buying your first car.

On my other blog I wrote yesterday about Supremex Inc (TSX-SXP, OTC-SUMXF) ... learn more. Next, I will write about Leon's Furniture Ltd (TSX-LNF, OTC-LEFUF) ... learn more on Wednesday, April 17, 2024 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, April 11, 2024

How to Save $100,000

This is an interesting article on Money Sense how to save your first $100,000.

For me saving the first $100,000 was tough and it took quite a while, but after I had my first $100,000, my investment portfolio started to increase quite quickly.

On my other blog I wrote yesterday about Alaris Equity Partners Income Trust (TSX-AD, OTC-ALARF) ... learn more. Next, I will write about Toromont Industries Ltd (TSX-TIH, OTC-TMTNF) ... learn more on Friday, April 12, 2024 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, April 9, 2024

Digital Serfs

Ed D’Agostino on You Tube interviews Frank Court under the heading of Big Tech Made You a Digital Serf. Ed D’Agostino of Mauldin Economics often have interesting interviews.

On my other blog I wrote yesterday about Sun Life Financial Inc (TSX-SLF, NYSE-SLF) ... learn more. Next, I will write about Alaris Equity Partners Income Trust (TSX-AD, OTC-ALARF) ... learn more on Wednesday, April 10, 2024 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, April 4, 2024

Something to Buy April 2024

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 January 2024 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 21 stocks in the Consumer Discretionary category. One of these stocks (5%) are showing as cheap by the historically high dividend yield. It is Canadian Tire Corp (TSX-CTC.A, OTC-CDNAF). High Liner Foods (TSX-HLF, OTC-HLNFF) has been deleted from this list.

Twelve (57%) 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), Sleep Country Canada Holdings Inc (TSX-ZZZ, OTC-SCCAF) and Stingray Digital Group Inc (TSX-RAY.A). There is no change from last month.

I follow 13 Consumer Staples stocks. Five stocks (38%) are showing as cheap by the historically high dividend yield. They are Andrew Peller Ltd (TSX-ADW.A, OTC-ADWPF), Jamieson Wellness Inc (TSX-JWEL, OTC-JWLLF), Lassonde Industries (TSX (LAS.A, OTC-LSDAF), Maple Leaf Foods Inc (TSX-MFI, OTC-MLFNF), Saputo Inc. (TSX-SAP, OTC-SAPIF).

Andrew Peller Ltd (TSX-ADW.A, OTC-ADWPF), Lassonde Industries (TSX (LAS.A, OTC-LSDAF), Maple Leaf Foods Inc (TSX-MFI, OTC-MLFNF), Saputo Inc. (TSX-SAP, OTC-SAPIF) have been added to this list. This is a big increase for this category.

Nine stocks (62%) are showing cheap by historical median dividend yield. These are Alimentation Couche-Tard (TSX-ATD.B, OTC-ANCUF), Empire Company Ltd (TSX-EMP.A, OTC-EMLAF), Jamieson Wellness Inc (TSX-JWEL, OTC-JWLLF), KP Tissue Inc (TSX-KPT, NYSE-KPTSF), Lassonde Industries (TSX (LAS.A, OTC-LSDAF), Maple Leaf Foods Inc (TSX-MFI, OTC-MLFNF), Metro Inc (TSX-MRU, OTC-MTRAF), and Saputo Inc. (TSX-SAP, OTC-SAPIF). Lassonde Industries (TSX (LAS.A, OTC-LSDAF) has been added to this list.

I follow Five Health Care stocks. One of these stocks (20%) is showing as cheap by the historically high dividend yield. It is Medtronic PCL (NYSE-MDT). Neighbourly Pharmacy Inc (TSX-NBLY, OTC-NBLYF) has been taken off this list because it was bought out last month.

Three stocks (60%) are cheap by the historical median dividend yield. The stocks are Johnson and Johnson (NYSE-JNJ), Medtronic Inc. (NYSE-MDT), and Sienna Senior Living Inc (TSX-SIA, OTC-LWSCF). Neighbourly Pharmacy Inc (TSX-NBLY, OTC-NBLYF) has been taken off this list because it was bought out 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 (7), Financial Services (14), and Insurance (5).

I follow 7 Bank stocks. None of these stocks (0%) are showing as cheap by the historically high dividend yield. There is no change from last month.

Six stocks (86%) 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), and Royal Bank of Canada (TSX-RY, NYSE-RY) and Toronto Dominion Bank (TSX-TD, NYSE-TD). National Bank of Canada (TSX-NA, OTC-NTIOF) has been removed from this list.

I follow 14 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 (64%) are showing as cheap by the historical median dividend yield. These stocks are AGF Management Ltd (TSX-AGF.B, OTC-AGFMF), Alaris Equity Partners Income Trust (TSX-AD.UN, OTC-ALARF), Atrium Mortgage Investment Corp (TSX-AI, OTC-AMIVF), CI Financial (TSX-CIX, NYSE-CIXX), Element Fleet Management Corp (TSX-EFN, OTC-ELEEF), EQB Inc (TSX-EQB, OTC-EQGPF), Goeasy Ltd (TSX-GSY, OTC-EHMEF), IGM Financial (TSX-IGM, OTC-IGIFF), and Power Corp (TSX-POW, OTC-PWCDF). There is no change from last month.

I follow 5 Insurance stocks. None of these stocks (0%) are showing as cheap by the historically high dividend yield. There is no change from last month.

Four stocks (80%) are showing as cheap by historical median dividend yield. These stocks are Great-West Lifeco Inc. (TSX-GWO, OTC-GWLIF), IA Financial Corp (TSX-IAG, OTC-IDLLF), and Manulife Financial Corp (TSX-MFC, NYSE-MFC), Sun Life Financial (TSX-SLF, NYSE-SLF). There is no change from last month.

I follow 32 Industrial stocks. Because I have so many and Industrial, I have divided my Industrial stocks into 4 separate categories under Industrial. They are Construction (7), Industrial (3), Manufacturing (5) and (Business) Services (17).

I have 7 Construction stocks. No stock (0%) is showing as cheap by the historically high dividend yield. Aecon Group Inc (TSX-ARE, OTC-AEGXF) has been removed from this list.

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. No stock (0%) is showing as cheap by the historically high dividend yield. McCoy Global Inc (TSX-MCB, OTC-MCCRF), and Titanium Transportation Group Inc (TSX-TTR, OTC-TTTGF) have been removed from this list.

Nine stock (50%) are showing as cheap by historical median dividend yield. They are Algoma Central Corporation (TSX-ALC, OTC-AGMJF), Canadian National Railway (TSX-CNR, NYSE-CNI), GFL Environmental Inc (TSX-GFL, NYSE-GFL), McCoy Global Inc (TSX-MCB, OTC-MCCRF), Pason Systems Inc (TSX-PSI, OTC-PSYTF), Pulse Seismic Inc. (TSX-PSD, OTC-PLSDF), Titanium Transportation Group Inc (TSX-TTR, OTC-TTTGF), Transcontinental Inc (TSX-TCL.A, OTC-TCLAF), and Trican Well Service Ltd (TSX-TCW, OTC-TOLWF). There is no change from last month.

I follow 10 Material stocks. No stock (0%) is showing as cheap by the historically high dividend yield.

Two stock (20%) is showing as cheap by historical median dividend yield. They are 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.

Eight stocks (80%) are showing as cheap by historical median dividend yield. They are Allied Properties REIT (TSX-AP.UN, OTC-APYRF), Artis REIT (TSX-AX.UN, OTC-ARESF), Choice Properties REIT (TSX-CHP.UN, OTC-PPRQF), First Capital REIT (TSX-FCR.UN, OTC-FCXXF), Granite REIT (TSX-GRT.UN, NYSE-GRP.U), H & R REIT (TSX-HR.UN, OTC-HRUFF), Melcor Developments Inc. (TSX-MRD, OTC-MODVF), and SmartCentres REIT (TSX-SRU.UN, OTC-CWYUF). There is no change from last month.

I follow 4 of the Telecom Service stocks. Three of the stocks (75%) are showing as cheap by historically high dividend yield. They are BCE (TSX-BCE, NYSE-BCE), Quebecor Inc (TSX-QBR.B, OTC-QBCRF), and Telus Corp (TSX-T, NYSE-TU). Telus Corp (TSX-T, NYSE-TU) has been added to this list.

Four stocks (100%) are showing cheap by historical median dividend yield. These stocks are BCE (TSX-BCE, NYSE-BCE), Cogeco Communications Inc (TSX-CCA, OTC-CGEAF), Quebecor Inc (TSX-QBR.B, OTC-QBCRF) and Telus Corp (TSX-T, NYSE-TU). There is no change from last month.

I follow 9 Tech stocks. One stock (11%) is showing as cheap by historical high dividend yield and it is Enghouse Systems Limited (TSX-ENGH, OTC-EGHSF). Nuvei Corp (TSX-NVEI, NASDAQ-NVEI) has been deleted from this list and Enghouse Systems Limited (TSX-ENGH, OTC-EGHSF) has been added to 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), Nuvei Corp (TSX-NVEI, NASDAQ-NVEI), and Sylogist Ltd (TSXV-SYZ, OTC-SYZLF). There is no change from last month.

I follow 7 of the Infrastructure Type stocks. No stock (0%) is showing as cheap by historical high dividend yield. TC Energy Corp (TSX-TRP, NYSE-TRP) has been removed from this list.

Three stocks (43%) are showing cheap by historical median dividend yield. They are Capital Power Corp (TSX-CPX, OTC-CPRHF), 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 Melcor Developments Inc (TSX-MRD, OTC-MODVF) ... learn more. Next, I will write about Goodfellow Inc (TSX-GDL, OTC-GFELF) ... learn more on Friday, April 5, 2024 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, April 2, 2024

Dividend Stocks April 2024

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 April 2024. On this list,
  • I have 12 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 5 stocks with a dividend yield higher than the 10 year high dividend yield and
  • 97 stocks with a dividend yield higher than the 10 year average dividend yield.
When I did my list last list in March 2023,
  • I have 13 stocks with a dividend yield higher than the historical high dividend yield,
  • I have 88 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
  • 98 stocks with a dividend yield higher than the 10 year average dividend yield.
When I did my list in January 2014,
  • I had 9 stocks with a dividend yield higher than the historical high dividend yield,
  • I had 45 stocks with a dividend yield higher than the historical average dividend yield and
  • 39 stocks with a dividend yield higher than the 5 year median dividend yield.
If you had one share of each stock, total dividends last month would be $204.90. This month dividends would be $204.83. It can vary as because some stocks are paid in US$ and so this figure is affected by currency exchange. Of the stock that I follow 11 stocks has raised their dividends since last month. If I did an index based on stock price, the index for last month would be 697.10 and this month 727.70.

Aecon Group Inc (TSX-ARE, OTC-AEGXF)
Badger Infrastructure Solutions Ltd (TSX-BDGI, OTC-BADFF)
Choice Properties REIT (TSX-CHP.UN, OTC-PPRQF)
Enghouse Systems Limited (TSX-ENGH, OTC, EGHSF)
Hammond Power Solutions Inc (TSX-HPS.A, OTC-HMDPF)

Linamar Corporation (TSX-LNR, OTC-LIMAF)
Maple Leaf Foods Inc (TSX-MFI, OTC-MLFNF)
McCoy Global Inc (TSX-MCB, OTC-MCCRF)
Power Corp (TSX-POW, OTC-PWCDF)
Premium Brands Holdings Corp (TSX-PBH, OTC-PRBZF)

Wajax Corp (TSX-WJX, OTC-WJXFF)

Of the stocks I follow, 1 stock has cut their dividends.

Melcor Developments Inc (TSX-MRD, OTC-MODVF)

Of the stocks I follow, 1 stock have suspended or terminated their dividend.

Chesswood Group (TSX-CHW, OTC-CHWWF)

Neighbourly Pharmacy Inc has been acquired. See (TSX-NBLY, OTC-NBLYF) Newswire item. It has been deleted from my list of followed stocks.

Of the stocks I follow, the following declined the most in their stock price. Of the stocks I follow, 41.29% had declining stock prices. Last month 44.23% of the stock had declining prices.

Name Exch Sym Exch Sym Chge SP
McCoy Global Inc TSX MCB OTC MCCRF -17.93%
Enghouse Systems TSX ENGH OTC EGHSF -14.84%
Ballard Power Systems TSX BLDP NASDAQ BLDP -13.93%
Jamieson Wellness Inc TSX JWEL OTC JWLLF -13.07%
Telus Corp TSX T NYSE TU -9.06%
Trigon Metals Inc. TSXV TM OTC PNTZF -8.57%
BCE Inc TSX BCE NYSE BCE -8.22%
Alimentation Couche-Tard TSX ATD OTC ANCTF -7.99%
Quebecor Inc TSX QBR.B OTC QBCRF -7.02%
First National Financial TSX FN OTC FNLIF -6.56%

Of the stock that I follow, these stocks gained the most in their stock price. Of the stock I follow, 56.77% had increasing stock price. And, 1.94% or 3 stocks had the same stock price as last month. Last month 55.77% of the stocks had increasing prices with 0% of the stocks with the same price.

Name Exch Sym Exch Sym Chge SP
Titanium Transportation TSX TTNM OTCQX TTNMF 12.61%
Badger Infrastructure TSX BDGI OTC BADFF 12.81%
Cenovus Energy Inc TSX CVE NYSE CVE 12.83%
Obsidian Energy Ltd TSX OBE NYSE OBE 14.67%
Aecon Group Inc TSX ARE OTC AEGXF 16.59%
Teck Resources Ltd TSX TECK.B NYSE TECK 16.61%
Bombardier Inc. TSX BBD.B OTC BDRBF 16.91%
Nuvei Corp TSX NVEI NASDAQ NVEI 19.28%
Agnico Eagle Mines Ltd TSX AEM NYSE AEM 20.05%
Hammond Power TSX HPS.A OTC HMDPF 21.90%

Most of my stocks started out as Dividend Payers. Currently 13 stocks are not paying any dividends and this would be some 8.39% of the stocks that I follow. Three of these stocks never had dividends, so 6.45% 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 today about was BCE Inc (TSX-BCE, NYSE-BCE) ... learn more . Next, I will write about be Melcor Developments Inc (TSX-MRD, OTC-MODVF) ... learn more on Wednesday, April 3, 2024 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.