There is a good article Money Sense about Crypto Currencies and investing.
On my other blog I wrote yesterday about Capital Power Corp (TSX-CPX, OTC-CPRHF) ... learn more. Next, I will write about Boralex Inc (TSX-BLX, OTC-BRLXF) ... learn more on Friday, August 30, 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, August 29, 2024
Tuesday, August 27, 2024
TFI Internation Inc
I want to talking about stocks I have had for the long term. This is basically what I have talking about. Buy good companies and keep them.
The next one to talk about is TFI Internation Inc (TSX-TFII, NYSE-TFII) which I first bought in 2017 for my Trading and Pension accounts. I made additional purchases for my Trading Account in 2018 and 2020. I have made 34.64% per year with 32.47% from capital gains 2.17% from dividends.
This stock may have a low dividend yield (below 2%), but increases have been going up, from low to current good range (15% and above) for the past 5 years at 17% per year. On my original purchase price, my dividends are in the 7.7% ranges. This is why I like this stock. Yield maybe low, but the increases in dividends are good and this stock is doing very well.
On my other blog I wrote yesterday about ATCO Ltd (TSX-ACO.X, OTC-ACLLF) ... learn more. Next, I will write about Capital Power Corp (TSX-CPX, OTC-CPRHF) ... learn more on Wednesday, August 28, 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
The next one to talk about is TFI Internation Inc (TSX-TFII, NYSE-TFII) which I first bought in 2017 for my Trading and Pension accounts. I made additional purchases for my Trading Account in 2018 and 2020. I have made 34.64% per year with 32.47% from capital gains 2.17% from dividends.
This stock may have a low dividend yield (below 2%), but increases have been going up, from low to current good range (15% and above) for the past 5 years at 17% per year. On my original purchase price, my dividends are in the 7.7% ranges. This is why I like this stock. Yield maybe low, but the increases in dividends are good and this stock is doing very well.
On my other blog I wrote yesterday about ATCO Ltd (TSX-ACO.X, OTC-ACLLF) ... learn more. Next, I will write about Capital Power Corp (TSX-CPX, OTC-CPRHF) ... learn more on Wednesday, August 28, 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, August 22, 2024
Toromont Industries Ltd
I want to talking about stocks I have had for the long term. This is basically what I have talking about. Buy good companies and keep them. The next one to talk about is Toromont Industries Ltd (TSX-TIH, OTC-TMTNF) which I first bought in 2007 for my RSP account and in 2008 I bought it for both my trading account and my pension account.
I have made 13.80% per year with 11.80% from capital gains 2% from dividends. I cannot separate the return my account because I have been moving this stock from my RSP and Pension accounts to my Trading Account.
This stock may have a low dividend yield (below 2%), but increases have been in the moderate range (from 8% to 14% per year) with increases over the past 5 years at 13.8% per year. On my original purchase price, my dividends are in the 10% ranges. This is why I like this stock. Yield maybe low, but the increases in dividends are good.
On my other blog I wrote yesterday about Alimentation Couche-Tard Inc (TSX-ATD, OTC-ANCUF) ... learn more. Next, I will write about Exchange Income Corp (TSX-EIF, OTC-EIFZF) ... learn more on Friday, August 23, 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.
I have made 13.80% per year with 11.80% from capital gains 2% from dividends. I cannot separate the return my account because I have been moving this stock from my RSP and Pension accounts to my Trading Account.
This stock may have a low dividend yield (below 2%), but increases have been in the moderate range (from 8% to 14% per year) with increases over the past 5 years at 13.8% per year. On my original purchase price, my dividends are in the 10% ranges. This is why I like this stock. Yield maybe low, but the increases in dividends are good.
On my other blog I wrote yesterday about Alimentation Couche-Tard Inc (TSX-ATD, OTC-ANCUF) ... learn more. Next, I will write about Exchange Income Corp (TSX-EIF, OTC-EIFZF) ... learn more on Friday, August 23, 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, August 20, 2024
Timeless Tips from Money Sense
Read 25 timeless personal finance tips from MoneySense.
On my other blog I wrote yesterday about Chemtrade Logistics Income Fund (TSX-CHE.UN, OTC-CGIFF) ... learn more. Next, I will write about Alimentation Couche-Tard Inc (TSX-ATD, OTC-ANCUF) ... learn more on Wednesday, August 21, 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.
On my other blog I wrote yesterday about Chemtrade Logistics Income Fund (TSX-CHE.UN, OTC-CGIFF) ... learn more. Next, I will write about Alimentation Couche-Tard Inc (TSX-ATD, OTC-ANCUF) ... learn more on Wednesday, August 21, 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, August 15, 2024
Bank of Montreal
I want to talking about stocks I have had for the long term. This is basically what I have been talking about. Buy good companies and keep them. The next one to talk about is Bank of Montreal (TSX-BMO, NYSE-BMO) which I first bought in 1983. I only have figures in Quicken from 1987, but I currently have a total return of 14.97% per year with 7.78% from capital gains and 7.19% from dividends to August 10, 2024.
I made several purchases in my trading account and pension account. The last one being in my pension account in 2013. In my Trading account where I have added in 1987 (because Quicken only has values from 1987, not the date of purchase of 1982), and sale of 100 shares in 2010, I have made 15.22% per year with 8.15% from capital gains and 7.07% from dividends. Between buying shares in 1982 and 1987. I used the dividend reinvestment plan to purchase more shares.
In my pension account, I bought shares in 2008 and 2013 and I have made a total return per year of 10.97% with 5.54% from capital gains and 5.43% from dividends.
On my other blog I wrote yesterday about GFL Environmental Inc (TSX-GFL, NYSE-GFL) ... learn more. Next, I will write about Aecon Group Inc (TSX-ARE, OTC-AEGXF) ... learn more on Friday, August 16, 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.
I made several purchases in my trading account and pension account. The last one being in my pension account in 2013. In my Trading account where I have added in 1987 (because Quicken only has values from 1987, not the date of purchase of 1982), and sale of 100 shares in 2010, I have made 15.22% per year with 8.15% from capital gains and 7.07% from dividends. Between buying shares in 1982 and 1987. I used the dividend reinvestment plan to purchase more shares.
In my pension account, I bought shares in 2008 and 2013 and I have made a total return per year of 10.97% with 5.54% from capital gains and 5.43% from dividends.
On my other blog I wrote yesterday about GFL Environmental Inc (TSX-GFL, NYSE-GFL) ... learn more. Next, I will write about Aecon Group Inc (TSX-ARE, OTC-AEGXF) ... learn more on Friday, August 16, 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, August 13, 2024
Die with Zero
Recently on Money Sense there is an article about the book Die with Zero. It is a rather interesting column.
On my other blog I wrote yesterday about Badger Infrastructure Solutions Ltd (TSX-BDGI, OTC-BADFF) ... learn more. Next, I will write about GFL Environmental Inc (TSX-GFL, NYSE-GFL) ... learn more on Wednesday, August 14, 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.
On my other blog I wrote yesterday about Badger Infrastructure Solutions Ltd (TSX-BDGI, OTC-BADFF) ... learn more. Next, I will write about GFL Environmental Inc (TSX-GFL, NYSE-GFL) ... learn more on Wednesday, August 14, 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, August 8, 2024
Something to Buy August 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. Four of these stocks (19%) are showing as cheap by the historically high dividend yield. They are Canadian Tire Corp (TSX-CTC.A, OTC-CDNAF), High Liner Foods (TSX-HLF, OTC-HLNFF), Magna International Inc. (TSX-MG, NYSE-MGA), and Molson Coors Canada (TSX-TPX.B, NYSE-TAP). There is no change from last month.
Eleven (52%) 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 Sleep Country Canada Holdings Inc (TSX-ZZZ, OTC-SCCAF). K-Bro Linen Inc (TSX-KBL, OTC-KBRLF), and Stingray Digital Group Inc (TSX-RAY.A) have been removed from this list.
I follow 13 Consumer Staples stocks. One stocks (8%) are showing as cheap by the historically high dividend yield. It is Jamieson Wellness Inc (TSX-JWEL, OTC-JWLLF). Andrew Peller Ltd (TSX-ADW.A, OTC-ADWPF) and Maple Leaf Foods Inc (TSX-MFI, OTC-MLFNF) have been removed from this list.
Nine stocks (62%) 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), 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). No change from last month.
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). There is no change from last month.
Two stocks (40%) are cheap by the historical median dividend yield. The stocks are Johnson and Johnson (NYSE-JNJ), and Medtronic Inc. (NYSE-MDT). Sienna Senior Living Inc (TSX-SIA, OTC-LWSCF) has been removed from to this list.
I follow 9 Energy stocks. No stock (0%) is showing as cheap by the historical high dividend yield. There is no change from last month.
There are Five stocks (56%) showing as cheap by historical median dividend yield. They are Canadian Natural Resources (TSX-CNQ, NYSE-CNQ), Cenovus Energy Inc (TSX-CVE, NYSE-CVE), Mullen Group (TSX-MTL, OTC-MLLGF), Ovintiv Inc (TSX-OVV, OTC-OVV), and Suncor Energy (TSX-SU, NYSE-SU). There is no change from last month.
I follow 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.
Five stocks (71%) 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 Toronto Dominion Bank (TSX-TD, NYSE-TD). There is no change from last month.
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), EQB Inc (TSX-EQB, OTC-EQGPF), First National Financial Corp (TSX-FN, OTC-FNLIF), Goeasy Ltd (TSX-GSY, OTC-EHMEF), IGM Financial (TSX-IGM, OTC-IGIFF), and Power Corp (TSX-POW, OTC-PWCDF). Element Fleet Management Corp (TSX-EFN, OTC-ELEEF), had been removed from this list. First National Financial Corp (TSX-FN, OTC-FNLIF) 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 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. There is no change from last month.
One stock (14%) is showing as cheap by historical median dividend yield. It is Aecon Group Inc (TSX-ARE, OTC-AEGXF). There is no change from last month.
I have 3 stocks left with the sub-index of Industrial. None of these stocks (0%) are showing as cheap by the historically high dividend yield. There is no change from last month.
One stock (33%) is showing as cheap by historical median dividend yield. It is Finning International Inc. (TSX-FTT, OTC-FINGF). There is no change from last month.
I have 5 Manufacturing stocks. None of these stocks (0%) are showing as cheap by the historically high dividend yield. There is no change from last month.
One stock (14%) is showing as cheap by historical median dividend yield. It is Exco Technologies Ltd. (TSX-XTC, OTC-EXCOF). There is no change from last month.
I follow 17 Services stocks. One stock (6%) is showing as cheap by the historically high dividend yield. It is Titanium Transportation Group Inc (TSX-TTR, OTC-TTTGF). There is no change from last month.
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), 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), Superior Plus Corp (TSX-SPB, OTC-SUUIF), 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). Superior Plus Corp (TSX-SPB, OTC-SUUIF) has been added to this list. GFL Environmental Inc (TSX-GFL, NYSE-GFL) has been removed from this list.
I follow 10 Material stocks. No stock (0%) is showing as cheap by the historically high dividend yield.
One stock (10%) is showing as cheap by historical median dividend yield. It is Barrick Gold Corp (TSX-ABX, NYSE-ABX). There is no change from last month.
I follow 10 Real Estate stocks. No stock (0%) is showing as cheap by historically high dividend yield. It is Allied Properties REIT (TSX-AP.UN, OTC-APYRF) has been removed from this list.
Eight stocks (80%) are showing as cheap by historical median dividend yield. They are Allied Properties REIT (TSX-AP.UN, OTC-APYRF), Artis REIT (TSX-AX.UN, OTC-ARESF), Choice Properties REIT (TSX-CHP.UN, OTC-PPRQF), First Capital REIT (TSX-FCR.UN, OTC-FCXXF), Granite REIT (TSX-GRT.UN, NYSE-GRP.U), H & R REIT (TSX-HR.UN, OTC-HRUFF), Melcor Developments Inc. (TSX-MRD, OTC-MODVF), and SmartCentres REIT (TSX-SRU.UN, OTC-CWYUF). RIOCAN REIT (TSX-REI.UN, OTC-RIOCF) has removed from this list.
I follow 4 of the Telecom Service stocks. Two of the stocks (50%) are showing as cheap by historically high dividend yield. They are BCE (TSX-BCE, NYSE-BCE), and Quebecor Inc (TSX-QBR.B, OTC-QBCRF). Telus Corp (TSX-T, NYSE-TU) has been removed from 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). There is no change from last month.
Four stock (44%) are showing cheap by historical median dividend yield. They are Enghouse Systems Limited (TSX-ENGH, OTC-EGHSF), Evertz Technologies (TSX-ET, OTC-EVTZF), 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 was Evertz Technologies Ltd (TSX-ET, OTC-EVTZF) ... learn more. Next, I will write about be Superior Plus Corp (TSX-SPB, OTC-SUUIF) ... learn more on Friday, August 9, 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.
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. Four of these stocks (19%) are showing as cheap by the historically high dividend yield. They are Canadian Tire Corp (TSX-CTC.A, OTC-CDNAF), High Liner Foods (TSX-HLF, OTC-HLNFF), Magna International Inc. (TSX-MG, NYSE-MGA), and Molson Coors Canada (TSX-TPX.B, NYSE-TAP). There is no change from last month.
Eleven (52%) 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 Sleep Country Canada Holdings Inc (TSX-ZZZ, OTC-SCCAF). K-Bro Linen Inc (TSX-KBL, OTC-KBRLF), and Stingray Digital Group Inc (TSX-RAY.A) have been removed from this list.
I follow 13 Consumer Staples stocks. One stocks (8%) are showing as cheap by the historically high dividend yield. It is Jamieson Wellness Inc (TSX-JWEL, OTC-JWLLF). Andrew Peller Ltd (TSX-ADW.A, OTC-ADWPF) and Maple Leaf Foods Inc (TSX-MFI, OTC-MLFNF) have been removed from this list.
Nine stocks (62%) 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), 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). No change from last month.
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). There is no change from last month.
Two stocks (40%) are cheap by the historical median dividend yield. The stocks are Johnson and Johnson (NYSE-JNJ), and Medtronic Inc. (NYSE-MDT). Sienna Senior Living Inc (TSX-SIA, OTC-LWSCF) has been removed from to this list.
I follow 9 Energy stocks. No stock (0%) is showing as cheap by the historical high dividend yield. There is no change from last month.
There are Five stocks (56%) showing as cheap by historical median dividend yield. They are Canadian Natural Resources (TSX-CNQ, NYSE-CNQ), Cenovus Energy Inc (TSX-CVE, NYSE-CVE), Mullen Group (TSX-MTL, OTC-MLLGF), Ovintiv Inc (TSX-OVV, OTC-OVV), and Suncor Energy (TSX-SU, NYSE-SU). There is no change from last month.
I follow 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.
Five stocks (71%) 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 Toronto Dominion Bank (TSX-TD, NYSE-TD). There is no change from last month.
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), EQB Inc (TSX-EQB, OTC-EQGPF), First National Financial Corp (TSX-FN, OTC-FNLIF), Goeasy Ltd (TSX-GSY, OTC-EHMEF), IGM Financial (TSX-IGM, OTC-IGIFF), and Power Corp (TSX-POW, OTC-PWCDF). Element Fleet Management Corp (TSX-EFN, OTC-ELEEF), had been removed from this list. First National Financial Corp (TSX-FN, OTC-FNLIF) 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 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. There is no change from last month.
One stock (14%) is showing as cheap by historical median dividend yield. It is Aecon Group Inc (TSX-ARE, OTC-AEGXF). There is no change from last month.
I have 3 stocks left with the sub-index of Industrial. None of these stocks (0%) are showing as cheap by the historically high dividend yield. There is no change from last month.
One stock (33%) is showing as cheap by historical median dividend yield. It is Finning International Inc. (TSX-FTT, OTC-FINGF). There is no change from last month.
I have 5 Manufacturing stocks. None of these stocks (0%) are showing as cheap by the historically high dividend yield. There is no change from last month.
One stock (14%) is showing as cheap by historical median dividend yield. It is Exco Technologies Ltd. (TSX-XTC, OTC-EXCOF). There is no change from last month.
I follow 17 Services stocks. One stock (6%) is showing as cheap by the historically high dividend yield. It is Titanium Transportation Group Inc (TSX-TTR, OTC-TTTGF). There is no change from last month.
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), 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), Superior Plus Corp (TSX-SPB, OTC-SUUIF), 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). Superior Plus Corp (TSX-SPB, OTC-SUUIF) has been added to this list. GFL Environmental Inc (TSX-GFL, NYSE-GFL) has been removed from this list.
I follow 10 Material stocks. No stock (0%) is showing as cheap by the historically high dividend yield.
One stock (10%) is showing as cheap by historical median dividend yield. It is Barrick Gold Corp (TSX-ABX, NYSE-ABX). There is no change from last month.
I follow 10 Real Estate stocks. No stock (0%) is showing as cheap by historically high dividend yield. It is Allied Properties REIT (TSX-AP.UN, OTC-APYRF) has been removed from this list.
Eight stocks (80%) are showing as cheap by historical median dividend yield. They are Allied Properties REIT (TSX-AP.UN, OTC-APYRF), Artis REIT (TSX-AX.UN, OTC-ARESF), Choice Properties REIT (TSX-CHP.UN, OTC-PPRQF), First Capital REIT (TSX-FCR.UN, OTC-FCXXF), Granite REIT (TSX-GRT.UN, NYSE-GRP.U), H & R REIT (TSX-HR.UN, OTC-HRUFF), Melcor Developments Inc. (TSX-MRD, OTC-MODVF), and SmartCentres REIT (TSX-SRU.UN, OTC-CWYUF). RIOCAN REIT (TSX-REI.UN, OTC-RIOCF) has removed from this list.
I follow 4 of the Telecom Service stocks. Two of the stocks (50%) are showing as cheap by historically high dividend yield. They are BCE (TSX-BCE, NYSE-BCE), and Quebecor Inc (TSX-QBR.B, OTC-QBCRF). Telus Corp (TSX-T, NYSE-TU) has been removed from 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). There is no change from last month.
Four stock (44%) are showing cheap by historical median dividend yield. They are Enghouse Systems Limited (TSX-ENGH, OTC-EGHSF), Evertz Technologies (TSX-ET, OTC-EVTZF), 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 was Evertz Technologies Ltd (TSX-ET, OTC-EVTZF) ... learn more. Next, I will write about be Superior Plus Corp (TSX-SPB, OTC-SUUIF) ... learn more on Friday, August 9, 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, August 6, 2024
Dividend Stocks August 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 August 2024. On this list,
Capital Power Corp. (TSX-CPX, OTC-CPRHF)
Of the stocks I follow, 0 stock has cut their dividends.
Of the stocks I follow, 0 stock have suspended or terminated their dividend.
Of the stocks I follow, the following declined the most in their stock price. Of the stocks I follow, 33.55% had declining stock prices. Last month 52.90% of the stock had declining prices.
Of the stock that I follow, these stocks gained the most in their stock price. Of the stock I follow, 65.81% had increasing stock price. And, 0.65% or 1 stock had the same stock price as last month. Last month 46.45% of the stocks had increasing prices with 0.65% or 1 stocks of the stocks with the same price.
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 Andrew Peller Ltd (TSX-ADW.A, OTC-ADWPF) ... learn more. Next, I will write about will be Evertz Technologies Ltd (TSX-ET, OTC-EVTZF) ... learn more on Wednesday, August 7, 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.
I follow several resource stocks even though I personally have little invested in this area. I follow what I find interesting and with resource stocks, I think it is important for Canadians to know what is happening in the resource area. On the other hand, I do follow of good number of great dividend growth stocks. You might want to get the free weekly newsletter from Canadian Stock Channel which says what might be the best Canadian Dividend Stocks to buy at the present time.
The theory is that you should use the dividend yield to see if a dividend stock is selling at a stock price that is relatively cheap. A stock price is considered cheap if it is selling at a dividend yield higher than the historical high yield or higher than the historical average yield or historical median yield. Some use the 10 year average or median yield rather than the historical ones. I use median yields, always. See my spreadsheet at dividend growth stocks that I just updated for August 2024. On this list,
- I have 11 stocks with a dividend yield higher than the historical high dividend yield,
- I have 84 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
- 90 stocks with a dividend yield higher than the 10 year average dividend yield.
- I have 16 stocks with a dividend yield higher than the historical high dividend yield,
- I have 89 stocks with a dividend yield higher than the historical median dividend yield
- I have 9 stocks with a dividend yield higher than the 10 year high dividend yield and
- 99 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.
Capital Power Corp. (TSX-CPX, OTC-CPRHF)
Of the stocks I follow, 0 stock has cut their dividends.
Of the stocks I follow, 0 stock have suspended or terminated their dividend.
Of the stocks I follow, the following declined the most in their stock price. Of the stocks I follow, 33.55% had declining stock prices. Last month 52.90% of the stock had declining prices.
| Name | Exch | Sym | Exch | Sym | Chge SP |
|---|---|---|---|---|---|
| Chesswood Group | TSX | CHW | OTC | CHWWF | -48.64% |
| Trigon Metals Inc. | TSXV | TM | OTC | PNTZF | -18.02% |
| Pason Systems Inc. | TSX | PSI | OTC | PSYTF | -15.63% |
| Cargojet Inc | TSX | CJT | OTC | CGJTF | -14.36% |
| Obsidian Energy Ltd | TSX | OBE | NYSE | OBE | -13.96% |
| Superior Plus Corp | TSX | SPB | OTC | SUUIF | -13.19% |
| Badger Infrastructure | TSX | BDGI | OTC | BADFF | -12.07% |
| Veren Inc | TSX | VRN | NYSE | VRN | -11.12% |
| Bird Construction Inc | TSX | BDT | OTC | BIRDF | -10.96% |
| Blackberry Ltd. (RIM) | TSX | BB | NYSE | BB | -10.82% |
Of the stock that I follow, these stocks gained the most in their stock price. Of the stock I follow, 65.81% had increasing stock price. And, 0.65% or 1 stock had the same stock price as last month. Last month 46.45% of the stocks had increasing prices with 0.65% or 1 stocks of the stocks with the same price.
| Name | Exch | Sym | Exch | Sym | Chge SP |
|---|---|---|---|---|---|
| Johnson and Johnson | NE | JNJ | NYSE | JNJ | 12.32% |
| FirstService Corp | TSX | FSV | NASDAQ | FSV | 13.27% |
| TECSYS Inc | TSX | TCS | OTC | TCYSF | 14.32% |
| TC Energy Corp | TSX | TRP | NYSE | TRP | 14.33% |
| TransAlta Corp | TSX | TA | NYSE | TAC | 14.64% |
| Agnico Eagle Mines Ltd | TSX | AEM | NYSE | AEM | 16.38% |
| Leon's Furniture | TSX | LNF | OTC | LEFUF | 17.43% |
| Cogeco Communications | TSX | CCA | OTC | CGEAF | 23.69% |
| WildBrain Ltd | TSX | WILD | OTC | WLDBF | 25.89% |
| Sleep Country Canada | TSX | ZZZ | OTC | SCCAF | 34.01% |
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 Andrew Peller Ltd (TSX-ADW.A, OTC-ADWPF) ... learn more. Next, I will write about will be Evertz Technologies Ltd (TSX-ET, OTC-EVTZF) ... learn more on Wednesday, August 7, 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, August 1, 2024
BCE
I want to start talking about stocks I have had for the long term. This is basically what I have talking about. Buy good companies and keep them. The first one to talk about is BCE (TSX-BCE, NYSE-BCE) which I first bought in 1982. I only have figures in Quicken from 1987, but I currently have a total return of 12.29% per year with 5.46% from capital gains and 6.83% from dividends to July 31, 2024.
I used the dividend reinvestment plan at first and put in an extra $100 once in a while, which you could do with the early dividend reinvestment plans. I stopped using the dividend reinvestment plan because the accounting I needed to keep got too complicated. I also made several purchases of this stock after I stop the dividend reinvestment plan between 1999 and 2022, my last purchase being in December 2022.
Unfortunately, this investment got complicated with the spin offs of Nortel Networks and Bell Aliant. I noticed that with every spin-off, I was left with an odd number of shares. I did not keep with Nortel Networks nor Bell Aliant for the long term and sold both a few years after I got them.
On my other blog I wrote yesterday about Stingray Digital Group Inc (TSX-RAY.A, OTC-NONE) ... learn more. Next, I will write about BlackBerry Ltd (TSX-BB, NYSE-BB) ... learn more on Friday, August 2, 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.
I used the dividend reinvestment plan at first and put in an extra $100 once in a while, which you could do with the early dividend reinvestment plans. I stopped using the dividend reinvestment plan because the accounting I needed to keep got too complicated. I also made several purchases of this stock after I stop the dividend reinvestment plan between 1999 and 2022, my last purchase being in December 2022.
Unfortunately, this investment got complicated with the spin offs of Nortel Networks and Bell Aliant. I noticed that with every spin-off, I was left with an odd number of shares. I did not keep with Nortel Networks nor Bell Aliant for the long term and sold both a few years after I got them.
On my other blog I wrote yesterday about Stingray Digital Group Inc (TSX-RAY.A, OTC-NONE) ... learn more. Next, I will write about BlackBerry Ltd (TSX-BB, NYSE-BB) ... learn more on Friday, August 2, 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.
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