See the Nature Briefing Web Site. This is good science newsletter that is free. If you scroll to the end of the web site you can see what sort of Newsletter. I get their Nature Briefing Daily, Nature Briefing Weekly, Nature Briefing Anthropocene and Nature Briefing Microbiology.
On my other blog I wrote yesterday about Keg Royalties Income Fund (TSX-KEG.UN, OTC-KRIUF) ... learn more. Next, I will write about Stantec Inc (TSX-STN, NYSE-STN) ... learn more on Friday, November 29, 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, November 28, 2024
Tuesday, November 26, 2024
Leon's Furniture
I want to talk 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 Leon's Furniture (TSX-LNF, OTC-LEFUF) which I first bought in 2006 for my Trading account and my RRSP Account. I made additional purchases for both these accounts. I have made 8.86% per year with 5.85% from capital gains 3.01% from dividends.
This stock has a moderate dividend yield of 3.64% currently. I have data on this company going back 35 years and during that time they have increased the dividends 20 times. There have been no decreases. Dividend increases are low (below 8%) at 5.06% over the past 5 years. The last dividend increase was in 2024 and it was for 11%. For my latest blog entry on this company in April 2024, click here.
This has been a good investment for me as it has done well over the long term. It may not be the sort of stock that comes to mind when you want to invest, but it has been a solid investment.
On my other blog I wrote yesterday about Wild Brain Ltd (TSX-WILD, OTC-WLDBF) ... learn more. Next, I will write about Keg Royalties Income Fund (TSX-KEG.UN, OTC-KRIUF) ... learn more on Wednesday, November 27, 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 Leon's Furniture (TSX-LNF, OTC-LEFUF) which I first bought in 2006 for my Trading account and my RRSP Account. I made additional purchases for both these accounts. I have made 8.86% per year with 5.85% from capital gains 3.01% from dividends.
This stock has a moderate dividend yield of 3.64% currently. I have data on this company going back 35 years and during that time they have increased the dividends 20 times. There have been no decreases. Dividend increases are low (below 8%) at 5.06% over the past 5 years. The last dividend increase was in 2024 and it was for 11%. For my latest blog entry on this company in April 2024, click here.
This has been a good investment for me as it has done well over the long term. It may not be the sort of stock that comes to mind when you want to invest, but it has been a solid investment.
On my other blog I wrote yesterday about Wild Brain Ltd (TSX-WILD, OTC-WLDBF) ... learn more. Next, I will write about Keg Royalties Income Fund (TSX-KEG.UN, OTC-KRIUF) ... learn more on Wednesday, November 27, 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, November 21, 2024
Socializing for Seniors
I live in Toronto. There is a lot for Seniors to do and socializing if very good for Seniors.
First of all, there are lots of Probus Clubs in Toronto. Go to their site and put in Toronto opposite “Zoom”, press enter and lots of Toronto Clubs will come up. The one problem is that they do have waiting lists and once you get on the list, it may take a year to be able to join. There is an annual fee. They have lots of activities all run by members.
You can join Meet Up in Toronto. Once you join you can say what you like to do and join a group. Generally, you will be charged a nominal fee to be at an event. It is free to join meetup and it is free to join a group.
There is also UK Connexion in Toronto. It is for single older adults. You do not have to be British. There is a $5 fee for each event.
All these clubs meet for socializing. They met for lunch, dinner or at a pub. They all have walks. There are also events like going to the movies, plays, opera, ballet. There are also bus trips to different places, like Niagara on the Lake or Strafford for plays. With meetup, there are lots of different groups, so whatever you like to do, there is probably a group for that. The Probus and UKC have members organize events.
On my other blog I wrote yesterday about First Capital REIT (TSX-FCR.UN, OTC-FCXXF) ... learn more. Next, I will write about Stella-Jones Inc (TSX-SJ, OTC-STLJF) ... learn more on Friday, November 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.
First of all, there are lots of Probus Clubs in Toronto. Go to their site and put in Toronto opposite “Zoom”, press enter and lots of Toronto Clubs will come up. The one problem is that they do have waiting lists and once you get on the list, it may take a year to be able to join. There is an annual fee. They have lots of activities all run by members.
You can join Meet Up in Toronto. Once you join you can say what you like to do and join a group. Generally, you will be charged a nominal fee to be at an event. It is free to join meetup and it is free to join a group.
There is also UK Connexion in Toronto. It is for single older adults. You do not have to be British. There is a $5 fee for each event.
All these clubs meet for socializing. They met for lunch, dinner or at a pub. They all have walks. There are also events like going to the movies, plays, opera, ballet. There are also bus trips to different places, like Niagara on the Lake or Strafford for plays. With meetup, there are lots of different groups, so whatever you like to do, there is probably a group for that. The Probus and UKC have members organize events.
On my other blog I wrote yesterday about First Capital REIT (TSX-FCR.UN, OTC-FCXXF) ... learn more. Next, I will write about Stella-Jones Inc (TSX-SJ, OTC-STLJF) ... learn more on Friday, November 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.
Tuesday, November 19, 2024
Luxury Beliefs
On this post Ron Henderson talks about luxury beliefs. A luxury belief is a term used to illustrate an idea or opinion that confers status on members of the upper class at little cost, while inflicting costs on persons in lower classes. There is an article on this
Wikipedia
On my other blog I wrote yesterday about FirstService Corp (TSX-FSV, NASDAQ-FSV) ... learn more. Next, I will write about First Capital REIT (TSX-FCR.UN, OTC-FCXXF) ... learn more on Wednesday, November 20, 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 FirstService Corp (TSX-FSV, NASDAQ-FSV) ... learn more. Next, I will write about First Capital REIT (TSX-FCR.UN, OTC-FCXXF) ... learn more on Wednesday, November 20, 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, November 14, 2024
Trump and Women’s Issues
There is an interesting article on Free Press about how the Democrats picked the wrong Women’s Rights Issue.
On my other blog I wrote yesterday about Chesswood Group Ltd (TSX-CHW, OTC-CHWWF) ... learn more. Next, I will write about Northland Power Inc (TSX-NPI, OTC-NPIFF) ... learn more on Friday, November 15, 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 Chesswood Group Ltd (TSX-CHW, OTC-CHWWF) ... learn more. Next, I will write about Northland Power Inc (TSX-NPI, OTC-NPIFF) ... learn more on Friday, November 15, 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, November 12, 2024
Trump and Canada
This article on Money Sense talks about what Trump’s election means for the Canadian economy.
On my other blog I wrote yesterday about Quarterhill Inc (TSX-QTRH, OTC-QTRHF) ... learn more. Next, I will write about Chesswood Group Ltd (TSX-CHW, OTC-CHWWF) ... learn more on Wednesday, November 13, 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 Quarterhill Inc (TSX-QTRH, OTC-QTRHF) ... learn more. Next, I will write about Chesswood Group Ltd (TSX-CHW, OTC-CHWWF) ... learn more on Wednesday, November 13, 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, November 7, 2024
Something to Buy November 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 20 stocks in the Consumer Discretionary category. Three of these stocks (10%) are showing as cheap by the historically high dividend yield. They are BRP Inc (TSX-DOO, NASDAQ-DOOO), Canadian Tire Corp (TSX-CTC.A, OTC-CDNAF), Magna International Inc. (TSX-MG, NYSE-MGA). BRP Inc (TSX-DOO, NASDAQ-DOOO) has been added to this list. I am down 1 stock, Sleep Country Canada Holdings Inc (TSX-ZZZ, OTC-SCCAF) as it has been bought out.
Nine (45%) 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), 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), and Richelieu Hardware Ltd (TSX-RCH, OTC-RHUHF).
Goodfellow Inc (TSX-GDL, OTC-GFELF), and Stingray Digital Group Inc (TSX-RAY.A, OTC-STGYF) have been removed from this list. Sleep Country Canada Holdings Inc (TSX-ZZZ, OTC-SCCAF) has been bought out and so also removed.
I follow 13 Consumer Staples stocks. Four stocks (31%) are showing as cheap by the historically high dividend yield. They are Andrew Peller Ltd (TSX-ADW.A, Jamieson Wellness Inc (TSX-JWEL, OTC-JWLLF), Maple Leaf Foods Inc (TSX-MFI, OTC-MLFNF), and Saputo Inc. (TSX-SAP, OTC-SAPIF). Saputo Inc. (TSX-SAP, OTC-SAPIF) has been added to 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). There is no change from last month.
I follow 9 Energy stocks. No stock (0%) is showing as cheap by the historical high dividend yield. There is no change from last month.
There are Five stocks (56%) showing as cheap by historical median dividend yield. They are Canadian Natural Resources (TSX-CNQ, NYSE-CNQ), Cenovus Energy Inc (TSX-CVE, NYSE-CVE), Mullen Group (TSX-MTL, OTC-MLLGF), Ovintiv Inc (TSX-OVV, OTC-OVV), and Suncor Energy (TSX-SU, NYSE-SU). There is no change from last month.
I follow 26 Financial stocks under the categories of Banks (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.
Three stocks (43%) 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), 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.
Six stocks (43%) are showing as cheap by the historical median dividend yield. These stocks are Alaris Equity Partners Income Trust (TSX-AD.UN, OTC-ALARF), Atrium Mortgage Investment Corp (TSX-AI, OTC-AMIVF), 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). AGF Management Ltd (TSX-AGF.B, OTC-AGFMF), CI Financial (TSX-CIX, NYSE-CIXX) have been removed from this list.
I follow 5 Insurance stocks. None of these stocks (0%) are showing as cheap by the historically high dividend yield. There is no change from last month.
Four stocks (80%) are showing as cheap by historical median dividend yield. These stocks are Great-West Lifeco Inc. (TSX-GWO, OTC-GWLIF), IA Financial Corp (TSX-IAG, OTC-IDLLF), and Manulife Financial Corp (TSX-MFC, NYSE-MFC), Sun Life Financial (TSX-SLF, NYSE-SLF). There is no change from last month.
I follow 32 Industrial stocks. Because I have so many and Industrial, I have divided my Industrial stocks into 4 separate categories under Industrial. They are Construction (7), Industrial (3), Manufacturing (5) and (Business) Services (17).
I have 7 Construction stocks. 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). 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. There is no change from last month.
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 stock (0%) is showing as cheap by historically high dividend yield. There is no change from last month.
Six stocks (60%) are showing as cheap by historical median dividend yield. They are Allied Properties REIT (TSX-AP.UN, OTC-APYRF), Artis REIT (TSX-AX.UN, OTC-ARESF), ). First Capital REIT (TSX-FCR.UN, OTC-FCXXF), Granite REIT (TSX-GRT.UN, NYSE-GRP.U), Melcor Developments Inc. and (TSX-MRD, OTC-MODVF), and SmartCentres REIT (TSX-SRU.UN, OTC-CWYUF). First Capital REIT (TSX-FCR.UN, OTC-FCXXF), and Granite REIT (TSX-GRT.UN, NYSE-GRP.U) have been added to this list.
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). There is no change from last month.
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. There is no change from last month.
Two stocks (29%) are showing cheap by historical median dividend yield. They are 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. No stock (0%) is showing as cheap by historical high dividend yield.
Five stocks (56%) are showing as cheap by historical median dividend yield. Those stocks are ATCO Ltd (TSX-ACO.X, OTC-ACLLF), Boralex Inc (TSX-BLX, OTC-BRLXF), 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 Veren Inc (TSX-VRN, NYSE-VRN) ... learn more. Next, I will write about Finning International Inc (TSX-FTT, OTC-FINGF) ... learn more on Friday, November 8, 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 20 stocks in the Consumer Discretionary category. Three of these stocks (10%) are showing as cheap by the historically high dividend yield. They are BRP Inc (TSX-DOO, NASDAQ-DOOO), Canadian Tire Corp (TSX-CTC.A, OTC-CDNAF), Magna International Inc. (TSX-MG, NYSE-MGA). BRP Inc (TSX-DOO, NASDAQ-DOOO) has been added to this list. I am down 1 stock, Sleep Country Canada Holdings Inc (TSX-ZZZ, OTC-SCCAF) as it has been bought out.
Nine (45%) 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), 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), and Richelieu Hardware Ltd (TSX-RCH, OTC-RHUHF).
Goodfellow Inc (TSX-GDL, OTC-GFELF), and Stingray Digital Group Inc (TSX-RAY.A, OTC-STGYF) have been removed from this list. Sleep Country Canada Holdings Inc (TSX-ZZZ, OTC-SCCAF) has been bought out and so also removed.
I follow 13 Consumer Staples stocks. Four stocks (31%) are showing as cheap by the historically high dividend yield. They are Andrew Peller Ltd (TSX-ADW.A, Jamieson Wellness Inc (TSX-JWEL, OTC-JWLLF), Maple Leaf Foods Inc (TSX-MFI, OTC-MLFNF), and Saputo Inc. (TSX-SAP, OTC-SAPIF). Saputo Inc. (TSX-SAP, OTC-SAPIF) has been added to 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). There is no change from last month.
I follow 9 Energy stocks. No stock (0%) is showing as cheap by the historical high dividend yield. There is no change from last month.
There are Five stocks (56%) showing as cheap by historical median dividend yield. They are Canadian Natural Resources (TSX-CNQ, NYSE-CNQ), Cenovus Energy Inc (TSX-CVE, NYSE-CVE), Mullen Group (TSX-MTL, OTC-MLLGF), Ovintiv Inc (TSX-OVV, OTC-OVV), and Suncor Energy (TSX-SU, NYSE-SU). There is no change from last month.
I follow 26 Financial stocks under the categories of Banks (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.
Three stocks (43%) 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), 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.
Six stocks (43%) are showing as cheap by the historical median dividend yield. These stocks are Alaris Equity Partners Income Trust (TSX-AD.UN, OTC-ALARF), Atrium Mortgage Investment Corp (TSX-AI, OTC-AMIVF), 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). AGF Management Ltd (TSX-AGF.B, OTC-AGFMF), CI Financial (TSX-CIX, NYSE-CIXX) have been removed from this list.
I follow 5 Insurance stocks. None of these stocks (0%) are showing as cheap by the historically high dividend yield. There is no change from last month.
Four stocks (80%) are showing as cheap by historical median dividend yield. These stocks are Great-West Lifeco Inc. (TSX-GWO, OTC-GWLIF), IA Financial Corp (TSX-IAG, OTC-IDLLF), and Manulife Financial Corp (TSX-MFC, NYSE-MFC), Sun Life Financial (TSX-SLF, NYSE-SLF). There is no change from last month.
I follow 32 Industrial stocks. Because I have so many and Industrial, I have divided my Industrial stocks into 4 separate categories under Industrial. They are Construction (7), Industrial (3), Manufacturing (5) and (Business) Services (17).
I have 7 Construction stocks. 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). 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. There is no change from last month.
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 stock (0%) is showing as cheap by historically high dividend yield. There is no change from last month.
Six stocks (60%) are showing as cheap by historical median dividend yield. They are Allied Properties REIT (TSX-AP.UN, OTC-APYRF), Artis REIT (TSX-AX.UN, OTC-ARESF), ). First Capital REIT (TSX-FCR.UN, OTC-FCXXF), Granite REIT (TSX-GRT.UN, NYSE-GRP.U), Melcor Developments Inc. and (TSX-MRD, OTC-MODVF), and SmartCentres REIT (TSX-SRU.UN, OTC-CWYUF). First Capital REIT (TSX-FCR.UN, OTC-FCXXF), and Granite REIT (TSX-GRT.UN, NYSE-GRP.U) have been added to this list.
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). There is no change from last month.
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. There is no change from last month.
Two stocks (29%) are showing cheap by historical median dividend yield. They are 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. No stock (0%) is showing as cheap by historical high dividend yield.
Five stocks (56%) are showing as cheap by historical median dividend yield. Those stocks are ATCO Ltd (TSX-ACO.X, OTC-ACLLF), Boralex Inc (TSX-BLX, OTC-BRLXF), 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 Veren Inc (TSX-VRN, NYSE-VRN) ... learn more. Next, I will write about Finning International Inc (TSX-FTT, OTC-FINGF) ... learn more on Friday, November 8, 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, November 5, 2024
Dividend Stocks November 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 November 2024. On this list,
Bird Construction Inc (TSX-BDT, OTC-BIRDF)
Canadian Natural Resources (TSX-CNQ, NYSE-CNQ)
Cogeco Communications Inc (TSX-CCA, OTC-CGEAF)
Emera Inc (TSX-EMA, OTC-EMRAF)
TFI International Inc (TSX-TFII, NYSE-TFII)
Waste Connections Inc (TSX-WCN, NYSE-WCN)
Of the stocks I follow, 1 stock has cut their dividends.
Goodfellow Inc (TSX-GDL, OTC-GFELF)
Of the stocks I follow, 0 stock have suspended or terminated their dividend.
I have removed Sleep Country Canada Holdings Inc (TSX-ZZZ, OTC-SCCAF) from my list because it was bought out by Fairfax Financial September 25, 2024. See the announcement.
Of the stocks I follow, the following declined the most in their stock price. Of the stocks I follow, 51.95% had declining stock prices. Last month 28.39% 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, 46.10% had increasing stock price. And, 1.95% or 3 stock had the same stock price as last month. Last month 69.68% of the stocks had increasing prices with 1.94% or 3 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 yesterday about Innergex Renewable Energy (TSX-INE, OTC-INGXF) ... learn more. Next, I will write about Veren Inc (TSX-VRN, NYSE-VRN) ... learn more on Wednesday, November 6, 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 November 2024. On this list,
- I have 12 stocks with a dividend yield higher than the historical high dividend yield,
- I have 75 stocks with a dividend yield higher than the historical median dividend yield
- I have 8 stocks with a dividend yield higher than the 10 year high dividend yield and
- 75 stocks with a dividend yield higher than the 10 year average dividend yield.
- I have 11 stocks with a dividend yield higher than the historical high dividend yield,
- I have 78 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
- 80 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.
Bird Construction Inc (TSX-BDT, OTC-BIRDF)
Canadian Natural Resources (TSX-CNQ, NYSE-CNQ)
Cogeco Communications Inc (TSX-CCA, OTC-CGEAF)
Emera Inc (TSX-EMA, OTC-EMRAF)
TFI International Inc (TSX-TFII, NYSE-TFII)
Waste Connections Inc (TSX-WCN, NYSE-WCN)
Of the stocks I follow, 1 stock has cut their dividends.
Goodfellow Inc (TSX-GDL, OTC-GFELF)
Of the stocks I follow, 0 stock have suspended or terminated their dividend.
I have removed Sleep Country Canada Holdings Inc (TSX-ZZZ, OTC-SCCAF) from my list because it was bought out by Fairfax Financial September 25, 2024. See the announcement.
Of the stocks I follow, the following declined the most in their stock price. Of the stocks I follow, 51.95% had declining stock prices. Last month 28.39% of the stock had declining prices.
| Name | Exch | Sym | Exch | Sym | Chge SP |
|---|---|---|---|---|---|
| WildBrain Ltd | TSX | WILD | OTC | WLDBF | -17.69% |
| Veren Inc | TSX | VRN | NYSE | VRN | -16.49% |
| BRP Inc | TSX | DOO | NASDAQ | DOOO | -15.42% |
| Innergex Renewable | TSX | INE | OTC | INGXF | -15.21% |
| Superior Plus Corp | TSX | SPB | OTC | SUUIF | -13.18% |
| Northland Power Inc | TSX | NPI | OTC | NPIFF | -11.55% |
| Linamar Corporation | TSX | LNR | OTC | LIMAF | -11.35% |
| HLS Therapeutics Inc | TSX | HLS | OTC | HLTRF | -11.20% |
| Algonquin Power | TSX | AQN | NYSE | AQN | -10.99% |
| Allied Properties REIT | TSX | AP.UN | OTC | APYRF | -10.51% |
Of the stock that I follow, these stocks gained the most in their stock price. Of the stock I follow, 46.10% had increasing stock price. And, 1.95% or 3 stock had the same stock price as last month. Last month 69.68% 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 |
|---|---|---|---|---|---|
| GFL Environmental Inc | TSX | GFL | NYSE | GFL | 9.32% |
| RB Global Inc | TSX | RBA | NYSE | RBA | 9.47% |
| Ensign Energy Services | TSX | ESI | OTC | ESVIF | 10.23% |
| Capital Power Corp. | TSX | CPX | OTC | CPRHF | 10.93% |
| AGF Management Ltd | TSX | AGF.B | OTC | AGFMF | 18.75% |
| CI Financial | TSX | CIX | OTC | CIXXF | 24.71% |
| AtkinsRéalis | TSX | ATRL | OTC | SNCAF | 25.71% |
| Bird Construction Inc | TSX | BDT | OTC | BIRDF | 30.27% |
| Aecon Group Inc | TSX | ARE | OTC | AEGXF | 32.39% |
| McCoy Global Inc | TSX | MCB | OTC | MCCRF | 50.42% |
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 yesterday about Innergex Renewable Energy (TSX-INE, OTC-INGXF) ... learn more. Next, I will write about Veren Inc (TSX-VRN, NYSE-VRN) ... learn more on Wednesday, November 6, 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.
Subscribe to:
Posts (Atom)