I recently had a party and there were mostly women. It would seem that the only thing these women bought at the Bay was underwear. (Maybe why the Bay went bankrupt?) Specifically, they bought Jockey underwear. One woman said that we could buy Jockey underwear at Mark’s Work Wearhouse. So now we all know where to go to get underwear. We also found out that there is one shop near Canadian Tire at Dundas and Bay. Interesting conversation.
On my other blog I wrote yesterday about Computer Modelling Group Ltd (TSX-CMG, OTC-CMDXF) ... learn more. Next, I will write about Saputo Inc (TSX-SAP, OTC-SAPIF) ... learn more on Wednesday, July 2, 2025 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.
Wednesday, July 2, 2025
Thursday, June 26, 2025
George Friedman
George Friedman is interviewed on YouTube by Daniela Combone.
On my other blog I wrote yesterday about CI Financial Corp (TSX-CIX, NYSE-CIXX) ... learn more. Next, I will write about Parkland Fuel Corp (TSX-PKI, OTC-PKIUF) ... learn more on Friday, June 27, 2025 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 CI Financial Corp (TSX-CIX, NYSE-CIXX) ... learn more. Next, I will write about Parkland Fuel Corp (TSX-PKI, OTC-PKIUF) ... learn more on Friday, June 27, 2025 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, June 24, 2025
Decolonizing and India
Daniel Sunkari on Substack writes an interesting article on Dalits, the British and Hindu Nationalism.
On my other blog I wrote yesterday about Waste Connections Inc (TSX-WCN, NYSE-WCN) ... learn more. Next, I will write about CI Financial Corp (TSX-CIX, NYSE-CIXX) ... learn more on Wednesday, June 25, 2025 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 Waste Connections Inc (TSX-WCN, NYSE-WCN) ... learn more. Next, I will write about CI Financial Corp (TSX-CIX, NYSE-CIXX) ... learn more on Wednesday, June 25, 2025 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.
Sunday, June 15, 2025
Thursday, June 12, 2025
Mike Higgs
I was influence in my buying of stocks of Mike Higgs who was an early blogger talking about stocks. This was his list of stocks in the last year he blogged. Unfortunately, Mike died of cancer so his blog has disappeared. I did buy a number of the stocks he recommended.
Mike Higgs published a spreadsheet where he determined whether a stock was cheap or not based on current dividend compared to the stock’s historical high yield and historical average yield.
On my other blog I wrote yesterday about Sylogist Ltd (TSX-SYZ, OTC-SYZLF) ... learn more. Next, I will write about Algonquin Power & Utilities Corp (TSX-AQN, NTSE-AQN) ... learn more on Friday, June 13, 2025 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.
| Company | Sym |
|---|---|
| AGF Management | AGF.B |
| Andrew Peller | ADW.A |
| ATCO | ACO.X |
| BCE | BCE |
| Bk of Montreal | BMO |
| Bk Of Nova Scotia | BNS |
| Brookfield | BAM.A |
| Canadian National | CNR |
| Canadian Pacific | CP |
| Canadian Utilities | CU |
| Caribbean Util US$ | CUP.U |
| Cdn Western Bk | CWB |
| CIBC | CM |
| Emera | EMA |
| Empire Company | EMP.A |
| Enbridge | ENB |
| Fortis | FTS |
| George Weston | WN |
| Great-West | GWO |
| IGM Financial | IGM |
| Imperial Oil | IMO |
| Jean Coutu | PJC.A |
| Laurentian Bk | LB |
| Leons | LNF |
| Loblaw | L |
| Manulife Financial | MFC |
| Melcor Dev | MRD |
| Metro Inc | MRU.A |
| Molson Coors | TPX.B |
| National Bk | NA |
| Petro-Canada | PCA |
| Power Corp | POW |
| Power Financial | PWF |
| Reitmans | RET.A |
| Royal Bk | RY |
| Russel Metals | RUS |
| Saputo | SAP |
| SNC-Lavalin | SNC |
| Sun Life | SLF |
| TD Bank | TD |
| Thomson Reuters | TRI |
| Toromont Ind | TIH |
| TransAlta | TA |
| TransCanada | TRP |
| Transcontinental | TCL.A |
| TSX Group | X |
| West Fraser Timber | WFT |
Mike Higgs published a spreadsheet where he determined whether a stock was cheap or not based on current dividend compared to the stock’s historical high yield and historical average yield.
On my other blog I wrote yesterday about Sylogist Ltd (TSX-SYZ, OTC-SYZLF) ... learn more. Next, I will write about Algonquin Power & Utilities Corp (TSX-AQN, NTSE-AQN) ... learn more on Friday, June 13, 2025 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, June 10, 2025
Home Buying in Canada
An article on Money Sense gives the complete guide for first-time home buyers in Canada.
On my other blog I wrote yesterday about Ensign Energy Services (TSX-ESI, OTC-ESVIF) ... learn more. Next, I will write about Sylogist Ltd (TSX-SYZ, OTC-SYZLF) ... learn more on Wednesday, June 11, 2025 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 Ensign Energy Services (TSX-ESI, OTC-ESVIF) ... learn more. Next, I will write about Sylogist Ltd (TSX-SYZ, OTC-SYZLF) ... learn more on Wednesday, June 11, 2025 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, June 5, 2025
Something to Buy June 2025
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 June 2025 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). There is no change from last month.
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), Goodfellow Inc (TSX-GDL, OTC-GFELF), High Liner Foods (TSX-HLF, OTC-HLNFF), 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). Keg Royalties Income Fund, (TSX-KEG.UN, OTC-KRIUF) has been removed from this list.
I follow 13 Consumer Staples stocks. Two stocks (15%) are showing as cheap by the historically high dividend yield. They are Jamieson Wellness Inc (TSX-JWEL, OTC-JWLLF), and Saputo Inc. (TSX-SAP, OTC-SAPIF). Maple Leaf Foods Inc (TSX-MFI, OTC-MLFNF) has been removed from this list.
Eight 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), and Saputo Inc. (TSX-SAP, OTC-SAPIF). Metro Inc (TSX-MRU-OTC-MTRAF) has been removed from this list.
I follow Five Health Care stocks. One of these stocks (20%) is showing as cheap by the historically high dividend yield. It is Medtronic PCL (NYSE-MDT). 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 8 Energy stocks. Veren Inc (TSX-VRN, NYSE-VRN) was acquired by Whitecap Resources Inc. (TSX-WCP, OTC-SPGYF) on March 10, 2025, so the number of energy stocks I am following has gone from 9 to 8.
Two stocks (25%) are showing as cheap by the historical high dividend yield. They are Canadian Natural Resources (TSX-CNQ, NYSE-CNQ), and Cenovus Energy Inc (TSX-CVE, NYSE-CVE). There is no change from last month.
There are Five stocks (63%) 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 27 Financial stocks under the categories of Banks (7), Financial Services (15), 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.
Two stocks (29%) are showing as cheap by historical median dividend yield. They are Bank of Nova Scotia (TSX-BNS, NYSE-BNS), and Toronto Dominion Bank (TSX-TD, NYSE-TD). Bank of Montreal (TSX-BMO, NYSE-BMO) has been deleted from this list.
I follow 15 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.
Seven stocks (47%) 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), Guardian Capital Group (TSX-GCG.A, OTC-GCAAF), IGM Financial (TSX-IGM, OTC-IGIFF), and Power Corp (TSX-POW, OTC-PWCDF). AGF Management Ltd (TSX-AGF.B, OTC-AGFMF) and First National Financial Corp (TSX-FN, OTC-FNLIF) have been removed from this list. Alaris Equity Partners Income Trust (TSX-AD.UN, OTC-ALARF) has been added to this list.
I follow 5 Insurance stocks. None of these stocks (0%) is showing as cheap by the historically high dividend yield. Manulife Financial Corp (TSX-MFC, NYSE-MFC) has been deleted from this list.
Three stocks (60%) are showing as cheap by historical median dividend yield. These stocks are Great-West Lifeco Inc. (TSX-GWO, OTC-GWLIF), Manulife Financial Corp (TSX-MFC, NYSE-MFC), and Sun Life Financial (TSX-SLF, NYSE-SLF). There is no change from last month.
I follow 33 Industrial stocks. Because I have so many and Industrial, I have divided my Industrial stocks into 4 separate categories under Industrial. They are Construction (7), Industrial (3), Manufacturing (5) and (Business) Services (18).
I have 7 Construction stocks. No stock (0%) is showing as cheap by the historically high dividend yield. There is no change from last month.
Two stock (29%) is showing as cheap by historical median dividend yield. It is Aecon Group Inc (TSX-ARE, OTC-AEGXF), and Toromont Industries Ltd (TSX-TIH, OTC-TMTNF). There is no change from last month.
I have 3 stocks left with the sub-index of Industrial. None of these stocks (0%) are showing as cheap by the historically high dividend yield. There is no change from last month.
One stock (33%) is showing as cheap by historical median dividend yield. It is Finning International Inc. (TSX-FTT, OTC-FINGF). There is no change from last month.
I have 5 Manufacturing stocks. None of these stocks (0%) are showing as cheap by the historically high dividend yield. There is no change from last month.
One stock (14%) is showing as cheap by historical median dividend yield. It is Exco Technologies Ltd. (TSX-XTC, OTC-EXCOF). There is no change from last month.
I follow 18 Services stocks. One stock (6%) is showing as cheap by the historically high dividend yield. It is Canadian National Railway (TSX-CNR, NYSE-CNI.). There is no change from last month.
Nine stock (50%) are showing as cheap by historical median dividend yield. They are Algoma Central Corporation (TSX-ALC, OTC-AGMJF), Canadian National Railway (TSX-CNR, NYSE-CNI), 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), 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.
Four stock (40%) is showing as cheap by historical median dividend yield. They are Adentra Inc (TSX-ADEN, OTC-HDIUF), Agnico Eagle Mines Ltd (TSX-AEM, NYSE-AEM), Barrick Mining 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.
Seven stocks (70%) 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), RIOCAN REIT (TSX-REI.UN, OTC-RIOCF) and SmartCentres REIT (TSX-SRU.UN, OTC-CWYUF). Choice Properties REIT (TSX-CHP.UN, OTC-PPRQF), FirstService Corp (TSX-FSV, NASDAQ-FSV) have been removed from this list.
I follow 4 of the Telecom Service stocks. 3 of the stocks (75%) are showing as cheap by historically high dividend yield. They are Cogeco Communications Inc (TSX-CCA, OTC-CGEAF), Quebecor Inc (TSX-QBR.B, OTC-QBCRF), and Telus Corp (TSX-T, NYSE-TU). BCE (TSX-BCE, NYSE-BCE) 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 7 Tech stocks. One stock (14%) is showing as cheap by historical high dividend yield. It is Enghouse Systems Limited (TSX-ENGH, OTC-EGHSF). Evertz Technologies (TSX-ET, OTC-EVTZF) has been deleted from this list.
Three stock (43%) are showing cheap by historical median dividend yield. They are Enghouse Systems Limited (TSX-ENGH, OTC-EGHSF), Evertz Technologies (TSX-ET, OTC-EVTZF), and Sylogist Ltd (TSXV-SYZ, OTC-SYZLF). There is no change from last month.
I follow 8 of the Infrastructure Type stocks. No stock (0%) is showing as cheap by historical high dividend yield. There is no change from last month. South Bow Corp (TSX-SOBO, NYSE-SOBO) is showing as cheap, but I have little data on this stock. I am waiting to have more data on this stock.
Two stocks (25%) 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. South Bow Corp (TSX-SOBO, NYSE-SOBO) is showing as cheap but I have little data on this stock.
I follow 9 of the Power Type utility companies. No stock (0%) is showing as cheap by historical high dividend yield.
Three stocks (33%) are showing as cheap by historical median dividend yield. Those stocks are Algonquin Power & Utilities Corp (TSX-AQN, NYSE-AQN), Boralex Inc (TSX-BLX, OTC-BRLXF), and Canadian Utilities Ltd (TSX-CU, OTC-CDUAF). Fortis Inc (TSX-FTS, OTC-FRTSF), and ATCO Ltd (TSX-ACO.X, OTC-ACLLF) have been removed from this list.
On my other blog I wrote yesterday about IA Financial Corp (TSX-IAG, OTC-IDLLF) ... learn more. Next, I will write about Adentra Inc (TSX-ADEN, OTC-HDIUF) ... learn more on Friday, June 6, 2025 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 June 2025 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). There is no change from last month.
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), Goodfellow Inc (TSX-GDL, OTC-GFELF), High Liner Foods (TSX-HLF, OTC-HLNFF), 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). Keg Royalties Income Fund, (TSX-KEG.UN, OTC-KRIUF) has been removed from this list.
I follow 13 Consumer Staples stocks. Two stocks (15%) are showing as cheap by the historically high dividend yield. They are Jamieson Wellness Inc (TSX-JWEL, OTC-JWLLF), and Saputo Inc. (TSX-SAP, OTC-SAPIF). Maple Leaf Foods Inc (TSX-MFI, OTC-MLFNF) has been removed from this list.
Eight 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), and Saputo Inc. (TSX-SAP, OTC-SAPIF). Metro Inc (TSX-MRU-OTC-MTRAF) has been removed from this list.
I follow Five Health Care stocks. One of these stocks (20%) is showing as cheap by the historically high dividend yield. It is Medtronic PCL (NYSE-MDT). 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 8 Energy stocks. Veren Inc (TSX-VRN, NYSE-VRN) was acquired by Whitecap Resources Inc. (TSX-WCP, OTC-SPGYF) on March 10, 2025, so the number of energy stocks I am following has gone from 9 to 8.
Two stocks (25%) are showing as cheap by the historical high dividend yield. They are Canadian Natural Resources (TSX-CNQ, NYSE-CNQ), and Cenovus Energy Inc (TSX-CVE, NYSE-CVE). There is no change from last month.
There are Five stocks (63%) 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 27 Financial stocks under the categories of Banks (7), Financial Services (15), 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.
Two stocks (29%) are showing as cheap by historical median dividend yield. They are Bank of Nova Scotia (TSX-BNS, NYSE-BNS), and Toronto Dominion Bank (TSX-TD, NYSE-TD). Bank of Montreal (TSX-BMO, NYSE-BMO) has been deleted from this list.
I follow 15 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.
Seven stocks (47%) 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), Guardian Capital Group (TSX-GCG.A, OTC-GCAAF), IGM Financial (TSX-IGM, OTC-IGIFF), and Power Corp (TSX-POW, OTC-PWCDF). AGF Management Ltd (TSX-AGF.B, OTC-AGFMF) and First National Financial Corp (TSX-FN, OTC-FNLIF) have been removed from this list. Alaris Equity Partners Income Trust (TSX-AD.UN, OTC-ALARF) has been added to this list.
I follow 5 Insurance stocks. None of these stocks (0%) is showing as cheap by the historically high dividend yield. Manulife Financial Corp (TSX-MFC, NYSE-MFC) has been deleted from this list.
Three stocks (60%) are showing as cheap by historical median dividend yield. These stocks are Great-West Lifeco Inc. (TSX-GWO, OTC-GWLIF), Manulife Financial Corp (TSX-MFC, NYSE-MFC), and Sun Life Financial (TSX-SLF, NYSE-SLF). There is no change from last month.
I follow 33 Industrial stocks. Because I have so many and Industrial, I have divided my Industrial stocks into 4 separate categories under Industrial. They are Construction (7), Industrial (3), Manufacturing (5) and (Business) Services (18).
I have 7 Construction stocks. No stock (0%) is showing as cheap by the historically high dividend yield. There is no change from last month.
Two stock (29%) is showing as cheap by historical median dividend yield. It is Aecon Group Inc (TSX-ARE, OTC-AEGXF), and Toromont Industries Ltd (TSX-TIH, OTC-TMTNF). There is no change from last month.
I have 3 stocks left with the sub-index of Industrial. None of these stocks (0%) are showing as cheap by the historically high dividend yield. There is no change from last month.
One stock (33%) is showing as cheap by historical median dividend yield. It is Finning International Inc. (TSX-FTT, OTC-FINGF). There is no change from last month.
I have 5 Manufacturing stocks. None of these stocks (0%) are showing as cheap by the historically high dividend yield. There is no change from last month.
One stock (14%) is showing as cheap by historical median dividend yield. It is Exco Technologies Ltd. (TSX-XTC, OTC-EXCOF). There is no change from last month.
I follow 18 Services stocks. One stock (6%) is showing as cheap by the historically high dividend yield. It is Canadian National Railway (TSX-CNR, NYSE-CNI.). There is no change from last month.
Nine stock (50%) are showing as cheap by historical median dividend yield. They are Algoma Central Corporation (TSX-ALC, OTC-AGMJF), Canadian National Railway (TSX-CNR, NYSE-CNI), 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), 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.
Four stock (40%) is showing as cheap by historical median dividend yield. They are Adentra Inc (TSX-ADEN, OTC-HDIUF), Agnico Eagle Mines Ltd (TSX-AEM, NYSE-AEM), Barrick Mining 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.
Seven stocks (70%) 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), RIOCAN REIT (TSX-REI.UN, OTC-RIOCF) and SmartCentres REIT (TSX-SRU.UN, OTC-CWYUF). Choice Properties REIT (TSX-CHP.UN, OTC-PPRQF), FirstService Corp (TSX-FSV, NASDAQ-FSV) have been removed from this list.
I follow 4 of the Telecom Service stocks. 3 of the stocks (75%) are showing as cheap by historically high dividend yield. They are Cogeco Communications Inc (TSX-CCA, OTC-CGEAF), Quebecor Inc (TSX-QBR.B, OTC-QBCRF), and Telus Corp (TSX-T, NYSE-TU). BCE (TSX-BCE, NYSE-BCE) 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 7 Tech stocks. One stock (14%) is showing as cheap by historical high dividend yield. It is Enghouse Systems Limited (TSX-ENGH, OTC-EGHSF). Evertz Technologies (TSX-ET, OTC-EVTZF) has been deleted from this list.
Three stock (43%) are showing cheap by historical median dividend yield. They are Enghouse Systems Limited (TSX-ENGH, OTC-EGHSF), Evertz Technologies (TSX-ET, OTC-EVTZF), and Sylogist Ltd (TSXV-SYZ, OTC-SYZLF). There is no change from last month.
I follow 8 of the Infrastructure Type stocks. No stock (0%) is showing as cheap by historical high dividend yield. There is no change from last month. South Bow Corp (TSX-SOBO, NYSE-SOBO) is showing as cheap, but I have little data on this stock. I am waiting to have more data on this stock.
Two stocks (25%) 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. South Bow Corp (TSX-SOBO, NYSE-SOBO) is showing as cheap but I have little data on this stock.
I follow 9 of the Power Type utility companies. No stock (0%) is showing as cheap by historical high dividend yield.
Three stocks (33%) are showing as cheap by historical median dividend yield. Those stocks are Algonquin Power & Utilities Corp (TSX-AQN, NYSE-AQN), Boralex Inc (TSX-BLX, OTC-BRLXF), and Canadian Utilities Ltd (TSX-CU, OTC-CDUAF). Fortis Inc (TSX-FTS, OTC-FRTSF), and ATCO Ltd (TSX-ACO.X, OTC-ACLLF) have been removed from this list.
On my other blog I wrote yesterday about IA Financial Corp (TSX-IAG, OTC-IDLLF) ... learn more. Next, I will write about Adentra Inc (TSX-ADEN, OTC-HDIUF) ... learn more on Friday, June 6, 2025 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, June 3, 2025
Dividend Stocks June 2025
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 June 2025. On this list,
Bank of Montreal (TSX-BMO, NYSE-BMO)
Bank of Nova Scotia (TSX-BNS, NYSE-BNS)
Cenovus Energy Inc (TSX-CVE, NYSE-CVE)
Finning International Inc (TSX-FTT, OTC-FINGF)
Hydro One Ltd (TSX-H, OTC-HRNNF)
Linamar Corporation (TSX-LNR, OTC-LIMAF)
Medtronic PCL (NYSE-MDT)
National Bank of Canada (TSX-NA, OTC-NTIOF)
Pembina Pipeline Corp (TSX-PPL, NYSE-PBA)
Propel Holding Inc (TSX-PRL, OTC-PRLPF)
Royal Bank of Canada (TSX-RY, NYSE-RY)
Russel Metals (TSX-RUS, OTC-RUSMF)
Sun Life Financial (TSX-SLF, NYSE-SLF)
Telus Corp (TSX-T, NYSE-TU)
Of the stocks I follow, 1 stock has cut their dividends.
BCE Inc (TSX-BCE, NYSE-BCE)
Of the stocks I follow, 0 stock have suspended or terminated their dividend.
Thomson Reuters is going to the NASDAQ exchange with a symbol of TRI. See the notice on Newswire.
Veren Inc (TSX-VRN, NYSE-VRN) was acquired by Whitecap Resources Inc. (TSX-WCP, OTC-SPGYF) on March 10, 2025. I am therefore no longer following Veren Inc. See the notice on Newswire.
Of the stocks I follow, the following declined the most in their stock price. Of the stocks I follow, 20.13% had declining stock prices. Last month 41.29% 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, 77.92% had increasing stock price. And, 1.95% or 3 stock had the same stock price as last month. Last month 58.06% 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 12 stocks are not paying any dividends and this would be some 7.74% of the stocks that I follow. Three of these stocks never had dividends, so 5.81% 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 RB Global Inc (TSX-RBA, NYSE-RBA) ... learn more. Next, I will write about IA Financial Corp (TSX-IAG, OTC-IDLLF) ... learn more on Wednesday, June 4, 2025 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 June 2025. On this list,
- I have 17 stocks with a dividend yield higher than the historical high dividend yield,
- I have 73 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
- I have 77 stocks with a dividend yield higher than the 10 year average dividend yield.
- I have 18 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 12 stocks with a dividend yield higher than the 10 year high dividend yield and
- I have 86 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
- I had 39 stocks with a dividend yield higher than the 5 year median dividend yield.
Bank of Montreal (TSX-BMO, NYSE-BMO)
Bank of Nova Scotia (TSX-BNS, NYSE-BNS)
Cenovus Energy Inc (TSX-CVE, NYSE-CVE)
Finning International Inc (TSX-FTT, OTC-FINGF)
Hydro One Ltd (TSX-H, OTC-HRNNF)
Linamar Corporation (TSX-LNR, OTC-LIMAF)
Medtronic PCL (NYSE-MDT)
National Bank of Canada (TSX-NA, OTC-NTIOF)
Pembina Pipeline Corp (TSX-PPL, NYSE-PBA)
Propel Holding Inc (TSX-PRL, OTC-PRLPF)
Royal Bank of Canada (TSX-RY, NYSE-RY)
Russel Metals (TSX-RUS, OTC-RUSMF)
Sun Life Financial (TSX-SLF, NYSE-SLF)
Telus Corp (TSX-T, NYSE-TU)
Of the stocks I follow, 1 stock has cut their dividends.
BCE Inc (TSX-BCE, NYSE-BCE)
Of the stocks I follow, 0 stock have suspended or terminated their dividend.
Thomson Reuters is going to the NASDAQ exchange with a symbol of TRI. See the notice on Newswire.
Veren Inc (TSX-VRN, NYSE-VRN) was acquired by Whitecap Resources Inc. (TSX-WCP, OTC-SPGYF) on March 10, 2025. I am therefore no longer following Veren Inc. See the notice on Newswire.
Of the stocks I follow, the following declined the most in their stock price. Of the stocks I follow, 20.13% had declining stock prices. Last month 41.29% of the stock had declining prices.
| Name | Exch | Sym | Exch | Sym | Chge SP |
|---|---|---|---|---|---|
| Calian Group Ltd. | TSX | CGY | OTC | CLNFF | -18.77% |
| Computer Modelling | TSX | CMG | OTC | CMDXF | -17.14% |
| Dorel Industries | TSX | DII.B | OTC | DIIBF | -15.15% |
| Stingray Digital Group | TSX | RAY.A | OTC | STGYF | -9.07% |
| Goeasy Ltd | TSX | GSY | OTC | EHMEF | -7.20% |
| Molson Coors Canada | TSX | TPX.B | NYSE | TAP | -6.71% |
| Alaris Equity Partners | TSX | AD.UN | OTC | ALARF | -6.56% |
| Accord Financial Corp | TSX | ACD | OTC | ACCFF | -5.15% |
| Adentra Inc | TSX | ADEN | OTC | HDIUF | -5.13% |
| Pembina Pipeline Corp | TSX | PPL | NYSE | PBA | -4.72% |
Of the stock that I follow, these stocks gained the most in their stock price. Of the stock I follow, 77.92% had increasing stock price. And, 1.95% or 3 stock had the same stock price as last month. Last month 58.06% 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 |
|---|---|---|---|---|---|
| Chemtrade Logistics Inc. | TSX | CHE.UN | OTC | CGIFF | 17.55% |
| Leon's Furniture | TSX | LNF | OTC | LEFUF | 18.49% |
| Linamar Corporation | TSX | LNR | OTC | LIMAF | 19.98% |
| McCoy Global Inc | TSX | MCB | OTC | MCCRF | 20.95% |
| Wajax Corp | TSX | WJX | OTC | WJXFF | 23.91% |
| BRP Inc | TSX | DOO | NASDAQ | DOOO | 26.60% |
| AtkinsRéalis Group Inc | TSX | ATRL | OTC | SNCAF | 27.55% |
| Finning International Inc | TSX | FTT | OTC | FINGF | 28.19% |
| WildBrain Ltd | TSX | WILD | OTC | WLDBF | 29.19% |
| Keg Royalties Income | TSX | KEG.UN | OTC | KRIUF | 29.68% |
Most of my stocks started out as Dividend Payers. Currently 12 stocks are not paying any dividends and this would be some 7.74% of the stocks that I follow. Three of these stocks never had dividends, so 5.81% 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 RB Global Inc (TSX-RBA, NYSE-RBA) ... learn more. Next, I will write about IA Financial Corp (TSX-IAG, OTC-IDLLF) ... learn more on Wednesday, June 4, 2025 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, May 29, 2025
Reasons to Sell
Sahil Bloom in a recent article talks about 3 Reasons to Sell in Life. This can apply to stocks or investments as well as life.
On my other blog I wrote yesterday about HLS Therapeutics Inc (TSX-HLS, OTC-HLTRF) ... learn more. Next, I will write about Reitmans (Canada) Ltd (TSXV-RET.A, OTC-RTMAF) ... learn more on Friday, May 30, 2025 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 HLS Therapeutics Inc (TSX-HLS, OTC-HLTRF) ... learn more. Next, I will write about Reitmans (Canada) Ltd (TSXV-RET.A, OTC-RTMAF) ... learn more on Friday, May 30, 2025 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, May 27, 2025
Large Grocery Retailers
Adam Mayers on his site talks about Canada’s big three grocers and how they are prospering in the current economic chaos. I own Metro Inc and Choice Properties REIT, but I do follow Loblaws Companies, Choice Properties REIT, and Empire Company Ltd.
On my other blog I wrote yesterday about Pizza Pizza Royalty Corp (TSX-PZA, OTC-PZRIF) ... learn more. Next, I will write about HLS Therapeutics Inc (TSX-HLS, OTC-HLTRF) ... learn more on Wednesday, May 28, 2025 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 Pizza Pizza Royalty Corp (TSX-PZA, OTC-PZRIF) ... learn more. Next, I will write about HLS Therapeutics Inc (TSX-HLS, OTC-HLTRF) ... learn more on Wednesday, May 28, 2025 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, May 22, 2025
Ontario’s Economy Is Broken
Ben Eisen and Joel Emes of the Fraser Institute wrote an article on how Ontario’s Economy is Broken. It would seem to me that Ontario has not done well since McGuinty was elected to Premier of Ontario and Canada has not done well since Trudeau took power in Canada.
On my other blog I wrote yesterday about Mullen Group Ltd (TSX-MTL, OTC-MLLGF) ... learn more. Next, I will write about Canadian Utilities Ltd (TSX-CU, OTC-CDUAF) ... learn more on Friday, May 23, 2025 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 Mullen Group Ltd (TSX-MTL, OTC-MLLGF) ... learn more. Next, I will write about Canadian Utilities Ltd (TSX-CU, OTC-CDUAF) ... learn more on Friday, May 23, 2025 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, May 20, 2025
Friedman on Europe
George Friedman does a podcase on What’s Next for Russia, Ukraine, and Europe? On YouTube for Geopolitical Futures.
On my other blog I wrote yesterday about Hammond Power Solutions Inc (TSX-HPS.A, OTC-HMDPF) ... learn more. Next, I will write about Mullen Group Ltd (TSX-MTL, OTC-MLLGF) ... learn more on Wednesday, May 21, 2025 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 Hammond Power Solutions Inc (TSX-HPS.A, OTC-HMDPF) ... learn more. Next, I will write about Mullen Group Ltd (TSX-MTL, OTC-MLLGF) ... learn more on Wednesday, May 21, 2025 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, May 15, 2025
Capitalism Not Based on Greed
Capitalism is not based on greed like a lot of people think. Generally speaking, people who go into business to make a reasonable return do better. I have done well in the stock market, I believe because I am not greedy. I just want a reasonable return on my money.
I am not into stock trading. I buy good companies and I keep them. I think that this is the best way to profit from stock market investing.
Capitalism is based on trust. Under capitalism, you trust who you buy goods from and they to trust you as a customer. However, we seem to be in a low trust state currently. So many people feel that companies are just out to cheat them. Because of the attitude customers feel that they can steal from stores. This will not end well.
Walter E. Williams says: “Capitalism is relatively new in human history. Prior to capitalism, the way people amassed great wealth was by looting, plundering, and enslaving their fellow man. Capitalism made it possible to become wealthy by serving your fellow man.”
On my other blog I wrote yesterday about Power Corp of Canada (TSX-POW, OTC-PWCDF) ... learn more. Next, I will write about Ag Growth International (TSX-AFN, OTC-AGGZF) ... learn more on Friday, May 16, 2025 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 am not into stock trading. I buy good companies and I keep them. I think that this is the best way to profit from stock market investing.
Capitalism is based on trust. Under capitalism, you trust who you buy goods from and they to trust you as a customer. However, we seem to be in a low trust state currently. So many people feel that companies are just out to cheat them. Because of the attitude customers feel that they can steal from stores. This will not end well.
Walter E. Williams says: “Capitalism is relatively new in human history. Prior to capitalism, the way people amassed great wealth was by looting, plundering, and enslaving their fellow man. Capitalism made it possible to become wealthy by serving your fellow man.”
On my other blog I wrote yesterday about Power Corp of Canada (TSX-POW, OTC-PWCDF) ... learn more. Next, I will write about Ag Growth International (TSX-AFN, OTC-AGGZF) ... learn more on Friday, May 16, 2025 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, May 13, 2025
Metro
Metro is a stock I have and Money Sense just put out a report on this company saying that profits rose in Q2.
On my other blog I wrote yesterday about McCoy Global Inc (TSX-MCB, OTC-MCCRF) ... learn more. The next stock I will write about will be Power Corp of Canada (TSX-POW, OTC-PWCDF) ... learn more on Wednesday, May 14, 2025 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 McCoy Global Inc (TSX-MCB, OTC-MCCRF) ... learn more. The next stock I will write about will be Power Corp of Canada (TSX-POW, OTC-PWCDF) ... learn more on Wednesday, May 14, 2025 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, May 8, 2025
Something to Buy May 2025
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 May 2025 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). There is no change from last month.
Ten (50%) 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), and Richelieu Hardware Ltd (TSX-RCH, OTC-RHUHF). There is no change from last month.
I follow 13 Consumer Staples stocks. Three stocks (23%) are showing as cheap by the historically high dividend yield. They are Jamieson Wellness Inc (TSX-JWEL, OTC-JWLLF), Maple Leaf Foods Inc (TSX-MFI, OTC-MLFNF), and Saputo Inc. (TSX-SAP, OTC-SAPIF). There is no change from last month.
Eight 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), and Saputo Inc. (TSX-SAP, OTC-SAPIF). Metro Inc (TSX-MRU-OTC-MTRAF) has been removed from this list.
I follow Five Health Care stocks. One of these stocks (20%) is showing as cheap by the historically high dividend yield. It is Medtronic PCL (NYSE-MDT). 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. Two stocks (22%) are showing as cheap by the historical high dividend yield. They are Canadian Natural Resources (TSX-CNQ, NYSE-CNQ), and Cenovus Energy Inc (TSX-CVE, NYSE-CVE). Canadian Natural Resources (TSX-CNQ, NYSE-CNQ), and Cenovus Energy Inc (TSX-CVE, NYSE-CVE) have been added to this list.
There are Five stocks (56%) showing as cheap by historical median dividend yield. They are Canadian Natural Resources (TSX-CNQ, NYSE-CNQ), Cenovus Energy Inc (TSX-CVE, NYSE-CVE), Mullen Group (TSX-MTL, OTC-MLLGF), Ovintiv Inc (TSX-OVV, OTC-OVV), and Suncor Energy (TSX-SU, NYSE-SU). There is no change from last month.
I follow 27 Financial stocks under the categories of Banks (7), Financial Services (15), 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). Canadian Imperial Bank of Commerce (TSX-CM, NYSE-CM) has been deleted from this list.
I follow 15 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.
Eight stocks (53%) are showing as cheap by the historical median dividend yield. These stocks are AGF Management Ltd (TSX-AGF.B, OTC-AGFMF), Atrium Mortgage Investment Corp (TSX-AI, OTC-AMIVF), EQB Inc (TSX-EQB, OTC-EQGPF), First National Financial Corp (TSX-FN, OTC-FNLIF), Goeasy Ltd (TSX-GSY, OTC-EHMEF), Guardian Capital Group (TSX-GCG.A, OTC-GCAAF), IGM Financial (TSX-IGM, OTC-IGIFF), and Power Corp (TSX-POW, OTC-PWCDF). AGF Management Ltd (TSX-AGF.B, OTC-AGFMF), and First National Financial Corp (TSX-FN, OTC-FNLIF) have been added to this list.
I follow 5 Insurance stocks. One of these stocks (20%) is showing as cheap by the historically high dividend yield. It is Manulife Financial Corp (TSX-MFC, NYSE-MFC). Manulife Financial Corp (TSX-MFC, NYSE-MFC) has been added to this list.
Three stocks (60%) are showing as cheap by historical median dividend yield. These stocks are Great-West Lifeco Inc. (TSX-GWO, OTC-GWLIF), Manulife Financial Corp (TSX-MFC, NYSE-MFC), and Sun Life Financial (TSX-SLF, NYSE-SLF). There is no change from last month.
I follow 33 Industrial stocks. Because I have so many and Industrial, I have divided my Industrial stocks into 4 separate categories under Industrial. They are Construction (7), Industrial (3), Manufacturing (5) and (Business) Services (18).
I have 7 Construction stocks. No stock (0%) is showing as cheap by the historically high dividend yield. There is no change from last month.
Two stock (29%) is showing as cheap by historical median dividend yield. It is Aecon Group Inc (TSX-ARE, OTC-AEGXF), and Toromont Industries Ltd (TSX-TIH, OTC-TMTNF). There is no change from last month.
I have 3 stocks left with the sub-index of Industrial. None of these stocks (0%) are showing as cheap by the historically high dividend yield. There is no change from last month.
One stock (33%) is showing as cheap by historical median dividend yield. It is Finning International Inc. (TSX-FTT, OTC-FINGF). There is no change from last month.
I have 5 Manufacturing stocks. None of these stocks (0%) are showing as cheap by the historically high dividend yield. There is no change from last month.
One stock (14%) is showing as cheap by historical median dividend yield. It is Exco Technologies Ltd. (TSX-XTC, OTC-EXCOF). There is no change from last month.
I follow 18 Services stocks. One stock (6%) is showing as cheap by the historically high dividend yield. They are Canadian National Railway (TSX-CNR, NYSE-CNI.). Titanium Transportation Group Inc (TSX-TTR, OTC-TTTGF) has been removed from this list.
Nine stock (50%) are showing as cheap by historical median dividend yield. They are Algoma Central Corporation (TSX-ALC, OTC-AGMJF), Canadian National Railway (TSX-CNR, NYSE-CNI), 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), Transcontinental Inc (TSX-TCL.A, OTC-TCLAF), Trican Well Service Ltd (TSX-TCW, OTC-TOLWF), and Wajax Corp (TSX-WJX, OTC-WJXFF). Titanium Transportation Group Inc (TSX-TTR, OTC-TTTGF) has been removed from this list.
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.
Four stock (40%) is showing as cheap by historical median dividend yield. They are Adentra Inc (TSX-ADEN, OTC-HDIUF), Agnico Eagle Mines Ltd (TSX-AEM, NYSE-AEM), Barrick Mining 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.
Seven stocks (70%) 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), RIOCAN REIT (TSX-REI.UN, OTC-RIOCF) and SmartCentres REIT (TSX-SRU.UN, OTC-CWYUF). Choice Properties REIT (TSX-CHP.UN, OTC-PPRQF), FirstService Corp (TSX-FSV, NASDAQ-FSV) have been removed from this list.
I follow 4 of the Telecom Service stocks. All of the stocks (100%) are showing as cheap by historically high dividend yield. They 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.
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 7 Tech stocks. Two stock (29%) is showing as cheap by historical high dividend yield. They are Enghouse Systems Limited (TSX-ENGH, OTC-EGHSF) and Evertz Technologies (TSX-ET, OTC-EVTZF). Evertz Technologies (TSX-ET, OTC-EVTZF) has been added to this list.
Three stock (43%) are showing cheap by historical median dividend yield. They are Enghouse Systems Limited (TSX-ENGH, OTC-EGHSF), Evertz Technologies (TSX-ET, OTC-EVTZF), and Sylogist Ltd (TSXV-SYZ, OTC-SYZLF). There is no change from last month.
I follow 8 of the Infrastructure Type stocks. No stock (0%) is showing as cheap by historical high dividend yield. There is no change from last month. South Bow Corp (TSX-SOBO, NYSE-SOBO) is showing as cheap, but I have little data on this stock. I am waiting for their first financial report.
Two stocks (25%) 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. South Bow Corp (TSX-SOBO, NYSE-SOBO) is showing as cheap but I have little data on this stock.
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 Algonquin Power & Utilities Corp (TSX-AQN, NYSE-AQN), ATCO Ltd (TSX-ACO.X, OTC-ACLLF), Boralex Inc (TSX-BLX, OTC-BRLXF), Canadian Utilities Ltd (TSX-CU, OTC-CDUAF), and Fortis Inc (TSX-FTS, OTC-FRTSF). Emera Inc (TSX-EMA, OTC-EMRAF) has been removed from this list.
On my other blog I wrote yesterday about Algoma Central Corporation (TSX-ALC, OTC-AGMJF) ... learn more. Next, I will write about Thomson Reuters Corp (TSX-TRI, NYSE-TRI) ... learn more on Friday, May 9, 2025 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 May 2025 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). There is no change from last month.
Ten (50%) 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), and Richelieu Hardware Ltd (TSX-RCH, OTC-RHUHF). There is no change from last month.
I follow 13 Consumer Staples stocks. Three stocks (23%) are showing as cheap by the historically high dividend yield. They are Jamieson Wellness Inc (TSX-JWEL, OTC-JWLLF), Maple Leaf Foods Inc (TSX-MFI, OTC-MLFNF), and Saputo Inc. (TSX-SAP, OTC-SAPIF). There is no change from last month.
Eight 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), and Saputo Inc. (TSX-SAP, OTC-SAPIF). Metro Inc (TSX-MRU-OTC-MTRAF) has been removed from this list.
I follow Five Health Care stocks. One of these stocks (20%) is showing as cheap by the historically high dividend yield. It is Medtronic PCL (NYSE-MDT). 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. Two stocks (22%) are showing as cheap by the historical high dividend yield. They are Canadian Natural Resources (TSX-CNQ, NYSE-CNQ), and Cenovus Energy Inc (TSX-CVE, NYSE-CVE). Canadian Natural Resources (TSX-CNQ, NYSE-CNQ), and Cenovus Energy Inc (TSX-CVE, NYSE-CVE) have been added to this list.
There are Five stocks (56%) showing as cheap by historical median dividend yield. They are Canadian Natural Resources (TSX-CNQ, NYSE-CNQ), Cenovus Energy Inc (TSX-CVE, NYSE-CVE), Mullen Group (TSX-MTL, OTC-MLLGF), Ovintiv Inc (TSX-OVV, OTC-OVV), and Suncor Energy (TSX-SU, NYSE-SU). There is no change from last month.
I follow 27 Financial stocks under the categories of Banks (7), Financial Services (15), 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). Canadian Imperial Bank of Commerce (TSX-CM, NYSE-CM) has been deleted from this list.
I follow 15 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.
Eight stocks (53%) are showing as cheap by the historical median dividend yield. These stocks are AGF Management Ltd (TSX-AGF.B, OTC-AGFMF), Atrium Mortgage Investment Corp (TSX-AI, OTC-AMIVF), EQB Inc (TSX-EQB, OTC-EQGPF), First National Financial Corp (TSX-FN, OTC-FNLIF), Goeasy Ltd (TSX-GSY, OTC-EHMEF), Guardian Capital Group (TSX-GCG.A, OTC-GCAAF), IGM Financial (TSX-IGM, OTC-IGIFF), and Power Corp (TSX-POW, OTC-PWCDF). AGF Management Ltd (TSX-AGF.B, OTC-AGFMF), and First National Financial Corp (TSX-FN, OTC-FNLIF) have been added to this list.
I follow 5 Insurance stocks. One of these stocks (20%) is showing as cheap by the historically high dividend yield. It is Manulife Financial Corp (TSX-MFC, NYSE-MFC). Manulife Financial Corp (TSX-MFC, NYSE-MFC) has been added to this list.
Three stocks (60%) are showing as cheap by historical median dividend yield. These stocks are Great-West Lifeco Inc. (TSX-GWO, OTC-GWLIF), Manulife Financial Corp (TSX-MFC, NYSE-MFC), and Sun Life Financial (TSX-SLF, NYSE-SLF). There is no change from last month.
I follow 33 Industrial stocks. Because I have so many and Industrial, I have divided my Industrial stocks into 4 separate categories under Industrial. They are Construction (7), Industrial (3), Manufacturing (5) and (Business) Services (18).
I have 7 Construction stocks. No stock (0%) is showing as cheap by the historically high dividend yield. There is no change from last month.
Two stock (29%) is showing as cheap by historical median dividend yield. It is Aecon Group Inc (TSX-ARE, OTC-AEGXF), and Toromont Industries Ltd (TSX-TIH, OTC-TMTNF). There is no change from last month.
I have 3 stocks left with the sub-index of Industrial. None of these stocks (0%) are showing as cheap by the historically high dividend yield. There is no change from last month.
One stock (33%) is showing as cheap by historical median dividend yield. It is Finning International Inc. (TSX-FTT, OTC-FINGF). There is no change from last month.
I have 5 Manufacturing stocks. None of these stocks (0%) are showing as cheap by the historically high dividend yield. There is no change from last month.
One stock (14%) is showing as cheap by historical median dividend yield. It is Exco Technologies Ltd. (TSX-XTC, OTC-EXCOF). There is no change from last month.
I follow 18 Services stocks. One stock (6%) is showing as cheap by the historically high dividend yield. They are Canadian National Railway (TSX-CNR, NYSE-CNI.). Titanium Transportation Group Inc (TSX-TTR, OTC-TTTGF) has been removed from this list.
Nine stock (50%) are showing as cheap by historical median dividend yield. They are Algoma Central Corporation (TSX-ALC, OTC-AGMJF), Canadian National Railway (TSX-CNR, NYSE-CNI), 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), Transcontinental Inc (TSX-TCL.A, OTC-TCLAF), Trican Well Service Ltd (TSX-TCW, OTC-TOLWF), and Wajax Corp (TSX-WJX, OTC-WJXFF). Titanium Transportation Group Inc (TSX-TTR, OTC-TTTGF) has been removed from this list.
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.
Four stock (40%) is showing as cheap by historical median dividend yield. They are Adentra Inc (TSX-ADEN, OTC-HDIUF), Agnico Eagle Mines Ltd (TSX-AEM, NYSE-AEM), Barrick Mining 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.
Seven stocks (70%) 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), RIOCAN REIT (TSX-REI.UN, OTC-RIOCF) and SmartCentres REIT (TSX-SRU.UN, OTC-CWYUF). Choice Properties REIT (TSX-CHP.UN, OTC-PPRQF), FirstService Corp (TSX-FSV, NASDAQ-FSV) have been removed from this list.
I follow 4 of the Telecom Service stocks. All of the stocks (100%) are showing as cheap by historically high dividend yield. They 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.
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 7 Tech stocks. Two stock (29%) is showing as cheap by historical high dividend yield. They are Enghouse Systems Limited (TSX-ENGH, OTC-EGHSF) and Evertz Technologies (TSX-ET, OTC-EVTZF). Evertz Technologies (TSX-ET, OTC-EVTZF) has been added to this list.
Three stock (43%) are showing cheap by historical median dividend yield. They are Enghouse Systems Limited (TSX-ENGH, OTC-EGHSF), Evertz Technologies (TSX-ET, OTC-EVTZF), and Sylogist Ltd (TSXV-SYZ, OTC-SYZLF). There is no change from last month.
I follow 8 of the Infrastructure Type stocks. No stock (0%) is showing as cheap by historical high dividend yield. There is no change from last month. South Bow Corp (TSX-SOBO, NYSE-SOBO) is showing as cheap, but I have little data on this stock. I am waiting for their first financial report.
Two stocks (25%) 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. South Bow Corp (TSX-SOBO, NYSE-SOBO) is showing as cheap but I have little data on this stock.
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 Algonquin Power & Utilities Corp (TSX-AQN, NYSE-AQN), ATCO Ltd (TSX-ACO.X, OTC-ACLLF), Boralex Inc (TSX-BLX, OTC-BRLXF), Canadian Utilities Ltd (TSX-CU, OTC-CDUAF), and Fortis Inc (TSX-FTS, OTC-FRTSF). Emera Inc (TSX-EMA, OTC-EMRAF) has been removed from this list.
On my other blog I wrote yesterday about Algoma Central Corporation (TSX-ALC, OTC-AGMJF) ... learn more. Next, I will write about Thomson Reuters Corp (TSX-TRI, NYSE-TRI) ... learn more on Friday, May 9, 2025 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, May 6, 2025
Dividend Stocks May 2025
First, I want to point out that not all the stocks I follow are great investments. I follow a diverse selection of stocks. There are some that I would never invest in personally.
I follow several resource stocks even though I personally have little invested in this area. I follow what I find interesting and with resource stocks, I think it is important for Canadians to know what is happening in the resource area. On the other hand, I do follow of good number of great dividend growth stocks. You might want to get the free weekly newsletter from Canadian Stock Channel which says what might be the best Canadian Dividend Stocks to buy at the present time.
The theory is that you should use the dividend yield to see if a dividend stock is selling at a stock price that is relatively cheap. A stock price is considered cheap if it is selling at a dividend yield higher than the historical high yield or higher than the historical average yield or historical median yield. Some use the 10 year average or median yield rather than the historical ones. I use median yields, always. See my spreadsheet at dividend growth stocks that I just updated for May 2025. On this list,
AGF Management Ltd (TSX-AGF.B, OTC-AGFMF)
Canadian Pacific Kansas City Ltd (TSX-CP, NYSE-CP)
Dollarama Inc (TSX-DOL, OTC-DLMAF)
GFL Environmental Inc (TSX-GFL, NYSE -GFL)
Johnson and Johnson (NE-JNJ, NYSE-JNJ)
Loblaw Companies (TSX-L, OTC-LBLCF)
Pulse Seismic Inc. (TSX-PSD, OTC-PLSDF)
Of the stocks I follow, 0 stock has cut their dividends.
Of the stocks I follow, 1 stock have suspended or terminated their dividend.
Titanium Transportation Group Inc (TSX-TTNM, OTCQX-TTNMF)
In updating my spreadsheet for this item, I noticed that the Beta value changed a lot for a lot of stocks. This is because the currently uncertainty has affected different stocks and stock sectors very differently. Usually, the Beta values do not change or do not change much from month to month.
Barrick Gold Corp is changing its name to Barrick Mining Corp. See the notice on their site.
Of the stocks I follow, the following declined the most in their stock price. Of the stocks I follow, 41.29% had declining stock prices. Last month 61.94% of the stock had declining prices. Note that last month I said that FirstService Corp declined 45.95%, but the decline was only 6.74%. I was using US$ price not the CDN$ price.
Of the stock that I follow, these stocks gained the most in their stock price. Of the stock I follow, 58.06% had increasing stock price. And, 0.65% or 1 stock had the same stock price as last month. Last month 48.39% 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 12 stocks are not paying any dividends and this would be some 7.74% of the stocks that I follow. Three of these stocks never had dividends, so 5.81% 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 WSP Global Inc (TSX-WSP, OTC-WSPOF) ... learn more. Next, I will write about Algoma Central Corporation (TSX-ALC, OTC-AGMJF) ... learn more on Wednesday, May 7, 2025 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 May 2025. On this list,
- I have 18 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 12 stocks with a dividend yield higher than the 10 year high dividend yield and
- I have 86 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 82 stocks with a dividend yield higher than the historical median dividend yield
- I have 13 stocks with a dividend yield higher than the 10 year high dividend yield and
- I have 88 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
- I had 39 stocks with a dividend yield higher than the 5 year median dividend yield.
AGF Management Ltd (TSX-AGF.B, OTC-AGFMF)
Canadian Pacific Kansas City Ltd (TSX-CP, NYSE-CP)
Dollarama Inc (TSX-DOL, OTC-DLMAF)
GFL Environmental Inc (TSX-GFL, NYSE -GFL)
Johnson and Johnson (NE-JNJ, NYSE-JNJ)
Loblaw Companies (TSX-L, OTC-LBLCF)
Pulse Seismic Inc. (TSX-PSD, OTC-PLSDF)
Of the stocks I follow, 0 stock has cut their dividends.
Of the stocks I follow, 1 stock have suspended or terminated their dividend.
Titanium Transportation Group Inc (TSX-TTNM, OTCQX-TTNMF)
In updating my spreadsheet for this item, I noticed that the Beta value changed a lot for a lot of stocks. This is because the currently uncertainty has affected different stocks and stock sectors very differently. Usually, the Beta values do not change or do not change much from month to month.
Barrick Gold Corp is changing its name to Barrick Mining Corp. See the notice on their site.
Of the stocks I follow, the following declined the most in their stock price. Of the stocks I follow, 41.29% had declining stock prices. Last month 61.94% of the stock had declining prices. Note that last month I said that FirstService Corp declined 45.95%, but the decline was only 6.74%. I was using US$ price not the CDN$ price.
| Name | Exch | Sym | Exch | Sym | Chge SP |
|---|---|---|---|---|---|
| Obsidian Energy Ltd | TSX | OBE | NYSE | OBE | -31.43% |
| Ovintiv Inc | TSX | OVV | OTC | OVV | -18.92% |
| Ensign Energy Services | TSX | ESI | OTC | ESVIF | -18.34% |
| Dorel Industries | TSX | DII.B | OTC | DIIBF | -16.67% |
| Cenovus Energy Inc | TSX | CVE | NYSE | CVE | -15.76% |
| Blackberry Ltd. (RIM) | TSX | BB | NYSE | BB | -14.74% |
| Veren Inc | TSX | VRN | NYSE | VRN | -14.50% |
| WildBrain Ltd | TSX | WILD | OTC | WLDBF | -13.90% |
| Reitmans (Canada) Ltd | TSX | RET.A | OTC | RTMAF | -11.76% |
| Pason Systems Inc. | TSX | PSI | OTC | PSYTF | -11.60% |
Of the stock that I follow, these stocks gained the most in their stock price. Of the stock I follow, 58.06% had increasing stock price. And, 0.65% or 1 stock had the same stock price as last month. Last month 48.39% 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 |
|---|---|---|---|---|---|
| Algonquin Power | TSX | AQN | NYSE | AQN | 7.38% |
| Trigon Metals Inc. | TSXV | TM | OTC | PNTZF | 8.33% |
| Quebecor Inc | TSX | QBR.B | OTC | QBCRF | 9.86% |
| AltaGas Ltd | TSX | ALA | OTC | ATGFF | 9.99% |
| Agnico Eagle Mines Ltd | TSX | AEM | NYSE | AEM | 10.35% |
| Hydro One Ltd | TSX | H | OTC | HRNNF | 10.81% |
| HLS Therapeutics Inc | TSX | HLS | OTC | HLTRF | 11.22% |
| Lassonde Industries | TSX | LAS.A | OTC | LSDAF | 12.21% |
| Veren Inc | TSX | VRN | NYSE | VRN | 20.51% |
| McCoy Global Inc | TSX | MCB | OTC | MCCRF | 21.86% |
Most of my stocks started out as Dividend Payers. Currently 12 stocks are not paying any dividends and this would be some 7.74% of the stocks that I follow. Three of these stocks never had dividends, so 5.81% 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 WSP Global Inc (TSX-WSP, OTC-WSPOF) ... learn more. Next, I will write about Algoma Central Corporation (TSX-ALC, OTC-AGMJF) ... learn more on Wednesday, May 7, 2025 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, May 1, 2025
Hand Holding
From anything I have read, the main job of a financial advisor is to hold your hand when the markets go crazy. Interestingly, I just got an email from TD Direct Investing saying “How we’re here to help”. It goes on to say “Here are some small actions that can help you feel more in control.” And,
It would seem that TD is into hand holding.
On my other blog I wrote yesterday about AtkinsRealis Group Inc (TSX-ATRL, OTC-SNCAF) ... learn more. Next, I will write about Fortis Inc (TSX-FTS, OTC-FRTSF) ... learn more on Friday, May 2, 2025 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.
- Review your financial goals and priorities. Taking a moment to review your financial goals can help you stay on track.
- Stick to your plan. As markets fluctuate, it's normal to feel uneasy about what to do. Remember that in many cases, sticking with your investing plan over the long term might be the best course of action.
It would seem that TD is into hand holding.
On my other blog I wrote yesterday about AtkinsRealis Group Inc (TSX-ATRL, OTC-SNCAF) ... learn more. Next, I will write about Fortis Inc (TSX-FTS, OTC-FRTSF) ... learn more on Friday, May 2, 2025 around 5 pm.
This blog is meant for educational purposes only and is not to provide investment advice. I am not a licensed professional investment advisor. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.
See my site for an index to these blog entries and for stocks followed. I have three blogs. The first talks only about specific stocks and is called Investment Talk. The second one contains information on mostly investing and is called Investing Economics Mostly. My last blog is for my book reviews and it is called Non-Fiction Mostly. Follow me on Twitter. I am on Instagram. Or you can just Google #walktoronto spbrunner8166 to see my pictures.
Tuesday, April 29, 2025
TFSA Calculator
Money Sense has put out a TFSA calculator..
On my other blog I wrote yesterday about Barclays PLC ADR (LSE-BARC, NYSE-BCS) ... learn more. Next, I will write about AtkinsRealis (TSX-ATRL, OTC-SNCAF) ... learn more on Wednesday, April 30, 2025 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 Barclays PLC ADR (LSE-BARC, NYSE-BCS) ... learn more. Next, I will write about AtkinsRealis (TSX-ATRL, OTC-SNCAF) ... learn more on Wednesday, April 30, 2025 around 5 pm.
This blog is meant for educational purposes only and is not to provide investment advice. I am not a licensed professional investment advisor. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.
See my site for an index to these blog entries and for stocks followed. I have three blogs. The first talks only about specific stocks and is called Investment Talk. The second one contains information on mostly investing and is called Investing Economics Mostly. My last blog is for my book reviews and it is called Non-Fiction Mostly. Follow me on Twitter. I am on Instagram. Or you can just Google #walktoronto spbrunner8166 to see my pictures.
Thursday, April 24, 2025
Human Side of Trade
This article by Russ Roberts was written in 2016, but is still relevant I think to our current situation. Since Trump has put on tariffs for countries wanting to sell to the US market, it is a good idea to discuss the pros and cons of Free Trade.
On my other blog I wrote yesterday about South Bow Corp (TSX-SOBO, NYSE-SOBO) ... learn more. Next, I will write about Canadian Natural Resources (TSX-CNQ, NYSE-CNQ) ... learn more on Friday, April 25, 2025 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 South Bow Corp (TSX-SOBO, NYSE-SOBO) ... learn more. Next, I will write about Canadian Natural Resources (TSX-CNQ, NYSE-CNQ) ... learn more on Friday, April 25, 2025 around 5 pm
This blog is meant for educational purposes only and is not to provide investment advice. I am not a licensed professional investment advisor. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.
See my site for an index to these blog entries and for stocks followed. I have three blogs. The first talks only about specific stocks and is called Investment Talk. The second one contains information on mostly investing and is called Investing Economics Mostly. My last blog is for my book reviews and it is called Non-Fiction Mostly. Follow me on Twitter. I am on Instagram. Or you can just Google #walktoronto spbrunner8166 to see my pictures.
Tuesday, April 22, 2025
Europe Poorer than Mississippi
This article on Mises Institute is saying Britain, France and Span are poorer than Mississippi and Germany is poorer than Louisiana.
On my other blog I wrote yesterday about Pembina Pipelines Corp (TSX-PPL, NYSE-PBA) ... learn more. Next, I will write about South Bow Corp (TSX-SOBO, NYSE-SOBO) ... learn more on Wednesday, April 23, 2025 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 Pembina Pipelines Corp (TSX-PPL, NYSE-PBA) ... learn more. Next, I will write about South Bow Corp (TSX-SOBO, NYSE-SOBO) ... learn more on Wednesday, April 23, 2025 around 5 pm.
This blog is meant for educational purposes only and is not to provide investment advice. I am not a licensed professional investment advisor. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.
See my site for an index to these blog entries and for stocks followed. I have three blogs. The first talks only about specific stocks and is called Investment Talk. The second one contains information on mostly investing and is called Investing Economics Mostly. My last blog is for my book reviews and it is called Non-Fiction Mostly. Follow me on Twitter. I am on Instagram. Or you can just Google #walktoronto spbrunner8166 to see my pictures.
Thursday, April 17, 2025
Taming My Lizard Brain
Sam Ro on Substack has written an interesting article called Taming my 'big dumb lizard brain' with a 'cowboy account”.
I must admit that I have what I call “fooling around” money. It is boring how I make money called buy good companies and keep them. That is why I buy small and risky companies with my fooling around money.
On my other blog I wrote yesterday about Leon's Furniture Ltd (TSX-LNF, OTC-LEFUF) ... learn more. Next, I will write about Barrick Gold Corp (TSX-ABX, NYSE-GOLD) ... learn more on Friday, April 18, 2025 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 must admit that I have what I call “fooling around” money. It is boring how I make money called buy good companies and keep them. That is why I buy small and risky companies with my fooling around money.
On my other blog I wrote yesterday about Leon's Furniture Ltd (TSX-LNF, OTC-LEFUF) ... learn more. Next, I will write about Barrick Gold Corp (TSX-ABX, NYSE-GOLD) ... learn more on Friday, April 18, 2025 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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