There is an article on Daily Buy Sell Advisor that talks about a study that says higher dividend payout ratios leads to higher earnings growth. The article on is located here.
This is very interesting as you would think that a company has to balance what they pay out in dividends and what they retain for reinvestment purposes. Maybe a company would willing to payout more in dividends because they felt that they would be earning more in the future. One fault I find with this article is that they do not define what is a high payout ratio.
On my other blog I wrote yesterday about TransCanada Corp (TSX-TRP, NYSE-TRP) ... learn more. Next, I will write about AltaGas Ltd (TSX-ALA, OTC-ATGFF) ... learn more on Wednesday, March 27, 2019 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, March 26, 2019
Thursday, March 21, 2019
GARP
This article discuss the GARP idea. That is growth at reasonable price. This method uses a PEG Ratio. That is, it divides the P/E Ratio by the growth rate of the EPS.
I personally go for reasonably price stock that growth their dividends. Growing dividends is a reflection of growing earnings and revenues. Although you have to watch out for stocks that payout more than they can afford.
On my other blog I wrote yesterday about Enbridge Inc. (TSX-ENB, NYSE-ENB) ... learn more. Next, I will write about TransAlta Corp (TSX-TA, NSYE-TAC) ... learn more on Friday, March 22, 2019 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.
I personally go for reasonably price stock that growth their dividends. Growing dividends is a reflection of growing earnings and revenues. Although you have to watch out for stocks that payout more than they can afford.
On my other blog I wrote yesterday about Enbridge Inc. (TSX-ENB, NYSE-ENB) ... learn more. Next, I will write about TransAlta Corp (TSX-TA, NSYE-TAC) ... learn more on Friday, March 22, 2019 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, March 19, 2019
Real Estate Stocks
If follow 10 REITs. They are all listed below. It would seem that most the Real Estate stocks did better in growth of dividend and Total Return in the past then recently. Since the last time I did this review, Choice Properties has replaced Canadian REIT.
If you hold stock for the long term like I do, you will have companies going through bad times. The thing is that if you a diversified portfolio, all your stocks will not be going through tough times at the same time. In different economic situations, some companies will thrive and some will have a tough time.
The next chart gives you the rate of dividend growth per year for the periods shown. If the period is shorter than the heading, I put this information in the “To Year” column. For example, for Artis REIT I has dividend growth per year for years 5, 10 and 13. Over the past 5 years dividends have grown at negative 0.85% per year, over 10 years at negative 0.31% per and over 13 years at 2.55% per year.
The longer durations on most companies have higher dividend growth rates. For example, RIOCAN REIT’s dividends grow by 5.16% over the past 24 years, but only 0.42% per year over the past 5 years. That is because it has not had dividend increases lately.
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The next chart gives the total returns per year for the shown time periods. Total Return includes both capital gains and dividends. Here again, if I do not have a full period of data, I put the last period covered in the “To Year” column. For Artis REIT I have Total Returns for the periods of 5, 10 and 14 years. Over the past 14 years Allied Properties have a Total Return of 17.20% per year.
Here again most of the REITs had better past growth. The exceptions are Granite REIT and First Service Corp (which just started dividends 4 years ago.) For example, Allied Properties REIT grew by 15.01% per year over the past 15 years, but only 10.30% over the past 5 years.
I also thought it would be handy to show the last dividend increase and this is in the chart below.
Lastly, I thought information on their current dividend and yield might be helpful. See the chart below.
There is a site called http://reitreport.ca/canadian-reits/ hat list all Canadian REITs and their profile. The Profile basically says what the REIT invests in. On the Real Property Association of Canada, you can find a definition of a REIT.
On my other blog I wrote yesterday about Melcor Developments Inc. (TSX-MRD, OTC-MODVF) ... learn more. The next stock I will write about will be Enbridge Inc. (TSX-ENB, NYSE-ENB) ... learn more on Tuesday, March 20, 2019 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.
| # | Name | TSX | Symbol | Other | Symbol |
|---|---|---|---|---|---|
| 1 | Allied Properties REIT | TSX | AP. UN | OTC | APYRF |
| 2 | Artis REIT | TSX | AX. UN | OTC | ARESF |
| 3 | Choice Properties REIT | TSX | CHP.UN | OTC | PPRQF |
| 4 | First Capital Realty | TSX | FCR | OTC | FCRGF |
| 5 | FirstService Corp. | TSX | FSV | NASDAQ | FSV |
| 6 | Granite REIT | TSX | GRT.UN | NYSE | GRP.U |
| 7 | H & R REIT | TSX | HR. UN | OTC | HRUFF |
| 8 | Melcor Developments Inc. | TSX | MRD | OTC | MODVF |
| 9 | RIOCAN REIT | TSX | REI.UN | OTC | RIOCF |
| 10 | SmartCentres REIT | TSX | SRU.UN | OTC | CWYUF |
If you hold stock for the long term like I do, you will have companies going through bad times. The thing is that if you a diversified portfolio, all your stocks will not be going through tough times at the same time. In different economic situations, some companies will thrive and some will have a tough time.
The next chart gives you the rate of dividend growth per year for the periods shown. If the period is shorter than the heading, I put this information in the “To Year” column. For example, for Artis REIT I has dividend growth per year for years 5, 10 and 13. Over the past 5 years dividends have grown at negative 0.85% per year, over 10 years at negative 0.31% per and over 13 years at 2.55% per year.
The longer durations on most companies have higher dividend growth rates. For example, RIOCAN REIT’s dividends grow by 5.16% over the past 24 years, but only 0.42% per year over the past 5 years. That is because it has not had dividend increases lately.
| REIT | To Yr | DG 5 | DG 10 | DG 15 | DG 20 | DG 25 |
|---|---|---|---|---|---|---|
| Allied Properties REIT | 15 | 2.04% | 1.80% | 4.34% | ||
| Artis REIT | 13 | -0.85% | -0.31% | 2.55% | ||
| Choice Properties REIT | 5 | 2.63% | ||||
| First Capital Realty | 24 | 0.47% | 0.73% | 1.19% | 2.45% | 6.73% |
| FirstService Corp. | 4 | 10.97% | ||||
| Granite REIT | 15 | 5.34% | 14.01% | 12.50% | ||
| H & R REIT | 21 | 0.44% | -0.42% | 0.80% | 1.47% | 3.43% |
| Melcor Developments Inc. | 25 | 0.79% | 2.16% | 10.91% | 12.42% | 13.92% |
| RIOCAN REIT | 24 | 0.42% | 0.56% | 1.56% | 2.09% | 5.16% |
| SmartCentres REIT | 14 | 2.58% | 1.28% | 2.66% |
The next chart gives the total returns per year for the shown time periods. Total Return includes both capital gains and dividends. Here again, if I do not have a full period of data, I put the last period covered in the “To Year” column. For Artis REIT I have Total Returns for the periods of 5, 10 and 14 years. Over the past 14 years Allied Properties have a Total Return of 17.20% per year.
Here again most of the REITs had better past growth. The exceptions are Granite REIT and First Service Corp (which just started dividends 4 years ago.) For example, Allied Properties REIT grew by 15.01% per year over the past 15 years, but only 10.30% over the past 5 years.
| REIT | To Yr. | TR 5 | TR 10 | TR 15 | TR 20 | TR 25 |
|---|---|---|---|---|---|---|
| Allied Properties REIT | 15 | 10.30% | 20.63% | 15.01% | ||
| Artis REIT | 14 | -0.42% | 15.85% | 17.20% | ||
| Choice Properties REIT | 5 | 8.14% | ||||
| First Capital Realty | 24 | 5.98% | 10.88% | 10.95% | 8.72% | 12.93% |
| FirstService Corp. | 23 | 33.84% | 28.78% | 18.57% | 16.12% | 21.55% |
| Granite REIT | 16 | 12.58% | 27.66% | 5.68% | 7.64% | |
| H & R REIT | 22 | 5.74% | 20.77% | 8.75% | 12.92% | 12.24% |
| Melcor Developments Inc. | 25 | -6.06% | 17.63% | 12.48% | 17.38% | 18.27% |
| RIOCAN REIT | 24 | 5.00% | 14.04% | 10.46% | 14.38% | 21.29% |
| SmartCentres REIT | 21 | 10.10% | 20.31% | 13.66% | 14.18% | 27.68% |
I also thought it would be handy to show the last dividend increase and this is in the chart below.
| REIT | Inc | Inc % | Comment |
|---|---|---|---|
| Allied Properties REIT | 2019 | 2.31% | Increases are irregular |
| Artis REIT | 2009 | 2.86% | Decreases of 50% in 2018 |
| Choice Properties REIT | 2017 | 4.20% | No increase in 2018 |
| First Capital Realty | 2015 | 2.38% | Increases only 2 of last 5 years |
| FirstService Corp. | 2019 | 10.90% | Dividends started in 2013 |
| Granite REIT | 2019 | 2.60% | increase of 5 in last 5 years |
| H & R REIT | 2017 | 2.22% | Increases only 2 of last 5 years |
| Melcor Developments Inc. | 2017 | 8.33% | But 20% decrease in 2016 |
| RIOCAN REIT | 2018 | 2.13% | First increase since 2014 |
| SmartCentres REIT | 2018 | 2.86% | There has been increases in last 5 years |
Lastly, I thought information on their current dividend and yield might be helpful. See the chart below.
| REIT | Price | Div. | Yield |
|---|---|---|---|
| Allied Properties REIT | $48.15 | $1.60 | 3.32% |
| Artis REIT | $11.20 | $0.54 | 4.82% |
| Choice Properties REIT | $13.40 | $0.74 | 5.52% |
| First Capital Realty | $21.23 | $0.86 | 4.05% |
| FirstService Corp. | $112.64 | $0.70 | 0.62% |
| Granite REIT | $63.28 | $2.80 | 4.42% |
| H & R REIT | $23.12 | $1.38 | 5.97% |
| Melcor Developments Inc. | $12.66 | $0.52 | 4.11% |
| RIOCAN REIT | $25.02 | $1.44 | 5.76% |
| SmartCentres REIT | $33.95 | $1.76 | 5.18% |
There is a site called http://reitreport.ca/canadian-reits/ hat list all Canadian REITs and their profile. The Profile basically says what the REIT invests in. On the Real Property Association of Canada, you can find a definition of a REIT.
On my other blog I wrote yesterday about Melcor Developments Inc. (TSX-MRD, OTC-MODVF) ... learn more. The next stock I will write about will be Enbridge Inc. (TSX-ENB, NYSE-ENB) ... learn more on Tuesday, March 20, 2019 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.
Thursday, March 14, 2019
A Portfolio
A $200,000 15 stock portfolio might look like this:
In this portfolio the stocks are divided among stock categories shown below.
See my spreadsheet at Dividend Stocks 2019. If you want a working one you can just email me and I will forward one. My spreadsheets on Excel of XLSX but I can convert it to another format if required.
My spreadsheet allows you to put in any stock, or change shares or cost or dividends paid in what cycle. It allows you to do these changes to see what different values or stocks might look like as far as any stock value or dividend or percentage of portfolio variations might look like for a portfolio.
On my other blog I wrote yesterday about Goodfellow Inc. (TSX-GDL, OTC-GFELF) ... learn more. Next, I will write about Richelieu Hardware Ltd (TSX-RCH, OTC-RHUHF) ... learn more on Friday, March 15, 2019 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.
| Symbol | C | Cost | Shares | ‘% | Stock Value | Div | Total Div | Yield |
|---|---|---|---|---|---|---|---|---|
| BNS | F | $72.25 | 200 | 7.13% | $14,450.00 | $3.48 | $696.00 | 4.82% |
| BCE | U | $59.18 | 200 | 5.84% | $11,836.00 | $3.17 | $634.00 | 5.36% |
| CTC.A | C | $145.38 | 100 | 7.17% | $14,538.00 | $4.15 | $415.00 | 2.85% |
| CU | U | $36.00 | 400 | 7.10% | $14,400.00 | $1.69 | $676.00 | 4.69% |
| CNR | I | $115.96 | 100 | 5.72% | $11,596.00 | $2.15 | $215.00 | 1.85% |
| FTS | U | $48.15 | 300 | 7.12% | $14,445.00 | $1.80 | $540.00 | 3.74% |
| MRU | C | $49.26 | 300 | 7.29% | $14,778.00 | $0.80 | $240.00 | 1.62% |
| PPL | U | $48.99 | 300 | 7.25% | $14,697.00 | $2.28 | $684.00 | 4.65% |
| POW | F | $28.87 | 400 | 5.70% | $11,548.00 | $1.53 | $612.00 | 5.30% |
| REI.UN | R | $25.30 | 400 | 4.99% | $10,120.00 | $1.44 | $576.00 | 5.69% |
| SAP | C | $44.52 | 300 | 6.59% | $13,356.00 | $0.66 | $198.00 | 1.48% |
| WSP | I | $69.89 | 200 | 6.89% | $13,978.00 | $1.50 | $300.00 | 2.15% |
| SLF | F | $50.35 | 200 | 4.97% | $10,070.00 | $2.00 | $400.00 | 3.97% |
| TD | F | $74.83 | 200 | 7.38% | $14,966.00 | $2.96 | $592.00 | 3.96% |
| TRP | U | $59.93 | 300 | 8.87% | $17,979.00 | $2.82 | $846.00 | 4.71% |
| 100.00% | $202,757.00 | $7,624.00 | 3.76% |
In this portfolio the stocks are divided among stock categories shown below.
| F | 25.15% | Financial |
|---|---|---|
| U | 36.15% | Utility |
| C | 21.03% | Consumer |
| I | 12.60% | Industrial |
| R | 4.99% | REIT |
| T | 100.00% |
See my spreadsheet at Dividend Stocks 2019. If you want a working one you can just email me and I will forward one. My spreadsheets on Excel of XLSX but I can convert it to another format if required.
My spreadsheet allows you to put in any stock, or change shares or cost or dividends paid in what cycle. It allows you to do these changes to see what different values or stocks might look like as far as any stock value or dividend or percentage of portfolio variations might look like for a portfolio.
On my other blog I wrote yesterday about Goodfellow Inc. (TSX-GDL, OTC-GFELF) ... learn more. Next, I will write about Richelieu Hardware Ltd (TSX-RCH, OTC-RHUHF) ... learn more on Friday, March 15, 2019 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, March 12, 2019
Canadian Dividend Stocks
Here are Top 10 Canadian Dividend Stocks by Dividend Earner blog. The stocks are listed below. Read the blog to find out what he says about them.
Canadian Natural Resources TSX-CNQ
Transcontinental Inc TSX-CNQ Suncor TSX-SU
Methanex Corp TSX-MS
Keyera Corp TSX-KEY
TransCanada TSX-TRP
Lassonde Industries TSX-LAS.A Magna International TSX-MG
Cogeco TSX-CGO
Laurentian Bank TSX-LB
On my other blog I wrote yesterday about Canadian Tire Corp (TSX-CTC.A, OTC-CDNAF) ... learn more. Next, I will write about Goodfellow Inc. (TSX-GDL, OTC-GFELF) ... learn more on Wednesday, March 13, 2019 around 5 pm.
This blog is meant for educational purposes only and is not to provide investment advice. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.
See my site for an index to these blog entries and for stocks followed. I have three blogs. The first talks only about specific stocks and is called Investment Talk. The second one contains information on mostly investing and is called Investing Economics Mostly. My last blog is for my book reviews and it is called Non-Fiction Mostly. Follow me on Twitter. I am on Instagram. Or you can just Google #walktoronto spbrunner8166 to see my pictures.
Canadian Natural Resources TSX-CNQ
Transcontinental Inc TSX-CNQ Suncor TSX-SU
Methanex Corp TSX-MS
Keyera Corp TSX-KEY
TransCanada TSX-TRP
Lassonde Industries TSX-LAS.A Magna International TSX-MG
Cogeco TSX-CGO
Laurentian Bank TSX-LB
On my other blog I wrote yesterday about Canadian Tire Corp (TSX-CTC.A, OTC-CDNAF) ... learn more. Next, I will write about Goodfellow Inc. (TSX-GDL, OTC-GFELF) ... learn more on Wednesday, March 13, 2019 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.
Thursday, March 7, 2019
Something to Buy March 2019
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 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.
For other testing, like using P/E Ratios and Price/Graham Price Ratios, you use EPS estimates or from the last reported financial quarter. When using P/S Ratios, P/CF Ratios or P/BV Ratios you are using data from the last reported financial quarter.
This system 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 5 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 March 2019 Spreadsheet to see what stocks are 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 5 year median dividend yields (P/5Yr). As in other spreadsheets, you can highlight a line or a number of 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 now follow 22 stocks in the Consumer Discretionary category. Four of these stocks (18%) are showing as cheap by the historically high dividend yield and they are Dorel Industries (TSX-DII.B, OTC-DIIBF), High Liner Foods (TSX-HLF, OTC-HLNFF), Leon's Furniture (TSX-LNF, OTC-LEFUF), and Stingray Digital Group Inc (TSX-RAY.A). There is no change from last month.
Ten (or 45%) of Consumer Discretionary are showing cheap by historical median dividend yield. They are Canadian Tire Corp (TSX-CTC.A, OTC-CDNAF), Dorel Industries (TSX-DII.B, OTC-DIIBF), Goeasy Ltd (TSX-GSY, OTC-EHMEF), High Liner Foods (TSX-HLF, OTC-HLNFF), Leon's Furniture (TSX-LNF, OTC-LEFUF), Magna International Inc. (TSX-MG, NYSE-MGA), Molson Coors Canada (TSX-TPX.B, NYSE-TAP), Pizza Pizza Royalty Corp (TSX-PZA, OTC-PZRIF), Reitmans (Canada) Ltd. (TSX-RET.A, OTC-RTMAF), and Stingray Digital Group Inc (TSX-RAY.A). Goeasy Ltd (TSX-GSY, OTC-EHMEF) is back on this list. Alcanna Inc (TSX-CLIQ, OTC-LQSIF) and been deleted from the list.
I follow 11 Consumer Staples stocks. No companies are showing as cheap by the historically high dividend yield. There is no change from last month.
Four stocks (or 36%) are showing cheap by historical median dividend yield. These are AGT Food and Ingredients Inc. (TSX-AGT, OTC-AGXXF), Lassonde Industries (TSX- LAS.A, OTC-LSDAF), Loblaw Companies (TSX-L, OTC-LBLCF), Metro Inc. (TSX-MRU, OTC-MTRAF). Lassonde Industries (TSX- LAS.A, OTC-LSDAF has been added to this list. Saputo Inc. (TSX-SAP, OTC-SAPIF) and Empire Company Ltd (TSX-EMP.A, OTC-EMLAF) have been deleted from this list.
I only follow three Health Care stocks. One stock (or 33%) of these stocks is showing as cheap by the historically high dividend yield. That stock is HLS Therapeutics Inc (TSX-HLS, OTC-HLTRF). There is no change from last month.
Three or 100% are cheap by the historical median dividend yield. The stocks are Johnson and Johnson (NYSE-JNJ), Medtronic Inc. (NYSE-MDT) and HLS Therapeutics Inc (TSX-HLS, OTC-HLTRF). There is no change from last month.
I follow 10 Energy stocks. Three stock or 30% are showing as cheap by the historical high dividend yield. They are Ensign Energy Services (TSX-ESI, OTC-ESVIF), Mullen Group (TSX-MTL, OTC-MLLGF) and Suncor Energy (TSX-SU, NYSE-SU). Suncor Energy (TSX-SU, NYSE-SU) has been added back to this this list. Canadian Natural Resources (TSX-CNQ, NYSE-CNQ) has been deleted from this list.
There are five stocks (or 50%) showing cheap by historical median dividend yield. They are Canadian Natural Resources (TSX-CNQ, NYSE-CNQ), Cenovus Energy Inc. (TSX-CVE, NYSE-CVE), Ensign Energy Services (TSX-ESI, OTC-ESVIF), Mullen Group (TSX-MTL, OTC-MLLGF) and Suncor Energy (TSX-SU, NYSE-SU). There is no change from last month.
I follow 8 Bank stocks. None are showing as cheap by the historically high dividend yield. There is no change from last month.
Six stocks (or 75%) are showing cheap by historical median dividend yield. They are Bank of Nova Scotia (TSX-BNS, NYSE-BNS), Barclays PLC (LSE-BARC, NYSE-BCS), CIBC (TSX-CM, NYSE-CM), National Bank of Canada (TSX-NA, OTC-NTIOF), Royal Bank (TSX-RY, NYSE-RY) and Toronto Dominion Bank (TSX-TD, NYSE-TD). Barclays PLC (LSE-BARC, NYSE-BCS) has been added back to this list.
I follow 15 Financial Service stocks. One or 7% is showing as cheap by the historically high dividend yield. It is Gluskin Sheff + Associates Inc. (TSX-GS, OTC-GLUSF). Power Corp (TSX-POW, OTC-PWCDF) has been deleted from this list.
Nine (or 60%) stocks are showing cheap by the historical median dividend yield. These stocks are Accord Financial Corp (TSX-ACD, OTC-ACCFF), AGF Management Ltd (TSX-AGF.B, OTC-AGFMF), Alaris Royalty Corp (TSX-AD, OTC-ALARF), CI Financial (TSX-CIX, OTC-CIFAF), Element Fleet Management Corp (TSX-EFN, OTC-ELEEF), Equitable Group Inc. (TSX-EQB, OTC-EQGPF), Gluskin Sheff + Associates Inc. (TSX-GS, OTC-GLUSF), IGM Financial (TSX-IGM, OTC-IGIFF), and Power Corp (TSX-POW, OTC-PWCDF). There is no change from last month.
I follow 6 Insurance stocks. None are showing as cheap by the historically high dividend yield. Power Financial Corp (TSX-PWF, OTC-POFNF) has been deleted from this list.
Six stocks (or 100%) are showing cheap by historical median dividend yield. These stocks are Great-West Lifeco Inc. (TSX-GWO, OTC-GWLIF), Industrial Alliance Ins. and Fin. (TSX-IAG, OTC-IDLLF), Intact Financial Corp. (TSX-IFC, OTC-IFCZF), Manulife Financial Corp (TSX-MFC, NYSE-MFC), Power Financial Corp (TSX-PWF, OTC-POFNF) and Sun Life Financial (TSX-SLF, NYSE-SLF). There is no change from last month.
I follow 32 Industrial stocks. Because I have so many and Industrial is not very descriptive, I have divided my Industrial stocks into 4 separate categories under Industrial. They are Construction, Industrial, Manufacturing and (Business) Services.
I have 6 Construction stocks. None are showing as cheap by the historically high dividend yield. SNC-Lavalin (TSX-SNC, OTC-SNCAF) has been deleted from this list.
One stock or 17% are showing as cheap by historical median dividend yield. That stock is Stantec Inc. (TSX-STN, NYSE-STN). Bird Construction Inc (TSX-BDT, OTC-BIRDF) and SNC-Lavalin (TSX-SNC, OTC-SNCAF) have been deleted from this list.
I have 3 stocks I have left with the sub-index of Industrial. None are cheap by the historically high dividend yield. There is no change from last month.
Two stocks or 67% are showing as cheap by historical median dividend yield. They are Finning International Inc. (TSX-FTT, OTC-FINGF), and Russel Metals (TSX-RUS, OTC-RUSMF). There is no change from last month.
I have 7 Manufacturing stocks. None are showing as cheap by the historically high dividend yield. This has not changed from last month.
Four stocks or 57% are showing as cheap by historical median dividend yield. They are Exco Technologies Ltd. (TSX-XTC, OTC-EXCOF), Hammond Power Solutions Inc. (TSX-HPS.A, OTC-HMDPF), Intertape Polymer Group Inc. (TSX-ITP, OTC-ITPOF) and PFB Corp (TSX-PFB, OTC-PFBOF). There is no change from last month.
I follow 16 Services stocks. None are showing as cheap by the historically high dividend yield. This has not changed from last month.
Five stocks or 31% are showing as cheap by historical median dividend yield. These stocks are Canadian National Railway (TSX-CNR, NYSE-CNI), Pason Systems Inc. (TSX-PSI, OTC-PSYTF), Ritchie Bros Auctioneers Inc. (TSX-RBA, NYSE-RBA), Transcontinental Inc. (TSX-TCL.A, OTC-TCLAF) and Wajax Corp (TSX-WJX, OTC-WJXFF). There is no change from last month.
I follow 8 Material stocks. None are showing as cheap by the historically high dividend yield. This has not changed from last month.
Four stock or 50% are showing as cheap by historical median dividend yield. The stocks are Barrick Gold Corp (TSX-ABX, NYSE-ABX), Chemtrade Logistics Inc. Fund (TSX-CHE.UN, OTC-CGIFF), Hardwoods Distribution Inc. (TSX-HDI, OTC-HDIUF), and Stella-Jones (TSX-SJ, OTC-STLJF). There is no change from last month
I follow 10 Real Estate stocks. One is showing as cheap by historically high dividend yield. That stock is Melcor Developments Inc. (TSX-MRD, OTC-MODVF). Melcor Developments Inc. (TSX-MRD, OTC-MODVF) has been added to this list. Two stocks (or 20%) are showing cheap by historical median dividend yield. They are Granite Real Estate (TSX-GRT.UN, NYSE-GRP.U) and Melcor Developments Inc. (TSX-MRD, OTC-MODVF). Choice Properties REIT (TSX-CHP.UN, OTC-PPRQF) has been deleted from this list.
I follow 4 of the Telecom Service stocks. No stocks are showing as cheap by historically high dividend yield. This has not changed from last month.
Four stocks (or 100%) are showing cheap by historical median dividend yield. These stocks are BCE (TSX-BCE, NYSE-BCE), Quarterhaill Inc (TSX-QTRH, NASDAQ-QTRH), Shaw Communications Inc. (TSX-SJR.B, NYSE-SJR) and Telus Corp (TSX-T, NYSE-TU). This has not changed from last month.
I follow 8 Info Tech stocks. One is showing as cheap by historical high dividend yield and that is Maxar Technologies Ltd (TSX-MAXR-NYSE-MAXR). There is no change from last month.
Four stocks (or 50%) are showing cheap by historical median dividend yield. They are Computer Modelling Group Ltd. (TSX-CMG, OTC-CMDXF), Evertz Technologies (TSX-ET, OTC-EVTZF), Maxar Technologies Ltd (TSX-MAXR-NYSE-MAXR), and Sylogist Ltd (TSXV-SYZ, OTC-SYZLF). Absolute Software Corporation (TSX-ABT, OTC-ALSWF) has been removed from this list.
I follow 6 of the Infrastructure type utility companies. None are showing as cheap by historical high dividend yield. This has not changed from last month.
Three stocks (or 50%) are showing cheap by historical median dividend yield. They are), Enbridge Inc. (TSX-ENB, NYSE-ENB), Keyera Corp (TSX-KEY, OTC-KEYUF) and TransCanada Corp (TSX-TRP, NYSE-TRP). AltaGas Ltd (TSX-ALA, OTC-ATGFF) has been removed from this list.
I follow 11 of the Power type utility companies. Only ATCO Ltd (TSX-ACO.X, OTC-ACLLF) is showing as cheap by the historically high dividend yield. This has not changed from last month.
Five stocks (or 45%) are showing cheap by historical median dividend yield. Those stocks are ATCO Ltd (TSX-ACO.X, OTC-ACLLF), Canadian Utilities Ltd (TSX-CU, OTC-CDUAF), Emera Inc. (TSX-EMA, OTC-EMRAF), Fortis Inc. (TSX-FTS, OTC-FRTSF) and Just Energy Group Inc. (TSX-JE, NYSE-JE). This has not changed from last month.
On my other blog I wrote yesterday about Allied Properties Real Estate Investment Trust (TSX-AP.UN, OTC-APYRF) ... learn more. Next, I will write about H & R Real Estate Trust (TSX-HR.UN, OTC-HRUFF) ... learn more on Friday, March 8, 2019 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.
For other testing, like using P/E Ratios and Price/Graham Price Ratios, you use EPS estimates or from the last reported financial quarter. When using P/S Ratios, P/CF Ratios or P/BV Ratios you are using data from the last reported financial quarter.
This system 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 5 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 March 2019 Spreadsheet to see what stocks are 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 5 year median dividend yields (P/5Yr). As in other spreadsheets, you can highlight a line or a number of 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 now follow 22 stocks in the Consumer Discretionary category. Four of these stocks (18%) are showing as cheap by the historically high dividend yield and they are Dorel Industries (TSX-DII.B, OTC-DIIBF), High Liner Foods (TSX-HLF, OTC-HLNFF), Leon's Furniture (TSX-LNF, OTC-LEFUF), and Stingray Digital Group Inc (TSX-RAY.A). There is no change from last month.
Ten (or 45%) of Consumer Discretionary are showing cheap by historical median dividend yield. They are Canadian Tire Corp (TSX-CTC.A, OTC-CDNAF), Dorel Industries (TSX-DII.B, OTC-DIIBF), Goeasy Ltd (TSX-GSY, OTC-EHMEF), High Liner Foods (TSX-HLF, OTC-HLNFF), Leon's Furniture (TSX-LNF, OTC-LEFUF), Magna International Inc. (TSX-MG, NYSE-MGA), Molson Coors Canada (TSX-TPX.B, NYSE-TAP), Pizza Pizza Royalty Corp (TSX-PZA, OTC-PZRIF), Reitmans (Canada) Ltd. (TSX-RET.A, OTC-RTMAF), and Stingray Digital Group Inc (TSX-RAY.A). Goeasy Ltd (TSX-GSY, OTC-EHMEF) is back on this list. Alcanna Inc (TSX-CLIQ, OTC-LQSIF) and been deleted from the list.
I follow 11 Consumer Staples stocks. No companies are showing as cheap by the historically high dividend yield. There is no change from last month.
Four stocks (or 36%) are showing cheap by historical median dividend yield. These are AGT Food and Ingredients Inc. (TSX-AGT, OTC-AGXXF), Lassonde Industries (TSX- LAS.A, OTC-LSDAF), Loblaw Companies (TSX-L, OTC-LBLCF), Metro Inc. (TSX-MRU, OTC-MTRAF). Lassonde Industries (TSX- LAS.A, OTC-LSDAF has been added to this list. Saputo Inc. (TSX-SAP, OTC-SAPIF) and Empire Company Ltd (TSX-EMP.A, OTC-EMLAF) have been deleted from this list.
I only follow three Health Care stocks. One stock (or 33%) of these stocks is showing as cheap by the historically high dividend yield. That stock is HLS Therapeutics Inc (TSX-HLS, OTC-HLTRF). There is no change from last month.
Three or 100% are cheap by the historical median dividend yield. The stocks are Johnson and Johnson (NYSE-JNJ), Medtronic Inc. (NYSE-MDT) and HLS Therapeutics Inc (TSX-HLS, OTC-HLTRF). There is no change from last month.
I follow 10 Energy stocks. Three stock or 30% are showing as cheap by the historical high dividend yield. They are Ensign Energy Services (TSX-ESI, OTC-ESVIF), Mullen Group (TSX-MTL, OTC-MLLGF) and Suncor Energy (TSX-SU, NYSE-SU). Suncor Energy (TSX-SU, NYSE-SU) has been added back to this this list. Canadian Natural Resources (TSX-CNQ, NYSE-CNQ) has been deleted from this list.
There are five stocks (or 50%) showing cheap by historical median dividend yield. They are Canadian Natural Resources (TSX-CNQ, NYSE-CNQ), Cenovus Energy Inc. (TSX-CVE, NYSE-CVE), Ensign Energy Services (TSX-ESI, OTC-ESVIF), Mullen Group (TSX-MTL, OTC-MLLGF) and Suncor Energy (TSX-SU, NYSE-SU). There is no change from last month.
I follow 8 Bank stocks. None are showing as cheap by the historically high dividend yield. There is no change from last month.
Six stocks (or 75%) are showing cheap by historical median dividend yield. They are Bank of Nova Scotia (TSX-BNS, NYSE-BNS), Barclays PLC (LSE-BARC, NYSE-BCS), CIBC (TSX-CM, NYSE-CM), National Bank of Canada (TSX-NA, OTC-NTIOF), Royal Bank (TSX-RY, NYSE-RY) and Toronto Dominion Bank (TSX-TD, NYSE-TD). Barclays PLC (LSE-BARC, NYSE-BCS) has been added back to this list.
I follow 15 Financial Service stocks. One or 7% is showing as cheap by the historically high dividend yield. It is Gluskin Sheff + Associates Inc. (TSX-GS, OTC-GLUSF). Power Corp (TSX-POW, OTC-PWCDF) has been deleted from this list.
Nine (or 60%) stocks are showing cheap by the historical median dividend yield. These stocks are Accord Financial Corp (TSX-ACD, OTC-ACCFF), AGF Management Ltd (TSX-AGF.B, OTC-AGFMF), Alaris Royalty Corp (TSX-AD, OTC-ALARF), CI Financial (TSX-CIX, OTC-CIFAF), Element Fleet Management Corp (TSX-EFN, OTC-ELEEF), Equitable Group Inc. (TSX-EQB, OTC-EQGPF), Gluskin Sheff + Associates Inc. (TSX-GS, OTC-GLUSF), IGM Financial (TSX-IGM, OTC-IGIFF), and Power Corp (TSX-POW, OTC-PWCDF). There is no change from last month.
I follow 6 Insurance stocks. None are showing as cheap by the historically high dividend yield. Power Financial Corp (TSX-PWF, OTC-POFNF) has been deleted from this list.
Six stocks (or 100%) are showing cheap by historical median dividend yield. These stocks are Great-West Lifeco Inc. (TSX-GWO, OTC-GWLIF), Industrial Alliance Ins. and Fin. (TSX-IAG, OTC-IDLLF), Intact Financial Corp. (TSX-IFC, OTC-IFCZF), Manulife Financial Corp (TSX-MFC, NYSE-MFC), Power Financial Corp (TSX-PWF, OTC-POFNF) and Sun Life Financial (TSX-SLF, NYSE-SLF). There is no change from last month.
I follow 32 Industrial stocks. Because I have so many and Industrial is not very descriptive, I have divided my Industrial stocks into 4 separate categories under Industrial. They are Construction, Industrial, Manufacturing and (Business) Services.
I have 6 Construction stocks. None are showing as cheap by the historically high dividend yield. SNC-Lavalin (TSX-SNC, OTC-SNCAF) has been deleted from this list.
One stock or 17% are showing as cheap by historical median dividend yield. That stock is Stantec Inc. (TSX-STN, NYSE-STN). Bird Construction Inc (TSX-BDT, OTC-BIRDF) and SNC-Lavalin (TSX-SNC, OTC-SNCAF) have been deleted from this list.
I have 3 stocks I have left with the sub-index of Industrial. None are cheap by the historically high dividend yield. There is no change from last month.
Two stocks or 67% are showing as cheap by historical median dividend yield. They are Finning International Inc. (TSX-FTT, OTC-FINGF), and Russel Metals (TSX-RUS, OTC-RUSMF). There is no change from last month.
I have 7 Manufacturing stocks. None are showing as cheap by the historically high dividend yield. This has not changed from last month.
Four stocks or 57% are showing as cheap by historical median dividend yield. They are Exco Technologies Ltd. (TSX-XTC, OTC-EXCOF), Hammond Power Solutions Inc. (TSX-HPS.A, OTC-HMDPF), Intertape Polymer Group Inc. (TSX-ITP, OTC-ITPOF) and PFB Corp (TSX-PFB, OTC-PFBOF). There is no change from last month.
I follow 16 Services stocks. None are showing as cheap by the historically high dividend yield. This has not changed from last month.
Five stocks or 31% are showing as cheap by historical median dividend yield. These stocks are Canadian National Railway (TSX-CNR, NYSE-CNI), Pason Systems Inc. (TSX-PSI, OTC-PSYTF), Ritchie Bros Auctioneers Inc. (TSX-RBA, NYSE-RBA), Transcontinental Inc. (TSX-TCL.A, OTC-TCLAF) and Wajax Corp (TSX-WJX, OTC-WJXFF). There is no change from last month.
I follow 8 Material stocks. None are showing as cheap by the historically high dividend yield. This has not changed from last month.
Four stock or 50% are showing as cheap by historical median dividend yield. The stocks are Barrick Gold Corp (TSX-ABX, NYSE-ABX), Chemtrade Logistics Inc. Fund (TSX-CHE.UN, OTC-CGIFF), Hardwoods Distribution Inc. (TSX-HDI, OTC-HDIUF), and Stella-Jones (TSX-SJ, OTC-STLJF). There is no change from last month
I follow 10 Real Estate stocks. One is showing as cheap by historically high dividend yield. That stock is Melcor Developments Inc. (TSX-MRD, OTC-MODVF). Melcor Developments Inc. (TSX-MRD, OTC-MODVF) has been added to this list. Two stocks (or 20%) are showing cheap by historical median dividend yield. They are Granite Real Estate (TSX-GRT.UN, NYSE-GRP.U) and Melcor Developments Inc. (TSX-MRD, OTC-MODVF). Choice Properties REIT (TSX-CHP.UN, OTC-PPRQF) has been deleted from this list.
I follow 4 of the Telecom Service stocks. No stocks are showing as cheap by historically high dividend yield. This has not changed from last month.
Four stocks (or 100%) are showing cheap by historical median dividend yield. These stocks are BCE (TSX-BCE, NYSE-BCE), Quarterhaill Inc (TSX-QTRH, NASDAQ-QTRH), Shaw Communications Inc. (TSX-SJR.B, NYSE-SJR) and Telus Corp (TSX-T, NYSE-TU). This has not changed from last month.
I follow 8 Info Tech stocks. One is showing as cheap by historical high dividend yield and that is Maxar Technologies Ltd (TSX-MAXR-NYSE-MAXR). There is no change from last month.
Four stocks (or 50%) are showing cheap by historical median dividend yield. They are Computer Modelling Group Ltd. (TSX-CMG, OTC-CMDXF), Evertz Technologies (TSX-ET, OTC-EVTZF), Maxar Technologies Ltd (TSX-MAXR-NYSE-MAXR), and Sylogist Ltd (TSXV-SYZ, OTC-SYZLF). Absolute Software Corporation (TSX-ABT, OTC-ALSWF) has been removed from this list.
I follow 6 of the Infrastructure type utility companies. None are showing as cheap by historical high dividend yield. This has not changed from last month.
Three stocks (or 50%) are showing cheap by historical median dividend yield. They are), Enbridge Inc. (TSX-ENB, NYSE-ENB), Keyera Corp (TSX-KEY, OTC-KEYUF) and TransCanada Corp (TSX-TRP, NYSE-TRP). AltaGas Ltd (TSX-ALA, OTC-ATGFF) has been removed from this list.
I follow 11 of the Power type utility companies. Only ATCO Ltd (TSX-ACO.X, OTC-ACLLF) is showing as cheap by the historically high dividend yield. This has not changed from last month.
Five stocks (or 45%) are showing cheap by historical median dividend yield. Those stocks are ATCO Ltd (TSX-ACO.X, OTC-ACLLF), Canadian Utilities Ltd (TSX-CU, OTC-CDUAF), Emera Inc. (TSX-EMA, OTC-EMRAF), Fortis Inc. (TSX-FTS, OTC-FRTSF) and Just Energy Group Inc. (TSX-JE, NYSE-JE). This has not changed from last month.
On my other blog I wrote yesterday about Allied Properties Real Estate Investment Trust (TSX-AP.UN, OTC-APYRF) ... learn more. Next, I will write about H & R Real Estate Trust (TSX-HR.UN, OTC-HRUFF) ... learn more on Friday, March 8, 2019 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, March 5, 2019
Dividend Stocks March 2019
First, I want to point out that not all of 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 a number of 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.
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. See my spreadsheet at dividend growth stocks that I just updated for March 2019.
On this list,
Bank of Nova Scotia (TSX-BNS, NYSE-BNS)
Barclays PLC (LSE-BARC, NYSE-BCS)
BCE (TSX-BCE, NYSE-BCE)
Brookfield Asset Management (TSX-BAM.A, NYSE-BAM)
CCL Industries (TSX-CCL.B, OTC-CCDBF)
CIBC (TSX-CM, NYSE-CM)
Encana Corp. (TSX-ECA, OTC-ECA)
FirstService Corp (TSX-FSV, NASDAQ-FSV)
Goeasy Ltd (TSX-GSY, OTC-EHMEF)
Goodfellow Inc. (TSX-GDL, OTC-GFELF)
Great-West Lifeco Inc. (TSX-GWO, OTC-GWLIF)
Innergex Renewable Energy (TSX-INE, OTC-INGXF)
Intact Financial Corp. (TSX-IFC, OTC-IFCZF)
Magna International Inc. (TSX-MG, NYSE-MGA)
Royal Bank (TSX-RY, NYSE-RY)
Stantec Inc. (TSX-STN, NYSE-STN)
Stingray Digital Group Inc (TSX-RAY.A)
Suncor Energy (TSX-SU, NYSE-SU)
TMX Group Ltd. (TSX-X, OTC-TMXXF)
Toromont Industries Ltd (TSX-TIH, OTC-TMTNF)
Toronto Dominion Bank (TSX-TD, NYSE-TD)
TransCanada Corp (TSX-TRP, NYSE-TRP)
Transcontinental Inc. (TSX-TCL.A, OTC-TCLAF)
Of the stocks I follow, one stock has cut their dividends. That stock is:
SNC-Lavalin (TSX-SNC, OTC-SNCAF).
Of the stocks I follow, one stock has suspended or terminated their dividends. There is a tension between needing money for investing in growth and paying dividends. Alcanna feels that using their capital to invest in growth is better at this point than paying dividends. That stock is:
Alcanna Inc (TSX-CLIQ, OTC-LQSIF)
In January I wrote that Thomson Reuters Corp (TSX-TRI, NYSE-TRI) dividend appears to have increased, but has not. The company did a return of capital transaction which resulted in a reverse stock split of at a ratio of 1 pre-consolidated share for 0.9079 post-consolidated shares. This results in higher dividend per share. However, their dividend has not changed as expected. Their old dividend times the post-consolidation value of 0.9079 should equal a dividend of $0.39, but they are paying only $0.36.
For some reason this company’s stock price of Lassonde Industries (TSX-LAS.A, OTC-LSDAF) has fallen since last month when all other stocks seem to be up with some admittedly down a bit. The stock price has fallen 15% since last month. It seems to have fall some 40% since its high in June of last year. It is not a well followed stock and I can find no reason for the decline. Last month I noted a big decline in Maxar Technologies Ltd (TSX-MAXR-NYSE-MAXR) stock.
Most of my stocks started out as Dividend Payers. Currently 13 stocks are not paying any dividends and this would be some 8.39% of the stocks that I follow. Four of these stocks never had dividends, so 5.81% of the stocks I follow have suspended their dividends. 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 5 year median dividend yields (P/5Yr). 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 RioCan Real Estate (TSX-REI.UN, OTC-RIOCF) ... learn more. Next, I will write Allied Properties Real Estate Investment Trust (TSX-AP.UN, OTC-APYRF) ... learn more on Wednesday, March 6, 2019 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.
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. See my spreadsheet at dividend growth stocks that I just updated for March 2019.
On this list,
- I have 12 stocks with a dividend yield higher than the historical high dividend yield,
- I have 55 stocks with a dividend yield higher than the historical average dividend yield
- I have 77 stocks with a dividend yield higher than the historical median dividend yield and
- 87 stocks with a dividend yield higher than the 5 year average dividend yield.
- I have 14 stocks with a dividend yield higher than the historical high dividend yield,
- I have 55 stocks with a dividend yield higher than the historical average dividend yield
- I have 81 stocks with a dividend yield higher than the historical median dividend yield and
- 99 stocks with a dividend yield higher than the 5 year average dividend yield.
- I had 9 stocks with a dividend yield higher than the historical high dividend yield,
- I had 45 stocks with a dividend yield higher than the historical average dividend yield and
- 39 stocks with a dividend yield higher than the 5 year average dividend yield.
Bank of Nova Scotia (TSX-BNS, NYSE-BNS)
Barclays PLC (LSE-BARC, NYSE-BCS)
BCE (TSX-BCE, NYSE-BCE)
Brookfield Asset Management (TSX-BAM.A, NYSE-BAM)
CCL Industries (TSX-CCL.B, OTC-CCDBF)
CIBC (TSX-CM, NYSE-CM)
Encana Corp. (TSX-ECA, OTC-ECA)
FirstService Corp (TSX-FSV, NASDAQ-FSV)
Goeasy Ltd (TSX-GSY, OTC-EHMEF)
Goodfellow Inc. (TSX-GDL, OTC-GFELF)
Great-West Lifeco Inc. (TSX-GWO, OTC-GWLIF)
Innergex Renewable Energy (TSX-INE, OTC-INGXF)
Intact Financial Corp. (TSX-IFC, OTC-IFCZF)
Magna International Inc. (TSX-MG, NYSE-MGA)
Royal Bank (TSX-RY, NYSE-RY)
Stantec Inc. (TSX-STN, NYSE-STN)
Stingray Digital Group Inc (TSX-RAY.A)
Suncor Energy (TSX-SU, NYSE-SU)
TMX Group Ltd. (TSX-X, OTC-TMXXF)
Toromont Industries Ltd (TSX-TIH, OTC-TMTNF)
Toronto Dominion Bank (TSX-TD, NYSE-TD)
TransCanada Corp (TSX-TRP, NYSE-TRP)
Transcontinental Inc. (TSX-TCL.A, OTC-TCLAF)
Of the stocks I follow, one stock has cut their dividends. That stock is:
SNC-Lavalin (TSX-SNC, OTC-SNCAF).
Of the stocks I follow, one stock has suspended or terminated their dividends. There is a tension between needing money for investing in growth and paying dividends. Alcanna feels that using their capital to invest in growth is better at this point than paying dividends. That stock is:
Alcanna Inc (TSX-CLIQ, OTC-LQSIF)
In January I wrote that Thomson Reuters Corp (TSX-TRI, NYSE-TRI) dividend appears to have increased, but has not. The company did a return of capital transaction which resulted in a reverse stock split of at a ratio of 1 pre-consolidated share for 0.9079 post-consolidated shares. This results in higher dividend per share. However, their dividend has not changed as expected. Their old dividend times the post-consolidation value of 0.9079 should equal a dividend of $0.39, but they are paying only $0.36.
For some reason this company’s stock price of Lassonde Industries (TSX-LAS.A, OTC-LSDAF) has fallen since last month when all other stocks seem to be up with some admittedly down a bit. The stock price has fallen 15% since last month. It seems to have fall some 40% since its high in June of last year. It is not a well followed stock and I can find no reason for the decline. Last month I noted a big decline in Maxar Technologies Ltd (TSX-MAXR-NYSE-MAXR) stock.
Most of my stocks started out as Dividend Payers. Currently 13 stocks are not paying any dividends and this would be some 8.39% of the stocks that I follow. Four of these stocks never had dividends, so 5.81% of the stocks I follow have suspended their dividends. 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 5 year median dividend yields (P/5Yr). 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 RioCan Real Estate (TSX-REI.UN, OTC-RIOCF) ... learn more. Next, I will write Allied Properties Real Estate Investment Trust (TSX-AP.UN, OTC-APYRF) ... learn more on Wednesday, March 6, 2019 around 5 pm.
This blog is meant for educational purposes only and is not to provide investment advice. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.
See my website for stocks followed and investment notes. I have three blogs. The first talks only about specific stocks and is called Investment Talk. The second one contains information on mostly investing and is called Investing Economics Mostly. My last blog is for my book reviews and it is called Non-Fiction Mostly. Follow me on Twitter or StockTwits. I am on Instagram with #walktoronto.
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