There is always something to buy in the stock market. On Tuesday, I put out a list of the stocks that I covered and showed what stock might be a good deal based on dividend yield. Now I am trying to categorize what sorts of stocks may be a good deal based on dividend yield. The dividend yield test in this note is a quick way of finding possible stock buys. See my Spreadsheet .
The advantages to using dividend yield to judge how cheap or expensive a stock is, is that you are not using estimates or old data (like last reported quarter's data). You are using today's stock price and today's dividend yield. However, this is just a place to start. It is a good idea to check the stock price with other tests, especially the P/S Ratio test. For other testing, like P/E Ratios, P/S Ratios, P/CF Ratios, P/BV Ratios and Price/Graham Price Ratios, you use estimates or data from the last reported financial quarter.
If a stock is showing as a buy using the dividend yield test, I usually like to verify it is a buy by doing a P/S Ratio test. Here you compare the current P/S Ratio to the 10 year median P/S Ratio. If the current P/S Ratio is lower than the 10 year median, then the stock is a buy. I note that Morningstar gives a current P/S Ratio. The 10 year median ratio is shown in my review of a stock. The 10 year median ratio in a review is good for one year from the date of review.
This historical dividend yield test does not work well for old Income Trust companies. These companies had quite high Dividend Yields which will probably never be seen again. So, I started a column called VT (for Valid Test) and this applies to checking stock price using dividend yield. If it is not a valid test, I use N to show this. For these stocks, you might be better comparing the current dividend yield to the 10 year median dividend yield.
However, no system is perfect. But if you are interested in buying a stock a list of stocks cheap or reasonable using dividend yield data might be a good place to start.
Categorizing stocks is not as simple as it might seem. Every site you go to has categorized stocks a bit differently. I try to keep this as simple as possible. See Something to Buy January 2022 Spreadsheet above 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 follow 22 stocks in the Consumer Discretionary category. None of these stocks (0%) are showing as cheap by the historically high dividend yield. There is no change from last month.
Eight (36%) of Consumer Discretionary are showing cheap by historical median dividend yield. They are 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), Magna International Inc. (TSX-MG, NYSE-MGA), Molson Coors Canada (TSX-TPX.B, NYSE-TAP) and Stingray Digital Group Inc (TSX-RAY.A). There is no change from last month.
I now follow 13 Consumer Staples stocks. KP Tissue Inc (TSX-KPT, NYSE-KPTSF); Maple Leaf Foods Inc (TSX-MFI, OTC-MLFNF) and Waterloo Brewing Ltd (TSX-WBR, OTC-BIBLF) have been added to this list from last month. No stock (0%) is showing as cheap by the historically high dividend yield. Saputo Inc. (TSX-SAP, OTC-SAPIF) 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), Empire Company Ltd (TSX-EMP.A, OTC-EMLAF), KP Tissue Inc (TSX-KPT, NYSE-KPTSF), Lassonde Industries (TSX-LAS.A, OTC-LSDAF), Loblaw Companies (TSX-L, OTC-LBLCF), Maple Leaf Foods Inc (TSX-MFI, OTC-MLFNF), Metro Inc (TSX-MRU, OTC-MTRAF), and Saputo Inc. (TSX-SAP, OTC-SAPIF). KP Tissue Inc (TSX-KPT, NYSE-KPTSF), and Maple Leaf Foods Inc (TSX-MFI, OTC-MLFNF) have been added to this list.
I follow Six Health Care stocks. Neighbourly Pharmacy Inc (TSX-NBLY, OTC-none) has been added to this list. None of these stocks (0%) are showing as cheap by the historically high dividend yield. There is no change from last month.
Three stocks (50%) are cheap by the historical median dividend yield. The stocks are HLS Therapeutics Inc (TSX-HLS, OTC-HLTRF), Johnson and Johnson (NYSE-JNJ), and Medtronic Inc. (NYSE-MDT). Sienna Senior Living Inc (TSX-SIA, OTC-LWSCF) has been removed from this list.
I follow 9 Energy stocks. One stock (11%) is showing as cheap by the historical high dividend yield. It is Suncor Energy (TSX-SU, NYSE-SU). There is no change from last month.
There are two stocks (22%) showing as cheap by historical median dividend yield. They are Canadian Natural Resources (TSX-CNQ, NYSE-CNQ), and Suncor Energy (TSX-SU, NYSE-SU). Mullen Group (TSX-MTL, OTC-MLLGF) has been removed from this list.
I follow 26 Financial stocks under the categories of Banks (8), Financial Services (13), and Insurance (5).
I follow 8 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 (38%) 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). CIBC (TSX-CM, NYSE-CM) has been removed from this list.
I follow 13 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.
Four stocks (31%) are showing as cheap by the historical median dividend yield. These stocks are AGF Management Ltd (TSX-AGF.B, OTC-AGFMF), Element Fleet Management Corp (TSX-EFN, OTC-ELEEF), IGM Financial (TSX-IGM, OTC-IGIFF), and Power Corp (TSX-POW, OTC-PWCDF). Alaris Equity Partners Income Trust (TSX-AD.UN, OTC-ALARF), has been removed from this list.
I follow 5 Insurance stocks. None of these stocks (0%) are showing as cheap by the historically high dividend yield. There is no change from last month.
Three stocks (60%) are showing as cheap by historical median dividend yield. These stocks are Great-West Lifeco Inc. (TSX-GWO, OTC-GWLIF), IA Financial Corp (TSX-IAG, OTC-IDLLF), and Manulife Financial Corp (TSX-MFC, NYSE-MFC). There is no change from last month.
I follow 32 Industrial stocks. PFB Corp (TSX-PFB, OTC-PFBOF) has been removed from this list as it was bought out. 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 7 Construction stocks. No stock (0%) is showing as cheap by the historically high dividend yield. Aecon Group Inc (TSX-ARE, OTC-AEGXF) has been removed from this list.
One stock (14%) is showing as cheap by historical median dividend yield. It is Aecon Group Inc (TSX-ARE, OTC-AEGXF). Badger Infrastructure Solutions Ltd (TSX-BDGI, OTC-BADFF) has been removed from this list.
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 6 Manufacturing stocks. PFB Corp (TSX-PFB, OTC-PFBOF) has been removed from this list as it was bought out. 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 16 Services stocks. One of these stocks (6.25%) is showing as cheap by the historically high dividend yield. It is Titanium Transportation Group Inc (TSX-TTR, OTC-TTTGF). There is no change from last month.
Four stock (25%) are showing as cheap by historical median dividend yield. They are Parkland Fuel Corp (TSX-PKI, OTC-PKIUF), Pulse Seismic Inc. (TSX-PSD, OTC-PLSDF), Titanium Transportation Group Inc (TSX-TTR, OTC-TTTGF) and Transcontinental Inc (TSX-TCL.A, OTC-TCLAF). There is no change from last month.
I follow 10 Material stocks. One stock (10%) is showing as cheap by the historically high dividend yield. It is Kirkland Lake Gold (TSX-KL, NYSE-KL). There is no change from last month.
Three stock (30%) are showing as cheap by historical median dividend yield. The stocks are Barrick Gold Corp (TSX-ABX, NYSE-ABX), Kirkland Lake Gold (TSX-KL, NYSE-KL), and Stella-Jones (TSX-SJ, OTC-STLJF). There is no change from last month.
I follow 10 Real Estate stocks. No stocks (0%) are showing as cheap by historically high dividend yield. There is no change from last month.
One stocks (10%) is showing as cheap by historical median dividend yield. It is Melcor Developments Inc. (TSX-MRD, OTC-MODVF). SmartCentres REIT (TSX-SRU.UN, OTC-CWYUF) has been removed from this list.
I follow 3 of the Telecom Service stocks. None of the stocks (0%) are showing as cheap by historically high dividend yield. There is no change from last month.
Three stocks (100%) are showing cheap by historical median dividend yield. These stocks are BCE (TSX-BCE, NYSE-BCE), Shaw Communications Inc (TSX-SJR.B, NYSE-SJR) and Telus Corp (TSX-T, NYSE-TU). There is no change from last month.
I follow 10 Tech stocks. No stocks (0%) are showing as cheap by historical high dividend yield. There is no change from last month.
Three stock (33%) are showing cheap by historical median dividend yield. They are Computer Modelling Group Ltd (TSX-CMG, OTC-CMDXF), Evertz Technologies (TSX-ET, OTC-EVTZF), and Sylogist Ltd (TSXV-SYZ, OTC-SYZLF). There is no change from last month.
I follow 7 of the Infrastructure Type utility companies. None of the stocks (0%) are showing as cheap by historical high dividend yield. There is no change from last month.
Three stocks (38%) are showing cheap by historical median dividend yield. They are Enbridge Inc. (TSX-ENB, NYSE-ENB), Keyera Corp (TSX-KEY, OTC-KEYUF), and TC Energy Corp (TSX-TRP, NYSE-TRP). There is no change from last month.
I follow 9 of the Power Type utility companies. One stock (10%) is showing as cheap by historical high dividend yield. It is ATCO Ltd (TSX-ACO.X, OTC-ACLLF). There is no change from last month.
Two stocks (22%) are showing as cheap by historical median dividend yield. Those stocks are ATCO Ltd (TSX-ACO.X, OTC-ACLLF), and Canadian Utilities Ltd (TSX-CU, OTC-CDUAF). Algonquin Power & Utilities Corp (TSX-AQN, NYSE-AQN) has been removed from this list.
On my other blog I wrote yesterday about Bank of Montreal (TSX-BMO, NYSE-BMO) ... learn more. Next, I will write about Royal Bank of Canada (TSX-RY, NYSE-RY) ... learn more on Friday, January 07, 2022 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, January 6, 2022
Tuesday, January 4, 2022
Dividend Stocks January 2022
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. 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 January 2022.
On this list,
AltaGas Ltd (TSX-ALA, OTC-ATGFF)
Bank of Montreal (TSX-BMO, NYSE-BMO)
Crescent Point Energy Corp (TSX-CPG, NYSE-CPG)
Enbridge Inc (TSX-ENB, NYSE-ENB)
Granite REIT (TSX-GRT.UN, NYSE-GRP.U)
Power Corp (TSX-POW, OTC-PWCDF)
TFI International Inc (TSX-TFII, OTC-TFIFF)
Waterloo Brewing Ltd (TSX-WBR, OTC-BIBLF)
Of the stocks I follow, 1 stock have cut their dividends.
Badger Infrastructure Solutions Ltd (TSX-BDGI, OTC-BADFF)
Of the stocks I follow, 0 stock have suspended or terminated their dividend.
AltaGas Ltd (TSX-ALA, OTC-ATGFF) on December 3, 2021 announced that the dividends will be going quarterly from 2022 in March, June, September, and December. They also increased the dividends 6%. It is being interpreted that way. See the press release.
Badger Infrastructure Solutions Ltd (TSX-BDGI, OTC-BADFF) notes on dividend changes implies a decrease in dividends by 66%. This is at least the way some sites are interpreting their dividend changes. It could also be that they have not decreased their dividends. We will have to see how things work out. See the press release.
PFB Corp (TSX-PFB, OTC-PFBOF) is to be acquired by Riverside. See the press release. It has been delisted from the TSX.
New and Deleted stocks. I have added 3 stocks of KP Tissue Inc (TSX-KPT, NYSE-KPTSF); Maple Leaf Foods Inc (TSX-MFI, OTC-MLFNF) and Neighbourly Pharmacy Inc (TSX-NBLY, OTC-none). I have deleted one stock of PFB Corp (TSX-PFB, OTC-PFBOF).
Of the stocks I follow, the following declined the most in their stock price.
Of the stock that I follow, these stocks gained the most in their stock price.
Most of my stocks started out as Dividend Payers. Currently 16 stocks are not paying any dividends and this would be some 10.19% of the stocks that I follow. Three of these stocks never had dividends, so 8.28% 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 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 Metro Inc (TSX-MRU, OTC-MTRAF) ... learn more. Next, I will write about Bank of Montreal (TSX-BMO, NYSE-BMO) ... learn more on Wednesday, January 5, 2022 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 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. 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 January 2022.
On this list,
- I have 4 stocks with a dividend yield higher than the historical high dividend yield,
- I have 33 stocks with a dividend yield higher than the historical average dividend yield
- I have 52 stocks with a dividend yield higher than the historical median dividend yield and
- 54 stocks with a dividend yield higher than the 10 year median dividend yield.
- I have 6 stocks with a dividend yield higher than the historical high dividend yield,
- I have 35 stocks with a dividend yield higher than the historical average dividend yield
- I have 57 stocks with a dividend yield higher than the historical median dividend yield and
- 59 stocks with a dividend yield higher than the 10 year median dividend yield.
- I had 9 stocks with a dividend yield higher than the historical high dividend yield,
- I had 45 stocks with a dividend yield higher than the historical average dividend yield and
- 39 stocks with a dividend yield higher than the 5 year median dividend yield.
AltaGas Ltd (TSX-ALA, OTC-ATGFF)
Bank of Montreal (TSX-BMO, NYSE-BMO)
Crescent Point Energy Corp (TSX-CPG, NYSE-CPG)
Enbridge Inc (TSX-ENB, NYSE-ENB)
Granite REIT (TSX-GRT.UN, NYSE-GRP.U)
Power Corp (TSX-POW, OTC-PWCDF)
TFI International Inc (TSX-TFII, OTC-TFIFF)
Waterloo Brewing Ltd (TSX-WBR, OTC-BIBLF)
Of the stocks I follow, 1 stock have cut their dividends.
Badger Infrastructure Solutions Ltd (TSX-BDGI, OTC-BADFF)
Of the stocks I follow, 0 stock have suspended or terminated their dividend.
AltaGas Ltd (TSX-ALA, OTC-ATGFF) on December 3, 2021 announced that the dividends will be going quarterly from 2022 in March, June, September, and December. They also increased the dividends 6%. It is being interpreted that way. See the press release.
Badger Infrastructure Solutions Ltd (TSX-BDGI, OTC-BADFF) notes on dividend changes implies a decrease in dividends by 66%. This is at least the way some sites are interpreting their dividend changes. It could also be that they have not decreased their dividends. We will have to see how things work out. See the press release.
PFB Corp (TSX-PFB, OTC-PFBOF) is to be acquired by Riverside. See the press release. It has been delisted from the TSX.
New and Deleted stocks. I have added 3 stocks of KP Tissue Inc (TSX-KPT, NYSE-KPTSF); Maple Leaf Foods Inc (TSX-MFI, OTC-MLFNF) and Neighbourly Pharmacy Inc (TSX-NBLY, OTC-none). I have deleted one stock of PFB Corp (TSX-PFB, OTC-PFBOF).
Of the stocks I follow, the following declined the most in their stock price.
| Name | Exch | Sym | Exch | Sym | Chge SP |
|---|---|---|---|---|---|
| Just Energy Group Inc | TSX | JE | NYSE | JE | -15.50% |
| Ritchie Bros Auctioneers | TSX | RBA | NYSE | RBA | -11.95% |
| Enghouse Systems | TSX | ENGH | OTC | EGHSF | -9.00% |
| Ballard Power Systems | TSX | BLDP | NASDAQ | BLDP | -6.31% |
| Canadian National | TSX | CNR | NYSE | CNI | -5.45% |
| K-Bro Linen Inc | TSX | KBL | OTC | KBRLF | -5.00% |
| Equitable Group Inc | TSX | EQB | OTC | EQGPF | -4.75% |
| Pulse Seismic Inc. | TSX | PSD | OTC | PLSDF | -3.95% |
| CI Financial | TSX | CIX | NYSE | CIXX | -3.78% |
| Goodfellow Inc | TSX | GDL | OTC | GFELF | -3.63% |
Of the stock that I follow, these stocks gained the most in their stock price.
| Name | Exch | Sym | Exch | Sym | Chge SP |
|---|---|---|---|---|---|
| Pason Systems Inc. | TSX | PSI | OTC | PSYTF | 15.28% |
| Teck Resources Ltd | TSX | TECK.B | NYSE | TECK | 15.58% |
| Neighbourly Pharmacy | TSX | NBLY | OTC | none | 15.64% |
| Crescent Point Energy | TSX | CPG | NYSE | CPG | 18.63% |
| Obsidian Energy Ltd | TSX | OBE | OTC | OBELF | 19.50% |
| North West Company | TSX | NWC | OTC | NWTUF | 22.12% |
| Maxar Technologies Ltd | TSX | MAXR | NYSE | MAXR | 39.79% |
| Great-West Lifeco Inc | TSX | GWO | OTC | GWLIF | 39.87% |
| Reitmans (Canada) Ltd | TSX | RET.A | OTC | RTMAF | 62.02% |
| FirstService Corp | TSX | FSV | NASDAQ | FSV | 72.37% |
Most of my stocks started out as Dividend Payers. Currently 16 stocks are not paying any dividends and this would be some 10.19% of the stocks that I follow. Three of these stocks never had dividends, so 8.28% 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 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 Metro Inc (TSX-MRU, OTC-MTRAF) ... learn more. Next, I will write about Bank of Montreal (TSX-BMO, NYSE-BMO) ... learn more on Wednesday, January 5, 2022 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, December 30, 2021
Best Charities
An article on Money Sense talks about the best charities you can donate to. The last list includes the top 10 for Toronto.
On my other blog I wrote yesterday about Maple Leaf Foods Inc (TSX-MFI, OTC-MLFNF) ... learn more. Next, I will write about KP Tissue Inc (TSX-KPT, OTC-KPTSF) ... learn more on Friday, December 31, 2021 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.
On my other blog I wrote yesterday about Maple Leaf Foods Inc (TSX-MFI, OTC-MLFNF) ... learn more. Next, I will write about KP Tissue Inc (TSX-KPT, OTC-KPTSF) ... learn more on Friday, December 31, 2021 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, December 28, 2021
RRSP at 71
An article on Money Sense answers questions on man becoming 71 and his RRSP. His questions include.
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.
- Does it make sense for me to contribute to a RRSP at age 71?
- How can I draw from my RRIF without selling my investments?
- Can I gift money tax-free to my daughter?
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, December 23, 2021
Advice When You Are Young
This is a video from Money Sense. Tt is all about “What’s one piece of financial advice you wish you were given when you were younger?” A number of people answered this, mostly women. Starting early and let the compounding of investing work for you is probably the best advice.
What stood me in good stead probably what I learned from my mother. I always lived below my means, so that if anything happened, I did had room to maneuver. I was also lucky that I had supportive family and friends. So, I had people to talk to about such things. Although they all got into real estate, buying their homes, something I never did. I was not really interested in buying a home. The only other thing my parents bought beside a home was Canada Savings Bonds.
My first investment was a mutual fund, but I sold it to buy furniture when a roommate moved out who had the living room furniture. But I restarted to invest later that year in another mutual fund that held only mortgages. I went on the buy some Canadian Savings Bonds and then into some stocks. I took things one step at a time in investing and I was lucky things worked out for me.
The other thing I did was have a budget. I always had realistic budgets. I would build it from things I had to pay for like rent and food. I add in things I wanted to spend on (or really what I was going to spend money on). You muck around with the budget a bit so you have some left over to save. I was also the sort of person that got just as excited about purchasing an investment (stock or bond or mutual fund) as I did about purchasing clothes.
On my other blog I wrote yesterday about Bird Construction Inc (TSX-BDT, OTC-BIRDF) ... learn more. Next, I will write about Element Fleet Management Corp (TSX-EFN, OTC-ELEEF) ... learn more on Friday, December 24, 2021 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.
What stood me in good stead probably what I learned from my mother. I always lived below my means, so that if anything happened, I did had room to maneuver. I was also lucky that I had supportive family and friends. So, I had people to talk to about such things. Although they all got into real estate, buying their homes, something I never did. I was not really interested in buying a home. The only other thing my parents bought beside a home was Canada Savings Bonds.
My first investment was a mutual fund, but I sold it to buy furniture when a roommate moved out who had the living room furniture. But I restarted to invest later that year in another mutual fund that held only mortgages. I went on the buy some Canadian Savings Bonds and then into some stocks. I took things one step at a time in investing and I was lucky things worked out for me.
The other thing I did was have a budget. I always had realistic budgets. I would build it from things I had to pay for like rent and food. I add in things I wanted to spend on (or really what I was going to spend money on). You muck around with the budget a bit so you have some left over to save. I was also the sort of person that got just as excited about purchasing an investment (stock or bond or mutual fund) as I did about purchasing clothes.
On my other blog I wrote yesterday about Bird Construction Inc (TSX-BDT, OTC-BIRDF) ... learn more. Next, I will write about Element Fleet Management Corp (TSX-EFN, OTC-ELEEF) ... learn more on Friday, December 24, 2021 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, December 21, 2021
Undervalued Canadian Stocks
Andrew Willis on Morning Star talks about 10 Undervalued Canadian Stocks. Read his article to find out what he has to say on these stocks.
Below is his chart. (FV is Fair Value).
On my other blog I wrote yesterday about Sienna Senior Living Inc (TSX-SIA, OTC- LWSCF) ... learn more. Next, I will write about be Bird Construction Inc (TSX-BDT, OTC-BIRDF) ... learn more on December 22, 2021 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.
Below is his chart. (FV is Fair Value).
| Name | P/ FV | FV Uncertainty | Moat |
|---|---|---|---|
| Aurora Cannabis Inc (ACB) | 0.45 | Extreme | None |
| Enbridge Inc (ENB) | 0.75 | Medium | Wide |
| Cenovus Energy Inc (CVE) | 0.78 | Very High | None |
| SNC Lavalin Group Inc (SNC) | 0.80 | Very High | None |
| George Weston Ltd (WN) | 0.81 | Medium | None |
| TC Energy Corp (TRP) | 0.82 | Medium | Narrow |
| Kinross Gold Corp (K) | 0.82 | Very High | None |
| Suncor Energy Inc (SU) | 0.83 | High | None |
| Shaw Communications Inc (SJR.B) | 0.83 | High | Narrow |
| BCE Inc (BCE) | 0.85 | High | Narrow |
On my other blog I wrote yesterday about Sienna Senior Living Inc (TSX-SIA, OTC- LWSCF) ... learn more. Next, I will write about be Bird Construction Inc (TSX-BDT, OTC-BIRDF) ... learn more on December 22, 2021 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, December 16, 2021
Health Care Stocks
Dan Kent talks about Health Care Stocks on Stock Trades. Read the blog to see why he likes these stocks.
He talks about 3:
Savaria (TSE-SIS)
Well Health Technologies (TSE-WELL)
CloudMD (TSEV-DOC)
I follow a little know health care stock called HLS Therapeutics Inc (TSX-HLS, OTC-HLTRF) which I also own.
On my other blog I wrote yesterday about Richards Packaging Income Fund (TSX-RPI.UN, OTC-RPKIF) ... learn more. Next, I will write about Chartwell Retirement Residences (TSX-CSH.UN, OTC-CWSRF) ... learn more on Friday, December 17, 2021 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.
He talks about 3:
Savaria (TSE-SIS)
Well Health Technologies (TSE-WELL)
CloudMD (TSEV-DOC)
I follow a little know health care stock called HLS Therapeutics Inc (TSX-HLS, OTC-HLTRF) which I also own.
On my other blog I wrote yesterday about Richards Packaging Income Fund (TSX-RPI.UN, OTC-RPKIF) ... learn more. Next, I will write about Chartwell Retirement Residences (TSX-CSH.UN, OTC-CWSRF) ... learn more on Friday, December 17, 2021 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.
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