The benefits to using dividend produce to guage how cheap or expensive a stock is, is that you are not using quotes or old data (like last reported quarter’s data). You are employing today’s stock price and today’s dividend produce. For other assessment, 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 employing data from the last reported financial one fourth. This operational system can not work well for old Income Trust companies.
These companies had quite high Dividend Yields that will probably never be observed again. So, I started a column called VT (for Valid Test) which applies to checking stock price using dividend yield. If it’s not just a valid test I use N to show this. For these stocks and shares, year median dividend yield you might be better looking at the current dividend yield to the 5.
However, no functional system is ideal. But if you are thinking about buying a stock a summary of stocks cheap or reasonable using dividend yield data might be a good spot to start. Categorizing stocks and shares is much less simple as it can appear. Every site you go to has differently categorized stocks a bit.
I try to keep this as simple as possible. In the next records I am only going to list shares displaying as cheap using the historical high dividend produces (P/Hi) and historical median dividend produces (P/Med). I follow 21 stocks and shares in the buyer Discretionary category. Three of the stocks (14%) are showing as cheap by the historically high dividend yield and they are DHX Media Ltd. Consumer Discretionary are displaying cheap by historical median dividend produce. They are Canadian Tire Corp (TSX-CTC.A, OTC-CDNAF), DHX Media Ltd. I follow 11 Consumer Staples stocks. No companies are showing as cheap by the historically high dividend yield. Five stocks (or 42%) are showing cheap by historical median dividend yield.
These are AGT Food and Ingredients Inc. (TSX-AGT, OTC-AGXXF), Alimentation Couche-Tard (TSX-ATD.B, OTC-ANCUF), Empire Company Ltd (TSX-EMP.A, OTC-EMLAF), Loblaw Companies (TSX-L, OTC-LBLCF) and Metro Inc. (TSX-MRU, OTC-MTRAF). Month There is absolutely no change from last. I only follow three HEALTHCARE stocks. None of them of these stocks are displaying as cheap by the high dividend produce historically.
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Two or 67% are cheap by the historical median dividend produce. The stocks are Johnson and Johnson (NYSE-JNJ) and Medtronic Inc. (NYSE-MDT). There is absolutely no differ from last month. I follow 10 PROPERTY stocks. None of them of these stocks is displaying as cheap by the high dividend produce historically. Choice Properties REIT (TSX-CHP.UN, OTC-PPRQF) has been removed from this list.
Five stocks (or 50%) are displaying cheap by historical median dividend yield. They are Artis REIT (TSX-AX.UN, OTC- ARESF), Choice Properties REIT (TSX-CHP.UN, OTC-PPRQF), Granite Real Estate (TSX-GRT.UN, NYSE-GRP.U), H & R REIT (TSX-HR.UN, OTC-HRUFF) and Melcor Developments Inc. (TSX-MRD, OTC-MODVF). There is absolutely no differ from last month. I follow 8 Bank or investment company stocks.
None are displaying as cheap by the high dividend yield historically. Three stocks (or 38%) are showing cheap by historical median dividend yield. They may be Bank or investment company of Nova Scotia (TSX-BNS, NYSE-BNS), and CIBC (TSX-CM, NYSE-CM). Toronto Dominion Bank or investment company (TSX-TD, NYSE-TD) has been removed from this list. I follow 14 Financial Service shares. None are showing as cheap by the historically high dividend yield.
Eight (or 57%) stocks and shares are displaying cheap by the historical median dividend yield. Associates Inc. (TSX-GS, OTC-GLUSF), IGM Financial (TSX-IGM, OTC-IGIFF) and Power Corp (TSX-POW, OTC-PWCDF). There is absolutely no change from last month. I follow 6 Insurance stocks. None are displaying as cheap by the historically high dividend produce. Six stocks and shares (or 100%) are displaying cheap by historical median dividend produce. These shares are Great-West Lifeco Inc. (TSX-GWO, OTC-GWLIF), Industrial Alliance Ins.
Fin. (TSX-IAG, OTC-IDLLF), Intact Financial Corp. There is no change from last month. I follow 32 Industrial stocks and shares. Because I have so many and Industrial is not so descriptive, I have divided my Industrial stocks and shares into 4 individual categories under Industrial. They are Construction, Industrial, Manufacturing and (Business) Services. I’ve 6 Construction stocks and shares.