Halfway through 2022, this year started with a feeling of how spring starts after a long winter. Like a refresh after 2 years of pandemic restrictions but that sort of went off the rails with everything that has happened to date, especially with the cost of living shooting up.
Some folks look to make extra money to keep ahead of climbing expenses in various ways such as a side hustle like the gig economy to extra part-time work to investing.
With investing, the stock market is kind of balancing on a tight rope. There could be a further overall drop in indexes (S&P/TSX in Canada for example) that drag down stock prices or maintain the current bouncing around until a bull market restarts.
Depending on what sectors, companies continue to make more profits like oil/gas, pipeline related, grocery related and most big Banks. A lot of Tech related took major hits to their stock prices this year, which is probably the worst sector currently and some of these companies ranked high in indexes bringing them down but for the most part they seem to be bottomed out in stock price and there's more buying lately.
On the crypto side, Bitcoin news is not all that great. Currently, BTC is once again bouncing around the 30 grand range but experienced Traders and Data crunchers figure it will crash to around 15 grand before making a rebound next year to 40 grand while the BTC 'halving' approaches in a couple years. That's going by past history cycles but they are assumptions.
As always with investing, it's watch/wait and try and follow the "money". For example, most top Banks in Canada have hiked their cash dividend distributions after huge profits reported once again. Always good foundation stocks to hold or an ETF that holds all of them.
Here is a decent Telecom stock, which I own that has slow but steady growth; Telus Corp (T.TO) with a snippet from a news release about their dividend growth going forward as long as their finances increase as planned. The type of stock I like to add.
In May 2022, we announced our intention to target ongoing semi-annual dividend increases, with the annual increase in the range of 7 to 10% from 2023 through to the end of 2025. This announcement further extends our dividend program originally announced in May 2011 and extended for three additional years in each of May 2013, May 2016 and May 2019. Our long-term Common Share dividend payout ratio guideline is 60 to 75% of free cash flow on a prospective basis.
In May 2022, the TELUS Board of Directors declared a quarterly dividend of $0.3386 per share, payable on July 4, 2022, to shareholders of record at the close of business on June 10, 2022.
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