Heading into December, 2022 ... it's quarterly ex-dividend dates for two popular Telecom stocks I own.
Symbol T:TO , Telus on the 8th of December and BCE:TO , BCE Inc. on the 14th of December.
Telecommunication stocks are in the news quite a bit with Rogers bid to buy Shaw and where a Telco wants more of a monopoly in the provinces of Canada. One would like to own all the services country wide but Federal government intervention prevents this. Competition is a good thing but overall ... costs of services are too high and continue to go up. Meanwhile the money flows into these outfits from cellphone, TV and internet subscriptions/contracts.
I own stocks/ETF in the Big Banks, Telecom, Oil. Utilities and Insurance providers after doing due diligence on picks but there's always an element of risk with each purchase. What can go wrong? Eh
If an investor is looking strictly for gains and price action. A lot can happen from day to day, week to week (AQN from my previous post). But, with regards to yield and dividends, I have no complaints over the long term.
However, it's wise to stay informed and one can always sell if not happy with a stock's performance ... and use the cash to buy into more of current holdings or a stock/ETF on a personal Watchlist that's enticing.
They say not to be too loyal or trusting in any one company and be willing to move on but not everybody has the mindset to do that. Like doing business with the same bank for decades and hold stocks in it. Just because of short term price corrections and the financial press coverage on that ... I wouldn't sell. Think long term for the stock choices available in the Big Banks of Canada and their dividend distributions.
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