Bank Earnings and Dividends for May, 2023

Ending May 2023 and with the twist and turns of the stock market, many are saying Canadian Banks are more into a "buy" territory as their stock prices are lower while reporting dividend increases. One I'm waiting on is TD with no word on an increase yet.

From: My Own Advisor blog

On dividends, on a slightly brighter note, Canadian big bank earnings were reported this week and here is a recap of various dividend hikes from this sector including our portfolio raises:

• Bank of Montreal declared a $1.47/share quarterly dividend; 2.8% increase from prior dividend of $1.43.
• Bank of Nova Scotia declared a $1.06/share quarterly dividend; 2.9% increase from prior dividend of $1.03.
• Royal Bank of Canada declared a $1.35/share quarterly dividend; 2.3% increase from prior dividend of $1.32.
• Canadian Imperial Bank declared a $0.87/share quarterly dividend; 2.4% increase from prior dividend of $0.85.

I buy on a dollar cost averaging pace from month to month, regardless.

Going along with the experienced in the ways of the stock market, Benjamin Graham and Warren Buffet preach, buy low and sell high. 

Can't time the markets but keeping informed ... one can see Banks are off their past highs and shuffled millions for expected defaults on loans with these days of high interest and other factors.

It's tourist season on the east coast of Canada while cruise ships come and go at a steady pace from the huge with 3000 to 4000 cruise goers to the small carrying about 250 passengers.

After their daily tours, while the ships restock/clean for the next leg of their journeys, a popular song can be heard ...

Finishing up for today, the price of oil hangs around $70 USD these days, off the $100+ this time last year. Oil related stocks are usually second on my list to buy knowing the big cash hauls they made with oil at $100 USD and over has tapered off.  Some managements have stock piled all that extra cash while others blew it as fast as it came in. 

Pipelines ... the "go between" companies for long contract oil producers to move their product to storage/market are my choice. Pembina Pipelines (PPL) and Enbridge (ENB) come to mind. It's always wise to read over companies stock information, news that comes up about them if owned and consider the risk over the short term. Not so much going long term.