As I grow my stock portfolio, I also keep track of the current BTSX portfolio on Matt's Dividend Strategy site. I own all the stocks listed along with the new addition, Fortis (FTS) ... a St. John's, Newfoundland utility company spread throughout North America and beyond.
Fortis has a current dividend of $2.26 (4.08% yearly yield). The stock is up 3.49% so far this year.
The BTSX strategy is to buy the 10 stocks listed at the start of a year and sell at the end however I keep the list for long term until a see a reason to sell one or more.
Looking it over currently, I can see higher than normal dividend yields. High in the 6 and 7% where prices for most of these stocks are down in price from previous highs. Market sentiment as investors watch what's going on and sell/buy accordingly. Interest rate hikes again in this month of June, 2023 by the Bank of Canada, oil prices, company financial reports/news, etc. all weigh in on that daily sentiment.
July will be interesting where most of the top banks in Canada have ex-dividend dates and there's currently a lot of buzz about them having to shuffle more of their huge quarterly profits to back some possible/expected mortgage/loan defaults as per Canada's banking rules where interest rates increased once again.
They have done this in the past with the cycles of high and low interest rates through the years but with some major bank collapses in the US recently, it's making investors nervous.
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