The Canadian Big Banks have been posting their quarterly earnings over the last several days. It's not surprising that they have and continue to shift more funds to cover possible default loans, etc. with inflation and Bank of Canada's past hike of interest rates to bring it down, creating a financial headache for many plus businesses.
With the yield stocks, September is next and I'll call it my quarterly Telecom month where ex-dividend dates for T-T (Telus) and BCE-T (Bell Canada) fall in the first half of September. I'll keep adding to these two stocks and they are both high yield stocks featured in the current BTSX portfolio.
Both have increased their dividends each year for the last 10 years and while company dividend payments are not guaranteed, I'm investing for future increases.
When I look at some of the popular ETFs and Funds holding these two telecom stocks such as VDY and XEI, which offer high yield and growth, it's more advantageous for me to hold T-T and BCE-T individually because of the their yield history and no management fees.
Also, next month there are some popular Pipelines and Banks with ex-dividend dates to write about in my next post early in September.
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