The cold northerly winds here near the Atlantic Ocean makes one forgot about global warming but it's happening never the less. I find the summers getting hotter and more humid as I see more and more Heat Pumps on the decks in the new apartment buildings going up constantly ... instantly providing cooling air.
One of the most Blogged about topics these days from those I read is about staying invested through the down market times where over time the indexes; S&P/TSX and in the US, the S&P 500 go up over the years. It can be hard on the nerves when down markets can carry on for 2 or 3 years then change over to a bull run recouping losses and move up into gains.
The main thing I concentrate on with my holdings is dividend activity and any stock specific negative news that could be just a short term thing or be a long term downward drag on a companies profits. That can be a guessing game with what data, quarterly/yearly reports and press releases a company provides to the public.
When a stock is undervalued and buying low comes to mind but the yield increases over time in my watchlist, it catches my eye. ALC-T, Algoma Central has a current yield of 4.93% which moves with the stock price. After a "Split" it has increased it's quarterly dividends since 2012. The ex-dividend date is November 16th, 2023 with payment on December 1st, 2023.
Algoma Central Corp owns and operates a fleet of dry and liquid bulk carriers operating on the Great Lakes, St. Lawrence Waterway. The company's Canadian flag fleet consists of self-unloading dry-bulk carriers, gearless dry-bulk carriers, and product tankers. The company operates its business through six segments that are Domestic Dry-Bulk, Product Tankers, Ocean Self-Unloaders, Corporate, Investment Properties, and Global Short Sea Shipping. The company earns revenues from marine operations through contracts of affreightment, time charters, and pool revenue.
In the last half of November, I'll be adding to the Insurance stocks or Lifeco's in the Financials sector with GWO-T, Great-West Life having a decent growth run this year so far and it's currently undervalued.
This November is mainly about building on my Utilities, Pipelines and Lifeco's in my portfolio.
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