Daylight Savings Time kicks in less than a month ... March 10th and I'm already looking forward to more daylight and heading into spring. Time to shop around for a new BBQ where mine is burnt out. Burgers and wieners sizzling where steaks are a luxury item these days unless on sale. Meanwhile grocers here are saying a freeze on prices is coming to an end? Ok, didn't know there was a price freeze where I'm paying more every month.
I'll need more dividend payments to keep up and on that subject, in the Lifeco sector; Manulife Financial (MFC) comes to mind with an ex-dividend date of February 27th and a pay date of March 19th.
MFC is currently undervalued going by the current Graham Number. ($44) with a 4.80% yield and a 5 year dividend growth of 10%.
A stock I will add this month after "watching" it for awhile is Atco Limited (ACO-X), which I mentioned in my last post. Atco Ltd has a 5 year dividend growth of over 7% and with a 3% dividend increase for it's February 28th ex-dividend date, paid on the 31st of March.
I look for decent companies that are growing their dividends but as an investor with no insight to what goes in company boardrooms or a CEO's office, I can only go by what stats, news and history provides.
A good example of this is the release of a recent upsetting quarterly report by a top telecom company in Canada, BCE. That is still causing a stir, even getting the Prime Minister, Justin Trudeau miffed calling it a garbage decision over BCE's cutting of 4800 jobs plus other closures/selling. BCE increased it's dividend by 3.1%, while a minimum of a 5% increase was expected.
BCE's bottom line could improve over the next couple quarters but at what morale cost are on some investor's mind. The stock world can be cruel and unforgiving to investors at times while the underlying companies think about profit as they hand out layoff notices from time to time.
Meanwhile, long term yield investors see it as a stitch in time and look forward to future accumulating dividend payments with their holdings.
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