Sunday, March 10, 2024

Mid March 2024 and Pipelines


It's time to get my system clock accustomed to the daylight savings change although I like this time change for a longer daylight in the evenings compared to adjusting the clocks for the winter.

Mid March has several interesting stocks in Canada that have declared their dividends and ex-dividend dates. For a quick snapshot of the dividend calendar I usually bring up the free to use Dividend History site for the bare essentials of the stocks I'm watching and hold. There is also a more detailed list on site, clicking on the Dividend Reports tab but I go to a company's website for the stock reports/news and dividend information I'm looking for to double check on dates and financials.

Looking at dividendhistory.org , I can search individual stocks quickly and I'm mainly looking for the dividend increase percentages and history. For the 14th of March, Pembina Pipeline, PPL (TSX) is listed among other stocks for ex-dividends for that day 

PPL, was a monthly payer but now gone to quarterly payments. They are a mid-stream energy company into a pipeline network, natural gas and propane among other assets in Canada and the US. 

Although Pipelines are like "Middle People" between production and customer they are affected by the commodity price fluctuations and limited to how much they can charge to transport through their pipelines. PPL has a current yield of about 5.5%, currently undervalued and remains on the BTSX's 10 high yield stock list for 2024.

PPL is among my Pipeline sector stocks along with Enbridge, ENB (TSX) being top ranked. Although Enbridge is now getting big into it's Natural Gas asset plans for the US as well as here at home in Canada. Getting more like a 50/50 business between natural gas/oil and pipeline. TC Energy Corp, TRP is a similar business completing it's BC natural gas pipeline to a distribution plant in that province.




As I mentioned in my last post, I tested and later went with a low cost subscription for Dividend.Watch. They continue to add features and where I'm into multiple brokers with TD and Wealthsimple, I can add my transactions and get an overview of my portfolio(s) with a Watchlist feature. They have added an App for the cell as well. 

Their dividend calendar shows ex-dividend dates, earning dates and payment amounts due me after being confirmed by the companies and banks. The free version allows only the current month but paid subscription provides the future months and more than 10 stocks.

I find it a reasonable priced alternative and has more features than a spread sheet. I add transactions manually which is quick and easy compared to allowing broker portfolio access. 

Data hounds and hackers are rampant as we know although comparable sites say they are safe to use when an investor allows access to brokers. Be safe and change up passwords from time to time plus use 2 factor authentication is recommended. Finger print authentication is relatively new I haven't tested yet. 



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