Spring and Growing Dividends

 

It's spring with the long Easter weekend coming up and I see the outside garden centres being stocked already for another busy planting season. 

Inland from the coast here, there are many dairy farms that use a natural fertiliser for their fields in the form of liquid manure and pump sprayed this time of year. With the wind in the right direction and wanting the windows open for that spring fresh air and putting clothes out on the line ... the smell can get pretty ripe with a hurried change of plans. Frebreze doesn't stand a chance in smothering it.  

Next week, a top bank in Canada, CIBC (CM-T) is on my calendar to buy more shares. With an ex-dividend date of March 27th, CIBC has a current yield of 5.63%.

There are a lot of decent stocks to consider buying before that day, such as TC Energy, (TRP-T). This pipeline and natural gas distributor increased it's dividend by 3.23%

People love their sugar and we tend to consume too much sometimes. Boston Cream donuts are an addiction of mine along with a Tim Horton's coffee in the mornings

With that in mind, a Canadian company called Rogers Sugar or RSI-T is a popular "cheap to buy" stock on my Watchlist and has a current 6.78% yield, paying dividends quarterly.

In a recent update, buys and sells now have a shorter waiting period in Canada stating on May 27th when it will only take 1 business day for a Trade to settle instead of the current 2 business days to settle.

I have quite a few stocks on my Watchlist that I feel are "worthy" with the yield range I'm looking for but tend to put cash/dividends back into my holdings that are in the top twenty yielding stocks in the TSX like Power Corporation of Canada (POW-T) with companies like Great-West Life and Wealthsimple under it's umbrella and a current yield of 5.36%.

Although I mention yields and dividends/distributions, it's wise to look and study the stock's stats like P/E, earnings per share, cashflow and payout ratio, etc. One of my favourites is the 5 year dividend growth and I've read 5% and above is another metric to go by when deciding on a stock. For example, CIBC (CM-T) has a 5 year dividend growth of 10.3%.

 

  

Since it was International Women's Day back on the 8th of March, I'll add a quote from Geraldine Weiss, a lady who followed her investing rules and was successful.

We all hope for capital gains, but the only thing we can really count on is the dividends.