May, 2024 will be an interesting month while the NHL playoffs are underway with some Canadian teams having the potential to win their series and get past the first round.
Quarterly earning reports will be coming out as well for some of my stocks in May although these are short term 3 month reports while I look long term.
However, where my focus is the dividend, it's wise to keep track of companies that have lowered their dividend growth due to several factors such as higher debt and lingering high interest loans, competition, government oversight, etc.
The telecom that's been in the investing news since it's last earnings report, BCE which reports earnings on May 2nd, will have a lot of scrutiny to see if their recent cuts to lower expenses and operational costs has improved. Probably take the rest of 2024 to see any positive results, if any.
All that data and number crunching comes down to analyst's single line quotes with their estimates and did the earnings report miss, meet or exceed their expectations. Investors can then dig into more analyst numbers for a company but I don't bother with that where it's just that ... estimates.
With energy and the moving of oil and natural gas where Canada is ramping up exports this year, Enbridge or ENB reports on May 10th and has an ex-dividend date of May 14th. ENB's current yield is 7.48% and has moved up from it's 52 week low of $42.75.
What they call a boring stock but a good foundation stock is the "powerhouse" utility, Fortis or FTS with companies under it's holdings umbrella all over North America and beyond. FTS reports earnings on May 1st and has an ex-dividend date of May 16th with a current yield of 4.42%.
The top banks in Canada begin reporting earnings during the 2nd half of May with the Bank of Montreal, BMO being the laggard in the last earning report ending 2023.
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