In May, It's been a fairly positive month so far with the TSX in Canada while investors and companies await a possible interest rate reduction, perhaps in June.
Quarterly reports with the stocks I own have also been good except BCE, where the CEO mentioned BCE is going in the right direction and expects it to improve by year's end. Time will tell. I'll hold on to it in the meantime. The expectations were 5% dividend increases but the last being 3.1% has some concerned and others have already sold.
I like this post by Henry Mah on Your Ever Growing Income down below his April Wealthsimple Investment Update about BCE.
In the that highly competitive Canadian telecom sector with the top dogs... Telus (T) added over 200,000 more customers and increased it's quarterly dividend.
Quarterly dividend raised to $0.3891, an increase of 7.0 per cent over the same period last year and our twenty-sixth increase since May 2011, representing a yield of approximately 7.0 per cent; Leading dividend growth program supported by Adjusted EBITDA growth outlook and strong annual free cash flow expansion
Out in western Canada, the oil and natural gas scene is upbeat these days with billions being spent to upgrade and grow their infrastructures while I added to my Enbridge holding (ENB) after reading the company didn't see any change in it's pipeline flows so far with the Trans Mountain Pipeline startup. Initially expected to take some business away from ENB.
In the last half of May 2024, two of my stocks in the Lifeco sector will have ex-dividend dates with Sunlife having different branches of it's company reporting up and down results in the first quarter of 2024 with Asia on the positive side and raised it's quarterly dividend.
Great-West Life (GWO) had a decent quarterly report with record base earnings and has an ex-dividend date of May 30th.
I'm a subscriber to The Globe and Mail mainly for it's Investing section but it's packed with news, sports, etc. There are daily articles from different views, approaches and plans for building portfolios and sizing up individual stocks, ETFs. Just like the various Blogs I read.
Above all, It's about individual choices and building at an investment pace one is comfortable with while still enjoying the things we like to buy or do that costs money.
In the Globe and Mail, I like looking over John Heinzl's Yield Hog Portfolio which is updated monthly since he started it in Oct, 2017. 21 holdings with companies like Enbridge, Emera, Fortis, etc. that I own.
There are two ETF's from Blackrock included and the first ETF to launch in 1990 is the iShares S&P/TSX 60 index ... XIU with a 2nd highest gain in his portfolio of 35.2% based on April where distributions have been reinvested since the initial purchase such as DRGO-A below and calculated by comparing current market value to the starting portfolio value.
The highest gain since 2019 is the US ETF; DGRO-A, iShares Core Dividend Growth ETF with 73.27%. DGRO-A contains US holdings
Impressive ... however, like Vanguard ETF's for the most part, the distributions vary from month to month, quarter to quarter. In comparison to a stock like Fortis, FTS which has been growing it's dividend payout to share holders for 50 years with no fees that come with ETFs although the two mentioned above have very low management fees.
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