The quarterly earnings reports for the stocks I own are decent so far with more to come for November, 2024. I can see how a company is doing compared to the quarter last year and this year. The introductory write-up has an overview of what's happening and plans for the future before the number crunching.
Enbridge, ENB has moved up in price since June of this year and besides expanding into the US with natural gas acquisitions, the company has plans to build pipelines from it's Main Line to service Western Canada where natural gas is at near storage capacity and oil is pumping as usual.
With an ex-dividend date of November 15th and a current yield of 6.49%, the latest news about Enbridge.
On Friday, Enbridge reported a third-quarter profit attributable to common shareholders of $1.29-billion, up from $532-million a year earlier.
The company said the profit amounted to 59 cents a share for the quarter ended Sept. 30, up from 26 cents a share in the same quarter last year.
Manulife Financial, MFC ... is on a pace to reach it's past record high so far this year gaining over 40%, yielding 3.89% at this time and remembering that yields go opposite to stock price. The ex-dividend date is not declared yet but I expect it to land on the 21st of November.
In books and articles, some like to give the stock market a more human personal appeal calling it Mr. Market who will reward you and then turn on you like a Grinch, where greed and fear comes in with the stocks for some investors. Mr. Market will probably be cloned in the future, becoming a microchip driven AI learning and data machine, running 24/7.
That brings me to the Telecoms, which has been lumped in with Utilities in some ETFs. Both BCE and Telus, T, being large market cap companies, are slumping this year in price but so far ... maintaining their dividends with ex-dividend dates in December. With high debt loads due to infrastructure builds, the talk is these companies may be selling off some of their assets to get back to a sort of an even keel, which BCE has already started.
Interesting to see how their quarterly reports look like later this week and their forecast for the months ahead but I expect dividend growth with these 2 stocks to slow in the future or hold at current rates unless they can right their ships over the long term. Mr. Market is giving me a thumbs down and clawing back gains for now with these stocks so I'll hold on further buying but wondering what they will look like 3 to 5 years from now for long term holders.
By the look of the charts, many investors are not waiting around to find out and look to move those funds into more promising stocks or ETFs. Not always an easy choice to make but some keen investors already have this mapped out before selling.
October was a good month for my stocks overall and see what effect the US Presidential election on Tuesday the 5th of November has on the US markets, which usually spills over into the Canadian market for the short term.
No comments:
Post a Comment