In the first week of December, Canada's largest Banks start publishing and presenting their earning reports. It's of interest to me where I'm into financial stocks, usually ranking high in the top ten of dividend focused ETFs like the popular high yield VDY with Canadian energy stocks mixed in.
Toronto Dominion, TD could be in the news more than the others with their settled fine in the US, which the bank had set aside to pay and I recall they have a lot of cash on the sidelines when they wanted to buy more assets down south, upwards of 15 billion worth awhile back. The price of the stock is in the $79 to $80 CAD range with a 5.15% yield and a 6.25% dividend increase back in January of 2024.
I expect the stock price to increase eventually with operational compliance being mentioned more recently and a turnover of the CEO. Hopefully, another dividend increase for 2025 will occur along with the other banks as well as the Bank of Nova Scotia, BNS which hasn't had a dividend increase since July of 2023 after hitting a rough patch but has recovered since then.
December will be a busy month with my energy stocks going ex-dividend and I'll update about that in the 2nd week looking at Pembina Pipeline, PPL and Canadian Natural Resources, CNQ in the first half with a 7.14% dividend increase kicking in for this month.
Trump's 25% tariff threats for Canada when he takes office next year will probably cost everybody more money after getting over high inflation. See what happens and if the tariff increase will be exempt on our energy/oil sectors flowing into the US where he plans to ramp up oil production down south.
Lots of daily news about the economy and stocks to keep informed on with all that Trump noise lately and how different stock sectors could be affected by US moves.
I should be getting a better picture of the JP Morgan ETFs I bought when they were offered in Canada starting with JEPI and JEPQ back in October. JEPQ gained the most so far where it's into NASDAQ and the USA "AI infused" tech stocks.
The first distributions should be on the 10th of December but where they both pay monthly, I assume this distribution will be based on 2 months since it's startup in October.
On January 2nd, 2025, the expected ex-distribution date will be more accurate along with the fluctuating yield based on price, although one can get an idea from JP Morgan's US site displaying those two ETFs in USD with a past start date of May, 2020.
Overall, I'm pleased with the combination of growth and dividend stocks I own and seeing more positive "green" than usual. One can hope it continues for awhile but the Markets can turn quick at times. However, the diversified portfolio dividends will continue to accumulate going forward.
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