The Watchlist

 

What's in your Watchlist?

I hold several of the top yielding stocks in the TSX 60 and building on all in the current 'Beat the TSX" or BTSX Strategy highlighted on Matt's site at dividendstrategy.ca except AQN: Algonquin Power.

Meanwhile, I keep a Watchlist and add/delete stocks/ETFs that I'm pondering on buying. For example, RNW-T: Transalta Renewables Inc, a company into "Green" power I call it. Wind Farms comes to mind.

The company pays a monthly dividend and if you like a consistent payout, it's been the same amount since mid 2017. The drawback is ... growth investors like steady increases in the dividend. However, boosting the dividend too much and the company suffers a down year or two, a cut and a lower dividend could result if things don't improve as in AQN's recent history.

05 Aug 2023 update: September's declared dividends will probably be the last one for RNW-T as they have been absorbed by TransAlta ( TA-T), which pays quarterly dividends. An example of how things can change and to keep informed on holdings with what news is available.

ALC-T: Algoma Central Corporation is a Great Lakes shipping company and pays out a quarterly dividend and unlike RNW-T has been increasing it's cash dividends for it's stock holders. The company is also into international shipping as well.

I look over the charts, the numbers and divided history and check out the latest news articles about companies that make my Watchlist.

A Watchlist can be comprised of stocks I currently own to monitor how they are performing and I can build it on stock related sites such as TMX for example with options to set up my email alerts with the latest news, declared dividends by a company, etc. at no cost. I find these handy instead of searching for the information.

BTSX type stocks are my priority in buying and like many investors, there's only so much cash to go around for investing so the Watchlist of stocks I don't own is secondary buying. More power to the people I read about that can invest 50 to 75% of their pay cheque every payday. You only live once so I'm not going to do without those extras that are enjoyable today for an unknown but planned future. Who knows what curve balls life will throw at you in the meantime. Hopefully ... none.   

 

   

Growth and Yield with Insurance

 

We've already had record breaking temps and rainfall in the Atlantic provinces. Winds from a warming ocean and tropical heat from down south are keeping uncomfortable humidity levels up for weeks. Hurricane season is coming soon and some hurricanes will probably sustain more power moving up into the east coast of Canada. These intense storms usually slow up some coming into colder North Atlantic waters.

With the top dividend paying stocks I own, I'm looking to further build on Fortis (FTS.TO) with an ex-dividend date in mid August, 2023. FTS is also a holding in an ETF I mentioned in my last article, BMO's ZWU and other popular Canadian utility focused ETFs out there.

In the first half of August, Enbridge (ENB.TO) has an ex-dividend date on the 12th. Always wise to double check these ex-dividend dates. I'm a monthly "dollar cost averaging" buyer so I keep track of these dates being in the accumulation stage which I'll probably stay in well into the future.

In the second half of August, some of my top financial/insurance companies of interest like Manulife Financial (MFC.TO), Sunlife (SLF.TO) and Great-West Life (GWO) comes to mind with GWO having the best 1 year return plus a current yield of 5.18%.

In Crypto land where I just focus on BTC and ETH, the US has shot down spot BTC ETF applications for years. That could change where Blackrock, one of biggest stock ETF providers has submitted an accepted application by the SEC. Time will tell if it's approved and will that boost BTC's price as retail and Wall Street types buy? It could but that virtual coin/token world is volatile and no one can call it only guess although the word is some are stockpiling funds/BTC to go all in if Blackrock is a go.