Portfolio Sectors

 

There's never a dull moment with the stock market during a given week.

Enbridge (ENB-T), the Canadian pipeline giant surprised those who hold it's stock and others watching by buying 3 Natural Gas outfits in the US for $15 billion including debt this week. 4 Billion raised from a special stock offering that sold out in hours. 

First things comes to mind is the added debt and some sell with lingering doubts about if ENB can maintain it's attractive cash dividends to holders. Time will tell when the dust settles on all that news. 

The price of oil going up at this time is one plus for the pipelines and oil related.

Speaking of attractive ... Keyera Corp or KEY-T, has increased it's cash dividend with an ex-dividend and Pay date for this month of September, 2023 with earnings surprises so far this year.

I'm in a mindset of holding 2 to 3 companies in each sector for the portfolio to stay somewhat diversified. For example Telus or T-T and BCE-T in the telecom sector. The big banks are an exception.

Courtesy of time.com

The big banks of Canada I own in ETF/Fund holdings and keep adding to them separately such as adding more shares of CIBC, CM-T with an ex-dividend date in the last week of this month. 

Some good news I guess on the inflation front in Canada. The Bank of Canada has decided to hold interest rates at 5% ... for now. Looks ominous ... the "for now". Groceries continue to climb in cost adding to household expense and gas will go up with the oil price increase lately. 

Telephone in Focus

 

The Canadian Big Banks have been posting their quarterly earnings over the last several days. It's not surprising that they have and continue to shift more funds to cover possible default loans, etc. with inflation and Bank of Canada's past hike of interest rates to bring it down, creating a financial headache for many plus businesses.

With the yield stocks, September is next and I'll call it my quarterly Telecom month where ex-dividend dates for T-T (Telus) and BCE-T (Bell Canada) fall in the first half of September. I'll keep adding to these two stocks and they are both high yield stocks featured in the current BTSX portfolio.

Both have increased their dividends each year for the last 10 years and while company dividend payments are not guaranteed, I'm investing for future increases.

When I look at some of the popular ETFs and Funds holding these two telecom stocks such as VDY and XEI, which offer high yield and growth, it's more advantageous for me to hold T-T and BCE-T individually because of the their yield history and no management fees. 

Also, next month there are some popular Pipelines and Banks with ex-dividend dates to write about in my next post early in September.