A November Shipping Stock

 

The cold northerly winds here near the Atlantic Ocean makes one forgot about global warming but it's happening never the less. I find the summers getting hotter and more humid as I see more and more Heat Pumps on the decks in the new apartment buildings going up constantly ... instantly providing cooling air.

One of the most Blogged about topics these days from those I read is about staying invested through the down market times where over time the indexes; S&P/TSX and in the US, the S&P 500 go up over the years. It can be hard on the nerves when down markets can carry on for 2 or 3 years then change over to a bull run recouping losses and move up into gains.

The main thing I concentrate on with my holdings is dividend activity and any stock specific negative news that could be just a short term thing or be a long term downward drag on a companies profits. That can be a guessing game with what data, quarterly/yearly reports and press releases a company provides to the public.

When a stock is undervalued and buying low comes to mind but the yield increases over time in my watchlist, it catches my eye. ALC-T, Algoma Central has a current yield of 4.93% which moves with the stock price. After a "Split" it has increased it's quarterly dividends since 2012. The ex-dividend date is November 16th, 2023 with payment on December 1st, 2023.

Algoma Central Corp owns and operates a fleet of dry and liquid bulk carriers operating on the Great Lakes, St. Lawrence Waterway. The company's Canadian flag fleet consists of self-unloading dry-bulk carriers, gearless dry-bulk carriers, and product tankers. The company operates its business through six segments that are Domestic Dry-Bulk, Product Tankers, Ocean Self-Unloaders, Corporate, Investment Properties, and Global Short Sea Shipping. The company earns revenues from marine operations through contracts of affreightment, time charters, and pool revenue.

In the last half of November, I'll be adding to the Insurance stocks or Lifeco's in the Financials sector with GWO-T, Great-West Life having a decent growth run this year so far and it's currently undervalued.

This November is mainly about building on my Utilities, Pipelines and Lifeco's in my portfolio.

Going with Experience in a Ghastly Trend

 

October, 2023 is ending scary for those investors into decent Canadian stock dividend yields with a sea of red like last week, bloody looking.

It will test some investor's risk appetite while trying to keep the inner mind chatter down... No, I'm not selling, I think to myself and tend to read more posts from the experienced who have been through the ups and downs before and carry on for the long term.

The Connolly Report since 1981 on dividendgrowth.ca. Well worth the $50 CDN life time subscription cost and others like Your Ever Growing Income by Henry Mah.

Holding stocks for the long term and gaining with compounding dividend cash payments is behind what Tom and Henry write about while seeking price appreciation over the years. 

I make my own decisions about the stocks to hold and keep up on the news about them. Yesterday I bought more Emera, EMA and read over the Fortis, FTS 3rd quarter report which shows increased net earnings and earnings per share are up compared to 2022's 3rd quarter report. 

Fortis, FTS has an ex-dividend date of November 16th, 2023 with a payment date of December 1, 2023.

Lifeco type financial stocks are on my radar coming up in mid to latter November with ex-dividend dates. Manulife Financial, MFC and Sun Life Financial, SLF.

What topic comes up a lot lately in the financial news and Blogs? Enbridge, ENB, which has morphed into mainly 50/50 Pipelines and Natural Gas between Canada and the US, while taking on more debt recently. The companies dividend rate hike has slowed lately making some eyebrows and moustaches twitch nervously. Kind of like a slow flashing yellow caution light?

Some figure the stock will split in two... Pipelines and Gas and will be in good shape while others figure a possible dividend cut or ENB will slow future increases even more. 

A lot of "ifs" and it's up to a holder of the stock to decide what to do. It is a huge company but as they say ... not too big to fall. Currently, I'm in between buying more ENB or holding for now and wait for further news/developments to come.

I prefer 'no noise' stocks like Fortis I mentioned but one always needs to be prepared for the worst with the stock world and have an alternate stock/ETF in mind for a possible troubled stock sell.