One Day Settlement or T+1

 

On Monday, the 27th of May, 2024 ... the settlement for stock buy and sell transactions will change from 2 days to 1. In the US it will happen on Tuesday the 28th of May.

Probably in the future with the technology and more than likely AI added in, it will be same day settlements. I'm sure Day Traders welcome the change. Moving money in and out of the Markets faster. 

For me, where I'll be in the long term monthly Build or Accumulation stage for some time to come and may always be, I like the faster settlement process as well.

June will be another busy month with several stocks on my hit list and I'll add a couple of stocks from my Watchlist such as Capital Power (CPX-T). 

Energy and Pipelines are trendy this year so far and Suncor (SU-T) is in the middle of it plus SU owns gas stations Canada wide with fast charging for the EVs. There's recent news about new President, Rich Kruger joining in 2023 making a positive impact on the company. The stock price is up near 30% year to date with a 4% yield.

Pembina Pipelines (PPL-T) has an ex-dividend date of June 14th with a current yield of 5.36%. Holding me back from adding now is that the stock is overvalued currently but increased it's quarterly cash dividend so that's enticing. I'll check PPL when closer to June 14th.

TRP-T or TC Energy with it's focus on moving natural gas through it's pipelines and internationally such as shipping to Asia from it's new plant/port in BC has a Market Cap of 54 billion and a yield north of 7%. The pipeline is of interest in the last half of June to further buy.

Highly regulated and more environmental hurdles to build future pipelines will make it increasingly expensive plus all the red tape involved so it would make sense that exciting pipelines will become more valuable in the future. 

A recent post I read got me interested in "Low Volatility" stock holdings within an ETF such as BMO's ZLB plus decent performance growth to boot. The top ten in holdings are all worthy being in my portfolio with Fortis (FTS-T) being the one I currently own. More on that in my next post where it's about stocks that don't tumble in price so much during the downward moves in the Markets and bounce back quicker depending on the sector. 

Quarterly Reports and Dividend Increases in May, 2024

 

In May, It's been a fairly positive month so far with the TSX in Canada while investors and companies await a possible interest rate reduction, perhaps in June.

Quarterly reports with the stocks I own have also been good except BCE, where the CEO mentioned BCE is going in the right direction and expects it to improve by year's end. Time will tell. I'll hold on to it in the meantime. The expectations were 5% dividend increases but the last being 3.1% has some concerned and others have already sold. 

I like this post by Henry Mah on Your Ever Growing Income down below his April Wealthsimple Investment Update about BCE.

In the that highly competitive Canadian telecom sector with the top dogs... Telus (T) added over 200,000 more customers and increased it's quarterly dividend.

Quarterly dividend raised to $0.3891, an increase of 7.0 per cent over the same period last year and our twenty-sixth increase since May 2011, representing a yield of approximately 7.0 per cent; Leading dividend growth program supported by Adjusted EBITDA growth outlook and strong annual free cash flow expansion

Out in western Canada, the oil and natural gas scene is upbeat these days with billions being spent to upgrade and grow their infrastructures while I added to my Enbridge holding (ENB) after reading the company didn't see any change in it's pipeline flows so far with the Trans Mountain Pipeline startup. Initially expected to take some business away from ENB.

In the last half of May 2024, two of my stocks in the Lifeco sector will have ex-dividend dates with Sunlife having different branches of it's company reporting up and down results in the first quarter of 2024 with Asia on the positive side and raised it's quarterly dividend.

Great-West Life (GWO) had a decent quarterly report with record base earnings and has an ex-dividend date of May 30th.

                                         Courtesy Seeking Alpha and Baris-Ozer

I'm a subscriber to The Globe and Mail mainly for it's Investing section but it's packed with news, sports, etc. There are daily articles from different views, approaches and plans for building portfolios and sizing up individual stocks, ETFs. Just like the various Blogs I read. 

Above all, It's about individual choices and building at an investment pace one is comfortable with while still enjoying the things we like to buy or do that costs money.

In the Globe and Mail, I like looking over John Heinzl's Yield Hog Portfolio which is updated monthly since he started it in Oct, 2017. 21 holdings with companies like Enbridge, Emera, Fortis, etc. that I own.

There are two ETF's from Blackrock included and the first ETF to launch in 1990 is the iShares S&P/TSX 60 index ... XIU with a 2nd highest gain in his portfolio of 35.2% based on April where distributions have been reinvested since the initial purchase such as DRGO-A below and calculated by comparing current market value to the starting portfolio value.

The highest gain since 2019 is the US ETF; DGRO-A, iShares Core Dividend Growth ETF with 73.27%. DGRO-A contains US holdings

Impressive ... however, like Vanguard ETF's for the most part, the distributions vary from month to month, quarter to quarter. In comparison to a stock like Fortis, FTS which has been growing it's dividend payout to share holders for 50 years with no fees that come with ETFs although the two mentioned above have very low management fees.