Dividend Stock Watchlist – July 2019
Dividend Stock Watch list – July 2019
Hope life has been good. Sorry for the delay in posts yet again. Last week we got sucked into stranger things 3 and watched a episode or 2 each night. I planned on writing a post Wednesday night but we had one final episode to watch and the wife really wanted to finish the show. We ended up taking last Friday off and went to a friends cottage Thurs – Sunday. Great Times.
Its Time yet again to start looking at where we will be putting our money to work this month. The market continues to climb, but there are some deals still to be had out there!
In May we decided to start a position in Bell for our kids Resp. It is one of Canada’s Top telecom stocks and has a great dividend track record.
The government matched our contribution 20% this month, so money is sitting idle in the account. While this stock is not a steal at the moment, I feel its a great blue chip stock that will be around for a long time. Also the communications sector is still one of our lowest sectors after the sell off of shaw.
Again this is not a value buy but its a swan (sleep well at night) stock that I would like to get dripping in their Resp.
- P/e ratio – 19x
- Dividend Yield – 5.24%
- Dividend Growth Streak – 10 Years
- 5 year Dividend Growth Rate – 5.3%
Brookfield Property Partners
I bought this stock back in January for 21.93 per share. The stock shot up to north of 28 bucks in a month or 2 but has since dropped back down. At under 25.00 per share this stock is undervalued for sure. So cheap that they have been buying back their shares at levels under 27$..
I’m a huge fan of the brookfield family of stocks and I feel this stock doesn’t get the love it deserves. They own some of the best real estate in the world, but the market still seems upset since it bought all those malls.
Bpy is a stock I don’t mind dollar cost averaging up on. (note I do hold them in a tfsa and you will pay taxes. I get about 90 bucks a quarter and I think they taxed me 60 cents… minor stuff)
Real estate is one of my highest sectors currently and I’m trying to focus on my lowest 4 but I may change my mind this month.
- P/e ratio – 9.8x
- Dividend Yield – 7.17%
- Dividend Growth Streak – 6 Years
- 5 year Dividend Growth Rate – 20.3%
3m continues to spark my interest. I bought 3m in April once they dipped down at around 190. The stock continued to slide and went as low as 159 a share. This is one of the best dividend growth stocks out there, but has taken a beating. I think based on their history and the amount of patents they have out there, this is just short term noise. Some compare it to GE, but that is a horse of a whole different colour in my opinion.
Trade wars hurt some companies and 3m is getting hurt right now. They do have some litigation issues, but I feel that is already priced into their current stock price.
One of my goals this year was to start and grow positions in 3m, jnj and pepsi. So this dip really helps that goal, also the industrial sector is my 3rd lowest sector so that’s nice to boost as well!
At $172 a share their numbers look very appealing, but I think dividend growth will be slower than the past for a couple years as they navigate through lawsuits and growth challenges.
- P/e ratio – 18.4x
- Dividend Yield – 3.33%
- Dividend Growth Streak – 60 Years
- 5 year Dividend Growth Rate – 14.8%
This would be a new position for me, but one I have thought about for a long time now. I have a couple of friends who work there and have nothing but good things to say. Magna is a global automotive supplier and has a great history of raising their dividend and buying back shares.
This is a stock that I feel will get rocked in a recession, and has kinda left me on the sidelines. Although this may be already priced in at current prices. The rise of electric vehicles may help keep the industry pumping cars out as people transition from combustible engines to electric in the coming years.
At 62$ a share they are near their 52 week low too!
- P/e ratio – 5.9x
- Dividend Yield – 3.14%
- Dividend Growth Streak – 9 Years
- 5 year Dividend Growth Rate – 15.6%
What Others are Buying or Interested In.
I asked on my twitter account and facebook page what others have been watching or buying. Here are some of the responses to give you more stocks to look into.
- Mike at TheDividendguyBlog has been buying some Sylogist Ltd
- Mark at MyOwnAdvisor has been looking into adding some more u.s healthcare stocks
- The Dividend Diplomats are watching oxy after their recent dividend raise.
- Seeking the Dividends likes WBA, Laz and Kr these days.
- Jimmy at The Compounding Dollar has been buying some Cisco and Bank of America.
- Nick at Late Cycle Investing likes Transalta Renewables and Exchange Income Fund.
- One Dads Finance (No website) has been buying BNS.
- Investing Pursuits just added some more CIBC.
- Matt at AllAboutThedividends just bought diversified royalty, Royal Bank and BMO.
- Jordan at MoneyMaaster added to Interrent Real Estate Investment Trust recently.
That’s Personal Finance for you! Not much overlap at all. Which is kind of surprising. We can see a lot of interest in the banks currently though. Gotta love those bank stocks!
Well there you have it, that concludes our dividend stock watchlist – July.
Most likely I will be adding to our position in Bell Canada since we have cash just sitting in that account and the wife tends to be happiest when we contribute to the resp. (what a great mom) Also the government may match our new contribution before Bell’s next ex dividend. Any big moves in the other 3 or jnj and things can change pretty fast though.
I’m curious what stocks are your currently watching or adding to? Which of these 4 would you be buying for the long term?
Have a great week, cheers!
Hey I’m Rob, creator of Passive Canadian Income.
In 2011 me and my wife had almost $60,000 in debt and a negative $7,000 Net Worth. Through hard work and financial education we paid all that off. Now we are focusing on increasing our Passive Income Streams to make the money work for us. Feel Free to Follow along the Journey by clicking the Social Media links below or subscribing to get notified of new posts on the sidebar.
Bought a few shares of ABBV after that huge dip on the acquisition announcement. Not many buys this year. Need to save capital for other things at the moment. I will be making way more buys probably next year.
Yeah nice buy and way to take advantage of the dip. Life comes first, while id like to invest more. Summer is short and need to enjoy it and spend money on exterior renos.
You’re looking to build your JNJ position…have you added any? It’s tripped twice as of late. Once this week and at the end of May.
I havent started a position yet. Think 3m offers a better value at the moment. I think jnj will stay at these levels until their court dates are settled up. Hopefully i buy before than.
At the moment only 10 usd in our rrsp account while our other accounts have more sitting idle. I should put those dollars to work first!
haha cheers man!
Very cool list and a very coo way to showcase what others are looking at. Hope you are able to make a move on a company at a price that you want!
Thanks man, yeah I think Im going to start including what others are watching moving forward. Its a great way to see the options out there.
Something tells me you gonna go for BELL. I will wait for Magna to trade below $60. Something like $55 would be a sweet spot for me. And then average down every $7. Bell is a safe bet. I don’t see any downside for the company just yet. BPY is getting hot again. Man, that would be nice to scoop some shares at around $22. We’ll see!
Your spot on, just added another 22 shares of bce.
22 bucks for bpy? Id definitely be a buyer again than.
Yeah, I don’t really follow technical analysis, but if you look at BPY chart it looks like it wants to break lower. If that happens, then I’m ready !!!