BCE Inc T.BCE

dividend stocks

[SargeX]

Excellent previous posts on where BCE might be headed. It sure does seem like it's big capital appreciaiotn dyas are behind them and it really has become just an income stock.I suspect it will stay below $60 for at least a few years to come.

As I've mentioned, my wife & I are dividend income/growth investors so total return doesn't really matter.  We genertae way more dividend income than we need for all expenses. So far we have been using the extra dividends for early inheritance for the kids and grandkids, extra charity donations, and buying more of what we already own,

What tha means is we are happy with our holdings as long as we don;t get any divy cuts and continue to get at least minor 2-3% increases each year.

It's an interesitng time for us, as I now feel that we have enough of each of our 12 main holdings other than our 4 banks. (which we need to add a bit more to at some point). So in the next couple years, we have to make a decision on what to do with the extra dividend cash we receive. 

I did an analysis and I'm starting to think about just putting it into VDY, It's a really simple, easy option.

Anyway, I build a couple tables that update automatically to each day's final price. (see below). We don;t own any VDY but I added it to the tables for comparison purposes. I was actually quite shocked by how poorly many of the big divy payers have performed price wise. Makes me think that if I was a total return investor, I'd probably just buy a couple ETFs, like XAW, VEQT, and VDY.

Interesitng stuff.

Ciao
  Sarge

Ticker		18.01.01		Curr		Chg%
BCE		60.38		50.52		-16.33
BMO		100.49		124.66		24.05
BNS		81.12		63.26		-22.02
CPX		24.62		36.22		47.12
EMA		46.98		46.75		-0.49
ENB		49.32		46.03		-6.67
KEY		35.32		31.83		-9.88
PPL		45.51		45.18		-0.73
RY		102.65		131.01		27.63
T		23.79		23.64		-0.63
TD		73.40		79.88		8.83
TRP		61.07		50.48		-17.34
VDY		34.69		41.47		19.54

Ticker		14.01.01		Curr		Chg%
BCE		46.00		50.52		9.83
BMO		70.81		124.66		76.05
BNS		66.43		63.26		-4.77
CPX		21.30		36.22		70.05
EMA		30.57		46.75		52.93
ENB		46.44		46.03		-0.88
KEY		31.97		31.83		-0.44
PPL		37.42		45.18		20.74
RY		71.41		131.01		83.46
T		18.28		23.64		29.32
TD		50.06		79.88		59.57
TRP		48.54		50.48		4.00
VDY		30.15		41.47		37.55

[SargeX]

I added an average of the 12 main holdings to the two tables. For the 2018 table the average is 2.80% vs 19.54% for VDY, and for 2014, the average is 33.32% vs 37.55% for VDY. As the tables show, the banks other than BNS, have done really well and the rest other than CPX, have done pretty poorly since 2018 but better since 2014 (which is a long time ago). Ciao   Sarge

[Karl63]

Hello Sarge, hope you are well, we haven't spoken in a while. It's hard to believe that VDY has a 19.54% increase since 2018 vs the average of your portfolio which is just 2.8%.  VDY is a high dividend Canadian fund; I know that both you and I are dividend investors, as are many others; our portfolios are of necessity very similar to VDY.  There is, after all, only a limited

[SargeX]

Hey Karl Great to hear from you. I hope all is going well for you. Things are top-shelf out this way.. All the stock prices including VDY are the actual prices. I saw Dean's post about the difference in yield and that is a most excellent point. I checked a few years and the difference between the average yield of the 12 stocks and VDY seems to average around 1.4% or so. Over the 6 year

[DeanEdmonton]

Sarge, good post as always. One thing missing however, the dividend income from the stocks listed. If you add the annual income from those stocks that is in excess of the yield on VDY, VDY would not be showing the same degree of out-performance that it is when based soley on price appreciation. Stay well.

[SargeX]

Hey Dean I hope all is going well.  Totally spot on comment. I included my comments on the yield difference in my post to Karl. Take her easy   Sarge

[Niceneasydoesit]

Lucky you! No preferred or bonds?

[SargeX]

Nope, no fixed income at all - no prefs, bonds, nor GICs. Just 100% invested in the 12 TSX stocks with a very small position in AQN (0.6% of portfolio). AQN used ot be a main but we have sold most of it after the divy cut.for a $41.7k profit (which could have been a really big profit if we had sold when they announced the Kentucky Power take-over but such is life). Ciao   Sarge

[Red_Deer]

Hey SARGEX__You Must BE a VERY Loyal Canadian__With NO US stocks. Any Reason as to WHY You Have AVOIDED US Listed stocks ???

[FiddyFiddyShot]

RED DEER - Your job today is to Google "How do I take off my caps lock". Let everyone know how that works out for ya....

[Red_Deer]

Hey FIDDY__I Have NEVER USED the Caps Lock Key__I DO USE the SHIFT KEY !!!!

[1condor]

SargeX...I too rarely use income products but did do a trade on XLB back in the Fall of 2023 when it was in the gutter, which I unloaded last month. Sometimes I do get the timing right. Will play XLB again on weakness as we move further into 2024. I am currently in the process of adding to the severely beat up utilities and telecom for the inevitable rotation.