These TSX Dogs are Still Howling

Warren Buffett says that "if you want to buy stocks, why would you want them to go up?"

Every year a list of the top ten TSX stocks that under performed are published. It is always a good place to start looking for stocks you can buy at good value. I never really like to sell a dividend growth stock once I buy so use this list for buying and not to sell a stock to replace it with something else.

One stock that is perenially on the list is Power Corp (POW). It is one stock I have owned in the past but did sell because I don't feel there is much growth in the stock or the dividend.

If you just want yield then Power will provide you with 5.2%. It has a 10 year DG record of 4.4% which is pretty low and it has zero growth in the last 5 years. It is just not for me but you could do worse.

Dividends power portfolio returns.

Five out of the ten 'Dogs of the TSX' are still down since February when the list was published. They are;

Royal Bank (RY) 2.87%
Scotiabank (BNS) 6.3%
CIBC (CM) 2.8%
Power Corp (POW) 4.8%
Bell (BCE) 2%

Two other 'Dogs' that have just manged a slight gain and still represent good value are;

Bank of Montreal (BMO) 2.28%
National Bank (NA) 1.2%

Notice all the banks that still represent good value and provide a history dividend increases and double digit total returns. I hold all 5 banks and would be looking to add NA at these levels if I had more money to invest.

During yesterday's market sell off utilities were up significantly.All we ever hear from the business news is how utilities will suffer when interest rates rise. That didn't happen yesterday when the BOC jacked rates another quarter point.

I was out buying more of FTS and CU for my retirement accounts X 2.

Buy stocks when they're down and if you hold for 10 years they will definitely be higher than when you purchased them today. They will also be safer than bonds or any preferred shares you have bought to diversify yield.

I am only interested in companies that have a consistent history of raising dividends to help supplement my retirement income.

How do you select stocks for your retirement?

Related Post: Dividend Stocks-The Gift That Keeps on Giving

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