Posted by BM on January 17, 2022
Q4 Earnings season is upon us. Companies start to report next week. Earnings should exceed expectations once again, but most investors feel that the near-term future will be far less bright. The markets tend to be forward looking so maybe some of the pessimism early in 2022 is starting to show. We will be cautious with what we buy as dividend growth investors but always have the comfort of our rising cash flow as market valuations revert to the mean.
Performance of ‘The List’
The best performers last week on ‘The List’ were Enghouse Systems Limited (ENGH-T) up 4.6%; Magna (MGA-N) up 4.1%; Royal Bank (RY-T) up 3.9%.
TFI International (TFII-T) was the worst performer again this week, down -6.8% and -13.5% YTD.
‘The List’ was basically flat this week down .1% with a .9% YTD price return loss (capital) and an average of 4.7% dividend increase (income).
Dividend Increases
There were no dividend increases announced from companies on ‘The List’ this past week.
Earnings Releases
There were no earnings releases announced from companies on ‘The List’ this past week.
Recent News
Magna International Says Adding More Than 120 Engineers from Boston-Based Optimus Ride
Magna (MG.TO, MGA-N), one of the world’s largest suppliers in the automotive space and a mobility technology company, on Tuesday said it has added more than 120 employees of Optimus Ride, a provider of autonomous vehicle and mobility solutions located in Boston, to enhance Magna’s capabilities in the field of advanced driver assistance systems (ADAS).
According to news reports, Magna entered into an agreement with Optimus Ride to hire the engineers and to acquire its self-driving vehicle technology and intellectual property rights. Terms were not published but media reports said Magna had sent over 140 “engineering-related” job offers and more than 120 accepted them.
“Growing our engineering bench strength in sensing hardware and software helps accelerate our path forward in a rapidly growing ADAS market,” said John O’Hara, President of Magna Electronics, in a statement.
The contributions expected from the Optimus Ride employees will be valuable as Magna builds on its strengths and position as a global ADAS provider with comprehensive capabilities, the company added.
The team remains in Boston’s Seaport district, establishing a Boston-based engineering center and presence for Magna.
“As advancements in autonomy continue, we saw an opportunity to bring in additional expertise to support current programs as well as future customer needs. We are happy to welcome the Optimus Ride employees to the Magna family,” added O’Hara
Below is a snapshot of ‘The List’ from last Friday’s close. For a sortable version of ‘The List’ please click on The List menu item.
‘The List’ is not meant to be a template for investors to copy exactly. Rather, its purpose is to provide investment ideas and a real-time illustration of dividend growth investing in action. It is not a ‘Buy List’, only a starting point for our analysis and discussion.
The List (2022)
Last updated by BM on January 14, 2022
*Note: The following graph is wide, you can scroll to the right on your device to see more of the data.
| SYMBOL | COMPANY | YLD | PRICE | YTD % | DIV | YTD % | STREAK |
|---|---|---|---|---|---|---|---|
| AQN-N | Algonquin Power & Utilities | 4.9% | $13.84 | -3.6% | $0.68 | 2.3% | 11 |
| ATD-T | Alimentation Couche-Tard Inc. | 0.9% | $51.38 | -1.4% | $0.44 | 18.1% | 12 |
| BCE-T | Bell Canada | 5.3% | $66.45 | 0.8% | $3.50 | 1.2% | 13 |
| BIP-N | Brookfield Infrastructure Partners | 3.4% | $59.57 | -2.5% | $2.04 | 0.0% | 14 |
| CCL-B-T | CCL Industries | 1.3% | $67.01 | -1.2% | $0.84 | 0.0% | 20 |
| CNR-T | Canadian National Railway | 1.6% | $154.97 | 0.1% | $2.46 | 0.0% | 26 |
| CTC-A-T | Canadian Tire | 2.8% | $184.49 | 0.7% | $5.20 | 10.6% | 11 |
| CU-T | Canadian Utilities Limited | 4.9% | $35.55 | -2.9% | $1.76 | 0.0% | 50 |
| DOL-T | Dollarama Inc. | 0.3% | $63.00 | -0.6% | $0.20 | 1.7% | 11 |
| EMA-T | Emera | 4.4% | $60.28 | -3.7% | $2.65 | 2.9% | 15 |
| ENB-T | Enbridge Inc. | 6.6% | $52.30 | 5.6% | $3.44 | 3.0% | 26 |
| ENGH-T | Enghouse Systems Limited | 1.4% | $46.34 | 1.0% | $0.64 | 4.1% | 15 |
| FNV-N | Franco Nevada | 0.9% | $130.04 | -4.5% | $1.20 | 3.4% | 14 |
| FTS-T | Fortis | 3.6% | $58.88 | -2.6% | $2.14 | 4.4% | 48 |
| IFC-T | Intact Financial | 2.3% | $160.59 | -1.9% | $3.64 | 7.1% | 17 |
| L-T | Loblaws | 1.5% | $99.20 | -3.4% | $1.46 | 6.6% | 10 |
| MGA-N | Magna | 1.9% | $89.03 | 9.1% | $1.72 | 0.0% | 12 |
| MRU-T | Metro | 1.5% | $66.77 | -0.4% | $1.00 | 0.0% | 27 |
| RY-T | Royal Bank of Canada | 3.3% | $147.29 | 7.6% | $4.80 | 11.1% | 11 |
| SJ-T | Stella-Jones Inc. | 1.8% | $40.80 | 0.3% | $0.72 | 0.0% | 17 |
| STN-T | Stantec Inc. | 1.0% | $67.62 | -3.7% | $0.66 | 0.0% | 10 |
| TD-T | TD Bank | 3.5% | $102.46 | 3.1% | $3.56 | 12.7% | 11 |
| TFII-T | TFI International | 1.1% | $121.20 | -13.5% | $1.36 | 17.4% | 11 |
| TIH-T | Toromont Industries | 1.3% | $106.02 | -6.7% | $1.40 | 6.1% | 32 |
| TRP-T | TC Energy Corp. | 5.5% | $62.80 | 5.1% | $3.48 | 1.8% | 21 |
| T-T | Telus | 4.4% | $29.82 | 0.2% | $1.31 | 4.4% | 18 |
| WCN-N | Waste Connections | 0.7% | $125.62 | -6.3% | $0.92 | 8.9% | 12 |
| Averages | 2.7% | -0.9% | 4.7% | 18 |
