Along with the good results of this past Friday for the TSX, the Canadian Imperial Bank Of Commerce (CM) announced a great event that will take place later on, a stock split. Personally, I adore stock splits. Usually, following a stock split, the value of the stock inside my investment portfolio gains in value, which is always fun to watch. I am looking forward to the Canadian Imperial Bank Of Commerce (CM) proceeding with its split.
At $163.61 per share, CM stock is super expensive. Once CM split, I may invest again in a few shares. Currently, CM had an attractive dividend yield of 3.936%. Its dividend may increase once it's under the split - or not - but that's all depends on how much the Canadian Imperial Bank Of Commerce (CM) is looking to create and affect and drive the attention of investors straight into its shares.
CM is not the only bank to be in the inner circle world of stock splits. Back in 2014, Toronto-Dominion Bank (TD) proceed with a two-for-one stock split. Other stocks of mine went under a stock split operation. Back in 2011, it was Enbridge Inc. (ENB). The year 2013 had been quite a busy financial year for stock splits. Back in 2013, we had Canadian Utilities Ltd. (CU) that went under the knife for a 2-for-1 split. Always in 2013, Telus Corp (T), Canadian National Railway Co (CNR), and Andrew Peller Limited (ADW.A) all experimented with a beautiful split. And not to forget Stella Jones (SJ) - which I no longer hold. Open Text Corporation (OTEX) also went under a stock split back in 2017, under the ticket OTC.
While waiting for the Canadian Imperial Bank Of Commerce (CM) stock split to actually happen, I had been taking a look into my stuff. It seems to me that these days, LifeWorks Inc. (LWRK) is not really performing well. It started annoying me. I am tempted to sell, but I was looking for other stocks in the same sector, and I didn't find anything great enough to replace it. LifeWorks Inc. (LWRK) is not exactly a bad investment. I am never afraid to look into my portfolio and check out what can be improved.
With my annual dividend that is now exceeding the $10,900 mark, I only want to push up a bit of thing around and reach the annual $12,000. One stock that is going well for sure in both my RRSP and TFSA portfolio is Nutrien Ltd. (NTR). Inside my RRSP portfolio, NTR gained +18.75%. Inside my TFSA portfolio, NTR is on a solid gain of +64.24%.
During this past Friday session, Verde Agritech Plc Ordinary Shares (NPK) had gained +18.283%, and Nutrien Ltd. (NTR) +4%. Unfortunately, the war between Ukraine and Russia had positive effects on the Canadian potash stocks I read somewhere that Ukraine is an important producer of potash. NPK could be worth our attention.
Whats happening with the rent situation in New Brusnwick? I read Village Square Bake Shop is going to have to close down.. Rent it tripling... Crazy times...
ReplyDeleteNo more doughnuts :(:(:(
I saw that.
ReplyDeleteIn some areas of New Brunswick, rents are not cheap.
The north is a bit poorer so we are not much concerned - at least for now. But at a point, people won't be able to pay their rent. In my area, we already have 5 homes that had been abandoned for a little while. There's one home that I put the picture of on my blog a couple of months ago. That house is quite pretty, but it began to show signs of age.
People who cannot pay their taxes or maybe a mortgage, stuff like that. That specific house I am talking about, no one seems to be living in it, but the highway is always clean of snow, someone is taking care of it.
In New Brunswick, a lot of people already rely on food banks. At a point, inflation needs to be controlled. The federal government under Trudeau is not doing much like usualand is pretty good at letting things go.
Another recent sad story regarding rent increase in New Brunswick:
ReplyDeletehttps://www.cbc.ca/news/canada/new-brunswick/rent-control-nb-senior-bathurst-55-per-cent-rent-increase-1.6366425
Brutal. And it is not just New Brunswick. Seems just about everywhere rents are going up.
ReplyDeleteBut double is crazy..