Quarterly Reports in August, 2025

 

In Canada, the Liberals and Big Oil are planning ahead to ship more oil and natural gas to Asia and projects have been submitted to the Feds about connecting Western Canada pipelines to the East Coast to supply Europe. 

The pipeline ends in Quebec City and a connection to a New Brunswick existing natural gas pipeline would be a start but there's lots of red tape and environmental hurdles to overcome. 

Meanwhile and as the 2nd quarterly reports come in for my stocks, Enbridge, ENB.TO had a good report and mentions it's pipelines are shipping to capacity with contracts waiting from other companies. An excellent position to be in from my point of view with the oversupply.

ENB.TO is near it's previous 52 week high and has an ex-dividend date of August 15th with a current 5.92% yield. One of the more popular dividend paying companies by yield rank in the TSX 60.

Adding to Enbridge, I'll be buying more Fortis, FTS.TO, which also had a decent 2nd quarter report as expected, being spread across North America and beyond. The utility has a dividend yield of 3.63% currently with an ex-dividend date being August 19th, 2025. One of my original foundation stocks although trading close to 52 week highs as a cautionary note where it could pull back in price.

Browsing through the numbers in quarterly reports, I'm interested in forward guidance for the rest of 2025 and beyond, if it's provided. Fortis is in a good position to profit from data center power generation and is looking at the natural gas export sector in British Colombia. Billions on hand to further build their business. Then there's the power rate increases passed on to customers, depending on approval by regulation authorities. More money in their coffers after expenses with approved rate hikes.

The first LNG gas carrier, GasLog Glasgow departed the LNG terminal at Kitimat, Canada, on June 30, officially marking Canada’s entry into the export market. The LNG Canada project had been gearing up in recent weeks and began the first loading over the weekend, which opens a critical market for Asia to obtain LNG from Canada

I pick up the Canadian MoneySaver magazine when I browse through the local bookstores.

Inside the cover is the latest updates on their Canadian MneySaver Model ETF Portfolio. On that same page is the handy Dividend and Company News about dividend increases and the rare but unwanted dividend cuts such as the recent BCE.TO for example.

The model etf portfolio has 14 ETFs with many I see come up in articles and blogs. Combined the portfolio has a 149.95% increase since October, 2013 with a variety of index, tech, bond and covered call ETFs. 

Among those, I own ZWU, BMO Covered Call Utilities which holds Enbridge and Fortis in it's current top 5 holdings among US and Canadian stocks such as Verizon, VZ, I have been watching as an individual stock to buy. ZWU has a current 7.50% yield and adds monthly distributions to my portfolio. An alternative to buying the stocks with many at their yearly highs with buy low in mind when possible.

In the 2nd half of August, I'll be looking at Manulife Financial, MFC.TO and Great-West Lifeco, GWO.TO with a 1 year gain of 26% among other stocks and ETFs of interest.

 

All Time Highs in July 2025

 

Since April of this year, 2025 and looking at the my stock charts, many have had a steady climb in price and the TSX has reached all time highs. 

A common stock market quote: Last years highs are this years lows. Lows being a starting point for the year to hopefully track higher with stocks and indexes. The odd correction comes into it although with a shorter recovery time frame these past years, I find it a good time to buy at lower prices before they start moving up in price again after a correction.

July is a fairly quiet month for my Quarterly paying dividend stocks which are picked out of the top thirty by dividend yield in the TSX 60. Those stocks that have a dividend yield of 3% and up. The rankings change as stock price and dividend yield change opposite to each other. I want to see dividend growth as well every year. 

Both top 5 Canadian banks, Bank of Montreal, BMO.TO and Royal Bank of Canada, RY.TO have ex-dividend dates in the next couple of weeks. RY.TO is on the 24th of July with a 4.05% increase added in and BMO.TO is on July 30th with a 2.52% increase factored in. This is the 2nd increase for both of these banks in 2025.

Expensive stocks but the popular partial share buying makes it affordable to accumulate over time. I'll buy additional ZWB.TO as well to boost income on a monthly basis with that bank ETF.

Another ETF that holds those 2 banks in it's top 10 holdings is RCDC, the RBC Canadian Dividend Covered Call ETF I've mentioned in past posts and recently increased it's distribution with a yield of 6.81%.

With covered call ETFs, you risk additional growth compared to an ETF like XEI, iShares S&P/TSX High Dividend Composite Index with a Total Return of 21.59% for 1 year (Total Return includes the monthly distributions) compared to RCDC with a 1 year total return of 18.1% but not too shabby. Your also getting more Return of Capital with RCDC which limits price growth some.

I don't dwell on those stats much as long as the ETFs are performing as I expected and provide monthly income.

I look forward to August when I'll be looking over some of my top yielding stocks with further buying such as the pipeline, Enbridge, ENB.TO.

There are multiple ways to build a portfolio and opinions on how to do it are many but I find what I call my Modified Beat The TSX is the plan for me with tweaks and additions along the way. It keeps me interested and invested and always learning while repurchasing with dividends and ETF distributions until either satisfied with the monthly income coming in or just keep accumulating.

To read up more on how the Beat the TSX portfolio has performed over the years, a great post here by Dale on Cut The Crap Investing about Picking Up the Pace in 2025 

As I mentioned, I hold a modified version of the portfolio where I haven't owned AQN and sold BCE before the expected dividend cut. BCE.TO is back on my Watchlist to see if their finances improve going ahead adding subscribers and infrastructure in the US instead of paying down debt which many a BCE investor wanted see happen at the time instead of the US aquisition.