Investment Q&A

Q: Just finished reading Peters article in the latest edition of Canadian Money about High yield dividend payers. Question about payout ratios. Its confusing.
Example; In Morningstar for 2018 the payout ratio was quoted at 134%(unsustainable)
Using operating cash flow the calculation is 230M/388M = 60%(sustainable)
Using free cash flow the calculation is 230M/322M= 71%(probably sustainable)
Peter you have said the calculations should use either free or operating cash flow for the calculations of payout ratio.
I contacted Morningstar asking about their calculation and they said they use what the company sends them.
So which is right when trying to figure out whether the payout ratio is too high?
There are multiple other examples, Enbridge to name one.
Stated payout ratio 282%, operating. cash flow calc, 3844/10502=37%
Free cash flow 3844/3156 = 121%. Quite a variance. I'm confused.
WHICH CALCULATION IS THE BEST ONE TO USE TO HELP DETERMINE SUSTAINABILITY?

Q: I want to add some pipeline stocks to my portfolio. I have TRP in sufficient quantity. Can you please comment on IPL and PPL. Do you have a material preference of one over the other?

Q: Hi 5i, Your thoughts please on GEI's quarter. I am looking to bring a 3% position to 5%. Would you add to GEI or buy a ENB, IPL or PPL instead as I don't own any of those.

Q: Is ZWU a relatively safe place to park money while waiting for new opportunities? What makes it go up and what are the risks? Thanks.

Q: Do you have projections for the next quarters results?

Thanks

Q: Hi i sold my position in this company due to a ethical issues I had with one of their facilities.
It was in my tsfas
I would like replace it with a good quality dividend payer with some growth potential
Any thoughts
Thank you
Stan

Q: Hi, please comment on earnings. Thanks

Q: Your thoughts on yesterday's results, please

Q: May I have your analysis of yesterday's results please.

Q: I know this company is one of your favourites,but it just keeps going down,also plc why the big drop today.
Thanks
Peter

Q: Could please comment on today's large stock movement in Vet and do still think Div is still a buy after todays move. I like there movement into the nursing care area and dividend increase. Their dividend is over 7% before their dividend increase.
mike

Q: Hi from the West coast.
My question is what are your recommendations for a company that is increasing revenues, showing a good history of dividend increases, and is a "value" play ?
Im concerned about buying now with evaluations so high.
Thanks Rick

Q: please name your top 5 companies for dividend growth over the last 5 years thanks Richard

Q: How were today’s earnings.
Sitting on profits.
Do I sell or hold?
Thank you!
Nick

Q: how would you rate aqn.to

Q: Could you comment on their acquisition and their payout ratio etc.

Q: I'm looking at the dividend return on the food royalty companies, which look very attractive. I don't own anything in this area. Is there an ETF that holds a bundle of these companies? If so, is that a good way to get in? Or rather, buy one or more companies. If so, which ones. Thanks!

Q: Good day your thoughts on TRTN:US

Q: Could you please comment on earnings for SU and MX (another miss as usual)? Would you consider adding to either on the dip? As you can tell I am getting irritated with MX always missing.

Q: Comments on their q results? Also what is their dividend payout ratio at present?