Norman Rothery: Portfolios for dividend and value investors to watch

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Norman Rothery: Portfolios for dividend and value investors to watch
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A look at stocks to target

Notes: Data from Bloomberg as of the close of Feb. 21, 2023. Norm has an interest in some of the stocks shown. Yield=indicated dividend yield, Volatility=annualized volatility over the past 260 days, P/E=price to earnings over the past four quarters, six month return=total return over the past six months including reinvested dividends, EV=enterprise value, EBIT=earnings before interest and taxes over the past four quarters, Market Cap=market capitalization in millions of dollars.

Watch your step with stocks that trade infrequently, and those with very low share prices, because they may be difficult to buy or sell in a cost-effective manner. Before dashing off to the market, recognize the built-in limitations of quantitative methods such as ours. For instance, less tangible factors such as the quality of a company’s management can sometimes help – or hinder – a business.

And while we hope our portfolios achieve similar returns to those in the back-tests, the market isn’t that predictable. Even in the best circumstances, we expect results to be bumpy and some individual stocks will disappoint. We would be pleased indeed for the portfolios to outperform the market over the course of a few decades.Be smart with your money. Get the latest investing insights delivered right to your inbox three times a week, with the Globe Investor newsletter.

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