The creator sold Telus in December due to a dividend growth freeze, despite the company's plan to stop issuing shares by 2027 and focus on free cash flow growth.
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7 companies issuing shares (are they in trouble?)
Dividend GuyMar 15, 2026
The creator discusses seven companies that have issued new shares, analyzing whether this indicates financial trouble or strategic growth. He contrasts share issuance with buybacks, emphasizing that the reason behind share issuance and its sustainability are key factors in evaluating a company's performance, not just the act itself. The analysis includes total returns, dividend history, and future outlook for each company.
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Emera issued over 18% of outstanding shares in five years with a 63% total return, and is considered stable but capital-intensive, using a mix of share and debt issuance.
Terravest Industries has shown exceptional total returns (900%) over 5 years despite issuing 15.5% more shares, but is highly volatile and requires careful monitoring.
Fortis is held in the portfolio for its stability, consistent dividend increases (over 50 years), and low-maintenance nature, despite moderate total returns.
The creator sold Enbridge shares in early 2022 due to concerns about increasing debt and share issuance, despite the stock's recent strong performance.
Canadian National Railway is mentioned as an example of a company that did not necessarily generate good results from its share buyback program due to a lack of a complete plan.
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