Comments on: Dividend Achievers List – Best Canadian Dividend Stocks http://www.milliondollarjourney.com/dividend-achievers-list-part-1-the-canadian-list.htm Building Wealth through Saving and Investing Wed, 17 Mar 2010 22:56:48 -0400 http://wordpress.org/?v=abc hourly 1 By: Carnival of Personal Finance – Support Haiti Edition | Finance Blog http://www.milliondollarjourney.com/dividend-achievers-list-part-1-the-canadian-list.htm/comment-page-2#comment-109695 Carnival of Personal Finance – Support Haiti Edition | Finance Blog Mon, 18 Jan 2010 10:50:00 +0000 http://www.milliondollarjourney.com/dividend-achievers-list-part-1-the-canadian-list.htm#comment-109695 [...] Investing and Finance After saving your money, what are you going to do with it?   One option is to invest it!  If you are a passive investor, here is a simple low cost ETF portfolio.  Like to invest for income?  Here are some Canadian dividend stocks. [...]

[...] Investing and Finance After saving your money, what are you going to do with it?   One option is to invest it!  If you are a passive investor, here is a simple low cost ETF portfolio.  Like to invest for income?  Here are some Canadian dividend stocks. [...]

]]> By: My Financial Goals for 2010 | Finance Blog http://www.milliondollarjourney.com/dividend-achievers-list-part-1-the-canadian-list.htm/comment-page-2#comment-109531 My Financial Goals for 2010 | Finance Blog Wed, 13 Jan 2010 13:46:37 +0000 http://www.milliondollarjourney.com/dividend-achievers-list-part-1-the-canadian-list.htm#comment-109531 [...] passive income has taken a major hit.  The only remaining source of passive income is via Canadian dividend stocks in my leveraged portfolio.  If stocks become attractively priced in 2010, I will become more [...]

[...] passive income has taken a major hit.  The only remaining source of passive income is via Canadian dividend stocks in my leveraged portfolio.  If stocks become attractively priced in 2010, I will become more [...]

]]> By: Investing Stratetgy: When to Buy Dividend Stocks | Million Dollar Journey http://www.milliondollarjourney.com/dividend-achievers-list-part-1-the-canadian-list.htm/comment-page-2#comment-107333 Investing Stratetgy: When to Buy Dividend Stocks | Million Dollar Journey Wed, 18 Nov 2009 10:30:12 +0000 http://www.milliondollarjourney.com/dividend-achievers-list-part-1-the-canadian-list.htm#comment-107333 [...] Pick your stocks. Find strong dividend stocks with a history of increasing their dividends over the long term.  A great place to start is the dividend achievers list. [...]

[...] Pick your stocks. Find strong dividend stocks with a history of increasing their dividends over the long term.  A great place to start is the dividend achievers list. [...]

]]> By: Canada Deals http://www.milliondollarjourney.com/dividend-achievers-list-part-1-the-canadian-list.htm/comment-page-2#comment-105730 Canada Deals Sun, 04 Oct 2009 04:02:57 +0000 http://www.milliondollarjourney.com/dividend-achievers-list-part-1-the-canadian-list.htm#comment-105730 Thanks @Chris, I looking into Canadian energy trusts after you mentioned it above. More info http://www.canadianenergytrusts.ca/. Thanks @Chris, I looking into Canadian energy trusts after you mentioned it above. More info http://www.canadianenergytrusts.ca/.

]]> By: Eva -Novice http://www.milliondollarjourney.com/dividend-achievers-list-part-1-the-canadian-list.htm/comment-page-2#comment-94540 Eva -Novice Wed, 29 Jul 2009 15:22:36 +0000 http://www.milliondollarjourney.com/dividend-achievers-list-part-1-the-canadian-list.htm#comment-94540 it would be nice if everybody reffering to some stock would list the stock TSX symbol. Thanks Eva-Novice it would be nice if everybody reffering to some stock would list the stock TSX symbol.
Thanks
Eva-Novice

]]> By: Chinstrap http://www.milliondollarjourney.com/dividend-achievers-list-part-1-the-canadian-list.htm/comment-page-2#comment-94483 Chinstrap Wed, 29 Jul 2009 12:39:44 +0000 http://www.milliondollarjourney.com/dividend-achievers-list-part-1-the-canadian-list.htm#comment-94483 I like Calloway REIT better than Riocan. Riocan just disappointed on Q1 FFO numbers.. If it comes back enough it might be a buy. It's just toobig IMO and lower yielding. Calloway is similar but smaller and its assets are anchored 75% by Walmarts and Canadian Tire under LT leases: solid. I started buying at $10 with a 15.5% yield. Now it's at $14 yielding 11%... For a riskier play I also own Chartwell Retirement Res. REIT. Started buing at $4.50 with a 16% yield. now at 5.70 and yielding 12.6%.. still pretty good. but risk on debt refinancing but not until next year.. I like Calloway REIT better than Riocan. Riocan just disappointed on Q1 FFO numbers.. If it comes back enough it might be a buy. It’s just toobig IMO and lower yielding. Calloway is similar but smaller and its assets are anchored 75% by Walmarts and Canadian Tire under LT leases: solid. I started buying at $10 with a 15.5% yield. Now it’s at $14 yielding 11%…

For a riskier play I also own Chartwell Retirement Res. REIT. Started buing at $4.50 with a 16% yield. now at 5.70 and yielding 12.6%.. still pretty good. but risk on debt refinancing but not until next year..

]]> By: Chris http://www.milliondollarjourney.com/dividend-achievers-list-part-1-the-canadian-list.htm/comment-page-2#comment-94311 Chris Tue, 28 Jul 2009 20:23:52 +0000 http://www.milliondollarjourney.com/dividend-achievers-list-part-1-the-canadian-list.htm#comment-94311 My favourite high-yielding Canadian trust units right now are REI.UN and PWT.UN. I see a good amount of discussion of REITs here but how do people about energy trusts? My favourite high-yielding Canadian trust units right now are REI.UN and PWT.UN. I see a good amount of discussion of REITs here but how do people about energy trusts?

]]> By: Eva-Novice http://www.milliondollarjourney.com/dividend-achievers-list-part-1-the-canadian-list.htm/comment-page-2#comment-93759 Eva-Novice Fri, 24 Jul 2009 21:36:06 +0000 http://www.milliondollarjourney.com/dividend-achievers-list-part-1-the-canadian-list.htm#comment-93759 Bell Aliant Regional Comm. Income Fund BA.UN.TO does somebody know if this is some close funds etc? is it good idea to buy it? thank you Eva-and still Novice Bell Aliant Regional Comm. Income Fund BA.UN.TO does somebody know if this is some close funds etc? is it good idea to buy it?
thank you
Eva-and still Novice

]]> By: Case Study: 60 Years Old, Lots of Cash, No Portfolio - The Portfolio | Million Dollar Journey http://www.milliondollarjourney.com/dividend-achievers-list-part-1-the-canadian-list.htm/comment-page-2#comment-83458 Case Study: 60 Years Old, Lots of Cash, No Portfolio - The Portfolio | Million Dollar Journey Thu, 21 May 2009 10:31:22 +0000 http://www.milliondollarjourney.com/dividend-achievers-list-part-1-the-canadian-list.htm#comment-83458 [...] is a combination of capital protection and income generation, I would invest the equity portion in high quality dividend paying blue chip equities, high quality preferred shares and perhaps some exposure to international indices/dividends for [...]

[...] is a combination of capital protection and income generation, I would invest the equity portion in high quality dividend paying blue chip equities, high quality preferred shares and perhaps some exposure to international indices/dividends for [...]

]]> By: Newbie Investor http://www.milliondollarjourney.com/dividend-achievers-list-part-1-the-canadian-list.htm/comment-page-2#comment-82719 Newbie Investor Fri, 15 May 2009 18:20:13 +0000 http://www.milliondollarjourney.com/dividend-achievers-list-part-1-the-canadian-list.htm#comment-82719 Similar to Foster Advocate, looking to execute DRIPs and SPPs. Which institution should be used for accomplishing this goal. Presently have a BMO InvestorLine account. Don't think this can be done there or should be due to the brokerage fees Similar to Foster Advocate, looking to execute DRIPs and SPPs. Which institution should be used for accomplishing this goal. Presently have a BMO InvestorLine account. Don’t think this can be done there or should be due to the brokerage fees

]]> By: Investment Strategies II - Active Investing | Million Dollar Journey http://www.milliondollarjourney.com/dividend-achievers-list-part-1-the-canadian-list.htm/comment-page-2#comment-82244 Investment Strategies II - Active Investing | Million Dollar Journey Tue, 12 May 2009 10:31:57 +0000 http://www.milliondollarjourney.com/dividend-achievers-list-part-1-the-canadian-list.htm#comment-82244 [...] that I use for my leveraged portfolio where I pick my own dividend paying equities.  As the dividend achievers list is based on this strategy, you can simply purchase an ETF, like CDZ (CAD) or VIG (USD), that serves [...]

[...] that I use for my leveraged portfolio where I pick my own dividend paying equities.  As the dividend achievers list is based on this strategy, you can simply purchase an ETF, like CDZ (CAD) or VIG (USD), that serves [...]

]]> By: Canadian Finance http://www.milliondollarjourney.com/dividend-achievers-list-part-1-the-canadian-list.htm/comment-page-2#comment-79212 Canadian Finance Fri, 24 Apr 2009 06:25:22 +0000 http://www.milliondollarjourney.com/dividend-achievers-list-part-1-the-canadian-list.htm#comment-79212 DRIPtileyeDROP, I don't think he's doing too well. Canadian Capitalist wrote about this recently... http://www.canadiancapitalist.com/what-went-wrong-with-the-derek-foster-strategy/ DRIPtileyeDROP,

I don’t think he’s doing too well. Canadian Capitalist wrote about this recently…

http://www.canadiancapitalist.com/what-went-wrong-with-the-derek-foster-strategy/

]]> By: Dividend Payout Timing for the Monthly Cashflow | Million Dollar Journey http://www.milliondollarjourney.com/dividend-achievers-list-part-1-the-canadian-list.htm/comment-page-2#comment-79039 Dividend Payout Timing for the Monthly Cashflow | Million Dollar Journey Thu, 23 Apr 2009 10:30:19 +0000 http://www.milliondollarjourney.com/dividend-achievers-list-part-1-the-canadian-list.htm#comment-79039 [...] some of the companies from the dividends achievers list and their associated dividend payout [...]

[...] some of the companies from the dividends achievers list and their associated dividend payout [...]

]]> By: DRIPtileyeDROP http://www.milliondollarjourney.com/dividend-achievers-list-part-1-the-canadian-list.htm/comment-page-2#comment-73163 DRIPtileyeDROP Wed, 11 Mar 2009 17:15:32 +0000 http://www.milliondollarjourney.com/dividend-achievers-list-part-1-the-canadian-list.htm#comment-73163 I, too, follow the Foster regime, however, I wonder how he is holding up presently. Some of the transactions he put in place in his most recent book (e.g. BAC put options) have not faired well. I am assuming he takes it all in stride. The important thing with DRIP and SPP is to keep meticulous records. I have been doing this, intermittently, for nearly twenty years and when you wish to sell some of these positions you will be glad that you kept meticulous records. Also, if you do not understand Trust Unit organization do not invest in them. 2011 is sooner than you think and, although I am cautiously hopeful that this investment vehicle will not portend disaster for its holders, I would prefer to be invested in going-concern corporations. I will allow that REIT's will be untouched by the new legislation. DRIPtileyeDROP. I, too, follow the Foster regime, however, I wonder how he is holding up presently. Some of the transactions he put in place in his most recent book (e.g. BAC put options) have not faired well. I am assuming he takes it all in stride.

The important thing with DRIP and SPP is to keep meticulous records. I have been doing this, intermittently, for nearly twenty years and when you wish to sell some of these positions you will be glad that you kept meticulous records.

Also, if you do not understand Trust Unit organization do not invest in them. 2011 is sooner than you think and, although I am cautiously hopeful that this investment vehicle will not portend disaster for its holders, I would prefer to be invested in going-concern corporations. I will allow that REIT’s will be untouched by the new legislation.

DRIPtileyeDROP.

]]> By: Maverick http://www.milliondollarjourney.com/dividend-achievers-list-part-1-the-canadian-list.htm/comment-page-2#comment-68016 Maverick Sat, 24 Jan 2009 03:05:25 +0000 http://www.milliondollarjourney.com/dividend-achievers-list-part-1-the-canadian-list.htm#comment-68016 Hi Foster Advocate try www.shareowner.com. free dividend reinvestment up to 0.0001 of a share. good luck Hi

Foster Advocate try http://www.shareowner.com. free dividend reinvestment up to 0.0001 of a share.

good luck

]]> By: Important Dividend Dates - Ex and Cum Dividend | Million Dollar Journey http://www.milliondollarjourney.com/dividend-achievers-list-part-1-the-canadian-list.htm/comment-page-2#comment-67914 Important Dividend Dates - Ex and Cum Dividend | Million Dollar Journey Thu, 22 Jan 2009 12:37:36 +0000 http://www.milliondollarjourney.com/dividend-achievers-list-part-1-the-canadian-list.htm#comment-67914 [...] Dividend paying companies typically distribute their payments to investors on a quarterly basis.  When they declare their dividend, they typically state a date of record.  That is, the date in which the investors who own the stock on the record date will receive the distribution. [...]

[...] Dividend paying companies typically distribute their payments to investors on a quarterly basis.  When they declare their dividend, they typically state a date of record.  That is, the date in which the investors who own the stock on the record date will receive the distribution. [...]

]]> By: Tax Free Savings Account (TFSA): The Details and Strategies | Million Dollar Journey http://www.milliondollarjourney.com/dividend-achievers-list-part-1-the-canadian-list.htm/comment-page-2#comment-66002 Tax Free Savings Account (TFSA): The Details and Strategies | Million Dollar Journey Fri, 02 Jan 2009 22:19:02 +0000 http://www.milliondollarjourney.com/dividend-achievers-list-part-1-the-canadian-list.htm#comment-66002 [...] in strong foreign dividend companies and withdraw the dividends TAX FREE. Right now, if you receive foreign dividends, they are taxed at [...]

[...] in strong foreign dividend companies and withdraw the dividends TAX FREE. Right now, if you receive foreign dividends, they are taxed at [...]

]]> By: Top 4 Tax Free Savings Account Strategies | Million Dollar Journey http://www.milliondollarjourney.com/dividend-achievers-list-part-1-the-canadian-list.htm/comment-page-2#comment-65999 Top 4 Tax Free Savings Account Strategies | Million Dollar Journey Fri, 02 Jan 2009 22:08:07 +0000 http://www.milliondollarjourney.com/dividend-achievers-list-part-1-the-canadian-list.htm#comment-65999 [...] am a big fan of passive income which is evident in my dividend investing endeavors.  One idea that I have for a tax free investment account is to invest for income.  The [...]

[...] am a big fan of passive income which is evident in my dividend investing endeavors.  One idea that I have for a tax free investment account is to invest for income.  The [...]

]]> By: Foster Advocate http://www.milliondollarjourney.com/dividend-achievers-list-part-1-the-canadian-list.htm/comment-page-2#comment-65808 Foster Advocate Wed, 31 Dec 2008 15:31:56 +0000 http://www.milliondollarjourney.com/dividend-achievers-list-part-1-the-canadian-list.htm#comment-65808 Hey Foster Follower and Others, I too, want to follow Foster's lead. To you and others in this blog, some questions for you: 1) What financial institution do you suggest I go with to start purchasing my Canadian dividend-paying stocks that have DRIPs and SPPs? I have a TD Waterhouse CDN WebBroker account - should I use that? Will that account allow me to use DRIPs and SPPs? My Plan: I am considering making my first dividend purchase with Enbridge, BMO, Royal Bank or Fortis. I currently have $20K+ in RRSPs and wish to continue those contributions to reduce my taxable income. However, the tax refunds I get, I plan on using to buy dividend-paying stocks in my non-RRSP WebBroker account. Slowly, I will transition away from RRSP contributions and into dividend-paying stocks. My goal (also) is a dividend-paying stock portfolio that will yield an annual income of >$30,000 when I am 55. I am 35 now. Thanks everyone for your input in advance!!!!!!! Hey Foster Follower and Others,

I too, want to follow Foster’s lead.

To you and others in this blog, some questions for you:

1) What financial institution do you suggest I go with to start purchasing my Canadian dividend-paying stocks that have DRIPs and SPPs? I have a TD Waterhouse CDN WebBroker account – should I use that? Will that account allow me to use DRIPs and SPPs?

My Plan:

I am considering making my first dividend purchase with Enbridge, BMO, Royal Bank or Fortis.

I currently have $20K+ in RRSPs and wish to continue those contributions to reduce my taxable income. However, the tax refunds I get, I plan on using to buy dividend-paying stocks in my non-RRSP WebBroker account.
Slowly, I will transition away from RRSP contributions and into dividend-paying stocks.

My goal (also) is a dividend-paying stock portfolio that will yield an annual income of >$30,000 when I am 55. I am 35 now.

Thanks everyone for your input in advance!!!!!!!

]]> By: Foster Follower http://www.milliondollarjourney.com/dividend-achievers-list-part-1-the-canadian-list.htm/comment-page-2#comment-65386 Foster Follower Wed, 24 Dec 2008 21:18:22 +0000 http://www.milliondollarjourney.com/dividend-achievers-list-part-1-the-canadian-list.htm#comment-65386 Following Derek Fosters approach, I invest only in companies with a long, long history of paying and regularly increasing dividends. Unless the company is newly created, a five or even ten year history of paying an increasing dividends is, in my opinion, not a very long record. The longer the better as my interest is in building a portfolio that will equire little to none of my time to manage. That is, I do not wish to buy and sell stock, but instead, only buy and hold while collecting dividends. Also, I look for companies with DRIP and SPP in order to reinvest my dividends and buy addtional shares without paying broker fees which only serve to decrease value. And, I look to buy when prices are low .... usually once a yield is in the 4-5% range, I consider this a good buying opportunity. Usually, I never buy when yield is above 7% as this may indicate a problem with the ability of the company to continue paying dividends. Major banks, excluding National Bank of Canada, are the exception .... the banks are the economc foundation of this nation having paid dividends without interruption since before confederation in some cases. Even in these uncertain times, the banks will continue with dividends because it is in their and the country's best interest to do so ... cut or stop dividends and there would be a run on the banks, and a complete loss in confidence of Canada. Canada, unlike the US, has only 6 major lending institutions, and so, these will be protected no mattter what happens. So, I would buy bank stock at any yield, especially yields above 7%, because this is a bargain. Buy TD, CIBC, Nova Scotia, Royal ... regardlessof their respective exposure to the car makers & paryts suppliers, regardlessof their ecxposure to comercial & personal real estate markets, etc. ... they are good buys rights now ...but buy and hold ...do not buy with intention to sell sooner rather than much, much later ... buy and then forget about them unless it is to buy more. Never hold dividend paying stck in an RRSP because when withdrawn dividends are taxed as employmnt income, whereas ouside an RRSP the tax rate is much, much lower. The exception is foreign dividends which are always taxed the same as regular income, and therefore, it may be beneficial to keep foreign stock in RRSP account. Also, look for buying opportunitiesfor dividend stock .... put cash in your non-RRSP account and then wait for the right opportunity ... the right opportunity is when the price is down but the fundamentals are still good. Also, only buy into essentials such as banks, food suppliers, utilities / pipelines, etc. However, tryng to time the market is impossible so don't regret your decision if stock drops after you purchase .... remember that you are in this for the dividends and not the capital gains. Also, regarding dividends, stay away from companies with dividends of above 7% as tis indicates that company will likely soon suspend or cut dividends. If you instead buy into a company at good company that has a long, long history of paying dividends as well as increasing dividends over tie, then if you buy at a time when yield is 5%, then it won't be too many years bfore the yield is up to 10% or more. Currently, I hold stock in Enbridge, Algonquin Power, Bank of Nova Scotia, TransCanada Corp., Corby Distillery, Encana, National Bank and Fortis. In the new year, I plan to convert all my GICs to more Canadian dividend paying stock. My goal is a portfolio that will yield an annual income of $30,000 in dividends by the time I am 55..... I am 45 now ... at the current Canadian dividend tax rates, this would be the same as earning an employment income of $50,000 per annum. Combined with my employment pension of 10,000, and later Canada Pension, and I will be earning more in retirement than I do now as a work slave... as well, my expenses will be less leaving more disposable income for travel, art, courses, etc. ...the things in life that are more rewarding and fun. Derek Foster has it right .... dividends are the way to go ... that is, buy and hold stock in companies with a long,long history of paying and regularly increasing dividendsand that are also the makers /suppliers of essentials / staplesin ost everyone's homes ...food, cash, booze, oil, gas, etc.... all those things that we can't /won't do without no matter how tough times may get. Following Derek Fosters approach, I invest only in companies with a long, long history of paying and regularly increasing dividends. Unless the company is newly created, a five or even ten year history of paying an increasing dividends is, in my opinion, not a very long record. The longer the better as my interest is in building a portfolio that will equire little to none of my time to manage. That is, I do not wish to buy and sell stock, but instead, only buy and hold while collecting dividends. Also, I look for companies with DRIP and SPP in order to reinvest my dividends and buy addtional shares without paying broker fees which only serve to decrease value. And, I look to buy when prices are low …. usually once a yield is in the 4-5% range, I consider this a good buying opportunity. Usually, I never buy when yield is above 7% as this may indicate a problem with the ability of the company to continue paying dividends. Major banks, excluding National Bank of Canada, are the exception …. the banks are the economc foundation of this nation having paid dividends without interruption since before confederation in some cases. Even in these uncertain times, the banks will continue with dividends because it is in their and the country’s best interest to do so … cut or stop dividends and there would be a run on the banks, and a complete loss in confidence of Canada. Canada, unlike the US, has only 6 major lending institutions, and so, these will be protected no mattter what happens. So, I would buy bank stock at any yield, especially yields above 7%, because this is a bargain. Buy TD, CIBC, Nova Scotia, Royal … regardlessof their respective exposure to the car makers & paryts suppliers, regardlessof their ecxposure to comercial & personal real estate markets, etc. … they are good buys rights now …but buy and hold …do not buy with intention to sell sooner rather than much, much later … buy and then forget about them unless it is to buy more.
Never hold dividend paying stck in an RRSP because when withdrawn dividends are taxed as employmnt income, whereas ouside an RRSP the tax rate is much, much lower. The exception is foreign dividends which are always taxed the same as regular income, and therefore, it may be beneficial to keep foreign stock in RRSP account.
Also, look for buying opportunitiesfor dividend stock …. put cash in your non-RRSP account and then wait for the right opportunity … the right opportunity is when the price is down but the fundamentals are still good. Also, only buy into essentials such as banks, food suppliers, utilities / pipelines, etc. However, tryng to time the market is impossible so don’t regret your decision if stock drops after you purchase …. remember that you are in this for the dividends and not the capital gains.
Also, regarding dividends, stay away from companies with dividends of above 7% as tis indicates that company will likely soon suspend or cut dividends. If you instead buy into a company at good company that has a long, long history of paying dividends as well as increasing dividends over tie, then if you buy at a time when yield is 5%, then it won’t be too many years bfore the yield is up to 10% or more.
Currently, I hold stock in Enbridge, Algonquin Power, Bank of Nova Scotia, TransCanada Corp., Corby Distillery, Encana, National Bank and Fortis. In the new year, I plan to convert all my GICs to more Canadian dividend paying stock. My goal is a portfolio that will yield an annual income of $30,000 in dividends by the time I am 55….. I am 45 now … at the current Canadian dividend tax rates, this would be the same as earning an employment income of $50,000 per annum. Combined with my employment pension of 10,000, and later Canada Pension, and I will be earning more in retirement than I do now as a work slave… as well, my expenses will be less leaving more disposable income for travel, art, courses, etc. …the things in life that are more rewarding and fun. Derek Foster has it right …. dividends are the way to go … that is, buy and hold stock in companies with a long,long history of paying and regularly increasing dividendsand that are also the makers /suppliers of essentials / staplesin ost everyone’s homes …food, cash, booze, oil, gas, etc…. all those things that we can’t /won’t do without no matter how tough times may get.

]]>