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Ben Yakov
Dividends Show Differences Between Financials [view article]
To Lesers' on the money comment I would add the following factual information-Since 1927, dividends have
contributed over 44% of the total
return of the S&P 500 Index,
with pure capital appreciation
accounting for less than one
third of total return and if those same dividend
payments had been reinvested, dividends would
account for over two
thirds of total return over the
same time frame.
On Aug 31 04:11 PM Leser wrote:
> I agree with jimsep and Menachem Ben Yakov.
> When purchasing a stock, look for the reasonable payout of -- what
> 25% or 50%, ballpark figure -- profits to the stockholder in the
> form of dividends (not so much buybacks, which I suspect may be to
> makeup for all the stock thrown at the executives of the company
> to cover their raiding the profit cookie jar.)
> It's old fashioned fiscal responsibility at running the business
> the company says it's in. Buying other companies should be judiciously
> done, not in a greedy way to spend the shareholders' money, as if
> the shareholder doesn't know what to do with it. He or she should
> use the dividends to buy more of the same stock. If the company is
> that good, the shareholder probably would.
> Of course, companies with high dividends and high debt--well the
> debt washes out the benefit of the current dividend, I would say.
>
> Yes, if we went back to the traditional high dividends--even after
> a 15 (or 20% taxation in the future?), it would be one way to know
> the executives of the company are really working for us. What a
> novel thought.
> Dividends, dividends, dividends. The proof is in the pudding.<br/>
> Reply
11 Top Canadian Dividend Stocks Available as ADRs [view article]
Just to clarify something about Canadian energy trusts. They were not created by establishing a tax loophole. The Canadian Govt made a decision to further encourage exploration and development of oil, nat gas, and coal properties that the oil majors were not interested in developing (due to poor economics). This was a wise decision which the current Ottawa Govt has completely forgotten as Canadian reserves have grown over 100% since CANROYs were established. Besides this fact would anyone claim that US REITs were established out of a tax loophole? Don't think so. Loophole is a bogus word in this context. ReplyDividends Show Differences Between Financials [view article]
I agree with jimsep and Menachem Ben Yakov.When purchasing a stock, look for the reasonable payout of -- what 25% or 50%, ballpark figure -- profits to the stockholder in the form of dividends (not so much buybacks, which I suspect may be to makeup for all the stock thrown at the executives of the company to cover their raiding the profit cookie jar.)
It's old fashioned fiscal responsibility at running the business the company says it's in. Buying other companies should be judiciously done, not in a greedy way to spend the shareholders' money, as if the shareholder doesn't know what to do with it. He or she should use the dividends to buy more of the same stock. If the company is that good, the shareholder probably would.
Of course, companies with high dividends and high debt--well the debt washes out the benefit of the current dividend, I would say.
Yes, if we went back to the traditional high dividends--even after a 15 (or 20% taxation in the future?), it would be one way to know the executives of the company are really working for us. What a novel thought.
Dividends, dividends, dividends. The proof is in the pudding.
Reply
11 Top Canadian Dividend Stocks Available as ADRs [view article]
and funds Al Quieda, Hamas and Hezbollah. Reply11 Top Canadian Dividend Stocks Available as ADRs [view article]
To expand on the previous comments about US investments in Canada.Canada is the largest provider of oil to the USA. $150 billion dollars is spent by the USA for Canadian oil. Unlike money spent for Middle East oil which moves one way, the Canada is the largest buyer for US exports ($215 billion according to cia.gov). There is a circuluation of money between the USA and Canada, unlike the money spent for Middel East oil which never returns to the USA and is spent on royal palaces, indoor ski hills and underwater hotels. Reply
11 Top Canadian Dividend Stocks Available as ADRs [view article]
najdorf, very true. There is much to like about Canada, but too much of their otherwise healthy economy remains dependent on the US. Most notable, and worrisome, is the extent to which Ontario and Quebec depend on US automobile manufacturers. The agricultural and materials activities in the west offer far more favourable prospects. Regardless of whether there is a population boom (due to continued arctic warming and/or migration out of the sinking US), these activities will continue to generate demand for transportation of both equipment and supplies and output product. A population boom would only serve to increase demand for transportation of consumer goods, since few are manufactured there. All of this is great news for CNI, by far the best company in your list despite its modest dividend. The others are either banks or oil/mining concerns; CNI will continue to benefit from the boom, and when the inevitable bust comes it will still have an excellent business of lasting value. Picks and shovels... Reply11 Top Canadian Dividend Stocks Available as ADRs [view article]
najdorf,I agree 100%. In addition, when dealing within the energy /resources sector, things like "nationalization&... whether covert (Putin), or open (Chavez) are MUCH less likely.
Reply
11 Top Canadian Dividend Stocks Available as ADRs [view article]
hwood: Your list is reasonable from MO onwards. Those are all fairly safe stocks that are unlikely to cut dividends or inflict significant loss of capital on shareholders. But are you really comfortable when you look at the BAC balance sheet or the PFE pipeline?Also, there's a difference between Canada and countries like BRIC. Canada is like USA North: our economies are intertwined, language and culture are the same (excepting Quebec and Tim Horton's vs. Dunkin Donuts), trade is almost entirely free, governments fairly similar, etc. If anything, I would say Canada is safer than the US and potentially higher-growth - if anything further goes wrong in the US, a lot of people will be thinking about moving to Canada, doing more business in the north, or leaning more heavily on them for the resources we need. The only thing Canada needs to be the next hot country is a little bit of global warming. If every place was 10 degrees hotter, British Colombia or New Brunswick would look a lot more appealing relative to Arizona and Florida. Reply
11 Top Canadian Dividend Stocks Available as ADRs [view article]
check out FRO.check div. history.i have no connection to firm or wall st. just a happy share holder. Reply11 Top Canadian Dividend Stocks Available as ADRs [view article]
hwood007,Anything can happen and does happen with US firms as well.
Remember: Enron, Worldcom, Imclone, Adelphia, Bear Stearns ...... etc.
Reply
11 Top Canadian Dividend Stocks Available as ADRs [view article]
unbelievable that the author is not aware of the difference between an ADR and an interlisted stock. Reply11 Top Canadian Dividend Stocks Available as ADRs [view article]
I am not fond non US firms, anything can and does happen. You could buy some real dividends here in the US.BAC @ 9.5%; CNB @ 8.5%; PFE @ 6.5%; MO @ 5.5% GE @ 4.4%; D @ 3.6%; and KO @ 2.8%.
I know, two are banks, but when CNB hit $3.50: I pulled the trigger. If you can not find something to buy now, you must be waiting for a new high. Reply
11 Top Canadian Dividend Stocks Available as ADRs [view article]
Canadian stocks trade on US markets directly, not as ADRs. The Bank of New York Mellon ADR website lists no Canadian ADRs. Reply11 Top Canadian Dividend Stocks Available as ADRs [view article]
CNQ is probably the best oil sands play. But what is it doing on a dividend aristocrats list with a yield of 0.44% Reply11 Top Canadian Dividend Stocks Available as ADRs [view article]
I own CNQ, but at a .44% dividend, I'd hardly classify it as "high yield". Yes, it has raised it's dividend for 7 years, but from a very small base...it has a long way to go until "high yield" territory. Reply