Post by
Galove on Jul 15, 2019 9:46am
Dividend depostited into 15 Jul - Where to reinvest?
Folks,
Per the subject line I received the dividend today. I was just wondering if anyone had any suggestions for reinvesting the proceeds once the deal is closed.
I keep looking at NXR.un, TNT.un and DIV as there are not many options left. I have large holding in AX.un, HR.un and PRV.un to name a few.
Thoughts or comments welcomed
Galove
Comment by
CanSiamCyp on Jul 15, 2019 10:11am
Could consider JE a similar energy retailer to Crius. Also a likely takeover target - so potential premium bonus. If in RRSP could consider HOT.UN which has been hammered but rebound anticipated. If in TFSA could consider CHE.UN. Just my humble suggestions. Which broker r u with? My BMO acct still not showing distribution for today!
Comment by
novascotian2014 on Jul 15, 2019 10:28am
BK Stock ..BRE Stock..GDV Stock ..i been Wondering where to put the Monies from KWH also..LOOKING for Monthly Dividends..
Comment by
StormyD on Jul 15, 2019 1:11pm
I bought some EIT.PR.B a while back when it was under $25 par. Thought it was a safer option - albeit at lower yield than EIT.UN. The prefs are retractible - meaning you the holder have the option to sell back to the issuer at $25 after the initial 6 year period. The beauty for both of these is that the income generated is primarily capital gain or return of capital - so taxed favourably!