RE:RE:RE:RE:RE:RE:RE:Fiddy Basis Point Interest Rate Hike Coming This WeekThe other thing to keep in mind is, if you are doing this outside of a registered account you will be expected to pay capital gains tax and as you buyback you are buying back higher and higher as the cycle continues. Not neccessarily a bad thing depending on your financial situation but it something to keep in mind and it has to be actively managed where as collecting a dividend requires less fuss once a year.
Go Enbridge! ;-)
FiddyFiddyOddzz wrote: QUIN - You're right, about two bucks if you subtract the 86 cents you woulda received had one held the stock. And as you said, that's only "IF" you managed to get back in fairly quickly and not wait for the "big drop" that never happened....
Quin wrote:"So that is a net of $2.77 CAD. Subtract the $.086 for the div payment anyway and that leaves $1.91 CAD. If you did rebuy then you made that much if you didn't you made less or missed out on the $3 shareprice gain and the next ex-div coming up. Like I said more than a couple missed out one of those being the 20k window man who is still waiting for the big drop that isn't coming.
Sarge might be right about electronic trading though. I suspect ENS split corp trades the div every quarter and that is partially how they fund their higher yield which is running around 9.5% now.
But ENS is no ENB and I have no idea how liquid it is when you want to sell it.
Not like ENB
Go Enbridge! ;-)"