TSX:EIT.PR.A - Post by User
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ChupacabraBuenoon Mar 11, 2014 5:14pm
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Post# 22310065
Dividend Math: What's easily overlooked re. 10% div payed by
Dividend Math: What's easily overlooked re. 10% div payed bya fund trading @ 20% discount is that it's the equivalent to an 8% div, if the fund were trading at par. - A much more sustainable level. For example, if you could buy TD bank @ a 20% discount (as you do when you buy this fund) then TD's 3.65% dividend is over 4.5% at the special low price you paid for TD. So the EIT.un 10% div is much more manageable than it would appear at first glance.