RE:RE:RE:ENB V.S. ENFgold_diggers1 wrote: jgzeger wrote: funtimes wrote: Is ENF just like any stock or is there service charge/commission for owning it? Thanks! BTW if this stock ever hit $39 Can. like someone suggested I think I would get a loan out and stock up big time!
You can buy ENF like any other stock on the TSX with only the commission you typically pay for doing a trade. Just my opinion, but even though ENF has a higher dividend yield, I think ENB offers a chance for a larger rebound as it has been beaten down more heavily.
But is ENF treated as "income", not " eligible dividends" for income taxes purposes?
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Looking at the Company website, I got my answer. Yes, it is.
. Dividends and Ownership Structure
On October 30, 2017, the Company's Board of Directors declared a monthly cash dividend of $0.1711 per common share to be paid on December 15, 2017 to shareholders of record at the close of business on November 30, 2017.
These dividends are designated eligible dividends for Canadian tax purposes, which qualify for the enhanced dividend tax credit. Eligible shareholders may elect to participate in the Company's Dividend Reinvestment and Share Purchase Plan (DRIP), where they may automatically reinvest their dividends in additional shares at a two percent discount to the share price without brokerage fees. Details of the DRIP are available on the Company's website. Shareholders who wish to participate in the DRIP should contact their investment dealer for further information and to enroll.
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GLTA