RE:RE:RE:RE:RE:RE:Like the KING the dividend has arrived $$$$$$$$$Thanks. As you can see, the 5 yr bond yield of 0.415% is basically virtually ROCK BOTTOM. Really, who the hell would buy a bond with a yield of 0.415%???? That's worse than some bank savings account!!!!
This is completely manipulated by the Bank of Canada. If left to the Market, the Rate would Rocket up.
I'm guessing in 5 years time, the rate will be much higher. But expecting the Bank of Canada to keep it down for 2 or 3 more years and then I expect the rates to move up.
Husky4000 wrote: "Holders of Series 7 Shares who choose to retain any or all of their shares will receive the new fixed-rate quarterly dividend applicable to the Series 7 Shares for the five-year period commencing June 30, 2020 to, but excluding, June 30, 2025 of 3.935%, being equal to the sum of the Government of Canada five-year bond yield of 0.415% plus 3.52% in accordance with the terms of the Series 7 Shares, subject to the conditions described above."
-From june 1st press release