Canoe EIT Income 4.80 Cumulative Redeemable Pref shs Series 1 T.EIT.PR.A

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:This is a mutual fund!

[LosingHope]

A very simple way to determine what % your yearly dividend payment is for this stock is to take:

monthly payment $0.10 per stock for T.EIT.UN 
multiple it by 12 months
then divide it by your average cost per stock
then multiple by 100
equals YOUR % yearly payment reguardless to what the current price of the stock is.

My example, my average is $10.9548:

$0.10 x 12 = $1.20 / $10.9548 x 100 = 10.954% per year

This % will remain the same reguardless to any stock price change unless you impact you average cost by buying or sell more stocks. 

Those who bought at last years lower prices will of course have a higher yearly % payment and those that bought at yesterday's end of day price will have a lower yearly % payment. 
I.E. yesterday T.EIT.UN close at $12.58, so you'll only be receiving 9.54% yearly. 

You can also use this same formula for quarterly dividend paying stocks, just multiple by 4 (quarterly payments) and not 12 monthly payments. 

Cheers