RE:RE:RE:RE:RE:Many own this How much was that GIC paying on August 11th?
How much tax are you paying on that GIC compared to the dividend?
The yearly dividend is $3.44 per share.
Your math still stinks. Are you a trader or an investor?
As an investor I have lost nothing on ENB and have well over 6% in dividends and tax credits too!
Over 2.5% more than your 4% GIC with annual increases and less tax paid. How is my math?
"Selling here to buy a 4% GIC bad....buying here for an over 6.5% yield good. " Still rings true.
Go Enbridge! ;-)
FiddyFiddyOddzz wrote: On August 11th (the day before the ex dividend), ENB closed at 56.56.
Last Friday, ENB closed at 51.64.
Your 86 cent dividend cost you four dollars and ninety two cents in capital depreciation, yup, that’s 8.7 %.
How's my math ?
Quin wrote:"And the 6% divy yield doesn't add in there anywhere?
Your spelling is better than your math...always was.
Selling here to buy a 4% GIC bad....buying here for an over 6.5% yield good.
Go Enbridge! ;-)"