RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:QUINTY...RE: $USD Dividends,,,,,,,,,,Hey @bttmfischer Your scenario is different, my comment was general that there is no benefit on US vs CAD side div payment. It is the same amount on boths side of the border, regarless of entry point.
I get what you are saying I recall the good times when CAD was at par with the US and took advantage of that. Very likely it won't happen again in my lifetime. There is a reason that I trade in both US and CAD mainly taking advantage of exchange rate moves.
GLTA
bttmfischer wrote: Silkos, for once I disagree. I bought a number of US stocks in 2010, when the Canadian dollar was worth more than the greenback. As I recall, one loony was worth $1.08 US.
Because in the aftermath of the 2008 financial crisis, the shares were cheep. So while the nominal, perpetual divdend on the $25 US preferred was 4 1/2 percent, or $1.125 US, and since I bought them for $19.40 US, which was 8% less in Canadian funds, and the 4 1/2 per cent dividend in US funds, which equals $1.53 CaD TODAY, or 8.52 % That IS DEFINATELY A GOOD PREMIUM.
As you probably know well, TIMING IS EVERYTHING, and I just provided you with a simple proof.