RE:An “Eligible Dividend for Canadian Income Tax purposes”It's taxed differently (lower rate) on your tax forms than non-eligibles... I don't know how much less it is tho.
I could be wrong but I believe it's because all its business it does is in with Canada... Someone with more knowledge could conferm these things if they are accurate...
I would suggest jump in if your on the fence... unless there is a plunge in oil prices, I'm expecting a payout increase and the SP to find a level in the $10-14 within the next year, I don't think we will be in the 7s much longer after the next couple months when we get a year end and quarterly in a short window. A bunch of news and info is coming and most should be very positive...