TSX:BPO.PR.A - Post by User
Comment by
pierrelebelon Oct 13, 2024 11:52am
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Post# 36264537
RE:RE:Happy Thanksgiving!
RE:RE:Happy Thanksgiving!
Happy Turkey Day everyone.
Yes we have a lot to be grateful this year, specifically the market action on those high yield preferred and common shares.
BPO.PR.T and ECN.PR.C have been stars with above average tax advantaged dividends and capital appreciation. We are not selling.
BRE (formerly Brookfield Real Estate Services) keeps paying over 9%. We started accumulating in 2018 and last added in November 2022 at $13.40 (yield 10% at the time). We are also not selling.
We are accumulating SPB (partially controlled by BN through preferred shares) with a yield of 9.78%. Once again I expect Brookfield's influence will convince the board to maintain the current dividend rate.
Lower interest rates resulting in the recent strength in REITs allowed us to cash in on some issues (MRG.UN, AX.UN) and invest the proceeds in oil and gas issues offering nice dividends, share buyback and potential long term capital appreciation (CVE, WCP, VRN).
Let's hope we can again say THANK YOU for a great investment year in October next year!
As far as cooking for Thanksgiving I know it is best to leave it to the Mrs!