Post by
DemDem on Apr 05, 2024 10:28am
x,y,z
Honestly, I don't understand your purchase of x, y, z. These BPOs are destined to continually decline when rates fall. Currently, they yield less than a GIC if you look at its dividend. As for the possible capital gain, you shouldn't believe it too much, because the higher the stock goes, the lower the dividend will be. Unless the series' final due date is very close.
Comment by
CrazyTrader on Apr 05, 2024 11:35am
You are mixing up Dividend Amount and Yield. Yield on these are much much much higher than GICs Yields.... Yields factor in Share Price. "X" is trading at $9.40, not $25. "X" paid quarterly dividend of $0.315 on Feb 14th, I believe. That puts the yield about 13.4%.