Diversified Royalty Corp T.DIV

Impressive Dividend History

[hawk35]

Here is the trend line for the dividend since covid started in 2020:

2021: Raised the dividend 2 times.
2022: Raised the dividend 1 time.
2023: Raised the dividend 2 times.
2024: Raised the dividend 1 time (in the first 3 months)

This is a good holding for income.  If your a growth (SP) investor, its best to look elsewhere.

[maplak]

Well I sold  3/4 of DIV shares after they announced  financing  and  bought more AD.UN. I think DIV is going anywhere. Pay out 90% and some sectors are slowing down. AD.UN had better earnings has way better outlook and pay out ratio 65-70%. Dividend slightly lower. Time will show..... 

[nedstar71]

While I like and own Alaris, note the '.UN' part of the ticker and its tax implications, compared to DIV's nice and tax advantageous eligible dividend.  I'll take an 100% eligible dividend all day long. I used to be overweight Alaris years ago until they decided to convert to a trust and shifted a good portion of their tax burden to shareholders. That being said, DIV's

[maplak]

You are right about AD.UN taxation. That's why I own them in both TFSA accounts. I also trade with my wife's cash account where I have a few of " UN's " and when she filed income tax yesterday , together with some capital gains and dividends she owed the money. Fortunately I trade in 2 TFSA and one RRSP accounts as well to get some break. 

[nedstar71]

I read somewhere that if you were to have no other income other tham 50k in eligible dividends in a taxable account come tax time you actually would owe zero in income tax. If my TFSA were bigger I'd own more Alaris, Steve King the Ceo there is fantastic. As it stands though DIV's eligible dividend really makes it the one to own more of.  Plus keep in mind Alaris has some potential

[pierrelebel]

Tax rates on "eligible" Canadian dividends depend on your province of residence. For information in Ontario check this LINK Good Luck

[maplak]

I know. Bloody taxes. I just retired a year ago and for past 31 years always " cooked " my taxes ( never paid) but I am slowly running out of " ingredients ". Just used my last RRSP contribution for last year claimed my daughter's tuition but next year I will be only on pension income defined pension plan,bridge and CPP and who knows if they deduct enough taxes. 

[BlueJay2020]

I used to own Alaris.  It just felt to me that the next banana skin was around the corner, and when the tax status changed it was time to move on.  I wouldn't rule out holding it again though.