Canoe EIT Income 4.80 Cumulative Redeemable Pref shs Series 1 T.EIT.PR.A

This is a mutual fund!

[Gord_Alberta]

Seriously; look at EIT's holdings. Diversified across the U.S. & Canada; sectors that will withstand a market correction. While paying $0.10 per share per month.

Since I am in the dividend reinvestment concept, last years prices after the drop was a good thing. This year at over $12 a share, not so much... Yet in the long term view if things, I am very comfortable holding my shares.

Seriously - look at any mutual fund with diversified Narth Americsn funds. EIT is holding up quite well; so I am not selling...

[EdPaquette]

And tell me why it's a bragging point to be a mutual fund?  High fees and low yeild compared to split funds?

[Gord_Alberta]

I hold some split funds also; went a year without receiving a dividend; although the split fund dividend is now 18% versus EIT's 10%...  EIT has always paid the monthly dividend... Your point is?

[EdPaquette]

If you went a year without any dividends,  that's on you.  I went a couple of months in spring 2020, then regrouped.  When people ask me about investments, and have no money I tell them to buy mutual funds.   So mutual funds are for beginners.   I had a mutual fund sales licence and lived off the commission.   I know the loads.   

[Gord_Alberta]

Good for you; you found your comfort zone. I am happy collecting a 10% dividend with this company. And I am 65 years old... ;-) I would have been better off 15 years ago finding this 10% dividend stock "reinvested" instead of following the "hot stock". Each to their own...

[TheeRook]

15   years ago EIT.un high was   $21.99 Problem with commodity stocks they have to keep finding new reserves.

[EdPaquette]

Eit Dividend is only 4.6%. FFN.pr pays 6.7% with principal safety. 

[gleninagh]

Actually this pays out at 10% monthly. Its a great income stock. I have held it  for about 7 years and  it has consistantly  paid out 10% every single month during that time 

[Gord_Alberta]

Actually, no it does not... It pays $0.10 per month per share. This month it will pay 9.5%. In May 2020 when the market dropped, it paid over 14% that month. Not life or death to me; I loved it when the price dropped below $9 for a while since I am in the DRIP plan; lots of new shares for extra dividends... ;-) https://www.fool.ca/2020/05/06/can-this-14-1-yielder-maintain-its-generous

[EdPaquette]

After you read this, look at the very top of this page and click on "quote" and you'll understand the confusion about paying dividends. This is the page for the preferreds. 

[LosingHope]

A very simple way to determine what % your yearly dividend payment is for this stock is to take: monthly payment $0.10 per stock for T.EIT.UN  multiple it by 12 months then divide it by your average cost per stock then multiple by 100 equals YOUR % yearly payment reguardless to what the current price of the stock is. My example, my average is $10.9548: $0.10 x 12 = $1.20 / $10.9548 x 100 =

[bubba9]

I too was IFIC and IDA licensed. I regrouped like you in 2020 and haven't looked back... You buy when there is blood in the streets.......The one that really hurt however was IPL....