We are at the beginning of a new month (right after seeing the Greek busting our party yesterday!) so it is now time for the TSX 60 ex-dividend date, dividend yield and dividend payout ratio. In addition to provide the TSX chart, I wanted to add a few random thoughts on those Canadian dividend stocks:
Canadian Gold Stocks Might Follow Newmont (NEW) and its Dividend Strategy
While price of gold has been sky rocketing since 2008, we can tell the same thing about Canadian gold stocks. In order to be more attractive to investors, some companies (Eldorado Gold ELD is mentioned in several rumors) may follow their American competitor Newmont (NEW) in their dividend payout strategy. NEW as declared their dividend payout will follow the price of gold. Therefore, if the price of gold goes up and the stock doesn’t, at least you will have a reason to celebrate!
Better be part of the Top Canadian dividend stocks:
disclaimer: I own shares of NA, T, BNS, HSE
Nice list! Could you do a similar one with US stocks of the S&P500?
we actually do it over Intelligent Speculator:
http://www.intelligentspeculator.net/free_stock_picks/top-100-dividend-stocks-november-2011/
cheers,
Mike
I love when you post this list, helps to reassure some of my past purchases. I was thinking about adding a position of Moslon Coors TPX.B traded on the TSX to my borrowed investment account. I know TAP which trades on the NYSE wouldn’t qualify as Canadian dividends but would TPX be considered a Canadian Dividend? And allow me to write off the interest for this purchase?
Thanks.