Holy crap, I just realized DoubleK and DoubleF are different posters. I was like "Why do people reply to themselves like that?"
I have a 100-lot position of a smaller dividend-paying Canadian financial institution already, and will start adding 100-lots of the bigger players as I build up capital in my margin account. Problem is a 100-lot of a bank stock trading at $107 is $10.7k, so it takes a while for new investors or those with smaller accounts to get to that level. Commissions being what they are for most Canadian brokers, even for Questrade, it adds up if you keep adding to your position through smaller acquisitions.
I have the following on my radar once I hit my capital targets for the account:
CM.TO (CIBC) - 5.32% quarterly dividend
BCE.TO (Bell Communications) - 5.31% quarterly dividend
FTS.TO (Fortis) - 3.55% quarterly dividend
A good mix of industries, and a healthy dividend to reduce my cost basis and generate some quarterly income that I don't need to keep an eye on like I do with my options trading.
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-James
GO FLAMES GO.
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Originally Posted by Azure
Typical dumb take.
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