Investment capsule: equities, mutual funds, fixed income, mortgage rates, tables
Money Digest, March, 1997
The common stocks mentioned here pay dividends that are above 5.0%. This is equal to an interest yield of 6.25% or above.
QUALITY STOCKS THAT PAY HIGH DIVIDENDS
STOCK SYMBOL PRICE DIVIDEND YIELD
$ $ %
Centrefund Rlty CFE 14.80 0.80 5.4
Fortis FTS 33.30 1.76 5.3
IPL Energy IPL 38.05 2.06 5.1
Maritime T&T MTT 24.85 1.28 5.2
NewTel Ent. NEL 25.30 1.36 5.4
Nova Scotia Power NSI 14.15 0.81 5.7
Quebec Telephone QT 23.75 1.32 5.6
Transalta Utilities TA 16.45 0.98 5.9
Stocks with dividend reinvestment plans (DRIPs for short) will allow you to reinvest your dividends automatically into the company's shares. This will save you commission. Some companies will even offer a discount if you use DRIPs. The companies listed here have an additional feature--they will also let you buy additional shares in the company with no commission. This feature is called the Share Purchase Plan (SPP)
The stocks listed in the right panel have both DRIPs as well as SPPs.
STOCKS WITH DIVIDEND REINVESTMENT PLANS (DRIPs)
STOCK SYMBOL RECENT PRICE $ DIVIDEND $ YIELD %
Alberta Energy AEC 28.50 0.40 1.3
Alcan (1) AL 47.40 0.60 1.7
BC Gas BCG 21.50 0.90 4.2
BC Telecom BCT 30.75 1.32 4.3
BCE Inc. B 71.25 2.72 3.8
Bank of Montreal BMO 49.75 1.60 3.2
Bank of Nova Scotia BNS 52.45 1.48 2.8
Bruncor BRR 31.45 1.28 4.1
Cdn. Imperial Bank (CIBC) CM 65.75 2.00 3.0
Canadian Pacific CP 35.20 0.48 1.4
Chrysler C 46.85 1.60 4.6
Dofasco DFS 24.65 1.00 4.1
Echo Bay Mines ECO 9.15 0.08 1.2
Fortis FTS 33.30 1.76 5.3
IPL Energy IPL 40.65 2.06 5.1
Imasco IMS 38.05 1.20 3.2
Imperial Oil IMO 64.10 2.20 3.4
Inco (1) N 31.25 0.32 1.4
Island Tel IT 26.40 1.28 4.9
MDS Health `A' (B) MHG.A 29.75 0.10 0.3
MacMillan Bloedel MB 18.10 0.60 3.3
Maritime T & T MTT 24.85 1.28 5.2
Molsons MOL.A 23.25 0.72 3.1
Moore (1) MCL 30.00 0.94 4.2
National Bank NA 15.95 0.50 3.1
National Trustco NT 23.40 0.88 3.8
NewTel Ent NEL 25.30 1.36 5.4
NorTel (1) NTL 100.75 0.52 0.7
Nova NVA 13.00 0.40 3.1
Nova Scotia Power NSI 14.15 0.81 5.7
Telus AGT 21.20 0.92 4.3
TransAlta Utilities TA 16.45 0.98 5.9
TransCanada Pipeline (TCPL) TRP 25.50 1.16 4.6
Westcoast Energy W 24.95 1.16 4.7
(1) Stocks whose dividends are paid in U.S. dollars.
Funds listed in this section are open-end mutual funds. They have been selected on the basis of their previous 12-month performance. Mutual funds should be judged on their long-term, and consistent performance. The listing here is mainly intended to point out the current trends. You may want to compare your fund's performance with the top-performing funds. But do not switch in a hurry.
BEST 12-MONTH PERFORMANCE
FUND COMMISSION (1) 1 YR. 3YR. 5 YR. 10 YR.
% % % % %
CANADIAN EQUITY FUNDS--RRSP
ELIGIBLE
Colonia Special Gr. Fund B 72.0 26.7 - -
AIC Advantage Fund F/B 66.3 25.4 26.7 17.0
AIC Diversified Canada F F/B 62.4 - - -
Bissett Small Cap Fund NL 56.2 18.5 32.2 -
Beutel Goodman Small Cap Fund NL 50.3 - - -
Average (2) 26.7 11.3 14.0 8.9
SPECIALTY AND OTHER RESOURCE
EQUITY FUNDS
BPI Canadian Opp. RSP F/B 76.6 - - -
Friedberg Currency Fund NL 75.8 - - -
Green Line Energy NL 59.4 - - -
Dynamic Global Resource F/B 56.4 - - -
Royal Energy NL 52.3 13.3 25.5 13.1
20/20 Canadian Resources F/B 45.5 14.7 26.3 12.6
Average (2) 17.7 10.2 18.8 7.8
U.S. EQUITY FUNDS--NON-RRSP
ELIGIBLE
Glo Mgr US Geared Fund F 42.8 - - -
AIC Value F/B 34.8 21.0 21.8 -
Cote 100 Amerique NL 30.5 14.3 - -
London Life US Equity B 29.2 14.2 13.5 -
BPI American Small Co. F/B 29.1 16.4 23.7 -
Average (2) 17.0 13.4 13.6 10.0
INTERNATIONAL EQUITY
FUNDS--NON-RRSP ELIGIBLE
Dynamic Global Millenia F/B 40.3 6.9 10.4 -
Dynamic Europe Fund F/B 39.7 13.4 14.8 -
Universal European Opp. F/B 38.5 - - -
Glo Mgr UK Geared Fund F 32.8 - - -
Spectrum United Eur. Growth B 32.8 - - -
Scudder Emerging Markets Fund F 32.6 - - -
Average (2) 7.1 3.8 11.4 7.1
REAL ESTATE FUNDS
Dynamic Real Estate Equity F/B 46.7 - - -
Investors Real Property F/B 3.9 3.1 1.5 4.6
Royal Lepage Comm. Real Est. NL 0.6 4.4 0.8 -
Average 17.0 3.7 1.1 4.6
BOND & MORTGAGE FUNDS
Fidelity Emerg. Mkts. Bond NL 30.5 - - -
C.I. New World Income F/B 16.5 - - -
Altamira Spec. High Yield Bond NL 16.5 - - -
GL Real Return Bond NL 12.5 - - -
Mawer Cdn. Inc. Fund NL 12.4 7.5 - -
C.I. Canadian Bond F/B 12.0 9.2 - -
Navigator Cdn. Inc. Fund F/B 12.0 - - -
Average (2) 6.5 5.8 8.9 9.0
(1) Commissions NL - No load, F - Front-end load, B - Back-end load; F/B -
Option of Front or Back-end load
(2) Averages are based on all funds within each group
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