Investment capsule: equities, mutual funds, closed-end funds, fixed income, mortgage rates, world economy
Money Digest, May, 1997
The common stocks mentioned here pay dividends that are above 5.2%. This is equal to an interest yield of 6.5% or above.
QUALITY STOCKS THAT PAY HIGH DIVIDENDS
STOCK SYMBOL PRICE DIVIDEND YIELD
$ $ %
Centrefund Rlty CFE 13.90 0.80 5.8
Chrysler C 41.50 1.60 5.4
Fortis FTS 31.75 1.76 5.5
IPL Energy IPL 39.60 2.06 5.2
Maritime T&T MTT 23.80 1.28 5.4
New Tel Ent. NEL 24.50 1.36 5.5
Nova Scotia Power NSI 13.85 0.81 5.8
Quebec Telephone QT 22.80 1.32 5.8
Transalta Utilities TA 15.35 0.98 6.4
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.
STOCK WITH DIVIDEND REINVESTMENT PLANS (DRIPs) STOCK SYMBOL RECENT PRICE $ DIVIDEND $ YIELD % Alberta Energy AEC 28.65 0.40 1.4 Alcan (1) AL 42.75 0.60 1.9 BC Gas BCG 20.65 0.90 4.4 BC Telecom BCT 29.30 1.32 4.5 BCE Inc. B 62.10 2.72 4.4 Bank of Montreal BMO 45.65 1.60 3.5 Bank of Nova Scotia BNS 48.40 1.48 3.1 Bruncor BRR 29.90 1.28 4.3 Cdn. Imperial Bank (CIBC) CM 29.70 1.00 3.4 Canadian Pacific CP 32.10 0.48 1.5 Chrysler C 41.50 1.60 5.4 Dofasco DFS 22.50 1.00 4.4 Echo Bay Mines ECO 8.90 0.08 1.3 Fortis FTS 31.75 1.76 5.5 IPL Energy IPL 39.60 2.06 5.2 Imasco IMS 33.25 1.20 3.6 Imperial Oil IMO 62.70 2.20 3.5 Inco (1) N 42.40 0.40 1.3 Island Tel IT 26.50 1.28 4.8 MDS Health `A' (B) MHG.A 26.75 0.10 0.4 MacMillan Bloedel MB 18.45 0.60 3.3 Maritime T&T MTT 23.80 1.28 5.4 Molson MOL.A 21.95 0.72 3.3 Moore (1) MCL 26.50 0.94 4.9 National Bank NA 13.75 0.60 4.4 National Trustco NT 23.50 0.88 3.7 NewTel Ent NEL 24.50 1.36 5.5 NorTel (1) NTL 89.30 0.52 0.8 Nova NVA 10.60 0.40 3.3 Nova Scotia Power NSI 13.85 0.81 5.8 Telus AGT 19.95 0.92 4.6 TransAlta Utilities TA 15.35 0.98 6.4 TransCanada Pipeline (TCPL) TRP 24.90 1.16 4.7 Westcoast Energy W 23.85 1.16 4.9 (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
AIC Advantage Fund F/B 55.8 29.4 27.4 16.1
AIC Diversified Canada F F/B 48.4 - - -
Colonia Special Gr. Fund B 43.5 25.4 - -
Quebec Gr. Fund Inc. NL 40.8 11.4 20.0 2.6
Beutel Goodman Small Cap Fund NL 39.9 - - -
Average (2) 18.5 11.5 13.8 7.5
SPECIALTY AND OTHER RESOURCE
EQUITY FUNDS
Friedberg Currency Fund NL 63.5 - - -
Green Line Energy NL 38.2 - - -
BPI Canadian Opp. RSP F/B 34.8 - - -
Royal Energy NL 29.3 10.7 23.3 10.3
Dynamic Global Resource F/B 23.8 - - -
Average (2) 3.7 6.4 17.7 4.9
U.S. EQUITY FUNDS---NON-RRSP
ELIGIBLE
Glo. Mgr. U.S. Geared Fund F 34.6 - - -
AIC Value F/B 31.2 22.8 21.1 -
Optima Strat. U.S. Equity F/B 27.3 - - -
Dynamic Americas F/B 27.3 17.6 13.7 10.3
Royal Life U.S. Equity B 27.1 - - -
Average (2) 10.9 13.2 13.2 8.9
INTERNATIONAL EQUITY
FUNDS--NON-RRSP ELIGIBLE
Glo. Mgr. German Geared F 53.9 - - -
20/20 Latin America F/B 52.2 9.2 - -
GT Latin AmeriGrowth F/B 47.0 - - -
Dynamic Europe Fund F/B 39.8 16.3 16.2 -
Glo. Mgr. U.K. Geared Fund F 39.3 - - -
Average (2) 7.1 3.8 11.4 7.1
REAL ESTATE FUNDS
Dynamic Real Estate Equity F/B 44.5 - - -
Investors Real Property F/B 3.8 3.4 1.4 4.4
Royal Lepage Comm. Real Est. NL -1.0 4.0 0.6 -
Average (2) 15.8 3.7 1.0 4.4
BOND & MORTGAGE FUNDS
Fidelity Emerg. Mkts. Bond NL 36.1 18.3 - -
C.I. Global High Yield F/B 16.7 - - -
Glo. Mgr. UK Gilt Index F 16.4 - - -
Altamira Spec. High Yield Bond NL 15.9 - - -
Industrial Bond F/B 14.7 9.8 9.8 -
Green Line Real Return Bond NL 14.3 - - -
Nat. Trust Cda. Bond NL 14.2 10.9 10.4 9.4
Optima Strat. Cdn. Fix. Inc. F/B 14.1 10.8 - -
Average (2) 8.3 7.9 8.9 8.8
(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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