High Dividend Stocks

[tread83]

Any thoughts on FFN or DFN Stocks? How are these guys offering such high dividend yields?

 

[danmand]

Looks like a fund of 15 high dividend yield shares.

I would personally buy 8 high yield individual shares instead in order to avoid a management fee. The funds you mentioned have a list of their underlying stocks. But I am not giving advice.

 

[anonemouse]

Looks like a fund of 15 high dividend yield shares.

I would personally buy 8 high yield individual shares instead in order to avoid a management fee. The funds you mentioned have a list of their underlying stocks. But I am not giving advice.

Their expense is currently about 1.5% and about 85% of the fund is invested in :

Bank of America Corp.
Bank of Montreal
The Bank of Nova Scotia
Canadian Imperial Bank of
Commerce
CI Financial Corp.
Citigroup Inc.
Goldman Sachs Group. Inc.
Great-West Lifeco Inc.
JP Morgan Chase & Co.
Manulife Financial Corporation
National Bank of Canada
Royal Bank of Canada
Sun Life Financial Inc.
The Toronto-Dominion Bank
Wells Fargo & Co.

If you want to invest in those companies yourself and make an extra 1.5%, it isn't hard.