The Globe and Mail reports in its Wednesday edition that dividend growth is
slowing down, dividend cuts are
becoming more common in the
energy and materials sectors,
and the price of many star dividend
payers has been under
pressure. The Globe's Rob Carrick writes that dividend stocks
represent a known and reliable
quantity. Investors need to up
their game when focusing on
dividend stocks.
Mr. Carrick says if you look at Canadian dividend
funds from several of the big
banks, you will find some solid
results.
RBC Canadian Dividend
Growth Series A has outperformed
the S&P/TSX composite
total-return index over all time
frames, with a fair bit less volatility.
There are no revelations in
the portfolio -- almost half the
stocks are in the financial sector,
and energy's second at 21.5 per
cent. Top holdings are the ones
individual dividend investors are
targeting -- the big banks, Canadian
National Railway, Brookfield
Asset Management, Suncor
Energy and Enbridge.
Scotia Canadian Dividend
Series A beats the index any
which way you look at, with especially
low volatility. Financials and
energy are again the top holdings,
but with lighter weightings
than RBC Canadian Dividend.
© 2024 Canjex Publishing Ltd. All rights reserved.