Canadian stocks that pay DIVIDENDS!!!! Message Board

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Gold/Mining/Energy : Canadian stocks that pay DIVIDENDS!!!!

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To: John Rountree who wrote (24)	8/27/1997 7:27:00 PM
From: Scott Mc	of 129

John, most companies pay dividend at the same time, and usually when a stock goes ex dividend it also drops by the amount of the dividend. Therefore you aren't really picking up a sure thing and you can't do it every week......... A stradegy that you may also want to look at (I haven't got around to it) is buying DRIP's, some companies will sell at a 5% (or more) discount. Last edition of Bloomberg Mag had an article on a person who had bought a nice house on the proceeds of this (sure thing). Until that article I thought it was peanuts, most companies are smartening up, but not all. Scott

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