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Gold/Mining/Energy : Canadian stocks that pay DIVIDENDS!!!!
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To: C who wrote ()8/3/1997 12:06:00 PM
From: Wayne K  Read Replies (1) of 129
 
Good idea for a thread!

I'd like to share my ideas with all on this thread and welcome all comments,positive or negative.

My personal investment strategy is a conservative short term profit approach, which means I do a lot of trading.

One way I achieve this is to buy stocks just prior to there X/Dividend date hold them long enough to be eligible for the dividend than sell the stock and go on to the next stock and repeat the process over and over.

Of course the stock has to pay a high enough dividend or enough stock has to be purchased to (1)Cover commisions (2)Earn a projected profit for that particular trade. I deal with TD Greenline online so with a flat rate of $29 per trade the dividend doesn't have to be all that high to pay for the trade.

With a little research you can pick a handfull of stocks that have good yields, price stability and trading volume, monitor their dividend dates and cycle through them earning profits!

My next target stock is AOS.UN (TSE)and Oil Sands Trust Unit yielding 8.3%, $1.95 dividend per year, $.4875 div/qtr, Aug 1 close price of 23.60, X/Div date Aug 6/97.

If I buy 500 shares @23.60 the dividend payout will be $243.75 subtract $58 ($29x2 Buy/Sell) for commisions and that leaves me with
$185.75 profit if I sell it at the same price. The stock has good volume and medium volitility and I don't anticipate a drop in price before I dump it. Not bad for a few keystrokes and a day of trading.

Now how about doing say one trade per day at a net profit of $100 per trade, thats $3000 per month.

I'll try and post a list of TSE highest yielding stocks in a later post.

Wayne

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