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Strategies & Market Trends : Dividend investing for retirement
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From: rnsmth9/1/2019 7:48:25 PM
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I am still investing thousands of dollars a year in retirement. Not rich, just do not need it for the household budget at this time. This past week or so, I have branched out and opened two new positions. I used SSD's screening tool and looked for companies with Very Safe dividends of at least 3.5% current yield, and then looked at their dividend growth rates.

Canadian banks popped up. All the large ones. RY, BMO, BNS, TD, CM are the ones I remember off the top of my head. I opened 1/3rd weight (more or less) positions in these two:

CM . Canadian Imperial Bank of Commerce. Current yield is about 5.5%, 5 year divvy growth of about 7% and dividend rating of Very Safe.

TD Toronto Dominion Bank. Current yield is about 4.1%, 5 year divvy growth rate of 10%, and a dividend rating of Very Safe.

Now I can spend the next year or so building these up.
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