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Strategies & Market Trends : Dividend investing for retirement
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To: Ditchdigger who wrote (33251)12/13/2020 10:37:25 AM
From: E_K_S  Read Replies (1) of 34328
 
Re: BCE

I believe Canada stocks have a 25% withholding for dividends paid to US investors in their 'taxable' account. ROTH and IRA there is no withholding based on the last time I checked. There is a process to claim a Foreign Country Tax Credit but I have been closing those ADR's out (or reducing them) and working to find similar US companies that pay dividends for my Taxable account.

When I did my last review, it adds up over 20 years of dividend payments and when you have that set on automatic dividend reinvestment, you lose sight of the reduced (compounded) gains you give up.

I may look at starting a position in BCE in the tax deferred account(s) as this would be a good one to own. I usually look at REITs and preferreds for the tax deferred accounts as those typically generate pretty good div (yields) and then reinvest 65% into other dividend payers and 35% into growth w/ modest dividends.

What I am finding now is the COVAD event is presenting an opportunity for the IRA & ROTH to move some of that dividend income into special situation REIT plays that have 'crashed' from the lock down. I took a small position in MAC in all three of my tax deferred accounts. It is still paying 5% but my valuation is 400% higher than the current price. There are many other candidate stocks that fit the special situation so I like to seed the account w/ small positions. It to me provides low risk w/ high returns if we normalize out the other side (ie return the the mean).

Time will tell. I say look 18-24 months out for some new normal in these depressed REITs IMO

EKS
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