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Gold/Mining/Energy : Canadian stocks that pay DIVIDENDS!!!!
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To: C who wrote ()3/10/1998 12:05:00 AM
From: mark calgary  Read Replies (2) of 129
 
I have two great dividend plays that I have come across. Canadian General Investments (CGI) and Third Canadian General investments. These are both "closed investment" deals. Last years returns were over 20% for both. If possible you hold them in your RRSP as they dividend both stock and cash. Their holdings are almost like a mutual fund, but they are tradeable. My dividend on a $16.00 stock (CGI) was over two dollars in the month of December 97 alone.This was the year end distribution, and they dividend quarterly as well. When you consider that it is trading at 90% of NAV it makes things look even better. Note : CGI has split twice in the last 10 years as well
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