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TELUS Corporation (T $21.93)
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Brookfield Renewable Partners L.P. (BEP.UN $34.36)
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Cardinal Energy Ltd. (CJ $7.68)
Q: Hello Team,
I'm about 5-6 years away from retirement and have starting to move some of my growth portfolio into dividend paying stocks. Currently I have 25 different holdings in my account (mostly your growth portfolio mixed with a few of your favourite US names). I have 11% of my portfolio in 3 dividend stocks, T, CJ and BEP.un. Would you be okay holding these 3 or do you suggest having more (or less) individual stock holdings for dividends. My goal is to average at least 6% yield. Thoughts?
I'm about 5-6 years away from retirement and have starting to move some of my growth portfolio into dividend paying stocks. Currently I have 25 different holdings in my account (mostly your growth portfolio mixed with a few of your favourite US names). I have 11% of my portfolio in 3 dividend stocks, T, CJ and BEP.un. Would you be okay holding these 3 or do you suggest having more (or less) individual stock holdings for dividends. My goal is to average at least 6% yield. Thoughts?
5i Research Answer:
As part of an overall balanced portfolio we would be comfortable holding any of BEPC, CJ or T. CJ, being much smaller, should be considered much riskier and we would adjust weightings accordingly. But for a balanced income portfolio we think all are fine. We would not expect much in the way of capital gains, however, except perhaps for BEPC under the right conditions.