Q: I am retired and a dividend investor in corporations which receive the dividend tax credit as any investments would be in an unregistered account. Would you think it’s timely to purchase some preferred shares for a 5 percent position, doing so over the next couple of months. If you think it is worthwhile, please provide 4 or 5 preferred shares that you would recommend.
Capital preservation and liquidity is important and unless the dividend is greater than 7 percent I would assume you would be better off just investing in some blue chip large cap companies with high yields where there is a chance for more capital appreciation. ALSO I would like you to consider minimum rate reset preferred shares that would reset within the next 12 months and if they reset today what would the yield be.
Thanks BRIAN
Capital preservation and liquidity is important and unless the dividend is greater than 7 percent I would assume you would be better off just investing in some blue chip large cap companies with high yields where there is a chance for more capital appreciation. ALSO I would like you to consider minimum rate reset preferred shares that would reset within the next 12 months and if they reset today what would the yield be.
Thanks BRIAN