A Yield to Caution

LIFECO SPLIT CORP. $6.75 (Toronto symbol LCS; Shares outstanding: 5.3 million; Market cap: $35.8 million; Dividend yield: 13.4%; www.quadravest.com) holds shares of Canada’s four largest publicly listed life insurance companies.
These are Sun Life Financial, Manulife Financial, Great-West Lifeco and iA Financial. The company holds the four stocks… Read More

Pass on this ETF

BMO COVERED CALL CANADIAN BANKS ETF $23.26 (Toronto symbol ZWB) holds shares of Canada’s six largest banks (CIBC, TD Bank, Bank of Montreal, Bank of Nova Scotia, Royal Bank and National Bank).
The fund started up in January 2011. Its MER is a relatively high 0.72%.
BMO Canadian High Dividend Covered… Read More

Q: Pat, could you comment on Harvest Health ETF (HHL): The dividend of about 8% seems unreal. Is this ETF a good choice for income?

A: Harvest Healthcare Leaders Income ETF, $8.60, symbol HHL on Toronto, (Units outstanding: 89.7 million; Market cap: $771.4 million; www.harvestportfolios.com), holds a portfolio of 20 large-cap global healthcare companies, selected by the manager for their potential to provide attractive monthly income and long-term growth.

The ETF… Read More

Pass on this ETF

BMO COVERED CALL CANADIAN BANKS ETF $20.73 (Toronto symbol ZWB) holds shares of Canada’s six largest banks (CIBC, TD Bank, Bank of Montreal, Bank of Nova Scotia, Royal Bank and National Bank) either directly or through units of the BMO Equal Weight Banks Index ETF.
The… Read More