royal bank

Preferred shares are equities that pay fixed dividends without offering investors voting rights. Still, those payments are made before dividends to common shareholders.

While investors are attracted to “preferreds” for income, those shares are sensitive to the movement of interest rates and their prices can be volatile....
The six ETFs we update below mainly hold high-quality stocks that are widely traded on Canadian and U.S. ex- changes. Each fund tracks the performance of a major stock market index. That’s different from ETFs focused on narrower indexes or themes such as solar power and bio- technology.

Of course, you pay brokerage commissions to buy and sell these investments....
Many investors don’t realize how Canadian dividends receive an extra benefit for Canadian investors holding shares of Canadian companies. To get the most from your Canadian dividend-paying stocks, make sure to understand the rules of the Canadian dividend tax credit
ROYAL BANK OF CANADA $105 (Toronto symbol RY; Conservative Growth and Income Portfolios, Finance sector; Shares outstanding: 1.5 billion; Market cap: $157.5 billion; Price-to-sales ratio: 3.9; Dividend yield: 3.5%; TSINetwork Rating: Above Average; www.rbc.com) acquired Los Angeles-based City National Bank in November 2015 for $5.5 billion U.S....
Under pressure from shareholders and regulators, banks around the world have spent the past decade rebuilding their balance sheets, reducing costs and returning to their core banking business. After the global financial crisis of 2008/2009, much tighter government regulations, increased compliance costs and low interest rates have kept the recovery modest....
A: CoPower, the Montreal-based issuer of CoPower bonds, was established in 2013.

The company aims to pool senior, secured loans in individual clean-energy projects into Green Bonds with five- and three-year terms. To cut risk, it looks for projects that are already operational and generating steady revenues.

Examples so far include an energy-efficiency upgrade at Toronto’s Harbourfront Centre and a commercial rooftop solar installation in Windsor, Ontario.

CoPower Green Bonds are available to individual investors at a minimum of $5,000, pending a positive suitability assessment....
While TD (see page 1) is our favourite for new buying, we also like the outlook for Canada’s other big banks. We advise all Canadian investors to hold at least three of them.

Like TD, the remaining four banks trade at attractive multiples to their improved earnings; each should also continue to increase its dividend....
Here are three new ETF launches. Each uses “quanitative modelling.” That may make their investment approach sound scientific; however, in our view, it will likely detract from their long-term returns. Many ETFs that use a socalled “black box” to pick stocks find the approach works only for a while, or in retrospect....
The ETF world is diverse, with a fund for every kind of investment strategy. That includes ETFs for those Canadians who want to invest in companies committed to protecting the environment and helping social causes. Here are two such funds:

ISHARES MSCI KLD 400 SOCIAL ETF $97 (NYSE symbol DSI; TSINetwork ETF Rating: Aggressive; Market cap: $932.5 million) avoids companies that derive a significant portion of their business from alcohol, tobacco, gambling, civilian firearms, nuclear power, military weapons, adult entertainment, and genetically modified organisms.

The fund invests in large U.S....
A: Dividend 15 Split Corp., $10.88, symbol DFN on Toronto (Shares outstanding: 31.6 million; Market cap: $343.8 million; www.dividend15.com), is a split-share investment corporation that holds shares of 15 companies: BCE Inc., CI Financial Corporation, Bank of Nova Scotia, Thomson Reuters, National Bank of Canada, Loblaw Cos., Sun Life Financial, Canadian Imperial Bank of Commerce, TransCanada Corporation, Manulife Financial, TD Bank, Royal Bank of Canada, Bank of Montreal, Telus Corporation and Enbridge.

The company can also invest up to 15% of its portfolio in other stocks....