Yield to Caution: Dividend 15 Split Corp.

Article Excerpt

Welcome to your latest issue of Dividend Advisor. This month, we highlight several attractive, high-yield stocks we recommend to you as buys. They include Extendicare, which offers you a high 6.0% yield while serving the rapidly growing senior-care market. Also, small-cap Russel Metals successfully taps into the North American metals market to reward investors with a solid 6.9% yield. Just to the left, read about TC Energy. It has raised its dividend for investors every year since 2000—and plans to keep doing so. It now yields a high 4.4%. Nonetheless, as we’ve said before, not all high dividends or dividend yields are buys. DIVIDEND 15 SPLIT CORP. $8.72 gets lots of media buzz for its whopping 13.7% dividend yield. The company (Toronto symbol DFN; Shares o/s: 43.9 million; Market cap: $471.5 million; Divd. yield: 13.7%; www.dividend15.com) draws on its holdings of 15 big Canadian companies to fuel your gains and sustain your dividends. They include BCE, Bank of Nova Scotia, Thomson Reuters, Loblaw Cos., Sun Life Financial and Enbridge. Still, we feel you should yield to…