DIRC - Canadian DRiPs Board

Sep. 10, 2010 by Jon-o: DRIPs automatically reinvest dividends for investo

Fri, 10 Sep 2010 05:18:50 GMT

Nothing new here.. and no mention of OCPs or the Tim Horton plan fees.

[Website Address]

Sep. 10, 2010 by Cal: Re: MFC ratios

Fri, 10 Sep 2010 04:28:01 GMT

Sep. 10, 2010 by Wayneman: Re: BCECTV

Fri, 10 Sep 2010 02:47:19 GMT

Sounds like the Russian 5 year plans.

In 2000 BCE bought CTV.
In 2005 BCE sold CTV.
In 2010 BCE bought CTV back.

Sep. 10, 2010 by OperaBob: Re: Penn West PWT.UN - Distribution Change :(

Fri, 10 Sep 2010 02:33:32 GMT

[Website Address]

OB

Sep. 10, 2010 by OperaBob: BCECTV

Fri, 10 Sep 2010 02:15:31 GMT

[Website Address]

OB

Sep. 9, 2010 by Cookies: Re: Penn West PWT.UN - Distribution Change :(

Thu, 9 Sep 2010 15:49:22 GMT

True ... but not if your holding it inside a TFSA or RRSP account ;)

Sep. 9, 2010 by drppingsoprano: Re: Problem with Quicken Calculation

Thu, 9 Sep 2010 14:35:00 GMT

I'm using a spreadsheet that I got from a member of the Toronto DRP club. It's not quite ready for public consumption, but once it's been tweeked to be user-friendly to those without advanced Excel skills, I'll give George a copy to post in the tools section.

Sep. 9, 2010 by drppingsoprano: Re: DRIP Picking

Thu, 9 Sep 2010 14:33:23 GMT

There aren't very many Canadian DRPs, so your choices are limited anyway.

Sep. 9, 2010 by OperaBob: Re: Penn West PWT.UN - Distribution Change :(

Thu, 9 Sep 2010 14:28:50 GMT

Yeah, but now you get to claim the dividend tax credit so the yield after taxation should still be close,

OB

Sep. 9, 2010 by Wayneman: Re: DRIP Picking

Thu, 9 Sep 2010 13:46:08 GMT

We have the selections people on this site picked to DRIP.
Here's the latest:
[Website Address]

You can find the lists for other years too. It's all here.

Sep. 9, 2010 by Weber1986: DRIP Picking

Thu, 9 Sep 2010 13:11:07 GMT

So I read an interesting book on dividends the other day. I'm sure if you have been dripping in the states for awhile you will have heard of it. It is called The Little Book of Big Dividends. I especially found the way they rate their stocks informative. After reading the book it refers you to numerous places where you can get useful information for free. I especially like the website. Www (dot) bigsafedividends (dot) com. It updates weekly the best dividend stocks in USA.

I have been looking at different sources of information to help me determine the best drip stocks to invest in and when to put more money in or less. After looking at the bigsafedividends website I was wondering if there was a canadian equivalent. I would prefer a free source of information.

I was also looking at the value line investment survey. I know you have to pay for online access, but my public library has the weekly periodicals available for free. Ive never used value line before and wondered how it was for Canadian stocks.

Basically I'm looking for sources to help me pick my drips in Canada.

Sep. 9, 2010 by BOBO17: Re: Problem with Quicken Calculation

Thu, 9 Sep 2010 12:12:10 GMT

Just curious
are you using your "own" spreadsheet or one that is available on this site (Stu's)

Sep. 9, 2010 by renejashton: Re: TELUS DRIP (Common Shares)

Thu, 9 Sep 2010 12:03:19 GMT

Thanks folks for your replies.

Rene J.

Sep. 9, 2010 by drppingsoprano: Re: Problem with Quicken Calculation

Thu, 9 Sep 2010 11:53:43 GMT

It's a rounding error, especially noticeable when the amount of dividends is low, and worse with CIBC Mellon which only gives 3 decimals. There really isn't a fix. As others have mentioned, put in the correct amount of dividend and the number of shares you received, and let Quicken calculate the price. This is why I use a separate spreadsheet to calculate my ACB, because I don't trust that Quicken is doing it correctly.

Sep. 9, 2010 by Cookies: Re: Problem with Quicken Calculation

Thu, 9 Sep 2010 11:37:42 GMT

Problem is not with OCP's, but with stock dividend reinvestment entry ... just can't them to match.

Sep. 9, 2010 by Cookies: Penn West PWT.UN - Distribution Change :(

Thu, 9 Sep 2010 11:34:02 GMT

We knew that the change from Income Trust to Corporation structure was going to possibly impact dividend distributions ...

Commencing with Penn West's September distribution paid on October 15, 2010 to unitholders of record on September 30, 2010, Penn West will be reducing the current distribution of $0.15 per unit per month to $0.09 per unit per month. This new distribution level represents a cash-on-cash yield of approximately 6 percent based on the closing price today of $19.00 on the Toronto Stock Exchange.

[Website Address]

Cookies

Sep. 9, 2010 by OperaBob: Re: TELUS DRIP (Common Shares)

Thu, 9 Sep 2010 10:01:46 GMT

I think something else might be confusing Rene, TELUS's dual class share structure:

T & T.A

The T.A might be confusing in light of the ".UN" designation for trusts.

TELUS, awhile back did announce it would convert to a Trust which quickly boosted it's price quickly to over $60. This announcement was the tipping point for our Finance Minister, Mr. Flagherty to change the rules covering trusts known as the Halloween Massacre. TELUS shares fell just as quickly as can be seen here if you set the chart to 5 or 10 years:

[Website Address]

So TELUS never converted to a Trust and remained a corporation.

The dual class structure was created to meet foreign ownership limitations. AS DRIP shares can be dilutive the PLAN only allows for reinvestment in T.A non-voting shares so foreign interests cannot control TELUS out right.

There has been some speculation that if the government relaxes foreign ownership limitations TELUS will cancel the T.A shares by converting them to T (voting) shares. It does remain speculation though.

OB

Sep. 9, 2010 by Wayneman: Re: TELUS DRIP (Common Shares)

Thu, 9 Sep 2010 08:54:13 GMT

You're 20 years too late.

TELUS Corporation was established in 1990, following the reorganization of the Alberta Government Telephones Commission, becoming the parent company of AGT.

Sep. 9, 2010 by Jon-o: Re: TELUS DRIP (Common Shares)

Thu, 9 Sep 2010 08:09:05 GMT

Well, their name is currently Telus Corporation so I'm not exactly sure what you're thinking of... I think you got income trust / corporation and or another business mixed up.

Sep. 9, 2010 by renejashton: TELUS DRIP (Common Shares)

Thu, 9 Sep 2010 08:04:34 GMT

Hello:

Can someone please confirm or deny that Telus is contemplating

going to a Corporation status in 2011.

Thanks