Because stats like Dividend Yield and Payout Ratio are constantly changing, by the time you watch this video they will likely be outdated. TH-cam doesn't allow edits to content after posting, so the point of this video isn't to give you updated stats. I weigh out the overall growth potential of each company, along with the dividend payout stability of each company, and have made my top picks for monthly dividend stocks for the long-term (5+ plus years). I hope this list sparks some ideas for you to go and research and find out more about each company and if it's right for your portfolio. Happy investing and I hope you enjoyed my content :)
REI.UN went from 9.75% to 4.95% Dividend Yield which appears to be in 9 days if the information you gathered was around the time you uploaded this video. I guess this video proves that companies with high dividend payout ratio are not good for portfolios that are income-focused.
A word of caution on Timbercreek. Yes, great divvy but it is taxed as interest and is not an eligible dividend for income tax purposes so you will pay a significantly higher tax compared to say Pembina, or Enbridge. For me, the tax implications for TF force me to exclude it.
@@WealthAwesome very true, also RSP. Sadly mine are maxed out so I’m seeking good dividend payers with maximum tax efficiency; but when I retire and rebalance things I could see considering TF in one of those accounts.
Hey Paul, yeah that's the tricky thing about making content such as this, is that it gets outdated so quickly. See my pinned comment at the top for how I address this problem.
@@WealthAwesome awesome! Yeah I’ve been wanting to get into ETFs that pay monthly dividends instead of yearly/quarterly and thought it would be a great video to do sometime soon
Quick question! If I own a REIT that has properties in the USA, do I have to pay taxes (on the dividends, captial gains or other)? thx, keep up the good work!
@@WealthAwesome I think you have to double check this. My research says the US only "recognizes' our RRSP plans as vehicles that are exempt from with holding taxes and capital gains not our TFSA's
Well done! You broke it down so that even the newest of the new looking to invest can understand the topic. You earned the sub and I look forward to more great content 🥰
According to the CRA: An eligible dividend is any taxable dividend paid to a resident of Canada by a Canadian corporation that is designated by that corporation to be an eligible dividend. A corporation's capacity to pay eligible dividends depends mostly on its status. In this case, all these are Canadian corporations, so should all be eligible dividends.
Very, very little risk difference. Maybe a major bank has a smaller chance of going bankrupt but wealthsimple is getting pretty huge now itself with a low chance of bankruptcy. Both are covered up to $100,000 by CDIC insurance even if one does go bankrupt.
Hey sorry I put the wrong ticker on here, Northview Apartment REIT (NVU.UN) is now NorthView Canadian High-Yield Residential Fund (NHF.UN) (it got sold and updated its ticker). Their focus is on Multi-Residential, Commercial, and Execusuites.
I would like much more to invest in a >4-5% dividend paid quarterly than in a < 3% paid monthly and manage the cash flow instead of letting it dictate my investment selection. Just my $0.02. But I do appreciate the work you are putting into your videos.
Couple of dividend yearly ratio is down within 1 month if you check and match with current ratio. Can you please make another video with some more juicy monthly dividends. Any advise will be highly appreciated ! Thanks for your video
Good video. I never owned 1 of these stocks but I follow some. I just wish getting dividend information was easier. Many sites including Google give inaccurate div yield % and wrong ex div dates which can lead to buying/selling when otherwise wouldn't have. Calculating dividend can be complicated because for example, I bought bip.un recently and Brookfield pays out in USD which is converted to CAD. 4 sites all gave different yeild percent for bip-un. Marketbeat so far I found gives accurate dividend yield.
@@WealthAwesome nvu.un is the one thats been delisted 😬 on wealth trade simple Fn, ai are also stocks that cant be trade due to its trading volume not meeting thier requirements for listing.
I am a somewhat new investor and I try to put in 200-300 dollars into my tfsa every paycheck. Should i focus on building up one position (1 stock) or should i use my money to buy a couple different stocks and build it like that?
If you're using a commission-free trading platform like Wealthsimple, then buy as many stocks as you want. If you have to pay commissions, then just buy just one as it will eat into your returns.
Are Canadian Energy and Reit stocks worth it long term ? Sorry I am new to Canada and not sure if these are safe long term ? Any info would be appreciated
That’s a hard question to answer. Nobody knows what the future holds for certain and stocks are inherently risky. But if you pick financially strong energy and reits you maximize your chances of long term gains.
Hi bro, great content. I’m investing in VEQT for the next 20 years so I’m okay with the volatility. My question is since savings account are low in interest I’m thinking of investing some money in high dividend ETF so I can save the money and use it in the next 5 years for bigger purchase, is it safe to treat high dividend etf for example xdiv as a better alternative to savings account? I’m also using EQ bank too. Thank you 😊
Hi Jesse, a balanced portfolio shouldn't be equities and savings account, it should be equities with fixed income split. You should figure out what your proper equity / fixed income split is, and invest accordingly. A high-dividend ETF is not a good alternative to fixed income or a savings account, as it will be much riskier and might not be suited to your risk tolerance and time horizon. I recommend doing this investor questionnaire to learn more: www.vanguard.ca/individual/questionnaire.htm#/
Hi Bro, I have taken the Vanguard questionnaire many times. I just answered it again and got 100% equities. I’m planning on putting $200 monthly in veqt for next 30 years. I’m aware that the market will fluctuate up and down but In the long term will be great return. If someone is already invested in asset allocation etf such as veqt is investing also in high dividend etf worth it for monthly income? Thank you
It’s incredible how much success stands to attain with professional assistance in the market, with the help of a US fund manager Ronald B. Furey I’ve generated a passive income streamline from my consistent profit returns
@@douglasschwab. He provides an investment management service where he handles my trading and executed trades among other investors on his clientele list with his superior expertise of the market giving me a much better standpoint and chance of earning colossal profit returns. This way it creates room for a more efficient and profitable trading process
If you're looking for steady passive income, forget all these stocks, just go Covered call ETFs which includes all these stocks with much better dividends. If you're looking for capital gains, thats a different story.
im watching this 3 months later and the first stock cpi droped 20% from 50 to 40$ and you valued it based on future capital appreciation because the 2% dividend was low :/
You’d better buy way better trimestrial paying companies than those not so good companies… and manage your money… like Banks, BCE, Telus, Fortis, Power corp, Canadian Utilities, Manulife, for example…
Just got started investing...decided to make a channel on my journey into the investing world...don't have content but working on it as I have...life currently getting in the way lol doesn't it always Started March 6th with just 200...then added more until I've deposited 850$ and my portfolio is up to 957$... Will keep these stocks on a watch list when I get some cash(holiday pay isn't until June/July.
This video is 2 weeks old. And you said Rio Can's Dividend yield is 9.75%? I think its much lower than that for several weeks now. But thanks for the video though.
Hey you might be talking about Northview, it's changed: Northview Apartment REIT (NVU.UN) is now NorthView Canadian High-Yield Residential Fund (NHF.UN)
Anyone ever borrowed money to invest? A HELOC is currently 3%, Riocan pays 9 something. So you'd be making 6%. But then you're taxed... are the earnings added to your income?
Hey Riocan is significantly lower dividend yield now. But yeah you could potentially do that as a strategy but there is risk involved. HELOC rates could go up, the stock price could go down if there's a market crash for example.
You cover a lot of interesting topics in the video production space! We are interested what you talk about, keep it up. Anytime you're in Arizona let us know. If you can, direct message us @dmakproductions on IG and we can chat. You kill it!
Because stats like Dividend Yield and Payout Ratio are constantly changing, by the time you watch this video they will likely be outdated. TH-cam doesn't allow edits to content after posting, so the point of this video isn't to give you updated stats. I weigh out the overall growth potential of each company, along with the dividend payout stability of each company, and have made my top picks for monthly dividend stocks for the long-term (5+ plus years). I hope this list sparks some ideas for you to go and research and find out more about each company and if it's right for your portfolio. Happy investing and I hope you enjoyed my content :)
REI.UN went from 9.75% to 4.95% Dividend Yield which appears to be in 9 days if the information you gathered was around the time you uploaded this video. I guess this video proves that companies with high dividend payout ratio are not good for portfolios that are income-focused.
@@lilaznboy93 no, it proves Covid happened
1:38 Northland Power ( NPI )
2:42 Parkland Fuel ( PKI )
3:49 Granite Reit ( GRT.UN )
5:00 Killam Apartment Reit ( KMP.UN )
6:06 Northview Apartment Reit ( NVU.UN )
6:54 Transalta Renewables ( RNW )
8:07 First National Financial ( FN )
8:52 Exchange Income Fund ( EIF )
9:48 Atrium Mortgage ( AI )
10:41 Timbercreek Financial ( TF )
11:28 Pembina Pipeline ( PPL )
12:27 Riocan Reit ( REI.UN )
It could have been nice to add the payout dates of each!
Hey thanks for helping with that! I appreciate it
I'll make a note for next time, thanks!
This channel is underrated. Keep up the good work Chris!
Much appreciated!
It's incredibe how much effort you put into your videos, keep up the great work
Thanks, will do! That means a lot to me :)
Does wealthsimple allow you to buy big quantity or sell them all at once ? Or is there any kind of stop ?
Yes, you can buy/sell as much as you want!
A word of caution on Timbercreek. Yes, great divvy but it is taxed as interest and is not an eligible dividend for income tax purposes so you will pay a significantly higher tax compared to say Pembina, or Enbridge. For me, the tax implications for TF force me to exclude it.
Hey James thanks for that insightful comment. Try holding it in your TFSA then, that should solve the problem.
@@WealthAwesome very true, also RSP. Sadly mine are maxed out so I’m seeking good dividend payers with maximum tax efficiency; but when I retire and rebalance things I could see considering TF in one of those accounts.
@@WealthAwesome hello such a great video!!! How would I hold it in my TFSA? Thanks!
Nice list! I own about a third of them 👍
Awesome! Thank you!
You're my new favorite financial guru on yt😁 Thanks Chris
😁😁 Haha thanks Geraldine! That makes me happy to hear
AGREE!
Great video and content, however some of the dividend yields seem higher than are being offered currently. How old is the information?
Hey Paul, yeah that's the tricky thing about making content such as this, is that it gets outdated so quickly. See my pinned comment at the top for how I address this problem.
Interesting selection of high dividend stocks. Many I have not heard of before.
Thank you for putting this in one compilations.
I been looking for this companies that are paying monthly dividends.
Great job!
Glad it was helpful!
Great video! Could you do a video on Canadian ETFs that pay monthly dividends - loved this format
hey that's a fantastic idea Ryan, I will add it to my content list. I never even thought of that to be honest.
@@WealthAwesome awesome! Yeah I’ve been wanting to get into ETFs that pay monthly dividends instead of yearly/quarterly and thought it would be a great video to do sometime soon
I definitely enjoy your channel, what do you know about reits? Hopefully I spelt it correctly
Sure, check out my blog post on this: wealthawesome.com/best-canadian-reit-stocks/
Very informative vlog . Straight to the point and very well explained. Learning more from you . .
Well done. Your new subscriber.
Thanks Linda! That means a lot to me. I hope you enjoy my channel!
Quick question! If I own a REIT that has properties in the USA, do I have to pay taxes (on the dividends, captial gains or other)? thx, keep up the good work!
Regardless of if it's in the US or Canada, you would have to pay taxes on it.. unless you put it in your TFSA
@@WealthAwesome thank you!
@@marie-jadechampagne3744 Do you still have to pay in RRSP account? Or do you just pay when you withdraw?
@@WealthAwesome I think you have to double check this. My research says the US only "recognizes' our RRSP plans as vehicles that are exempt from with holding taxes and capital gains not our TFSA's
Where can I find the monthly vs quarterly information ? Yahoo Finance doesn't mention
Yeah it’s a bit tricky to find. Search for company name + dividend schedule or ticker + dividend schedule. Ex. Google enbridge dividend schedule
Well done! You broke it down so that even the newest of the new looking to invest can understand the topic.
You earned the sub and I look forward to more great content 🥰
Welcome aboard!
Thanks for this video I was wondering how to find good stocks to invest in
Glad it was helpful!
Thanks. Which of these are "eligible cdn dividends" for tax purposes
According to the CRA: An eligible dividend is any taxable dividend paid to a resident of Canada by a Canadian corporation that is designated by that corporation to be an eligible dividend. A corporation's capacity to pay eligible dividends depends mostly on its status.
In this case, all these are Canadian corporations, so should all be eligible dividends.
From an institutional perspective, is the any risk difference between having a TFSA through a major bank vs say Wealthsimple?
Very, very little risk difference. Maybe a major bank has a smaller chance of going bankrupt but wealthsimple is getting pretty huge now itself with a low chance of bankruptcy. Both are covered up to $100,000 by CDIC insurance even if one does go bankrupt.
For the Northview Apartment REIT, is "NHF.UN" the same thing as the "NVU.UN" stock? If not, what's the difference between the two?
Hey sorry I put the wrong ticker on here, Northview Apartment REIT (NVU.UN) is now NorthView Canadian High-Yield Residential Fund (NHF.UN) (it got sold and updated its ticker). Their focus is on Multi-Residential, Commercial, and Execusuites.
I would like much more to invest in a >4-5% dividend paid quarterly than in a < 3% paid monthly and manage the cash flow instead of letting it dictate my investment selection. Just my $0.02. But I do appreciate the work you are putting into your videos.
Yeah monthly payments aren't necessary for a lot of investors, just thought this list would help for those that it does matter!
Some of these stocks arent available through wealth simple :( do you know why that is?? For example the Atrium one!
Low volume
It's likely due to lower volume of trading
*SBC* is a great monthly dividend stock to hold also. Surprised you didn't have this one on your list.
I'll check it out!
Can you have TFSA at two locations, say a bank and wealthsimple? Great information, thanks.
Hey Terry, Yes you can! But you must be careful to track them closely, as you don't want to overcontribute which can lead to penalties.
Couple of dividend yearly ratio is down within 1 month if you check and match with current ratio. Can you please make another video with some more juicy monthly dividends. Any advise will be highly appreciated ! Thanks for your video
Sure, I will try to put something out in the next few months!
Good video. I never owned 1 of these stocks but I follow some. I just wish getting dividend information was easier. Many sites including Google give inaccurate div yield % and wrong ex div dates which can lead to buying/selling when otherwise wouldn't have. Calculating dividend can be complicated because for example, I bought bip.un recently and Brookfield pays out in USD which is converted to CAD. 4 sites all gave different yeild percent for bip-un. Marketbeat so far I found gives accurate dividend yield.
Hey David yeah that's a common problem. Check out koyfin, it's a free app you can download it's pretty solid
Future topic possibility: Canadian stocks that pay out monthly dividends that can be bought and sold on wealthsimple
Hey thanks Ken, which ones did you notice you can't buy/sell on WS?
@@WealthAwesome nvu.un is the one thats been delisted 😬 on wealth trade simple Fn, ai are also stocks that cant be trade due to its trading volume not meeting thier requirements for listing.
I am a somewhat new investor and I try to put in 200-300 dollars into my tfsa every paycheck. Should i focus on building up one position (1 stock) or should i use my money to buy a couple different stocks and build it like that?
If you're using a commission-free trading platform like Wealthsimple, then buy as many stocks as you want. If you have to pay commissions, then just buy just one as it will eat into your returns.
I have see many videos related to financial education and I have to say ur the best so far...thanks man
I appreciate that! That means a lot to me.
Are Canadian Energy and Reit stocks worth it long term ? Sorry I am new to Canada and not sure if these are safe long term ? Any info would be appreciated
That’s a hard question to answer. Nobody knows what the future holds for certain and stocks are inherently risky. But if you pick financially strong energy and reits you maximize your chances of long term gains.
Don't invest in REITS for now. Energy is good
Thank you for all this research and thank you for sharing the info. Fyi, since recording NVU.UN has sold to Starlight.
Thanks for the info! I was aware of this, and I had my blog post updated but missed it when writing the script for this video. Good catch!
Hi bro, great content. I’m investing in VEQT for the next 20 years so I’m okay with the volatility. My question is since savings account are low in interest I’m thinking of investing some money in high dividend ETF so I can save the money and use it in the next 5 years for bigger purchase, is it safe to treat high dividend etf for example xdiv as a better alternative to savings account? I’m also using EQ bank too. Thank you 😊
Hi Jesse, a balanced portfolio shouldn't be equities and savings account, it should be equities with fixed income split. You should figure out what your proper equity / fixed income split is, and invest accordingly. A high-dividend ETF is not a good alternative to fixed income or a savings account, as it will be much riskier and might not be suited to your risk tolerance and time horizon. I recommend doing this investor questionnaire to learn more: www.vanguard.ca/individual/questionnaire.htm#/
Hi Bro,
I have taken the Vanguard questionnaire many times. I just answered it again and got 100% equities. I’m planning on putting $200 monthly in veqt for next 30 years. I’m aware that the market will fluctuate up and down but In the long term will be great return.
If someone is already invested in asset allocation etf such as veqt is investing also in high dividend etf worth it for monthly income?
Thank you
Great Video but most of the stock looks risky. Thanks!
thanks, hope it gave you some ideas anyways!
I'd like to suggest Sienna SIA, 6.3%
Another solid pick, thanks Walter!
It’s incredible how much success stands to attain with professional assistance in the market, with the help of a US fund manager Ronald B. Furey I’ve generated a passive income streamline from my consistent profit returns
thanks!
Hi Keelan, how does your partnership with Mr. ronald work? how can one reach him for inquiries?
@@douglasschwab. He provides an investment management service where he handles my trading and executed trades among other investors on his clientele list with his superior expertise of the market giving me a much better standpoint and chance of earning colossal profit returns. This way it creates room for a more efficient and profitable trading process
@@douglasschwab. You can reach out to him on what s app
+ 1 3 (8 5 4) 3 7 1 - 1 5 8
Hey I have one question what about Dfn and ffn ??
Both seem solid, DFN is a mutual fund, and FFN is a bit too small to include on this list
The post date says Mar 1.21 but none of the dividend prices are accurate.
Hey Evelyn sorry for the confusion, I addressed this in my pinned comment
Any changes now a year later, 2022.?
Yeah I will update this on my blog soon, thanks for asking!
Very precious. Thanks for sharing.
Thank you! 😊
Great video. Thank you for sharing.
Thanks for watching!
you need to update this video. Some like Northview Canadian High Yield Residential Fund (NHF-UN.TO) are not paying dividends.
They are still paying monthly dividends, they just announced a few days ago: www.rentnorthview.com/investor-relations/media-releases/m/2211856
I think the dividends yield of Rio can is wrong unless they increase their dividends recently.
thanks, I address this in the pinned comment
If you're looking for steady passive income, forget all these stocks, just go Covered call ETFs which includes all these stocks with much better dividends. If you're looking for capital gains, thats a different story.
thanks
I believe Riocan cut its dividend recently. Please double check.
reduced by 33% I believe
Hey Lucy, please see my pinned comment at the top for how I address this problem
@@WealthAwesome still 9.75% on your slide. It was old data.
they only pay 0.08 cents per share. it went down from 0.12 cents per share.
Good clear presentation. Well done.
Glad you liked it!
im watching this 3 months later and the first stock cpi droped 20% from 50 to 40$ and you valued it based on future capital appreciation because the 2% dividend was low :/
I still believe in the long-term prospects of the stock, I hope it turns around for you!
@@WealthAwesome i watched the rest of the video and you got some hidden gems at the end. i bought some PPL REI and TF earlier today. thx brodie.
Great info as always!
Glad it was helpful!
We don't have ticker NVU.UN my friend
Yeah sorry it changed to NHF.UN now
You’d better buy way better trimestrial paying companies than those not so good companies… and manage your money… like Banks, BCE, Telus, Fortis, Power corp, Canadian Utilities, Manulife, for example…
ok thanks for the input
Great video!! Learned a lot.
Hey Joy! Thanks haha. Hope all is well in Toronto
Awesome info.
Glad you think so!
Just got started investing...decided to make a channel on my journey into the investing world...don't have content but working on it as I have...life currently getting in the way lol doesn't it always
Started March 6th with just 200...then added more until I've deposited 850$ and my portfolio is up to 957$...
Will keep these stocks on a watch list when I get some cash(holiday pay isn't until June/July.
sorry just got this let me know if you need help still
This video is 2 weeks old. And you said Rio Can's Dividend yield is 9.75%? I think its much lower than that for several weeks now.
But thanks for the video though.
Thanks Peter, see the pinned comment for more info on this.
amazing list!
Glad you think so!
Doesn't reits pay distributions not dividends . Also just buy xei or vdy
REITS can pay a combination of both distributions and dividends, or either one. I like VDY over XEI personally.
all of this has monthly Div?
yes!
easier to just get an dividend etf :))
Perhaps, check out my best dividend ETF video!
Sucks that wealthsimple doesn't have some of these tickers
Hey you might be talking about Northview, it's changed: Northview Apartment REIT (NVU.UN) is now NorthView Canadian High-Yield Residential Fund (NHF.UN)
@@WealthAwesome nice, thank you!
Unfortunately some of these aren’t able to trade in WealthSimple. Something to do with the volume of trading.
Closed caption... dividend risk rat... Really?
Haha it's an auto CC. Sorry if it's inaccurate
New subscriber here.
Welcome aboard!
Seriously? Didn't include Enbridge? Wow.
Seriously. Wow. This is a MONTHLY dividend stock video. Enbridge doesn't pay monthly dividends.
REI.UN doesn't have 9.75% Dividend its around 5%. NEVER use free stock brokers, if you don't want to have same problems as ROBINHOOD users!!!!
Yeah REI.UN cut the dividends massively a little while ago.
Anyone ever borrowed money to invest? A HELOC is currently 3%, Riocan pays 9 something. So you'd be making 6%. But then you're taxed... are the earnings added to your income?
Hey Riocan is significantly lower dividend yield now. But yeah you could potentially do that as a strategy but there is risk involved. HELOC rates could go up, the stock price could go down if there's a market crash for example.
Monthly Dividends lowest to highest NPI, PKI, grt.un, kmp.un, nvu.un, rnw, FN, eif, AI, tf, ppl, rei.un
Thanks!!
EIF
Thanks!
Haha Northland is falling down like a truck, didn’t even stabilize yet.
Yeah it's been doing pretty badly, hopefully turns around soon
You are reading a tele Monitor cheap!!!!!!!!!!!!!!!!!!!
You cover a lot of interesting topics in the video production space! We are interested what you talk about, keep it up. Anytime you're in Arizona let us know. If you can, direct message us @dmakproductions on IG and we can chat. You kill it!
thanks
Cfg
Good one!
I noticed you are reading this word for word off the website. Did you write this yourself, or did somebody else write it?
The entire wealthawesome.com website is written by me, I'm credited at the bottom of every article.