2010 Top 10 Canadian DRIPs

Our annual TOP10 Canadian DRIP Companies is fresh out of oven.

FOM Top 10

Top 10 Canadian DRIP Companies -Year 2010

No.
DRIP companies
Sector
Stock Symbol
Share price* 
Dividend yield*
Service charge
Adm. cost
OCP (or SPP)
Discounts on dividends reinvested
Open to non-Canadian investors
Download Plan Circular
1 Bank of Nova Scotia financial service/banking BNS $46.49 4.30% nil nil yes yes, 2% yes
2 Transcanada Corporation diversified TRP $34.13 4.50% nil nil yes yes, 5% yes
3 Fortis Inc. utilities FTS $26.75 4.20% nil nil yes yes, 2% yes
4 Telus Corporation telecom T $33.40 5.80% nil nil yes yes, 3% yes
5 RioCan REIT REIT REI.UN $18.03 7.60% nil nil yes yes, 3.1% yes
6 Progress Energy oil and gas PRQ $12.85 3.10% nil nil yes yes, 5% yes
7 Sun Life Financial financial service/insurance SLF $31.36 4.70% nil nil yes yes, 5% no
8 Bank of Montreal financial service/banking BMO $52.88 5.40% nil nil yes yes, 2% yes
9 Canadian REIT REIT REF.UN $26.91 5.20% nil nil yes yes, 4% no
10 Emera Incorporated diversified EMA $23.10 4.70% nil nil yes yes, 5% no

* Share Price/Dividend yield: as of market close on Feb. 10 2010

How do we come up with the Top 10 Canadian DRIP companies?

The annual “Top 10 Canadian DRIP companies” is purely arbitrary, but also based on the cardinal investment rules: return, safety and risk.

Check back to our Top 10 list, choose your own DRIP candidates. If you have enough money to start with, buy all of the Top 10 DRIP companies. If not, choose the first 5 of them. You can start with as little as 5 or 10 shares for each company, and continue to add to your position by OCP/SPP over the time.

 

 

 

 

 

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