2011 Top 10 Canadian DRIPs

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

FOM Top 10

Top 10 Canadian DRIP Companies -Year 2011

 

No. DRIP companies Sector Stock Symbol Share price*  Price change from 2010 Dividend yield* Service charge Adm. cost OCP (or SPP) Discounts on dividends reinvested Download Plan Circular
1 TransAlta utilities TA $21.60 n/a 5.37% nil nil yes no
2 Bank of Montreal financial service/banking BMO $61.99 17% 4.52% nil nil yes no
3 Bank of Nova Scotia financial service/banking BNS $59.54 28% 3.49% nil nil yes yes, 2%
4 Telus Corporation telecom T $53.24 59% 4.13% nil nil yes yes, 3%
5 RioCan REIT REIT REI.UN $25.64 42% 5.38% nil nil yes yes, 3.1%
6 Transcanada Corporation diversified TRP $43.39 27% 3.87% nil nil yes up to 5%
7 Fortis Inc. utilities FTS $32.99 23% 3.52% nil nil yes yes, 2%
8 ENB utilities ENB $32.29 n/a 3.03% nil nil yes yes, 2%
9 Manulife financial service/insurance MFC $17.24 n/a 3.02% nil nil yes up to 5%
10 Yellow Media Publishing/Internet YLO $3.77 n/a 17.21% nil nil yes yes, 5%

* Share Price/Dividend yield: as of market close on May 31, 2011

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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