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daveking
2009-04-14, 11:07 PM
I'm looking for stocks or ETF that have high dividend yield to put into my TFSA.

Any suggestions?

Germack
2009-04-14, 11:15 PM
How about CDZ or XDV. Both are dividend ETFs.

takingprofits
2009-04-15, 12:46 AM
ax.un.to,rus.to, nfi.un.to, cpg.un.to (converting to a corp and maintaining the yield), and even ylo.un.to

Financial Highway
2009-04-15, 02:34 AM
XDV, YLO.un.to, REI.un.to....bmo, cm........mfc

ethos1
2009-04-15, 09:48 AM
I would like to offer the following for reference when looking at or for dividend paying stocks or preferred's

I think it is as complete as it can be, covering all or most global stocks.

You can choose by date or by symbol

http://www.fulldisclosure.com/dividend.asp?date=20090414&client=cb

When you find the symbol look at them on here – as an example I have used symbol DDT

http://www.profitspi.com/stock-quote/ddt.aspx

Then look at the historical payouts - here

http://www.fulldisclosure.com/company.asp?client=cb&ticker=ddt

Then to get the full picture – put in the symbol & look at the 1, 5, 10 year history, price and dividend payouts

http://www.google.com/finance?q=NYSE%3ADDT

In the case of DDT since 1998 it has paid over $22 in dividends - never missing a beat

hope this helps

Bullseye
2009-04-15, 12:48 PM
I'm holding XDV, XRE, and XIC in my TFSA's.

Average yield of 7.8% (picked up all except XRE well below current price), interest cost is 3.5%.

I wrote an article on it here;

http://colourfulmoney.com/?p=385

Germack
2009-04-15, 02:39 PM
I'm holding XDV, XRE, and XIC in my TFSA's.

Average yield of 7.8% (picked up all except XRE well below current price), interest cost is 3.5%.

I wrote an article on it here;

http://colourfulmoney.com/?p=385

I am holding pretty much the same ETFs. Instead of XDV I bought CDZ. No clue which one is better. CDZ or XDV.

Bullseye
2009-04-15, 03:11 PM
I am holding pretty much the same ETFs. Instead of XDV I bought CDZ. No clue which one is better. CDZ or XDV.

CDZ holds about 25-30% income trusts, XDV holds none. That gives CDZ a higher yield. Within a TFSA, the tax consequences are moot.

So mainly just depends on whether you want exposure to income trusts or not.

One other small issue...CDZ is small, and thinly traded, compared to XDV, so there is more chance of some small loss in bid/ask. Not an issue for buy and hold, though.

Murtaza
2009-04-15, 03:30 PM
thank you for the info, ethos1. It turned out to be very valuable for me.

daveking
2009-04-15, 04:16 PM
thanks.
A lot of good suggestions here.

I'm leaning toward:

XIU for TSX60
XEG for energy
XRE for real estate