$1300, Low Beta, Dividends, Blue Chip, USD/CAD

[KaeJS]

Alright, folks.

I've got $1300 to blow, as this is what's left of my cash account. Just like my low calorie diet, I am also trying to place my portfolio on a margin restricted diet.

With that said, I don't want $1300 sitting in cash being eaten away by inflation. I would prefer to invest it into a safe, blue chip, dividend paying company with a low beta. Essentially, I want to park this $1300 and forget I even have it.

The hard part:

I don't want any energy companies. No oil. No gas.
No financials, either.

I would prefer the stock price to be under $26 so I can at least grab 50 shares and would like the yield to be above 3%.

I am not opposed to buying something in USD, however, I would like to stay away from purchasing at a 52wk high, such as PFE. Pfizer would have been the perfect candidate if it wasn't bouncing off the rev limiter on the 52wk high.

Anyone have any suggestions?

[KaeJS]

Please let it be known that I already hold the following:

BCE
BMO
CPG
ECA
FTS
MT
TA
TRP

Also, I'd like to stay away from REITs as well, because this is a non-registered account. I don't want any "distributions". Dividends only.

I would like to try and diversify further, if possible. A different sector (transportation, pharmaceutical, etc) if possible.

[rknigh2]

RIM is a few points off its 52 week high.


Also depends on how long you want to lock up the cash for. A lot of communications are good buys right now, but so are a lot of energy and financials you don't want. RCI.B is a decent candidate for what you're looking for.

[Spidey]

Perhaps FCR. Low beta, rated as a "strong buy", 4.4% yield.

[webber22]

The dividend tax credit for CAD stocks adds up to big savings over time
CLC - 8% yield
BPF.UN - 6.7% yield
KEG.UN - 6.8% yield
FCR - 4.4% yield

[KaeJS]

Perhaps FCR. Low beta, rated as a "strong buy", 4.4% yield.

The dividend tax credit for CAD stocks adds up to big savings over time

FCR - 4.4% yield

This is why I love this forum. Thank you Spidey and webber.

I'll purchase 50 shares of FCR tomorrow if I can get in below $18.50.

If I purchase and it drops down a bit, I'll just add $500 to my account and buy another 50 shares to get a nice, clean even amount of 100 shares at a lower ACB.

Just what I was looking for:

4.4% Yield, low share price, dividend payouts, and a different sector.

Perfect.

[indexxx]

Sunlife? Staples? Intel?

[HaroldCrump]

Did you say no REITs because of the distributions issue, or is there a sectoral reason?
If the latter, then FCR is in the same business and subject to the same market forces, just not structured as a REIT.

It is also at a 52 week high, in fact, an all-time high.

[KaeJS]

I didn't want REITs just because of the distribution factor.

I currently have an order set for 50 FCR at $18.40, but it's not filling.

Volume is extremely low.

Don't mind buying at a 52wk high so much for a growing REIT. Just don't want to buy something like an energy company or KO at it's all time high...

[Beaver101]

My favourite set-and-forget-it stock is RSI - may not be a big "blue" stock but it pays sweet dividends ($.09 every quarter for x? past years held or ~6% yield) - and refines sugar and so it's not on your exclusion list. Will get you more than 200 shares even at its high end.