Strong Canadian Dividend Stocks
Back with another Dividend Investing Update. My account is made up of 100% Canadian Dividend Stocks from many sectors. There are 30 positions in my account, and today I add more to my holdings in Fortis and Allied Properties REIT. Both have a strong dividend yield, and are currently in the red for me. I like to buy stocks when they dip below my average buy price, which lowers the cost for me to get that dividend. Bonus points for stocks with a strong history of Dividend Growth (Fortis, I'm looking at you). I also bought a Shaw (SJR.B stock with my left over cash, as they dropped down nearly 5% from my average price this morning).
If you are Canadian and want to start buying dividend stocks, Wealthsimple Trade is a really easy and convenient way to start putting aside some money. You can even buy one stock at a time for just a few dollars. If you have $100 to invest, you can use the link above, and they’ll add $10 your account as a bonus. Immediate 10% ROI... not bad! If you already signed up for Wealthsimple Trade, you can still claim the $10 with this code: BL5OIW
Disclaimer: I am not a financial professional or advisor. Nothing on this website or the associated social media accounts constitutes financial advice. I'm just documenting my own investing journey and don't suggest that you do the same. Investing is risky, so make your own decisions or hire a qualified professional make them for you.
I'm documenting the growth of a Canadian dividend investing portfolio and make videos about dividend investing, Canadian stocks, Wealthsimple Trade, Google Sheets, personal finance, and passive income.