Yes, I think the title says it all. Contrary to what some people might have you believe, I think selecting a few quality Canadian dividend-paying stocks can be easy. Again, a few. In fact, the answer to selecting a couple of great Canadian dividend-paying stocks to start your direct ownership portfolio might be staring you right in the face, especially if you own some certain big bank mutual funds.
Don’t believe me? Let me show you.
Have a peek at the following screenshots, in no particular order, and tell me what trends you see?
Fund # 1 – BMO Dividend Fund
Fund # 2 – CIBC Dividend Growth Fund
Fund # 3 – RBC Canadian Dividend Fund
Fund # 4 – Scotia Canadian Dividend Fund
Fund # 5 – TD Dividend Growth Fund
With the exception of one dividend fund out of five, have you noticed anything particularly interesting about their top-10 holdings? Do they look similar? I look forward to your comments!