The title still says it all.
Contrary to what some people might have you believe, I think starting your research into Canadian dividend paying stocks to buy and hold in your portfolio can be made easy. If you know where to look…
Don’t believe me?
Here’s one place to consider: own what the big mutual funds and ETFs own. That means you may want to consider the following for your Canadian portfolio:
- Canadian banks (ticker symbols: RY, CM, BMO, BNS, TD)
- Canadian pipeline (ticker symbols: ENB, TRP)
- Canadian life insurance companies (ticker symbols: MFC, SLF)
- Canada’s largest oil and gas company (ticker symbol: SU)
That portfolio is not necessarily diversified (i.e., no consumer stock sector) but it’s a start!
I wrote this post almost six years ago. I believe it remains relevant today. Let’s compare 2011 to now below. Let me know if you see any themes.
Images courtesy of BMO’s site.
Images courtesy of CIBC’s site.
Images courtesy of Royal Bank’s site.
Images courtesy of Scotiabank’s site.
Images courtesy of TD Bank’s site.
I recall iShares XIU was one of the world’s first ETFs. It holds the largest Canadian companies. My perspective is, if collectively the largest 60 companies in Canada aren’t making money year-over-year, nobody is. This ETF has provided strong Canadian market returns over the last decade and remains a great choice for your indexed portfolio. That said, the top holdings in this ETF rarely go out of style.
Image courtesy of BlackRock’s site.
Have you noticed anything interesting about these top-10 holdings? What do you make of starting your Canadian stock research through owning what the big funds own?