Canadian Dividend Reinvestment Plans (DRIPs)
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Sunday, October 30, 2011

Globe and Mail column on buying DRIPs through online brokers

Another article on Canadian dividend reinvestment plans (DRIPs) appeared in this weekend in the Globe and Mail. As with other articles on DRIPs, columnist Rob Carrick outlined how one can use DRIPs to build a significant portfolio of stocks and how this is a “get rich slowly” kind of method. This method he calls the classic DRIP.

As a twist though Carrick focused on how you can also use online brokers to start your dividend reinvestment plan. With the help of Robert Gibb, who is probably better known as OperaBob of the The DRiP Investing Resource Center message boards, Carrick highlights how to use the online brokerage houses associated with Canadian banks and those that are standalones.

The piece also lays out how the various online brokers handle their DRIP transactions in a table. While all except for one do not charge for using the DRIP feature, the clear winner in terms of number of available stocks to choose from is TD Waterhouse.

The full article and chart can be found at Building wealth, a DRIP at a time page.

Happy DRIPping,

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Saturday, October 15, 2011

List of Canadian DRIPs and SPPs Updated

Here is the latest round of updates to my Canadian Dividend Reinvestment Plans (DRIPs) list. I have updated the following stocks based on your feedback. Please keep the updates coming!

1.       CIBC (CM-T) – discount lowered to 2%
2.       Enerplus Corporation – removed SPP
3.       Precious Metals and Mining Trust (MMP.UN-T) – removed discount
4.       TransCanada Corporation (TRP-T) – removed discount

As always, if you see any discrepancies please post a comment.

Happy DRIPping,

Wednesday, September 07, 2011

Support This Site Through ING

I have been meaning to thank everyone who has been visiting this site over the past few years. Your support has been phenomenal!

I also wanted to say that as a member of ING Direct Canada I also use their investment savings accounts for my both my personal savings and my TFSAs. As some of you may know, ING has a referral program. When new customers open an ING DIRECT Canada account with $100 or more they get a $25 welcome bonus gift. If they input the Orange Key of an existing member then that person also gets $25.

If anyone is thinking of signing up for an ING account then please consider referencing my Orange Key (14865885S1). You can also click on the animation below which will allow you to copy my Orange Key and browse to ING Direct Canada.

Thanks for reading,

List of Canadian DRIPs and SPPs Updated

First off I want to thank everyone who has written to me asking when the site would be updated. I realize that there has been a long stretch since my last major update. And as you can see below, there have been many changes regarding Canadian DRIPs!

As well, thanks to everyone for their comments to let me know of changes to the company plans on my list. I used those as my starting point and then checked every plan for accuracy. Also, I have verified every link to the company dividend reinvestment plan details and Globe Investor stocker ticker.

As always, if you see any discrepancies please post a comment. The information you provide is always appreciated.

Happing DRIPping,

1. Brookfield Office Properties Canada (BOX.UN-T)
2. Churchill Corporation (CUQ-T)
3. Dundee International REIT (DI.UN-T)
4. Eagle Energy Trust (EGL.UN-T)
5. Energy Income Fund (ENI.UN-T)
6. Gibson Energy Inc. (GEI-T)
7. GMIncome & Growth Fund (GMF.UN-T)
8. Horizon Alpha Pro ETFs
9. Homburg Canada REIT (HCR.UN-T)
10. Husky Energy (HSE-T)
11. INDEXPLUS Dividend Fund (IDF.UN-T)
12. Liquor Stores N.A. Ltd. (LIQ-T)
13. MOSAID Technologies (MSD-T)
14. NorthWest Healthcare Properties REIT (NWH.UN-T)
15. PATHFINDER Convertible Debenture Fund (PCD.UN-T)
17. Retrocom Mid-Market REIT (RMM.UN-T)
18. Rogers Communications Inc.(RCI.B)
19. Senior Gold Producers Income Corp (GPC-T)
20. TransGlobe REIT (TGA.UN-T)
21. Troy Resources NL (TRY-T)
22. Valener Inc. (VNR-T)
23. Yellow Media Inc.(YLO-T)

1. Arctic Glacier Income Fund (AG.UN-T)
2. Caldwell Partners International Inc. (CWL.A-T)
3. Capital Power Income L.P. (CPA.UN-T)
4. Citadel Diversified Investment Trust (CTD.UN-T)
5. CML HealthCare Income Fund (CLC.UN-T)
6. Energy Plus Income Trust (EPF.UN-T)
7. European Premium Dividend Fund (EPD.UN-T)
8. Financial Preferred Securities Corporation (FPR.PR.A-T)
9. InnVest REIT (INN.UN-T) – suspended August 12, 2011
10. Loblaw Companies Limited (L-T)
11. NuVista Energy Ltd.(NVA-T)
12. Oil Sands Sector Fund (OSF.UN-T)
13. Pantera Drilling Income Trust (RIG.UN-T)
14. Paramount Energy Trust (PMY.UN-T)
15. Peyto Energy Trust (PEY.UN-T)
16. Sustainable Production Energy Trust (SPU.UN-T)
17. Western Financial Group (WES-T)
18. Westshore Terminals Income Fund (WTE.UN-T)

1. AltaGas Income Trust changed to AltaGas Ltd. (ALA-T)
2. Arc Energy Trust changed to ARC Resources Ltd. (ARX-T)
3. Bank of Montreal (BMO-T) – removed discount
4. Canexus Income Fund changed to Canexus Corporation (CUS-T)
5. Charter REIT changed to Partners REIT (PAR.UN-T)
6. Daylight Resources Trust changed to Daylight Energy Ltd. (DAY-T)
7. Enbridge Income Fund changed to Enbridge Income Fund Holdings Inc.(ENF-T)
8. Enerplus Resources Fund changed to Enerplus Corporation (ERF-T)
9. Enervest Diversified Income (EIT.UN-T) - removed minimum
10. Firm Capital Mortgage Investment Trust changed to Firm Capital Mortgage Investment (FC-T)
11. Fort Chicago Energy Partners L.P. changed to Versen Inc. (VSN-T)
12. Freehold Royalty Trust changed to Freehold Royalties Ltd. (FRU-T)
13. Just Energy Income Fund changed to Just Energy Group (JE-T)
14. Keyera Facilities Income Fund changed to Keyera Corp. (KEY-T)
15. Macquarie Power & Infrastructure Income Fund changed to Capstone Infrastructure Corporation (CSE-T) and Share Purchase Plan (SPP) terminated
16. NAL Oil & Gas Trust changed to NAL Energy Corp. (NAE-T)
17. Northland Power Income Fund changed to Northland Power Inc. (NPI-T)
18. Parkland Income Fund changed to Parkland Fuel Corporation (PKI-T)
19. Pengrowth Energy Trust changed to Pengrowth Energy Corporation (PGF-T)
20. Penn West Energy Trust changed to Penn West Exploration (PWT-T)
21. Phoenix Technology Income Fund changed to Phoenix Technology Services (PHX-T)
22. Provident Energy Trust changed to Provident Energy Ltd. (PVE-T)
23. Telus (T-T) – removed discount
24. Vermilion Energy Trust changed to Vermilion Energy Inc.(VET-T)
25. Zargon Energy Trust changed to Zargon Oil & Gas Ltd.(ZAR-T)

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Tuesday, July 20, 2010

Canadian DRIP & SPP List updates

I have added the following new plan:

NuVista Energy Ltd. (NVA-T)
NuVista Energy Ltd.-Announces Dividend Reinvestment Plan

I have updated the following plan:

TransAlta Corporation (TA-T) - 3% discount added
TransAlta declares dividend

As always, if you see any discrepancies please post a comment.

Happy DRIPping,

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Monday, July 19, 2010

Reason this site has been down

Dear readers,

I am sure some of you came to my site over the past week only to be greeted with a message that my blog had been removed.

Well, last Saturday Google decided to mark this blog as spam. When they do that they take down the site until I can prove I am the owner. Once I did then they had to do a manual review of my blog to see if they could re-instate it. I eventually escalated the problem up the chain of command and the site was re-activated this afternoon.

I am not sure how this occurred in the first place. My site has been up since 2005 and in those past five years nothing like this has ever happened. I am sorry if this outage has inconvenienced anyone.

Thank you all for your patience and I hope that you will continue to visit my site in the future.


Monday, July 05, 2010

Globe and Mail column on DRIPs

Globe and Mail columnist John Heinzl is at it again. On Saturday July 3, 2010 he did an in-depth report on dividend reinvestment plans and included a feature on Robert Gibb, who is probably better known as OperaBob of the
The DRiP Investing Resource Center message boards.

Gibb highlights some of his holdings in the article, gives some excellent reasons on why one should hold DRIPs and then talks about how one can start becoming involved in DRIPs.

I also really like this quote from the article: "It’s a get-rich-eventually scheme." How true!

The full article can be found at DRIPping your way to wealth page.

Happy DRIPping,

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Monday, June 21, 2010

John Heinzl's excellent article on income trusts

John Heinzl contributed an interesting article regarding income trusts to the June 18, 2010 edition of The Globe and Mail. In the column, he basically gives a state of the union update on income trusts and their conversions to corporations.

He describes the conversion process in the following statement: "As an income trust, a business can distribute its earnings to shareholders and thereby pay no tax. Concerned by what it described as tax leakage, the federal government announced that trusts would have to start paying taxes in 2011 (real estate investment trusts meeting certain conditions were excluded)."

He goes on to state: "Income trusts as we know them will largely be gone by the time a new trust tax kicks in next year. In their place will be a new category of stock that in some cases will be more attractive to some investors than trusts were."

"I’m calling it the high-yielding corporation," said Harry Levant, the independent analyst behind the website. “It’s a new beast that has come out of the income trust process and demand for income."

"At their peak, there were about 265 income trusts listed on the Toronto Stock Exchange. Takeovers and privatizations will reduce the total number of high-yield corporations to around 90, in Mr. Levant’s estimation."

The full article can be found at: A new investment beast: the high-yield corporation page.

Happy DRIPping,

Great prices on Brand New business books!

List of Canadian DRIPs & SPPs



DRIP? SPP? Discount? Minimum Maximum
Aberdeen Asia-Pacific Income Investment Company Limited FAP Y Y N $100/Month $20,000/Year
ACTIVEnergy Income Fund AEU.UN Y Y 5% $100 -
AGF Management Limited AGF.B Y N N N/A N/A
Agnico Eagle Mines Limited AEM Y Y 5% US$100 US$20,000/Year
Allied Properties REIT AP.UN Y N 5% N/A N/A
AltaGas Ltd. ALA Y Y 5% $1,000 $100,000/Month
ARC Resources Ltd. ARX Y Y 5% $500 $3,000/Month
Artis REIT AX.UN Y Y 4% $1,000 $10,000
Bank of Montreal BMO Y Y N - $40,000/Year
Bank of Montreal Exchange-Traded Funds (ETFs) - Y N N N/A N/A
Bank of Nova Scotia BNS Y Y 2% $100/Month $20,000/Year
Baytex Energy Corp. BTE Y N 5% N/A N/A
BCE Inc. BCE Y Y N - $20,000/Year
Bell Aliant Inc. BA Y Y N - $3,400/Month
Brompton Oil & Gas Income Fund OGF.UN Y Y 5% - -
Brompton VIP Income Fund VIP.UN Y Y 5% - $20,000/Year
Brookfield Asset Management Inc. BAM.A Y N N N/A N/A
Brookfield Office Properties Canada BOX.UN Y N N N/A N/A
Brookfield Properties Corp. BPO Y N N N/A N/A
Calloway REIT CWT.UN Y N 3% N/A N/A
Canadian Apartment Properties REIT CAR.UN Y N 5% N/A N/A
Canadian General Investments, Limited CGI Y Y N $100/Quarter $5,000/Quarter
Canadian REIT REF.UN Y Y 4% $250/Month $25,000/Year
Canadian Tire Corporation CTC Y N N N/A N/A
Canadian Western Bank CWB Y N N N/A N/A
Canexus Corporation CUS Y N 5% N/A N/A
Capstone Infrastructure Corporation CSE Y N N N/A N/A
Caribbean Utilities Company, Ltd. CUP.U Y N N N/A N/A
Cenovus Energy Inc. CVE Y N N N/A N/A
Cervus Equipment Corporation CVL Y N 5% N/A N/A
Chartwell Seniors Housing REIT CSH.UN Y N 3% N/A N/A
Churchill Corporation CUQ Y N 5% N/A N/A
CIBC CM Y Y 2% $100 $50,000/Year
Citadel Income Fund CTF.UN Y N N N/A N/A
Claymore Exchange-Traded Funds (ETFs) - Y N N N/A N/A
ClubLink Enterprises Limited CLK Y N 5% N/A N/A
Cominar REIT CUF.UN Y N 5% N/A N/A
COMPASS Income Fund CMZ.UN Y Y 5% $100 -
Corus Entertainment CJR.B Y N N N/A N/A
Crescent Point Energy Corp. CPG Y N 5% N/A N/A
Daylight Energy Ltd. DAY Y Y 5% $1,000 $100,000/Month
DDJ High Yield Fund HYB.UN Y N 5% N/A N/A
Dundee REIT D.UN Y Y 4% $1,000 $250,000/Year
Dundee International REIT DI.UN Y Y 4% $1,000 $250,000/Year
Eagle Energy Trust EGL.UN Y N 5% N/A N/A
Emera Inc. EMA Y Y 5% $25/Quarter $5,000/Quarter
Enbridge Inc. ENB Y Y 2% - $5,000/Quarter
Enbridge Income Fund Holdings Inc. ENF Y Y N $100/Month $1,000/Month
EnCana Corporation ECA Y N N N/A N/A
Energy Income Fund ENI.UN Y N N N/A N/A
Enerplus Corporation ERF Y Y N N/A N/A
EnerVest Diversified Income Trust EIT.UN Y Y N - $1,000/Month
EnerVest Energy & Oil Sands Total Return Trust EOS.UN Y Y N $100 $1,000/Month
Equitable Group Inc. ETC Y N N N/A N/A
Exchange Income Corporation EIF Y Y 3% $100 $10,000/Month
Extendicare REIT EXE.UN Y N 3% N/A N/A
Firm Capital Mortgage Investment FC Y Y N $250/Month $12,000/Year
Flaherty & Crumrine Investment Grade Fixed Income Fund FFI.UN Y Y 5% - -
Fortis Inc. FTS Y Y 2% $100/Quarter $30,000/Year
Freehold Royalties Ltd. FRU Y N N N/A N/A
Gibson Energy Inc. GEI Y N 3% N/A N/A
GMIncome & Growth Fund GMF.UN Y Y 5% $100 -
H&R REIT HR.UN Y Y 3% $250/Month $13,500/Year
Homburg Canada REIT HCR.UN Y N 3% N/A N/A
HOMEQ Corporation HEQ Y N 4% N/A N/A
Horizon Alpha Pro ETFs - Y N N N/A N/A
Husky Energy HSE Y N N N/A N/A
Imperial Oil Limited IMO Y Y N $50/Quarter $5,000/Quarter
Income Financial Trust INC.UN Y N N N/A N/A
INDEXPLUS Dividend Fund IDF.UN Y Y 5% $100 -
INDEXPLUS Income Fund IDX.UN Y Y 5% $100 -
Intact Financial Corporation IFC Y N N N/A N/A
Inter Pipeline Fund IPL.UN Y N 5% N/A N/A
InterRent REIT IIP.UN Y Y 4% $250 -
Just Energy Group JE Y Y 2% $500/Month $100,000/Year
Keyera Corp. KEY Y N 3% N/A N/A
Killam Properties Inc. KMP Y N 3% N/A N/A
Lanesborough REIT LRT.UN Y Y 4% $1,000 $10,000/Month
Liquor Stores N.A. Ltd. LIQ Y N 3% N/A N/A
Manitoba Telecom Services Inc. MBT Y Y 3% $100 $20,000/Year
Manulife Financial Corporation MFC Y Y 3% $100/Quarterly $250,000/Year
MCAN Mortgage Corporation MKP Y N N N/A N/A
Medical Facilities Corporation DR Y N N N/A N/A
MINT Income Fund MID.UN Y Y N $100 -
Morguard Corporation MRC Y N N N/A N/A
Morguard REIT MRT.UN Y N N N/A N/A
MOSAID Technologies MSD Y N N N/A N/A
Mulvihill Premier Canadian Income Fund PCU.UN Y N 5% N/A N/A
Mulvihill Top 10 Canadian Financial Trust TCT.UN Y N 5% N/A N/A
NAL Energy Corp. NAE Y Y 5% $1,000 $5,000/Month
National Bank of Canada NA Y Y N $500 $5,000/Quarter
Nexen Inc. NXY Y N 5% N/A N/A
Northland Power Inc. NPI Y N N N/A N/A
NorthWest Healthcare Properties REIT NWH.UN Y N 3% N/A N/A
Olympia Financial Group Inc. OLY-X Y Y N - -
Onex Corporation OCX Y N N N/A N/A
Parkland Fuel Corporation PKI Y N N N/A N/A
Partners REIT PAR.UN Y Y 3% $1,000 $12,000/Year
PATHFINDER Convertible Debenture Fund PCD.UN Y Y 5% $100 -
Pengrowth Energy Corporation PGF Y Y 5% - $1,000/Month
Penn West Exploration PWT Y Y 5% $500 $5,000
Phoenix Technology Services PHX Y N 5% N/A N/A
Plazacorp Retail Properties Limited PLZ-X Y N 3% N/A N/A
Potash Corporation POT Y N N N/A N/A
Precious Metals and Mining Trust MMP.UN Y N N N/A N/A
Primaris Retail REIT PMZ.UN Y N 3% N/A N/A
Progress Energy Resources Corp. PRQ Y N 5% N/A N/A
Provident Energy Ltd. PVE Y Y 5% $1,000 $100,000/Month
REIT INDEXPLUS Income Fund IDR.UN Y Y 5% $100 -
Retrocom Mid-Market REIT RMM.UN Y N 4% N/A N/A
RioCan REIT REI.UN Y Y 3.1% $250/Month $25,000/Year
Rogers Communications Inc. RCI.B Y N N N/A N/A
Royal Bank of Canada RY Y N N N/A N/A
Senior Gold Producers Income Corp GPC Y Y 5% - $20,000/Year
Shaw Communications Inc. SJR.B Y N N N/A N/A
Skylon Growth & Income Trust SKG.UN Y N N N/A N/A
Student Transportation of America Ltd. STB Y N 3% N/A N/A
Suncor Energy Inc. SU Y Y N $100 $5,000/Quarter
Sun Life Financial SLF Y Y 2% $100/Quarter $50,000/Year
Superior Plus Corp. SPB Y Y 5% $1,000/Month $20,000/Year
Telus Corporation T Y Y N $100/Month $20,000/Year
Thomson Reuters Corporation TRI Y N N N/A N/A
Timbercreek Mortgage Investment Corporation TMC Y N 5% N/A N/A
Tim Hortons THI Y Y N $25 $250,000/Year
Toronto-Dominion Bank TD Y N 1% N/A N/A
Torstar Corporation TS.B Y N N N/A N/A
TransAlta Corporation TA Y Y 3% - $5,000/Quarter
TransCanada Corporation TRP Y Y N $50/Quarter $10,000/Quarter
TransGlobe REIT TGA.UN Y N 3% N/A N/A
Triax Diversified High-Yield Trust TRH.UN Y N N N/A N/A
Troy Resources NL TRY Y N 5% N/A N/A
Valener Inc. VNR Y N 5% N/A N/A
Veresen Inc. VSN Y N 5% N/A N/A
Vermilion Energy Trust VET Y N 5% N/A N/A
Whiterock REIT WRK.UN Y Y 4% $250 -
Yellow Media Inc. YLO Y N 5% N/A N/A
YIELDPLUS Income Fund YP.UN Y Y 5% $100 -
Zargon Oil & Gas Ltd. ZAR Y N 5% N/A N/A

LEGEND: Company - name of company offering a Dividend Reinvestment Plan (DRIP); Company Hyperlink - click the link to view the plan details;
Symbol - company's stock ticker symbol; Symbol Hyperlink - click the link to view the current Globe Investor stock quote; DRIP - does the company have a DRIP?;
SPP - does the company offer a Share Purchase Plan (SPP) or Optional Cash Purchase Plan (OCP) which allows the user to purchase additional shares/units through the company's transfer agent?;
Discount - does the company offer a discount on the price of additional shares/units purchased through an SPP/OCP or through dividend reinvestment?;
Minimum - the minimum amount per SPP/OCP; Maximum - the maximum amount per SPP/OCP; Highlighted Row - company has an SPP/OCP