Canadian Dividend Reinvestment Plans (DRIPs): October 2011
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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,

Great prices on Brand New business books!

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,

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