10-16-2019, 08:33 PM
Welcome to the forum!
I can't comment on your individual Canadian stocks. Dividend payout % should be appropriate for the sector and the the specific equity type. A closed end fund, preferred stock or an energy common stock may have a big dividend and all is well. An S&P 500 port with an average yield of 6% is likely trouble, sooner rather than later. It has to be sustainable or you will incur a large and sudden loss of capital when they cut or eliminate the dividend. Here we tend to focus on companies that grow the dividend, and start out with something at least reasonable close to market average for a comparable stock. There are exceptions of course.
I can't comment on your individual Canadian stocks. Dividend payout % should be appropriate for the sector and the the specific equity type. A closed end fund, preferred stock or an energy common stock may have a big dividend and all is well. An S&P 500 port with an average yield of 6% is likely trouble, sooner rather than later. It has to be sustainable or you will incur a large and sudden loss of capital when they cut or eliminate the dividend. Here we tend to focus on companies that grow the dividend, and start out with something at least reasonable close to market average for a comparable stock. There are exceptions of course.