12-14-2021, 04:29 PM
(12-14-2021, 02:46 PM)rnsmth Wrote:(12-14-2021, 01:30 PM)crimsonghost747 Wrote: I do not hold CSCO so I can't really comment on that part of the trade.
Nor do I know SNA. But I do like WEC/LMT/RY.
You did mention that you don't have RY, do you have any Canadian banks? If not then I would indeed recommend grabbing one, it doesn't get much better when it comes to dividend safety in the financial sector. And with interest rates finally starting to go up banks should profit nicely from that.
JNJ/PEP also both at the 2.5% mark, if that is high enough for you then I can't see how it could go wrong long-term with either of these.
Looks like you could pretty easily indeed get both more dividends right now and higher dividend growth without taking on much, if any, additional risk.
There is always the option of not selling all of your CSCO, you could leave half and move the other half to a mix of better div payers / higher div growers according to your preference.
I own two Canadian banks, CM and TD. I also own JNJ and PEP and do not need any more of them. Their dividend growth is nothing to party about, but they are solid, core companies in our account.
Thanks
Good choices there, I also chose CM and TD for my portfolio. CM has been there forever, TD is a newer addition.
Hmm.. trying to think of some other options here. From what I understand you are looking for something with their yield still in the 2%+ range?
BIP has a good mix of yield and growth. It's a bit complicated though and I'm not sure if you need to consider tax stuff as I believe they are domiciled in Bermuda or another one of those tiny islands. But it is a great company.
I think you are in a good position, since with what you have now you could probably even add a growthier stock into the mix and still come out with more yield than what CSCO is giving you. Again, I don't know CSCO well enough to comment on the thought of selling it, but if you can grab a higher current yield and higher expected dividend growth then that does sound like a win-win situation.