05-07-2015, 02:14 PM
(05-05-2015, 07:11 PM)The Falcon Wrote:(05-05-2015, 08:29 AM)Roadmap2Retire Wrote: Welcome Falcon. Good to have someone from Australia here. I look forward to your input.
Ive been looking into some Aussie stocks recently considering theres a tax treaty between our counties (Canadian here) - couple that stand out as dividend growers are Westpac and BHP ...havent completed my research yet, but they are looking good as nice high yielders.
To keep things simple from a tax perspective, companies that issue fully franked dividends will not apply any foreign investor withholding tax. So BHP.AX and WBC.AX are fine in that regard. I might also point you to the large Listed Investment Companies (close ended funds), the largest (and cheapest MER - all 20bps or lower) are AFI.AX , ARG.AX and MLT.AX. They have all been listed a very long time (1928, 1946 and 1958 respectively) and focus on conservative management and a rising dividend stream. All dividends are fully franked. None of them cut dividends from a cps standpoint throughout the GFC. Stable dividend growth is their focus and their management style would be familiar and comforting to North American to DG investors.
Links ;
http://www.afi.com.au/
http://www.argoinvestments.com.au/
http://www.milton.com.au/
The key like with all close ended funds is trying to pick up below NAV.......these 3 LICs are very well supported and their share price will move between +/-5% of NAV over long periods. These are not dogs that historically trade at big discounts.
Also, if anyone wants research on ASX listed stocks I have access to quite a bit and happy to try to assist
Thanks for the feedback, Falcon. Gives me plenty to read up and research.