Wednesday, March 30, 2022

Banks and Distributions

 


Since 2022 rang in, I've been adding 'quarterly' paying dividend stocks from the BTSX, or beat the TSX (Toronto Stock Exchange) and this plan is featured on Matt's Dividend Strategy


It's basically about holding the top 10 stocks in the TSX that pay distributions by the highest yields. This strategy can also be applied to the US, S&P 500.


My plan is to fill in every month of the year with quarterly paying dividend stocks where cash dividends will supplement my income in the future. However, living expenses don't wait for every 3 months of course, due monthly. So, my main focus is funding 'monthly' paying dividend stocks, ETF's and Funds.


In addition to the BTSX, there are the top Banks in Canada I mentioned in my last post and they pay consistent dividends that increase over time to holders of their stock. It's ideal to hold these individually and that then results in no management fees that come with an ETF that holds them all. 


Doing some research and seeking low management fees in an ETF, there are some decent ones out there that pay monthly and with growth as well when it comes to value over time. Here is a good video explaining choices from Stocktrades.ca

https://www.youtube.com/watch?v=Aon0AC_vqiE


In addition, one of my fav's I hold is SBC, or Brompton Split Banc Corp. from the folks at Brompton Funds. It holds the top 6 banks plus an ETF that contains US Banks and financials. The monthly distribution had been steady since I have owned it.


Winding up for today, the BTSX strategy is somewhat similar to the top coins in the crypto world I watch but with no cash distribution of course. However, there are sites that will pay you interest for holding them on an APY bases. Depending on the site, interest is paid daily, a couple times a week, weekly or monthly. 


By doing a Google search with for example ... crypto coins and APY. the results will bring up information about all that.


 


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