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Posted: 07-10-2019
Description:
If you made a $1 million investment in this pool 10 years ago and took out $50,000 a year in income, for a total of $500,000, you’d still have more than $1 million remaining today. We believe the best businesses reinvest in themselves and pay their owners a large and growing dividend stream. For example, we own Scotiabank, which recently acquired two Canadian asset management firms, and pays a dividend yield of 4.9 per cent.
Since 2014, our bonds in this pool have returned an average of 5.2 per cent, outpacing the benchmark in four of the five years.
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