3 Bargain Dividend Stocks for Your RRSP

RRSP dividendU.S. dividends received in non-registered or tax-free savings accounts will experience a 15% withholding tax.

So, the registered retirement savings plan (RRSP) is the best account to buy and hold discounted dividend stocks such as Wells Fargo & Co (NYSE:WFC), Amgen, Inc. (NASDAQ:AMGN), and American Hotel Income Properties REIT LP (TSX:HOT.UN).

Why is Wells Fargo a bargain today?

Wells Fargo is one of the largest banks in the U.S. The bank’s share price has declined more than 18% from its 52-week high of US$58 to below US$47 per share.  Read More…

This article has 6 Comments

  1. Bridger Maulsby

    Ahh so US dividends have 15% tax. Is that done by CRA or IRS?

  2. Zion D

    The 3 mentioned are solid picks but is this for someone who feels they are good for long term holds (5 years+)? Right now Amgen and the rest of the biotech sector is doing quite well but this may not be the same in 5 years.

  3. Freddie

    You could try norbert's gambit, @arnie. It's easy to do.

  4. Cristopher Stogdell

    I'm still bullish on Telus.

  5. Arnie

    Hmmm but then there is the issue about conversion of CAD to USD for Wells Fargo on NYSE. Any ideas to save since the dollar is trading quite low these days.

  6. Cortney Clemens

    Wow for Amgen with 11.7% annual. Although i've been told to not follow trends i am very tempted to buy some of this.

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