Opening and contributing to a registered retirement savings plan (RRSP) is a great way to set money aside for retirement, and dividend stocks are ideal investments for these accounts. With this in mind, let’s take a look at three with high and safe yields of 3-5% that you could buy right now.
1. Telus Corporation
Telus Corporation (TSX:T)(NYSE:TU) is Canada’s third-largest telecommunications company with approximately 12.44 million total customer connections, and it’s the country second-largest wireless carrier, its third-largest provider of Internet, and its third-largest provider of television services.
Telus is a great pick. I do recall back in the late 90s though when i also recommended Telus to a friend and it ended up sliding for a few years the moment i recommended it 🙁 I felt bad for my friend. He did stick it out and the stock did rise. He ended up with a nice profit and cashed out a while back.
I still hold a sizeable amount of these shares.
Uhh hate to break this to ya but this post is about dividend stocks. So whining that the picks aren’t what you want them to be is just foolish.
Why do such lists always have the compelling need to include natural gas/oil/mining stock in the list. Yes, i get it Canada is heavily dependent on such resources but still can we move into other sectors some times? (just harping on the inclusion of VNR).
You can’t just be putting in anything inside a registered account. It really depends on if it is a RRSP or a TFSA. Recall they are both registered. As in registered with the CRA. Since this article is recommending 3 TSX stocks then all is fine. If it had been US stocks then a different discussion would ensue.
Hmmm no mutual funds? I would think a diverse collection in one package would be the ideal approach.
The distributions are a bit thin to me. Has it always been at these rates for these selections? Or have they been higher?