Author Topic: Canadian Prefs  (Read 35868 times)

no_free_lunch

  • Hero Member
  • *****
  • Posts: 1455
Re: Canadian Prefs
« Reply #110 on: June 24, 2019, 11:26:31 AM »
I like the core BAM preferred's.  There are higher up the chain as best I can tell so more diversification and safety on the dividend.  In particular I am looking at BAM.PR.S right now.  It gets adjusted quarterly, for better or worse and currently yields close to 7%.   It would have to rise 50% to get back to it's high water mark in early 2018.   Obviously that could take years (or a few months) but getting 7% (give or take) while you wait is not bad.  The main risk is that we get into a europe type situation and the government yields drop down to near 0.  However, you would still be getting 5%+ and that would be a good dividend in a 0 rate world, as long as brookfield can survive.