Making Money Minute with Ron Hiebert - Dividend Growth

Dividend paying stocks are a wonderful thing. But companies, that can both, pay and grow their dividends over time - are even better. Like many Canadian investors, I have banks stocks in my portfolio that have been owned continuously for decades. This sector has amply rewarded us for our patience. Many of these bank shares have grown their dividends to a point where the yearly cash distribution per share is greater than the price originally paid for the shares in the first place. This is providing an annual cash return of 100% or more on the original investment, and that isn’t even including share price appreciation.

For more information listen to our Making Money podcast with Ron Hiebert and Graham Hicks at letsmakemoney.ca or CFCW.com.