If you’re a U.S. citizen and you’ve been wanting to get into the Canadian markets but things were too expensive a year ago, or maybe you just don’t know enough about what’s available, I’ve got good news for you! This is a list of five income trusts that trade on the NYSE and which are currently paying high double-digit yields!!
Add to yields of 20% or more your 25% stronger dollar and you’ve got a return of almost 45%!
This is an opportunity you don’t want to miss, especially since experts agree the greenback will fall again when all the chips are in and the markets improve. So here’s the list. I’ve owned all of these at one time or another. Four oil and gas trusts, and one waste-management trust (a pretty good defensive play, since we always need waste management).
Arc Energy Trust (AET.UN) – currently paying about 15.60%!
Freehold Royalty Trust (FRU.UN) – currently paying about 19.5%!
Harvest Energy Trust (HTE.UN) – currently paying about 30.6%!! (Yes, a thirty percent yield!)
New Alta Income Fund (NAL.UN) – currently paying about 22.2%!
Pengrowth Energy (PGF.UN) – currently paying about 19.6%!
Not only are some of these names at a serious discount right now, but some, like Arc Energy, are extremely well-managed companies. Pengrowth was the first oil trust in Canada. These aren’t fly-by-nights. Do check them out more on your own. But these are my recommendations. Harvest Energy, for example, just announced they’re going to buy back some shares, so you’ll want to time your purchase accordingly.
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Don’t you absolutely love the stability of cash payouts in times like these? It’s reassuring to see dividends getting paid even when the share prices are getting beaten to a pulp.
I’ll have to check these out..
It is, it is… but there are always share/unit buybacks to watch out for.
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