When Renato Anzovino surveys the dividend stock landscape, he sees plenty of fine companies – but not a lot of attractive prices. That would explain why the C.F.G. Heward Canadian Dividend Growth Fund he manages is sitting on a hefty cash balance of 8.5 per cent. “Of the stocks I follow, a lot of them are on the higher end of their valuation range, so it doesn’t lead me to rush in and buy,” said the portfolio manager with C.F.G. Heward Investment Management in Montreal. “I’ll just wait for some market pullbacks to deploy some of the excess cash that I have.”
Judging by the fund’s performance, his patient approach has paid off. From inception on June 30, 2009, through Dec. 31, 2011, the fund returned an annualized 10.26 per cent compared with 8.75 per cent for the S&P/TSX composite index. (Both results include dividends.) The fund’s return is before fees, which range from 1 per cent to 2 per cent depending on the amount invested and whether the fund was purchased directly or through a third party, he said.
Source: Globe and Mail
Related Articles:
- 4 Secrets To Finding The Best Dividend Stocks
- 7 Undervalued, Big-Name Stocks To Consider For Your Dividend Portfolio
- 5 Dividend Stocks In Need Of A Market Correction
- My Top And Bottom Performing Dividend Growth Stocks
- How To Build A Sustainable High Yield Portfolio
Dividend Growth Stocks News
- 3 Dividend Stocks Offering Yields From 3% To 4.9% - Yahoo Finance - 7/24/2025
- 3 Dividend Stocks to Double Up on Right Now - The Motley Fool - 7/24/2025
- 3 Dividend Stocks Beating the S&P in 2025 - MSN - 7/24/2025
- I Am Buying 5 Blue-Chip Dividend Stocks That Have Been Crushed in 2025 - 24/7 Wall St. - 7/24/2025
- 3 Top Dividend Stocks to Maximize Your Retirement Income - Yahoo Finance - 7/24/2025
- Chevron Corporation (CVX) Dividend Stock Analysis - 7/18/2025
- Emerson Electric Co. (EMR) Dividend Stock Analysis - 7/11/2025
- Amgen, Inc. (AMGN) Dividend Stock Analysis - 6/27/2025
- W.W. Grainger, Inc. (GWW) Dividend Stock Analysis - 6/20/2025
- Abbvie Inc. (ABBV) Dividend Stock Analysis - 6/13/2025
________________________________________________________________
Subscribe to:
Post Comments (Atom)
0 comments
Post a Comment
Post a Comment
Note: Only a member of this blog may post a comment.