Every Sunday, I uncover a high-quality dividend growth stock that appears to be undervalued. These pieces are published at Daily Trade Alert, which is a site that focuses on dividend growth investing, stocks, and unique investment opportunities. I’ve been writing for them for years now, and they’re just great over there. Each week, I publish an excerpt of my work here, when it’s fresh off the press. This is your opportunity to check it out. The content is totally free. I hope you enjoy!
Living off of dividends.
Is it just a pipe dream?
It’s definitely not a pipe dream, but it can be a dream lifestyle.
But there’s a great way to go about it.
And many ways to not go about it.
Image courtesy of: Stuart Miles at FreeDigitalPhotos.net.
P.S. If you’re interested in achieving financial freedom in your life, particularly via dividend growth investing, check out some amazing resources I’ve personally used on my way to becoming financially free at 33!
I’ll be adding a new position in Eastman to my homemade dividend Index fund very soon! Thank you for the analysis.
3P
3P,
Sounds like a plan! 🙂
Cheers.
Very nice. Looks like a solid payer and 3% yield is nothing to sneeze at!
Good to see that it’s sales aren’t in one area specifically, throughout the world. Very nice, thanks for sharing.
BHL,
My pleasure to share.
Best regards.
I was thinking of buying some BNS, but was wondering if i would get hit up for extra taxes because i live the states. I do not want to pay taxes in two different countries (Canada, U.S.) What are your thoughts?
Dwayne,
Well, this isn’t related to the above article/stock. However, there are a couple ways to go about it.
You could hold the stock in a US retirement account (like an IRA or 401(k)). That would alleviate the 15% withholding from Canada.
Otherwise, you can hold the stock in a taxable account, receive the dividend less the 15%, and reclaim that payment via a dollar-for-dollar credit at tax time.
Cheers!