Dividend income

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Dan,
No that GIC’s are paying a very low interest rate, I am looking for some safe dividend stocks to invest in. I am 82 years old and need dividend income to live on.

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Asked on July 28, 2025 1:24 pm
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Keep in mind equities are by no means "safe". Even the most reliable income stocks can have large drawdowns in excess of 30-40%. Look no further than something like BCE.

Ultimately, if you want safety, you have to be willing to give up yield. If you want higher yields, you have to be willing to take on the risk of owning equities and the volatility that comes with it.

So, if that is the case, that being you can accept the fact that equities could potentially bring on 30%+ drawdowns during bear markets, there are a lot of solid income stocks here in Canada.

If you're looking for a basket of stocks in a single click, I do believe VDY is a solid option. It owns around 60~ of the higher yielding companies here in Canada. It is heavily allocated to the financial and energy sectors, but that is because that is where most of our high yielders here in Canada come from.

If you want individual stocks, I'm happy to give you a list, but the thing is the bulk of the list I'd give you is featured in VDY. It's a rock-solid fund.

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Posted by Dan Kent
Answered on July 28, 2025 9:32 pm