Guardian fund re-opened
That’s good news because this is one of the best dividend funds around in terms of cash flow (though not total return). Also, it is a true dividend fund, with the bulk of the portfolio in preferred shares. There are also some royalty trusts in the mix to boost yields.
Monthly payout is 3.5c a unit. Recent returns have been slightly above average for the Dividend Income category, with a one-year gain of 15.4% to May 31 (Classic units). However, keep in mind that capital gains potential is limited because of the large percentage of preferred shares in the portfolio. Because of the tax-advantaged cash flow, units are best held outside a registered plan.