Published Thu, 02 Feb 2017 10:39:44 -0500 on Seeking Alpha
Have you thought about how foreign dividends affect your dividend income and its growth?
Since I'm a Canadian who earns foreign (mostly U.S.) dividends, I thought it would be a good exercise to explore if foreign dividends will really boost my income or income growth.
A similar exercise can be done for investors who reside in another country and invest for foreign dividends.
The majority of my foreign dividends are U.S. dollar-denominated.
These include companies which I can buy on the Toronto Stock Exchange, such as Brookfield Infrastructure Partners L.P.[TSX:BIP.UN](NYSE: BIP), Brookfield Renewable Partners L.P. [TSX:BEP.UN)(NYSE: BEP), Brookfield Property Partners L.P. [TSX:BPY.UN](NYSE: BPY) and Algonquin Power & Utilities Corp [TSX:AQN](NYSE: AQN), which yield 4.5%, 5.9%, 5% and 5.4%, respectively.
And also U.S.-based international companies or otherwise, including Pfizer Inc. (NYSE: PFE), Amgen, Inc. (Nasdaq: AMGN), Omega Healthcare Investors, Inc (NYSE: OHI), which yield 4%, 2.9% and 7.7%, respectively.
How does the foreign exchange rate affect my effective dividend income and its growth?
The effective dividend income I receive from my foreign dividends will fluctuate with the change in the strength of the U.S. dollar against the Canadian dollar. The change will also affect the effective income growth.
i) Effective dividend income
The effective dividend income I'll receive depends on the foreign exchange rate at the... Read more
|Stock name||Last trade||P/E||Earnings/Share||Dividend/Share||Dividend yield|
|OMEGA HEALTHCARE INVESTORS||25.48||51.0||0.50||2.64||10.06|
|BROOKFIELD INFRASTRUCTURE PARTNERS LP||40.34||0.0||-0.04||1.88||4.31|
Older articles featuring Omega Healthcare Investors (OHI):This Dividend Stock’s 10% Yield Is Growing
Top 2 Of 98 Dividend Achievers: Omega Health By Yield; TransMontaigne For Net Gains In March
Omega's 9.7% Yield: Despite 5 Huge Risks, It's Worth Considering
My Dividend Growth Portfolio - 42 Holdings, 5 Buys, 4 Sells
5%+ Dividend Yield Portfolio: Bought The Dip (Feb. 2018 Review)
My Dividend Growth Portfolio In 2018
IRA Portfolio 1 Year Buying-Selling Update And Now 5.8% Dividend Yield
Omega Healthcare: Looking For A Dividend Cut In 2019
Top 10 Dividend Contenders Cast 21.7%-36.1% Net Gains Per Broker February 1Yr. Targets
Is This Beloved High-Yield Blue Chip A Value Trap Or A Deep Value Opportunity?