The Rising Influence of Rising Affluence

[DewDiligence]

PCL—Is this still one of your "top stocks"?

Yes, absolutely.

I am assuming that the dividend is still intended to be a capital gains distribution.

Correct. This has always been the case as long as I’ve owned the stock (which is a long time, dating back to the 1990s, before the merger with Georgia Pacific’s spin-off).

My comfort level on this particular stock is only about a 10% drawdown from entry and any comments on the value proposition if the economy struggles would be helpful.

PCL could conceivably drop 10% or more in a bear market, but it’s probably the safest stock I know of in the long term.