I also own a Canroy--HTE (Harvest Energy Trust). It is currently yielding about 16.9% or about Can$0.38/share monthly. What is particularly enticing about this stock is that the payout ratio is around 67%, which means that for a Canroy they're reinvesting plenty in the underlying business, and there's also the potential for increasing the dividend.
No Canroy is worth investing in if you're doing your own taxes or if you can't afford to put in a substantial sum, though. You have to file a whole bunch of forms to get the 15% Canadian withholding back.
What's the payout ratio for PGH? I look for Canroys with payout ratios <75%.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.