In a previous post on The Dividend Pig, I discussed opportunity in the Canadian mining sector.
As I discussed in that post, many investors overlook mining stocks as dividend growth companies, because of their lower dividend yields. Yet these are “dividend growth” companies many with strong balance sheets. They have recently raised their dividends, and have more potential for share price increase. Take Potash Corp. (POT) as an example which recently raised its dividend by a whopping 33%! In that post I specifically discussed Barrick Gold (ABX), Goldcorp (G), Potash Corp. (POT), and Teck Resources (TCK.B). As mentioned, Teck and Potash were at the top of my shopping list.
The Gold Selloff, Market Corrections, and Panic Selling
On Monday morning April 15th, I noticed the TSX Composite Index was down some -321 points (- 2.7%). Of course markets have had a good run-up since June 2012. Both the DOW and TSX advanced to their 2013 highs. ...