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  5. BNS: I bought BEPC (not BEP. [Bank of Nova Scotia (The)]

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Q: I bought BEPC (not BEP.UN - I have concern about the potential tax/withholding issues in the US) about 2 weeks ago, and am up about 26% in short order. Bought it because it appeared under valued and had an almost 6% dividend. Due to the recent gains, the dividend is now down closer to 5%, which can be had with some other utility or even some bank stocks. What do you think - take the gain and go home (this is in an RRSP, so no tax implications), or do you see further gains, no doubt more modest. I do have a small position in BNS, and would consider moving the proceeds to it. How would you compare the potential for gains between these two, the safety of dividend, and general safety of principal.
Thank-you
Asked by grant on May 06, 2024
5i Research Answer:
BEPC is a Canadian corporation and has no withholding taxes in any account. The gains come from...
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