I'm a big believer in investing in dividend companies.

I lucked out in December and bought a nice bit of National Bank at $25.02 so its almost a 10% tax preferred yield.

I also bought some Yellow pages trust at $6.33 for about a 18.5% yield

I also bought Pizza Delight (PDM.UN) trust at about $6.98 for a greater than 20% yeild.

I was looking at Liquor stores based on the same reasons as cousodor mentioned but I havent yet.

The globe and Mail have a great sort feature on trusts and it will sort them by yeild.

Here is the link: http://www.globeinvestor.com/v5/cont...

Just go to the trust filter and put in what minimum dividend you want to see and it will bring that up.

I would be diligent in learning about the sustainability of the dividend and the overall strength of the company. The high yield oil and gas trusts scare me as I believe they are all going to be doing major cuts to their distributions.

Certain food trusts will likely get hurt with the economic down turn more than others. I think Sir and Prime and examples that will see a decline because they are not low cost. Also, food inflation is likely to start to creep in. I picked pizza delight because its largely a maritime company and they have never really had a boom time so its not likley they will have a major down turn. I was also looking at A&W but thee yield wasnt as attractive.

Many people are concerned about trusts and what will happen in 2011. I believe a number will just remain high dividend corporations. Superior plus just converted to a corp with almost no impact on the stock price. The big bonus, if the dividend is mainitained, it will be at an extremely great tax rate vs a trust.

A cautionary note: I have been fooled by high dividends. I bought too much RBS last year based on the dividend and one analyst report. I am now down 98% on my investment and they dont have a dividend any more. I'm not sure what more research I could have done based on what has happened in that sector. It just goes to show one doesnt want to have to much of one company.

Regards

Ahead12