Best Stock to buy in June, My top 3 picks with a strategy

Hi and welcome to Passive income

So we just finished our first quarter of 2021. Most banks and companies submitted their quarter revenue reports. It is the best time to restructure our portfolio.

I got a list of companies in this video that are paying more than 4% dividends.

Remember this is just suggestions, not financial advice. And I mainly concentrate on a company on basis of dividend yield.

So they may or may not have a future growth-oriented.

A Q N -   ALGONQUIN POWER & UTILITIES CROP 4.4% Ex-dividend date June 29th

Great west lifeco 4.8% Ex-dividend date June first

B C E -Bell telecommunication 5.8% Ex-dividend date June 14th

Intact Financial Crop preferred share f series 5% Ex-dividend date June 14th

Topaz Energy Corp 5% Ex-dividend date June 14th

MCAN Mortgage Crop 7.7% Ex-dividend date June 14th

Canadian Natural Resources ltd 4.2% Ex-dividend date June 17th

CIBC 4% Ex-dividend date June 25th

Power Corporation of Canada 4.5% Ex-dividend date June 29th

KP tissue 7% Ex-dividend date June 29th

Melcor Real Estate investment 5.9% Ex-dividend date June 29th

Input capital crop 4.5% Ex-dividend date June 29th

in the list, I didn't mention famous stock like Telus, Enbridge, or Fortis is just because everyone knows it very well.

I want to show you the unsung hero stocks like KP tissue which pays 7 % and the Melcor Real Estate investment paying nearly 6%.

my top 3 picks for the June dividend stocks are 

I N P - input capital corporation selling at 87 cents per share,

follow by Melchor real estate selling at $7.25 and finishing with

KP tissue selling at 10.31 at the time of recording this video

Let's check what 100$ will do with each of the stock

Input  @ the price of .87  cents gives us 113 shares result in one dollar 13 cents as dividend per quarter 4.52 per annum

Melchor @ the price of $ 7.25 gives 13 shares result in 45 cents as dividend per month gives 5.46 per annum

KP tissue  @ the price of $10.31 gives 9 shares which pay 1.62 cents per month give 6.48 per annum

If you are in for the long term say 5 plus years you will earn more on input capital corporation compared with others if the dividend is reinvested as D R I P.

The reason is, the low price of the share allows us to buy back it in D R I P and play like compound interest every time by adding 5 to 6 stock a year. 

Will explain in the next post with all the details. 

So stay tuned to share this video with your friends and family

Happy investing 

Bye for now