Gold Running Higher As Does YRI Up 4.13% On Anonymous Accumulation

FP says Barrick, others have good prospects for growth

2010-09-13 08:56 ET - In the News

See In the News (C-ABX) Barrick Gold Corp

The Financial Post reports in its Saturday, Sept. 11, edition that not all dividend stocks are created equal. The Post's David Pett writes that dividend yields have become much more attractive than diminishing bond yields in recent months. Analysts say there is no substitute for stability and a history of sustained growth in a world where everyone is chasing yield. R.A. Floyd Capital Management manager Robert Floyd says: "It's just not enough to look at the current yield. You also need to look at the potential growth of the dividend down the line. That means looking at the balance sheet, the cash flow, the debt load of the underlying company and assessing any other concerns that might restrict its ability to pay out down the line." With government bond yields reaching record lows this summer, the hunt for yield has turned in the direction of dividend stocks, with high-yielding sectors like telecom, utilities and consumer staples garnering much of the attention. The list also includes several resource stocks, including Barrick Gold, Teck Resources and Yamana Gold. While yields on these stocks are low, hovering around 1 per cent, they promise the best prospects for growth.

YRI:TSX

House Positions for C:YRI from 20100914 to 20100914 House Bought $Val Ave Sold $Val Ave Net $Net 1 Anonymous 1,020,800 11,020,890 10.796 663,800 7,171,582 10.804 357,000 -3,849,308 33 Canaccord 148,370 1,606,687 10.829 30,535 329,619 10.795 117,835 -1,277,068 79 CIBC 1,092,005 11,808,222 10.813 979,590 10,586,610 10.807 112,415 -1,221,612 14 ITG 55,600 602,580 10.838 1,700 18,136 10.668 53,900 -584,444 27 Dundee 25,800 277,665 10.762 0 25,800 -277,665 123 Citigroup 15,400 163,542 10.62 0 15,400 -163,542 5 Penson 95,000 1,027,997 10.821 82,100 887,644 10.812 12,900 -140,353 75 MGI 10,000 108,500 10.85 0 10,000 -108,500 83 Mackie 8,000 87,040 10.88 0 8,000 -87,040 39 Merrill Lynch 109,618 1,162,435 10.604 104,156 1,103,955 10.599 5,462 -58,480 101 Newedge 31,500 338,404 10.743 28,200 306,575 10.871 3,300 -31,829 60 MF Global Can 66,200 715,849 10.813 64,000 692,178 10.815 2,200 -23,671 37 MacDougall 1,500 16,230 10.82 0 1,500 -16,230 65 Goldman 2,331 24,898 10.681 1,000 10,880 10.88 1,331 -14,018 16 Paradigm 540 5,859 10.85 0 540 -5,859 25 Odlum 300 3,252 10.84 0 300 -3,252 111 Fraser Mackenzie 25,600 272,623 10.649 25,300 272,481 10.77 300 -142 90 Barclays 300 3,174 10.58 0 300 -3,174 70 Manulife 157 1,708 10.879 0 157 -1,708 62 Haywood 10,000 107,900 10.79 10,000 108,700 10.87 0 800 57 Interactive 0 325 3,509 10.797 -325 3,509 95 Wolverton 0 400 4,356 10.89 -400 4,356 6 Union 0 700 7,553 10.79 -700 7,553 89 Raymond James 77,750 841,622 10.825 78,500 847,602 10.797 -750 5,980 58 Qtrade 3,500 37,960 10.846 5,390 58,339 10.824 -1,890 20,379 63 Byron 15,849 171,119 10.797 18,423 198,617 10.781 -2,574 27,498 11 MacQuarie 0 3,900 42,200 10.821 -3,900 42,200 43 Caldwell 0 7,000 75,090 10.727 -7,000 75,090 13 Instinet 0 7,600 82,005 10.79 -7,600 82,005 81 HSBC 1,700 18,277 10.751 11,100 120,729 10.876 -9,400 102,452 99 Jitney 76,400 828,668 10.846 91,300 987,988 10.821 -14,900 159,320 250 Infinium Capital 3,427 37,148 10.84 21,400 226,525 10.585 -17,973 189,377 72 Credit Suisse 5,400 58,437 10.822 26,900 290,377 10.795 -21,500 231,940 19 Desjardins 19,800 212,864 10.751 44,507 478,605 10.753 -24,707 265,741 15 UBS 195,450 2,100,317 10.746 225,200 2,429,462 10.788 -29,750 329,145 12 Wellington 19,600 213,052 10.87 49,700 537,118 10.807 -30,100 324,066 73 Cormark 49,200 531,424 10.801 89,000 966,540 10.86 -39,800 435,116 9 BMO Nesbitt 177,430 1,919,615 10.819 222,275 2,395,483 10.777 -44,845 475,868 124 Questrade 28,410 307,729 10.832 83,954 899,522 10.714 -55,544 591,793 2 RBC 34,885 375,007 10.75 98,252 1,062,586 10.815 -63,367 687,579 80 National Bank 225,700 2,439,981 10.811 291,500 3,154,297 10.821 -65,800 714,316 85 Scotia 124,600 1,352,244 10.853 245,124 2,657,249 10.84 -120,524 1,305,005 7 TD Sec 137,750 1,487,064 10.795 303,041 3,273,871 10.803 -165,291 1,786,807 TOTAL 3,915,872 42,287,983 10.799 3,915,872 42,287,983 10.799 0 0