Greetings from Downunder

[The Falcon]

Hello All,

Very happy to join the DGF community...there aren't too many places like this online. Coming from Australia where we have a dividend imputation system (whereby tax credits are attached to dividends for tax paid by the company - so no double taxation occurs in the hands of the shareholder) a very strong dividend culture exists with pretty high pay out ratios. Now, obviously there are pro's and cons to this. Regardless, I am very much a dividend growth investor with a focus on strong balance sheet, a history of paying rising dividends, management's capital allocation and taking a very long term view to investing.

I invest for our family trust and family superannuation funds and hold a reasonably diverse portfolio of Australian stocks and some US compounder stocks (BRKB,MKL,Y) and have recently established a position in JNJ. I will be continuing to accumulate US and International stocks in these accounts and have a pretty good watchlist for that purpose! (I missed PM recently and close to opening a position in CVX)

I look forward to participating

[rapidacid]

Excellent Falcon, welcome aboard. I'm looking forward to your unique perspective on ideas.

[Roadmap2Retire]

Welcome Falcon. Good to have someone from Australia here. I look forward to your input.

Ive been looking into some Aussie stocks recently considering theres a tax treaty between our counties (Canadian here) - couple that stand out as dividend growers are Westpac and BHP ...havent completed my research yet, but they are looking good as nice high yielders.

[Dividend Watcher]

Falcon, welcome to the forum! Nice to have some perspective from another part of the world.

[The Falcon]

(05-05-2015, 09:19 AM)Dividend Watcher Wrote: Falcon, welcome to the forum! Nice to have some perspective from another part of the world.

Thanks for the warm welcome guys. I'll post some detailed comments later

[The Falcon]

(05-05-2015, 08:29 AM)Roadmap2Retire Wrote: Welcome Falcon. Good to have someone from Australia here. I look forward to your input.

Ive been looking into some Aussie stocks recently considering theres a tax treaty between our counties (Canadian here) - couple that stand out as dividend growers are Westpac and BHP ...havent completed my research yet, but they are looking good as nice high yielders.

To keep things simple from a tax perspective, companies that issue fully franked dividends will not apply any foreign investor withholding tax. So BHP.AX and WBC.AX are fine in that regard. I might also point you to the large Listed Investment Companies (close ended funds), the largest (and cheapest MER - all 20bps or lower) are AFI.AX , ARG.AX and MLT.AX. They have all been listed a very long time (1928, 1946 and 1958 respectively) and focus on conservative management and a rising dividend stream. All dividends are fully franked. None of them cut dividends from a cps standpoint throughout the GFC. Stable dividend growth is their focus and their management style would be familiar and comforting to North American to DG investors.

Links ;

http://www.afi.com.au/
http://www.argoinvestments.com.au/
http://www.milton.com.au/

The key like with all close ended funds is trying to pick up below NAV.......these 3 LICs are very well supported and their share price will move between +/-5% of NAV over long periods. These are not dogs that historically trade at big discounts.

Also, if anyone wants research on ASX listed stocks I have access to quite a bit and happy to try to assist

[Kerim]

Welcome Falcon!

[Roadmap2Retire]

(05-05-2015, 07:11 PM)The Falcon Wrote:

(05-05-2015, 08:29 AM)Roadmap2Retire Wrote: Welcome Falcon. Good to have someone from Australia here. I look forward to your input.

Ive been looking into some Aussie stocks recently considering theres a tax treaty between our counties (Canadian here) - couple that stand out as dividend growers are Westpac and BHP ...havent completed my research yet, but they are looking good as nice high yielders.

To keep things simple from a tax perspective, companies that issue fully franked dividends will not apply any foreign investor withholding tax. So BHP.AX and WBC.AX are fine in that regard. I might also point you to the large Listed Investment Companies (close ended funds), the largest (and cheapest MER - all 20bps or lower) are AFI.AX , ARG.AX and MLT.AX. They have all been listed a very long time (1928, 1946 and 1958 respectively) and focus on conservative management and a rising dividend stream. All dividends are fully franked. None of them cut dividends from a cps standpoint throughout the GFC. Stable dividend growth is their focus and their management style would be familiar and comforting to North American to DG investors.

Links ;

http://www.afi.com.au/
http://www.argoinvestments.com.au/
http://www.milton.com.au/

The key like with all close ended funds is trying to pick up below NAV.......these 3 LICs are very well supported and their share price will move between +/-5% of NAV over long periods. These are not dogs that historically trade at big discounts.

Also, if anyone wants research on ASX listed stocks I have access to quite a bit and happy to try to assist

Thanks for the feedback, Falcon. Gives me plenty to read up and research.