The right vehicle for U.S. investing

U.S. dividend stocks offer some interesting possibilities for income-seeking investors, and now’s an opportune time to buy them because the Canadian dollar is at parity with the U.S. buck. But what’s the right investing vehicle for the likes of AT&T, Merck, Johnson & Johnson, Intel and McDonald’s, all of which yield more than 3.3 per cent?

We’ll start with U.S. dividend stocks or dividend-focused exchange-traded funds that you plan to hold for the long term in order to generate investment income. The first thing you need to know is that you’ll have to do without the dividend tax credit that makes dividends from Canadian companies so attractive when received in taxable accounts.

Source: Globe and Mail

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