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Posts Tagged ‘NYSE’

New York Stock Exchange

Some claim that your birth certificate is a security instrument traded on a stock exchange.

In the case of an Ontario birth certificate, some point to the mention of “CANADIAN BANK NOTE” on it.

At first glance, that would seem to be clear evidence of it being a bank note.

However, a simple search comes up with the website for the company, “Canadian Bank Note Company, Limited.”

From their Identification Systems / Documents page:

Canadian Bank Note’s identification documents portfolio includes Civil Registry certificates such as birth, marriage, and death certificates.

Therefore, the mention of “CANADIAN BANK NOTE” isn’t a reference to the birth certificate being a Canadian bank note, but to the company of the same name that prints it.

If Ontario’s birth certificates are being traded on a stock exchange such as the NYSE, as some allege, then we should expect to find mention of them in the filings for the province of Ontario in the United States Securities and Exchange Commission’s Company Search database.

From the filings for the province of Ontario (CIN: 0000074615), we should expect to find mention of that in the annual reports or prospectuses. A further search turned up no such evidence.

But even before going this far in the investigation, the fact that some are claiming that a note is being traded on a stock exchange shows that they don’t know the difference between a stock and a note, and therefore, their entire claim is dubious from the very beginning. Stock exchanges trade shares in the stock of a company, not notes, which are debt instruments.

For the claim that Canada is a corporation, see my article, SEC Company Search shows Canada, but not as a corporation.

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Most companies don’t pre-announce their dividends for the coming year, but BCE (NYSE:BCE and TSE:BCE) is one company that does.

From their Dividend Dates page:

Dividend Policy
Below is a schedule of dates for 2010. Payments are subject to approval by the Board of Directors.

Which goes on to list the pre-declared, though not guaranteed, quarterly dividends for 2010.

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All traded on the NYSE:

Physical holding funds:
CEF – Central Fund of Canada (founded 1961)
GTU – Central Gold Trust (founded 2003)
PHYS – Sprott Gold (founded February 2010)

Exchanged Traded Funds (ETFs):
GLD – SPDR Gold ETF (founded 2004)
IAU – iShares Gold ETF (founded 2005)
SLV – iShares Silver ETF (founded 2006)
PPLT – ETFS Physical Platinum Shares ETF (founded January 2010)
PALL – ETFS Physical Palladium Shares ETF (founded January 2010)

Purchase company:
SLW – Silver Wheaton Corp. (founded 2005)

It should be noted that serious questions have been raised about the reliability of the GLD, IAU and SLV ETFs, and they may be big bubbles waiting to burst, unlike the physical holding funds, especially CEF, with its 49-year track record.

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The Big Five Canadian banks and their stocks: Royal Bank of Canada (RY), Toronto-Dominion (TD), Bank of Nova Scotia (BNS), Bank of Montreal (BMO) and Canadian Imperial Bank of Commerce (CM), have been paying common dividends since the 1800s.

BMO, Scotiabank, TD, CIBC, and RBC haven’t missed paying dividends on common shares since 1829, 1832, 1857, 1868, and 1870, respectively.

That is, through WWI, WWII, the Great Depression, all the U.S. and international financial crises, and with and without a central bank.

As of June 30, 2010 prices on the NYSE, their annual dividends are:
RY 3.80%, TD 3.40%, BNS 3.90%, BMO 4.70%, CM 4.90%

Whereas the big five U.S. banks (JP Morgan, Bank of America, Wells Fargo, Citigroup and Goldman Sachs)  are only paying:
JPM 0.50%, BAC 0.30%, WFC 0.70%, C 0%, GS 1.00%

They are also listed on the Toronto Stock Exchange, so you can buy in Canadian dollars to hedge against a declining USD, when appropriate.

In February 2009, I wrote how the Big Five Canadian banks were on pace to dwarf the five biggest U.S. banks, with the the five biggest U.S. banks having twice the market capitalization of the five biggest Canadian banks, despite the U.S. economy being nine times the size of the Canadian economy.

As of the end of June 2010, the five biggest U.S. banks are still less than three times the market capitalization of the five biggest Canadian banks.

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Pengrowth Energy Trust (NYSE: PGH) shows a monthly dividend of $0.066 USD per unit on May 27, 2010.

Their May 20 press release, linked to from Yahoo Finance, states that the dividend declared on May 27 will be paid on June 15. Therefore, if you want to find out the date the declared dividend will be paid, you have to look at the press releases or elsewhere.

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American International Group (AIG), bailed out by the U.S. government in September 2008, provided a great return on investment for its primary shareholder, from August to September, 2009.

This may prove to be the biggest increase of all non-penny stocks in 35 or fewer trading days this year.

On August 4, it went from a low of $12.97 to a high of $54.40 on September 22 — a 319% increase over 35 trading days.

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How the mighty have fallen.

In 2007, Citigroup was the world’s biggest bank with a market capitalization of over $300 billion.

Yesterday, on March 5, 2009, their stock traded on the NYSE at 97 cents a share, representing a 98% drop since its height of $55.55 a share on May 18, 2007.

Bigger isn’t necessarily better. The bigger they are, the harder they fall, and Citigroup has fallen hard indeed.

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