Canadian investors have discovered an unusual way to invest in Amazon that has paid a 14% dividend...
Which raises the obvious question:
How is it possible when Amazon has never paid a dividend?
After all...
Amazon is one of the world’s most profitable companies. It makes $2 billion a day.
Its business is so profitable in fact, that its shares have gone up 514% over the past decade.
Valued at $3 trillion, Amazon is also one of the world’s largest companies... with shares trading on exchanges in New York, Toronto, London, and Frankfurt.
On the New York Stock Exchange it trades under the symbol AMZN. In Toronto its symbol is AMZN.TO.
But what many investors don’t realize is that the Toronto exchange also offers another way to invest in Amazon that has nothing to do with buying its regular stock.
Instead, it’s hidden under a different ticker symbol that lets investors enjoy an additional benefit typically unavailable to traditional Amazon investors...
They’ve historically received large 14% dividends.
No tech company has ever rewarded investors with such generous payouts.
Most tech stocks pay very tiny dividends... if any at all.
Microsoft—one of the more generous tech companies to pay a dividend—pays just a tiny 1% dividend.
Even Amazon investors who invest in it the usual way—by buying its regular shares—are usually left out of these double-digit payouts.
But what makes that prior 14% dividend even more exciting, is that it isn’t just a one-time payment..
Nor is it paid quarterly the way most companies pay...
Instead, dividends are deposited into your account each and every month.