Dividend stocks make cash payouts that serve as a way for companies to share the wealth they’ve accumulated. These payouts are drawn from earnings and cash flow and paid to the shareholders of the company. Typically, these dividends are paid quarterly, although they may be paid annually or even monthly as well.
Dividends can produce as much as a third of your total return over long periods, and you can even retire on dividends.
There are 4 key stock dividend dates that are involved with dividend payments:
1- The Declaration Date is several weeks in advance of a dividend payment—it’s when company’s board of directors sets the amount and timing of the proposed payment.
2- The Payable Date is the date set by the board on which the dividend will actually be paid out to shareholders.
3- The Record Date is for shareholders who hold the stock before the payable date and receive the dividend payment. That date is set any number of weeks before the payable date.
4-The Ex-Dividend Date is two business days before the record date and it’s when the shares begin to trade without their dividend. If you buy stocks one day or more before their ex-dividend date, you will still get the dividend. That’s when a stock is said to trade cum-dividend. If you buy on the ex-dividend date or later, you won’t get the dividend. The ex-dividend date is in place to allow pending stock trades to settle.
We think very highly of stocks that have been paying dividends for five or more years, at TSI Network. Many of these stocks fit in well with our three-part Successful Investor philosophy:
1- Invest mainly in well-established companies;
2- Spread your money out across most if not all of the five main economic sectors (Manufacturing & Industry; Resources & Commodities; Consumer; Finance; and Utilities);
3- Downplay or avoid stocks in the broker/media limelight.
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BCE INC. $37 (www.bce.ca) remains a buy. The telecom provider is now paying $3.65 billion U.S. for Ziply Fiber, which sells high-speed Internet access and telephone services through a fibre-optic network to residential and business customers in four northwestern U.S states. To help cover that cost, BCE is… Read More
FORTIS INC. $61 is a buy. The company (Toronto symbol FTS; Conservative & Income Portfolios, Utilities sector; Shares outstanding: 495.2 million; Market cap: $30.2 billion; Price-to-sales ratio: 2.7; Dividend yield: 4.0%; TSINetwork Rating: Above Average; www.fortisinc.com) is the main supplier of electrical power in Newfoundland and PEI. It… Read More
The shares of these two utilities continue to rise, mainly because falling interest rates make their high dividend yields more appealing to income-seeking investors. As well, their new projects will give them even more room for dividend hikes.
CANADIAN UTILITIES LTD. $36 is a buy. The company (Toronto… Read More
POWER CORP., $47.27, is a buy. The conglomerate (Toronto symbol POW; Shares outstanding: 590.9 million; Market cap: $30.2 billion; Rating: Above Average; Dividend yield: 4.8%) holds controlling stakes in Canadian financial services firms Great-West Lifeco (insurance) and IGM Financial (mutual funds). It also owns 16.5% of the Belgian holding… Read More
TELUS, $22.07, is a buy. The company (Toronto symbol T; Shares outstanding: 1.5 billion; Market cap: $33.1 billion; TSINetwork Rating: Above Average; Dividend yield: 6.8%; www.telus.com) has 13.61 million wireless subscribers across Canada. It also sells landline phone, Internet, TV, and security services in B.C., Alberta, and eastern Quebec.
With… Read More
With their clean, renewable power, these two companies have strong conceptual appeal for investors. But just as important is their mix of hydroelectric, wind and solar power. That diversity, along with their long-term contracts, provides stable cash flows. It also lets these utility firms continue… Read More
PRIMARIS REIT, $16.28, is a buy. The trust (Toronto symbol PMZ.UN; Units outstanding: 100.2 million; Market cap: $1.6 billion; TSINetwork Rating: Average; Yield: 5.2%; www.primarisreit.com) owns 38 enclosed and open air shopping malls in Canada, totalling 13.4 million square feet. The occupancy rate is 94.8%.
Primaris’s properties include its… Read More
The last couple of years, higher interest rates increased the appeal of bonds and hurt that of REITs. Still, with rates now falling, Choice Properties and RioCan remain excellent ways for investors to earn high, steady income. We see both as buys.
CHOICE PROPERTIES REIT, $13.94, is… Read More
MANULIFE FINANCIAL, $45.41, is a buy. The company (Toronto symbol MFC; Shares outstanding: 1.8 billion; Market cap: $79. billion; TSINetwork Rating: Above Average; Dividend yield: 3.5%; www.manulife.ca) will see president and CEO Roy Gori retire in May 2025, with Phil Witherington then succeeding him.
After he steps down, Gori will… Read More
Most of Pembina’s pipelines operate under long-term contracts. That helps lower the company’s risk in today’s uncertain economy. That also results in a high, sustainable dividend yield for shareholders. At the same time, the dependable income bolsters the stock’s appeal and supports its share price.
PEMBINA… Read More
The shares of these two utilities has moved up in 2024, as falling interest rates cut the costs of their new projects. That bodes well for future dividend hikes. However, we still prefer Alliant for your new buying due to its lower reliance on coal.
ALLIANT… Read More
You Can See Our Conservative-Growth Dividend Payer Portfolio for December 2024 Here.
You can’t fake a record of dividends. That’s why we place a high value on a sustained history of dividend payments. When you’re looking for income-producing stocks, a high dividend yield should also be… Read More
STANLEY BLACK & DECKER INC. $90 is a buy. The company (New York symbol SWK; Conservative Growth Payer Portfolio, Manufacturing & Industry sector; Shares outstanding: 154.2 million; Market cap: $13.9 billion; Dividend yield: 3.6%; Dividend Sustainability Rating: Above Average; www.stanleyblackanddecker.com) is one of the world’s largest makers of hand… Read More
Consumer-products-giant Procter & Gamble continues to benefit from its 2014 plan to unload about 100 of its slower-growing products and focus on a more manageable 65 brands. Its strong commitment to improving quality also helps it compete with cheaper generic brands and drive its earnings… Read More
POWER CORP. OF CANADA $47 is a buy. The conglomerate (Toronto symbol POW; Conservative-Growth Dividend Payer Portfolio, Finance sector; Shares outstanding: 646.3 million; Market cap: $30.4 billion; Dividend yield: 4.8%; Dividend Sustainability Rating: Above Average; www.powercorporation.com) holds controlling stakes in Canadian financial services firms Great-West Lifeco (insurance) and IGM… Read More
MOLSON COORS CANADA INC. is a hold. The brewer (Toronto symbols TPX.A $89 and TPX.B $87; Conservative Growth Payer Portfolio, Consumer sector; Shares o/s: 206.0 million; Market cap: $17.9 billion; Dividend yield: 2.9%; Dividend Sustainability Rating: Average; www.molsoncoors.com) last raised your quarterly dividend with the March 2024 payment by… Read More
NORTH WEST COMPANY $52 is a buy. This retailer (Toronto symbol NWC; High-Growth Payer Portfolio, Consumer sector; Shares outstanding: 47.7 million; Market cap: $2.5 billion; Dividend yield: 3.1%; Dividend Sustainability Rating: Above Average; www.northwest.ca) sells food and everyday products and services at 229 stores, mainly in northern communities across… Read More
These two leading retailers continue to cut their selling prices. That continues to spur customer traffic and to lift their earnings. Moreover, both have long histories of annual dividend hikes.
LOBLAW COMPANIES LTD. $181 is a buy. This retail giant (Toronto symbol L; Conservative-Growth Dividend Payer Portfolio, Consumer… Read More
These tech leaders are spending heavily on new plants and other facilities. While that has hurt their earnings growth, the investments set the stage for stronger growth over the next few years—and higher dividends.
MICROSOFT CORP. $423 is a buy. The software giant (Nasdaq symbol MSFT; High-Growth Dividend… Read More
BROADRIDGE FINANCIAL SOLUTIONS INC. $236 is a buy. The company (New York symbol BR; High-Growth Payer Portfolio, Finance sector; Shares outstanding: 116.9 million; Market cap: $27.6 billion; Dividend yield: 1.5%; Dividend Sustainability Rating: Above Average; www.broadridge.com) is best known for processing and distributing proxies and regulatory filings.
Broadridge has raised… Read More
