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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Fee income at these two firms rises and falls with the value of the mutual funds and other securities they manage. Today’s rising stock market has pushed up their earnings, at the same time it helps to support their high yields.
IGM FINANCIAL INC. $47 is… Read More
BROOKFIELD RENEWABLE PARTNERS L.P. $37 is a buy. The partnership (Toronto symbol BEP.UN; High-Growth Dividend Payer Portfolio, Utilities sector; Units outstanding: 659.2 million; Market cap: $24.4 billion; Distribution yield: 5.4%; Dividend Sustainability Rating: Above Average; www.bep.brookfield.com) owns 239 hydroelectric generating stations, 230 wind farms, 226 solar facilities, and 7,211… Read More
These two REITs continue to add quality properties to their portfolios. They also continue to renew expiring leases at higher rental rates. That extra cash flow should help them keep raising your distributions.
CHOICE PROPERTIES REIT $14 is a top pick for 2024. Canada’s biggest REIT (Toronto symbol… Read More
PIZZA PIZZA ROYALTY CORP. $13.28 (Toronto symbol PZA; Shares outstanding: 32.9 million; Market cap: $436.9 million; Dividend yield: 7.0%; www.pizzapizza.ca) holds certain trademarks and trade names used by Pizza Pizza restaurants in Canada.
Those exclusive names are licensed to Pizza Pizza for 99 years. In return, it pays… Read More
Starting in 2011, telecom Telus began rewarding its shareholders with twice yearly dividend increases. Under the current version of the plan, the company committed to increasing the annual rate by between 7% and 10% from 2023 through the end of 2025.
More dividend increases beyond 2025… Read More
TC ENERGY INC. $68 (www.tcenergy.com)is a buy. On October 1, 2024, the company completed the spinoff of its oil pipeline business as South Bow Corp. (see below). Investors received 0.2 of a South Bow share for every TC share they held. The remaining firm operates natural gas… Read More
RIOCAN REAL ESTATE INVESTMENT TRUST $19 is a buy. The REIT (Toronto symbol REI.UN; Aggressive Growth Portfolio, Manufacturing & Industry sector; Units outstanding: 300.4 million; Market cap: $5.7 billion; Price-to-sales ratio: 4.9; Distribution yield: 5.8%; TSINetwork Rating: Average; www.riocan.com) owns all or part of 186 shopping centres and… Read More
ENBRIDGE INC. $60 is a buy. The company (Toronto symbol ENB; Conservative Growth and Income Portfolios, Utilities sector; Shares outstanding: 2.2 billion; Market cap: $132.0 billion; Price-to-sales ratio: 2.6; Dividend yield: 6.1%; TSINetwork Rating: Above Average; www.enbridge.com) operates pipelines that pump oil and natural gas from Western Canada… Read More
TELUS CORP. $22 is a buy. The telecom provider (Toronto symbol T; Conservative Growth and Income Portfolios, Utilities sector; Shares outstanding: 1.5 billion; Market cap: $33.0 billion; Price-to-sales ratio: 1.6; Dividend yield: 7.3%; TSINetwork Rating: Above Average; www.telus.com) has 13.61 million wireless subscribers across Canada. It also sells… Read More
TD BANK, $78.77, is a #1 Buy for 2024. The lender (Toronto symbol TD; Shares o/s: 1.7 billion; Market cap: $137.7 billion; TSINetwork Rating: Above Average; Dividend yield: 5.2%; www.td.com) has now agreed to a final settlement, including a fine of $3.09 billion U.S., due to lapses in anti-money… Read More
BROOKFIELD RENEWABLE PARTNERS L.P., $35.19, is a buy. The partnership (Toronto symbol BEP.UN; Units outstanding: 646.0 million; Market cap: $23.3 billion; TSINetwork Rating: Extra Risk; Dividend yield: 5.5%; www.bep.brookfield.com) is set to acquire a 12.45% stake in four operational U.K. offshore wind farms from Ørsted, marking its first investment… Read More
BCE INC., $40.06, is a buy. The company (Toronto symbol BCE; Shares o/s: 912.3 million; Market cap: $36.6 billion; TSINetwork Rating: Above Average; Dividend yield: 10.0%) will now use the $4.2 billion in proceeds from the sale of its 37.5% stake in Maple Leaf Sports and Entertainment (MLSE)… Read More
Enbridge has just completed the acquisition of three U.S. natural gas utilities from Dominion Energy. Big purchases like these add risk, but rate-regulated businesses generate predictable cash flows, which the company can use to pay down the debt it takes on to fund their purchase… Read More
You Can See Our Income-Growth Dividend Payer Portfolio for November 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
ROYAL BANK OF CANADA $173 is a buy. The bank (Toronto symbol RY; Income-Growth Payer Portfolio, Finance sector; Shares outstanding: 1.4 billion; Market cap: $242.2 billion; Dividend yield: 3.3%; Dividend Sustainability Rating: Highest; www.rbc.com) is Canada’s largest chartered bank by market cap. It’s also one of the world’s top… Read More
Networking equipment maker Cisco recently acquired Splunk, which specializes in cybersecurity software. The purchase will improve its hardware products, and let it tap Splunk’s expertise in the rapidly growing field of artificial intelligence (AI) software.
CISCO SYSTEMS INC. $56 is a buy. The company (Nasdaq symbol CSCO; High-Growth… Read More
SUNCOR ENERGY INC. $53 is a buy. The company (Toronto symbol SU; Cyclical-Growth Payer Portfolio, Resources sector; Shares outstanding: 1.3 billion; Market cap: $68.9 billion; Dividend yield: 4.1%; Dividend Sustainability Rating: Above Average; www.suncor.com) is Canada’s largest integrated oil firm, with major projects in the Alberta oil sands.
With the… Read More
NEWELL BRANDS INC. $7.32 remains a hold. The company (Nasdaq symbol NWL; Conservative Growth Payer Portfolio, Consumer sector; Shares outstanding: 416.0 million; Market cap: $3.0 billion; Dividend yield: 3.8%; Dividend Sustainability Rating: Average; www.newellbrands.com) makes a wide range of consumer and household products such as PaperMate pens, Elmer’s glue,… Read More
STANTEC INC. $114 is a buy. This engineering firm (Toronto symbol STN; Cyclical-Growth Payer Portfolio, Manufacturing sector; Shares outstanding: 114.1 million; Market cap: $13.0 billion; Dividend yield: 0.7%; Dividend Sustainability Rating: Above Average; www.stantec.com) is a leading seller of consulting, project-delivery, design and technology services.
With the April 2024 payment,… Read More
While large-cap stocks tend to account for the bulk of most investors’ portfolios, we also recommend adding smaller firms such as Calian and Extendicare. Both are leaders in their respective industries and have long histories of regular dividend payments.
CALIAN GROUP LTD. $50 is a buy. The… Read More
