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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Enbridge and AltaGas continue to expand their asset bases with new high-quality, rate-regulated projects. The extra cash flow puts them in a strong position to keep rewarding investors with higher dividends.
ENBRIDGE INC. $57 is a buy. The company (Toronto symbol ENB; Income-Growth Payer Portfolio, Utilities sector; Shares… Read More
PEPSICO INC. $173 is a hold. The company (Nasdaq symbol PEP; Conservative-Growth Dividend Payer Portfolio, Consumer sector; Shares outstanding: 1.4 billion; Market cap: $242.2 billion; Dividend yield: 3.1%; Dividend Sustainability Rating: Above Average; www.pepsico.com) is the world’s second-largest soft-drink maker after Coca-Cola. Its other brands include Frito-Lay snacks, Gatorade… Read More
China recently announced several new measures to stimulate its economy. That’s good news for McDonald’s and Starbucks, which continue to expand their presence in that country. Investors will also benefit from their long-term commitment to lifting their dividends.
MCDONALD’S CORP. $299 is a buy. The company (New York… Read More
RIOCAN REAL ESTATE INVESTMENT TRUST $20 is a buy. The REIT (Toronto symbol REI.UN; Cyclical-Growth Dividend Payer Portfolio, Manufacturing sector; Units outstanding: 300.5 million; Market cap: $6.0 billion; Distribution yield: 5.6%; Dividend Sustainability Rating: Above Average; www.riocan.com) owns all or part of 187 shopping centres and other properties across… Read More
These two green energy producers recently cut their dividends. We feel that was the right move, as it frees up cash for investments in new projects.
ALGONQUIN POWER & UTILITIES CORP. $6.96 is a buy for long-term gains. The company (Toronto symbol AQN; High-Growth Dividend Payer Portfolio, Utilities… Read More
ISHARES CORE MSCI CANADIAN QUALITY DIVIDEND INDEX ETF $30.08 (Toronto symbol XDIV; Units o/s: 57.8 million; Market cap: $1.7 billion; Dividend yield: 4.5%; www.blackrock.com/ca) aims to invest in Canadian stocks with above-average dividend yields and steady or increasing dividends. It also targets stocks with strong overall financials,… Read More
Shares of property insurer Intact have more than doubled in the past five years and recently hit a new all-time high. That’s mainly due to savvy acquisitions that expanded Intact’s geographic reach.
The company now expects to pay out higher claims in 2024 as a result… Read More
This U.S. telecom giant recently agreed to acquire a leading provider of high-speed Internet services. That will let it bundle more services with its wireless plans and attract more users in a highly competitive market. Those new customers will also let the company keep raising… Read More
TC Energy has now completed the spinoff of its oil pipeline business as South Bow. Investors received 0.2 of a South Bow share for every TC share they held. They will not be liable for capital gains taxes until they sell their new shares.
The split… Read More
These high-yielding utility stocks continue to move up, as falling interest rates make them more attractive to income-seeking investors. Lower interest rates will also make it easier for them to fund their new projects and acquisitions. That ultimately makes room for more dividend increases.
FORTIS INC… Read More
BCE INC., $46.49, is a buy. The company (Toronto symbol BCE; Shares o/s: 912.3 million; Market cap: $42.4 billion; TSINetwork Rating: Above Average; Dividend yield: 8.6%) has now agreed to sell its 37.5% stake in Maple Leaf Sports and Entertainment (MLSE) to Rogers Communications Inc. MLSE is the… 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, $16.09, is a buy. The trust (Toronto symbol PMZ.UN; Units outstanding: 95.5 million; Market cap: $1.5 billion; TSINetwork Rating: Average; Yield: 5.2%; www.primarisreit.com) owns 38 enclosed and open air shopping malls in Canada totalling 12.5 million square feet. The occupancy rate is 92.4%.
Primaris’s properties include its… Read More
These REITs own some of the best properties in Canada with a focus on the country’s biggest cities. Both offer high yields as well as steady growth prospects. Each is a buy.
ALLIED PROPERTIES REAL ESTATE INVESTMENT TRUST, $20.30, is a buy. The REIT (Toronto symbol AP.UN; Units… Read More
TC ENERGY INC., $59.40, is a buy. The company (Toronto symbol TRP; Shares outstanding: 1.0 billion; Market cap: $59.4 billion; TSINetwork Rating: Above Average; Dividend yield: 6.5%; tcenergy.com) completed the spinoff of its oil pipeline business as separate company South Bow Corp. on October 1, 2024.
Investors received 0.2… Read More
H&R REAL ESTATE INVESTMENT TRUST $11 is a buy. The REIT (Toronto symbol HR.UN; Cyclical-Growth Dividend Payer Portfolio, Manufacturing sector; Units outstanding: 262.0 million; Market cap: $2.9 billion; Distribution yield: 5.5%; Dividend Sustainability Rating: Average; www.hr-reit.com) owns 379 residential, industrial, office and some retail properties in Canada and the… Read More
You Can See Our Cyclical-Growth Dividend Payer Portfolio for October 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
GENUINE PARTS CO. $139 is a buy. The company (New York symbol GPC; Income-Growth Payer Portfolio, Manufacturing & Industry sector; Shares outstanding: 139.3 million; Market cap: $19.4 billion; Dividend yield: 2.9%; Dividend Sustainability Rating: Above Average; www.genpt.com) is a leading seller of replacement auto parts. It also distributes industrial… Read More
The shares of Pembina Pipeline have jumped 35% in the past year, and hit a new all-time high of $56 in September 2024. That’s largely due to its recent acquisitions and new projects. Falling interest rates will also ease its debt payments and free up… Read More
ARCHER DANIELS MIDLAND CO. $59 is a hold. The company (New York symbol ADM; High-Growth Payer Portfolio, Manufacturing sector; Shares outstanding: 478.1 million; Market cap: $28.2 billion; Dividend yield: 3.3%; Dividend Sustainability Rating: Above Average; www.adm.com) processes corn, wheat, soybeans, flax seed and other crops into a variety of… Read More
