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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You Can See Our High-Growth Dividend Payer Portfolio for September 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
Imperial Oil’s shares recently hit a new all-time high of $106 thanks to its increased production and rising crude prices. The company is also cutting its production costs, which should give it more room to keep rewarding investors with high dividends and share buybacks.
IMPERIAL OIL… Read More
T. ROWE PRICE GROUP INC. $108 is a buy. The company (Nasdaq symbol TROW; High-Growth Dividend Payer Portfolio, Finance sector; Shares outstanding: 222.6 million; Market cap: $24.0 billion; Dividend yield: 4.6%; Dividend Sustainability Rating: Above Average; www.troweprice.com) is a leading seller of mutual funds and wealth management services.
T. Rowe… Read More
NUTRIEN LTD. $64 is a buy. The company (Toronto symbol NTR; Cyclical-Growth Payer Portfolio, Resources sector; Shares outstanding: 494.8 million; Market cap: $31.7 billion; Dividend yield: 4.5%; Dividend Sustainability Rating: Above Average; www.nutrien.com) is the world’s largest producer of agricultural fertilizers.
With the April 2024, payment, the company raised your… Read More
Both these beverage makers are cutting costs and their less-profitable products. That helps support their dividends. Still, we prefer Andrew Peller shares for your new buying.
ANDREW PELLER LTD. $3.88 (class A) remains a buy for long-term gains. The company (Toronto symbol ADW.A; Conservative Growth Payer Portfolio, Consumer… Read More
3M COMPANY $132 remains a buy for long-term gains. The company (New York symbol MMM; Income-Growth Portfolio, Manufacturing sector; Shares outstanding: 549.4 million; Market cap: $72.5 billion; Dividend yield: 2.1%; Dividend Sustainability Rating: Average; www.3m.com) spun off its Health Care division as a separate firm called Solventum Corp. (New… Read More
RUSSEL METALS INC. $37 is a buy. The company (Toronto symbol RUS; Cyclical-Growth Dividend Payer Portfolio, Manufacturing & Industry sector; Shares outstanding: 58.7 million; Market cap: $2.2 billion; Dividend yield: 4.5%; Dividend Sustainability Rating: Above Average; www.russelmetals.com) is a leading metals distributor in North America, with more than 30,000… Read More
PROCTER & GAMBLE CO. $169 is a buy. The consumer products giant (New York symbol PG; Income-Growth Portfolio, Consumer sector; Shares outstanding: 2.35 billion; Market cap: $397.2 billion; Dividend yield: 2.4%; Dividend Sustainability Rating: Highest; www.pg.com) raised your quarterly dividend by 7.0% with the May 2024 payment. Investors now… Read More
Tech stocks are highly cyclical, which adds risk. They are also vulnerable to rapidly changing technology and trends. That’s why it’s best to stick with market leaders like these two, which have the ability to finance big investments in research and development—and pay dependable dividends!
MICROSOFT… Read More
Here are two retailers that continue to pay investors regular dividends with above-average yields. Their leading positions in niche markets continue to spur their earnings, and that gives them more room to keep raising your dividends.
NORTH WEST COMPANY $45 is a buy. This retailer (Toronto symbol NWC;… Read More
BROOKFIELD RENEWABLE PARTNERS L.P. $34 is a buy. The partnership (Toronto symbol BEP.UN; High-Growth Dividend Payer Portfolio, Utilities sector; Units outstanding: 659.2 million; Market cap: $22.4 billion; Distribution yield: 5.6%; Dividend Sustainability Rating: Above Average; www.bep.brookfield.com) owns 237 hydroelectric generating stations, 183 wind farms, 225 solar facilities, and 6,964… Read More
These green energy producers are cutting your dividends as they focus on their more-profitable operations. Those moves, however, should stabilize their long-term cash flows and make their current payments more sustainable.
ALGONQUIN POWER & UTILITIES CORP. $7.13 is a buy for long-term gains. The company (Toronto symbol AQN;… Read More
TD 1ST PREFERRED CLASS A SERIES 1 $24.54 (Toronto symbol TD.PF.A) is a preferred share issue from TD Bank (Toronto symbol TD).
The TD Series 1 Preferred yields 3.8%. That’s lower than the 5.1% offered by the bank’s common shares.
Note, though, that preferred shares behave more like long-term… Read More
Walmart’s shares are up about 44% in the past year, as the retail giant continues to draw cost-conscious consumers to its stores and websites.
We expect the stock will keep rising in the next few years, thanks to Walmart’s strong attention to efficiency. The company’s upcoming… Read More
We see both Wajax and Calian rising even higher given their prospects and in-demand services. Meanwhile, they offer sustainable yields for investors. Both are buys.
WAJAX CORP., $24.38, is a buy. The company (Toronto symbol WJX; TSINetwork Rating: Extra Risk) (www.wajax.ca; Shares outstanding: 21.7 million; Market cap: $526.0… Read More
The Bank of Canada recently cut its benchmark lending rate, from 4.75% to 4.50%, and more cuts seem likely. Lower rates are good news for utilities such as these four, as they reduce their borrowing costs and increase their appeal with bond investors. What’s more,… Read More
CANADIAN PACIFIC KANSAS CITY, $115.78, is a buy. The company (Toronto symbol CP; shares outstanding: 932.7 million; Market cap: $106.1 billion; Rating: Above Average; Dividend yield: 0.7%) ships freight over a 32,190-kilometre rail network. That line runs mainly between Montreal and Vancouver, with links to hubs in the U.S…. Read More
H&R REIT, $9.61, is a buy. Through your units in this REIT (Toronto symbol HR.UN; Units outstanding: 262.0 million; Market cap: $2.6 billion; TSINetwork Rating: Average; Dividend yield: 6.2%; www.hr-reit.com) you tap income from 382 residential, industrial, office and retail properties in Canada and the U.S. The trust’s… Read More
ENBRIDGE, $51.67, is a buy. The firm (Toronto symbol ENB; Shares outstanding: 2.1 billion; Market cap: $110.0 billion; TSINetwork Rating: Above Average; Dividend yield: 7.1%; www.enbridge.com) operates pipelines that pump oil and natural gas from Western Canada eastward as well as to the U.S.
The company also distributes gas… Read More
Both Pembina and Algonquin operate under long-term contracts. That helps lower their risk in today’s uncertain economy. Investors in both stocks tap a high dividend yield. Pembina’s dividend is highly sustainable—and Algonquin is now taking significant steps to pay down its debt and boost the… Read More
