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.
 How Successful Investors Get RICHLearn everything you need to know in ‘The Canadian Guide on How to Invest in Stocks Successfully’ for FREE from The Successful Investor. How to Invest In Stocks Guide: Find 10 factors that make your investments safer and stronger. |
Both North West Company and WELL Health are leaders in their respective niche markets. That bodes well for their future prospects and share prices. We see each as a buy.
NORTH WEST COMPANY, $38.66, is a buy. This retailer (Toronto symbol NWC; TSINetwork Rating: Extra Risk) (www.northwest.ca; Shares… Read More
AltaGas took on significant risk with a huge U.S. acquisition in July 2018. The company nonetheless stuck to its promise of selling its non-core assets to pay down the debt it took on. At the same time, its regulated cash flows expanded. We still believe in… Read More
BCE’s shares are down 17% since the start of 2024. That’s mainly due to concerns over the sustainability of its dividend as those payments exceed its free cash flow. However, capital spending is declining now that it has completed a major upgrade of its networks… Read More
Parent company Power Corp. is now simplifying the operations of its two main subsidiaries—Great-West Lifeco and IGM Financial. The plan will benefit investors in both firms, but we still prefer IGM for your new buying.
GREAT-WEST LIFECO INC. $41 is a hold. The insurer (Toronto symbol GWO; Conservative… Read More
BANK OF NOVA SCOTIA, $67.98, is a buy. The lender, (Toronto symbol BNS; Shares outstanding: 1.2 billion; Market cap: $82.7 billion; TSINetwork Rating: Above Average; Dividend yield: 6.2%; www.scotiabank.com) due to current economic uncertainty and higher interest rates/inflation, set aside $962 million to cover future loan losses in… 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, $13.37, is a buy. The trust (Toronto symbol PMZ.UN; Units outstanding: 96.5 million; Market cap: $1.3 billion; TSINetwork Rating: Average; Yield: 6.3%; www.primarisreit.com) owns 39 enclosed and open air shopping malls in Canada totalling 12.5 million square feet. The occupancy rate is 94.2%.
Primaris’s properties include its… Read More
These two REITs own some of the best properties in Canada’s biggest cities. Despite the disruptions caused by the work from home and online shopping trends, those high-quality holdings should continue to attract tenants.
ALLIED PROPERTIES REAL ESTATE INVESTMENT TRUST, $16.92, is a buy. The REIT (Toronto symbol… Read More
Most of the pipelines owned by Pembina and TC Energy operate under long-term contracts. That helps lower their risk in today’s uncertain economy. Investors in both stocks tap a high, sustainable dividend yield. That adds to their appeal and also supports their share prices.
PEMBINA PIPELINE,… Read More
ENBRIDGE, $48.39, is a buy. The firm (Toronto symbol ENB; Shares o/s: 2.1 billion; Market cap: $103.4 billion; TSINetwork Rating: Above Average; Yield: 7.6%; www.enbridge.com) has agreed to join a new joint venture that will build and operate natural gas pipelines and storage facilities on the U.S. Gulf… Read More
MANULIFE FINANCIAL CORP. $33 is a buy. The company (Toronto symbol MFC; Conservative-Growth Payer Portfolio; Finance sector; Shares outstanding: 1.8 billion; Market cap: $59.4 billion; Dividend yield: 4.8%; Dividend Sustainability Rating: Above Average; www.manulife.ca) is Canada’s largest life insurer. It also sells other forms of insurance, including health, dental… Read More
Bank of Nova Scotia is now cutting its exposure to the Pacific Alliance countries in Latin America—Mexico, Peru, Colombia and Chile—due to economic problems and political instability. That will let it invest more in its North American operations. We feel these moves will lead it… Read More
CHEVRON CORP. $155 is a buy. The integrated oil producer (New York symbol CVX; Cyclical-Growth Dividend Payer Portfolio, Resources sector; Shares outstanding: 1.9 billion; Market cap: $294.5 billion; Dividend yield: 4.2%; Dividend Sustainability Rating: Above Average; www.chevron.com) raised your quarterly dividend by 7.9% with the March 2024 payment. Investors… Read More
IGM FINANCIAL INC. $35 is a buy. The company (Toronto symbol IGM; Conservative-Growth Payer Portfolio, Finance sector; Shares outstanding: 238.2 million; Market cap: $8.3 billion; Dividend yield: 6.4%; Dividend Sustainability Rating: Above Average; www.igmfinancial.com) is Canada’s largest independent asset management provider with $247.5 billion in assets under management and… Read More
PFIZER INC. $28 is a buy. The drugmaker (New York symbol PFE; Income-Growth Dividend Payer Portfolio, Manufacturing sector; Shares outstanding: 5.6 billion; Market cap: $156.8 billion; Dividend yield: 6.0%; Dividend Sustainability Rating: Highest; www.pfizer.com) raised your annual dividend rate by 2.4% with the March 2024 payment, to $0.42 a.. Read More
These two makers of tools and household products are aggressively cutting costs, which helps support their dividend payments. However, we prefer Stanley for your new buying.
STANLEY BLACK & DECKER INC. $93 is a buy. The company (New York symbol SWK; Conservative Growth Payer Portfolio, Manufacturing & Industry… Read More
These two grocers have a long history of regular dividend increases. Their investments in new stores and equipment should also give them more room to reward investors. That’s why we assign them our “Highest” Dividend Sustainability Rating.
LOBLAW COMPANIES LTD. $150 is a buy. The company (Toronto symbol… Read More
RESTAURANT BRANDS INTERNATIONAL INC. $109 is a buy for aggressive investors. The fast-food operator (Toronto symbol QSR, High-Growth Dividend Payer Portfolio; Consumer sector; Shares outstanding: 452.0 million; Market cap: $49.3 billion; Dividend yield: 2.9%; Dividend Sustainability Rating: Above Average; www.rbi.com) will raise your quarterly dividend by 5.5% with the… Read More
Utility stocks are a great way for income-seeking investors to spur their long-term returns. That’s because regulators set the rates they charge high enough to give those utilities enough cash to invest in new projects, service their debt and pay dependable dividends.
ALTAGAS LTD. $30 is… Read More
H&R REAL ESTATE INVESTMENT TRUST $9.01 is a buy. The REIT (Toronto symbol HR.UN; Cyclical-Growth Dividend Payer Portfolio, Manufacturing sector; Units outstanding: 261.9 million; Market cap: $2.4 billion; Distribution yield: 6.7%; Dividend Sustainability Rating: Average; www.hr-reit.com) owns 387 residential, industrial, office and some retail properties in Canada and the… Read More
