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.
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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ALGONQUIN POWER & UTILITIES, $6.53, is a buy. The utility (Toronto symbol AQN; Shares o/s: 767.2 million; Market cap: $4.9 billion; TSINetwork Rating: Extra Risk; Yield: 4.0%; www.algonquinpower.com) has now completed the sale of its 42.2% ownership stake in Atlantica Sustainable Infrastructure plc for $1.08 billion (all figures except… Read More
LOBLAW COMPANIES, $179.93, is a buy. The retailer (Toronto symbol L; Shares outstanding: 301.7 million; Market cap: $54.5 billion; TSINetwork Rating: Above Average; Dividend yield: 1.1%; www.loblaw.ca) is now selling its 42 Wellwise by Shoppers outlets to Verillium Health Care. Wellwise stores carry a variety of medical and fitness… Read More
PRIMARIS REIT, $14.85, is a buy. The trust (Toronto symbol PMZ.UN; Units outstanding: 103.3 million; Market cap: $1.5 billion; TSINetwork Rating: Average; Yield: 5.8; www.primarisreit.com) owns 38 enclosed and open air shopping malls in Canada, totalling 15.0 million square feet. The occupancy rate is 94.8%.
Primaris has now completed… Read More
ENBRIDGE, $63.00, is a buy. The firm (Toronto symbol ENB; Shares o/s: 2.2 billion; Market cap: $136.6 billion; TSINetwork Rating: Above Average; Dividend yield: 6.0%; www.enbridge.com) operates pipelines that pump oil and natural gas from Western Canada eastward as well as to the U.S. Its network transports 30%… Read More
INNERGEX RENEWABLE ENERGY, $7.23, is a buy. The power generator (Toronto symbol INE; Shares o/s: 203.1 million; Market cap: $1.4 billion; TSINetwork Rating: Extra Risk; Yield: 5.0%; www.innergex.com) reduced its dividend payout in 2024 to provide maximum financial flexibility for investments in new projects.
As a result, the company cut… Read More
PEMBINA PIPELINE, $52.33, is a buy. The company (Toronto symbol PPL; Shares outstanding: 580.5 million; Market cap: $30.2 billion; TSINetwork Rating: Average; Dividend yield: 5.3%; www.pembina.com) now owns 60% of Pembina Gas Infrastructure Inc. (PGI); private equity firm KKR & Co. Inc. (New York symbol KKR) owns the other… Read More
BROOKFIELD RENEWABLE PARTNERS L.P., $31.92, is a buy. The partnership (Toronto symbol BEP.UN; Units outstanding: 646.0 million; Market cap: $20.6 billion; TSINetwork Rating: Extra Risk; Dividend yield: 4.7%; www.bep.brookfield.com) cuts risk by selling power from its plants under long-term contracts. That provides stable cash flows.
For instance, Brookfield now has… Read More
You Can See Our Cyclical-Growth Dividend Payer Portfolio for February 2025 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
RUSSEL METALS INC. $42 is a buy. The company (Toronto symbol RUS; Cyclical-Growth Dividend Payer Portfolio, Manufacturing & Industry sector; Shares outstanding: 58.7 million; Market cap: $2.5 billion; Dividend yield: 4.0%; Dividend Sustainability Rating: Above Average; www.russelmetals.com) is a leading metals distributor in North America, with more than 30,000… Read More
Utility stocks like Fortis continue to offer investors a strong combination of steady growth and rising dividends. That’s because regulators help ensure utilities have sufficient cash flows to fund new projects and service their debt loads. Demand for new power sources is also rising as… Read More
SOUTH BOW CORP. $36 is a hold. This new company (Toronto symbol SOBO; Income-Growth Payer Portfolio, Utilities sector; Shares outstanding: 207.6 million; Market cap: $7.5 billion; Dividend yield: 8.0%; Dividend Sustainability Rating: Average; www.southbow.com) operates a 4,900-kilometre pipeline network that pumps crude oil from Alberta to refineries in Illinois,… Read More
NEWELL BRANDS INC. $10 remains a hold. The company (Nasdaq symbol NWL; Conservative Growth Payer Portfolio, Consumer sector; Shares outstanding: 416.0 million; Market cap: $4.2 billion; Dividend yield: 2.8%; 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
RTX CORP. $125 is a buy. The company (New York symbol RTX; Conservative-Growth Payer Portfolio; Manufacturing sector; Shares outstanding: 1.3 billion; Market cap: $162.5 billion; Dividend yield: 2.0%; Dividend Sustainability Rating: Above Average; www.rtx.com) is a leading maker of commercial aircraft equipment, electronic systems for military aircraft, and guided… Read More
These two stocks continue to rebound on still-rising demand for travel in the wake of the COVID-19 pandemic. That should let them keep rewarding investors with higher dividends.
TRAVEL + LEISURE CO. $54 is a buy. The company (New York symbol TNL; Cyclical-Growth Payer Portfolio, Consumer sector; Shares… Read More
Our two leading fast-food companies continue to add new outlets and to improve their menus and services. Expect both of those factors to keep lifting their dividends.
MCDONALD’S CORP. $290 is a buy. The company (New York symbol MCD; Income-Growth Dividend Payer Portfolio, Consumer sector; Shares outstanding: 716.6… Read More
METRO INC. $92 is a buy. The company (Toronto symbol MRU; High-Growth Dividend Payer Portfolio, Consumer sector; Shares outstanding: 221.4 million; Market cap: $20.4 billion; Dividend yield: 1.6%; Dividend Sustainability Rating: Highest; www.metro.ca) operates 995 grocery stores and 639 drugstores, in Quebec, Ontario and New Brunswick.
With the March 2025… Read More
These two leading foodmakers have a long history of regular dividend payments. However, their sales growth remains weak due to changing consumer tastes.
SAPUTO INC. $24 is a hold. The company (Toronto symbol SAP; High-Growth Payer Portfolio, Consumer sector; Shares outstanding: 424.4 million; Market cap: $10.2 billion; Dividend… Read More
AT&T INC. $24 is a buy. The company (New York symbol T; Income-Growth Portfolio, Utilities sector; Shares outstanding: 7.2 billion; Market cap: $172.8 billion; Dividend yield: 4.6%; Dividend Sustainability Rating: Above Average; www.att.com) merged its WarnerMedia entertainment business with Discovery Inc. to form Warner Bros. Discovery (Nasdaq symbol WBD)… Read More
Note that these two green energy producers have cut their dividends as they adjust their portfolios to focus on more-promising assets. Still, their lower dividend rates are also much more sustainable, which cuts your risk.
ALGONQUIN POWER & UTILITIES CORP. $6.20 is a buy for long-term… Read More
BROWN-FORMAN CORP. $33 (New York symbol BF.B; Shares outstanding: 484.5 million; Market cap: $16.0 billion; Dividend yield: 2.7%; www.brown-forman.com) makes and sells alcoholic beverages. The most important and iconic brand in its portfolio is Jack Daniel’s Tennessee Whiskey.
The company raised its dividend by 3.9% in January 2025… Read More