Dividend Stocks

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.

Don’t buy dividend stocks until you read this FREE Special Report,
The Best Canadian Dividend Stocks to Buy: REITS Canada and other Top Canadian Dividend Stocks.

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Dividend Stocks Library Archives

Here’s our Pick of the Month

EXTENDICARE INC. $8.75 (Toronto symbol EXE; TSINetwork Rating: Extra Risk) (905-470-5534; www.extendicare.com; Shares outstanding: 88.8 million; Market cap: $777.1 million; Dividend yield: 5.5%) owns 67 senior-care facilities in Canada. Together, they can house 8,950 residents on both a long- and short-term basis. The company manages… Read More

AltaGas set to lower debt

ALTAGAS LTD. $18.81 (Toronto symbol ALA; TSINetwork Rating: Extra Risk) (416-365-3535; www.altagas.ca; Shares outstanding: 276.9 million; Market cap: $5.2 billion; Dividend yield: 5.1%) has now agreed to sell its portfolio of U.S. distributed generation assets held by its subsidiaries WGL Energy Systems, Inc. and WGSW,… Read More

Leon’s cross-country reach is a big plus

Furniture and appliance retailing is a high-profit-margin business, but it’s tied to housing sales as well as consumer confidence. Both can vary from province to province. Right now Leon’s diversification across Canada cuts its risk compared to Quebec-focused BMTC. Here’s a look at both stocks:

LEON’S… Read More

RioCan buys more of a good thing

RIOCAN REAL ESTATE INVESTMENT TRUST $26 (Toronto symbol REI.UN; Aggressive Growth Portfolio, Manufacturing & Industry sector; Units outstanding: 304.2 million; Market cap: $7.9 billion; Price-to-sales ratio: 6.5; Dividend yield: 5.5%; TSINetwork Rating: Average; www.riocan.com) continues to focus on six major urban markets: Toronto, Montreal, Ottawa,… Read More

Telus launch drives client signups

TELUS CORP. $48 (Toronto symbol T; Conservative Growth and Income Portfolios, Utilities sector; Shares outstanding: 601.0 million; Market cap: $28.8 billion; Price-to-sales ratio: 2.0; Dividend yield: 4.7%; TSINetwork Rating: Above Average; www.telus.com) added 154,000 new wireless subscribers (net of cancellations) in the three months ended… Read More

RioCan grows in key areas

RIOCAN REAL ESTATE INVESTMENT TRUST $26.02 (Toronto symbol REI.UN; Units outstanding: 303.8 million; Market cap: $7.9 billion; TSINetwork Rating: Average; Dividend yield: 5.5%; www.riocan.com) owns all or part of 230 shopping centres and other properties across Canada. They include 14 projects now under development.
In response to… Read More

Updates on Telus, Cenovus Energy and TC Energy

TELUS $47.44 (Toronto symbol T; Shares outstanding: 601.0 million; Market cap: $28.4 billion; TSINetwork Rating: Above Average; Dividend yield: 4.7%; www.telus.com) is Canada’s third-largest wireless carrier after Rogers Communications (No. 1) and Bell Mobility (No. 2). The company’s wireless business has 9.7 million subscribers and supplies about… Read More

IGM expands in ETFs

POWER CORP. $27.98 (Toronto symbol POW; Shares o/s: 414.4 million; Market cap: $11.9 billion; TSINetwork Rating: Above Average; Dividend yield: 5.8%; www.powercorporation.com) owns 65.6% of Power Financial. In turn, Power Financial’s holdings include 61.5% of IGM Financial, a leading mutual-fund provider.
IGM has two main businesses: Mackenzie… Read More

Updating Broadridge Financial Solutions Inc., Gannett Co. Inc. and Restaurant Brands International Inc.

BROADRIDGE FINANCIAL SOLUTIONS INC. $133 (New York symbol BR; Aggressive Growth Portfolio, Finance sector; Shares outstanding: 116.4 million; Market cap: $15.5 billion; Price-to-sales ratio: 3.5; Dividend yield: 1.5%; TSINetwork Rating: Average; www.broadridge.com) has completed the acquisition of the retirement plan custody and trust assets of TD Ameritrade… Read More

These telcos have a winning formula

Both AT&T and Verizon aim to fuel long-term demand for their wireless, TV and high-speed Internet services with the same two-pronged strategy.
Each is investing heavily in new 5G technology, which will speed up wireless transmissions and bring high-speed Internet access to less-populated areas. Both companies… Read More

Updating Our Conservative-Growth Payer: IBM

INTERNATIONAL BUSINESS MACHINES CORP. $150 (New York symbol IBM; Conservative Growth Dividend Payer Portfolio, Manufacturing & Industry sector; Shares outstanding: 886.6 million; Market cap: $133.0 billion; Dividend yield: 4.3%; Dividend Sustainability Rating: Above Average; www.ibm.com) raised its quarterly dividend by 3.2% with the June 2019 payment. Investors now… Read More

U.S. expansion pays off for TD Bank

TORONTO-DOMINION BANK $78 (Toronto symbol TD; Income-Growth Payer Portfolio; Finance sector; Shares outstanding: 1.83 billion; Market cap: $142.7 billion; Dividend yield: 3.8%; Dividend Sustainability Rating: Highest; www.td.com) is Canada’s second-largest bank after Royal Bank, with total assets of $1.32 trillion.
TD gets 55% of its earnings from its Canadian… Read More

Dividend increase: Stanley

STANLEY BLACK & DECKER INC. $153 (New York symbol SWK; Conservative-Growth Payer Portfolio, Manufacturing & Industry sector; Shares outstanding: 151.4 million; Market cap: $23.2 billion; Dividend yield: 1.8%; Dividend Sustainability Rating: Above Average; www.stanleyblackanddecker.com) is one of the world’s largest makers of hand and power tools for consumers… Read More

Updating Verizon Communications Inc., Canadian National Railways Co. and Tupperware Brands Corp.

VERIZON COMMUNICATIONS INC. $56 (New York symbol VZ; Income-Growth Dividend Portfolio, Utilities sector, Shares outstanding: 4.1 billion; Market cap: $239.6 billion; Dividend yield: 4.3%; Dividend Sustainability Rating: Highest; www.verizon.com) has 117.9 million wireless users, 11.5 million phone customers and 15.1 million Internet and TV subscribers.
With the November 2018… Read More

Gannett jumps on potential merger

GANNETT CO. INC., $9.71 (New York symbol GCI; Cyclical-Growth Payer Portfolio, Consumer sector: Shares outstanding: 114.5 million; Market cap: $1.1 billion; Dividend yield: 6.6%; Dividend Sustainability Rating: Average; www.gannett.com) pays a quarterly dividend of $0.16 a share for an annual rate of $0.64; the stock yields a high… Read More

Buy Genuine Parts, hold on to Snap-On

GENUINE PARTS CO. $97 (New York symbol GPC; Income-Growth Payer Portfolio, Manufacturing & Industry sector; Shares outstanding: 145.9 million; Market cap: $14.2 billion; Dividend yield: 3.1%; Dividend Sustainability Rating: Above Average; www.genpt.com) sells replacement auto parts through company-owned stores (under the NAPA banner) and independent outlets in North… Read More

Two ways to buy Canadian financial shares

ROYAL BANK OF CANADA $105 (Toronto symbol RY; Income-Growth Portfolio, Finance sector; Shares outstanding: 1.4 billion; Market cap: $147.0 billion; Dividend yield: 3.9%; Dividend Sustainability Rating: Highest; www.rbc.com) is Canada’s largest bank with assets of $1.38 trillion. Canada accounts for 62% of its revenue, followed by the U.S…. Read More

Two Canadian growth stocks for income investors

EXTENDICARE INC. $9 (Toronto symbol EXE; High-Growth Dividend Payer Portfolio, Consumer sector; Shares outstanding: 88.5 million; Market cap: $796.5 million; Dividend yield: 5.3%; Dividend Sustainability Rating: Average; www.extendicare.com) owns 59 long-term care facilities and nine retirement living centres; it manages another 54 facilities. The company also operates… Read More

Dividend increase: Molson Coors

MOLSON COORS CANADA INC. (Toronto symbols TPX.A $76 and TPX.B $76; Conservative Growth Payer Portfolio, Consumer sector; Shares outstanding: 216.5 million; Market cap: $16.5 billion; Dividend yield: 4.0%; Dividend Sustainability Rating: Above Average; www.molsoncoors.com) is one of the world’s largest beer brewers. Its main brands include Molson Canadian (Canada), Coors Light… Read More