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.

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Dividend Stocks Library Archives

Updating your Conservative-Growth Payers: Sun Life Financial

SUN LIFE FINANCIAL INC. $62 is a buy. The stock (Toronto symbol SLF; Conservative-Growth Dividend Payer Portfolio, Finance sector; Shares outstanding: 586.3 million; Market cap: $36.4 billion; Dividend yield: 4.6%; Dividend Sustainability Rating: Above Average; www.sunlife.ca) is Canada’s third-largest life insurance company after Manulife (No. 1) and Great-West Lifeco… Read More

AbbVie just raised its dividend

ABBVIE INC. $159 is a top pick for 2022. The company (New York symbol ABBV; High-Growth Dividend Payer Portfolio, Manufacturing sector; Shares outstanding: 1.8 billion; Market cap: $286.2 billion; Dividend yield: 3.7%; Dividend Sustainability Rating: Above Average; www.abbvie.com) makes medical devices, diagnostic tests, pediatric and adult nutritional products, and… Read More

Use these key updates to build your returns

TRANSCONTINENTAL INC. $16 is still a buy. Canada’s largest commercial printing company (Toronto symbol TCL.A; Cyclical-Growth Portfolio, Consumer sector; Shares outstanding: 77.1 million; Market cap: $1.2 billion; Dividend yield: 5.6%; Dividend Sustainability Rating: Above Average; www.tctranscontinental.com) last raised your dividend with the April 2020 payment. Investors now receive $0.225… Read More

Buy quality assets at a discount

POWER CORP. $34 is a buy. The conglomerate (Toronto symbol POW; Conservative-Growth Dividend Payer Portfolio, Finance sector; Shares outstanding: 668.1 million; Market cap: $22.7 billion; Dividend yield: 5.8%; Dividend Sustainability Rating: Above Average; www.powercorporation.com) is a holding company with a diversified list of businesses. Its primary investments are controlling… Read More

Their market leadership cuts your risk

Small market cap firms are generally riskier than bigger companies. You can cut that risk by focusing on market leaders with long histories of paying dividends such as North West Co. and Russel Metals.
NORTH WEST COMPANY $37 is a buy. The company (Toronto symbol NWC; High-Growth Payer… Read More

Newell hurt by slowing sales

NEWELL BRANDS INC. $13 remains a hold. The consumer products maker (Nasdaq symbol NWL; Conservative-Growth Payer Portfolio, Manufacturing & Industry sector; Shares outstanding: 413.6 million; Market cap: $5.4 billion; Dividend yield: 7.1%; Dividend Sustainability Rating: Above Average; www.newellbrands.com) last raised its quarterly dividend with the June 2017 payment. The… Read More

Earn income from rebounding tourism

Tourism volumes continue to rebound as COVID-19 travel restrictions ease. Here are two stocks that will profit from the rebound—and pay you steady dividends.
WYNDHAM HOTELS & RESORTS INC. $73 remains a buy. The company (New York symbol WH; Cyclical-Growth Portfolio, Consumer sector; Shares outstanding: 88.3 million; Market… Read More

19 years of rising dividends for TXN

TEXAS INSTRUMENTS INC. $179 is a buy. The company (Nasdaq symbol TXN; High-Growth Dividend Payer Portfolio, Manufacturing sector; Shares outstanding: 907.6 million; Market cap: $162.4 billion; Dividend yield: 2.8%; Dividend Sustainability Rating: Above Average; www.ti.com) makes analog computer chips, which convert touch, sound and pressure into the electronic signals… Read More

New projects enhance their appeal and cash flow

These two retail-focused REITs continue to benefit as shoppers return to their mall and other retail properties. Longer term, both REITs should also gain as they build more mixed-use properties with residential units.
CHOICE PROPERTIES REIT $14 is a buy. Canada’s biggest REIT (Toronto symbol CHP.UN; Cyclical-Growth Payer… Read More

Efficiency gains to fuel this dividend

Finning recently announced that Scott Thomson will step down as CEO to head up the Bank of Nova Scotia. The company has appointed Kevin Parkes as Thomson’s replacement.
Mr. Parkes will likely continue the company’s current strategy of expanding its product support (equipment maintenance) business. Finning’s… Read More

A yield to caution

ISHARES CORE MSCI CANADIAN QUALITY DIVIDEND INDEX ETF $24 (Toronto symbol XDIV; Units outstanding: 29.9 million; Market cap: $717.6 million; Dividend yield: 4.1%; 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

Two ways to profit from the same assets

Canadian Utilities and its parent company ATCO hold essentially the same pool of assets. Investors looking for yield should opt for the subsidiary, while value seekers should buy the parent for its holding company discount.
CANADIAN UTILITIES LTD. (class A non-voting) is a buy. The company (Toronto symbols… Read More

Regulated businesses protect their dividends

These two utilities are down slightly since the start of 2022. That’s mainly because rising interest rates diminish the appeal of high-yielding stocks as investors shift to high-yielding, and more stable, bonds. Moreover, higher rates also add to interest costs for utilities. However, these two… Read More

Acquisition is already paying off

TELUS CORP. $29 is a buy. The company (Toronto symbol T; Conservative Growth and Income Portfolios, Utilities sector; Shares outstanding: 1.4 billion; Market cap: $40.6 billion; Price-to-sales ratio: 2.2; Dividend yield: 4.8%; TSINetwork Rating: Above Average; www.telus.com) recently acquired LifeWorks Inc. for $2.9 billion. Formerly known as Morneau… Read More

Downturn cuts AUM and earnings

IGM FINANCIAL INC. $37 is a buy. The company (Toronto symbol IGM; Conservative Growth Portfolio, Finance sector; Shares outstanding: 239.2 million; Market cap: $8.9 billion; Price-to-sales ratio: 2.6; Dividend yield: 6.1%; TSINetwork Rating: Above Average; www.igmfinancial.com) is Canada’s largest independent mutual-fund provider. Power Corp. owns 62.2% of IGM.
Due… Read More

These four can also handle higher rates

Rising interest rates have dampened investor enthusiasm for high-yielding utility stocks. That’s because higher rates add to a utility’s interest costs and, at the same time, they increase the appeal of competing bonds by spurring their yields.
However, these four utilities get most of their revenue… Read More

TD to reach more Canadians

TD BANK, $87.91, (Toronto symbol TD; Shares outstanding: 1.8 billion; Market cap: $158.1 billion; TSINetwork Rating: Above Average; Dividend yield: 4.1%; www.td.com) has formed a new alliance with Canada Post.
Under the deal, TD will offer personal loans through Canada Post outlets. Those loans will have flexible repayment… Read More