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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BROOKFIELD RENEWABLE PARTNERS L.P. $32 is a buy. The partnership (Toronto symbol BEP.UN; High-Growth Dividend Payer Portfolio, Utilities sector; Units outstanding: 665.2 million; Market cap: $21.3 billion; Distribution yield: 6.0%; Dividend Sustainability Rating: Above Average; www.bep.brookfield.com) owns 237 hydroelectric generating stations, 172 wind farms, 211 solar facilities, and 6,408… Read More
These two REITs focus on urban properties in Canada’s biggest cities. Those high-quality assets should continue to help them attract tenants and sustain their distributions.
ALLIED PROPERTIES REAL ESTATE INVESTMENT TRUST $18 is a buy. The REIT (Toronto symbol AP.UN; Cyclical-Growth Dividend Payer Portfolio, Manufacturing sector; Units o/s:… Read More
EXCHANGE INCOME CORP. $47 (Toronto symbol EIF; Shares outstanding: 47.2 million; Market cap: $2.2 billion; Dividend yield: 5.6%; www.exchangeincomecorp.ca) operates in aviation and manufacturing.
The Aviation unit (60% of its revenue) serves communities in Manitoba, Ontario, Nunavut and eastern Canada through regional airlines. As well, through its Regional… Read More
Due to slowing revenues at its landline and media operations, BCE is now cutting 9% of its workforce. It’s also selling 45 of its 103 radio stations. These moves should cut its costs by $150 million to $200 million in 2024. The annual savings should… Read More
Travel + Leisure continues to make savvy acquisitions to expand its offerings and stay ahead of rivals.
TRAVEL + LEISURE CO., $40.62, is a buy. The company (New York symbol TNL; TSINetwork Rating: Extra Risk) (www.travelandleisureco.com; Shares outstanding: 72.4 million; Market cap: $2.9 billion; Dividend yield: 4.4%) is now the… Read More
MOLSON COORS CANADA INC. $82 (www.molsoncoors.com) is still a hold. The beer brewer recently completed the sale of its 57.5% stake in Truss, which makes and sells non-alcoholic, cannabis-infused beverages in Canada, to its partner in the venture, Tilray Brands Inc. (Toronto symbol TLRY). The sale will let… Read More
TC ENERGY CORP. $51 is a buy. The company (Toronto symbol TRP; Conservative Growth and Income Portfolios, Utilities sector; Shares outstanding: 1.03 billion; Market cap: $52.5 billion; Price-to-sales ratio: 3.3; Dividend yield: 7.3%; TSINetwork Rating: Above Average; www.tcenergy.com) operates a pipeline network that pumps natural gas from Alberta… Read More
ENBRIDGE, $47.74, is a buy. The firm (Toronto symbol ENB; Shares outstanding: 2.1 billion; Market cap: $102.4 billion; TSINetwork Rating: Above Average; Dividend yield: 7.7%; www.enbridge.com) has agreed to sell its stakes in two joint ventures to its partner Pembina Pipeline.
Specifically, Pembina will acquire an additional 50.0% of… Read More
MANULIFE FINANCIAL, $29.72, is a buy. This safety-conscious blue-chip company (Toronto symbol MFC; Shares o/s: 1.8 billion; Market cap: $53.8 billion; TSINetwork Rating: Above Average; Yield: 4.9%; www.manulife.ca) is one of Canada’s largest life insurers. The company also sells other forms of insurance including health, dental and travel plans;… Read More
TC ENERGY INC., $53.07, is a buy. The company (Toronto symbol TRP; Shares o/s: 1.0 billion; Market cap: $55.3 billion; TSINetwork Rating: Above Average; Dividend yield: 7.0%; www.tcenergy.com) is making progress with its plan to build a new pumped storage hydro power project near Meaford, Ontario.
The system would… Read More
TELUS, $24.08, is a buy. The company (Toronto symbol T; Shares outstanding: 1.5 billion; Market cap: $35.3 billion; TSINetwork Rating: Above Average; Dividend yield: 6.2%; www.telus.com) had 12.87 million wireless subscribers as of September 30, 2023. It also sells landline phone, Internet and TV services in B.C., Alberta and… Read More
WYNDHAM HOTELS & RESORTS INC. $78 is a buy. The company (New York symbol WH; Cyclical-Growth Portfolio, Consumer sector; Shares outstanding: 83.0 million; Market cap: $6.5 billion; Dividend yield: 1.8%; Dividend Sustainability Rating: Above Average; www.wyndhamhotels.com) is the world’s largest hotel franchiser, with 9,100 hotels in more than 95… Read More
In response to rising interest rates, TD Bank had to set aside more funds to cover potential loan defaults. However, the bank remains well capitalized, which lets it reward investors with higher dividends and share buybacks.
TORONTO-DOMINION BANK $82 is a buy. The lender (Toronto symbol TD; Income-Growth… Read More
BROADRIDGE FINANCIAL SOLUTIONS INC. $206 is a buy. The company (New York symbol BR; High-Growth Payer Portfolio, Finance sector; Shares outstanding: 117.7 million; Market cap: $24.2 billion; Dividend yield: 1.6%; Dividend Sustainability Rating: Above Average; www.broadridge.com) is best known for processing and distributing proxies and regulatory filings, both electronically… Read More
WALMART INC. $161 is a buy. The company (New York symbol WMT; Conservative Growth Dividend Payer Portfolio, Consumer sector; Shares outstanding: 2.7 billion; Market cap: $434.7 billion; Dividend yield: 1.4%; Dividend Sustainability Rating: Highest; www.walmart.com) is the world’s largest retailer, with 10,500 outlets in 19 countries.
With the April 2023… Read More
STARBUCKS CORP. $92 is a buy for aggressive investors. The company (Nasdaq symbol SBUX; High-Growth Dividend Payer Portfolio, Consumer sector; Shares outstanding: 1.15 billion; Market cap: $105.8 billion; Dividend yield: 2.5%; Dividend Sustainability Rating: Above Average; www.starbucks.comwww.starbucks.com) is a leading seller and roaster of specialty coffee. It has over… Read More
Lawsuits and product recalls have weighed on these two U.S. industrial stocks this past year. Despite the setbacks, we feel their dividends are attractive and safe.
3M COMPANY $93 remains a buy for long-term gains. The diversified manufacturer (New York symbol MMM; Income-Growth Portfolio, Manufacturing & Industry sector;… Read More
Due to higher interest rates, these two leading U.S. banks continue to set aside more funds to cover potential future loan losses. At the same time, they are earnings more interest income on their loans. Despite higher rates, loan demand remains steady, which should let… Read More
CANADIAN IMPERIAL BANK OF COMMERCE $61 is a buy. The bank (Toronto symbol CM; Income-Growth Portfolio, Finance sector; Shares outstanding: 904.7 million; Market cap: $55.2 billion; Dividend yield: 5.9%; Dividend Sustainability Rating: Highest; www.cibc.com) is raising your quarterly dividend by 3.4%. Starting with the January 2024 payment, investors will… Read More
Insurance companies are vulnerable to catastrophic events and other unforeseen events like COVID-19. However, these two insurers continue to benefit as higher interest rates boost returns from their fixed-income securities (mainly bonds). That should let them keep raising your dividends.
INTACT FINANCIAL CORP. $208 is a.. Read More
