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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DREAM OFFICE REIT $11 is a buy. The REIT (Toronto symbol D.UN; Cyclical-Growth Dividend Payer Portfolio; Manufacturing sector; Units outstanding: 37.9 million; Market cap: $416.9 million; Dividend yield: 9.1%; Dividend Sustainability Rating: Average; www.dream.ca) owns 28 office properties, including two under development. The downtown Toronto market supplies 75% of… Read More
These two renewable energy producers are selling some of their less-important assets and using the proceeds to pay down their debt. That will cut their future interest costs, and let them maintain their current dividend payments.
ALGONQUIN POWER & UTILITIES CORP. $7.90 is a buy for… Read More
FINANCIAL 15 SPLIT CORP. $7.81 (Toronto symbol FTN; Shares o/s: 47.4 million; Market cap: $370.2 million; Dividend yield: 19.5%; www.quadravest.com) holds shares of 15 big Canadian and U.S. financial companies.
These include Bank of Nova Scotia, TD Bank, Manulife, Sun Life, CI Financial, Bank of America, Citigroup, Goldman… Read More
For 2024, we’ve selected Canadian Tire, IBM and Choice Properties REIT as our top three picks for dividend investors.
All three are market leaders and have a long history of regular income payments, even during economic downturns. That cuts your risk. New investments in their businesses… Read More
3M COMPANY $93 is a buy for long-term gains. The diversified manufacturer (New York symbol MMM; Income Portfolio, Manufacturing & Industry sector; Shares outstanding: 552.3 million; Market cap: $51.4 billion; Price-to-sales ratio: 1.6; Dividend yield: 6.5%; TSINetwork Rating: Above Average; www.3m.com) reported 0.3% lower revenue in the three… Read More
VERIZON COMMUNICATIONS INC. $41 is a buy. The telecom provider (New York symbol VZ; Income Portfolio, Utilities sector, Shares outstanding: 4.2 billion; Market cap: $172.2 billion; Price-to-sales ratio: 1.3; Dividend yield: 6.5%; TSINetwork Rating: Average; www.verizon.com) is the second-largest wireless carrier in the U.S. after AT&T (New York… Read More
Long-time readers know that we aim to keep you informed of important news about the stocks we cover. That means highlighting developments and plans that promise to bolster investor gains. Here are two buys that stand out this month:
ALTAGAS LTD., $27.93, is a buy. The utility (Toronto… Read More
Many traditional bricks-and-mortar retailers have continued to struggle against the COVID-spurred onslaught of online shopping. Some may yet go out of business. But we believe the unique market niches of both TJX and North West offer the possibility of strong gains ahead.
THE TJX COMPANIES, $94.39, (New… Read More
TELUS CORP. $24 is a buy. The company (Toronto symbol T; Conservative Growth and Income Portfolios, Utilities sector; Shares outstanding: 1.4 billion; Market cap: $33.6 billion; Price-to-sales ratio: 1.8; Dividend yield: 6.3%; TSINetwork Rating: Above Average; www.telus.com) had 12.87 million wireless subscribers as of September 30, 2023. It… Read More
CANADIAN TIRE CORP. (class A non-voting) is a buy. The retailer (Toronto symbols CTC $280 and CTC.A $144; Conservative Growth Portfolio, Consumer sector; Shares outstanding: 60.8 million; Market cap: $8.4 billion; Price-to-sales ratio: 0.5; Dividend yield: 4.9%; TSINetwork Rating: Above Average; www.canadiantire.ca) operates several chains aside from Canadian Tire (automotive part,… Read More
Utilities stocks fell in 2023 on strong and competing demand for bonds as interest rates spurred bond yields. Higher interest rates also increased the borrowing costs for utilities as they undertook new projects and upgrades.
However, it now looks like interest rates will come down in… Read More
BANK OF NOVA SCOTIA, $62.72, is buy. The lender (Toronto symbol BNS; Shares outstanding: 1.2 billion; Market cap: $76.1 billion; TSINetwork Rating: Above Average; Dividend yield: 6.8%; www.scotiabank.com) has narrowed its international focus in the past few years to four countries in Latin America—Mexico, Peru, Colombia and Chile.
Those… Read More
TC ENERGY INC., $52.79, is a buy. The company (Toronto symbol TRP; Shares outstanding: 1.0 billion; Market cap: $54.3 billion; TSINetwork Rating: Above Average; Dividend yield: 7.1%; www.tcenergy.com) still plans to spin off its oil pipelines division as a separate, publicly traded company called South Bow Corp.
The new… 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, $20.10, is a buy. The REIT (Toronto symbol… Read More
Insurers write policies, collect premiums from customers, and then invest those premiums to meet future claims. That need to cover claims means they invest significant amounts of their funds in fixed-income instruments, primarily bonds. That also means high interest rates are a boon to their… Read More
PEMBINA PIPELINE, $46.00, is a buy. The company (Toronto symbol PPL; Shares outstanding: 549.4 million; Market cap: $25.1 billion; TSINetwork Rating: Average; Dividend yield: 5.8%; www.pembina.com) has now agreed to increase its stakes in two joint ventures it has with Enbridge Inc.
Pembina will acquire an additional 50.0% of the… Read More
You Can See Our High-Growth Dividend Payer Portfolio For January 2024 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
CALIAN GROUP LTD. $57 is a buy. The company (Toronto symbol CGY; High-Growth Dividend Payer Portfolio, Manufacturing & Industry sector; Shares outstanding: 11.7 million; Market cap: $666.9 million; Dividend yield: 2.0%; Dividend Sustainability Rating: Above Average; www.calian.com) provides business services to the healthcare, defence, security, aerospace, engineering, agriculture and… Read More
Pfizer’s shares are down 45% in the past year due to lower demand for its COVID-19 treatments as the pandemic eases. However, new products from its acquisition of Seagen and its high research spending, generally, should spur long-term growth and your dividends.
PFIZER INC. $28 is… Read More
FINNING INTERNATIONAL INC. $38 is a buy. The company (Toronto symbol FTT; Cyclical-Growth Payer Portfolio, Manufacturing & Industry sector; Shares outstanding: 145.2 million; Market cap: $5.5 billion; Dividend yield: 2.6%; Dividend Sustainability Rating: Above Average; www.finning.com) sells and services Caterpillar-brand heavy equipment in Western Canada, South America, the U.K…. Read More
