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., $41.55, is a buy. The partnership (Toronto symbol BEP.UN; Units outstanding: 657.9 million; Market cap: $27.3 billion; TSINetwork Rating: Average; Dividend yield: 5.2%; www.bep.brookfield.com) owns about 235 hydroelectric generating stations, 263 wind farms, 323 solar facilities, and 7,552 distributed generation and energy storage sites.
CHOICE PROPERTIES REIT, $15.86, is a buy. Canada’s biggest REIT (Toronto symbol CHP.UN; Units o/s: 723.8 million; Market cap: $11.5 billion; TSINetwork Rating: Average; Dividend yield: 4.9%; www.choicereit.ca) owns 699 properties, for a total of 68.5 million square feet of retail, industrial, mixed-use and residential space. Investors also benefit from its high 98.2% occupancy rate. George Weston owns 61.7% of the trust. Loblaw is the principal tenant at 59.4% of its leasable area.
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 one of your most important investment considerations. But that shouldn’t come at the expense of sustainability.
Our exclusive TSI Dividend Sustainability Rating System uses eight factors to determine a company’s ability to maintain its current dividend, and increase the payment over time.
In August 2025, BCE paid $3.64 billion U.S. for Ziply Fiber, which offers high-speed Internet access and telephone services through a fibre-optic network to residential and business customers in Washington State, Oregon, Idaho and Montana.
TOROMONT INDUSTRIES LTD. $205 is a buy. The company (Toronto symbol TIH; High-Growth Dividend Payer Portfolio; Manufacturing & Industry sector; Shares outstanding: 81.9 million; Market cap: $16.8 billion; Dividend yield: 1.1%; Dividend Sustainability Rating: Above Average; www.toromont.com) operates through two business segments:
Toromont’s Equipment Group (90% of revenue) is the exclusive dealer of Caterpillar heavy equipment, such as bulldozers, backhoes and excavators, for eastern Canada. The company is also the MaK engine dealer for the Eastern Seaboard of the U.S., from Maine to Virginia.
Gen last raised your quarterly dividend by 66.7% in December 2019. The annual rate of $0.50 a share yields 2.3%. It also has $2.29 billion remaining under its $3.0 billion share repurchase authorization.